Another issue, the 1933 double eagle, with an auction record in excess of $7 million, holds … Seller assumes all responsibility for this listing. Monday Morning Brief for Jan. 11, 2021: Four legs on a Tripod? 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 … Definition of 1804 Class I Silver Dollar in the Financial Dictionary - by Free online English dictionary and encyclopedia. 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. 1804 Silver Dollar (Class III) obverse.jpg 900 × 905; 928 KB. Early Dollars (1794-1804). History Stickney Class I 1804 Draped Bust dollar brings $3,360,000. 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. 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. The 1804 dollar or Bowed Liberty Dollar was a dollar coin struck by the Mint of the United States, of which fifteen specimens are currently known to exist.Though dated 1804, none were struck in that year; all were minted in the 1830s or later. The 1804 class I or “original” draped bust silver dollars are widely known as the “King of American Coins”, and with good reason. & H. Chapman, E. Harrison Sanford, Joseph J. Mickley, and Mendes Cohen. 1804 Silver Dollar (Class III).jpg 4,652 × 2,340; 7.8 MB. This variety of the 1804 Draped Bust Silver Dollar is an Original Strike Proof with the Class I (Class 1) reverse. From 1803 or 1804 to 1834, no silver do… This roster updates the historical record from the Chicago Signature (Heritage, 8/2013), lot 5699. Matthew Stickney was the first collector to obtain an 1804 silver dollar by trading an Immune Columbia gold piece. Only eight silver dollars were minted in 1834 and have become known as the Class I type. [1] Image was given to coinfacts.com by the Smithsonian Institute. This item will ship to United States, but the seller has not specified shipping options. 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. The United States Mint struck only dollars dated 1803 in 1804, and then ceased regular production of silver dollars until 1840. Website highlights satirical note linking to Panic of 1837, Expect Jan. 11 deliveries of 2021 American Eagle bullion coins. 8 comprise Class I, which were minted in 1834. The King of American Coins: An 1804 Silver Draped Bust Dollar Sells for $1,000,000 by Stack's Bowers - YouTube. 1 comprises Class II and 6 comprise Class III and were minted … 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 set showcased an incredible proportion of condition census examples, many with provenance to the famous sets assembled by Louis Eliasberg and Jack Lee. This coin was illegally struck by Mint employee Theodore Eckfeldt and sold to a collector in Philadelphia. One of only eight Class I examples struck in 1834. Dallas. Proof-55 (NGC). 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. The 1804 silver dollar is one of the most publicized of US coins. 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! It is nearly equal in fame to the 1804 dollar, with a mintage of just 24 coins, of which nine are confirmed today. 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. 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." The treaty with Siam provided free trade along with other policies, and was concluded on March 20, 1833 … 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 full history of this fascinating coin did not come to light until more than a century after its actual creation. Like us on Facebook   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. Some were brought back by service personnel returning from the Vietnam War. 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 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. In fact: This coin was struck in 1834 through 1835 for use in presentation proof sets. 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. Blake Duncan of U.S. 1804 Silver Dollar - Class I - Mickley-Reed Hawn Specimen.jpg 640 × 312; 93 KB. Other commonly counterfeited dollars are the 1887-CC Morgan dollar, and Trade dollars dated 1799 or 1872. Coveted by collectors, but essentially impossible to own, a Class I type Silver Dollar sold in 2001 for $4.14 Million! $1 1804 CLASS I ORIGINAL. 1) 1804 “original” silver dollar, reported mintage 19,570 The story of the 1804 dollar has been told many times. Access our Dealer Directory   Due to the draped “Bust of Liberty”. 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. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat.Some silver dollars were struck in 1804, though all were dated 1803. The finest example of the 1804 Class I silver dollar appeared at auction in 2016 and garnered a bid of more than The strike is similar to that seen on other Class III 1804 dollars, with much boldness of detail despite the assigned grade. 1804 Silver Dollar - Class I - US Mint Specimen, via Wikipedia. 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. 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. Early Dollars 1804 CLASS I $1 PF. These astute collectors began inquiring about the 1804 Draped Bust Dollar, only to learn that indeed a very small number had been minted in proof format. According to collectibles math, that equates to a rare and valuable prize. By Joshua McMorrow-Hernandez - 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. 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. Upon its infrequent and heralded public offerings, the 1804 Dollar even manages to emblazon evening news headlines. WhatsApp. U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. 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. Proof-65 (PCGS). Between 1858 and 1860, Theodore Eckfeldt, a U.S. Mint employee, illegally produced seven more 1804 Silver Dollars which he sold off. There are six 1804 silver dollars in museums and nine in private hands. The 1804 Dollar stands in a category all its own. 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. 1804 Silver Dollar (Class III) reverse.jpg 900 × 919; 824 KB. 415.3 grains. We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate. If any silver dollars were minted during the year 1804, those probably would have been dated 1803. The finest known “Class I” 1804 Silver Dollar is the so-called Watters-Childs specimen, graded by PCGS as PR-68. 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. Thus, identifying an 1804 counterfeit can be quite straight forward. 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. Value of Class I 1804 Draped Bust Silver Dollar. What is 1804 Class I Silver Dollar? The first among these 1804 Dollars went to collector Matthew Stickney on May 9, 1843, who received it in trade from a U.S. Mint officer for a 1785 Pattern Guinea in gold; the pattern, a coin then believed unique and remaining so today, was placed in the U.S. Mint cabinet and resides in the National Numismatic Collection. 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. 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). 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. Demand for an 1804 Silver Dollar goes back to the 1850’s. 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. Bidding opened at $2.6 million, followed by a bid of $2.7, … There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). The official Mint records say that 19,570 dollars were struck in 1804, but only 15 known specimens have survived since that time. 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 Mickley-Hawn-Queller-Greensboro Class I 1804 is of higher quality than at least two of the three privately owned Class III 1804 dollars. 1804 Silver Dollar - Class I - King of Siam Specimen.jpg 610 × 298; 89 KB. 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. Though some light wear is evident … That brings the total to eight of these special proof sets – and subsequently, eight 1804 Draped Bust Dollars intended for distribution within them. Coins in Houston, Texas, bought the coin for an anonymous client, marking a new pedigree for the hobby’s most storied coin. The 1804 "Original" Class I (Class 1) draped bust dollar was actually first produced in 1834 through 1835. 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. En The Mickley–Hawn–Queller Class I Original 1804 Dollar, PR62 From the Greensboro Collection, Part IV. But why has it's myth not only persisted but grown over the centuries, why does this particular coin so fascinate us and … An 1804 silver dollar - or bowed liberty dollar - is an extremely rare United States coin. There are 15 known specimens of the 1804 Silver Dollar in circulation. Other early private stewards of the 1804 Dollar include S.H. 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. It is also known as the draped bust silver dollar. It’s unclear whether Director Moore or someone else in the State Department ordered that the dollar and eagle feature the “1804” date. Transferred from en.wikipedia to Commons by User:Stefan4 . OGH. No American coin is more famous, more widely desired, or more highly valued than the silver dollar of 1804. Class III Restrike. 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. Many fantastic … 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. A Dollar in Three Classes. 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. Surfaces : The steel gray surfaces exhibit warm lilac and golden gray highlights throughout. They were produced at the San Francisco Mint to coin remaining silver from melted coins of older designs. 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. 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. 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? PCGS PR65 for auction. Heritage Numismatic Auctions. Facebook. 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. 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. 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