The 1804 Draped Bust Silver Dollar is one of the most famous and coveted coins in American numismatics. Here are some key points about the 1804 Draped Bust Silver Dollar, particularly the "Second Reverse" variety and the "Class III" restrikes:
Design: The Draped Bust design was created by Robert Scot, the Chief Engraver of the United States Mint at the time. The obverse (front) of the coin features a depiction of Lady Liberty facing right, with flowing hair and a draped bust.
Mintage: The 1804 Draped Bust Silver Dollar is one of the most famous examples of a "coin rarity" in American numismatics. Despite its date, no silver dollars were actually struck in 1804.
The surviving specimens were minted in the 1830s or later as special presentation pieces for diplomatic gifts. These coins were struck using leftover dies dated 1803, resulting in the "1804" date.
Second Reverse: The "Second Reverse" refers to a specific die variety used for the reverse of the 1804 Draped Bust Silver Dollar. This variety features a slightly different arrangement of the eagle's wings and the positioning of the arrows in the eagle's talons compared to the "First Reverse" variety.
Restrikes: The 1804 Draped Bust Silver Dollars are divided into several classes of restrikes based on their minting history. The "Class III" restrikes were struck at the Philadelphia Mint circa 1858-1860 under the supervision of Mint Director James Ross Snowden.
Popularity and Value: The 1804 Draped Bust Silver Dollar, regardless of variety or restrike class, is highly sought after by collectors and investors. It is often referred to as the "King of American Coins" and is considered a cornerstone of any numismatic collection.
Authentication: Due to the extreme value and rarity of genuine 1804 Draped Bust Silver Dollars, there have been instances of counterfeits and alterations. It's essential for collectors to seek authentication from reputable numismatic experts or professional grading services to ensure the authenticity of any purported 1804 Silver Dollar.
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