The 1804 Draped Bust Silver Dollar is one of the most famous and rare coins in American numismatics. It's important to note that there are three different classes (or types) of 1804 dollars, known as Class I, Class II, and Class III.
The term "First Reverse" refers to the design on the back (reverse) of the coin. The 1804 dollars were actually struck several years later, around 1834-1835, to be used in diplomatic presentations.
The coins were presented as gifts to foreign dignitaries, and they were part of a set of rare and historic coins known as "The King of American Coins."
Class I 1804 Silver Dollars are considered original and were struck with the intent of creating a diplomatic presentation set. They feature a plain edge, and the reverse design depicts an eagle with a small olive branch and a bundle of arrows.
The rarity and historical significance of the 1804 Silver Dollar, especially the Class I examples, make them highly sought after by collectors
If you have an 1804 Draped Bust Silver Dollar with the First Reverse in your possession, it's recommended to have its authenticity and condition authenticated by reputable numismatic experts or grading services.
These coins often command extremely high values at auctions due to their scarcity and numismatic importance.
The 1804 Draped Bust Silver Dollar, particularly those classified as Class I with the "First Reverse," represents a pinnacle of rarity and desirability within the world of American numismatics.
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