The 1900 Lafayette Memorial Silver Dollar stands as a significant piece of U.S. numismatic history, commemorating the bond between the United States and France while honoring the contributions of General Marquis de Lafayette. As the first U.S. coin struck specifically to commemorate an individual, this silver dollar carries historical, artistic, and cultural importance. Its story intertwines with the dawn of the 20th century, making it a prized collectible for numismatists.
Historical Context
Minted in 1899 and dated 1900, the Lafayette Dollar was issued to support the creation of a statue honoring Marquis de Lafayette in Paris. Lafayette was a French aristocrat and military leader who played a pivotal role in aiding the American colonies during the Revolutionary War. His efforts symbolized the enduring friendship between France and the United States.
The coin’s release coincided with the 1900 Paris Exposition, a world’s fair that celebrated technological and cultural achievements. Proceeds from the sale of the coins helped fund the Lafayette statue, a gift from the American people to France.
Design and Symbolism
The Lafayette Dollar was designed by Charles E. Barber, the Chief Engraver of the U.S. Mint at the time. The obverse features conjoined busts of George Washington and Lafayette, signifying the close relationship between the two nations. Lafayette’s portrait was modeled after Houdon’s famous bust, while Washington’s depiction was based on a well-known painting by Gilbert Stuart.
The reverse of the coin showcases a rendition of the Lafayette equestrian statue that would later be erected in Paris. The inscription “United States of America” encircles the top, along with the denomination “One Dollar” and the phrase “Erected by the Youth of the United States in Honor of Gen. Lafayette” at the bottom. The design emphasizes the themes of gratitude and unity.
Mintage and Rarity
The Lafayette Silver Dollar had a relatively low mintage of 50,000 coins, struck exclusively at the Philadelphia Mint. This modest production makes it one of the scarcer early commemorative silver dollars, though most examples were sold to collectors and preserved in good condition.
Despite the initial enthusiasm surrounding the coin, not all 50,000 pieces sold during its release. Many were retained by the mint for years and eventually released into circulation, where they saw limited use. Consequently, uncirculated examples remain more common than heavily worn coins, though high-grade specimens, especially those graded MS65 or higher, are particularly desirable.
Value and Collectibility
The Lafayette Dollar is a cornerstone of any U.S. commemorative coin collection. Its value depends on factors such as condition, luster, and certification. Circulated examples typically sell for $500 to $1,000, while mint-state coins can command $1,500 to $10,000 or more, depending on grade.
Its historical significance, coupled with its low mintage and unique design, ensures continued demand among collectors. As the only U.S. coin to feature Lafayette, it holds a unique position in American numismatics.
Conclusion
The 1900 Lafayette Memorial Silver Dollar is more than just a commemorative coin—it’s a testament to the enduring friendship between two nations and a tribute to Lafayette’s role in the American Revolution. With its rich history, distinctive design, and scarcity, this coin remains an enduring favorite among collectors and historians alike. Whether as a piece of history or an investment in numismatics, the Lafayette Dollar is truly exceptional.
FAQs
1. Why was the 1900 Lafayette Memorial Silver Dollar minted?
The coin was minted to commemorate Marquis de Lafayette’s contributions to the American Revolution and to fund a statue of Lafayette in Paris as a gift from the American people.
2. How rare is the 1900 Lafayette Memorial Silver Dollar?
With a mintage of only 50,000 coins, it is relatively scarce. High-grade uncirculated examples are especially valuable and sought after by collectors.
3. What is the value of a 1900 Lafayette Memorial Silver Dollar?
Circulated examples typically sell for $500 to $1,000, while uncirculated coins can fetch $1,500 to $10,000 or more, depending on their condition and grade.