Free 5 Dollars

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In 1792, the first US Mint facility was established by the Coinage Act of 1792. This act came about by the Founding Fathers, who desired to assign the US its own national identity and give it a place among international commerce. The Philadelphia Mint was claimed the first US Mint, since it was located in the country's capital at the time.

This Coinage Act also instituted a decimal system for the coins being produced, requiring coins' to carry their legal tender and specify their metallic fineness and composition on the coin. It also demanded that 'an impression emblematic of liberty' should be prevalent on each US coin minted so that is why Lady Liberty is on all of the US's currency.

Dollars have been used, throughout US history, as a means of currency and investment. You can track a dollar's life and learn so much about the current events occurring, during the time of its production. Golden Eagle Coins offers a wide selection of Dollars, including Early Bust Dollars, Morgan Silver Dollars, etc.

Early Dollars

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Draped Bust Dollar

The Draped Bust Dollar was minted from 1785-1803, then again into the 1850's. This design succeeded the Flowing hair Dollar, that was the actual first US dollar to ever be minted. The Draped Bust Dollar has a fineness of 89.2%, due to the Mint Director's desire to keep it in line with the legalized silver amount.

Seated Liberty Dollar

The Seated Liberty Dollar was the last dollar to be struck, before the Coinage Act of 1873, thus ending the production of the dollar for American commerce. Only the Philadelphia and New Orleans Mints produced the Seated Liberty Dollar and at times, struggled to find enough silver for the dollar. During the California Gold Rush, silver became just as valuable as gold and that caused investors to hoard their silver, instead of it being sold to the US Mint. The Seated Liberty Dollar was minted from 1840-1873.

Trade Dollar

Created to improve trading with China, the Trade Dollar was minted from 1873-1885. Countries were impressed by the Spanish Silver Dollar that contained a silver purity that also made trading with China and East Asia simpler. The San Francisco, Carson City, and Philadelphia Mints all produced the Trade Dollar but San Francisco minted the highest amount, mainly because of its location being more approximate to China. Most Trade Dollars contain 'chopmarks,' which are stamps put on the coins, in China, to verify their weight and value. The Trade Dollar contains 90% silver and was designed by William Barber.

Morgan Silver Dollar

George T. Morgan was an English engraver, who is responsible for designing some very famous coins, especially the Morgan Silver Dollar. Morgan was an assistant engraver for 30 years before he was announced the Chief Engraver for the United States Mint.

The Morgan Silver Dollar began its journey as a minted coin in 1878, after a bill was passed, abruptly ending the production of the Seated Liberty. In those first years, there were many bills passed and vetoed, as the government tried to regulate the amount of silver being mined. The government also had silver reserves that were only to be used to melt and mint silver dollars. Those reserves ran out in 1904 and just like that, the Morgan's production also came to an end. It wasn't until 1918 that the reauthorization of the minting and mining of silver coins was passed. The Morgan dollar had one last hoorah in 1921 before the Peace dollar became the new silver dollar.

The Morgan Silver Dollar was minted from 1878 to 1904 and again in 1921. Morgan Dollars are one of the most popular U.S. coins among collectors. Each Morgan Dollar has a fineness of .900 and a total silver content of 0.77344 troy ounces per coin.

Peace Dollar

In its first year of mintage, the Peace Silver dollar was only minted by the Philadelphia Mint. To get the 1921 issue out, before the year of 1921 was over, the first Peace dollar was struck in mid-December of 1921. Although the mint tried to restart the Morgan silver dollar, many lobbied for a change in design that would memorialize the peace after World War I. After many design flops, the Goddess of Liberty was chosen for the obverse of the Peace dollar. Just over one million Peace dollars were minted in 1921, by the Philadelphia Mint.

Peace Dollars were minted between 1921 and 1928 and again between 1934 and 1935. They were designed to be the successor of the Morgan Dollar but were not minted until after the Morgan Dollar was minted for a second and final time in 1921. The Peace Dollar was the last silver dollar minted for circulation in the U.S.

Eisenhower Dollars

Being the first coin minted with the one dollar denomination since the Peace dollar, the Eisenhower's popularity took off. Honoring Eisenhower, who passed in 1969, a legislation was passed that allowed his face to be on the obverse on the new dollar. Since the bullion prices were increasing, in 1965, the US Mint was forced to use a copper-nickel combination that cut the amount of silver needed for the coins. The only Eisenhower Dollars that contain 40% silver are the silver proof coins and can still tarnish over time, if not stored properly. The Eisenhower Dollars were minted from 1971-1978.

Susan B Anthony

After the less than impressive reaction for the Eisenhower Dollar, the US Mint wanted to mint something smaller but still with the same face value of $1. Keeping the same reverse as the Eisenhower Dollar, the obverse was going to depict Lady Liberty. After much deliberation, the famous social reformer, Susan B. Anthony, was given the honor of having her picture on the new dollar. The US Mint produced over 500 million over the span of a few years, with very little excitement from the public. The Philadelphia Mint went over 200 years without placing a mint-mark on its coins but began the 'P' mint-mark with the Susan B. Anthony Dollar. Since it was smaller, many people confused it with the quarter, and the main use became for vending machines and mass transit transportation fare. The Susan B. Anthony Dollars were minted from 1979 to 1981 and in 1999. These coins were replaced by the Sacagawea Dollar in 2000.

Sacagawea Dollar

After the success of the Peace silver dollar, the US Mint wouldn't produce a dollar for another 35 years. After the disappointing reaction to the Eisenhower and Susan B. Anthony Dollars, the US Mint produced the Sacagawea Dollar with lower expectations. Sticking with the smaller size, making for easier transactions, the US Mint didn't overproduce the Sacagawea Dollar. Limiting the number put into actual circulation, the US Mint started production of the Sacagawea in 2000. The obverse displays a portrait of the famous Shoshone Native American hero, who helped guide the Lewis and Clark Expedition.

Presidential Dollars

The presidential $1 dollar program began on January 1, 2007 and continued for over 10 years. All of the US Presidents that have been deceased, for at least 2 years, will be honored in this program. In 2016, the program halted since there were no more deceased presidents to honor.