It’s unknown how many were made, but six are accounted for today and are categorized as Class III 1804 Draped Bust Dollars. 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. In the entire U.S. series, no other coin can captivate the numismatic … 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. 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. Facebook. 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 Rare Silver Dollars Dated 1804 and the Exciting Adventures of Edmund Roberts. PCGS PR65 for auction. 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 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. Early Dollars 1804 CLASS I $1 PF. 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. 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. December 20, 2020. All fifteen of the 1804 Silver Dollars have been accounted for and exist in either museums or private collections. These are the … 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 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. BUY AND SELL COINS SAFELY AND WITH CONFIDENCE. Class II and III coins were supposedly minted in the 1850s. Stickney Class I 1804 Draped Bust dollar brings $3,360,000. The collection of 1804 Silver Dollars consists of three classes. 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. 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. Cropped from Image:1804 Silver Dollar - Class II - US Mint Specimen.jpg It is derived from a scan from coinfacts.com. $1 1804 CLASS I ORIGINAL. Sign up for our free eNewsletter Demand for an 1804 Silver Dollar goes back to the 1850’s. The PCGS3000® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. Other early private stewards of the 1804 Dollar include S.H. Definition of 1804 Class I Silver Dollar in the Financial Dictionary - by Free online English dictionary and encyclopedia. The Class I Dexter/Pogue specimen 1804 Draped Bust U.S. Silver Dollar. 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. Class III is similar to Class I and only 6 of them are known to exist. 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. 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. 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). & H. Chapman, E. Harrison Sanford, Joseph J. Mickley, and Mendes Cohen. Ever since 1842, the 1804 dollar has held a mythical place in American numismatics. Transferred from en.wikipedia to Commons by User:Stefan4 . Surfaces : The steel gray surfaces exhibit warm lilac and golden gray highlights throughout. Matthew Stickney was the first collector to obtain an 1804 silver dollar by trading an Immune Columbia gold piece. Why Such A Small Eagle on the Franklin Half Dollar? 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. Walter … Class I Silver Dollar 1804 Rank 03 This 1804 silver dollar is another one of the rarest and most expensive coins in the United States History. 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. 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. 1804 Silver Dollar (Class III) reverse.jpg 900 × 919; 824 KB. According to collectibles math, that equates to a rare and valuable prize. Cost: $4.1 Million. One specimen, a Class I specimen graded PCGS PR68 and pedigreed to the Sultan of Muscat, took $4,140,000 in August 1999. [citation needed] Divided into "Classes," 15 specimens are known.Eight comprise Class I, which were minted in 1834.Two Class I specimens trace their lineage to the King of Siam and the Sultan of Muscat.One comprises Class II and … Class III examples were made after 1857 - they all have lettered edges and a rust pit in the afore-mentioned place on the … Twitter. PCGS The Standard for the Rare Coin Industry. 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). "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 unusual history of the 1804 dollar extends to the details of when and how the coins were struck. Proof-55 (NGC). Bowers and Merena Galleries. The King of American Coins: An 1804 Silver Draped Bust Dollar Sells for $1,000,000 by Stack's Bowers - YouTube. 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). Secretary of State John Forsyth sent a letter to Director of the United States Mint Samuel Moore on November 11, 1834 stating, "The president has directed that a complete set of the coins of the United States be sent to the King of Siam, and another to the Sultan of Muscat. The official Mint records say that 19,570 dollars were struck in 1804, but only 15 known specimens have survived since that time. 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. 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. Class I 1804 silver dollars have regularly set one coin auction record after another over the last century and a half. 1804 Silver Dollar - Class I - US Mint Specimen, via Wikipedia. Images courtesy of Stack's Bowers Galleries. The 1933 Santa Monica Breakwater So-Called Dollar, The 2007 Desegregation Commemorative Dollar & The Little Rock Nine. The letter went on to request the proof sets be assembled in attractive wood boxes covered with morocco (a type of leather) and colored yellow or crimson. The 1804 "Original" Class I (Class 1) draped bust dollar was actually first produced in 1834 through 1835. One was sold in 1999 for $4.14 million. Heritage Numismatic Auctions. Back then … One of only eight Class I examples struck in 1834. Class II examples were made after 1857 - the only known specimen has a plain edge. 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? The appearance in 1962 of the set … 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. This truly isn't an original coin because it was struck many years after 1804. Shipping and handling. Due to the draped “Bust of Liberty”. 