The 1795 Draped Bust Dollar (MS61): A True Artifact of US History | The Gold Spot Overtime

In this week's The Gold Spot Overtime, Scottsdale Bullion & Coin Founder Eric Sepanek, unveils an iconic #rarecoin (which happens to be his favorite) - the 1795 Draped Bust Dollar. This true artifact of US history was minted within just two decades of the founding of the United States.

This particular version boasts a stunning light blush rose toning which is owed to its impressive condition and age. On top of that, our #DrapedBustDollar holds a Mint State 61 (MS 61) grade from the Numismatic Guaranty Company #NGC - the only coin of its kind to hold that grade.

The 1795 Draped Bust Dollar was the second #silverdollar ever minted by the US, following the Flowing Hair Dollar. The design was intended to improve the appearance and aesthetics of American coinage.

The obverse of the coin features a bust of a young woman with flowing hair with the word LIBERTY and 15 stars representing each of the states in the union at the time. On the reverse, the Draped Bust Dollar has a unique design of an eagle with its wings spread.

Also known as the off-center Draped Bust Dollar, this coin represents the first of two die combinations. The #USMint decided to replace it with a more aesthetically pleasing design with the bust closer to the center of the coin.

Although the precise number of surviving 1795 Draped Bust Dollars is unknown due to poor record-keeping, there are only four versions graded higher than this one. The highest-rated version is worth over $1 million!

Fortunately, you don’t have to spend that much to invest in a true artifact of American history. Find out how much this iconic coin is worth and how you can add it to your #preciousmetals portfolio by watching this week’s The Gold Spot Overtime.

Learn more about this MS 61 1795 Draped Bust Dollar here: https://www.sbcgold.com/blog/1795-draped-bust-dollar-ms61/

Learn more about rare coins:

🪙 Investing in Rare Coins: https://www.sbcgold.com/investing-101/investing-in-rare-coins/

🪙 Rare Coins in a Diversified Portfolio: https://www.sbcgold.com/blog/rare-coins-in-a-diversified-portfolio/