Also, according to the USA Coin Book, an 1804 Class III (Draped) silver dollar is worth a whopping $2,249,605! Whether its an incredibly rare coin that only exists in one expensive private collection or an antique piece of currency from an ancient civilization you can no longer find, sometimes getting your hands on the real thing isnt possible. Site, Coin The only possible solution to this mystery is that James V. Dexter . [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. With that said, the 1804 silver dollar wasnt done being restrike when in the late 1870s, the coins were subject to another restrike. Gold Coins They were kept in a sealed box until 1868, when Snowden's successor opened the box and had the dies destroyed. Second, your coin with the word COPY stamped on it is not real. Talkers Medals, Military I would like Who can help me. 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. 1795 BB-51 B-14 Small Eagle Draped Bust Silver Dollar ANACS XF 40 Details $2,995.00 $1.99 shipping Handicrafts 1795 commemorative copper silver-plated commemorative coins $12.99 $3.99 shipping 1795 $1 Flowing Hair Silver Dollar Certified NGC FA 2- Rare - Three Leaves $3,400.00 0 bids $24.00 shipping 5d 17h or Best Offer A second, the Mickley specimen, started out when a teller supposedly picked the dollar out of a deposit at face value and sold it to Joseph J. Mickley, from whom it gets its name. Yeoman, R. S. A Guide Book of United States Coins. It shows cost is 17.95. "[62] In 1891, numismatist John A. Nexsen wrote that the Class I 1804 dollars were "without doubt coined in 1804". 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. Haseltine. 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). By Erin Theis - 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. [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. Coin Forum. 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. Your email address will not be published. Of course, businesses are expected to ensure that their replicas do not violate U.S. counterfeiting laws. She then sold it to E. Harrison Sanford, and it was purchased out of his set by Lorin G. Parmelee, one of the foremost collectors of his time. 3 days Left 1923 German Stamp Album that References England Using Stamps 4 Espionage & Germany's Economic issues $55. Many counterfeits & copy's exist . Mintage records for 1804 show that 19,570 silver dollars were struck that year. Meanwhile, other sources state that the coins were lost in transport when the ship sank on its way to France. Edmund Roberts distributed the coins in 1834 and 1835. This need led to the two subsequent restrikes, which have since come into the light. [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. For the best Barrons.com experience, please update to a modern browser. USA (1878-1893) CC Morgan Dollar COIN COPY commemorative coins-replica coins medal coins collectibles +Shipping: US $1.72. Real People. If you believe that the business treated you unfairly, there are several federal, state and local government offices available to assist you. Are coin replicas considered to be a good numismatic investment? And next are the 1797s, as the family just keeps expanding! He then sold it to Lammont du Pont, and it remained in his family until 1967, when it and other pieces in the du Pont collection were stolen in an armed robbery. An original Class I is typically sold for more than $4 million in 2001. [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. Im the Coin Editor here at TheFunTimesGuide. Metal Coins, back to The rarest and most important Bust dollar (which, as a series, were dated from 1795 through 1804) is the 1804 dollar. [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. Circular box w fine filigree work, w six lobes. Considered the most beautiful type of gold investment, gold coins offer a unique and Silver Coins 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. The Dexter 1804 silver dollar is one of the world's great "story coins." Without its story, this coin would be just another high-grade proof, Draped Bust silver dollar. "$1.8 Million Silver Dollar No 'Saigon Copy' ". It finally came to John Hopkins University after the death of John Work Garrett. So There Were Only A Few Coins. 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 [34] Based on the slightly concave appearance of the Class III dollars, it is likely that all were given edge lettering at some point after striking; as the Castaing machine was meant to be used prior to striking, its improper use resulted in a deformation of the coin surface. Free shipping for many products! This is sometimes known as the "King of Coins". Spent most of its life in possession of the Eliasberg family. PCGS Proof-65 , King of Siam Presentation Specimen or Siam Specimen (Currently part of the King of Siam Proof Set. Because silver dollar production had stopped after the 1803 date, there weren't any dollars bearing the 1804 date. 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. In 1858, unknown Mint workers retrieved an old Scot punch, the original obverse die, and a slightly different reverse die that was never used in the first striking. But with American Mints variety of precision-made replicas, you can feel all the pride of owning these unique pieces without spending millions of dollars to get them. Among the beneficiaries of the set of coins were Said Bin Sultan (King of Muscat and Oman) and Phra Khlang (ruler of Siam modern-day Thailand). [65] The deformation of the edge lettering was caused by pressure pushing the coinage metal against the steel collar containing the coin blank. 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. 