Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Silver Dollars and other Coin Collecting topics.
Golden Eagle Coins Tip: While determining the monetary system for the United States, Congress had two denominations in consideration – the Silver Dollar and the Gold Eagle. As a new country, the United States government was interested in creating their own coins to replace the widely used Spanish colonial Eight Reales. So, in 1794 the US Mint produced the first Silver Dollar, the Flowing Hair Dollar. The Silver Dollar today, refers to any one dollar denomination coin which contains a white metal. These include the Flowing Hair, Draped Bust, Morgan, Peace, Eisenhower, and Susan B. Anthony. Though silver in color, coins such as the Eisenhower and Susan B. Anthony do not always contain silver, but instead may have a copper-nickel clad composition.