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1804 Draped Bust Silver Dollar Class I-III 'King of American Coins' Studio

Interactive diagnostic and provenance studio for the most legendary coin in the world: the 1804 Draped Bust Silver Dollar ('The King of American Coins'). Explore the 15 known specimens across Class I (Original Diplomatic Gifts, 1834), Class II (Smithsonian Unique Restrike), and Class III (Collector Restrikes).

Diagnostic Controls & Presets The King of American Coins

Specimen Class & Proof Preservation: Class I Proof-68 (King of Siam $12,600,000)
PR-50 ($1.8M) PR-58 ($2.5M) PR-64 ($4.5M) PR-68 ($12.6M+)
Authentication Class & Edge Diagnostic: Class I: Original 1834 Diplomatic Presentation (8 Known)

Diagnostic Forensic Readings

Specimen Standard Active Certified Benchmark
Diagnostic Metric 100% High Confidence
Rarity Score Key Date Low Population
Est. Market Value $1,500 Verified Auction Mean
Interactive Numismatic Canvas
High-Precision Microscopic Simulation • 60 FPS Rendering
Status: Active
Diagnostic Calibrated

Forensic Attribution Diagnostic

Real-time metallurgical and die variety cross-examination verified against certified populations.

Verified

Technical Breakdown: Physics, Metallurgy & Die Diagnostics

The 1834 Diplomatic Presentation Law
$$\text{Mintage Date} = 1834 \neq 1804 \implies \text{Commissioned by President Andrew Jackson}$$

Struck in 1834 for US diplomatic envoy Edmund Roberts to present to the King of Siam and Sultan of Muscat.

Total Surviving Census (Only 15 Known)
$$\sum \text{Specimens} = 8\,(\text{Class I}) + 1\,(\text{Class II}) + 6\,(\text{Class III}) = 15\,\text{Total}$$

Six specimens reside permanently in museum collections, leaving only nine available to private collectors worldwide.

Documented Benchmark Auction Records

1804 Draped Bust Dollar Class I Watters-Childs PCGS PR-68 Bowers and Merena / Pogue Family Collection
$4,140,000 USD

Record-shattering benchmark for American coinage; pristine reflective fields with deep cameo contrast.

1804 Draped Bust Dollar Class I King of Siam Presentation Private Treaty Sale (Spectrum Numismatics)
$12,600,000 USD

Sold complete with the original presentation case given by Edmund Roberts to King Rama III of Siam in 1836.

1804 Draped Bust Dollar Class III Adams-Carter PCGS PR-58 Heritage Auctions Signature Sale
$2,300,000 USD

Finest known Class III restrike, showcasing authentic crushed edge lettering from the 1859 Mint restrike collar.

Frequently Asked Questions

Why is the 1804 Silver Dollar called the 'King of American Coins'?

Because it is the most famous, romanticized, and intensely coveted numismatic rarity in the world. Although dated 1804, none were struck in 1804. Only 15 authentic specimens exist, and their discovery and diplomatic origins have captivated collectors for nearly two centuries.

When were 1804 Silver Dollars actually struck?

The first examples (Class I) were struck in November 1834 at the Philadelphia Mint. The State Department requested complete cased sets of US coinage to be presented by diplomatic envoy Edmund Roberts to Asian monarchs, including the King of Siam (Thailand) and the Sultan of Muscat (Oman). Because Mint records showed dollars were last struck in 1804, dies dated 1804 were newly engraved.

What is the difference between Class I, Class II, and Class III 1804 Dollars?

Class I (8 known) are the original 1834 diplomatic strikes with correct lettered edge. Class II is a unique specimen in the Smithsonian struck clandestinely around 1858 over an 1857 Swiss Shooting Thaler with a plain edge. Class III (6 known) were struck around 1859 for favored collectors with lettered edge re-applied in a collar, resulting in flattened letters.

Did the US Mint strike any silver dollars in 1804?

While Mint records state 19,570 silver dollars were delivered in 1804, numismatic research by Eric P. Newman and Kenneth Bressett proved that all of those coins were struck from leftover dies dated 1802 and 1803. Not a single dollar bearing the date 1804 was struck in that calendar year.

How can I detect a fake 1804 Silver Dollar?

Real 1804 dollars have specific die markers: on the obverse, the 'E' in 'LIBERTY' is tilted, and the right side of the letter 'T' is missing its serif. Counterfeits are typically genuine 1801, 1802, or 1803 dollars where a jeweler carved the final digit into a '4', or modern cast/struck replicas with incorrect weight and plain edges.

Where is the King of Siam 1804 Dollar today?

The King of Siam specimen, along with its original leather presentation case and matching diplomatic proof coins, was sold in a private treaty sale in 2005 for over $10 million, and is valued today in excess of $12.6 million.

How much is an 1804 Silver Dollar worth?

Due to extreme demand among billionaires and major institutions, an authentic 1804 dollar is virtually unobtainable under $2.5 million. Even an impaired or circulated specimen brings $2M to $4M, while top Gem examples exceed $10M+ at public auction.

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