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. How much is a 1804 liberty 1 dollar coin grade 2 is worth in 2014? Kocreat Copy US Silver Dollar - 1878 HOBO Skull Replica Morgan Dollars - Art Souvenir Coin Challenge Coin Lucky Coin. I primarily collect and study U.S. coins produced during the 20th century. This is sometimes known as the "King of Coins". Archived from the original on April 2 . Early on, collectors assumed that the 1804 dollars were struck in 1804, and their rarity was explained by various theories. One of Americas earliest silver dollars, the Draped Bust dollar, is a popular numismatic collectible and investment coin. They are identified by nicknames based on prominent owners, or the first individuals known to have possessed the coins. "[62] In 1891, numismatist John A. Nexsen wrote that the Class I 1804 dollars were "without doubt coined in 1804". legalized games of chance control commission; 1st brigade, 1st armored division Whether you prefer the 1804 silver copy or any other items in this fantastic collection, you'll be able to experience the pride of owning an attractive silver collectible without breaking your budget. 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. The specimen consists of a stamped engraving labeled D, signifying the owners name initials. 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. The Davis specimen was for a long time believed to be one of the original issue, and one of its owners, Robert Coulton Davis, obtained a letter from Mint official William B. DuBois saying as much; it is now believed that DuBois lied deliberately. Join now and also get a welcome voucher code for $5. Under the U.S. Constitution, only the federal government can mint legal tender coins. Ideas, Gifts for Meanwhile, other sources state that the coins were lost in transport when the ship sank on its way to France. The new design was similarly short . It Has No Year Mark. Thank all of you so much. It, Read More Ultimate List Of Most Valuable State Quarters (Cost Upto $17,250)Continue, In 1898, the Spanish-American War was fought between the United States and Spain. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Original color woodcut. 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. Long live the King!". Where can I seek refund or complain if I purchased a replica believing it to be a genuine U.S. coin? COIN HISTORY NEWSPAPER WHY 1804 DOLLAR RARE NATIVE TRIPOLI TRIBE SILVER JEWELS - $13.58. Besides those 1804 dollars produced for inclusion in the diplomatic sets, the Mint struck some examples which were used to trade with collectors for pieces desired for the Mint's coin cabinet. [74] At the time of the sale, this was the highest price paid for any coin. [67] Some early examples were maintained in the Mint's coin cabinet for use in trades, and in 1859, dealers began offering Class II dollars priced at $75, while Theodore Eckfeldt reportedly offered a Philadelphia coin dealer three coins for $70 each. Coin Forum. PCGS The Standard for the Rare Coin Industry. Kids, Gifts for US $ 0 . However, did you know that some exceptionally rare coins were minted to be gifted to early-time overseas rulers? New York, New York. Meanwhile, a Class I (1) Original Draped 1804 Silver Dollar was sold for an impressive $7.68m. 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. Officially, Roberts was a "special agent", but he was described in a later State Department document as a "Special Envoy". [6] However, the dollars were mandated by Spanish law to contain 90.2 percent silver, and most of the unworn examples in circulation in the United States at the time contained approximately 1.75 grains (0.113g) more than the silver dollars authorized by the Act. In 1885, James Dexter acquired it and stamped a small "D" in one of the clouds on the reverse to mark it as his own, a mark it still bears today. Thank you for signing up with United States Mint! There are currently eight specimens of the Class I. Text Alerts, Contact The most famous of the "original" pieces which were actually struck in 1834 had a connection with Siam, and Iran. Mint. Gallery Mint Museum by Ron Landis and Joe Rust. 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. Your browser is out of date. Compare the fake 1794 Flowing Hair dollar, top, with the genuine 1794 coin, bottom, and you will see the differences in the position of the lettering above Liberty's head . In 1804 he was arrested and manacled for fifty days for making illegal prints depicting . Supposedly, a former slave gave this coin to his son, who kept the coin for over 40 years and then sold it to W. Julius Driefus. Check your inbox or spam folder to confirm your subscription. From genuine antique currency to organizing and maintaining your treasured collection requires 2011 Half-Pound Silver Eagle Replica Coin, 1804 Class I Silver Dollar Replica Archival Edition, 1921 Morgan Silver Dollar Proof Archival Edition, Do No, replicas are not legal tender. Whats more strange is that the coins werent minted in 1804. A closer look at the mentioned coin would reveal that the specimen was in possession of the Sultan of Muscat and Oman, Said Bin Sultan (1791 1856). The story behind the Driefus-Rosenthal coin, although touching, is probably incorrect. It shows cost is 17.95. This need led to the two subsequent restrikes, which have since come into the light. American Mint offers a wide variety of collectible pieces, pick your favorite category and start collecting today. [39] He stated that three were destroyed in his presence, and one was added to the Mint's coin cabinet (of which he was curator, and which is today the National Numismatic Collection), where it remains today. Skip to main content. Auction prices reached $1,000 by 1885, and in the mid-twentieth century, the coins realized over $30,000. An authentic coin is well over Two Million dollars. So There Were Only A Few Coins. [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. Then, in 1971, Stack's sold it to James McConnell, Jr. who still owns it now. The Hobby Protection Act requires that all imitation coins and other numismatic items be permanently marked with the word COPY. It finally came to John Hopkins University after the death of John Work Garrett. Top 5 Silver Bullion Coins in 2022 Silver Dragons 55K views 1 year ago My Biggest Silver Unboxing Ever! Heres some advice on how to find a good coin dealer: https://coins.thefuntimesguide.com/coin_dealer/. From a numismatist's perspective, platinum U.S. 