The 1804 class I or “original” draped bust silver dollars are widely known as the “King of American Coins”, and with good reason. Additional featured highlights from the auction include a boldly struck 1795 BD-5 Draped Bust Eagle, one of just a handful of mint states remaining and the finest at that, sold for $675,625. While not presently the priciest coin around, the 1804 Draped Bust Dollar has many times eclipsed price records – often its own – to claim the lofty title as the world’s most valuable coin. Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar coin is a fake. Some were brought back by service personnel returning from the Vietnam War. A Dollar in Three Classes. Meaning of 1804 Class I Silver Dollar as a finance term. Bowers, Q. D. (1999). These eight 1804 Dollars, struck sometime around 1834 or 1835, would eventually become known as “original” 1804 Dollars or, more taxonomically speaking, Class I Dollars. While the sole Class II Draped Bust Dollar will remain, presumably for the ages, in the Smithsonian Collection, all non-institutional examples of the Class I and Class III Draped Bust Dollars trade for seven-figure sums. Other commonly counterfeited dollars are the 1887-CC Morgan dollar, and Trade dollars dated 1799 or 1872. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. These astute collectors began inquiring about the 1804 Draped Bust Dollar, only to learn that indeed a very small number had been minted in proof format. The 1804 dollar was a dollar coin struck by the Mint of the United States, of which fifteen specimens are currently known to exist.Though dated 1804, none were struck in that year; all were minted in the 1830s or later. The cataloger adds that the 24 1894-S Barber dimes were struck on June 9, 1894, with three going to assay and others “unceremoniously placed into a bag of earlier dated dimes and released into circulation,” with the diminutive mintage listed. The Rare Silver Dollars Dated 1804 and the Exciting Adventures of Edmund Roberts. The unusual history of the 1804 dollar extends to the details of when and how the coins were struck. History These IDs are a simple organization of all coins prior to variety attribution and grading. A 20 percent buyer’s premium is added to bid for the price realized. At the time, the 1804 Dollar was the most expensive coin in the world, a title it held for years but has since relinquished to a PCGS SP66 1794 Flowing Hair Dollar that sold for $10,016,875 in January 2013. The present Mickley specimen brought the staggering sum of $750-a record for the entire 1860s-when legendary collector William A. Lilliendahl bought it from the 1867 W.E. The King of American Coins: An 1804 Silver Draped Bust Dollar Sells for $1,000,000 by Stack's Bowers - YouTube. Facebook. Website highlights satirical note linking to Panic of 1837, Expect Jan. 11 deliveries of 2021 American Eagle bullion coins. Coin Specifications. The 1804 silver dollar was also produced from 1858 - 1860 by a rogue Philadelphia Mint employee who found the mold and cast a … The 1804 Class II silver dollar is the crown jewel - a priceless unique one-of-a-kind coin now held by the Smithsonian Institute. These two pieces plus six others make up the entire known population of 1804 Class I silver dollars. The replicas have little worth as collectors’ items, with their silver content fetching them a price of current melt values and … Selling for $4.1 million dollars in August 1999, the specimen of the “King of U.S Coins” is the worlds best-known example of an 1804 Silver dollar. Ever since 1842, the 1804 dollar has held a mythical place in American numismatics. What is 1804 Class I Silver Dollar? Class II and III coins were supposedly minted in the 1850s. Contact the seller- opens in a new window or tab and request a shipping method to your location. It has historically been considered a Branch Mint Proof issue, despite little evidence that examples were struck from polished dies on polished planchets, and this is the third-finest-known, identified by a lint mark in the obverse field between Liberty’s chin and neck. The King of American Coins The United States Silver Dollar of 1804 Famous Berg-Garrett Specimen of the 1804 Silver Dollar In the Garrett Family Collection 1883 to 1942 Class III Circa 1859 1804 Draped Bust Silver Dollar. Part of the King of Siam Set (the following pedigree information is for the co… One specimen, a Class I specimen graded PCGS PR68 and pedigreed to the Sultan of Muscat, took $4,140,000 in August 1999. You are requested, therefore, to forward to the Department for that purpose, duplicate specimens of each kind now in use whether of gold, silver, or copper." 415.3 grains. Eventually, those that had not been transferred overseas in the diplomatic arrangements made their way into the hands of some of the most sophisticated collectors of their day. Other early private stewards of the 1804 Dollar include S.H. The United States Mint struck only dollars dated 1803 in 1804, and then ceased regular production of silver dollars until 1840.
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