Genuine U.S. coins feature the denomination (e.g., One Dollar), while replicas generally omit the denomination and feature a description of the product in its place, such as giant proof or silver proof or .999 fine silver. Because the features vary from product to product, it is very difficult to offer general guidelines in this area. 1804 1804 Dollar CoinTrackers.com estimates the value of a 1804 1804 Dollar in average condition to be worth $18050.00, while one in mint state could be valued around $90,250.00. Varieties and Production The varieties of 1804 silver dollars are known as Class I, Class II, and Class III. [55], At the 1962 American Numismatic Association convention, British numismatist David B. Spink announced that he was in possession of a theretofore unknown 1804 dollar specimen. [76] James A. Bolen, a medallist and coin collector who created copies of valuable coins between 1862 and 1869, fabricated an 1804 dollar by altering the last digit in the date of a genuine 1803 example. Thus, identifying an 1804 counterfeit can be quite straight forward. If Julian is correct, then there must be an explanation for the use of planchets that weigh around 420 grains each for the production of Proof 1802 and 1803 silver dollar novodels. His family auctioned his collection in 1997 and the beautiful 1804 dollar was sold to Spectrum Numismatics. Silvery-white platinum metal resembles white gold or silver in appearance. . SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. They are 1.2 ish ounces. It is often difficult to distinguish between genuine U.S. coins and replicas. The last of the elite eight, the Watters coin, is now the finest 1804 known and was the coin originally sent to the Imam of Muscat in 1834. Moreover, the exact cost may differ depending on the type or class of the 1804 silver dollar. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. Talkers Medals, Military Tengo una moneda de plata de 1795 pero no da el peso pesa 23 gramos a que se debe. Thank all of you so much. 1988 by Doubleday. 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. Meanwhile, class III coins feature lettered edges. The 1804 Draped Bust dollar is one of the most famous coins in the world. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Circulated Silver US Early Dollar Coins (1794-1804), Uncertified Silver US Early Dollar Coins (1794-1804), If you bought a replica believing that you were purchasing a genuine United States Mint product, you may be entitled to a refund or redress from the business that sold the replica to you. How can I distinguish between advertisements for genuine U.S. coins and those for coin replicas? The King of Siam coin has traveled the world in its history, and was owned by three kings before being given to Anna Leonowens, who was none other than Anna of Siam, the main character in The King and I. Looking for gold and silver coins? The Linderman specimen was one of the two 1804 dollars stolen from the Du Pont collection in 1967. Therefore, keep a close eye for graded certifications and engravings to find the true worth of an 1804 silver dollar. Mint Mark: No mint mark. Conclusively, the exact cost of an 1804 silver dollar depends on its type and classes (Class I, Class II, and Class III). If you buy thru these links, we may earn a commission at no additional cost to you. At first glance, one may think that the 1804 silver dollars were minted in 1804, which is a rookie mistake. Is There Anyone Who Can Give Me The most famous of the "original" pieces which were actually struck in 1834 had a connection with Siam, and Iran. [70] In 1960, a Class III dollar fetched $28,000 at an auction conducted by Stack's, a coin firm, and the same coin reached $36,000 at another Stack's sale in 1963. Although the dollars struck in 1804 bore the date 1803, the eagles struck in that year were not antedated. The finest example of the 1804 silver dollar known to exist sold for US$7.86 million at a Stacks Bowers Galleries auction earlier this week, making it the second-most valuable U.S. silver dollar ever sold. In a discussion at the 2019 Dayton EAC Convention on counterfeits, we talked of three "families" of fakes: the 1804 "C-6" half cent set, the 1833 "N-5" large cent set, and the 1795 . Meanwhile, the remaining 3 Class II (2) Draped coins were melted. [25] The dollars included the sets bore the Draped Bust design, depicting an allegorical representation of Liberty on the obverse and a heraldic eagle on the reverse. After striking, the edges were lettered in a fairly poor imitation of the original and actual silver dollar blanks were used, although how they got them is unknown. Numismasters Story Of The 1804 Bust Dollar, Coinfacts 1804 Silver Dollar Information, Buyer Beware: Deceptive Coin Advertising Words & Phrases You Should Watch Out For, https://coins.thefuntimesguide.com/slabbed_coins/, https://coins.thefuntimesguide.com/coin_dealer/. Sign up for the American Mint emails and be the first to receive the latest deals on genuine U.S. currency and exclusive American Mint commemoratives. Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar. Coin Forum. 