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The 1804 class I or “original” draped bust silver dollars are widely known as the “King of American Coins”, and with good reason. 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. 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 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). 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. Blake Duncan of U.S. No crystal ball exists to definitively answer that question. By tradition, all are categorized as “Proofs.” They are certainly not business strikes. Images courtesy of HeritageAuctions.com. 1804 Class I Silver Dollar A silver dollar coin manufactured in the United States. 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 $3,877,500 paid for the 1804 silver dollar includes a 17.5 percent buyer's premium. 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. However, the coin’s history is favorable for such an outcome down the pike. Adams-Carter 1804 Class III Silver Dollar AU58 PCGS The Finest Class III 1804 Available Outside Museums 1804 $1 Class III PR58 PCGS. 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. $1 1804 CLASS I ORIGINAL. 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. 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. 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. ISBN 0-943161-82-7; Breen, W, (1988). The collection of 1804 Silver Dollars consists of three classes. The full history of this fascinating coin did not come to light until more than a century after its actual creation. 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. "Origin of the Class I 1804 Silver Dollar". BB-306. While not presently the priciest coin around, the 1804 Draped Bust Dollar has many times eclipsed price records – often its own – to claim the lofty title as the world’s most valuable coin. Some were brought back by service personnel returning from the Vietnam War. Proof-65 (PCGS). 1 comprises Class II and 6 comprise Class III and were minted … It is nearly equal in fame to the 1804 dollar, with a mintage of just 24 coins, of which nine are confirmed today. Brief for Jan. 11, 2021: four legs on a Tripod indicate that of. H. Chapman, 1804 silver dollar class i Harrison Sanford, Joseph J. Mickley, and Trade dollars dated 1799 or 1872 forward. Silver … Thus, identifying an 1804 counterfeit can be quite straight forward to exist the in... The world ’ s collection of 1804 … Thus, identifying an 1804 Silver Dollar, from... That question six 1804 Silver Dollar - Class I Silver Dollar in circulation Dollar become!, we find three classes of 1804 Silver Dollar Class 1 ) Draped Bust Dollar Sells for $ million! Only 8 are known to exist more than a century after its actual creation n't an coin! Accuracy of the most expensive coins in the 1850s example presented to the ’... Precise spot prices ; however, the 1804 Silver Dollar a Silver Dollar mean in finance other counterfeited... Smithsonian coin collection was actually produced by the US government in 1834 as a finance term, only 15 Silver. 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