Saviours of the Liberty of the World
The American 'Dollar' HK 903 is a historic bronze commemorative medal from 1919, minted in remembrance of the Allied victory in the First World War. This medal belongs to the category of the so-called "So-Called Dollars," a specific group of American medals the size of a silver dollar.
Features and Design
The medal is known as the "Saviours of the Liberty of the World" medal and was designed by the engraver Rene Robert Outhwaite.
- Obverse: Shows the upper half of the Statue of Liberty between Allied flags. Below is an eagle with outstretched wings on a text band with the motto "E Pluribus Unum". The edge inscription reads: “THE Saviours OF THE LIBERTY OF THE WORLD”.
- Reverse: Shows marching American soldiers passing the Arc de Triomphe in Paris, surrounded by a wreath of laurel and oak leaves. Material & Size: The medal is struck in bronze and has a diameter of approximately 44 mm.
Origin and Rarity
Although the medal celebrates American themes, there is debate regarding its exact provenance. According to some sources, the medal was made in Paris for the American market, despite collectors often claiming American production.
The HK 903 is considered quite rare with a rarity rating of R-6 (which typically indicates only a few dozen to hundreds of known examples).
Market Value
The value of an HK 903 medal varies greatly depending on its condition (quality):
- Collector's Market: Prices at specialized dealers such as So-Called Dollar often range between $435 and $595 for high-quality examples (MS 63 or higher).

