1804 Silver Dollar

1. Counterfeits exist of the 1804 Silver Dollar, with some con artists and perpetrators of fraud trying to pass off coins as the real thing. Some were brought back by service personnel returning from the Vietnam War. Various private mints have produced replicas of the 1804 dollar over the years.
2. With regards to the 1804 silver dollar, it was never a circulated coin. This makes it easy to spot a fake as any wear at all would be an obvious tell that it is a fake coin. To help illustrate the differences, I have attached a fake coin (upper image) and a genuine one (lower image) here from PCGS.
3. How Much Trade Silver Dollars are Worth: Trade Silver Dollar Values & Coin Price Chart. For Sale 9 Auctions 0 Wishlist 0 Collection 28. Early Silver Dollars (1873-1885) Designer - Engraver: William Barber. Metal Composition: 90% Silver - 10% Copper. Diameter: 38.1 mm. Mass / Weight: 27.22 grams. Year Details Mintage G (4) VG (8) F (12) VF (20.

1804 The 1804 Draped Bust dollar is one of the most famous coins in the world. 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. But what makes these 1804 dollars so special? Demand for an 1804 Silver Dollar goes back to the 1850’s. Back then they were sold for under $100 a piece. In the early 20th century, one sold for $1,800. By the 1960’s one sold for $28,000 and $36,000 at two different auctions.

One of the most talked-about and sought-after, hence one of the most expensive silver coins is the controversial 1804 Silver Dollar coin. This particular set of coins has become famous and controversial due to its peculiar and colorful history. I know we would all agree that rarity and uniqueness are major qualities that greatly add beauty and mystery to any collectible item. And these are just what the 1804 Silver Dollar coins have over other more common silver coins.

To start with, the 1804 Silver Dollar coins were not really minted during that year. Coins minted in 1804 actually bore the date of 1803 because the government reused old dies from that previous year. Silver coins bearing the year 1804 were not struck until the year 1834. Secondly, 1804 Silver coins were not meant to be circulated. They were specifically and specially created as gifts. In 1834, the U.S. Department of State created the first set of 1804 Silver Dollar Coins with the purpose of giving them away to certain Asian rulers as gifts. The government presented these gifts with the hope of gaining trading advantages with the rulers. There are seven of these coins in existence and they constitute the Class I, or the originals, of 1804 Silver Dollar Coins. One was given to the King of Siam, King Rama III; another one was given to the Sultan of Oman and Muscat, Said Bin Sultan; and one was kept at a museum. No one knows exactly what happened to the remaining five silver coins because the then ambassador Edmund Roberts passed away during the expedition.

Then, sometime between the years 1858 and 1860, one Mint employee by the name of Theodore Eckfeld reproduced a couple of sets of 1804 Silver Dollar coins without authorization. Mr. Eckfeld struck these illegal silver coins using improvised dies. The first set, which is said to comprise of around fifteen coins, is known today as the Class II of the 1804 Silver Dollar coins. Mr. Eckfeld sold these to unknowing coin collectors in Philadelphia. Being illegally created, the U.S. government searched and confiscated these coins. Today, only one of these Class II 1804 Silver Coins remains and it’s kept at the Smithsonian Institution.

The second set of illegally struck silver coins is known today as Class III of the 1804 Silver Coins. There are seven of these coins that are known to exist. These coins bear a huge resemblance to the Class I coins and are harder to distinguish, except for a few differences that are invisible to the untrained eye. And unfortunately, they already got into the hands of collectors before the die from which they were struck was confiscated in 1860 by the director of Mint, Mr. James Ross Snowden.

CoinTrackers.com has estimated the 1804 1804 Dollar value at an average of $18050, one in certified mint state (MS+) could be worth $90,250. (see details)...

Type:1804 Dollar
Year:1804
Mint Mark: No mint mark
Face Value: 1.00 USD
Total Produced: 19,750,000 [?]
Silver Content: 90%
Silver Weight: .7735 oz.
Silver Melt: $21.05
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $18050, while one in certified mint state (MS+) condition could bring as much as $90,250 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1804, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].

Additional Info: Pop quiz! What year does the 1804 dollar have stamped on the obverse? All jokes aside the 1804 Dollar is a Numismatics dream. This coin is a rare American Treasure. Several even more rare strikes were issued and given to several prominent figures around the world.

Numismatic vs Intrinsic Value:This coin in poor condition is still worth $18028.95 more than the intrinsic value from silver content of $21.05, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.

Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.

Current silver melt value* for a 1804 No mint mark is $21.05 and this price is based off the current silver spot price of $27.22 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.

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**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. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.

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***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value.Call or visit your local coin dealer for more information.

1804 Silver Dollar

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1804 Silver Dollar Price

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