[23] Though the minting of dollars had been approved in 1831, none had been struck since 1804. In his letter, de Saussure mentioned the unauthorized silver standard and suggested that Congress be urged t… PCGS VG10 1798 DRAPED BUST DOLLAR PLEASING ORIGINAL . The 1800 Draped Bust Dollar (Buy on eBay) turned the page on the century with a mintage of 220,920 coins.The design continued to feature Liberty on the obverse and a heraldic eagle on the reverse, both credited to Robert Scot, although initially based on a sketch by Gilbert Stuart. Value of 1800 BB-186 Draped Bust Silver Dollar. [5] Several sketches were approved by Mint engraver Robert Scot and de Saussure and sent to President George Washington and Secretary of State Thomas Jefferson to gain their approval. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. Read more Compare. [29] The coins continued to gain popularity throughout the 20th century, and the price reached an all-time high in 1999, when an example graded Proof-68 was sold at auction for $4,140,000. SPECIFICATIONS: Designer: Obverse by Robert Scot, reverse by John Eckstein . [5] R.W. or Best Offer. [9] The total production of 1795 dollars (including both the Flowing Hair and Draped Bust types) totalled 203,033. I was looking at an 1801 Draped Bust Dollar at a market today and it had some odd (well, I thought so, anyway...) for the edge lettering: ... * from "The United States Early Silver Dollars 1794 - 1803", Jules Reiver, Krause Publications . US Draped Bust Silver Dollar (Heraldic Eagle) (Counterfeit) 1798 to 1804. [5], It is unknown exactly when production of the new design began, as precise records relating to design were not kept at that time. [25] In May 1843, numismatist Matthew A. Stickney was able to obtain an 1804 dollar from the Mint's coin cabinet by trading a rare pre-federal United States gold coin. Q. David Bowers (edited and updated by Mike Sherman): The 1795 Draped Bust dollar represents the initial appearance of this design in American coinage. Later, assayer Albian Cox died suddenly from a stroke in his home on November 27, 1795, leaving the vital post of assayer vacant. Grade. [27] In 1867, one of the original 1804 dollars was sold at auction for $750 ($13,720 today). This is what the Heritage Auction's commentary, in part, reads. This Dollar has the catalog numbers: Bowers Borckardt-186, Bolender-4, or Haseltine-4. [25] Several 1804 dollars were struck, and some were sold for personal profit on the part of Mint officials. Services; ... 1800 Dotted Date ... Silver $27.16 (-0.01) 01-07 7:48 PM EST. [15] In November 1797, the Bank deposited approximately $30,000 worth of French silver. This silver clad tribute coin is a stunning example and is a great way to add a historic design to your collection! [13] In April 1797, an agreement was reached between the Mint and the Bank of the United States. The die defect resulted in a thick line right after the last letter "A". Population . 1800 Draped Bust Liberty Silver Dollar, PCGS XF-40, Nice Toning, Problem Free! The Draped Bust dollar series was designed by Robert Scot and remains one of the most popular classic coins. Officials mistakenly believed that dollars had last been minted with the date 1804, prompting them to use that date rather than the date in which the coins were actually struck. CALL FOR CURRENT MARKET PRICE. [13] The total mintage for 1796 was 79,920,[12] which amounts to an approximate 62% reduction from the previous year's total. This coin has appears to me to be very conservatively graded - it is weakly struck but retains much lustre on both sides, looking more like an XF40 graded coin. In 1804, coinage of silver dollars was halted; the last date used during regular mint production was 1803. Click the button below for catalog-specific information about this item. This is a nice moderately circulated example of the popular 1800 AMERICAI Dollar. This coin in poor condition is still worth $1005.77 more than the intrinsic value from silver content of $19.23, this coin is thus more valuable to a collector than to a silver bug. This Dollar has the catalog numbers: Bowers Borckardt-186, Bolender-4, or Haseltine-4. [9] In his letter, de Saussure mentioned the unauthorized silver standard and suggested that Congress be urged to make the standard official, but this was not done. [22] The State Department ordered two sets of "specimens of each kind [of coins] now in use, whether of gold, silver, or copper". Richard Ponterio Richard, with 45 years of experience, handles ancient and world coins as well as foreign banknotes. Contact Richard The most common dates are the 1798 and 1799, though these are quite challenging to find with truly original, undamaged surfaces. In October 1795, newly appointed Mint Director Elias Boudinot ordered that the legal fineness of 0.892 (89.2%) silver