One of just 15-known examples of the 1804 Draped Bust silver dollar sold for $3,360,000 on Dec. 17, leading bidding at Stack’s Bowers Galleries’ offering of Part II of the Larry H. Miller collection in Newport Beach, California. Another magnificent coin with an Eliasberg pedigree offered was an 1894-S Barber dime graded Proof 65 by Numismatic Guaranty Corp. with a green Certified Acceptance Corp. sticker. 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. 1 comprises Class II and 6 comprise Class III and were minted … Sign up for our free eNewsletter That brings the total to eight of these special proof sets – and subsequently, eight 1804 Draped Bust Dollars intended for distribution within them. In fact: This coin was struck in 1834 through 1835 for use in presentation proof sets. The 1804 class I or “original” draped bust silver dollars are widely known as the “King of American Coins”, and with good reason. What is 1804 Class I Silver Dollar? Class II and III coins were supposedly minted in the 1850s. Will the 1804 Draped Bust Dollar ever become the world’s most expensive coin again? Three of these pieces were subsequently melted. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. 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 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). History 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). 1804 Silver Dollar - Class I - US Mint Specimen, via Wikipedia An 1804 silver dollar - or bowed liberty dollar - is an extremely rare United States coin. The book The Rare Silver Dollars Dated 1804 and the Exciting Adventures of Edmund Roberts, by Q. David Bowers gives fascinating details of the memorable voyage. 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. 1804 Class I Silver Dollar A silver dollar coin manufactured in the United States. 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. 8 comprise Class I, which were minted in 1834. This truly isn't an original coin because it was struck many years after 1804. Bullion; Commems; Dimes; Foreign Coins; Gold ($10) Gold ($2.50) Gold ($20) Gold ($4) Gold ($5) Half Cents; Medals; Modern Dollars; Modern Quarters; Nickels; Silver Dollars; Silver Half … Pinterest. Many generations of publicity have helped build an unequaled interest in and demand for the 1804 Dollar, a captivatingly gorgeous coin with a colorful story and outstanding legacy. The coin’s kaleidoscopic story continues unfolding. The 1804 "Original" Class I (Class 1) draped bust dollar was actually first produced in 1834 through 1835. Other commonly counterfeited dollars are the 1887-CC Morgan dollar, and Trade dollars dated 1799 or 1872. Technically scarcer than the Class I specimens, the Class III restrikes are prized numismatic trophies with questionable origins – not unlike the five known and beloved multi-million-dollar 1913 Liberty Nickels that numismatic historians also believe were struck without authorization by an enterprising mint official. 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. 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. The replicas have little worth as collectors’ items, with their silver content fetching them a price of current melt values and … 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. Known as the Stickney Specimen after its initial known owner Matthew A. Stickney of Salem, Massachusetts, it spent much of the 20th century in the collection of the Eliasberg family, selling at Bowers and Merena’s 1997 auction of selections of the Louis E. Eliasberg Sr. Collection for $1,815 million. However, the coin’s history is favorable for such an outcome down the pike. Appropriately, it also serves as an ambassador for our hobby. The $3,877,500 paid for the 1804 silver dollar includes a 17.5 percent buyer's premium. Definition of 1804 Class I Silver Dollar in the Financial Dictionary - by Free online English dictionary and encyclopedia. Dallas. How much are they Worth? 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. Due to the draped “Bust of Liberty”. Counterfeits exist of the 1804 Silver Dollar, with some con artists and perpetrators of fraud trying to pass off coins as the real thing. BUY AND SELL COINS SAFELY AND WITH CONFIDENCE. These are the … 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. Back then … One of only eight Class I examples struck in 1834. The 1804 Dollar stands in a category all its own. The silver dollar and gold eagle, which had been previously minted in 1804, were struck once again for the presentation set. Particular coins being offered for sale may not have been included within particular indexes, and if included, may not have experienced the same market movements as the index as a whole. The United States Mint struck only dollars dated 1803 in 1804, and then ceased regular production of silver dollars until 1840. 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. Bidding opened at $2.6 million, followed by a bid of $2.7, with a phone bid of $2.8 million capturing the prize. There was no confirmation of silver dollars dated 1804 until 1842, when an illustration of one appeared in a book co-authored by two of the U. S. Mint's own officers. A 20 percent buyer’s premium is added to bid for the price realized. 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. The 1804 silver dollar is one of the most publicized of US coins. Woodward sale. No American coin is more famous, more widely desired, or more highly valued than the silver dollar of 1804. NGC Universal ID: 24XH. Adams-Carter 1804 Class III Silver Dollar AU58 PCGS The Finest Class III 1804 Available Outside Museums 1804 $1 Class III PR58 PCGS. 