The 1798 Draped Bust Silver Dollar: 13 Stars on Obverse is an important coin in American history, symbolizing the early years of the U.S. Mint. This coin is especially valuable due to its age, design, and rarity. Collectors highly prize the 1798 Draped Bust Silver Dollar for its intricate details, particularly the 13 stars on the obverse, representing the original colonies of the United States. In this article, we’ll explore the features, history, and value of this coin, as well as answer common questions collectors often ask.
What is the 1798 Draped Bust Silver Dollar?
The 1798 Draped Bust Silver Dollar is a large silver coin that was part of the early American currency system. It features a Draped Bust design of Lady Liberty on the front (obverse), with 13 stars surrounding her head, symbolizing the 13 original colonies. The back (reverse) of the coin displays an eagle with a shield, representing strength and unity.
Key Features of the 1798 Draped Bust Silver Dollar
- Year: 1798
- Design Type: Draped Bust
- Material: 89.24% silver, 10.76% copper
- Weight: 26.96 grams
- Diameter: 39-40 mm
- Edge: Lettered (with the inscription “Hundred Cents One Dollar or Unit”)
- Obverse Design: Lady Liberty with flowing hair, surrounded by 13 stars.
- Reverse Design: Heraldic eagle with a shield, clutching an olive branch and arrows.
The Historical Importance of the 1798 Draped Bust Silver Dollar
The 1798 Draped Bust Silver Dollar was part of America’s effort to create a stable currency system during the country’s early years. Designed by Robert Scot, this coin was produced when the United States was still a young nation. The 13 stars on the obverse represent the unity of the original colonies that formed the country, making the coin a symbol of early American identity.
Rarity and Value of the 1798 Draped Bust Silver Dollar
The 1798 Draped Bust Silver Dollar is a rare and valuable coin. Its value varies greatly depending on its condition and whether it has been well-preserved over the years. The coin’s rarity is increased by the fact that many silver dollars from this era were melted down or lost.
| Condition | Approximate Value |
|---|---|
| Poor | $1,500 – $2,500 |
| Fine | $5,000 – $10,000 |
| Very Fine | $20,000 – $35,000 |
| Mint Condition | $60,000 or more |
How to Identify the 1798 Draped Bust Silver Dollar with 13 Stars
If you are interested in identifying an authentic 1798 Draped Bust Silver Dollar, here are some key characteristics to look for:
- 13 Stars on the Obverse: Count the stars around Lady Liberty’s head. For this version, there should be 13.
- Obverse Design: Lady Liberty should have long, flowing hair and be facing to the right.
- Reverse Design: The reverse should feature a heraldic eagle clutching an olive branch and arrows.
- Edge Lettering: The coin’s edge should have the inscription: “Hundred Cents One Dollar or Unit.”
Why Collectors Value the 1798 Draped Bust Silver Dollar
Collectors are drawn to the 1798 Draped Bust Silver Dollar not just for its silver content but for its historical importance. The 13 stars symbolize the formation of the United States, making it more than just a coin — it’s a piece of American history. The coin’s size, beauty, and rarity make it a sought-after item for serious collectors.
Conclusion
The 1798 Draped Bust Silver Dollar: 13 Stars on Obverse is a rare and significant piece of American numismatic history. Its beautiful design, historical relevance, and scarcity make it a valuable addition to any coin collection. Collectors cherish this coin not only for its silver content but also for its role in representing the young United States. As you explore the world of coin collecting, owning a 1798 Draped Bust Silver Dollar can be an exciting achievement that connects you to the country’s early financial system.
FAQ’s
Why are there 13 stars on the 1798 Draped Bust Silver Dollar?
The 13 stars represent the original 13 colonies that formed the United States.
How much is a 1798 Draped Bust Silver Dollar worth?
The value of this coin varies by condition but can range from $1,500 for a poor condition coin to over $60,000 for a well-preserved one.
What is the material composition of the 1798 Draped Bust Silver Dollar?
The coin is made of 89.24% silver and 10.76% copper.
How do I know if my 1798 Draped Bust Silver Dollar is real?
Check for key features such as 13 stars around Lady Liberty’s head, the heraldic eagle on the reverse, and edge lettering that reads: “Hundred Cents One Dollar or Unit.”
Why is the 1798 Draped Bust Silver Dollar important to American history?
This coin represents the early efforts of the U.S. Mint to establish a national currency and reflects the unity of the original colonies through the 13 stars.