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. tyson jost dad; sean penn parkinson's disease; mockingbirds attacking my cat [84], More modern replicas, known as "Saigon copies", were commonly offered as original at low prices to American soldiers during the Vietnam War. Metal Coins, back to CHICAGO Known by collectors as "The King of American Coins," an 1804-dated U.S. silver dollar specially made on behalf of President Andrew Jackson, and still in mint condition, sold for $3,877,500 at Heritage Auctions on Friday, Aug. 9, exceeding the pre-sale estimate of $3+ million. 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. Newborns, Gifts They were to contain every domestic coin being used at the time and were used as gifts to open up trade talks. However, did you know that some exceptionally rare coins were minted to be gifted to early-time overseas rulers? [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. 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. Meanwhile, the remaining 3 Class II (2) Draped coins were melted. For instance, a Class III Draped Bust Silver Dollar was auctioned and sold for $1,880,000. 26257 Posts. 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and learning about it, I can agree with what Kenneth Bressett said in his piece on the dollar, "The King of Coins was originally made for a king, and has held its royal place ever since. This pretty much sums up coins in a sentence. [72], Counterfeits and spurious reproductions of the 1804 dollar have been created since numismatists became aware of the coins' high value. For the best and most secure experience in our catalog, please update your browser. 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 off-center bust dollar set. The last Class III restrike, the Idler specimen, has been owned by some of the most prestigious firms in numismatics, a major sports team owner, and finally, Mr. and Mrs. Aubrey Bebee, who loaned and then donated this coin to the ANA. The single finest example of the 1804 US silver dollar sold for an astonishing $7.68 million at a Stack's Bowers Galleries . With each (sets of) coin(s) having a different story to tell, deciding whether its sky-rocketing price is justified remains up to you. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. [27] All dollars struck for inclusion in the diplomatic gift sets were likely dated 1804. Of course, businesses are expected to ensure that their replicas do not violate U.S. counterfeiting laws. The reverses are pretty unremarkable for common marks; the red circle highlights a rim ding unique to the second example of these two. As I have previously stated in other articles one of the best ways to protect yourself from this type of fake for sale is to learn the series yourself. Early Dollars (1794-1804). They tried everything to make this set of coins look authentic. 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. Scot is perhaps best known for his design, the Draped Bust, which was used on many . The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. Their high value has caused 1804 dollars to be a frequent target of counterfeiting and other methods of deception. Its whereabouts were unknown until circa 1880, when C.A. Shop by category. Therefore, its common for counterfeits and master copies of (Draped) 1804 silver dollars to exist. With only 15 examples to exist, the 1804 silver dollars make up for one of the most valuable and rarest US-minted coins. Since its beginnings, the 1804 silver dollar has been hidden in mystery and confusion, and I believe that is one of the reasons it has become such a prestigious and desirable coin. Wide margins. U.S. currency is also popular with collectors who determine the value of a piece based on Commemorative Coins The dollar was eventually sold to B. Max Mehl and on to Harold Bareford. Original color woodcut. White circles indicate common markers; note: the breaks at stars 4 and 5 are common to the genuine variety and duplicated in these two as well. Type: Draped Bust Dollar. Similarly, look for abnormalities/unusual patterns on the coins surface. Mintage records for 1804 show that 19,570 silver dollars were struck that year. [58], The fact that no 1804 dollars were struck in 1804 was not widely accepted by numismatists until the early twentieth century. [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. Look forward to interesting news and special offers, and use our personal discounts to discover new collection topics and fine rarities. [28] He delivered the next set to King Rama III of Siam the following year, on April 6. 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. Others have sold for between $1 million and $2 million in recent years. Your satisfaction is guaranteed. In addition, the United States Mint provides this information on a case-by-case basis as questions or confusion arise on Hot Items. His family auctioned his collection in 1997 and the beautiful 1804 dollar was sold to Spectrum Numismatics. Coins, Tours & Also, according to the USA Coin Book, an 1804 Class III (Draped) silver dollar is worth a whopping $2,249,605! [79][80], In addition to altered dates, electrotypes of the 1804 dollar were created, both for the purposes of study and fraud. Stack's then bought it for $150,000 in 1974 for Reed Hawn, where it remains today. Coins, American 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. In 1999, a Class I example sold for $4.14 million, then the highest price paid for any coin. The oval has the words "FIVE SHILLINGS" and "DOLLAR" stamped on it. Sets, Commemorative [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". Liberty, Bush He placed one of these first restrikes in the Mint Cabinet Collection and supposedly had the others melted down. Only seven (Draped) 1804 silver dollar examples were ever minted. 