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CoinWeek Giveaway # 657 Sponsored by…
CoinWeek Giveaway: Win a Perfect PF-70 Spanish Tribute to America’s First Dollar
Before the United States struck its first silver dollar, Americans already knew what a dollar looked like.
For generations, Spanish silver eight-reales coins moved through the American colonies. Merchants trusted them. Consumers spent them. Their consistent silver content made them dependable money in an economy that often lacked enough coin.
Eventually, that familiar Spanish “milled dollar” helped shape the monetary system of the new United States. Today, one remarkable modern coin brings those two numismatic worlds together.
This week’s CoinWeek Giveaway features a 2025 Spain First American Dollar 10 Euro silver Proof, graded NGC PF-70 Ultra Cameo.
From the Piece of Eight to America’s First Dollar
The Royal Spanish Mint issued the coin for its series celebrating the 250th anniversary of the United States Declaration of Independence. The program also highlights Spain’s financial, logistical, and military contribution to the American cause during the Revolutionary War.
However, the coin tells an even deeper monetary story.
Spanish milled dollars circulated widely throughout colonial America. Their influence became so great that the young United States adopted the dollar as its monetary unit. The Coinage Act of 1792 established a federal silver dollar closely tied to the familiar Spanish standard. Spanish dollars also continued to circulate in the United States for decades afterward.
Then came the coin that changed American numismatics forever.
On October 15, 1794, the Philadelphia Mint struck the first United States silver dollars. Chief Engraver Robert Scot placed a flowing-haired Liberty on the obverse and an eagle inside a wreath on the reverse. The Mint produced just 1,758 Flowing Hair Dollars that year.
More than 230 years later, Spain reunited those two monetary traditions in silver.
Two Dollar Traditions on One Modern Coin
The modern coin’s obverse reproduces both sides of the historic Flowing Hair Dollar. The surrounding inscriptions include FIRST AMERICAN DOLLAR, REVOLUTIONARY WAR, ESPAÑA 2025, and a reference to the 250th anniversary of the Declaration of Independence.
Meanwhile, the reverse reaches back to Spain’s famous Columnario, or Pillar Dollar. The design shows the Pillars of Hercules beside two crowned globes. Below appears VTRAQUE VNUM, traditionally translated as “Both are One,” symbolizing the Old and New Worlds. The reverse also carries the €10 denomination and Madrid’s crowned “M” mintmark.
Congress finally ended the legal-tender status of foreign coins in 1857, closing an extraordinary chapter in which Spanish silver helped keep American commerce moving.
A Perfect PF-70 Ultra Cameo Proof
The Royal Spanish Mint struck this commemorative in .925 silver at a weight of 27 grams and a diameter of 40 mm. The Mint set the maximum mintage at only 10,000 pieces.
NGC graded the CoinWeek Giveaway example PF-70 Ultra Cameo. NGC defines a 70 as showing no post-production imperfections at 5x magnification. Moreover, the Ultra Cameo designation recognizes deeply mirrored fields and heavily frosted devices on both sides.
That makes this giveaway coin much more than a beautiful modern Proof. It connects the Spanish piece of eight, the birth of the American dollar, the Revolutionary era, and America’s 250th anniversary in one remarkable silver coin.
Coin Specifications
- Country: Spain
- Year: 2025
- Denomination: 10 Euro
- Series: 250th Anniversary – Spain and the Independence of the United States
- Composition: .925 Silver
- Weight: 27 grams
- Diameter: 40 mm
- Finish: Proof
- Maximum Mintage: 10,000
- Grade: NGC PF-70 Ultra Cameo
- Catalog Number: KM-1597
Entries into our Contest are accepted from Sept. 5th until 8 AM on Saturday Sept. 12th, 2026
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List of Winners over the past 11 Years
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