Coin Specifications

Category: Early Dollars (1794-1804)
Mint: Philadelphia
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Silver
Fineness: 0.8920
Weight: 26.9600g
ASW: 0.7731oz
Melt Value: $21.21 (5/11/2021)
Diameter: 39-40mm
Edge: Lettered
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1804 CLASS III $1 PF obverse 1804 CLASS III $1 PF reverse
Smithsonian Institution
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Description & Analysis

As the popularity of coin collecting grew during the 1850s, the Philadelphia Mint was besieged with requests for specimens of rare coin issues from earlier years. Some of these coins did remain on hand from earlier years, but the supply was quickly exhausted, so the Mint resorted to creating restrikes from existing dies or novodels, coins from dies that had not previously existed but were of similar design to the originals. This practice is considered quite unacceptable today, but at that time it was only those collectors who were not able to get their requests fulfilled that cried foul. Such restrike and novodel coins were peddled by Mint officers until well into the 1870s, those sold after about 1860 being done so clandestinely and often for the profit of individuals rather than the Mint itself.

It's believed that Mint personnel created a new emission of 1804 silver dollars during 1858 to meet the demand from well-heeled collectors. Whether through ignorance of the facts or the belief that buyers would neither notice nor care, these coins were struck in plain collars, rather than having a lettered edge as on the Class I 1804 dollars and all regular-issue dollars of 1794-1803. With the sellers claiming that these examples were "originals" coined during 1804, this obvious anachronism made the coins difficult to place. The novodels were retrofitted with lettered edges, and six pieces are known of this Class III 1804 dollar (Class II describes the single piece surviving with a plain edge, a coin that is unique to the Smithsonian Institution's National Numismatic Collection). Whether all of the Class II and Class III coins were struck during 1858 alone or minting continued after that time is uncertain, but it certainly ended no later than the early 1870s.

Class II and Class III examples feature the same obverse die as the Class I dollars of 1834, but these later pieces share a different reverse, the older die evidently being lost or unsuitable by the 1850s.

GRADE SUMMARY

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Price Guide

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NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 3
Low Grade: 53
Average Grade: 60
High Grade: 65

The chart showing 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series.
NGC CENSUS DETAIL Last Updated: 5/4/2021 1804 CLASS III $1 PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--------11------1-----3
-----------------------
-----------------------
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Total--------11------1-----3
 --------33%33%------33%----- 

NGC Registry

NGC Registry Score 1804 CLASS III $1 PF CA
 PrAgGVGFVF4045505355586061626364656667686970
Base3333333333333333333333
3333333333333333333333
0000003333333333333300
0000003333333333333300
1804 CLASS III $1 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base3333333333333333333333
3333333333333333333333
0000003333333333333300
0000003333333333333300
Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.