The 1804 Draped Bust Silver Dollar is one of the most famous and valuable coins in U.S. history. Known as the “King of American Coins,” it holds legendary status among collectors for its rarity, beauty, and fascinating history.
The History Behind the Coin
Despite the date “1804” on its face, no silver dollars were actually struck for circulation in that year. The U.S. Mint stopped producing silver dollars after 1803 due to a shortage of silver. However, decades later, in the 1830s, the Mint produced a small number of 1804-dated dollars as special gifts for diplomatic missions.
These coins were part of proof sets given to foreign dignitaries as a gesture of goodwill, making them some of the rarest coins in American history.
1804 Draped Bust Silver Dollar Why It’s So Valuable
Extremely Limited Mintage – Only 15 genuine examples of the 1804 Draped Bust Silver Dollar are known to exist.
Historical Importance – Issued for special presentations, not public use.
High Collector Demand – Numismatists consider it a “must-have” in the ultimate coin collection.
In recent years, high-grade specimens have sold for over $4 million at auction, cementing its place as one of the most valuable U.S. coins.
1804 Draped Bust Silver Dollar Design Details
Obverse: Features Lady Liberty with flowing hair, surrounded by 13 stars representing the original colonies.
Reverse: Displays a majestic eagle holding arrows and an olive branch, symbolizing strength and peace.
Metal Content: 90% silver, 10% copper.
Diameter: Approximately 40 mm.
1804 Draped Bust Silver Dollar Collecting Tips
Given its extreme rarity, most collectors will never own an original 1804 Draped Bust Silver Dollar. However, there are high-quality replicas available for educational and display purposes. If you encounter one claiming to be genuine, have it authenticated by a trusted grading service such as PCGS or NGC.
1804 Draped Bust Silver Dollar Final Thoughts
The 1804 Draped Bust Silver Dollar is more than a coin — it is a symbol of America’s early history and craftsmanship. For collectors, it represents the pinnacle of U.S. numismatics and a dream piece that few will ever hold in their hands.