1804 Silver Dollar - Class I - Mickley-Reed Hawn Specimen.jpg 640 × 312; 93 KB. 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. Early Dollars (1794-1804). Between 1858 and 1860, Theodore Eckfeldt, a U.S. Mint employee, illegally produced seven more Class I - The Diplomatic Presentation Strikings 1. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index. How much are they Worth? 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. Class II and III coins were supposedly minted in the 1850s. The strike is similar to that seen on other Class III 1804 dollars, with much boldness of detail despite the assigned grade. Coins in Houston, Texas, bought the coin for an anonymous client, marking a new pedigree for the hobby’s most storied coin. FROM THE BRUCE MORELAN COLLECTION Legend Rare Coin Auctions welcomes the “KING" of American Coins, the 1804 silver dollar! There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). These became known as the Class II and Class III types. Who will be the next individual to add his or her name to the rich legacy of the 1804 Draped Bust Dollar? 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. Thus, we find three classes of 1804 Silver Dollars. At least four restrikes were produced without authorization sometime in 1858 and sold by a U.S. Mint employee for $75 apiece. 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. It is a coin of great rarity, with just eight known Class I Originals. Coin Specifications. 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. 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. Woodward sale. It is also known as the draped bust silver dollar. "Origin of the Class I 1804 Silver Dollar". 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. All known examples are from dies produced in the … 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. 1804 Silver Dollar (Class III).jpg 4,652 × 2,340; 7.8 MB. 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. Dallas. 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. Meaning of 1804 Class I Silver Dollar as a finance term. The King--Pride of Ownership Many American numismatic pieces, patterns and regular issues, are rarer than the 1804 silver dollar, with its population of 15 known specimens. Only eight silver dollars were minted in 1834 and have become known as the Class I type. Well before such latter-day rarities as the 1913 Liberty nickels, the 1894-S Barber dimes, or the 1907 Ultra High Relief double eagles, the 1804 silver dollars were acknowledged as the … 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. 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. Class I Original. Liberty's tresses and the eagle's feathers are all appropriately presented, and the … 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. These IDs are a simple organization of all coins prior to variety attribution and grading. 1804 … 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. By tradition, all are categorized as “Proofs.” They are certainly not business strikes. One of only eight Class I examples struck in 1834. Despite the name, it was actually produced by the US government in 1834 as a diplomatic gift using diecasts from 1804. 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. So all official US silver dollar production was halted until decades later in 1836. Perhaps the inquisitive mind then begs the question, “If there are Class I 1804 Dollars, are there other classes of 1804 Dollar, too?”. 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. Category: Early Dollars (1794-1804) Mint: Philadelphia: … Some were brought back by service personnel returning from the Vietnam War. 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. They were produced at the San Francisco Mint to coin remaining silver from melted coins of older designs. However, the State Department did carry out further directives concerning the number of proof sets to be assembled. Website highlights satirical note linking to Panic of 1837, Expect Jan. 11 deliveries of 2021 American Eagle bullion coins. U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. PCGS PR65 for auction. 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. Class III is similar to Class I and only 6 of them are known to exist. 1804 Class I Silver Dollar Replica Archival Edition . These two pieces plus six others make up the entire known population of 1804 Class I silver dollars. But why has it's myth not only persisted but grown over the centuries, why does this particular coin so fascinate us and … 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. A Dollar in Three Classes. The $3,877,500 paid for the 1804 silver dollar includes a 17.5 percent buyer's premium. Class I dollars were made around 1834. Some numismatic rarities transcend the invisible borders of our hobby, possessing the power to excite even non-collectors. The finest example of the 1804 Class I silver dollar appeared at auction in 2016 and garnered a bid of more than 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. 1 comprises Class II and 6 comprise Class III and were minted … 1804 Class I Silver Dollar A silver dollar coin manufactured in the United States. 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. Other commonly counterfeited dollars are the 1887-CC Morgan dollar, and Trade dollars dated 1799 or 1872. It’s unclear whether Director Moore or someone else in the State Department ordered that the dollar and eagle feature the “1804” date. 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