Introduction to the 1799 Draped Bust Silver Dollar

The 1799 Draped Bust Silver Dollar is a symbol of early American identity, struck just 23 years after the Declaration of Independence. As part of the Draped Bust Dollar series (1795–1804), this coin reflects the artistry, ideals, and craftsmanship of the fledgling U.S. Mint in Philadelphia.

Graded XF40 by PCGS (Professional Coin Grading Service), this example retains bold design features with even, honest wear—making it a desirable collector-grade coin for those who value originality and historical appeal.

Historical Background

Authorized by the Coinage Act of 1792, the U.S. Mint began striking silver dollars in 1794. The Draped Bust design, introduced in 1795, replaced the earlier Flowing Hair motif and remained in use through 1804. The 1799 issue was struck during the presidency of John Adams, in an era when the U.S. economy was evolving and coinage was gaining trust in both domestic and international trade.

The silver used to strike these coins came from deposited bullion—often provided by private citizens or foreign merchants. Each piece of silver dollar coinage was a representation of the country’s commitment to sound money and international respect.

Design and Varieties

• Obverse Design:

  • Features the graceful Draped Bust of Liberty, designed by Robert Scot, the first Chief Engraver of the U.S. Mint.

  • Liberty faces right, framed by flowing hair and drapery, with the inscription “LIBERTY” above and the date “1799” below.

  • Thirteen stars surround Liberty, representing the original colonies.

• Reverse Design:

  • Two distinct types exist for this year:

    • Heraldic Eagle Reverse: A bold eagle with outstretched wings, holding an olive branch and arrows, shielded at the breast, and surrounded by stars beneath clouds.

    • Small Eagle: Rare and less common for this date. Most 1799s feature the heraldic eagle design.

  • Inscriptions include “UNITED STATES OF AMERICA.”

• Specifications:

  • Composition: .8924 silver, .1076 copper

  • Weight: 26.96 grams

  • Diameter: 39–40 mm

  • Edge: Lettered (“HUNDRED CENTS ONE DOLLAR OR UNIT”)

These striking design elements give the 1799 Draped Bust Dollar its timeless appeal and numismatic prestige.

Graded PCGS XF40

The PCGS XF40 grade signifies that this coin has strong eye appeal, bold device details, and moderate wear—mainly on the high points of the design. It retains a good amount of original design detail and is well-struck for the issue.

Collectors prize XF-grade coins for offering an ideal mix of affordability and aesthetics, particularly in early American coinage, where Mint State examples can command massive premiums.

Numismatic Significance

The 1799 Draped Bust Silver Dollar is a landmark in U.S. coinage with enduring popularity due to its:

1. Historical Context:

   • Minted during the Adams administration, this coin was part of the foundational years of U.S. economic independence.

2. Iconic Design:

   • The graceful Draped Bust and powerful Heraldic Eagle represent the young nation’s aspirations.

3. Scarcity and Collector Demand:

   • While more 1799 examples survive compared to earlier dates, they remain scarce, especially in collectible condition.

4. Legacy of the U.S. Mint:

   • These coins were among the first regularly issued silver dollars, paving the way for American monetary credibility.

Why Add the 1799 Draped Bust Dollar to Your Collection?

• Early American Heritage:

  • Own a tangible piece of the 18th-century United States.

• Iconic Series Appeal:

  • The Draped Bust series is one of the most celebrated and historically rich in U.S. numismatics.

• Attractive Grade:

  • XF40 offers excellent detail with lower cost than AU or Mint State examples, making it ideal for long-term collectors.

• Stable Market Demand:

  • These coins remain highly liquid and desirable across the numismatic world.

Whether you're building a U.S. type set or curating a collection of early Federal coinage, the 1799 Draped Bust Dollar is a cornerstone acquisition.

Preservation and Display Tips

• Storage:

  • Keep in its original PCGS holder for authentication and protection.

• Handling:

  • Always handle by the holder or use gloves—never touch the raw coin.

• Display:

  • Consider using a display case or frame with UV protection for visual impact and preservation.

These best practices will help you maintain the coin’s integrity and value.

A Legacy Coin of American History

The 1799 Draped Bust Silver Dollar is more than just a collectible—it is a reflection of the nation’s founding years. Its silver content, artistry, and historical significance make it one of the most desirable U.S. coins ever produced.

With a PCGS XF40 grade, you’re acquiring a coin with deep historical roots, aesthetic appeal, and a strong market presence.

The information provided is for entertainment and educational purposes only. For specific financial advice, please consult your financial adviser.

Conclusion

The 1799 Draped Bust Silver Dollar, graded PCGS XF40, is a true icon of American coinage. With its elegant design, historical weight, and strong collector demand, it represents a powerful addition to any serious collection.

Secure this historic silver dollar today and own a piece of early American legacy that continues to inspire collectors worldwide.

Guaranteed safe checkout: PAYPAL | VISA | MASTERCARD