1804 $1 Original - Class I PR65

CERTIFICATION#: -5
PCGS#: 6907

Owner's Comments

PCGS grade. Purchased by Louis Eliasberg at the B. Max Mehl sale of the William Atwater collection in 1946. Earlier owners include J. W. Garrett, James Ellsworth, Matthew Stickney, and Adam Eckfeldt. Sold by Bowers & Merena Apr '97 price realized $1,815,000. Lot #2199.

Expert Comments

Ron Guth:

The 1804 Silver Dollar is one of the rarest and most popular of all American coins, despite the fact that none were made until 1834 and several were even made many years after that!  Mint reports from 1804 show a delivery figure of 19,570 Silver Dollars, but numismatists believe these were all leftover coins dated 1803.  Certain qualities of the known 1804 Silver Dollars (and other facts concerning their history) indicate that the first 1804 Silver Dollars were struck in or about 1834, when orders came from the State Department for special sets of coins to be struck for diplomatic purposes.  Later restrikes were made sometime after 1857 (a unique example shows the undertype of an 1857 Swiss Shooting Thaler)!

Thus, we find three classes of 1804 Silver Dollars.  Class I examples were made circa 1834 - these all have lettered edges and no rust pit in the field just left of the top leaf of the olive branch on the reverse.  Class II examples were made after 1857 - the only known specimen has a plain edge.  Class III examples were made after 1857 - they all have lettered edges and a rust pit in the afore-mentioned place on the reverse.  Currently, eight examples are known of the Class I type, one is known of the Class II, and six are known of the Class III type.  The finest example known is a Class I "Original" owned by the C. F. Childs estate; this remarkable coin was recently graded Proof-68 by the Professional Coin Grading Service.

The coin illustrated above is an example of the Class III type.  Known as the "Amon Carter" specimen (named after the famous Texas numismatist who once owned it), this example has a pedigree dating all the way back to 1876.  In 1998, this coin was purchased by Legend Numismatics and placed in a collection that now includes rarities such as the 1794 Dollar from the Harry Bass collection, a 1795 Plain Eagle Dollar in PCGS MS65, a 1796 Dollar from the Whitney collection, a 1797 Dollar with obverse stars arranged 10x6 graded NGC MS65 from the Eliasberg Collection, an 1801 Dollar certified NGC MS63 from the Eliasberg collection, and an 1802 Dollar in PCGS MS64 from the Floyd Starr collection.

The following is a complete roster of all known examples of the 1804 Silver Dollar, divided into Classes.

CLASS I - Lettered Edge

1. The U.S. Mint Specimen

2. The Stickney - Eliasberg Specimen. PCGS Proof-65

3. The Cohen - ANA Specimen

4. The Mickley - Reed Hawn Specimen

5. The Parmelee - Byron Reed Specimen. ICG Proof-64

6. The Dexter Specimen

7. The Watters-Childs Specimen, (sold on August 30, 1999 for $4.14 million!); PCGS PR-68

8. The King of Siam Specimen, called "Brilliant Gem Proof" by Breen. PCGS PR-67

Class II - New reverse, plain edge, struck over an 1857 Swiss (Bern) Shooting Thaler

9. The U.S. Mint Specimen

Class III - New reverse, lettered edge

10. The Berg - Garrett Specimen

11. The Adams - Carter Specimen

12. The Davis - Wolfson Specimen

13. The Linderman - DuPont Specimen, now on display at the headquarters of the American Numismatic Association

14. The Rosenthal - ANS Specimen

15. The Idler - Bebee Specimen, now on display at the headquarters of the American Numismatic Association

Diameter: 40.00 millimeters Designer: Robert Scot Edge: Lettered: HUNDRED CENTS ONE DOLLAR OR UNIT
Mintage: 8 Weight: 27.00 grams Metal Content: 90% Silver, 10% Copper

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 8 R-9.6 2 / 5 TIE 2 / 5 TIE
60 or Better 6 R-9.7 2 / 5 TIE 2 / 5 TIE
65 or Better 4 R-9.8 2 / 5 2 / 5

Condition Census

Pos Grade Thumbnail Pedigree and History
1 PR68 PCGS grade   Sultan of Muscat - Watters - Brand-Childs - Dallas collection
2 PR67 PCGS grade  

Part of the King of Siam Set (the following pedigree information is for the complete set):

King Ph'ra Nang Klao (Rama III) of Siam - King Rama III - King Rama IV - Anna Leonowens and her descendants  (unconfirmed) - purchased in 1962 by David Spink and displayed at the 1962 American Numismatic Association in Atlanta, Georgia - Lester Merkin - sold in 1979 to Elvin I. Unterman - loaned to the Smithsonian Institution for display  from 1983 to 1984 - Bowers & Merena 10/1987:2209, unsold - consigned to Stack’s 5/1989 - purchased by The Rarities Group and Continental Rarity Coin Fund I - Superior 5/1990:3364, $3,190,000 - Iraj Sayah and Terry Brand - Superior 1/1993:1196 - Spectrum Numismatics - private collection - sold in 2001 to an anonymous collector via Spectrum Numismatics and Mike’s Coin Chest for a price reported to be in excess of $4.14 million - unknown intermediary - purchased on November 1, 2005 by Steven Contursi of Rare Coin Wholesalers for a reported $8.5 million

3 PR64 estimated grade  

Acquired by Matthew Stickney on May 9, 1843 at the U.S. Mint in exchange for a 1785 Immune Columbia struck in gold - Henry Chapman 6/1907:849 - Col. James Ellsworth - Wayte Raymond & John Work Garrett (via Knoedler & Co.), 1923 - William Cutler Atwater - B. Max Mehl 6/1946:213 - Louis Eliasberg, Sr. Collection - Bowers & Merena 4/1997:2199, $1,815,000

3 PR64 estimated grade  

E. Harrison Sanford, acquired in 1868 from an “aged lady” who bought the coin from the Mint at face value circa 1845-1849 - Edward Cogan 11/1875:99 - Lorin G. Parmelee - New York Coin & Stamp 6/1890:817 - Byron Reed - Omaha City Library - Western Heritage Museum (now the Durham Museum)

5 PR64 PCGS grade  

Adolph Weyl’s sale (Berlin) 10/1884:159, $216 - S.H. & H. Chapman - S.H. & H. Chapman 4/1885:354, $1,000 - James Vila Dexter (via J.W. Scott) - Roland G. Parvin (Dexter’s son-in-law and executor of the Dexter estate, November 1902, $2,000 - H.G. Brown - Lyman Low 10/1904:431 - William Forrester Dunham - B. Max Mehl 6/1941:1058 - Charles M. Williams, 1950 - Harold Bareford - Stack’s 10/1981:424 - RARCOA - Leon Hendrickson and George Winegart - RARCOA “Auction ‘89” 7/1989:247, $990,000 - American Rare Coin Fund - Superior 7/1993:551 - Superior 5/1994:761 - Harlan White - Holecek Family Trust - Stack’s 10/2000:1167, $1,840,000