1804 P Draped Bust Dollars : First Reverse - Original - Class I

Heraldic Eagle

Mintage: 8
Minted at: Philadelphia

Designer - Engraver: Robert Scot
Metal Composition: 89% Silver - 11% Copper

Diameter: 39.5 mm
Mass / Weight: 26.96 grams

What this coin looks like (obverse, reverse, mint mark location, special features, etc.):
1804 Draped Bust Silver Dollar - Original Class I (Class 1)
This variety of the 1804 Draped Bust Silver Dollar is an Original Strike Proof with the Class I (Class 1) reverse. This truly isn't an original coin because it was struck many years after 1804. In fact: This coin was struck in 1834 through 1835 for use in presentation proof sets. Matthew Stickney was the first collector to obtain an 1804 silver dollar by trading an Immune Columbia gold piece. These are the most valuable and famous of the 1804 draped bust silver dollar varieties. Only 8 of these coins were produced and each one is easily worth well over $2 million. One recently sold for over $4 million at a recent auction! These are one of the most popular and most counterfeited of all US coins.

The difference between the Class I and Class II/III varieties has to do with a slightly different design on the reverse of the coin. The Class I variety features the words "STATES" and "OF" spaced more closely together. Class II and Class III both share the same design but the words "STATES" and "OF" are more widely spaced apart - making it easily distinguishable from the Class I variety. The difference between Class II vs Class III design is extremely subtle. The easiest way to distinguish the two is to view the edge of the coin. Class II has a plain smooth edge with no lettering while the Class III variety has a lettered edge. The difference between the 1804 Class I vs Class II & III Draped Bust Silver Dollar varieties (Original vs Restrike) is depicted below in the example comparison image:

Coin valuation chart: Typical coin prices, values and worth per grade or condition - in USD
Very Good
Very Fine
Extremely Fine
About Uncirculated

MELT VALUE: $13.45

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