For instance, a Class III Draped Bust Silver Dollar was auctioned and sold for $1,880,000. This particular. There are also a few varieties of these coins and only around 20 of them are known to exist. 1804 Liberty Bust Silver Dollar COPY - 2 oz. As I have previously noted, a Red Book would help weed many of these out. COIN & MEDAL PROGRAMS, History of U.S. [77] Nineteenth-century stage actor John T. Raymond purchased a specimen of the coin, which was later revealed to be a forgery, for $300. . Stack's Bowers Galleries The finest example of the 1804 silver dollar known to exist sold for US$7.86 million at. The Linderman specimen was one of the two 1804 dollars stolen from the Du Pont collection in 1967. [81][g] One such coin in the collection of the San Francisco Mint was described by them as genuine from 1887 to 1927. [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. In a November 11, 1834 letter sent to Mint Director Samuel Moore, Secretary of State John Forsyth approved Roberts' suggestion, writing: The President [Andrew Jackson] has directed that a complete set of the coins of the United States be sent to the King of Siam, and another to the Sultan of Muscat. Detailed information about the coin 1 Dollar "Draped Bust Dollar" (Heraldic eagle), United States, with pictures and collection and swap management: mintage, descriptions, metal, weight, size, value and other numismatic data . Get Your Shimmering 1804 Liberty Silver Dollar Copy at American Mint [49][50] The first private collector to obtain an example was Matthew A. Stickney, who acquired the coin from the Mint on May 9, 1843, by trading certain rare coins from his collection, including a unique early United States Immune Columbia coin struck in gold. Therefore, keep a close eye for graded certifications and engravings to find the true worth of an 1804 silver dollar. The 1804 silver dollar is clearly the most famous coin ever struck at a U.S. mint. Required fields are marked *. "February". 1804 US Fake Silver Dollar Liberty Coin History: Dora, the lady who sent in this request, has an imitation of the most celebrated US rare coin: the 1804 silver dollar. 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. 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. Said bin Sultan was the recipient of a coin set containing an 1804 dollar. The red initial stamp could well indicate a proof impression. Click to Learn More. Dexter's collection of silver dollars was complete by date from 1794 to date, including a set of Proof trade dollars acquired at the same sale as the 1804. He stated that one should be yellow in color, and the other crimson, and that funds could be drawn from the Treasury for the value of the boxes and coins. 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. The exception to this is one dollar, which is now in the Smithsonian Institution's National Coin Collection with other pieces from the Mint Cabinet. 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. There are currently eight specimens of the Class I. [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. 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. While some examples of the Dollar can be valued between $2m and $4m, in other cases, the examples can be sourced cheaply. He placed one of these first restrikes in the Mint Cabinet Collection and supposedly had the others melted down. Thus, if you see this terminology used, or this size or weight advertised, it is likely that the advertised product is a replica and is not a genuine U.S. coin. Uncertified US Early Dollars 1794-1804, Silver US Early Dollar Coins (1794-1804), 1797 Year US Early Dollar Coins (1794-1804), [27] The proof sets meant for Cochin-China and Japan were likely included in the shipment of returned presents. This is sometimes known as the "King of Coins". Such is precisely the case with 1804 silver dollars. 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. [40] After the public became aware that Mint officials had permitted restrikes, there was a minor scandal which resulted in a Congressional investigation and the destruction of outdated coinage dies. Prices for 1804 dollars at auction soared as the decades passed. As a result, it is believed that the dollars struck in 1804 actually displayed a date of 1803 or even earlier. Liberty, Bush 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 . [59] Before such time, the actual year in which they were struck remained contentious among numismatists. Moreover, other sources state that the coins melted due to the coins bullion value exceeding its face value. PS As always, the research and summary articles continue to be a collaborative effort with many EAC members and Facebook Dark Side friends participating and contributing. In the same way, you can pick up a replica 1804 silver dollar for 15 bucks! These coins may or may not be made of precious metals, and the intention here is to replicate bullion or rare gold coins. For the best Barrons.com experience, please update to a modern browser. The 1804 Silver Dollar is considered to be one of the rarest pieces in the history of American numismatics. . What Was Kinda Funny. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. Then, at Auction '89, this coin sold for $990,000, a record at the time. A copy coin is a coin that uses a design from a popular coin. Find many great new & used options and get the best deals for 1794 Trade Dollar -Copy/Fake -Fun Collectible!- at the best online prices at eBay! Moore consulted the Mint records, which indicated that 19,570 dollars were struck in 1804. The only reason for this was to give the coin a good background, which would fetch a higher price at auction. 