Historic 1804 Silver Dollar Sells For $3.88 Million in Heritage Auction

August 14th, 2013 by

(CoinWeek)

(CoinWeek)

Coming to us from CoinWeek, is the news that an historic “Class I” 1804 Draped Bust silver dollar has sold for  $3,887,500 at the Heritage coin auction at the ANA World Fair of Money convention in Chicago. This is one of only eight Class I 1804 dollars known to exist. All eight were struck as part of proof sets given to different Asian and Middle Eastern kings. The article describes this particular Draped Bust dollar as one of those eight, mentioning “The Mickley-Hawn-Queller-Greensboro Class I 1804 is of higher quality than at least two of the three privately owned Class III 1804 dollars.”

The article, by Greg Reynolds, contains a detailed history of the 1804 silver dollar, and is well worth the read!

While We can’t offer you a $3 million 1804 silver dollar at Gainesville Coins, we can fulfill your dream of holding the famous design in your own hands with the “Draped Bust” classic design silver round. This round is made from 1 troy ounce of 99.9% pure silver, so has more and purer silver than the original! They are on sale now at Gainesville Coins as low as 99¢ over spot!

drapedbustround