how many 1804 silver dollars are there

[39] Those coins, which became known as "Class II" 1804 dollars, had plain, unlettered edges, as opposed to standard issue Draped Bust dollars and those struck as diplomatic gifts, all of which had edge lettering applied by the Castaing machine. This is sometimes known as the "King of Coins". "[62] In 1891, numismatist John A. Nexsen wrote that the Class I 1804 dollars were "without doubt coined in 1804". The numbers come from the United States … [53] Numismatic historian Q. David Bowers asserts that the 1804 dollar has attracted more attention than any other coin. 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. Although the dollars struck in 1804 bore the date 1803, the eagles struck in that year were not antedated. Rama III, the King of Siam, received the second set of coins distributed by Roberts. [68][69] In 1903, an example sold for $1,800, and the same coin reportedly sold for $4,250 in 1941. [72][73] A Class I example reached $990,000 at a Superior Galleries auction in 1990, and an example once owned by coin collector Louis Eliasberg became the first 1804 dollar to surpass $1 million at auction, selling for $1,815,000 at a sale conducted by Bowers and Merena, Inc., in 1997. Draped Bust silver dollars are early American coins made from 1795 through 1803. 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. [10][5] As large silver coins were a preferred method of commerce throughout the world, especially China, a considerable number of the United States dollars requested by silver depositors were exported to satisfy that demand.[9]. [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". [58], The fact that no 1804 dollars were struck in 1804 was not widely accepted by numismatists until the early twentieth century. [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. [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. Why are they rare? Said bin Sultan was the recipient of a coin set containing an 1804 dollar. [21] Though dated 1804, none were struck in that year; all were minted in the 1830s or later. [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. There is 1 "class II" specimen, struck over a … [74] At the time of the sale, this was the highest price paid for any coin. [31][d][e] The dollars minted for the diplomatic gift sets, as well as other examples struck with the same dies, are collectively known as "Class I" 1804 dollars. Lately, we have experienced a sharp rise in calls from people who want to know how much their 1804 silver dollar is worth. A complete historical record is provided in Dave Bowers' book The Rare Silver Dollars Dated 1804 … From 1803 or 1804 to 1834, no silver do… [19] In addition to several other items, he requested a set of coins as an appropriate offering to Said bin Sultan: I am rather at a loss to know what articles will be most acceptable to the Sultan, but I suppose a complete set of new gold & silver & copper coins of the U.S. neatly arranged in a morocco case & then to have an outward covering would be proper to send not only to the sultan, but to other Asiatics.[21]. [81][g] One such coin in the collection of the San Francisco Mint was described by them as genuine from 1887 to 1927. 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. [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. [65] Additionally, many 1804 dollars were struck in proof finish, a technique which was first employed at the Mint in 1817. Many American numismatic pieces, patterns and regular issues, are rarer than the 1804 silver dollar, with its population of 15 known specimens. Another issue, the 1933 double eagle, with an auction record in … The silver dollar and gold eagle, which had been previously minted in 1804, were struck once again for the presentation set. [52] In 1885, auctioneer W.E. They are identified by nicknames based on prominent owners, or the first individuals known to have possessed the coins. [61] Numismatists Lyman H. Low and William T. R. Marvin, writing for the American Journal of Numismatics in 1899, stated that "the journal confidently asserts that there is no dollar dated 1804 which was struck in that year by the U.S. [79][80], In addition to altered dates, electrotypes of the 1804 dollar were created, both for the purposes of study and fraud. In total, only 15 specimens are known to exist. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. [29] Roberts died in Macau on June 12, 1836, before he could initiate contact with any other nations. [13] Dollar coin production ceased in March 1804, although those pieces bore the date of 1803. There are four known types of 1804 dollars, including the following: 1804 Second Reverse, Class III – 6 minted, 1804 Mint-Made Electrotype of Unique Plain-Edge – 4 minted. Some were brought back by service personnel returning from the Vietnam War. 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. The 15 known 1804 silver dollars include eight examples of Class I, one of Class II, and six of Class III. [12] Mint Director Elias Boudinot began encouraging depositors to accept fractional coins, and the production of dollars began to decrease in relation to the smaller coins. However, those coins, struck from old dies as was common practice at the time, were dated 1803. Various private mints have produced replicas of the 1804 dollar … It will save you money next time you decide to sell or buy silver dollars. Are you concerned the precious metals train has left the station without you? 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