Value of Class I 1804 Draped Bust Silver Dollar. Class II and III coins were supposedly minted in the 1850s. However, the State Department did carry out further directives concerning the number of proof sets to be assembled. Adams-Carter 1804 Class III Silver Dollar AU58 PCGS The Finest Class III 1804 Available Outside Museums 1804 $1 Class III PR58 PCGS. The United States Mint struck only dollars dated 1803 in 1804, and then ceased regular production of silver dollars until 1840. Upon its infrequent and heralded public offerings, the 1804 Dollar even manages to emblazon evening news headlines. Despite the name, it was actually produced by the US government in 1834 as a diplomatic gift using diecasts from 1804. Perhaps the inquisitive mind then begs the question, “If there are Class I 1804 Dollars, are there other classes of 1804 Dollar, too?”. Ever since 1842, the 1804 dollar has held a mythical place in American numismatics. Between 1858 and 1860, Theodore Eckfeldt, a U.S. Mint employee, illegally produced seven more This is believed to be the example presented to the Sultan of Muscat in 1834. Coin Specifications. 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. Though some light wear is evident … Counterfeits exist of the 1804 Silver Dollar, with some con artists and perpetrators of fraud trying to pass off coins as the real thing. July 15, 2020. It last appeared at auction in Stack’s 65th Anniversary Sale in October 2000 where it sold for $431,250. The set showcased an incredible proportion of condition census examples, many with provenance to the famous sets assembled by Louis Eliasberg and Jack Lee. Definition of 1804 Class I Silver Dollar in the Financial Dictionary - by Free online English dictionary and encyclopedia. Early Dollars (1794-1804). The appearance in 1962 of the set … The official Mint records say that 19,570 dollars were struck in 1804, but only 15 known specimens have survived since that time. Only eight silver dollars were minted in 1834 and have become known as the Class I type. 1804 Silver Dollar (Class III).jpg 4,652 × 2,340; 7.8 MB. 1) 1804 “original” silver dollar, reported mintage 19,570 The story of the 1804 dollar has been told many times. Category: Early Dollars (1794-1804) Mint: Philadelphia: … It is a coin of great rarity, with just eight known Class I Originals. This truly isn't an original coin because it was struck many years after 1804. The Mickley-Hawn-Queller 1804 Silver Dollar Class I Original, PR62 NGC It is currently not the most expensive American coin-merely the most famous The 1804 silver dollar has long been renowned as the King of American Coins. "1804" dollars were actually struck in 1834-35, when the U.S. Department of State decided to give "complete" type sets of U.S. coins, including the 1804 dollar, as gifts to certain rulers in Asia willing to grant trade concessions to the United States. Some were brought back by service personnel returning from the Vietnam War. The strike is similar to that seen on other Class III 1804 dollars, with much boldness of detail despite the assigned grade. Navigate to a new category. Will the 1804 Draped Bust Dollar ever become the world’s most expensive coin again? Mint records state that 19,570 dollars were coined, but, it was the practice in those days to use old dies for as long as they were serviceable, with total disregard in the annual reports for the dating of the coins. My Collection × My Collection. U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. CHECK OUT COINS FOR SALE IN THESE POPULAR CATEGORIES, Stickney Class I 1804 Draped Bust dollar brings $3,360,000, © 2020 Amos Media Company. We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate. But why has it's myth not only persisted but grown over the centuries, why does this particular coin so fascinate us and … Second Reverse. 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. The $3,877,500 paid for the 1804 silver dollar includes a 17.5 percent buyer's premium. 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. 1804 Silver Dollar (Class III) obverse.jpg 900 × 905; 928 KB. Thus, identifying an 1804 counterfeit can be quite straight forward. The Great du Pont Coin Robbery and Recovery, Prussian Coins During the Ambassadorship of a Future President, The 3 United States Commemorative Half Dollars That Never Happened – and Doomed the Classic Commemorative Coin Program. 