be used for the dollar rather than the unauthorized fineness of 0.900 (90%) silver that had been used since the denomination was first minted in 1794. Want more info? Compare. HANSEN GREAT BUST DOLLAR TYPE COIN 1798 LARGE EAGLE $1 PCGS/CAC XF40 GREAT BUST DOLLAR TYPE COIN The example on the right appears to better match a genuine B-10 1799 Draped Bust dollar, but common “markers” between the two suspect examples’ reverses and to … Find the current Draped Bust Dollar values by year, coin varieties, and specific grade. Another major variety of the 1800 Draped Bust Silver Dollar features 10 arrows on the reverse of the coin. [9] In response to de Saussure's letter, Washington expressed his displeasure in the resignation, stating that he had viewed de Saussure's tenure with "entire satisfaction". (see details)... (adsbygoogle = window.adsbygoogle || []).push({}); Type: Draped Bust Dollar How much are my U.S. 1800 $1 business strike dollar worth? [25] Following Roberts' death, the remaining two sets were returned to the Mint without being presented to the dignitaries. R.W. Obverse: 1 in date close to curl, and 8 tipped too much to right at top.Liberty’s mouth open. The line slightly resembles a letter "I" after the A - hence the name of … [19] Production dropped to 54,454 silver dollars in 1801 and 41,650 in 1802, after Boudinot was able to convince many depositors to accept their silver in the form of small denominations. Julian, however, places the beginning of production in either late September or early October 1795, while Taxay asserts that the first new silver dollars were struck in October. For a larger Item image, click on lower right hand corner. The 1800 "Dotted Date" Draped Bust Silver Dollar features a die defect around the date - particularly around and within the first "0". These early American silver dollars are widely collected along with the Flowing Hair silver dollar of 1794 and 1795, which Scot also designed. 1799 $1 13 Star Reverse Variety $ 1,050.00. [18] In 1800, silver deposits once again began to decline, and the total silver dollar output for that year was 220,920. [17] In 1801, following complaints from the public and members of Congress regarding the lack of small change in circulation, Boudinot began requesting that silver depositors receive smaller denominations rather than the routinely requested silver dollars, in an effort to supply the nation with more small change. In the silver dollar series the obverse motif was continued through pieces dated 1804 (business strikes were last made in 1803, however), while the reverse motif was employed only through early 1798. [24], United States dollar coin minted from 1795 to 1803, https://en.wikipedia.org/w/index.php?title=Draped_Bust_dollar&oldid=986473927, Creative Commons Attribution-ShareAlike License, This page was last edited on 1 November 2020, at 02:34. Year: 1800 1799 Draped Bust Silver Dollar VF35 PCGS. [19] Mintage of the 1803 dollar continued until March 1804, when production of silver dollars ceased entirely. There are only 15 genuine 1804 dollar coins known to exist. [16] Mintage numbers for the dollar remained high through 1799, with 423,515 struck that year. Also learn how to properly store your coins. [3] It has been suggested that Philadelphia socialite Ann Willing Bingham posed as the model for the coin. 1800 Draped Bust Dollar value by date. It is unknown exactly when production of the new design began, as precise records relating to design were not kept at that time. About 1800 $1 MS Draped Bust Dollars. Coins worth more to a collectors may be a better long term investment. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. [28] In the early 20th century, coin dealer B. Max Mehl began marketing the 1804 dollar as the "King of American Coins". Two major varieties are found on the 1795 Draped Bust Dollar - one with the bust of Liberty well-centered on the coin, and another with the bust placed too far to the left. 1800 Draped Bust Silver Dollar Coin BB-184 B-12 ANACS AU Details Improperly Clnd. Draped Bust silver dollars are scarce, though available for a price. [12] Boudinot soon ordered that production of minor denominations be increased. Metal content: Silver - 90%. ***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Home > Auction-Archive > Silver and Trade Dollars > Draped Bust Silver Dollars > 1800 Draped Bust Silver Dollar ANACS VF-30 > Back to Search/Browse Page. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. Julian speculates that Henry William de Saussure, who was named Director of the Mint on July 9, 1795, may have suggested it, as he had stated a redesign of the American coinage as one of his goals before taking office. American Draped Bust Dollar. This design is known as Draped Bust, Heraldic Eagle. Silver Melt: $21.08 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $1018, while one in certified mint state (MS+) condition could bring as much as $30,506 at auction. Copy 1800 Draped Bust Silver Dollar Tribute Coin - the most sought after Silver Dollar Own a piece of history with a copy of America's most desired silver dollar coin. [17], Toward the end of the 18th century, many of the silver dollars produced by the Mint were shipped to and circulated or melted in China in order to satisfy the great demand for silver bullion in that nation. [24] Roberts left for his trip in April 1835, and he presented one set each to the Sultan of Muscat and the King of Siam. [23] Roberts fell ill in Bangkok and was taken to Macao, where he died in June 1835. [20], In 1831, Mint Director Samuel Moore filed a request through the Treasury asking president Andrew Jackson to once again allow the coinage of silver dollars; the request was approved on April 18. Silver Dollars (1794-1978) Early Silver Dollars (1794-1839) 1800 Draped Bust Dollar MS-61 NGC Rollover to zoom. The Coinage Act of 1792 called for the silver coinage to be struck in an alloy consisting of 89.2% silver and 10.8% copper. 1800 Draped Bust Silver Dollar ANACS VF-30 . [7] After the plaster models were created, the engravers of the Philadelphia Mint (including Scot) began creating hubs that would be used to make dies for the new coins. Currently Out of Stock. The great rarity is the 1804 Draped Bust Dollar, which was not a regular issue, but specially created as diplomatic gifts. Copper - 10%. [3], Though the designer of the coin is unknown, artist Gilbert Stuart is widely acknowledged to have been its creator;[3] Mint Director James Ross Snowden began researching the early history of the United States Mint and its coinage in the 1850s, during which time he interviewed descendants of Stuart who claimed that their ancestor was the designer. The person chosen to fill the position was statesman and former congressman Elias Boudinot. For a larger Item image, click on lower right hand corner. Silver Melt: $20.62 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $1025, while one in certified mint state (MS+) condition could bring as much as $33,273 at auction. Diameter: 39-40 millimeters. ITEM Big Valley Auction / March 24/25, 2020 / 1800 DRAPED BUST SILVER DOLLAR. Silver Weight: 0.7735 oz. [1] However, Mint officials were reluctant to strike coins with the unusual fineness, so it was decided to strike them in an unauthorized alloy of 90% silver instead. Want to join CoinTrackers and Track Your Coins 100% FREE? Read more. Fine - 15. [3] It is unknown what prompted this change or who suggested it, though numismatic historian R.W. 1800 Draped Bust Dollar. [17] Following a formal request from the Bank of the United States, Secretary of State James Madison officially suspended silver dollar and gold eagle production in 1806, although minting of both had ended two years earlier. The mintages for circulation varied widely during the few years of issue, although all coins remain relatively available. This design is known as Draped Bust, Small Eagle and usually commands a high price due to the extremely low mintage at the time. 7th, 8th, and 13th stars are all equidistant from L, Y and bust, and are near. [21] In 1834, Edmund Roberts was selected as an American commercial representative to Asia, including the kingdoms of Muscat and Siam. Value of 1800 BB-186 Draped Bust Silver Dollar. Richard Ponterio Richard, with 45 years of experience, handles ancient and world coins as well as foreign banknotes. Both si Please keep that in mind. $1,350.00. Mint Mark: No mint mark Bullion deposits continued to decline, and in 1797, silver dollar production reached the lowest point since 1794 with a mintage of just 7,776 pieces. The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. [22] The pieces struck under the auspices of the Mint are known as Class I 1804 dollars, and eight of that type are known to exist today. 7th, 8th, and 13th stars are all equidistant from L, Y and bust, and are near. **When we say that 220,000, of these coins were produced or minted in 1800 this number doesn't always match the actual circulation count for this coin. 900fine, Jul 26, 2009 #8 + Quote Reply. Additional Info: Variations include wide date, dotted date, 12 arrows, and the standard 1800. All … An 1804 Draped Bust is the most desired silver dollar and has been studied extensively. Upon assuming his duties at the Mint on October 28, Boudinot was informed of the silver standard that had been used since the first official silver coins were struck. [25] In the volume, several coins from the Mint's coin cabinet, including an 1804 dollar, were reproduced by tracing a pantograph stylus over an electrotype of the coins. 119 1800 DRAPED BUST SILVER DOLLAR. 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