The rarest and most important Bust dollar (which as a series, were dated from 1795 through 1804) is the 1804 dollar. In fact, the 1804 Bust silver dollar is perhaps the most famous of all rare coins.
Not a surprise, as the 1804 Bust silver dollar is often dubbed "The King of American Coins."
Here’s the story of the 1804 Bust Silver Dollar…
The 1804 Bust silver dollar is full of history and interesting twists and turns.
Perhaps the most ironic part of the whole 1804 Bust silver dollar is this: 1804 Bust silver dollars were not struck in 1804!
Another interesting twist to the story is this: 19,570 Bust silver dollars have been reported in United States Mint records from 1804. However, these 1804 silver dollars were actually dated 1803 or earlier!
Why The 1804 Bust Silver Dollar Was Made
In 1834, 2 special proof sets were produced as gifts for the King of Siam and Sultan of Muscat.
These 2 proof sets included a complete set of coins representative of U.S. coins during the era. In fact, the $10 Gold Eagle and Bust silver dollar (which were included in the set) actually had not been produced for decades.
While the Sultan of Muscat proof set no longer exists as a complete set (along with its luxuriously crafted wood and leather box), the King of Siam proof set remains intact and has surfaced in recent decades.
Classes Of 1804 Bust Silver Dollars
There are 15 known 1804 Bust silver dollars.
These 15 1804 Bust silver dollars have been divided into 3 classes (Class I, Class II, and Class III). The classes are based on the certain design and striking variations and also are classified based on whether the coins are original or restrikes.
- 8 belong to a class of original specimens: Class I. The King of Siam and Sultan of Muscat 1804 silver dollars belong in this class.
- 1 belongs to Class II, a restrike piece made from a Swiss silver coin called a "Thaler."
- 6 belong to Class III. They are also restrikes.
1804 Bust Silver Dollar Prices
Are you thinking about going out and buying an 1804 Bust silver dollar for your personal collection? Make sure you have deep pockets!
The 1804 Bust silver dollar has set records in the past for being the most expensive coin ever sold at auction. One 1804 Bust silver dollar sold in 1999 for $4.14 million. Others have sold for between $1 million and $2 million in recent years.
The only other coin to date to have sold for more than the 1804 Bust dollar is the 1933 Double Eagle, which brought in over $7.5 million at auction.
Watch Out for Fakes!
There is no way a coin can be worth over $1 million without someone trying to pass off counterfeits. Unfortunately, that is the case with the 1804 Bust silver dollar.
Notoriously, numerous fake 1804 Bust silver dollars have been sold to some unsuspecting people as genuine. When buying coins of value, it is vital to purchase only pieces which have been graded and authenticated by 3rd-party coin graders.
You will find "replica" 1804 Bust silver dollars in coin dealer ads. These are properly marked with the words "copy" or "replica" and are not intended to fool the buyer into thinking that he or she is buying a genuine 1804 Bust silver dollar.
These replica 1804 Bust silver dollars are designed to simply allow people a chance to own something which closely resembles the rare 1804 Bust silver dollar. Such replicas often sell for between $20 and $40 and sometimes are made with nearly pure silver.
Replica 1804 Bust silver dollars are generally worth only the value of the metal within the coin, but they do excite some people who want the feel of owning an 1804 Bust silver dollar without having to bid more than $1 million at auction!
More About 1804 Bust Silver Dollars
The 1804 Bust silver dollar’s history is really quite interesting. The story of the 1804 Bust silver dollar told here is only the tip of the iceberg to a complex and colorful tale that you will certainly want to find out much more about!
Some good articles you will want to check out include: