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1804 Liberty Silver Dollar

The 1804 Liberty silver dollar, often called the "King of American Coins," is one of the rarest and most coveted coins in U.S. history. Despite bearing the date 1804, it was actually minted in 1834 as part of diplomatic gifts during Andrew Jackson's presidency. With only 15 known specimens, its historical significance and rarity have made it one of the most valuable coins in the world, with one selling for $7.86 million in 2021.

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Lloyd'sANA MemberPCGSNGCBBB Accredited

Historical context

The 1804 Liberty silver dollar was commissioned in 1834 as part of diplomatic gifts to foreign dignitaries such as the Sultan of Muscat and the King of Siam. These coins were specially struck by the U.S. Mint at the request of President Andrew Jackson after diplomat Edmund Roberts reported that the gifts given to foreign rulers were inadequate. The coins were backdated to 1804, aligning with a year that many believed had seen regular minting of silver dollars, even though none were actually struck that year.

Specifications
Size 39–40 millimeters
Denomination 1 USD
Gross Weight ~26.96 grams
Actual Silver Weight 0.7735 troy ounces of silver
Fineness/Composition 90% silver, 10% copper
Diameter 39–40 millimeters
Thickness ~2.5 millimeters
Specific Gravity ~10.3
Numismatic Price Range $1800000 - $10000000

Coin description

The obverse of the 1804 Liberty silver dollar features a portrait of Liberty, along with the inscription "LIBERTY" and the date 1804. The reverse depicts a heraldic eagle clutching arrows and an olive branch, symbolizing strength and peace. Above the eagle, 13 stars represent the original 13 American colonies. The coin’s intricate design and the historic nature of its minting make it a masterpiece of numismatic artistry.

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Cultural and
numismatic significance

The 1804 Liberty silver dollar holds an almost mythical status in the world of numismatics due to its extreme rarity, unique production history, and association with U.S. diplomacy. Its reputation as the "King of Coins" has persisted for more than two centuries, and its value continues to rise as collectors and historians alike seek this elusive treasure. The coin has fascinated numismatists since its rediscovery in the 19th century and remains a symbol of American coinage prestige.

Numismatic value

The value of the 1804 Liberty silver dollar can vary depending on its class (I, II, or III) and condition. The most valuable examples are from Class I, with the finest known specimen selling for $7.86 million in 2021. The value for Class II restrikes can exceed $10 million, while Class III restrikes are valued between $1.8 million and $2.45 million.

Frequently Asked Questions

At Coinfully, we pride ourselves on transparency. Our appraisals are based on the current market value of your dimes, including their silver content (for pre-1965 dimes) and their numismatic value. We provide a detailed breakdown of how we determine your offer so that you can be fully informed and confident in the price you receive.

Yes, we provide full insurance coverage for your shipment. Whether you’re sending Draped Bust dimes, Mercury dimes, or Roosevelt dimes, your coins are insured throughout the entire shipping process, ensuring that your valuable items are protected and safe.

We buy all types of U.S. dimes, including Draped Bust, Liberty Seated, Barber, Mercury, and Roosevelt dimes, and other collectible dimes. Whether your dimes are valuable for their silver content or their collectibility, we’re interested in making you a competitive offer.

There’s no obligation to sell your dimes after receiving an appraisal from Coinfully. We provide a free, no-pressure appraisal service to help you understand the value of your coins. You can choose to sell when you’re ready, with no pressure from us.

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