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. As the original 1804 Dollars were parceled away into private hands, save for one remaining in the United States Mint cabinet, others wanted pieces of their own, too. A 20 percent buyer’s premium is added to bid for the price realized. The treaty with Siam provided free trade along with other policies, and was concluded on March 20, 1833 … Class III is similar to Class I and only 6 of them are known to exist. Who will be the next individual to add his or her name to the rich legacy of the 1804 Draped Bust Dollar? The Class I Dexter/Pogue specimen 1804 Draped Bust U.S. Silver Dollar. The 1804 Silver Dollar or Bowed Liberty 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. Walter … The unusual history of the 1804 dollar extends to the details of when and how the coins were struck. Class I 1804 Draped Bust silver dollar realized $3,877,500 Aug. 9 in Heritage’s auction held prior to the ANA convention in Rosemont, Ill. The 1804 silver dollar is one of the most publicized of US coins. These are the … The Berg-Garrett 1804 dollar offered here is the plate coin for the Class III dollars in Q. David Bowers' Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia (1993). All fifteen of the 1804 Silver Dollars have been accounted for and exist in either museums or private collections. 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). A set of US coins was produced to be used as gifts for rulers in Asia in exchange for trade advantages. 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. Accompanying the world-class rarities in the firm’s December 2020 sale was a complete set of circulation-strike Morgan silver dollars that rivals the very finest ever assembled, and which crossed the block in November. By Joshua McMorrow-Hernandez - "The King of American Coins" Class I 1804 Silver Dollar The Stickney Specimen Obtained from the Mint in 1843 Wayte Raymond: "The Most Famous Pedigreed Coin in America" 1804 Draped Bust Silver Dollar. 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. 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. The decree of including in the proof set “a complete set of […] specimens of each kind [of coin] now in use” posed Mint Director Moore a debacle. Cost: $4.1 Million. 1 comprises Class II and 6 comprise Class III and were minted … These two pieces plus six others make up the entire known population of 1804 Class I silver dollars. 1804 Silver Dollar - Class I - US Mint Specimen, via Wikipedia. Class III examples were made after 1857 - they all have lettered edges and a rust pit in the afore-mentioned place on the … One specimen, a Class I specimen graded PCGS PR68 and pedigreed to the Sultan of Muscat, took $4,140,000 in August 1999. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index. 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 This truly isn't an original coin because it was struck many years after 1804. Early Dollars 1804 CLASS I $1 PF. In fact: This coin was struck in 1834 through 1835 for use in presentation proof sets. Another issue, the 1933 double eagle, with an auction record in excess of $7 million, holds … 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. These were only available from early 1964 to 1969 before cupro-nickel clad coins became the norm in the US. 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. 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. These 1804 dollars are known as Class I (had lettering on the edge) and only 8 are known to exist. This coin was illegally struck by Mint employee Theodore Eckfeldt and sold to a collector in Philadelphia. There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). Dallas. 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. Proof-65 (PCGS). Stickney Class I 1804 Draped Bust dollar brings $3,360,000. More recently the prices for these most regal and renowned U.S. coins show no signs of slowing: In 1999 the fabulous Sultan of Muscat-Brand-Childs 1804 Class I silver dollar, the finest … The most recent transaction of an 1804 Draped Bust Dollar, the March 2020 Stack’s Bowers Galleries sale of a PCGS PR55 Class III specimen from the collection of the late D. Brent Pogue and previously had been in other collections, including those of the Garrett family and Johns Hopkins University in Baltimore, saw the coin hammer for $1,440,000. Contact the seller- opens in a new window or tab and request a shipping method to your location. So, what we have here is a coin of which only 15 exist, in a category that only eight exist, with a truly unique engraving on the reverse, a coin that was once fought over and recently sold then sold again, not two days later. Meaning of 1804 Class I Silver Dollar as a finance term. Images courtesy of Stack's Bowers Galleries. Various private mints have produced replicas of the 1804 dollar over the years. OGH. This variety of the 1804 Draped Bust Silver Dollar is an Original Strike Proof with the Class I (Class 1) reverse. Demand for an 1804 Silver Dollar goes back to the 1850’s. The 1804 Dollar stands in a category all its own. 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." 1804 Silver Dollar - Class I - Mickley-Reed Hawn Specimen.jpg 640 × 312; 93 KB. No crystal ball exists to definitively answer that question. 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