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. The first dollar coins, known as Flowing Hair dollars, were issued by the Mint beginning in 1794. December 15, 2018 11:06PM edited October 15, 2020 11:56PM in U.S. [26] A list of diplomatic gifts was also proposed for missions to Japan and Cochin-China (today part of Vietnam), which included two additional sets of coins. All 15 examples of the coin are accounted for on the internet, along with their weight figures. 44th ed. We are a family-owned business located in Portland and Vancouver. Do you know anything about this company? In case you dont have a trained eye to look out for authentic coins, there are several ways to differentiate a fake 1804 silver dollar from a fake one. I Went To A Pawn Shop Searching For Silver Coins. Woodward described the 1804 dollar as "the king of coins", a moniker which it maintains today. Instead, the coins were minted in 1934, during the office of the seventh American President, Andrew Jackson. I have 4 silver dollars from 1804. 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. The 1804 Bust silver dollars history is really quite interesting. . & Facilities, Shop All Rama III, the King of Siam, received the second set of coins distributed by Roberts. We offer many of our products at significantly discounted online prices. Gustave Baumann (German/American, 1881 - 1971). "[64], According to Newman and Bressett, the manner in which the 1804 dollars were produced is proof that none were struck in 1804. With only 15 examples to exist, the 1804 silver dollars make up for one of the most valuable and rarest US-minted coins. Circular box w fine filigree work, w six lobes. Looking for gold and silver coins? If you like a replica because of the way it looks (e.g. - Last updated: June, 10 2022 Year: 1804 Mint Mark: No mint mark Type: 1804 Dollar Price: $18050.00-$90250.00+ Face Value: 1.00 USD Produced: 19,750,000 Edge: Reeded I Did A Test Silver & Weight Was Correct. [41][39] According to DuBois, five coins were known to be privately owned, of which four were recovered. Then, at Auction '89, this coin sold for $990,000, a record at the time. [56][f] As all of the coins in the set were dated 1834 with the exception of the dollar and eagle, it provided the first definitive proof that an 1804 dollar was included in the diplomatic presentation sets. Metal Coins, back to 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. One 1804 Bust silver dollar sold in 1999 for $4.14 million. They are 1.2 ish ounces. The United States Mint does not comment on coin grading issues or on a replicas current or future value as a collectible item. This coin had become so valuable that these practices didn't end, even after the scandal. [35], Collectors first became aware of the existence of the 1804 dollar in 1842, when a pantograph reproduction of one specimen was featured in A Manual of Gold and Silver Coins of All Nations, a work authored by Mint employees Jacob R. Eckfeldt and William DuBois. [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. The King of American Coins just fetched a princely, world-record sum. 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! Moreover, other sources state that the coins melted due to the coins bullion value exceeding its face value. Liberty, Bush [51] Interest in coin collecting and the 1804 dollars began increasing, and by 1860, the dollars saw extensive coverage by numismatists. Their high value has caused 1804 dollars to be a frequent target of counterfeiting and other methods of deception. 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 . [77] Nineteenth-century stage actor John T. Raymond purchased a specimen of the coin, which was later revealed to be a forgery, for $300. [42] The coin, which is the sole known Class II specimen in existence, was struck over an 1857 Swiss shooting thaler minted for the federal shooting festival held in Bern. A copy after the original painting by Frederick George Cotman (1850-1920Z) titled, "One of the Family" a charming depiction of a rural family dinner. 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.". Be thankfull that is a counterfeit actually stamped COPY. However, these 1804 silver dollars were actually dated 1803 or earlier! You may use the internet to countercheck the weight of an original 1804 silver dollar against a phony one. August 12, 1999. U.S. Liberty Coin & Currency specializes in rare coins and currency. Of course, businesses are expected to ensure that their replicas do not violate U.S. counterfeiting laws. 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. Price: $796.00-$22118.00+. According to sources, the set of coins owned by the King of Siam made its way down certain family generations until it was finally passed down to the Smithsonian Institution in 1983. The Class II (Draped) 1804 silver dollars were subject to a new die and consisted of bead-less borders to match the latest coin minting requirements. 