It was sent to a sale in Germany by the Chapman brothers, who then bought it back. Toll-free Customer Service Number: You will benefit from our experienced staff and international trade partners: we can offer you select rarities at especially fair prices. I would like Who can help me. 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 Numerous fake 1804 Bust dollars have notoriously been sold to some unsuspecting people as genuine. 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. [75] In 2008, a Class I example was sold by Heritage Auctions for $3,737,500, and a Class III was sold by the same firm for $2,300,000 in 2009. Many counterfeits & copy's exist . The single finest example of the 1804 US silver dollar sold for an astonishing $7.68 million at a Stack's Bowers Galleries . [30] It is unknown why that date was chosen for the dollars, but numismatic historian R.W. No one outside of the Mint had obtained solid proof of their existence until this time, although there were rumors in the numismatic circles of the day. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. Then, in May of 1843, Matthew A. Stickney of Boston exchanged a 1785 IMMUNE COLUMBIA in gold for an 1804 specimen and became the first outside collector to attain one. Your satisfaction is guaranteed. 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. Today, it is owned by Spectrum Numismatics, who bought it in 1993. 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 . [65] Additionally, many 1804 dollars were struck in proof finish, a technique which was first employed at the Mint in 1817. Thanks! If you buy thru these links, we may earn a commission at no additional cost to you. Class I dollars were made around 1834. Antique Chinese Silver Enamel Tea Box, Inlaid coral. Gustave Baumann (German/American, 1881 - 1971). The Hobby Protection Act requires that all imitation coins and other numismatic items be permanently marked with the word COPY. legalized games of chance control commission; 1st brigade, 1st armored division [40] In 1883, a Class III dollar was reportedly purchased in Vienna for $740, and a Class I specimen was auctioned for $1,000 in 1885 by Henry and Samuel H. Sign up now to join our e-mail list and ensure that you will no longer miss any offers from American Mint. Type: Draped Bust Dollar. Coins, American 3 days Left 1923 German Stamp Album that References England Using Stamps 4 Espionage & Germany's Economic issues $55. However, did you know that some exceptionally rare coins were minted to be gifted to early-time overseas rulers? The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. Then, in 1971, Stack's sold it to James McConnell, Jr. who still owns it now. With only 15 19 ever existing, the chances of you owning one or the chances of a specimen going for sale are next to none. [76] Although Bolen added his name to the edge of the coin, other forgers created altered date coins with the intent to deceive. [19] Roberts was given items which were to be presented as gifts to the officials with whom he was negotiating, but described them as being of "very mean quality, and of inconsiderable value". [37] In the decades after the first 1804 dollars were produced, collectors became aware of their existence and desired to obtain them. One of the best things about collecting coins is that it providesa lens through which you can explore a range of different subjects. 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. For instance, a Class III Draped Bust Silver Dollar was auctioned and sold for $1,880,000. Real Helpful. They have been divided into 3 classes (based on the specific design and striking variations and whether the coins are original or restrikes). 1804 BB-304 Draped Bust Silver Dollar Value 1804 BB-305 Draped Bust Silver Dollar Value 1804 BB-306 Draped Bust Silver Dollar Value What to Know Before You Sell. Later, electrotype copies of this coin were made for sale to collectors, although they are not recognized as authentic today. [72], The price reached an all-time high in 1999, when the finest known specimen, graded Proof-68 by the Professional Coin Grading Service, which is believed to have been the example presented to Said bin Sultan, was auctioned by Bowers and Merena for $4,140,000. 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. U.S. currency is also popular with collectors who determine the value of a piece based on Commemorative Coins 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. 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. [36] Although coin restrikes were created openly at the Philadelphia Mint from the 1830s, the practice became clandestine by the end of the 1850s. [7] In 1793, President George Washington signed into law a bill which declared Spanish milled dollars legal tender, provided that they weighed no less than 415 grains (26.9g), which meant that at the lowest weight allowed by law, the Spanish dollars would contain approximately 0.5 percent less silver than the United States dollar coins. One 1804 Bust silver dollar sold in 1999 for $4.14 million. 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. Coins, American Coin Businesses do not need the U.S. Governments permission to produce replicas of U.S. coins, unless the U.S. Government owns copyright in the coin design in question. The PCGS3000 reflects the opinions of PCGSs coin price experts with respect to indexes developed by PCGS for specific coin categories. 