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. Dexter purchased his coin in 1885 from the Chapman Brothers Auction then sued for authenticity. The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. 234 talking about this. 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%.. Remarkably, the following year, another 1804 Silver Dollar known as the “Sultan of Muscat” specimen sold for a record $4,140,000. With regards to the 1804 silver dollar… • 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. The US Mint did mint silver dollars in 1804 but they were dated 1803, rather than make a new mold. 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. The finest-quality specimen of the 1804 dollar. Shop with confidence. 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. The Dexter specimen of the 1804 Draped Bust dollar is one of the most famous U.S. coins. Rare and hard to find coin. Unfortunately, if you have one of these coins you should assume it is a counterfeit.. Decades later, Mint employees made a handful of similar examples of 1804-dated dollars for collectors. No silver dollars dated 1804 actually were struck that year. $100 in 1804 is equivalent in purchasing power to about $2,205.33 today, an increase of $2,105.33 over 217 years. By Sunday, we had six interested parties who were calling, sending emails and texts, wanting to buy the coin from us. From United States. The PCGS3000® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. or Best Offer. Started by tman37-migration, December 22, 2013. 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. 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. Why a dollar today is worth only 5% of a dollar in 1804 Updated: December 12, 2020. 1804 Bowed Liberty Dollar thick BU rounds .999 fine silver. 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! 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 … Lately, we have experienced a sharp rise in calls from people who want to know how much their 1804 silver dollar is worth. 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. Almost gone. Most likely coined circa the mid-1830s along with the other Class I coins. Please enable Cookies and reload the page. This means that today's prices are 22.05 times … For if you had a real one of these (only 15 exist) you would certainly know it. • There are only 15 known 1804 dollars, and just eight like the kind that sold for $3.3 million on March 31, 2017. Instead of being worth millions of dollars these coins have no value at all. 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. 6 posts in this topic. Though dated 1804, none were struck in that year; all were minted in the 1830s or later. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index. Kevin and I are pleased it’s going to a good home,” said Albanese. It sold at auction in 2000 for an astounding $1,840,000.00! The 1804 Draped Bust dollar is one of the most famous coins in the world. 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. We both thought it would sell for $4 million or more Friday night. 1804 Draped Bust Dexter Dollar. 1804 dexter dollar 1804 dexter dollar 0. For this reason, it takes a trained eye to determine the authenticity. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. 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. The United States Mint struck only dollars dated 1803 in 1804, and then ceased regular production of silver dollars until 1840. The Dexter Dollar Collection of Historic and Important Numismatic Literature and Works of Art Morelan also was surprised at the winning bid price for the coin at the auction. For example, many fake Trade Dollars are struck from silver and are the correct weight. 1804 RARE Dexter Dollar SILVER King of US Coins BULLION Brilliant Uncirculated. 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. U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. C $82.09. 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. There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). 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. 1804 Dollar ($1) Replica 1 Ounce .999 Silver Medallion with Heraldic Eagle Reverse Replica. 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. If any silver dollars were minted during the year 1804, those probably would have been dated 1803. The purchase price was not disclosed. “After Friday night’s auction, I suggested we probably need this coin in his early American dollars set. 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. Sperber negotiated the sale on Sunday morning on behalf of Morelan. The 1804 silver dollar is not only one of the rarest but also one of the most popular silver dollars. 18 sold. (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. tman37-migration Member; 1 … 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. 1804 Dollar Replica 1 Ounce Silver Medallions Dexter Dollar Replica Silver Round. 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. tman37-migration 1 post. 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. 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®. The 1804 Dollar (also often referred to as the "Dexter Dollar" and the "King of American Coins") carries a lot of history and intrigue. SilverTowne 1804 Dollar $1 Struck in 1oz .999 Fine Silver Medallion 20 Piece Lot. I'm happy to pick it up for a few incremental bids over that level. English: 1804 Silver Dollar - Class I - Dexter - Dunham Specimen. Beautiful coin. 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. You may need to download version 2.0 now from the Chrome Web Store. (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 … The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. 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 Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. From United States. 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 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. The “Dexter Dollar” specimen that was originally purchased for $1,000 in 1884 by Denver businessman James Dexter. 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. By tradition, all are categorized as “Proofs.” They are certainly not business strikes. PCGS The Standard for the Rare Coin Industry. "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. 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. “I was shocked when the coin sold so low. 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. Performance & security by Cloudflare, Please complete the security check to access. 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. Dexter Specimen 1834-1840s, circa: Struck sometime during this period, by or under the direction of Chief Coiner Adam Eckfeldt. “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. The US Mint settled the matter. From 1803 or 1804 to 1834, no silv… Silver Coin Round. We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate. The Dexter Silver Dollar, 1804 was not minted in 1804. The negotiations with John and Kevin took only a few minutes to work out and everyone involved is happy.”. Another way to prevent getting this page in the future is to use Privacy Pass. Find great deals on eBay for 1804 dollar. “John and I bought the coin (at the Stack’s Bowers auction at the Whitman Baltimore Expo) in a moment of opportunity. C $129.00. 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. Back is stamped .999 (Think thats what is says, Im blind cant hardly read it.) or Best Offer. 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. Cloudflare Ray ID: 61032ea2aea00c54 Your IP: 80.237.75.2 “It is a hell of a coin and a hell of a deal for Super Collector Bruce Morelan,” stated Sperber. 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