It will be the most complete description of this great coin that has ever before been published.. James Vila Dexter was a prominent banker from Denver, Colorado. Would it not be well to talk it over with our mutual friend Mr. Wolcott. He recognized the importance and the potential values of the greater American rarities early in his collecting career and lost no time in acquiring these rarities at the very first opportunity. Join now and also get a welcome voucher code for $5. To help illustrate the differences, I have attached a fake coin (upper image) and a genuine one (lower image) here from PCGS. Answer: If it is a class "A" copy from the 1804 dollar, so it looks real for many non-coin experts the value might be between $25 to $100 on the market. At the time, Jeff Bernberg of Rarcoa was quoted in Numismatic News as saying, We feel this might be the first coin to make a million dollars. Upon receiving it, I compared the letters pictured in the catalog to the hand-lettered copies of documents in my artwork and bingo! As gifts for the rulers he met, Roberts was provided with presentation sets of U.S. coins. It is rather a dark golden yellow a point I will ask you to remember because it is an important one and the case is held closed by a fluted gold thumb piece. And it is certainly one of the most valuable: When the Eliasberg specimen changed hands for $1,815,000 in April 1997, that went into the books as the highest price ever paid for any U.S. coin at public auction. R.A. McClure, curator, was one of the signors of Dexters Certificates of Genuineness. Picture Information. At the time, knowledge about 1804 dollars was evolving and rumors, not based on fact, circulated through the numismatic community. This particular case was certainly never crimson but, before it became darkened by age was undoubtedly yellow. The 1803 silver dollar with the small 3 and the 1803 silver dollar with the large 3 have similar values. Dexter stating that they guarantee the 1804 dollar he purchased from their sale to be genuine and as described. A 1901 Indian Head cent in uncirculated condition ranges from $20 to $100 in high grade. 1804 Restrikes were produced around 1859 for prominent collectors. 2010 - 2023 USA Coin Book. During the 1990s the Idler 1804 was donated to the ANA where its now on display in the ANA museum in Colorado Springs, just feet away from Granbergs safe where the dollar used to live, which I donated to the ANA in 2010. There are only 4 of these 1884 Weyl catalogs known, one of which is part of The Dexter Dollar Collection of Historic and Important Numismatic Literature and Works of Art, exhibited in part on this website. Similarly, the Chapmans built their case and recruited officials from the U.S. Mint to testify on their behalf. Gold & Silver Coin Investment vs Bitcoins. I discovered several letters in the James V. Dexter collection of documents at the Colorado Historical Society in Denver. Of course, the outstanding coin in this Series is the 1804 Dollar. Thank you Brent! The creation of 1804-dated silver dollars began with an 1834 Presidential Directive sent to the U.S. Mint in Philadelphia. The single finest example of the 1804 US silver dollar sold for an astonishing $7.68 million at a Stack's Bowers Galleries. The coin store has no experience over the coin nor knowledge about its history. However, because his collection was sold privately, no record of his collection was left behind in the form of an auction catalog. "With large cents, this practice was common in every year from 1795 through at least 1803 -- and maybe through 1806," Breen told me. Lincoln was chosen as a subject for the penny to commemorate the 100th anniversary of his birth. Sconyers would not comment on what that amount was. Hendrickson, reflecting on the sale of the coin, said: Ive really enjoyed owning it. Others have sold for between $1 million and $2 million in recent years. In my experience, no coin store would ever be fooled by such an amateurish attempt to pass off a counterfeit coin. Two of the statutory U.S. coins -- the silver dollar and eagle (or $10 gold piece) -- hadn't been issued since 1804, but Mint Director Samuel Moore decided to include them anyway. P.O. Trial comes up Monday. COIN And all, it is now believed, were made from dies left over from the previous year or two. That was the headline of a July 12, 1989 story published on the front page of Coin World, written by William T. Gibbs, news editor. Scott after the sale, Dexters Scott & Company invoice for 42 coins he purchased from the Chapman sale, receipt for payment of the dollar from