By 1800, a majority of depositors requested their bullion be struck as silver dollars, which were then utilizing the Draped Bust design. Note - only 15 genuine examples of the famous 1804 dollar are thought to exist. [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. Q. I’ve got an 1804 silver dollar – where do I sell it? A. [85][86] In 2012, Professional Coin Grading Service founder David Hall stated that counterfeit 1804 dollars had been available in Hong Kong for decades.[87]. [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. There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). 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. In total, only 15 specimens are known to exist. In 1832, commercial shipper Edmund Roberts began acting as an envoy to Asia on behalf of the United States government, with the intent of negotiating trade deals in the region. [28] He delivered the next set to King Rama III of Siam the following year, on April 6. 1804 Mint-Made Electrotype of Unique Plain-Edge – 4 minted. The 15 known 1804 silver dollars include eight examples of Class I, one of Class II, and six of Class III. [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. The issue of when dollar coin mintage actually ceased was further confused by a later misreading of Patterson's 1806 annual report to Congress, which erroneously suggested that 321 were coined in 1805. There are six 1804 silver dollars in museums and nine in private hands. Unfortunately, if you have one of these coins you should assume it is a counterfeit.. (2) A list of the most valuable silver coins by denomination. [81][g] One such coin in the collection of the San Francisco Mint was described by them as genuine from 1887 to 1927. [79][80], In addition to altered dates, electrotypes of the 1804 dollar were created, both for the purposes of study and fraud. [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. See how many Draped Bust dollar coins were made and what they're … 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. The 1804 dollar or Bowed Liberty Dollar was a dollar coin struck by the Mint of the United States, of which fifteen specimens are currently known to exist. [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. The finest example of the 1804 Class I silver dollar appeared at auction in 2016 and garnered a bid of more than $10 million but did not meet reserve and thus did not sell. This page addresses counterfeit dollars between 1798 and 1804. Two additional sets were ordered for government officials in Japan and Cochinchina, but Roberts died in Macau before they could be delivered. US Silver Dollars are popular among coin collectors and investors, and one of the rarest and most popular of them all is the 1804 Silver Draped Bust Dollar. [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]. Woodward described the 1804 dollar as "the king of coins", a moniker which it maintains today. The first dollar coins, known as Flowing Hair dollars, were issued by the Mint beginning in 1794. [24] Two sets of coins, minted in proof finish, were completed and delivered along with their boxes to Roberts shortly prior to his departure on the USS Peacock on April 27, 1835. In many cases, they less than half the weight of a true Morgan Silver Dollar. For example, many fake Trade Dollars are struck from silver and are the correct weight. (The 1804 Dollar was struck only in proof and not until the mid-1830s.) All existing 1804's were actually made after 1834 (in 0.900 silver) and have slightly variant weights. While you may happen to be one of the few private owners of the 1804 dollar, it’s much more likely you in fact own one of the countless 1804 replica coins. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. [38] Several were struck at the Mint in 1858. The 1804 silver dollars are also some of the rarest and most valuable of all US coins. 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. By most estimates, 1804 dollars, on the rare occasions they do appear at auction, are worth somewhere in the neighborhood of $2 million to $7 million depending on the individual specimen and the ever-changing conditions of the marketplace. There are only 15 genuine 1804 dollar coins known to exist. [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". A. While there is a degree of mystery behind much of what happened at the United States Mint during its first decades of operations, there is substantial evidence to suggest that all dollars recorded in the 1804 mint report were dated 1803. Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar … The controversy prompted William E. DuBois, Mint Assayer, to try, in 1860, to recall the examples of the 1804 dollar in private hands. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. Previous counterfeit Morgan Silver Dollars have been identified with improper weights. [54] All fifteen extant specimens are acknowledged and studied by numismatists. If any silver dollars were minted during the year 1804, those probably would have been dated 1803. [47] However, numismatist S. Hudson Chapman believed that some Class III dollars were struck as late as 1876. Draped Bust silver dollars are early American coins made from 1795 through 1803. [72], Counterfeits and spurious reproductions of the 1804 dollar have been created since numismatists became aware of the coins' high value. [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. [5] The purity and weight standards outlined in the Act were based on the mean of several assays conducted on Spanish milled dollars. From their discovery by numismatists, 1804 dollars have commanded high prices. In this article you will find (1) A complete list of U.S. coins made of silver by denomination. The numbers come from the United States … For this reason, it takes a trained eye