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Collecting rare coins can be a fun and exciting pastime, but for some, it is a way of making a profit. Collecting rare coins is an investment, and it is important to know what coins are the most valuable so you can make the best investment possible. Therefore, Austin Rare Coins can assist you with purchasing or selling valuable coins. 

Top Dollar - Silver Dollar 

One of the most valuable rare coins is the 1794 Flowing Hair Silver Dollar. This is one of the oldest coins in the United States and is one of the most sought-after coins. This coin was issued by the first United States mint and is estimated to be worth between $3 million and $10 million. 

Only Two Double Eagles

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In the numismatics community, one of the most in-demand coins is the 1794 Flowing Hair Silver Dollar. Due to its rarity and historical significance, coin collectors and speculators alike desire it. Importantly, Austin Rare Coins is a trusted firm in Austin, Texas that sells rare coins like this one. Below are a few things to know first about this rare silver coin.

History Behind The Coin

This particular coin was the first silver dollar ever minted by the United States government, making it a significant piece

The Flowing Hair Silver Dollar of 1794

The year 1794 marked a milestone for the young United States. Additionally, the country was taking its first steps towards a national identity, not only politically but economically. Central to this endeavor was establishing a stable currency, a crucial aspect of independence. One coin stood out: the Flowing Hair Silver Dollar of 1794. This coin was the first silver dollar from the U.S. Mint and symbolized the nation’s early efforts in currency design.

Why the U.S. Needed Its Own Currency

After gaining independence from Britain, the United States struggled with currency instability. At the time, coins from various foreign nations circulated widely, creating confusion