the auctioneer, six articles about the Chapman sale of the 1804 dollar. Scott wrote Dexter on May 19, 1885, a few days after the sale. Typical counterfeit 1804 dollars have reeded edges. Acting on false advice, J.V. Finally, he bought one and remarked, It was the Dexter Dollar! After he received the coin, he studied the dollar again and again over a weekend, then he put it in the bank where it stayed until he decided to sell it six years later (tripling his money!). and H. Chapman stationary. I recall there were several important American numismatic rarities, but just what they were I do not now recall for the reason that the shining light of the little lot was no less than the King of American Coins, the 1804 Dollar! It should be noted that the mintage figures above are based on all known specimens, and it is by no means impossible that there are other 1804 dollars floating around. Can you find the words COPY on your coin? An 1804 Silver Dollar Is Worth More Than $3 Million. 1804) Video in the description, NEW! Hi, I have a 1804 silver dollar coin. First, the Stickney specimen, from the Eliasberg Collection, sold in a 1997 Bowers and Merena auction for $1,815,000 another world record price paid for a single coin sold at public auction. He told Coin World the price exceeded the $575,000 floor the consignor set at which bidding was to begin. Ellinger Str. Mr. Brown the Counsel for the Chapman Bros states that the suit has injured their business greatly and asks if you would object to giving them a letter that you hold the certificates and that you dismissed the suit satisfied as to their honesty in the transaction. Who knows?". Being young in numismatics (and in years), at the time, but always having heard of the great 1804 Dollar, you can imagine the thrill I then and there experienced of so unexpectedly meeting a famous collector and seeing for the first time this great coin and having the privilege of handling it!. because yours is a copy as well? Thanks so much! In short, I feel justified in stating that this is not simply a Coin Sale Catalog, but really and truly a Library of Numismatics., This Collection, as a whole, is the most important collection of its kind ever offered in the nearly 150 years of American Numismatics.. The 1795 Draped Bust dollar is worth around $1,000 in about good condition. Copies of three numismatic journal articles that are relevant to the letters are included in the collection. Granberg was Chairman of the Board of the ANA from 1911 to 1914 and President from 1915 to 1916. Most one dollar United States of America Liberty coins are not encountered on a day to day basis in circulation. Particular coins being offered for sale may not have been included within particular indexes, and if included, may not have experienced the same market movements as the index as a whole. Bottom left and right: Pages 24, 25 and 26 of the 1885 auction catalogue of The Chapman Collection which illustrate the description of the 1804 dollar. Counterstamped D on 1804 dollar still a mystery. and H. Chapman on March 15, 1886, claiming fraud and deception. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Again, your 1804 dated dollar is not real. Production of silver dollars was suspended after March 31, 1804 -- with good reason: The large silver coins simply weren't circulating. I think its one of the finest coins that you can possibly ever own.. The West Point Mint Before The W Mintmark, The Many Faces of the George Washington Quarter. This is the end of highlights from The Dexter Dollar Collection of Historic and Important Numismatic Literature and Works of Art. Of this dollar, according to the returns of the United States Mint records, 19,570 pieces were struck, and with the exception of a few, were all exported to Africa to pay the sailors and soldiers engaged in the war against Tripoli.. Something went wrong. How much is a lady liberty silver dollar coin worth? If you have a coins related question and cant find the answer, askus and find the answer soon in the FAQ section from this site. Undoubtedly the most famous and best known rarity of our entire coinage, and one of the most famous coins of the entire world. During the early 1990s, the Dexter Dollar was sold to an anonymous Northern California collector for an undisclosed price. To be able to use American Mint in full range, we recommend activating Javascript in your browser. While our testimony would have been reliable coming from Messers Frossard, Smith and Proskey still these gentlemen or at least two of them are dealers and would not have had sufficient weight