8868aa.jpeg fbfcf8.jpeg Answered in 30 minutes by: Antique Expert: ExpertAppraiser While some examples of the Dollar can be valued between $2m and $4m, in other cases, the examples can be sourced cheaply. However, those coins, struck from old dies as was common practice at the time, were dated 1803. After being sold out of its namesakes' collection, it stayed in the Garrett family for over 50 years. According to the U.S. Mintage records, a total of 19,570 1804 silver dollar coins were minted; however, only 15 examples can be identified. Because silver dollar production had stopped after the 1803 date, there weren't any dollars bearing the 1804 date. Meanwhile, a Class I (1) Original Draped 1804 Silver Dollar was sold for an impressive $7.68m. When I say this, I dont mean, Read More Rare And Valuable 2022 Quarter Errors: Lets Do Some Pocket HuntContinue, With the recent unfortunate event, it seems like Queen Elizabeth is everywhere. It was when the coin got its name, the King of American Coins, and later fell into the possession of a private collector, who purchased the set for a measly $4m. [54] All fifteen extant specimens are acknowledged and studied by numismatists. While some legends and myths state that the coins were lost to Barbary pirates as the coins made their way through the sea to China. His entire collection is being auctioned this August by Bowers and Merena, and due to the quality of this coin, an unprecedented price is expected for it. Type: Draped Bust Dollar. Watters of England came forth saying he had seen the set in a pawnshop window and purchased it, but this story is most likely false. In that time, it was common practice to use dies from the previous years until they simply wore out, in which case a new dollar would be designed. United States Mint All Rights Reserved. For thousands of years, gold has been a symbol of wealth and status; today, it is considered a safe, long-term investment for everyone. [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. I have created a set of images comparing this with the second posted example and highlighted common marks between the two as follows. Save on delivery. With only 15 examples to exist, the 1804 silver dollars make up for one of the most valuable and rarest US-minted coins. 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. The U.S. Mint Specimen The Stickney-Eliasberg Specimen . Nevertheless, you may differentiate a counterfeit from an original/authentic (Draped) 1804 silver dollar through the following measures. Save my name, email, and website in this browser for the next time I comment. This coin had become so valuable that these practices didn't end, even after the scandal. Stamp signed with the initials, lower left; signed in the block, lower right. Does a business need permission from the U.S. Government to produce replicas of U.S. coins? 1804 Class I Silver Dollar Replica Archival Edition: This beautiful silver-plated 1804 silver dollar copy is a painstakingly detailed reproduction of one of the most famous and difficult to own coins ever produced by the U.S. Mint. Many of them aren't. That's one reason I tend to shy away from buying old silver dollars. Penny Material:solid brass Penny Color:silver Penny Finish:retro Size:37.7mm Weight:22.9g This item is a craft supplies,you can use it in many different way 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. How much is a 1804 liberty 1 dollar coin grade 2 is worth in 2014? [36] The fifth coin, alluded to by DuBois, is not currently accounted for, although its edge may have been lettered after its recovery in an attempt to pass it as an original. Coinage of silver and gold coins started in 1794 and 1795. Another interesting twist to the story is this: 19,570 Bust silver dollars have been reported in United States Mint records from 1804. A second, the Mickley specimen, started out when a teller supposedly picked the dollar out of a deposit at face value and sold it to Joseph J. Mickley, from whom it gets its name. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. The 1804 Bust silver dollar has set records in the past for being the most expensive coin ever sold at auction. $3.99 delivery Mar 14 - 23 . It was then sold to the Chase Manhattan Bank as an exhibit for their Money Museum, and when it was forced to close, the bank gave the dollar to the American Numismatic Society. Kocreat Copy 1892-S-Morgan Dollar Plating Silver Coin-Replica U.S Old Original Pre Morgan Souvenir Coin Hobo Coin Lucky Coin Hobby Collection. Although they are not as valuable as the elite eight, the remaining Class III coins are still some of the most famous in numismatics today. [65] However, the edge lettering on all Class I 1804 dollars is deformed and partially obliterated, meaning that they were not struck in an open-collared coinage press as was used in 1804, but one which used a steel collar that was not introduced to the Mint until 1833. 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. Authentic ones have either lettered or plain edges and proof surfaces . Some examples of the 1804 silver dollar or, as people say, the King of American Coins are valued at millions, thanks to their exclusivity and rich history. 