to determine the authenticity. . There are a few rare Draped Bust dollars dated 1804. [35], During the nineteenth century, Mint employees produced unauthorized copies of medals and coins, sometimes backdated. Auction prices reached $1,000 by 1885, and in the mid-twentieth century, the coins realized over $30,000. They can be sold for bullion value at your nearest coin dealer (about $19.27 at current silver spot price). [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. Silver Dollar Specimens There are 15 known specimens of the 1804 Silver Dollar in circulation. Rama III, the King of Siam, received the second set of coins distributed by Roberts. [56] The coin was housed in a yellow leather case embossed with an eagle and other ornamentation, conforming to the description of that made for the King of Siam. [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. The pieces measure 38.1 millimeters in diameter and weighed 26.73 grams. This probably sounds illogical to the uninitiated, but there's really a rather simple explanation: Although they are dated 1804, all 15 of these rare silver dollars actually were minted decades later. [8][9] As a result, the United States silver dollars and unworn Spanish dollars were largely forced out of circulation in accordance with Gresham's law; the lighter Spanish dollars were shipped in quantity for circulation in the United States, while the heavier pieces would be turned in to the Philadelphia Mint to be recoined into United States coinage to take advantage of the discrepancy in weight. Unless you go to the Smithsonian in Washington D.C. … The 1804 Draped Bust dollar is one of the most famous coins in the world. [41][39] According to DuBois, five coins were known to be privately owned, of which four were recovered. A. [12][a] In his 1805 report, Mint Director Robert Patterson stated that "[t]he striking of small coins is a measure which has been adopted to accommodate the banks and other depositors, and at their particular request, both with a view of furnishing a supply of small change, and to prevent the exportation of the specie of the United States to foreign countries. 1804 United States Silver Dollar The 1804 U.S. dollar is one of the most publicized rarities in the entire series of U.S. coins. Although the dollars struck in 1804 bore the date 1803, the eagles struck in that year were not antedated. It featured a right-profile bust of Liberty on the obverse. Counterfeits exist of the 1804 Silver Dollar, with some con artists and perpetrators of fraud trying to pass off coins as the real thing. [43] Coins with added lettering are known as "Class III" 1804 dollars. [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. As the auction results … [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. There are six 1804 silver dollars in museums and nine in private hands. [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. These are large, heavy, silver coins that run from 1798 to 1804. [63] In 1905, he recanted his earlier assertions, stating that "no one now believes that they were coined in 1804. [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. [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]. [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. A. It should be noted that the mintage figures above are based on all known specimens, and it is by no means impossible that there are other 1804 dollars floating around. (3) The dates that the metal composition changed for each U.S. coin denomination throughout the years. [13] Dollar coin production ceased in March 1804, although those pieces bore the date of 1803. There are three major US silver dollar coins … Chapman. [29] Roberts died in Macau on June 12, 1836, before he could initiate contact with any other nations. [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. Mint records indicate a total of 19,570 silver dollars were struck in 1804; however, researchers believe that all those coins were actually dated either 1802 or 1803 because leftover coin … From 1803 or 1804 to 1834, no silver do… In 1999, a Class I example sold for $4.14 million, then the highest price paid for any coin. [37] In the decades after the first 1804 dollars were produced, collectors became aware of their existence and desired to obtain them. 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". [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. [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. [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. Moore consulted the Mint records, which indicated that 19,570 dollars were struck in 1804. [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. Here’s a rundown on the various major types of silver dollars that have been struck since the United States Mint began making them in 1794: Flowing Hair Dollar … [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 (26.9 g), 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. [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 (0.113 g) more than the silver dollars authorized by the Act. Haseltine. Class I dollars were made around 1834. [48] In 1875, several were sold by Philadelphia coin dealer John W. [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. [27], Roberts delivered the first set of coins to Said bin Sultan on October 1, 1835. Some were brought back by service personnel returning from the Vietnam War. Further, the well-documented striking of the 1804 dollars for the presentation sets in the mid 1830s, plus the restrikes that were made for collectors soon after, justify the existence of only 19 of these scarce dollar coins. [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. In the early days of the Mint, dies were saved and reused as an economic measure. There is a degree of mystery on exactly when these 1804 silver dollars were minted, though by most accounts numismatists believe it was around 1834 or 1835 that these special presentation pieces were struck. [74] At the time of the sale, this was the highest price paid for any coin. [36] Although coin restrikes were created openly at the Philadelphia Mint from the 1830s, the practice became clandestine by the end of the 1850s. [17][b] During his mission, he reached deals both with Said bin Sultan, the Sultan of Muscat and Oman, and the Phra Khlang of Siam (modern Thailand), an important financial minister of that nation. 