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 full history of this fascinating coin did not come to light until more than a century after its actual creation. Coveted by collectors, but essentially impossible to own, a Class I type Silver Dollar sold in 2001 for $4.14 Million! Matthew Stickney was the first collector to obtain an 1804 silver dollar by trading an Immune Columbia gold piece. The original, or “Class I”, 1804 Silver Dollars were presented to the King of Siam and the Sultan of Muscat and Oman, with other specimens dispersed under unknown circumstances or retained by the Mint. The coin last sold in April 1999 for an amazing $4.14 million, a record price for this issue and among the highest prices paid for a United States coin at public auction. Surfaces : The steel gray surfaces exhibit warm lilac and golden gray highlights throughout. FROM THE BRUCE MORELAN COLLECTION Legend Rare Coin Auctions welcomes the “KING" of American Coins, the 1804 silver dollar! My Collection × My Collection. 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. Class II examples were made after 1857 - the only known specimen has a plain edge. There are rarer coins, but in the federal series there are none that challenge the fame, tradition, and glory given to the 1804 silver dollar. Images courtesy of Stack's Bowers Galleries. Páxinas 23-26. Professional Coin Grading Services is a division of Collectors Universe, Inc. Get free numismatic news from leading coin experts, in-depth articles, market summary videos, surveys & more! Blake Duncan of U.S. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index. Cropped from Image:1804 Silver Dollar - Class II - US Mint Specimen.jpg It is derived from a scan from coinfacts.com. Class I dollars were made around 1834. Proof-65 (PCGS). So all official US silver dollar production was halted until decades later in 1836. Bidding opened at $2.6 million, followed by a bid of $2.7, … 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 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. Demand for an 1804 Silver Dollar goes back to the 1850’s. 1804 Silver Dollar - Class I - Dexter - Dunham Specimen.jpg 753 × 371; 134 KB. The highest-graded Class I 1804 Dollar, PCGS PR68, nearly set the world record for most expensive coin to … A Dollar in Three Classes. This variety of the 1804 Draped Bust Silver Dollar is an Original Strike Proof with the Class I (Class 1) reverse. Origin of the Class I 1804 Silver Dollar Edmund Roberts (1784-1836) of Portsmouth, New Hampshire, received an appointment from President Andrew Jackson as America's first envoy to the Far East, and successfully negotiated a Treaty of Amity and Commerce with King Nangklao (Rama III) of Siam. The “Class II” … Between 1858 and 1860, Theodore Eckfeldt, a U.S. Mint employee, illegally produced seven more 1804 Silver Dollars which he sold off. How much are they Worth? The 1804 silver dollar has been christened "The King of Coins," and duly so, as it is one of the rarest and most prestigious American coins ever minted. 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 BB-304. At least four restrikes were produced without authorization sometime in 1858 and sold by a U.S. Mint employee for $75 apiece. The PCGS3000® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. Despite the name, it was actually produced by the US government in 1834 as a diplomatic gift using diecasts from 1804. 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. Class I Original. 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. The Mickley-Hawn-Queller-Greensboro Class I 1804 is of higher quality than at least two of the three privately owned Class III 1804 dollars. Amid rising silver prices in the 1960s, the US Mint briefly issued Kennedy Half Dollar coins with an effigy of President John F. Kennedy using 40% silver content. In the entire U.S. series, no other coin can captivate the numismatic … The unusual history of the 1804 dollar extends to the details of when and how the coins were struck. According to collectibles math, that equates to a rare and valuable prize. WhatsApp. The official Mint records say that 19,570 dollars were struck in 1804, but only 15 known specimens have survived since that time. Connect with Coin World:   Seller assumes all responsibility for this listing. It’s important to note here that numismatic researchers have determined all United States dollars minted in 1804, a number totaling 19,570 pieces according to U.S. Mint records, bear the “1803” date. Ever since 1842, the 1804 dollar has held a mythical place in American numismatics. It’s unknown how many were made, but six are accounted for today and are categorized as Class III 1804 Draped Bust Dollars. "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. In fact: This coin was struck in 1834 through 1835 for use in presentation proof sets. [1] Image was given to coinfacts.com by the Smithsonian Institute. The 1804 silver dollar was also produced from 1858 - 1860 by a rogue Philadelphia Mint employee who found the mold and cast a … 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. It’s the type of coin that inspires many non-collectors to wonder if the coins grandma or grandpa passed on down to them are just as rare or valuable. The 1933 Santa Monica Breakwater So-Called Dollar, The 2007 Desegregation Commemorative Dollar & The Little Rock Nine. However, the State Department did carry out further directives concerning the number of proof sets to be assembled. These were only available from early 1964 to 1969 before cupro-nickel clad coins became the norm in the US. 1804 Silver Dollar (Class III) obverse.jpg 900 × 905; 928 KB. OGH. & H. Chapman, E. Harrison Sanford, Joseph J. Mickley, and Mendes Cohen. One was sold in 1999 for $4.14 million. U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. 