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 The 1804 Bust silver dollars history is really quite interesting. The official Mint records say that 19,570 dollars were struck in 1804, but only 15 known specimens have survived since that time. 26257 Posts. Engraved Prints, Shop All Gift Because silver dollar production had stopped after the 1803 date, there weren't any dollars bearing the 1804 date. Join now and also get a welcome voucher code for $5. What do I do when my frend want to sell it. Moreover, class II coins pack a relatively smoother and plain edge (with no lettering). The Sultan of Muscat . 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. And review similar items on the internet: major auction house sales archives and NGC and PCGSs variety pages are great online resources. A closer look at the mentioned coin . With each (sets of) coin(s) having a different story to tell, deciding whether its sky-rocketing price is justified remains up to you. Haseltine. The dollar was eventually sold to B. Max Mehl and on to Harold Bareford. Only seven (Draped) 1804 silver dollar examples were ever minted. [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. After a series of attempted robberies, it was placed first in a bank vault and was then moved to the Western Heritage Museum, where it remains today. For instance, a wrong font used, poor letter positioning, dull/washed-out surfaces, irregular patterns, and other unnatural appearances on the coins surface are all signs giving away a bogus 1804 silver dollar. Lately I have seen similar coins and Morgan silver dollars from a company called Aprilera. [11] This contributed to a shortage of small change in circulation, and as a result, the public became increasingly critical of the Mint. Privateer, Queens Beast, Bullets and More! [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. And of course, there is a 1798 version complete with matching family marks! From a numismatist's perspective, platinum U.S. 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. Be thankfull that is a counterfeit actually stamped COPY. The only possible solution to this mystery is that James V. Dexter . [21].mw-parser-output .tmulti .multiimageinner{display:flex;flex-direction:column}.mw-parser-output .tmulti .trow{display:flex;flex-direction:row;clear:left;flex-wrap:wrap;width:100%;box-sizing:border-box}.mw-parser-output .tmulti .tsingle{margin:1px;float:left}.mw-parser-output .tmulti .theader{clear:both;font-weight:bold;text-align:center;align-self:center;background-color:transparent;width:100%}.mw-parser-output .tmulti .thumbcaption{background-color:transparent}.mw-parser-output .tmulti .text-align-left{text-align:left}.mw-parser-output .tmulti .text-align-right{text-align:right}.mw-parser-output .tmulti .text-align-center{text-align:center}@media all and (max-width:720px){.mw-parser-output .tmulti .thumbinner{width:100%!important;box-sizing:border-box;max-width:none!important;align-items:center}.mw-parser-output .tmulti .trow{justify-content:center}.mw-parser-output .tmulti .tsingle{float:none!important;max-width:100%!important;box-sizing:border-box;text-align:center}.mw-parser-output .tmulti .tsingle .thumbcaption{text-align:left}.mw-parser-output .tmulti .trow>.thumbcaption{text-align:center}}, In their book The Fantastic 1804 Dollar, numismatic historians Eric P. Newman and Kenneth E. Bressett assert that a problem arose at the Mint as to how to interpret Forsyth's order. 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. Some businesses in China, however, produce unmarked imitations of pre-1950 United States coins and sell them online. 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! Approximately five pieces were produced in conjunction with Theodore Eckfeldt, who had been fired earlier from the Mint for stealing. What is the value of 1804 silver dollar copy from gallery mint museum eureka springs AR 1992 in box as shipped with a . An original Class I is typically sold for more than $4 million in 2001. I have 4 silver dollars from 1804. . A rare, 1804 silver dollar dubbed the "King of American Coins" sold at auction in mid-August for $7.68 million, according to Stack's Bowers Galleries in Costa Mesa. From their discovery by numismatists, 1804 dollars have commanded high prices. Numismatists first became aware of the 1804 dollar in 1842, when an illustration of one example appeared in a publication authored by two Mint employees. Face Value: 1.00 USD. To order your silver coin replicas, select the items you wish to purchase, add them to your shopping cart, and complete the simple, secure checkout process. You may use the internet to countercheck the weight of an original 1804 silver dollar against a phony one. Widely noted as the King of American coins, 1804 Draped Bust dollars are the poster child of United States rare coins and represent the holy grail of collecting for many hobbyists. The first thing that comes to mind when you think of a coin is its use as a medium of exchange (or a legal tender). [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. 44th ed. [71] A Class I specimen brought $77,500 at a 1970 Stack's auction, and during a 1980 rise in coin prices, a Class III example sold for $400,000 by Bowers and Ruddy Galleries. Even though the U.S. Mint shows a record of minting a total of 19,570 1804 silver dollars, only 15 of those coins are ever accounted for. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. 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. 