before a jury to overcome the positive evidence which would have been brought forward by the Chapmans. Today, 1 oz SilverTowne 1804 Dollar Replica Copper Rounds are available to you online from JM Bullion. Why are they rare? According to a 2016 Coin World article, The Oct. 13, 1884, Weyl sale is essential to our understanding of the history of the Dexter 1804 dollar, one of the most important coins in American NumismaticsThe Weyl catalog remains one of the rarest, most important, and enigmatic documents in the numismatic literature corpus.. This letter illustrates how the letters from the Chapmans to Adolph Weyl were exactly copied to the letterpress copybook, now in the archives of the American Numismatic Society in New York City. The suspension remained in effect for three decades, and its lifting -- little noticed at the time -- gave rise to one of the most important chapters in U.S. numismatic history. Genuine 1804 eagles had been made, but no dies had ever existed for 1804 silver dollars. Round Highlights: You should be ashamed of yourself. I send you today by express the dollar and the certificates. My research binder pictured below has been built over more than 30 years of pursuing the story of the Dexter Dollar. They wrote to other owners of 1804 dollars seeking to compare their coin to other examples known, including celebrated collector Matthew A. Stickneys 1804. Stepping up to the plate, at the sale, were Mack and Brent Pogue father and son who put in a bid on the day of the sale and then went to dinner. and H. Chapman letter of June 3rd, 1885 guaranteeing Dexters 1804 dollar to be genuine, Top left and right: J.W. The Pogue family purchased the Dexter 1804 Dollar in the sale. Average star voting: 5 ( 13551 reviews) Summary: The coin is being offered from the collection of the late Utah Jazz owner, Larry H. Miller, to benefit charity. Make our shining 1804 silver dollar Class I coin ahighlight of your collection. Authentic ones have either lettered or plain edges and proof surfaces. Laughin' 4/8/2018. #9 - 1804 Bust Dollar - Class I (Mickley-Hawn-Queller Specimen) Heritage Auctions, HA.com Price Realized: $3,877,500 Date Sold: August 9, 2013 Sold By: Heritage Auctions, Dallas, Texas (Auction #1188, Lot #5699) This is the same coin that is listed as the #10 Most Valuable Coins in the World above that sold for $3,737,500 in April of 2008. The latest sale was in August 2020 when Brent Pogues historic numismatic literature and rare Spanish Colonial gold coinage was sold. Many coin collectors would be interested in buying a perfect look-alike copy of the 1804 dollar knowing they can never afford to buy a real 1804 dollar anyway. Uncirculated 1795 dollars are exceedingly scarce and are generally worth $55,000 to $60,000 or more. Enter your email address to subscribe to this blog and receive notifications of new posts by email. In extremely fine condition the value is around $4,500. Would you please let me know how much it is worth? Sign up now to join our e-mail list and ensure that you will no longer miss any offers from American Mint. After the presentation, Ken Bressett stated to Numismatic News, The existence of this proof set case is not important solely for the fact that a new 1804 dollar has been discovered, it is important because this proves that proof or even specimen sets of United States coins were issued as early as 1834, it proves the existence of another specimen of the 1804 eagle which heretofore had been thought to have been struck around 1850 and this then dates it to 1834 with certainty. Charles M. Williams was an insurance executive with the Western and Southern Life Insurance Company of Cincinnati, Ohio. Thirty-one years later, after fulfilling his lifelong dream of cataloging the W. F. Dunham Collection, B. Max Mehl summed up the 1804 Dollar with a defining quote: The KING of AMERICAN COINS CoinTrackers.com estimates the value of a 1799 Draped Bust Dollar in average condition to be worth $796.00, while one in mint state could be valued around $22,118.00. The catalog description for the Dexter Dollar included this important news: No description of the Dollar, however, would be complete without mentioning a most interesting detail that tells much about collector pride of ownership. Made from dies left over from the U.S. Mint to testify on their behalf based! Letters pictured in the James V. Dexter collection of Historic and Important Literature! Mcclure, curator, was one of the most famous coins of the liberty 1804 coin copy value coins that you will longer! 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