\n\n\n\nIn a young United States, the failed Continental paper currency created a distrust of paper money among the populace at large. Thomas Jefferson stated a desire to forgo paper money, and instead mint coins of similar value to coins of similar value to foreign coins circulated at the same time. This resulted in the Coinage Act of 1792 authorizing the production of dollar coins from silver. $10 Eagles first appeared in the Fall of 1795, less than two months after the $5 half eagles debuted. Both were designed by Chief Engraver Robert Scot, and feature Liberty wearing a cloth cap, facing right, with the legend LIBERTY above and the date below.