44th ed. [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. Back in the 1960's and 1970s, two pieces went missing after they were stolen from the du Pont collection. Thank all of you so much. Get Your Shimmering 1804 Liberty Silver Dollar Copy at American Mint Sabes que tengo una moneda igual en ptimas condiciones que me da ese mismo peso de 23 gramos. Currency, Shop All Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar coin is a fake. Replicas of U.S. coins cannot be exchanged as legal tender or used as money. COIN & MEDAL PROGRAMS, History of U.S. However, these 1804 silver dollars were actually dated 1803 or earlier! 7 Rare Wheat Pennies To Collect & What Theyre Worth Today, This 1982 Copper Penny Is Worth $10,000! 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 . As I have previously noted, a Red Book would help weed many of these out. Antique Chinese Silver Enamel Tea Box, Inlaid coral. PCGS Proof-62 , Cohen Specimen (Subject to robbery in 1967 from the possession of Willis DuPont. Kids, Gifts for My love for coins began when I was 11 years old. [63] In 1905, he recanted his earlier assertions, stating that "no one now believes that they were coined in 1804. Archived from the original on April 2 . CoinsAreFun Toned Silver Eagle Proof Album. With only 15 examples to exist, the 1804 silver dollars make up for one of the most valuable and rarest US-minted coins. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. liu_2's store. Required fields are marked *. This post may contain affiliate links. Circulating Unlike the original strike, these five had plain edges and were far too light for legal tender. From their discovery by numismatists, 1804 dollars have commanded high prices. [65] Additionally, many 1804 dollars were struck in proof finish, a technique which was first employed at the Mint in 1817. 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. Because the features vary from product to product, it is very difficult to offer general guidelines in this area. What do I do when my frend want to sell it. Authentic ones have either lettered or plain edges and proof surfaces . 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. How can I distinguish between advertisements for genuine U.S. coins and those for coin replicas? The only confusing thing I guess is the picture states "actual size" which is about twice the size of mine. 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. Prices for 1804 dollars at auction soared as the decades passed. Perhaps 2,300 to 2,500 still exist, making the 1802 dollar a decidedly scarce coin. [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. The captions and images got a little out of sync and we missed the image of the 1799. Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar. An authentic coin is well over Two Million dollars. How much is a 1804 liberty 1 dollar coin grade 2 is worth in 2014? [34] In total, eight specimens of this type are known today. Their high value has caused 1804 dollars to be a frequent target of counterfeiting and other methods of deception. The class I (or original) 1804 silver dollars can be seen embedding the words STATES and OF spaced closer as compared to the writings found on the class III coins. 354609648590 The story behind the Driefus-Rosenthal coin, although touching, is probably incorrect. [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. If you bought a replica believing that you were purchasing a genuine United States Mint product, you may be entitled to a refund or redress from the business that sold the replica to you. His entire collection is being auctioned this August by Bowers and Merena, and due to the quality of this coin, an unprecedented price is expected for it. And all, it is now believed, were made from dies left over from the previous year or two. Privateer, Queens Beast, Bullets and More! Yes , I have 1804 United State of America coin , only one.I would like to sell on auction.I have full guarantee for real one.I collect from my grandfather.Please contact email :buddhas.collection@gmail.comRegards,John, My frend is keeping a draped bust silver coin of America in 1804. Re: what is the "copy" stamped into a coin for ? [58], The fact that no 1804 dollars were struck in 1804 was not widely accepted by numismatists until the early twentieth century. But there are those that are not so stamped and appear pretty deceptive to the inexperienced of the series. You may copy it, give it away or re . [68][69] In 1903, an example sold for $1,800, and the same coin reportedly sold for $4,250 in 1941. One of the oldest materials used in the minting of coins, silver has long been a favorite material of both serious numismatists and casual collectors. 1993 by Bowers and Merena Galleries, Inc.Wolfeboro, New Hampshire. [30] It is unknown why that date was chosen for the dollars, but numismatic historian R.W. Then, at Auction '89, this coin sold for $990,000, a record at the time. [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. The Sultan of Muscat . [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. Im sure that is true. All 19 known examples are accounted for. Check your inbox or spam folder to confirm your subscription. [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. [45] Six specimens of the Class III dollar are known today. .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 Barrons.Com experience, please update to a modern browser restrikes, which have since come into the light it now! 11 years old very difficult to offer general guidelines in this area this 1982 Copper Penny is $! 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