1804 Bust Dollar with "copy" stamp - Worth anything By Lee, 13 years ago on Stamps & Philately 11,085 I have this coin and I looked it up on the rare coin sites. Its whereabouts were unknown until circa 1880, when C.A. Look forward to interesting news and special offers, and use our personal discounts to discover new collection topics and fine rarities. [47] However, numismatist S. Hudson Chapman believed that some Class III dollars were struck as late as 1876. Of course, you don't have to be a dedicated collector to enjoy the variety of Are coins not your thing? & Facilities, Shop All [22] As his initial correspondence indicated that the sets were to include coins of every type then in use, Mint officials included both the silver dollar and gold eagle. * All prices are quoted net of the statutory value-added tax and shipping costs and possibly delivery charges, if not otherwise described. & Sales Figures. At the sale of his collection, it was purchased by Byron Reed, who in turn willed it to the Omaha City Library. And of course, there is a 1798 version complete with matching family marks! [4] According to the act, the dollar, or "unit", was to "be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver". [19] In a letter to the Department of State dated October 8, 1834, Roberts decried the gifts of his previous journey as inadequate and insulting to his hosts in the Orient. U.S. currency is also popular with collectors who determine the value of a piece based on Commemorative Coins Caring for your collectibles is essential for preserving their appearance and protecting their long-term value. Buy the reference books, join a discussion group or club focused on your interests (such as Early American Coppers EAC), and ask other experienced members and friends. Wide margins. For Sale: 6 Israel Silver Commemoratives At Melt + Shipping For Sale: ATB Quarters S Mint Business Strike Complete Sets For Sale: 1995, 1999, 2000 US Silver Proof Sets For Sale: 1951-S Franklin Half - Nice Color For Sale: 1924-S Standing Liberty Quarter For Sale: 2021 Fender Stratocaster Guitar Shaped Silver 1 Oz Coin Solomon Islands $2 Coin For Sale: 4 Circulated Morgan Dollars For Sale: 1877 . The only other coin to have sold for more than the 1804 Bust dollar is the 1933 Double Eagle which brought in over $7.5 million at auction. Therefore, its common for counterfeits and master copies of (Draped) 1804 silver dollars to exist. They are identified by nicknames based on prominent owners, or the first individuals known to have possessed the coins. [30] It is unknown why that date was chosen for the dollars, but numismatic historian R.W. The 1804 dollar or Bowed Liberty Dollar was a dollar coin struck by the United States Mint, of which fifteen specimens are currently known to exist. These common marks have lead others to nickname these the vampire counterfeits, although there must be a genuine source example out there somewhere! . They struck only eight of these coins, four for such diplomatic presentations and four for exchange with coin collectors for additions to the Mint Cabinet Collection. The 1804 Draped Bust silver dollar is full of history and interesting twists and turns! The full history of this fascinating coin did not come to light until more than a century after its actual creation. [36] Although coin restrikes were created openly at the Philadelphia Mint from the 1830s, the practice became clandestine by the end of the 1850s. As I have previously noted, a Red Book would help weed many of these out. We feature .999 pure silver and luxuriously silver-plated items you'll be thrilled to add to your collection. 1804 Dollar ($1) Replica 1 Ounce .999 Silver Medallion with Heraldic Eagle Reverse Replica. Skip to main content. Free shipping for many products! Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Liberty Coin & Currency specializes in rare coins and currency. Coin The 1804 silver dollar coins, known as "King of American Coins," were specifically struck in 1834 to be given by the U.S. State Department as diplomatic gifts fit for a king. After the sale of his collection, the coin was eventually given to the Massachusetts Historical Society, who then sold it as a part of their collection to a private Chicago collector. Most of them have been auctioned off in recent years. Many counterfeits & copy's exist . is supposed to be 1 troy oz., it should weigh in close to 31.10grams [59] Before such time, the actual year in which they were struck remained contentious among numismatists. Draped Bust silver dollars were struck from 1795 to 1803. 72. Canadian Stacker 20K views 4 years ago Is it. In 1858, restrike versions of the 1804 silver dollar began appearing, bearing the bust of Lady Liberty. They have been divided into 3 classes (based on the specific design and striking variations and whether the coins are original or restrikes). U.S. Toll-free Customer Service1-877-807-MINT (6468) Hours of Operation:8AM to 7PM ETMonday through Fridayand 10AM to 6PM on Saturday. Ive authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! Back in the 1960's and 1970s, two pieces went missing after they were stolen from the du Pont collection. By Erin Theis - Unlike the original strike, these five had plain edges and were far too light for legal tender. Coins, Precious Many fantastic speculations were made as to what happened to the coins, but the real reason for this low survival rate is that none of the 1804 dollars were actually struck in that year. 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. In 1804 bore the date 1803, the exact cost may differ on. Peso pesa 23 gramos a que se debe browser for the next time I comment legal tender dollars but... From 1795 to 1803 Original Pre Morgan Souvenir coin Hobo coin Lucky coin Hobby collection a... 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