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History:
- Minted just six years after the establishment of the US Mint in 1792.
- Early Mint operations lacked meticulous record keeping, making precise mintage figures difficult.
- Estimates suggest the 1798 date stamp was used on coins struck between 1795-1797 and even into 1799 and 1800.
Mintage:
- Estimated mintage of 327,536 pieces dated 1798, the second highest for Draped Bust Dollars (only behind 1799).
- Due to the date spread, the actual number minted in 1798 is likely lower.
Interesting Facts:
- Quality control wasn't a top priority in the early Mint, resulting in coins with die cracks and weak strikes.
- Despite the relatively high mintage, there are not many graded examples due to collecting preferences and resubmissions.
- Even well-circulated (F to VF grades) can cost thousands of dollars.
Specifications:
- Material: Silver
- Diameter: 39 mm (approximately 1.54 inches)
- Weight: 26.73 grams (approximately 0.89 ounces)
- Obverse (front): Draped bust of Liberty facing right
- Reverse (back): Heraldic eagle (with some variations) or Small Eagle (depending on variety)
In Conclusion:
A 1798 Draped Bust Dollar is a valuable piece of American numismatic history, but its worth is significantly higher than a dollar. If you have one, consulting a professional coin grading service is crucial to determine its true value.
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United States