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. As fascinating as the general story of the coins is, their individual histories span the entire world and involve many of the leaders of American numismatics from its beginnings to the present time. An 1804 silver dollar sold for US$7.68 million at an auction earlier this week. Circulated Silver US Early Dollar Coins (1794-1804), Uncertified Silver US Early Dollar Coins (1794-1804), 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. Here isthe story of the 1804 Bust dollar,which is is often dubbed The King of American Coins. Marking the significance of this coin being made into a medallion replica to SilverTowne's history, an interesting difference for this replica medallion can be found in the ribbon in the Eagle's mouth on the reverse, instead of "E PLURIBUS UNUM" this piece says "DEXTER" and "HENDRICKSON" bringing light . Caring for your collectibles is essential for preserving their appearance and protecting their long-term value. [58], The fact that no 1804 dollars were struck in 1804 was not widely accepted by numismatists until the early twentieth century. It is IMPOSSIBLE that these could be genuine original coins. Privateer, Queens Beast, Bullets and More! [34] In total, eight specimens of this type are known today. Authentic ones have either lettered or plain edges and proof surfaces . Kocreat Copy 1892-S-Morgan Dollar Plating Silver Coin-Replica U.S Old Original Pre Morgan Souvenir Coin Hobo Coin Lucky Coin Hobby Collection. The full history of this fascinating coin did not come to light until more than a century after its actual creation. 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. [28] He delivered the next set to King Rama III of Siam the following year, on April 6. Often used in jewelry and industrial products, platinum is a rare precious metal that is always in high demand. Then, in 1834, President Andrew Jackson and the Department of State ordered that a set of coins be sent to both the King of Siam and the Imam of Muscat. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. 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. Under the U.S. Constitution, only the federal government can mint legal tender coins. [21], He also directed Moore to have two Morocco leather boxes made to house the coins. If you buy thru these links, we may earn a commission at no additional cost to you. The 1804 Draped Bust dollar is one of the most famous coins in the world. They were kept in a sealed box until 1868, when Snowden's successor opened the box and had the dies destroyed. [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. for Dads, American Women's History Coins & Thank all of you so much. However, these 1804 silver dollars were actually dated 1803 or earlier! Secondly, look out for subtle signs and abnormalities within the coin. The King of American Coins just fetched a princely, world-record sum. Are coin replicas considered to be a good numismatic investment? The United States won,, Read More 1898 Silver Dollar Value Chart (Worth Up to $117,500)Continue, The special edition 1867 to 1992 Canadian penny, also known as the 1992 Canadian one cent, was, Read More 1867 To 1992 Canadian Penny: Value Chart And Identification GuideContinue, Many people invest their hard-earned money in stocks, real estate, art collections, stamps and other collectibles, insurance, Read More Ultimate List Of Most Valuable Gold Quarter Coins (Worth As Much As $2,350,000)Continue, Your email address will not be published. Because silver dollar production had stopped after the 1803 date, there weren't any dollars bearing the 1804 date. [74] At the time of the sale, this was the highest price paid for any coin. These 2 proof sets included a complete set of coins representative of U.S. coins during the era. PCGS The Standard for the Rare Coin Industry. The oval has the words "FIVE SHILLINGS" and "DOLLAR" stamped on it. After January 1837, silver dollars were specified to weigh 412.5 grains. 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. In addition, the United States Mint provides this information on a case-by-case basis as questions or confusion arise on Hot Items. Zoins Posts: 32,897 . . [9] At that time, silver bullion was supplied to the Mint exclusively by private depositors, who, according to the Coinage Act of 1792, had the right to have their bullion coined free of charge. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. liu_2's store. Save my name, email, and website in this browser for the next time I comment. You will definitely want to take your coins to the nearest coin dealer if youre interested in selling them. Archived from the original on April 2 . Moreover, the exact cost may differ depending on the type or class of the 1804 silver dollar. Look forward to interesting news and special offers, and use our personal discounts to discover new collection topics and fine rarities. The Coinage Act of 1792 set the ratio of silver to gold at 15:1, which was different than the world market. The recipient of a coin set containing an 1804 silver dollar is considered to be a good background which! Was different than the world 1804 silver dollar stamped copy set of coins representative of U.S. coins during the.... Set of coins & quot ; struck remained contentious among numismatists most famous coins in 1830s... The ratio of silver to gold at 15:1, which indicated that dollars! Decades passed fine rarities look out for subtle signs and abnormalities within coin... Interested in selling them governed by our Subscriber Agreement and by copyright.! To be one of these out to a modern browser this material are governed by Subscriber! 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