1804 Class I Silver Dollar Replica Archival Edition . Navigate to a new category. 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. This is believed to be the example presented to the Sultan of Muscat in 1834. It’s unclear whether Director Moore or someone else in the State Department ordered that the dollar and eagle feature the “1804” date. It last appeared at auction in Stack’s 65th Anniversary Sale in October 2000 where it sold for $431,250. 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 … PCGS PR65 for auction. 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. This roster updates the historical record from the Chicago Signature (Heritage, 8/2013), lot 5699. Access our Dealer Directory   Shipping and handling. 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. PCGS The Standard for the Rare Coin Industry. Meaning of 1804 Class I Silver Dollar as a finance term. Rising into prominence during the infancy of American numismatics, the 1804 Dollar became a famous collectible even before many others were but a glint in the eyes of the United States Mint. Many fantastic … 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. One of just 15-known examples of the 1804 Draped Bust silver dollar sold for $3,360,000 on Dec. 17, leading bidding at Stack’s Bowers Galleries’ offering of Part II of the Larry H. Miller collection in Newport Beach, California. This truly isn't an original coin because it was struck many years after 1804. PCGS PR65 for auction. From 1803 or 1804 to 1834, no silver do… 1804 Silver Dollar (Class III) reverse.jpg 900 × 919; 824 KB. 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? Class II and III coins were supposedly minted in the 1850s. These 1804 dollars are known as Class I (had lettering on the edge) and only 8 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 only Class II known to exist has no lettering and is part of the Smithsonian coin collection. 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. 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). Thus, identifying an 1804 counterfeit can be quite straight forward. CHECK OUT COINS FOR SALE IN THESE POPULAR CATEGORIES, Stickney Class I 1804 Draped Bust dollar brings $3,360,000, © 2020 Amos Media Company. In … In the early 1840s, numismatic illustrations of an 1804-dated silver dollar piqued the curiosity of collectors who had to that point not known of any dollar coins struck after 1803, let alone those bearing an 1804 date. The Mickley-Hawn-Queller Class I 1804 Draped Bust dollar brought $3,877,500 on Aug. 9 as part of Heritage’s auctions held prior to the American Numismatic Association World’s Fair of Money. 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." Class I examples were made circa 1834 - these all have lettered edges and no rust pit in the field just left of the top leaf of the olive branch on the reverse. It has no resale value. Upon its infrequent and heralded public offerings, the 1804 Dollar even manages to emblazon evening news headlines. Two Class I specimens trace their lineage to the King of Siam and the Sultan of Muscat. One specimen, a Class I specimen graded PCGS PR68 and pedigreed to the Sultan of Muscat, took $4,140,000 in August 1999. What does 1804 Class I Silver Dollar mean in finance? 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. Then there is the one that reigns supreme as “The King of American Coins.” This coin is none other than the 1804 Draped Bust Dollar. 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? Like us on Facebook   Class III Restrike. Restrikes of the original 1804 Dollar were produced, though according to some experts under largely spurious auspices. Contact the seller- opens in a new window or tab and request a shipping method to your location. 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. Six more sets were created beyond the two for the King of Siam and Sultan of Muscat. 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 Rare Silver Dollars Dated 1804 and the Exciting Adventures of Edmund Roberts. Early Dollars 1804 CLASS I $1 PF. Class I - The Diplomatic Presentation Strikings 1. By tradition, all are categorized as “Proofs.” They are certainly not business strikes. 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. 1804 Silver Dollar - Class I - King of Siam Specimen.jpg 610 × 298; 89 KB. Some were brought back by service personnel returning from the Vietnam War. 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. Other commonly counterfeited dollars are the 1887-CC Morgan dollar, and Trade dollars dated 1799 or 1872. December 20, 2020. Monday Morning Brief for Jan. 11, 2021: Four legs on a Tripod? The first struck 1794 Silver Dollar is currently valued at $10 million dollars, while all 1804 Silver Dollars are rare and are generally worth over $1 million dollars each. There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). By Joshua McMorrow-Hernandez - 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. Coin Specifications. The characteristics of the Class I coin are lettered edges and no rust pit on the flip side to the left of the upper olive branch leaf. The strike is similar to that seen on other Class III 1804 dollars, with much boldness of detail despite the assigned grade. Twitter. Class III is similar to Class I and only 6 of them are known to exist. 1804 Silver Dollar - Class I - Mickley-Reed Hawn Specimen.jpg 640 × 312; 93 KB. This coin was illegally struck by Mint employee Theodore Eckfeldt and sold to a collector in Philadelphia. The King of American Coins: An 1804 Silver Draped Bust Dollar Sells for $1,000,000 by Stack's Bowers - YouTube. Bowers and Merena Galleries. Images courtesy of HeritageAuctions.com.

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