If you’re a coin collector—or simply love history—you’ve likely heard whispers of the legendary 1804 Silver Dollar. Known as the “King of American Coins,” this masterpiece has sold for as much as $4.1 million at auction.
But here’s the twist: these coins weren’t actually minted in 1804. Let’s uncover the fascinating story behind one of the most valuable coins in the world.
đź“ś The Story Behind the 1804 Silver Dollar
Despite the 1804 date, the first Class I examples weren’t struck until the 1830s–1850s. They were made in Philadelphia as diplomatic gifts, commissioned by the U.S. State Department for presentation to foreign leaders.
Quick facts:
- Date on coin: 1804
- Actual mintage: 1834–1835 (Class I)
- Mint: Philadelphia
- Composition: 89.24% Silver, 10.76% Copper
- Weight: 26.96 grams
- Diameter: 39–40 mm
💎 Why It’s Worth Millions
Only 8 known Class I 1804 Silver Dollars exist today. Each coin features:
- Obverse: Lady Liberty surrounded by 13 stars (the original colonies)
- Reverse: A heraldic eagle with outstretched wings
What makes it so valuable:
🔹 Rarity: Only 8 official Class I examples exist
🔹 Historical Significance: Struck for high-level diplomatic sets
🔹 Prestige: Widely considered the most iconic U.S. coin
🔹 Auction Record: $4.1 million
đź’ˇ Did You Know? The 3 Classes of the 1804 Dollar
- Class I – Official diplomatic strikes (8 known, most valuable)
- Class II – Unauthorized Mint restrikes (only 1 known)
- Class III – Later restrikes (6 known)
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