Draped Bust Silver Dollar – 1804
The 1804 Draped Bust Silver Dollar is perhaps of the most amazing and desired coin in American numismatics, frequently alluded to as “The Ruler of American Coins.” Regardless of the date on the coin, none were actually struck in 1804. Instead, these coins were produced in the mid-1830s as special presentation pieces, intended for diplomatic gifts during missions to foreign dignitaries. This intriguing history, combined with its extreme rarity, has cemented the 1804 Draped Bust Silver Dollar’s status as one of the most valuable coins in the world.
The coin’s design is a classic example of early American coinage artistry. The obverse features the Draped Bust of Liberty, designed by Robert Scot, with her hair elegantly tied back and draped with a flowing ribbon. The word “LIBERTY” arches above her, with stars encircling the portrait. The reverse of the coin showcases a heraldic eagle clutching arrows and an olive branch, symbolizing the nation’s readiness for both war and peace. Over the eagle is a parchment recorded with the saying “E PLURIBUS UNUM,” or more that, a bunch of stars and mists, addressing the first 13 provinces.
The rarity of the 1804 Draped Bust Silver Dollar is unparalleled. Only 15 specimens are known to exist, categorized into three different classes based on their origin and striking period. These coins are not just numismatic treasures; they are pieces of American history, each with its own unique story of how it survived the centuries. The allure of owning an 1804 Draped Bust Silver Dollar has driven record-breaking auction prices, with some examples selling for millions of dollars.
San Diego Numismatics is proud to deal in extraordinary coins like the 1804 Draped Bust Silver Dollar. Our team of expert numismatists understands the immense historical and financial value of such rarities, offering specialized services for those looking to buy or sell this iconic coin. Whether you’re an experienced collector seeking to add this “King of American Coins” to your collection or someone fortunate enough to own one and considering selling, San Diego Numismatics offers top-tier evaluations and competitive pricing. We are committed to ensuring you receive the best possible value and service. Visit us in San Diego, where our passion for numismatics and dedication to our clients creates a seamless and rewarding experience for all who walk through our doors.