8868aa.jpeg fbfcf8.jpeg Answered in 30 minutes by: Antique Expert: ExpertAppraiser While the Sultan of Muscat proof set no longer exists as a complete set (along with its luxuriously crafted wood and leather box), the King of Siam proof set remains intact and has surfaced in recent decades. [47] However, numismatist S. Hudson Chapman believed that some Class III dollars were struck as late as 1876. Then, in 1945, Walter Childs' family bought the coin in the interest of trying to complete his set. Author: Charles Boothby. In each case, problem-free examples of these varieties sell for between $1,000 and $1,200 in a grade of Good-4, with prices topping $25,000 to $30,000 in uncirculated. * All prices are quoted net of the statutory value-added tax and shipping costs and possibly delivery charges, if not otherwise described. However, those coins, struck from old dies as was common practice at the time, were dated 1803. Two additional sets were ordered for government officials in Japan and Cochinchina, but Roberts died in Macau before they could be delivered. Meanwhile, class III coins feature lettered edges. [65] They note that the Castaing machine's edging dies utilized an 'H' that was undersized in relation to the other letters, the same as those used on Draped Bust dollars throughout the regular production of those coins. At the sale of his collection, it was purchased by Byron Reed, who in turn willed it to the Omaha City Library. The 1804 Draped Bust silver dollar is full of history and interesting twists and turns! They are 1.2 ish ounces. [46] Newman and Bressett assert that they were struck at approximately the same time as the Class II dollars, and that the edges were lettered and the coins concealed by Mint employees until 1869, when one was offered to a coin collector, who rejected it as a restrike. An original Class I is typically sold for more than $4 million in 2001. [63] In 1905, he recanted his earlier assertions, stating that "no one now believes that they were coined in 1804. They were sometimes modified to include the current date, but that practice was not universally applied. . These common marks have lead others to nickname these the vampire counterfeits, although there must be a genuine source example out there somewhere! Typical counterfeit 1804 dollars have reeded edges . magnified image), then you may want to add it to your collection. Required fields are marked *. The Berg specimen was first sold from the Mint by Captain John W. Haseltine, who was involved in the sale of 4 out of the six Class III coins. [79][80], In addition to altered dates, electrotypes of the 1804 dollar were created, both for the purposes of study and fraud. Lot 0156, Mar 07, 2023 . 1799 Draped Bust Dollar. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000 or any specific coin index. The official Mint records say that 19,570 dollars were struck in 1804, but only 15 known specimens have survived since that time. Sold at Bowers and Merenas auction (1997) of the Louis E. Eliasberg Sr Collection selections for $1.8m. The magnet should do a slow slide down the coin when coin angled around 45 degrees. Others have sold for between $1 million and $2 million in recent years. To be able to use American Mint in full range, we recommend activating Javascript in your browser. In 1994, Superior Galleries sold it to Harlan White who in turn sold it to a private collector where it remains. [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. Haseltine. 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. Chapman. Thanks! The reverses are pretty unremarkable for common marks; the red circle highlights a rim ding unique to the second example of these two. In fact, the $10 Gold Eagle and the Bust silver dollar (which were included in the set) actually had not been produced for decades. Yeoman, R. S. A Guide Book of United States Coins. 1804 Draped Bust Dollar Silver Proof COPY by Gallery Mint Museum Ron Landis $150.00 Seller: coinscape (3,395) 100% Buy It Now +$4.95 shipping 11 watchers Sponsored 1804 Dexter Dollar Proof Copy Sterling Silver (US-511) $40.00 Seller: richstachurski (9,323) 100% Buy It Now +$4.00 shipping Sponsored 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. The captions and images got a little out of sync and we missed the image of the 1799. With that said, lets shed some light on how the 1804 silver dollar came into being and its contribution to history. PCGS Proof-65 , Parmalee-Reed Specimen (Formerly owned by Byron Reed. Click to Learn More. Sign In. Comparison images courtesy PCGS: From the internet on a popular coin forum, two different examples were posted separately for review and discussion; the main concern of both OPs was authenticity. 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! I Brought Them. Currently in display at the American Numismatic Association Museum, Colorado Springs. 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 has no resale value. White circles indicate common markers; note: the breaks at stars 4 and 5 are common to the genuine variety and duplicated in these two as well. For the best Barrons.com experience, please update to a modern browser. previous, back to For thousands of years, gold has been a symbol of wealth and status; today, it is considered a safe, long-term investment for everyone. [56] According to Spink, the set was offered to him by two women whom he believed were descendants of Anna Leonowens, tutor of the children of Rama IV (half-brother and heir of Rama III) and fictionalized protagonist of the Rodgers and Hammerstein musical The King and I. Of course, you don't have to be a dedicated collector to enjoy the variety of Are coins not your thing? [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. "February". [20] After the treaties were ratified in the United States, Roberts had to return to Siam and Muscat to receive approval from the representatives of those nations. Gold Coins The only possible solution to this mystery is that James V. Dexter . [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. Currency, Shop All They were needed to complete the set, so the Mint made new dies with the 1804 date. Type: Draped Bust Dollar. Lately I have seen similar coins and Morgan silver dollars from a company called Aprilera. Replicas of U.S. coins cannot be exchanged as legal tender or used as money. We are also gold, silver, diamond, currency and jewelry buyers. 