From about 1858 to 1860, restrikes of the 1804 Draped Bust Dollar were produced, which came to be known as “Class II” or “Class III” specimens. The coins, bearing a plain edge and slightly different reverse than the lettered-edge originals, were traced to four collectors who surrendered them. Thus, we find three classes of 1804 Silver Dollars. This variety of the 1804 Draped Bust Silver Dollar is an Original Strike Proof with the Class I (Class 1) reverse. More importantly, only eight Class I examples are known, and only two Class I examples have graded higher than the PCGS PR65 Dexter/Pogue 1804 Dollar. The strike is similar to that seen on other Class III 1804 dollars, with much boldness of detail despite the assigned grade. A 20 percent buyer’s premium is added to bid for the price realized. Twitter. Some were brought back by service personnel returning from the Vietnam War. However, the State Department did carry out further directives concerning the number of proof sets to be assembled. Would he strike only the eight coins in production in 1834, which included the half cent, one cent, half dime, dime, quarter, half dollar, quarter eagle, and half eagle? The 1933 Santa Monica Breakwater So-Called Dollar, The 2007 Desegregation Commemorative Dollar & The Little Rock Nine. 1804 Class I Silver Dollar A silver dollar coin manufactured in the United States. All rights reserved, Eliasberg 1913 5-cent coin brings $4.56 million, Market Analysis: 1894-S Barber dime leads bidding at Heritage auction of Simpson Collection, Stickney-Eliasberg ‘Original’ 1804 dollar heads to fall auction, Royal Mint unveils commemorative coins for multiple UK anniversaries in 2021, This $20 error note headed to auction is absolutely bananas, CNG to auction Peter J. Merani Collection in January sale, Buy & Sell Coins Online at the Coin World Marketplace. The eight specimens struck during the 1830s (and given originally to Asian rulers) are considered "originals" and constitute the Class I group. Website highlights satirical note linking to Panic of 1837, Expect Jan. 11 deliveries of 2021 American Eagle bullion coins. Though some light wear is evident … By tradition, all are categorized as “Proofs.” They are certainly not business strikes. An 1804 silver dollar - or bowed liberty dollar - is an extremely rare United States coin. Due to the draped “Bust of Liberty”. Ever since 1842, the 1804 dollar has held a mythical place in American numismatics. The unusual history of the 1804 dollar extends to the details of when and how the coins were struck. However, the coin’s history is favorable for such an outcome down the pike. 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. Roster of 1804 Dollars The 15 known 1804 silver dollars include eight examples of Class I, one of Class II, and six of Class III. You can be certain that every 1887-CC Morgan dollar is counterfeit because the Carson City mint did not make any silver dollars in 1887 including 1886 and 1888. No crystal ball exists to definitively answer that question. These 1804 dollars are known as Class I (had lettering on the edge) and only 8 are known to exist. Ever since 1842, the 1804 dollar has held a mythical place in American numismatics. It is a coin of great history, coined in 1834 to distribute as an official gift from the United States of America to foreign heads of state. Six more sets were created beyond the two for the King of Siam and Sultan of Muscat. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. Contact the seller- opens in a new window or tab and request a shipping method to your location. It was alleged that he produced the unique coin by striking the 1804 dies over a modified 1857-dated Swiss Shooting Thaler (coin issued for the Shooting Festival in Bern). How much are they Worth? Demand for an 1804 Silver Dollar goes back to the 1850’s. U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. Like us on Facebook The highest price realized this year was earned by the Proof-65 (PCGS) 1804 Class I Original Draped Bust dollar that sold for $3,360,000, setting a new record for this grade level. According to collectibles math, that equates to a rare and valuable prize. Follow us on Twitter, A Proof 65 Class I 1804 Draped Bust silver dollar brought $3,360,000 while a CAC-stickered 1894-S Barber dime realized $1,440,000, showing the resilience of the high-end of the rare coin market on Dec. 17, By George, there’s a new reverse for the quarter. For there are few coins in the American catalogue that have been so much talked about, speculated over and extensively researched as this iconic coin. Matthew Stickney was the first collector to obtain an 1804 silver dollar by trading an Immune Columbia gold piece. A Genuine 1804 Dollar; A Counterfeit 1804 Dollar; With the many email inquiries we receive regarding the 1804 Dollar we thought it would be helpful to show a real one against a fake. It’s unknown how many were made, but six are accounted for today and are categorized as Class III 1804 Draped Bust Dollars. 