how many 1804 silver dollars are there
Silver Dollar Specimens There are 15 known specimens of the 1804 Silver Dollar in circulation. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. Another issue, the 1933 double eagle, with an auction record in …  The coin, which is the sole known Class II specimen in existence, was struck over an 1857 Swiss shooting thaler minted for the federal shooting festival held in Bern. U.S. Mint records, which could be wrong, indicate that thousands of silver dollars were struck in 1804. On the surface, the 1802 would appear to be the rarest Heraldic Eagle Reverse dollar with a reported mintage of just … Lately, we have experienced a sharp rise in calls from people who want to know how much their 1804 silver dollar is worth.  Additionally, many 1804 dollars were struck in proof finish, a technique which was first employed at the Mint in 1817. Early on, collectors assumed that the 1804 dollars were struck in 1804, and their rarity was explained by various theories. The 1804 silver dollar was called the "King of the U.S. Series" by the Chapman Brothers coin dealers as early as 1885 and to this day is known as "The King of Coins." Most of them are fakes, because genuine coins are so valuable. A. All existing 1804's were actually made after 1834 (in 0.900 silver) and have slightly variant weights.  The deformation of the edge lettering was caused by pressure pushing the coinage metal against the steel collar containing the coin blank. Many American numismatic pieces, patterns and regular issues, are rarer than the 1804 silver dollar, with its population of 15 known specimens. **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 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. Instead of being worth millions of dollars these coins … ", According to Newman and Bressett, the manner in which the 1804 dollars were produced is proof that none were struck in 1804. 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.  In 1883, a Class III dollar was reportedly purchased in Vienna for $740, and a Class I specimen was auctioned for $1,000 in 1885 by Henry and Samuel H. Auction prices reached $1,000 by 1885, and in the mid-twentieth century, the coins realized over $30,000.  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. Q. I’ve got an 1804 silver dollar – where do I sell it?  It is unknown why that date was chosen for the dollars, but numismatic historian R.W. The pieces measure 38.1 millimeters in diameter and weighed 26.73 grams.  Roberts died in Macau on June 12, 1836, before he could initiate contact with any other nations. . For example, many fake Trade Dollars are struck from silver and are the correct weight.  In the decades after the first 1804 dollars were produced, collectors became aware of their existence and desired to obtain them. A. 1804 United States Silver Dollar The 1804 U.S. dollar is one of the most publicized rarities in the entire series of U.S. coins. The 15 known 1804 silver dollars include eight examples of Class I, one of Class II, and six of Class III.  He delivered the next set to King Rama III of Siam the following year, on April 6. A. Said bin Sultan was the recipient of a coin set containing an 1804 dollar. There is 1 "class II" specimen, struck over a … " In 1891, numismatist John A. Nexsen wrote that the Class I 1804 dollars were "without doubt coined in 1804".  Dollar coin production ceased in March 1804, although those pieces bore the date of 1803. " Though none had been struck for over two years, Secretary of State James Madison officially suspended silver dollar coinage on May 1, 1806, addressing a letter to Patterson: Sir: In Consequence of a representation from the director of the Bank of the United States that considerable purchases have been made of dollars coined at the mint for the purpose of exporting them, and as it is probable further purchases and exportations will be made the President directs that all the silver to be coined at the mint shall be of small denominations, so that the value of the largest pieces shall not exceed half a dollar.. Unfortunately, if you have one of these coins you should assume it is a counterfeit.. Haseltine.  In 2012, Professional Coin Grading Service founder David Hall stated that counterfeit 1804 dollars had been available in Hong Kong for decades..  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