[85][86] In 2012, Professional Coin Grading Service founder David Hall stated that counterfeit 1804 dollars had been available in Hong Kong for decades.[87]. Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar … 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. [65] Additionally, many 1804 dollars were struck in proof finish, a technique which was first employed at the Mint in 1817. It will save you money next time you decide to sell or buy silver dollars. [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. 1804 Second Reverse, Class II – Unique. Various private mints have produced replicas of the 1804 dollar … These are very common and are usually worth only the value of the metal used to make the coins. 15 are known. However, those coins, struck from old dies as was common practice at the time, were dated 1803. [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permitted restrikes, there was a minor scandal which resulted in a Congressional investigation and the destruction of outdated coinage dies. [41][39] According to DuBois, five coins were known to be privately owned, of which four were recovered. Here’s a rundown on the various major types of silver dollars that have been struck since the United States Mint began making them in 1794: Flowing Hair Dollar … [67] Some early examples were maintained in the Mint's coin cabinet for use in trades, and in 1859, dealers began offering Class II dollars priced at $75, while Theodore Eckfeldt reportedly offered a Philadelphia coin dealer three coins for $70 each. [21], He also directed Moore to have two Morocco leather boxes made to house the coins. [5] The purity and weight standards outlined in the Act were based on the mean of several assays conducted on Spanish milled dollars. [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 pieces measure 38.1 millimeters in diameter and weighed 26.73 grams. This page addresses counterfeit dollars between 1798 and 1804. [22] As his initial correspondence indicated that the sets were to include coins of every type then in use, Mint officials included both the silver dollar and gold eagle. There are six 1804 silver dollars in museums and nine in private hands. [52] In 1885, auctioneer W.E. 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. For example, many fake Trade Dollars are struck from silver and are the correct weight. (2) A list of the most valuable silver coins by denomination. Unfortunately, if you have one of these coins you should assume it is a counterfeit.. They can be sold for bullion value at your nearest coin dealer (about $19.27 at current silver spot price). Some were brought back by service personnel returning from the Vietnam War. Are you concerned the precious metals train has left the station without you? Silver dollars, and the $1 denomination, were sparsely minted between 1804 and 1836, with the Gobrecht dollar minted at times during this 32-year period. [58], The fact that no 1804 dollars were struck in 1804 was not widely accepted by numismatists until the early twentieth century. Although the dollars struck in 1804 bore the date 1803, the eagles struck in that year were not antedated. Instead of being worth millions of dollars these coins … 8 of which are the "Class I" specimens which were struck in 1834 as gifts to diplomats, these are known as the "original" 1804 silver dollars. Why are they rare? (3) The dates that the metal composition changed for each U.S. coin denomination throughout the years. A collector subsequently acquired one example from the Mint in 1843. [81][g] One such coin in the collection of the San Francisco Mint was described by them as genuine from 1887 to 1927. (The 1804 Dollar was struck only in proof and not until the mid-1830s.) There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). [54] All fifteen extant specimens are acknowledged and studied by numismatists. [39] In 1859, James Ross Snowden unsuccessfully requested permission from the Treasury Secretary to create patterns and restrikes of rare coins for sale to collectors, and in that year, dealers began offering plain edge 1804 dollars to the public. They are identified by nicknames based on prominent owners, or the first individuals known to have possessed the coins. [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. There are three major US silver dollar coins … Though dated 1804, none were struck in that year; all were minted in the 1830s or later. In total, only 15 specimens are known to exist. 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. [70] In 1960, a Class III dollar fetched $28,000 at an auction conducted by Stack's, a coin firm, and the same coin reached $36,000 at another Stack's sale in 1963. **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. In a November 11, 1834, letter sent to Mint Director Samuel Moore, Secretary of State John Forsyth approved Roberts' suggestion, writing: The President [Andrew Jackson] has directed that a complete set of the coins of the United States be sent to the King of Siam, and another to the Sultan of Muscat. From old dies as was common practice at the time, were issued by the in. Several examples were surreptitiously produced by Mint officials the King of Siam, received the Second set coins! Contentious among numismatists dollar, but in fact many types any other nations October. Publicized rarities in the entire series of U.S. coins these coins you should it. 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