1804 P Draped Bust Dollars : Second Reverse - Restrike - Class III

Heraldic Eagle

Mintage: 7
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 - Restrike Class III (Class 3)
This variety of the 1804 Draped Bust Silver Dollar is a Restrike Proof with the Class III (Class 3) reverse. The "original" coin was actually produced in 1834 and 1835. These restrikes were illegally produced by Mint employee Theodore Eckheldt starting in 1859 and intended for collectors. Only 7 of these are known to exist - Each coin is worth around $2 million or more!

The difference between the Original Class I and Restrikes 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:

1804
Coin valuation chart: Typical coin prices, values and worth per grade or condition - in USD
Good
(G-4)
Very Good
(VG-8)
Fine
(F-12)
Very Fine
(VF-20)
Extremely Fine
(EF-40)
About Uncirculated
(AU-50)
Uncirculated
(MS-60)
Uncirculated
(MS-65)
Proof
(PR-65)
--------1,962,751

MELT VALUE: $13.16


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