Paying homage to the Flowing Hair dollar coin, the first dollar coin issued by the US Federal Government on October 15, 1794, the United States Mint issued a 24-karat High Relief Gold Proof Coin to mark the historic event. 

The path that led to the first Flowing Hair dollar began in the Colonial Period with Thomas Jefferson's direction that the Continental Congress adopt the dollar as the standard money unit for the new nation based on the popularity of the Spanish milled dollar. The Coin age Act of 1792, passed by the United States Congress, thus established the Mint and regulated the coinage of the United States by specifying and regulated the coinage of the United States by specifying coin  contents and denominations. The act further directed that one side of every coin display "an impression emblematic of liberty, with an inscription of the word Liberty, and the year of the coinage; and upon the reverse of each of the gold and silver coins there shall be the figure or representation of an eagle, with this inscription, 'UNITED STATES OF AMERICA.