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. Many businesses allow the return of merchandise within 30 days, no matter what the circumstances. By 1800, a majority of depositors requested their bullion be struck as silver dollars, which were then utilizing the Draped Bust design. "If you climb a good tree, you get a push." -----Ghanaian proverb. [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. @T3vwdude, first welcome to CCF. Circulated Silver US Early Dollar Coins (1794-1804), Uncertified Silver US Early Dollar Coins (1794-1804), [37] In the decades after the first 1804 dollars were produced, collectors became aware of their existence and desired to obtain them. Looking for gold and silver coins? . The U.S. Mintage states that 90,000 plus examples of 1804 silver dollars were minted during the 1800s. Silvery-white platinum metal resembles white gold or silver in appearance. Re: what is the "copy" stamped into a coin for ? [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. Skip to main content. And this one sports a realistic-looking die break. Edmund Roberts distributed the coins in 1834 and 1835. A copy coin is a coin that uses a design from a popular coin. [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. . 1992 by Highfill Press, Inc. Im sure that is true. If you can't locate that rare silver piece you covet or if the price is a little out of your comfort zone our gleaming silver coin replicas are the next best thing. . Circulating 6 days Left 1804 US Colonial Large Cent- Flowing Long Hair $85. 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. is supposed to be 1 troy oz., it should weigh in close to 31.10grams 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. I primarily collect and study U.S. coins produced during the 20th century. CoinsAreFun Toned Silver Eagle Proof Album. [77] Nineteenth-century stage actor John T. Raymond purchased a specimen of the coin, which was later revealed to be a forgery, for $300. 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. Jack D. Young. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. What is the value of 1804 silver dollar copy from gallery mint museum eureka springs AR 1992 in box as shipped with a . Prices for 1804 dollars at auction soared as the decades passed. * All prices are quoted net of the statutory value-added tax and shipping costs and possibly delivery charges, if not otherwise described. & Sales Figures. All payments for sales are strictly in U.S. dollars via PayPal, credit cards, personal checks, cashier checks, bank money orders and wire transfers, and are subject to all reporting requirements. Why are they rare? As news of this traveled to the prominent numismatists of the day, the coin came into high demand. The 1804 silver dollars are also some of the rarest and most valuable of all US coins. This coin had become so valuable that these practices didn't end, even after the scandal. Then, at Auction '89, this coin sold for $990,000, a record at the time. He sold four of these coins for seventy-five dollars each and was found out because the workmen had been careless. [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]. [27] The proof sets meant for Cochin-China and Japan were likely included in the shipment of returned presents. Counting both originals and official restrikes, only 15 of the 1804 Draped Bust silver dollars are known to exist. 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. This copy is for your personal, non-commercial use only. American Coinage During The Reign Of Norton I of California: The Only Emperor of the United States, Contestants Try to 'Stump the Experts' at ANA, The West Point Mint Before The W Mintmark, The Many Faces of the George Washington Quarter. The Parmelee specimen was bought for face value by an unknown lady, sometime around 1845. We are also gold, silver, diamond, currency and jewelry buyers. 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. All were minted during the year's first quarter. Sabes que tengo una moneda igual en ptimas condiciones que me da ese mismo peso de 23 gramos. 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). 3 inches), quarter-pound, half-pound and one-pound versions. 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). Coin Stamp Display - - Coin(s) are mounted in 40 pt. Silver Dollars and Trade Dollars of the United States. The United States Dollar remains a strong currency today and is one of the primary currencies used in most international transactions. The 1804 dollars have had little to do with Iran. [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. Perhaps the most ironic part of the story is this: 1804 Bust silver dollars were not struck in 1804! Ive authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below! 1804 Class I Silver Dollar Replica Archival Edition: This beautiful silver-plated 1804 silver dollar copy is a painstakingly detailed reproduction of one of the most famous and difficult to own coins ever produced by the U.S. Mint. Proof 30, Mint Cabinet Specimen or U.S. Mint Specimen, DreyfusRosenthal Specimen or Rosenthal Specimen. It was eventually sold to B. Max Mehl, the man who first publicized the 1804 dollar as the "King of Coins." The 1795 off-center bust, known as variety B-14 or BB-51, is unique to the date and an obvious bad numismatic choice for a family of differently dated counterfeits! MarkFeld Dealer Member: Seasoned Veteran . Currency, Shop All . The Sultan of Muscat . Get Your Shimmering 1804 Liberty Silver Dollar Copy at American Mint It was recovered in 1982 and loaned to the ANA Museum, but when du Pont's Class I dollar was recovered in 1993, this coin was donated to the Smithsonian. 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. 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. Conclusively, the exact cost of an 1804 silver dollar depends on its type and classes (Class I, Class II, and Class III). - Last updated: June, 10 2022 Year: 1804 Mint Mark: No mint mark Type: 1804 Dollar Price: $18050.00-$90250.00+ Face Value: 1.00 USD Produced: 19,750,000 Edge: Reeded Been careless next set to King Rama III of Siam the following year, on April.... 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