I think that there's something like 15 of them that are known to exist and they sell for millions of dollars when they are offered for sale. The most famous of the "original" pieces which were actually struck in 1834 had a connection with Siam, and Iran. Scott A. Travers of New York City, a nationally known coin dealer, author and consumer advocate, pondered the price disparity as the Childs Sale approached, then offered some observations on the subject. You need to be a member in order to leave a comment. Most of them are silver-colored (although probably not made of real silver), and a few of them are made of copper. Who knows?" The acclaimed "expert" is clearly not an expert at all (if this is a true story, which I doubt that it is). Any "coin expert" would know that this coin is a complete fake. Try sticking a magnet to it, silver is not magnetic and I'm betting this coin is made of some sort of base metal. Unum. The $3,877,500 paid for the 1804 silver dollar includes a 17.5 percent buyer's premium. It might be wise  to look a bit closer before attacking someone who did nothing wrong. Since the coin was produced from 90% Silver and 10% Copper, an improper mixing of the composition when the planchet stock was produced, can account for Copper showing on the edge., or (3.) This coin was produced as a counterfeit to do what it has done already, to fool someone who is not knowledgable enough to know the difference. The 1804 silver dollar coin is often called the King of American Coins, but why is the 1804 dollar coin worth so much and why was it made? Here is a photo of a real 1795 Draped Bust Dollar that has been graded and authenticated by a professional grading service ( PCGS). Additional featured highlights from the auction include a boldly struck 1795 BD-5 Draped Bust Eagle , one of just a handful of mint states remaining and the finest at that, sold for $675,625. A genuine silver dollar dated between 1798 and 1804 weighs 26.9 grams. The date is too big, and the design devices are too small on the item you posted. I would start here. They then used that hub to create a LOT of undated dies that they punched dates from 1795 to 1804 into and used those dies to make fake … I am just saying that I don't know where it came from and how!! The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. The piece you posted in your photo only resembles the real thing. Again, your 1804 dated dollar is not real. First, the new fake represents a first-time use of the particular date and mint mark combination. The problem is that some people are grinding the motto off regular coins and passing them off as real — and it may be at YOUR expense! The 1804 dollars have a long history of being accepted as legal to own. At first glance, this coin will fool all but the specialist, but after closer examination faults become more apparent. Having the same minted year will help with minor differences that may occur between each strike. For Sale: Rolls Of 90% And 40% Silver For Sale: 10x Z5 5 Oz ATB Bullion Air-Tites - $18 Delivered Best Offer: AU55 Shield Nickel 1868 FS-903 ANACS Certified For Sale: 1898 Indian Head Cent MPD-001 For Sale For Sale: 50 Lbs World Coinage And/Or 500 Large Canadian Cents - Vancouver Bc For Sale: Lincoln D Shield Cents Doubled Ear - Years 2015,16,18 And 19 For Sale: Silver World War 2 … pls say me it is real or fake. This makes it easy to spot a fake as any wear at all would be an obvious tell that it is a fake coin. I asked him about the story behind that coin, and he told me that his entire US coins were a gift from an old Armenian lady in his neighbourhood who claimed that it is a heritage of his father's father who was a christen priest of Iranian origin living in Western Iran, he decided to move to US about 150 years ago and came back to Iran after years of struggle finding happiness in America. Any future offerings of 1804 dollars are something I would run from. Therefore, once again, it cannot be real because it was never made. It was given to me for free as a novelty item. The location of all of the 15 known 1804 silver dollars are known. I guess I should apologize??? So my initial guess is that it won't be worth $1, and that no effort expended on it is worth your time. I asked my friend to take pictures of it so that we could find out the true value of this coin. After which I found this article: https://en.wikipedia.org/wiki/1804_silver_dollar. A friend of mine, who is an amateur coin collector, have a small collection of US coins. Just a souvenir or conversation piece. To help illustrate the differences, I have attached a fake coin (upper image) and a genuine one (lower image) here from PCGS. There are all levels of counterfeiting - from the very obvious (as in this case) to the very convincing that even trained experts would have difficulty with. The 1804 is considered the "King" of silver dollars, and is rarely seen for sale at any market. Scroll up and compare your pictures to the example of the 1802 dollar that was posted earlier in this thread. Other hand fake, unfortunately auctioned at a decent-quality counterfeit 1795 Draped Bust &... Morgan dollar gifts during Edmund Roberts ' trips to Siam and Muscat where it came and. Two years before we look at the rev yet at any market one that happen to be a in! Or petty name calling in time two years before we look at the top and spots. 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