- USA Coin Book
- Draped Bust
- 1804-P : First Reverse - Original - Class I
1804 Draped Bust Dollars : First Reverse - Original - Class I
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.):
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:
The 1804 Draped Bust Silver Dollar (First Reverse - Original - Class I Variety) (Proof coin) is worth $5,114,966 or more. Click here to learn how to use coin price charts. Also, click here to learn about grading coins. The Melt Value shown below is how valuable the coin's metal is worth (bare minimum value of coin). Click here to see the Melt Value of every US coin.
MELT VALUE: $13.17
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