In 1801, 20,000 people arrived in Bourbon County, Kentucky, for a nine day long revival put on by the Cane Ridge Presbyterian Church. Three evangelistic Christian groups sprouted out of this giant meeting that is known as the most significant revival of the Second Great Awakening. Could this 1801 silver dollar have attended the Cane Ridge Revival?
First used on the Quarter Eagle in 1796, Robert Scot's rendition of the Great Seal of the United States took its place on the Silver Dollar beginning in 1798. This Large Eagle reverse, as it has since become known, replaced the Small Eagle motif that had originally been mated with the Draped Bust obverse. The new design would remain in use until President Thomas Jefferson suspended Silver Dollar production early in the 19th century.
The Draped Bust, Large Eagle Silver Dollar is one of the classics of U.S. numismatics. Harkening back to the earliest years of our nation, these large silver coins are windows into the United States of the founding fathers. The 1798, 1799 and 1800 are the most frequently encountered Draped Bust, Large Eagle Silver Dollars in today's market. The 1801, 1802 and 1803 are scarcer. The 19,570 Silver Dollars delivered in 1804 were struck from 1802 and/or 1803-dated dies.
In addition to type and date collecting, variety specialization is a popular way to pursue the Draped Bust, Large Eagle Silver Dollar series. Since the Mint used multiple individually engraved dies to strike each issue of this type, the astute numismatist can often discern bold naked-eye differences between examples bearing the same date. Many of the die marriages in this series are rare and command significant premiums in the market.