Researchers believe the surviving Class I examples were made by the United States Mint in the 1830s to be given as diplomatic gifts for a State Department mission to the Far East and Asia. “We purchased this coin on spec and were really quite shocked that our book bid of $2.8 million (plus buyer’s fee) was successful. Kevin and I are pleased it’s going to a good home,” said Albanese. There are very few 1804 Dollars known to be in existence and numismatists have found that they were first struck at the Mint in the 1834 through 1835 period, so never in it's actual year-date of 1804. Your IP: 80.237.75.2 Morelan also was surprised at the winning bid price for the coin at the auction. Most likely coined circa the mid-1830s along with the other Class I coins. We didn’t have any customers for it Friday night; we just thought, at $3.3 million, that it was the best buy of a high value rare coin in the last 20-plus years,” Lipton explained. “I was shocked when the coin sold so low. "1804" dollars were actually struck in 1834-35, when the U.S. Department of State decided to give "complete" type sets of U.S. coins, including the 1804 dollar, as gifts to certain rulers in Asia willing to grant trade concessions to the United States. Dexter Specimen 1834-1840s, circa: Struck sometime during this period, by or under the direction of Chief Coiner Adam Eckfeldt. “John and I bought the coin (at the Stack’s Bowers auction at the Whitman Baltimore Expo) in a moment of opportunity. Why a dollar today is worth only 5% of a dollar in 1804 Updated: December 12, 2020. Beautiful coin. 1804 Dollar Replica 1 Ounce Silver Medallions Dexter Dollar Replica Silver Round. • U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. 18 sold. Never had it appraised or • If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. The design succeeded the Flowing Hair dollar, which began mintage in 1794 and was the first silver dollar struck by the United States Mint.The designer is unknown, though the distinction is usually credited to artist Gilbert Stuart. No silver dollars dated 1804 actually were struck that year. Lately, we have experienced a sharp rise in calls from people who want to know how much their 1804 silver dollar is worth. Back is stamped .999 (Think thats what is says, Im blind cant hardly read it.) The Dexter specimen of the 1804 Draped Bust dollar is one of the most famous U.S. coins. Rare and hard to find coin. For example, many fake Trade Dollars are struck from silver and are the correct weight. The PCGS3000® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. The coin design is in the public domain, and, per WP:IUP : Also note that in the United States, reproductions of two-dimensional artwork which is in the public domain because of age do not generate a new copyright — for example, a straight-on photograph of the Mona Lisa would not be considered copyrighted (see Bridgeman v. Please enable Cookies and reload the page. The Dexter Dollar Collection of Historic and Important Numismatic Literature and Works of Art Though dated 1804, none were struck in that year; all were minted in the 1830s or later. or Best Offer. 6 posts in this topic. “It is a hell of a coin and a hell of a deal for Super Collector Bruce Morelan,” stated Sperber. 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. By Sunday, we had six interested parties who were calling, sending emails and texts, wanting to buy the coin from us. Silver Coin Round. 1804 Draped Bust Dexter Dollar. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Most recently, back in March 2017, Stack's Bowers sold the Dexter Dollar 1804 Class I in the same grade of PCGS PR65 for $3.2 million. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index. tman37-migration 1 post. or Best Offer. The 1804 Draped Bust dollar is one of the most famous coins in the world. Coins Sold in the Stack’s Bowers Galleries December 2020 Showcase Auction, The Bob R. Simpson Collection Debuts at $14.6 Million at Heritage Auctions, Fresh, High-End Coins Star in Legend Rare Coin Auctions’ Regency Auction 40. I'm happy to pick it up for a few incremental bids over that level. The 1804 Dollar (also often referred to as the "Dexter Dollar" and the "King of American Coins") carries a lot of history and intrigue. The dollar had an average inflation rate of 1.44% per year between 1804 and today, producing a cumulative price increase of 2,105.33%.. Find many great new & used options and get the best deals for 1804 RARE Dexter Dollar SILVER King of US Coins BULLION Brilliant Uncirculated at the best online prices at … (Lincroft, NJ) – The Class I Dexter/Pogue specimen 1804 Draped Bust U.S. Silver Dollar purchased at auction on Friday night, March 31, 2017, for $3,290,000 jointly by Kevin Lipton of Beverly Hills, California, and John Albanese of Bedminster, New Jersey, was … Find great deals on eBay for 1804 dollar. Famous coin now part of “Super Collector” Bruce Morelan’s early American dollars set (Lincroft, NJ) – The Class I Dexter/Pogue specimen 1804 Draped Bust U.S. silver dollar purchased at auction on Friday night, March 31, 2017, for $3,290,000 jointly by Kevin Lipton of Beverly Hills, California and John Albanese of Bedminster, New Jersey, was sold by them less than 48 hours later. 1804 $1 Draped Bust Class I PCGS PR65 sold for $3,360,000 by Stack's Bowers Auctions, from the Larry H. Miller Collection Part II, in Newport Beach, California, December 17, 2020 Cloudflare Ray ID: 61032ea2aea00c54 This means that today's prices are 22.05 times … There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). The US Mint did mint silver dollars in 1804 but they were dated 1803, rather than make a new mold. The 1804 Silver Dollar For those interested in collecting rare and unique American silver coins, the 1804 silver dollar will probably be one of the first they will want to add to their coin collection. The Dexter Dollar is one of the most famous of the 15 known 1804 silver dollars, known as “The King of American Coins.” I’ve been having fun with this coin for many years, as my connection to it is a beautiful work of art commemorating this particular rare coin which was commissioned by its namesake owner, James V. Dexter in 1887 who was a banker from Denver. Unfortunately, if you have one of these coins you should assume it is a counterfeit.. The US Mint settled the matter. With regards to the 1804 silver dollar… Started by tman37-migration, December 22, 2013. tman37-migration Member; 1 … Almost gone. 1804 RARE Dexter Dollar SILVER King of US Coins BULLION Brilliant Uncirculated. English: 1804 Silver Dollar - Class I - Dexter - Dunham Specimen. The 1804 Dexter Dollar has a very interesting history, part of which is that James Vila Dexter of Colorado thought the coin was a restrike fraudulently sold to him as an original when he purchased it for $1,000 in 1885 from Henry and Samuel H. Chapman. Sperber negotiated the sale on Sunday morning on behalf of Morelan. By tradition, all are categorized as “Proofs.” They are certainly not business strikes. The negotiations with John and Kevin took only a few minutes to work out and everyone involved is happy.”