The United States Mint marks a milestone today at noon ET, releasing the 230th Anniversary Flowing Hair High Relief Gold Coin — a tribute to America’s first dollar coin.
Struck from 99.99% gold at the U.S. Mint’s West Point facility, the 1.000 troy ounce proof coin features designs in high relief, significantly enhancing their level of detail.
The original dollar we know today as the Flowing Hair silver dollar was first issued on October 15, 1794, under the guidance of Mint Director David Rittenhouse. The coin’s design was created by Mint Chief Engraver Robert Scot.
In October, the U.S. Mint issued the 230th Anniversary Flowing Hair Silver Medal as an additional nod to the legacy of America’s first dollar coin. The medal remained available for just over 24 hours before going off sale. Secondary market demand has been strong, particularly for the 1,794 medals featuring a "230" privy mark and the 230 that includes both the privy mark and a certificate of authenticity hand-signed by the Honorable Ventris C. Gibson, Director of the United States Mint.
None of today’s offered gold coins, limited to 17,500, will feature a privy mark, although the Mint has indicated it will later auction 230 examples bearing one.
Flowing Hair High Relief Gold Coin Designs and Specifications
Modern yet faithful renditions of Robert Scot’s designs appear on both the obverse (heads) and reverse (tails) sides of the 24K gold coin. After a brief introduction, the following U.S. Mint video provides more detail on the reproduction of these designs.
Re-sculpted by Mint Medallic Artist John P. McGraw, the obverse features a portrait of Liberty facing right, surrounded by 15 stars representing the states that had ratified the Constitution by 1794. "LIBERTY" is inscribed on the obverse as it was on the original, joined by "2024" to mark this year’s date.
Re-sculpted by Mint Medallic Artist Eric David Custer, the reverse design shows a laurel wreath encircling an eagle with spread wings at the center, accompanied by the inscription "UNITED STATES OF AMERICA."
The coin’s denomination is incused on the edge as "HUNDRED CENTS ONE DOLLAR OR UNIT."
The U.S. Mint has provided the following specifications for the coin:
2024 Flowing Hair Gold Coin Specifications
| Denomination: | $1 |
|---|---|
| Finish: | Proof |
| Composition: | 99.99% gold |
| Weight: | 1.000 troy ounce |
| Diameter: | 1.205 inches (30.61 mm) |
| Edge: | Lettered |
| Mint and Mint Mark: | West Point – None |
| Privy Mark: | None |
Ordering and Price
The 230th Anniversary Flowing Hair High Relief Gold Coin can be ordered directly from the U.S. Mint starting at noon ET for $3,640 by visiting the Mint’s website page dedicated to gold coins. An initial household order limit of one applies.
Each coin is encapsulated and presented in a black clamshell case adorned with the United States Mint seal, housed within an outer sleeve featuring a gold-embossed image of the Flowing Hair dollar. A certificate of authenticity is also included.
I Did some preliminary calculations and for the 17,500 coins to sell out in three minutes they would have to have sold 97.2 to the seventh power, per second
To sell all 17,500 metals.
Do the math!