The denomination of the silver dollar did not proceed until 1794. This was mainly due to an issue related to the requisitioning of the needed silver. Thomas Jefferson, being the secretary of the State had been responsible for the country’s Mint. This however brought him to a personal conflict with Alexander Hamilton, who at that time was the Secretary of the Treasury. Due to this fact Hamilton wasn’t eager to assist in the needed requisitions for bullion, meant for striking silver dollar coins.

No one knows for sure, but it seems that dies for the Flowing Hair silver dollar were probably produced as late as September 1794. Robert Scot, who was at that time a Mint Engraver, was the one to create the design of the initial U.S. silver coins. Thus he was the one to design the Flowing Hair silver dollar.

Probably Robert Scot may have used the eagle design developed by Engraver Joseph Wright. It is worth mentioning that the eagle design refers to the 1792 pattern quarter dollar coin, where the eagle was engraved on the reverse side.

The primary silver dollar coins were made of 8924 fine silver alloyed with copper, the weight of which was 26.96 grams. Silver dollar coin’s diameter is around 40 millimeters, having a lettered edge that said HUNDRED CENTS ONE DOLLAR OR UNIT.

Having in mind that the Spanish colonial American 8-reales coin included 27.07 grams of .903 fine silver, it had to circulate together with the new American silver dollar coin. However, the silver dollar coin still whether circulated at a discount to the Spanish silver dollar or was not accepted as a mean of payment in the U.S. commerce at all.

The Flowing Hair silver dollars, produced in 1794 and 1795 were popular due to their adjustment marks, which could be found along the rim. It is important to note that the quality of some of the planchets, used in these silver dollar coins, was inferior.

People, who look forward to purchase such silver dollar coins, should take into consideration all of these qualities. At the begging the qualitative striking of the first silver dollar coins was quite difficult. Thus, when searching for the coin it is important to look for a weakly struck obverse, located somewhere around 6 o’clock. This also includes a corresponding weakness found on the reverse side of the silver dollar coin at the same point.

The press, which was used in production of silver dollar coin, was, in fact, meant for the production of the half dollar coin.

Thus there was a need to build a new press for silver dollar coins; however, the new press wasn’t created until 1795. Silver dollar coins that were stricken in 1794 are known as being the host planchets for further silver dollar coins, stricken in 1795.

It seems that the Draped Bust with Small Eagle reverse replaced the Flowing Hair design. This took place somewhere in September of 1795, which ended the first ever series of the silver dollar as a 2-year type coin.