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. Most Valuable Quarters: A List Of Silver Quarters & Other Rare Quarters You Should Hold Onto! The red initial stamp could well indicate a proof impression. American old replica coins 1906 US Liberty 1 dollar copy coin Ellis island antique silver plated copper collectible coins +Shipping: US $1.72. Rama III, the King of Siam, received the second set of coins distributed by Roberts. Two additional sets were ordered for government officials in Japan and Cochinchina, but Roberts died in Macau before they could be delivered. They are 1.2 ish ounces. The controversy prompted William E. DuBois, Mint Assayer, to try, in 1860, to recall the examples of the 1804 dollar in private hands. No, replicas are not legal tender. In fact, the $10 Gold Eagle and the Bust silver dollar (which were included in the set) actually had not been produced for decades. Facilities, Production Counting both originals and official restrikes, only 15 of the 1804 Draped Bust silver dollars are known to exist. Jack D. Young. In 1834, two special proof sets were produced as gifts for the King of Siam and Sultan of Muscat. Perhaps the most ironic part of the story is this: 1804 Bust silver dollars were not struck in 1804! Julian suggests that it could have been done to prevent angering collectors who would not have been able to acquire the 1834-dated coin for their collections; Chief Coiner Adam Eckfeldt, after consulting with Moore, mistakenly determined that 19,570 dollars bearing the date 1804 were struck in that year. 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 Draped Bust, Heraldic Eagle Reverse silver dollar was introduced in 1798 as an update to the Small Eagle Reverse type that had been minted from 1794 to 1798. 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. 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. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. After the sale of the Stickney, Ellsworth, and Atwater collections, Louis Eliasberg kept R until his death in 1976. .999 Fine Silver Proof of 1798 Turban Head Small Eagle Gold Plated Copy $77.50 Seller: jameson11 Condition: Proof 1776 Continental Curency Dollar Replica Coin COPY $5.00 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. The 1804 Draped Bust silver dollar is full of history and interesting twists and turns! Melted or not, plundered by Barbary pirates or not, the history of the 1804 silver dollar remains quite an interesting story. On June 30, Edmund P. Kennedy, commodore of the diplomatic fleet, wrote to the State Department that he had "directed that the presents [which remained ungifted due to Roberts death] be forwarded to the United States". 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. [47] However, numismatist S. Hudson Chapman believed that some Class III dollars were struck as late as 1876. It was common practice in those days to use dies as long as they were serviceable, and it is likely that all silver dollars stuck in 1804 were actually dated 1803. Broken Arrow, Oklahoma. The 1804 silver dollar is clearly the most famous coin ever struck at a U.S. mint. How can I distinguish between advertisements for genuine U.S. coins and those for coin replicas? [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. I first chose the coin because of the abundance of information available, but after reading and learning about it, I can agree with what Kenneth Bressett said in his piece on the dollar, "The King of Coins was originally made for a king, and has held its royal place ever since. US $ 0. Currently in display at the American Numismatic Association Museum, Colorado Springs. magnified image), then you may want to add it to your collection. [5] The purity and weight standards outlined in the Act were based on the mean of several assays conducted on Spanish milled dollars. Mysterious Disappearance According to U.S. Mint records, there were 12,000 circulation strike Morgan silver dollars struck for 1895, and 880 Proof specimens struck. US $ 0 . for Dads, American Women's History Coins & We feature .999 pure silver and luxuriously silver-plated items you'll be thrilled to add to your collection. [44] The obverse coinage die used to strike the Class II and Class III 1804 dollars was deposited in safekeeping in 1860, and the reverse die was destroyed in that year. But what makes these 1804 dollars so special? [84], More modern replicas, known as "Saigon copies", were commonly offered as original at low prices to American soldiers during the Vietnam War. The Coinage Act of 1792, the legislation which provided for the establishment of the Mint of the United States (today the United States Mint), authorized coinage of multiple denominations of gold, silver and copper coins. They tried everything to make this set of coins look authentic. With only 15 examples to exist, the 1804 silver dollars make up for one of the most valuable and rarest US-minted coins. Unlike the original strike, these five had plain edges and were far too light for legal tender. At first glance, one may think that the 1804 silver dollars were minted in 1804, which is a rookie mistake. Many businesses allow the return of merchandise within 30 days, no matter what the circumstances. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. [58], The fact that no 1804 dollars were struck in 1804 was not widely accepted by numismatists until the early twentieth century. The only reason for this was to give the coin a good background, which would fetch a higher price at auction. In 1999, a Class I example sold for $4.14 million, then the highest price paid for any coin. The 1804 silver dollars are also some of the rarest and most valuable of all US coins. Canadian Stacker 20K views 4 years ago Is it. 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