The first United States half dollars were minted
sometime during the last few months of 1794, when the Mint released
5300 pieces of the Flowing Hair type. Another 18,164 were struck in
1795, using 1794 dies.
Thus, only 23,464 of the 1794 Flowing Hair Half Dollars were minted,
and of this number, survivorship is low. This is one of the most
significant coins in all of American numismatics. Unrelenting price
increases over many years proves it as a fact.
The 1794 Flowing Hair Half Dollar pictured below
appears to have
scratches across Liberty’s face. These are actually what are called
adjustment marks, made by a Mint employee before the coin was struck.
In the early years of the Mint, if a silver or gold planchet (i.e.
blank) was a little overweight, excess metal was manually removed with
a file. The file marks usually were erased during the striking action,
as metal flowed over them to form the coin's features. This half dollar
example is one case where evidence of file marks remain.
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