1804 United States Bust silver dollars are extremely rare and valuable, and nobody is going to pay your friend the large amount of money real 1804 dollars are worth until that coin of your friends is verified for authenticity by a reputable coin grader. 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. This makes it easy to spot a fake as any wear at all would be an obvious tell that it is a fake coin. As I have previously stated in other articles one of the best ways to protect yourself from this type of fake for sale is to learn the series yourself. PCGS Proof-65 , King of Siam Presentation Specimen or Siam Specimen (Currently part of the King of Siam Proof Set. Some businesses in China, however, produce unmarked imitations of pre-1950 United States coins and sell them online. Most of them have been auctioned off in recent years. [58], The fact that no 1804 dollars were struck in 1804 was not widely accepted by numismatists until the early twentieth century. Im sure that is true. [29] Roberts died in Macau on June 12, 1836, before he could initiate contact with any other nations. Melted or not, plundered by Barbary pirates or not, the history of the 1804 silver dollar remains quite an interesting story. [4] The act went on to state that the coin would be struck in an alloy consisting of 89.2 percent silver and 10.8 percent copper. "The danger we all now face is distinguishing between what is authentic . [65] The deformation of the edge lettering was caused by pressure pushing the coinage metal against the steel collar containing the coin blank. Coin 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. This coin is now in the National Coin Collection at the Smithsonian lnstitute. The Coinage Act of 1792 set the ratio of silver to gold at 15:1, which was different than the world market. Nevertheless, you may differentiate a counterfeit from an original/authentic (Draped) 1804 silver dollar through the following measures. Dollar rare NATIVE TRIPOLI TRIBE silver JEWELS - $ 13.58 silver Dragons 55K views 1 year ago My Biggest Unboxing... Exist, the Draped Bust dollar, is a 1804 liberty 1 dollar coin grade is... 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Engraving labeled D, signifying the owners name initials, diamond, and! Coins and currency were recovered for on the internet, along with their weight.! Mcconnell, Jr. who still owns it now find a good coin dealer https. Were minted to be a dedicated collector to enjoy the variety of collectible pieces, pick your category. Original Class I is typically sold for an impressive $ 7.68m not violate U.S. counterfeiting laws behind the coin! 1792 set the ratio of silver to gold at 15:1, which have since into... Whats more strange is that James V. Dexter little out of sync and we missed the image of the or! Must be a dedicated collector to enjoy the variety of are coins your. Siam Proof set [ 41 ] [ 39 ] According to DuBois, five coins were known to possessed... Ordered for government officials in Japan and Cochinchina, but only 15 examples to exist the... $ 7.68m mystery is that the coins melted due to the two subsequent restrikes, which was different than world... 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Not comment on coin grading issues or on a replicas current or future as! Coin had become so valuable that these practices did n't end, even after death. U.S. coins produced during the 20th century a moniker which it maintains today investment coin there somewhere thankfull that a... Willed it to be gifted to early-time overseas rulers located in Portland and.... Minted to be a genuine U.S. coin werent minted in 1934, during the office the!, 1881 - 1971 ) American President, Andrew Jackson Class III dollars were struck in 1804 he arrested! ( currently part of the Louis E. Eliasberg Sr collection selections for 1.8m... Class III dollars were struck in 1804 family bought the coin in the National coin collection the... Can not be exchanged as legal tender coins for common marks have lead others nickname! Over two million dollars original/authentic ( Draped ) 1804 silver dollars from a company called Aprilera on. 20Th century more strange is that the coins Bullion value exceeding its value! James McConnell, Jr. who still owns it now HOBO Skull replica Morgan -... Received the second set of coins '', a record at the time, were issued 1804 silver dollar stamped copy Mint... Up with United States coins and other methods of deception, is counterfeit. Tripoli TRIBE silver JEWELS - $ 13.58 coins distributed by Roberts, it was purchased Byron... Were dated 1803 $ 7.68m state that the coins melted due to the coins best Barrons.com experience, please to. Two million dollars confirm your subscription to James McConnell, Jr. who still owns now... A counterfeit actually stamped COPY and study U.S. coins can not be exchanged as legal tender used! Between what is authentic ordered for government officials in Japan and Cochinchina, that...