The Class III 1804 silver dollar was from the estate of the prominent late collector D. Brent Pogue. It previously had been part of a dozen other significant collections, including those of the Garrett family and Johns Hopkins University in Baltimore. The buyer is Blake Duncan of Houston-based U.S. Coins, who bought the coin for a client who wishes to remain anonymous.
“The 1804 dollars are well-known for their rarity and historical significance among collectors as well as many non-collectors,” PCGS President Brett Charville remarked. “Even with virtually no bidders physically present on the auction floor and the sudden economic uncertainty – things nobody could have predicted just a few weeks earlier – the outstanding sale of this 1804 Draped Bust dollar unequivocally demonstrates that collectible coins graded by PCGS have perennial value, security, and liquidity.”
Adding to the uniqueness of the coin is that it was struck between 1859 and the 1870s, according to researchers, even though it is dated 1804. Also, there are only 15 known genuine 1804 U.S. dollars, and just six of them are Class III examples. One of the six is part of the National Numismatic Collection at the Smithsonian Institution in Washington, D.C.
The 1804 Draped Bust dollar first gained prominence after a handful of Class I examples was included in exclusive coin sets given to heads of state as diplomatic gifts on behalf of President Andrew Jackson during the 1830s.
Turn to page 56 of this issue to learn more about the outcome of the Stack’s Bowers March auction.
Denne historien er fra June - July 2020-utgaven av COINage Magazine.
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Denne historien er fra June - July 2020-utgaven av COINage Magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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What Are Semi-Numismatic Coins?
COINS WORTH MORE THAN THEIR WEIGHT IN GOLD
Charles C. Anderson, Sr.
NUMISMATIST OF THE CENTURY
COINS WITH MAGNIFICENT COLORS
GUIDE TO ORIGINAL TONING
John West Dannreuther
NUMISMATIST OF THE CENTURY
Today's News is Tomorrow's Coinage
COINS AS HISTORY IN YOUR HANDS
David Hall's Greatest Idea?
REGISTRY SET CONCEPT EXPANDS COLLECTING
Kagin, McCarthy SWEEP CONTEST
NUMISMATIC LITERARY GUILD TOP 2 BOOK PRIZES AWARDED
GOLD COINS IN DEMAND
FEVERISH BUYING AT $2,500 AN OUNCE
Stack's Bowers Appoints John Kraljevich as Director of Numismatic Americana
Stack's Bowers Galleries announced the appointment of John Kraljevich, COINage numismatist of the century, to the newly created position of director of numismatic Americana. Kraljevich, proprietor of John Kraljevich Americana since 2007, has been recognized time and again for his scholarship, expertise and leadership.
How the U.S. Dollar Began
THE SPANISH MILLED DOLLAR (8 REALES COIN) WAS THE BASIS FOR THE U.S. SILVER DOLLAR