. 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. Shop with confidence. C $82.09. It sold at auction in 2000 for an astounding $1,840,000.00! The finest-quality specimen of the 1804 dollar. Performance & security by Cloudflare, Please complete the security check to access. For if you had a real one of these (only 15 exist) you would certainly know it. 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. 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. $100 in 1804 is equivalent in purchasing power to about $2,205.33 today, an increase of $2,105.33 over 217 years. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. The purchase price was not disclosed. Remarkably, the following year, another 1804 Silver Dollar known as the “Sultan of Muscat” specimen sold for a record $4,140,000. Instead of being worth millions of dollars these coins have no value at all. Another way to prevent getting this page in the future is to use Privacy Pass. From United States. Graded PCGS Proof 65, it was bought on Sunday afternoon, April 2, 2017, by Laura Sperber of Legend Numismatics in Lincroft, New Jersey, on behalf of well-known collector Bruce Morelan, owner of the all-time finest set of early American dollars listed in the PCGS Set Registry®. Video Illustrating $1 Million Coin Robbery, Prediction: Surprise Origin of Proof American Eagle ‘Congratulations Set’ Coin To Be A Hit With Collectors, PCGS Graded 23 of Top 25 Most Expensive United States Coins Sold in 2020, Over $17.8 Million in U.S. If any silver dollars were minted during the year 1804, those probably would have been dated 1803. There are only 15 known 1804 dollars, and just eight like the kind that sold for $3.3 million on March 31, 2017. The Dollar of 1804: The U.S. Mint’s Hidden Secret (…as revealed by the true story of the “Dexter Dollar,” The King of American Coins) by Mark Ferguson 286 Pages. Therefore, the PCGS3000® should only be used as one guide to rare coin prices and historical price movements, and not as the sole source for determining the value or market history of a particular coin. Professional Coin Grading Services is a division of Collectors Universe, Inc. Get free numismatic news from leading coin experts, in-depth articles, market summary videos, surveys & more! C $129.00. The Dexter specimen of the 1804 Draped Bust silver dollar realized $3,290,000 on the evening of March 31 in Baltimore, during Stack’s Bowers Galleries’ auction of the D. Brent Pogue Collection. The United States Mint struck only dollars dated 1803 in 1804, and then ceased regular production of silver dollars until 1840. Particular coins being offered for sale may not have been included within particular indexes, and if included, may not have experienced the same market movements as the index as a whole. (Lincroft, NJ) – The Class I Dexter/Pogue specimen 1804 Draped Bust U.S. Silver Dollar purchased at auction on Friday night, March 31, 2017, for $3,290,000 jointly by Kevin Lipton of Beverly Hills, California, and John Albanese of Bedminster, New Jersey, was sold by the two less than 48 hours later. The Dexter Silver Dollar, 1804 was not minted in 1804. 5. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. While the coin is not necessary for the circulation strike early dollars set, it certainly is complimentary to my set and collection as a whole,” Morelan said. The Dexter 1804 dollar completes his run of silver dollars that also includes the world's most valuable coin, a 1794 Flowing Hair silver dollar that he bought in 2013 for $10 million. 1804 Dollar ($1) Replica 1 Ounce .999 Silver Medallion with Heraldic Eagle Reverse Replica. We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate. “After Friday night’s auction, I suggested we probably need this coin in his early American dollars set. 1804 Bowed Liberty Dollar thick BU rounds .999 fine silver. From 1803 or 1804 to 1834, no silv… 1804 dexter dollar 1804 dexter dollar 0. Decades later, Mint employees made a handful of similar examples of 1804-dated dollars for collectors. The 1804 silver dollar is not only one of the rarest but also one of the most popular silver dollars. PCGS The Standard for the Rare Coin Industry. 234 talking about this. 10 Results (Viewing 1 - 10 of 10) SHOW: VIEW: Price Low to High Price High To Low Name A to Z Name Z to A Best Selling Recently Added. 1804 Draped Bust Dollar – Dexter Dollar The 1804 draped bust dollar is one of the rarest and expensive dollars in the world because only eight (class one) 1804 silver dollars are known worldwide. Dexter purchased his coin in 1885 from the Chapman Brothers Auction then sued for authenticity. For this reason, it takes a trained eye to determine the authenticity. You may need to download version 2.0 now from the Chrome Web Store. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. The “Dexter Dollar” specimen that was originally purchased for $1,000 in 1884 by Denver businessman James Dexter. Among the world’s most famous rare coins, only 15 1804-dated silver dollars are known today, and eight of them are categorized as Class I, including the Dexter/Pogue specimen. From United States. SilverTowne 1804 Dollar $1 Struck in 1oz .999 Fine Silver Medallion 20 Piece Lot. We both thought it would sell for $4 million or more Friday night. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. : 61032ea2aea00c54 • Your IP: 80.237.75.2 • Performance & security by,. 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