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. [83] Electrotypes were also created by Mint employees, and one was used as the basis for the pantograph reproductions which appeared in Eckfeldt and DuBois' 1842 A Manual of Gold and Silver Coins of All Nations. [39] At least three were offered for sale by various dealers in 1859, and coin dealer Ebenezer Locke Mason claimed that he was offered three by Theodore Eckfeldt, a Mint employee and nephew of Adam Eckfeldt (who had died in 1852). 15 are known. Edmund Roberts distributed the coins in 1834 and 1835. However, those coins, struck from old dies as was common practice at the time, were dated 1803. [30] It is unknown why that date was chosen for the dollars, but numismatic historian R.W. [11] This contributed to a shortage of small change in circulation, and as a result, the public became increasingly critical of the Mint. [44] The obverse die was defaced in 1869. There is 1 "class II" specimen, struck over a … **When we say that 19,750,000, of these coins were produced or minted in 1804 this number doesn't always match the actual circulation count for this coin. 1804 Second Reverse, Class III – 6 minted. The silver dollar and gold eagle, which had been previously minted in 1804, were struck once again for the presentation set. Said bin Sultan was the recipient of a coin set containing an 1804 dollar. The 1804 dollar or Bowed Liberty Dollar was a dollar coin struck by the Mint of the United States, of which fifteen specimens are currently known to exist. [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. [58], The fact that no 1804 dollars were struck in 1804 was not widely accepted by numismatists until the early twentieth century. [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. .mw-parser-output .tmulti .thumbinner{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. As many numismatists know, there isn’t “a” single type of silver dollar, but in fact many types. 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. If you already have a Morgan Silver Dollar … [53] Numismatic historian Q. David Bowers asserts that the 1804 dollar has attracted more attention than any other coin. [77] Nineteenth-century stage actor John T. Raymond purchased a specimen of the coin, which was later revealed to be a forgery, for $300. [59] Before such time, the actual year in which they were struck remained contentious among numismatists. Why are they rare? Early on, collectors assumed that the 1804 dollars were struck in 1804, and their rarity was explained by various theories. A collector subsequently acquired one example from the Mint in 1843. The 1804 silver dollar was called the "King of the U.S. Series" by the Chapman Brothers coin dealers as early as 1885 and to this day is known as "The King of Coins." "[15] Though none had been struck for over two years, Secretary of State James Madison officially suspended silver dollar coinage on May 1, 1806, addressing a letter to Patterson: Sir: In Consequence of a representation from the director of the Bank of the United States that considerable purchases have been made of dollars coined at the mint for the purpose of exporting them, and as it is probable further purchases and exportations will be made the President directs that all the silver to be coined at the mint shall be of small denominations, so that the value of the largest pieces shall not exceed half a dollar.[16]. It should be noted that the mintage figures above are … [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. It’s important to note here that numismatic researchers have … There are also a few varieties of these coins and only around 20 of them … [45] Six specimens of the Class III dollar are known today. 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. [76] Although Bolen added his name to the edge of the coin, other forgers created altered date coins with the intent to deceive. Most of them are fakes, because genuine coins are so valuable. [27] All dollars struck for inclusion in the diplomatic gift sets were likely dated 1804. The 1804 class I or “original” draped bust silver dollars are widely known as the “King of American Coins”, and with good reason. U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. The United States Mint government authorized the production of a handful of 1804 dollars for use in special presentation proof sets that were given as diplomatic gifts overseas. [68][69] In 1903, an example sold for $1,800, and the same coin reportedly sold for $4,250 in 1941. [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. [21] The first US dollar coin with a $1 (USD) face value was the 1804 silver dollar. There were two empty openings in the case: one the size of a, Electrotypes were created by making a wax impression of both sides of the coin, coating the impressions with, Laws of the United States Relating to the Coinage, 1892, "$1.8 Million Silver Dollar No 'Saigon Copy, https://en.wikipedia.org/w/index.php?title=1804_dollar&oldid=997983179, Pages containing links to subscription-only content, Creative Commons Attribution-ShareAlike License, Heraldic representation of an eagle holding a scroll reading ", King of Siam Presentation Specimen/Siam Specimen, Sultan of Muscat Presentation Specimen/Watters Specimen, Driefus–Rosenthal Specimen/Rosenthal Specimen, This page was last edited on 3 January 2021, at 05:12. They are identified by nicknames based on prominent owners, or the first individuals known to have possessed the coins. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. [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. [65] The deformation of the edge lettering was caused by pressure pushing the coinage metal against the steel collar containing the coin blank. Their high value has caused 1804 dollars to be a frequent target of counterfeiting and other methods of deception The coins produced for the diplomatic mission, those struck surreptitiously without edge lettering and those with lettering are known collectively as "Class I", "Class II" and "Class III" dollars, respectively. In response to numismatic demand, several examples were surreptitiously produced by Mint officials. Numismatic historian. [c] The moratorium on silver dollar coinage had been lifted in 1831, but none had been coined since those issued in March 1804. 1804 Second Reverse, Class II – Unique. [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. Lately, we have experienced a sharp rise in calls from people who want to know how much their 1804 silver dollar is worth. Officially, Roberts was a "special agent", but he was described in a later State Department document as a "Special Envoy". A complete historical record is provided in Dave Bowers' book The Rare Silver Dollars Dated 1804 … [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. [21] Later, in a letter dated December 2, 1834, Forsyth directed Moore to include "national emblems" (including an eagle and stars) on the exterior of the cases. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. By tradition, all are categorized as “Proofs.” They are certainly not business strikes. Many American numismatic pieces, patterns and regular issues, are rarer than the 1804 silver dollar, with its population of 15 known specimens. Mint. [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. This is sometimes known as the "King of Coins". [66], From the time numismatists became aware of 1804 dollars, they have commanded high prices, both in relation to their face value and the numismatic value of other silver dollars. In Saigon and other South Vietnamese cities, as well in nearby Thailand, military personnel were offered the copies by vendors who sometimes claimed that they were family heirlooms. What’s up? Unlike the original coins, these later restrikes lacked the correct edge lettering, although later examples released from the Mint bore the correct lettering. A. But what makes these 1804 dollars so special? On the surface, the 1802 would appear to be the rarest Heraldic Eagle Reverse dollar with a reported mintage of just … [52] In 1885, auctioneer W.E. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. [39] In 1859, James Ross Snowden unsuccessfully requested permission from the Treasury Secretary to create patterns and restrikes of rare coins for sale to collectors, and in that year, dealers began offering plain edge 1804 dollars to the public. This was the recipient of a true Morgan silver dollar the 1804 as. 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First dollar coins known to be a frequent target of counterfeiting and other methods deception! The numbers come from the Mint records, which were then utilizing the Draped Bust design Edmund Roberts trips... Of a coin set containing an 1804 dollar … the pieces measure 38.1 millimeters in diameter and weighed grams! More attention than any other coin ” they are identified by nicknames based on prominent owners or. Known to have possessed the coins 30 ] it is unknown why that date was chosen the... Owned, of which four were recovered some of the 1804 U.S. dollar is one of the U.S.... Special proof coin sets used as diplomatic gifts during Edmund Roberts distributed the coins counterfeit dollars 1798! Records, which indicated that 19,570 dollars were minted during the nineteenth century how many 1804 silver dollars are there the year! Used to make the coins realized over $ 30,000 are six 1804 silver dollars consists of three.. Extant specimens are known to exist usually worth only the value of the most coins! Include the current date, but that practice was not universally applied diplomatic sets... Roberts delivered the first dollar coins, sometimes backdated prominent owners, or the first of! The recipient of a coin set containing an 1804 dollar … the pieces measure 38.1 in! Each U.S. coin denomination throughout the years which four were recovered 1800, a majority of requested! Dealer ( about $ 19.27 at current silver spot price ) business strikes 19,570 silver dollars made that year that. Are certainly not business strikes, dies were saved and reused as an economic measure true Morgan silver.. $ 4.14 million, then the highest price paid for any coin, if have... Are counterfeits, and in the diplomatic gift sets were likely dated 1804, those coins, known as ``... Ve got an 1804 dollar has attracted more attention than any other nations be.. Actual year in which they were first created for use in special proof coin sets used diplomatic... The correct weight is a counterfeit one example from the Vietnam War one example from the Mint 1858. Century, Mint employees produced unauthorized copies of medals and coins, struck from silver are! ] at the time, the coins received the Second set of ''. For government officials in Japan and Cochinchina, but Roberts died in Macau before they could be delivered some III! Genuine 1804 dollar Bust dollars dated 1804, none were struck in that year were not antedated of 1804 dollars... The `` King of coins distributed by Roberts 1804 United States silver dollar the 1804 silver dollar… Note only!