[60] In 1867, numismatist W. Elliot Woodward acknowledged that 1804 dollars were struck as diplomatic gifts in 1834, but he also believed that others were struck in 1804. While you may happen to be one of the few private owners of the 1804 dollar, it’s much more likely you in fact own one of the countless 1804 replica coins. [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permitted restrikes, there was a minor scandal which resulted in a Congressional investigation and the destruction of outdated coinage dies. Instead of being worth millions of dollars these coins … Some were brought back by service personnel returning from the Vietnam War. For example, many fake Trade Dollars are struck from silver and are the correct weight. In this article you will find (1) A complete list of U.S. coins made of silver by denomination. 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. Unless you go to the Smithsonian in Washington D.C. … The cost of silver is a meager investment when the intent is to sell for 10 - 20 times its weight. [56] The coin was housed in a yellow leather case embossed with an eagle and other ornamentation, conforming to the description of that made for the King of Siam. He stated that one should be yellow in color, and the other crimson, and that funds could be drawn from the Treasury for the value of the boxes and coins. [21], He also directed Moore to have two Morocco leather boxes made to house the coins. [19] In addition to several other items, he requested a set of coins as an appropriate offering to Said bin Sultan: I am rather at a loss to know what articles will be most acceptable to the Sultan, but I suppose a complete set of new gold & silver & copper coins of the U.S. neatly arranged in a morocco case & then to have an outward covering would be proper to send not only to the sultan, but to other Asiatics.[21]. [76] Although Bolen added his name to the edge of the coin, other forgers created altered date coins with the intent to deceive. [20] After the treaties were ratified in the United States, Roberts had to return to Siam and Muscat to receive approval from the representatives of those nations. [56][f] As all of the coins in the set were dated 1834 with the exception of the dollar and eagle, it provided the first definitive proof that an 1804 dollar was included in the diplomatic presentation sets. With regards to the 1804 silver dollar… [44] The obverse coinage die used to strike the Class II and Class III 1804 dollars was deposited in safekeeping in 1860, and the reverse die was destroyed in that year. Numismatists first became aware of the 1804 dollar in 1842, when an illustration of one example appeared in a publication authored by two Mint employees. [46] Newman and Bressett assert that they were struck at approximately the same time as the Class II dollars, and that the edges were lettered and the coins concealed by Mint employees until 1869, when one was offered to a coin collector, who rejected it as a restrike. [78] All silver dollars dated between 1800 and 1803 were subject to alteration to 1804 dollars, but 1801 was the date most commonly used for that purpose. [c] The moratorium on silver dollar coinage had been lifted in 1831, but none had been coined since those issued in March 1804. . [29] Roberts died in Macau on June 12, 1836, before he could initiate contact with any other nations. All existing 1804's were actually made after 1834 (in 0.900 silver) and have slightly variant weights. [38] Several were struck at the Mint in 1858. 15 are known. They were first created for use in special proof coin sets used as diplomatic gifts during Edmund Roberts' trips to Siam and Muscat. From their discovery by numismatists, 1804 dollars have commanded high prices. On the surface, the 1802 would appear to be the rarest Heraldic Eagle Reverse dollar with a reported mintage of just … 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. Officially, Roberts was a "special agent", but he was described in a later State Department document as a "Special Envoy". 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. The 15 known 1804 silver dollars include eight examples of Class I, one of Class II, and six of Class III. This, however, is extremely unlikely as 1804 dollars are among the most studied coins around and after some two centuries there is every reason to believe all pieces in any active ownership would have come to light. [7] In 1793, President George Washington signed into law a bill which declared Spanish milled dollars legal tender, provided that they weighed no less than 415 grains (26.9 g), which meant that at the lowest weight allowed by law, the Spanish dollars would contain approximately 0.5 percent less silver than the United States dollar coins. [41][39] According to DuBois, five coins were known to be privately owned, of which four were recovered. It will save you money next time you decide to sell or buy silver dollars. [81][g] One such coin in the collection of the San Francisco Mint was described by them as genuine from 1887 to 1927. What’s up? But what makes these 1804 dollars so special? Are you concerned the precious metals train has left the station without you? There are six 1804 silver dollars in museums and nine in private hands. The silver dollar and gold eagle, which had been previously minted in 1804, were struck once again for the presentation set. They can be sold for bullion value at your nearest coin dealer (about $19.27 at current silver spot price). There exist eight Class I 1804 dollars (“originals”), one Class II 1804 Dollar, and six Class III 1804 dollars (“restrikes”). [84], More modern replicas, known as "Saigon copies", were commonly offered as original at low prices to American soldiers during the Vietnam War. [52] In 1885, auctioneer W.E. [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. (2) A list of the most valuable silver coins by denomination. Unless you are very wealthy or you purchased one of the known specimens from a reliable source, your 1804 dated dollar … [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. Julian suggests that it could have been done to prevent angering collectors who would not have been able to acquire the 1834-dated coin for their collections; Chief Coiner Adam Eckfeldt, after consulting with Moore, mistakenly determined that 19,570 dollars bearing the date 1804 were struck in that year. ( 3 ) the dates that the metal composition changed for each U.S. coin denomination throughout the years for in. Pieces measure 38.1 millimeters in diameter and weighed 26.73 grams [ 54 ] dollars. 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