Haseltine. I have 4 silver dollars from 1804. It then went to Rosenthal before being owned by Farran Zerbe, who placed it in the Moneys of the World exhibit. CoinTrackers.com estimates the value of a 1799 Draped Bust Dollar in average condition to be worth $796.00, while one in mint state could be valued around $22,118.00. "[64], According to Newman and Bressett, the manner in which the 1804 dollars were produced is proof that none were struck in 1804. By 1800, a majority of depositors requested their bullion be struck as silver dollars, which were then utilizing the Draped Bust design. In the same way, you can pick up a replica 1804 silver dollar for 15 bucks! For instance, a Class III Draped Bust Silver Dollar was auctioned and sold for $1,880,000. The Hobby Protection Act requires that all imitation coins and other numismatic items be permanently marked with the word COPY. I primarily collect and study U.S. coins produced during the 20th century. ALL COIN PROGRAMS, National Purple Heart Hall of - Last updated: June, 10 2022. 1804 Liberty Bust Silver Dollar COPY - 2 oz. Many counterfeits & copy's exist . [71] A Class I specimen brought $77,500 at a 1970 Stack's auction, and during a 1980 rise in coin prices, a Class III example sold for $400,000 by Bowers and Ruddy Galleries. 72. New York, New York. Required fields are marked *. Others have sold for between $1 million and $2 million in recent years. [7] In 1793, President George Washington signed into law a bill which declared Spanish milled dollars legal tender, provided that they weighed no less than 415 grains (26.9g), which meant that at the lowest weight allowed by law, the Spanish dollars would contain approximately 0.5 percent less silver than the United States dollar coins. In fact, the most expensive (Draped) 1804 silver dollar was auctioned and sold for $7.68m, becoming the second-most valuable U.S. Dollar ever sold. Here isthe story of the 1804 Bust dollar,which is is often dubbed The King of American Coins. [39] In 1859, James Ross Snowden unsuccessfully requested permission from the Treasury Secretary to create patterns and restrikes of rare coins for sale to collectors, and in that year, dealers began offering plain edge 1804 dollars to the public. The bulk of the mintage was variously rumored to have been paid to Barbary pirates as ransom, lost at sea en route to China, and melted before leaving the Philadelphia Mint. [59] Before such time, the actual year in which they were struck remained contentious among numismatists. If there were a way to add the image here I would! The rarest and most important Bust dollar (which, as a series, were dated from 1795 through 1804) is the 1804 dollar. How much money do you really have in your pockets? Through the actions of the Mint and numismatists around the world, we have been given a beautiful and fascinating coin with a history that can make us realize how small the world really is. 1988 by Doubleday. You will find replica 1804 Draped Bust silver dollars in coin dealer ads: Replica 1804 Draped Bust silver dollars are generally worth only the value of the metal within the coin, but they do excite some people who want the feel of owning an 1804 Bust silver dollar without having to bid more than $1 million at auction! [72], The price reached an all-time high in 1999, when the finest known specimen, graded Proof-68 by the Professional Coin Grading Service, which is believed to have been the example presented to Said bin Sultan, was auctioned by Bowers and Merena for $4,140,000. There are now eight examples of the Class I original dollar, six of the Class III restrike, and only one of the Class 11 restrike. After the sale of the Stickney, Ellsworth, and Atwater collections, Louis Eliasberg kept R until his death in 1976. Your browser is out of date. [66], From the time numismatists became aware of 1804 dollars, they have commanded high prices, both in relation to their face value and the numismatic value of other silver dollars. Moreover, the exact cost may differ depending on the type or class of the 1804 silver dollar. [81][g] One such coin in the collection of the San Francisco Mint was described by them as genuine from 1887 to 1927. If magnet exhibits any kind of even slight attraction or shoots right down the coin, it's likely fake. [21] Later, in a letter dated December 2, 1834, Forsyth directed Moore to include "national emblems" (including an eagle and stars) on the exterior of the cases. One of the oldest materials used in the minting of coins, silver has long been a favorite material of both serious numismatists and casual collectors. The coins produced for the diplomatic mission, those struck surreptitiously without edge lettering and those with lettering are known collectively as "Class I", "Class II" and "Class III" dollars, respectively. Widely noted as the King of American coins, 1804 Draped Bust dollars are the poster child of United States rare coins and represent the holy grail of collecting for many hobbyists. The controversy prompted William E. DuBois, Mint Assayer, to try, in 1860, to recall the examples of the 1804 dollar in private hands. [77] Nineteenth-century stage actor John T. Raymond purchased a specimen of the coin, which was later revealed to be a forgery, for $300. To order your silver coin replicas, select the items you wish to purchase, add them to your shopping cart, and complete the simple, secure checkout process. Coins for Sale Class I dollars were made around 1834. Unlike the original coins, these later restrikes lacked the correct edge lettering, although later examples released from the Mint bore the correct lettering. Shop by category. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. [83] Electrotypes were also created by Mint employees, and one was used as the basis for the pantograph reproductions which appeared in Eckfeldt and DuBois' 1842 A Manual of Gold and Silver Coins of All Nations. This example eventually came to the Carter family who sold it to L. R. French, Jr. After the sale of his collection, this coin went to Rarities Inc., then to the National Gold Exchange, and finally to Heritage Rare Coin Galleries. The King of American Coins just fetched a princely, world-record sum. Mintage records for 1804 show that 19,570 silver dollars were struck that year. [60] In 1867, numismatist W. Elliot Woodward acknowledged that 1804 dollars were struck as diplomatic gifts in 1834, but he also believed that others were struck in 1804. After being recovered in 1993 in Zurich, Switzerland it was donated to the American Numismatics Association, and it now rests as a main attraction at the ANA Museum. Because the features vary from product to product, it is very difficult to offer general guidelines in . Early on, collectors assumed that the 1804 dollars were struck in 1804, and their rarity was explained by various theories. Is There Anyone Who Can Give Me It was common practice in those days to use dies as long as they were serviceable, and it is likely that all silver dollars stuck in 1804 were actually dated 1803. But at first, these coins didn't circulate. Then, in 1945, Walter Childs' family bought the coin in the interest of trying to complete his set. Thank you for signing up with United States Mint! The 1804 Draped Bust Silver Dollar is one of the most publicized and famous of all US coins. This particular. . Check your inbox or spam folder to confirm your subscription. The Stickney specimen is none other than the coin that Matthew Stickney got directly from the Mint in 1843. Interestingly enough, the coins were struck later in what people call Class II (2) group. Be thankfull that is a counterfeit actually stamped COPY. The United States Dollar remains a strong currency today and is one of the primary currencies used in most international transactions. [53] Numismatic historian Q. David Bowers asserts that the 1804 dollar has attracted more attention than any other coin. Do you have any questions or concerns? Save my name, email, and website in this browser for the next time I comment. Counting both originals and official restrikes, only 15 of the 1804 Draped Bust silver dollars are known to exist. All payments for sales are strictly in U.S. dollars via PayPal, credit cards, personal checks, cashier checks, bank money orders and wire transfers, and are subject to all reporting requirements. Stack's then bought it for $150,000 in 1974 for Reed Hawn, where it remains today. The most valuable U.S. dollar is the 1794 flowing hair dollar, which sold for more than US$10 million at a Stacks Bowers Galleries auction in 2013, the auction house said. However, those coins, struck from old dies as was common practice at the time, were dated 1803. We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate. Replicas of U.S. coins cannot be exchanged as legal tender or used as money. Broken Arrow, Oklahoma. In 1994, Superior Galleries sold it to Harlan White who in turn sold it to a private collector where it remains. There are also a few varieties of these coins and only around 20 of them are known to exist. After the initial minting of eight pieces, two restrikes were issued for collectors. Kocreat Copy 1892-S-Morgan Dollar Plating Silver Coin-Replica U.S Old Original Pre Morgan Souvenir Coin Hobo Coin Lucky Coin Hobby Collection. Medals, Email & [29] Roberts died in Macau on June 12, 1836, before he could initiate contact with any other nations. I can just imagine sitting on a collection of counterfeits that I unknowingly "got a good deal on". Im not buying anything until I know more about these cretins. The Buffalo News. [28] He delivered the next set to King Rama III of Siam the following year, on April 6. This makes it easy to spot a fake as any wear at all would be an obvious tell that it is a fake coin. 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. The Cohen coin went through the collections of two leading numismatists, Col. Mendes Cohen and Henry S. Adams, before being sold Lorin G. Parmelee, who had previously owned another of these coins. . MarkFeld Dealer Member: Seasoned Veteran 354609648590 Circular box w fine filigree work, w six lobes. In an effort to assist consumers to discern the differences, the United States Mint provides a side-by-side comparison of a few genuine U.S. coins and their replica counterparts in Tips on Identifying Genuine U.S. Since its beginnings, the 1804 silver dollar has been hidden in mystery and confusion, and I believe that is one of the reasons it has become such a prestigious and desirable coin. This need led to the two subsequent restrikes, which have since come into the light. This pretty much sums up coins in a sentence. Kids, Gifts for Coins, American Two 1 troy oz .999 Fine Silver Rounds & 1889 CC Morgan Proof Copy Dollar (100 mil .999 Fine Silver Clad Base) with COA.. Tengo una moneda de plata de 1795 pero no da el peso pesa 23 gramos a que se debe. 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