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. Bowers, Q. D. (1999). This variety of the 1804 Draped Bust Silver Dollar is an Original Strike Proof with the Class I (Class 1) reverse. Today, only 15 1804-dated Silver Dollars are known to exist. The 1804 Silver Dollar is a United States dollar coin considered to be one of the rarest and most famous coins in the world, due to its unique history.Fact|date=June 2008 Divided into "Classes," 15 specimens are known. The Rare Silver Dollars Dated 1804 and the Exciting Adventures of Edmund Roberts. OGH. These were only available from early 1964 to 1969 before cupro-nickel clad coins became the norm in the US. Or would he produce proof examples of all ten coins authorized under the Mint Act of 1792, which additionally encompassed the one dollar and eagle coins? It was conceived as a goodwill gesture to be coined alongside several other pieces that would be presented to world dignitaries, in special proof sets, as diplomatic gifts. Perhaps the inquisitive mind then begs the question, “If there are Class I 1804 Dollars, are there other classes of 1804 Dollar, too?” Keeping It Classy Thus, identifying an 1804 counterfeit can be quite straight forward. Therefore, the PCGS3000® should only be used as one guide to rare coin prices and historical price movements, and not as the sole source for determining the value or market history of a particular coin. Restrikes of the original 1804 Dollar were produced, though according to some experts under largely spurious auspices. This coin was illegally struck by Mint employee Theodore Eckfeldt and sold to a collector in Philadelphia. What is 1804 Class I Silver Dollar? The only Class II known to exist has no lettering and is part of the Smithsonian coin collection. 1804 silver dollars marked new auction records all the way through the 1980s as prices rose steadily, first to five digits in the 1960s, then to the upper six-digit range by 1989, when the Dexter Class I Original sold for $990,000. The 1804 silver dollar was also produced from 1858 - 1860 by a rogue Philadelphia Mint employee who found the mold and cast a … By Joshua McMorrow-Hernandez - PCGS The Standard for the Rare Coin Industry. BB-306. While no documentation from that period is known suggesting if any further orders were given to this effect, it’s apparent that Director Moore and possibly others involved with the creation of the proof sets erred on the side of inclusion. 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. These include two that had been slated for delivery to the Mikado of Japan and the Emperor of Cochin-China and an additional four sets prepared for other leaders whom the United States government may have eventually courted for trade talks. 1804 Silver Dollar (Class III) obverse.jpg 900 × 905; 928 KB. Bidding opened at $2.6 million, followed by a bid of $2.7, with a phone bid of $2.8 million capturing the prize. 8 comprise Class I, which were minted in 1834. The official Mint records say that 19,570 dollars were struck in 1804, but only 15 known specimens have survived since that time. Images courtesy of HeritageAuctions.com. 1804 Class I Silver Dollar Replica Archival Edition . The King of American Coins: An 1804 Silver Draped Bust Dollar Sells for $1,000,000 by Stack's Bowers - YouTube. Counted among these rare treasures are the 1909-S VDB and 1955 Doubled Die Lincoln Cents, 1913 Liberty Head Nickel, 1894-S Barber Dime, and 1933 Saint-Gaudens Double Eagle. It is also known as the draped bust silver dollar. Second Reverse. 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 Class I Dexter/Pogue specimen 1804 Draped Bust U.S. Silver Dollar. NGC Universal ID: 24XH. 1804 Silver Dollar - Class I - US Mint Specimen, via Wikipedia. This item will ship to United States, but the seller has not specified shipping options. The finest known “Class I” 1804 Silver Dollar is the so-called Watters-Childs specimen, graded by PCGS as PR-68. The highest-graded Class I 1804 Dollar, PCGS PR68, nearly set the world record for most expensive coin to … In fact: This coin was struck in 1834 through 1835 for use in presentation proof sets. Liberty's tresses and the eagle's feathers are all appropriately presented, and the … Class III examples were made after 1857 - they all have lettered edges and a rust pit in the afore-mentioned place on the … Pinterest. It is nearly equal in fame to the 1804 dollar, with a mintage of just 24 coins, of which nine are confirmed today. The collection of 1804 Silver Dollars consists of three classes. 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." Graded Proof 65 by Professional Coin Grading Service, it is among the finest-known of the “King of American Coins: and represents the Class I type, struck around 1834, as opposed to Class II and III examples that were struck several decades later to satisfy collector interest. The NGC Universal ID is a four digit alphanumeric that groups coins based on a unique combination of date, mintmark, denomination and striking process (MS, PF, or SP). Dallas. They were produced at the San Francisco Mint to coin remaining silver from melted coins of older designs. The treaty with Siam provided free trade along with other policies, and was concluded on March 20, 1833 … The idea for the 1804 Draped Bust Dollar traces back to President Andrew Jackson, who ordered the special sets be assembled and given to certain heads of state with whom the United States wished to arrange trade deals and forge other geopolitical alliances. Facebook. The Early Dollars category has the distinction of including two of the rarest United States coins ever minted – the 1794 Flowing Hair Silver Dollar and the 1804 Silver Dollar. Demand for an 1804 Silver Dollar goes back to the 1850’s. These are the … Walter … 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. ISBN 0-943161-82-7; Breen, W, (1988). The 1804 silver dollar is one of the most publicized of US coins. Home » Silver Dollars » Draped Bust Dollar (1795-1804) » 1804 Draped Bust Silver Dollar » 1804 BB-306 Class III Post-1858 Proof Strike Draped Bust Silver Dollar. Predating the birth of many other more modern U.S. rarities, the 1804 Dollar and its story originates not in 1804 as the rarity’s familiar date may suggest but rather some 30 years later, in 1834. Class I 1804 silver dollars have regularly set one coin auction record after another over the last century and a half. Heritage Numismatic Auctions. 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