1804 drape bust dollar. numismatics coins

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BullionVault


 The 1804 Draped Bust Dollar is one of the most famous and valuable coins in American numismatics. Despite being dated 1804, the coins were actually minted several years later, mainly for diplomatic gifts rather than for general circulation. 


The story behind the 1804 Dollar is quite intriguing. The U.S. Mint Director, Robert Patterson, decided to create coin sets for diplomatic gifts to be given to various dignitaries, including rulers in Asia. These sets included a silver dollar, among other coins. However, no silver dollars had been minted since 1803, and there was no demand for them in domestic commerce.


In 1834, to complete these sets, the Mint struck new examples of the Draped Bust Dollar, dated 1804. Only a few sets were made, and they were presented as diplomatic gifts. Consequently, only a handful of genuine 1804 Dollars exist today.


The 1804 Draped Bust Dollar is often considered the "King of American Coins." It is highly sought after by collectors and investors and frequently fetches millions of dollars at auction. Due to its rarity and historical significance, it remains an iconic symbol of American numismatics.

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