A dollar
No, the 1795 Draped Bust Silver Dollar is not magnetic. It is made of silver, which is not a magnetic material. If a silver coin were to stick to a magnet, it would likely be a counterfeit or have some type of magnetic coating.
Please look the coin again, the US Mint did not exist in 1775 and the first Draped Bust dollar was produced in 1795.
The coin is a 1878 Morgan silver dollar and is common with values of $17.00-$31.00 in average circulated condition
A real 1796 Draped Bust dollar depending on type and condition has values from $1,300.00 to about $100,000.00
I have a Sgt Tommy Prince-Red River Indian silver dollar-1978-Winnipeg,Canada On the front is his bust wearing a Beret -1915_1977
A real 1796 Draped Bust dollar depending on type and condition has values from $1,300.00 to about $100,000.00
Miss Liberty faces the right on a 1797 Draped Bust dollar.
A real 1796 or 1797 Draped Bust dollar has values from $1,300.00 to about $100,000.00 dependong on type and grade.
A real 1796 Draped Bust dollar depending on type and condition has values from $1,300.00 to about $100,000.00.
Flowing Hair, Draped Bust, and Gobrecht silver dollars contain .8924 oz. Pure silver. Trade dollars contain .7874 oz. pure silver Liberty Seated , Morgan and Peace dollars contain .77344 oz. pure silver. Eisenhower silver dollars contain .3161 oz pure silver . American Silver Eagles contain a full oz. pure silver
A US dollar coin dated 1797 is a Draped Bust dollar. If you actually have a dollar coin dated 1797, take it to a coin dealer for an accurate assessment. The coin is rare.