The 1804 Draped Bust Dollar: The King of American Coin
The 1804 Draped Bust Dollar is often considered the “King of American Coins,” and for good reason. Despite being one of the most sought-after and famous coins in U.S. history, it was never actually minted in 1804.
The coin was created years later, around 1834, as part of a diplomatic gift set meant to showcase the United States' coinage to foreign dignitaries.
Initially, the U.S. Mint had no plans to mint dollars in 1804, but due to international diplomacy and the necessity of impressing royalty, a small batch of these coins was struck in the 1830s.
Only a handful of 1804 Draped Bust Dollars were created, making them extraordinarily rare and valuable. Today, only 15 known examples of this coin remain, with a few locked away in private collections and museums.
The coin’s design features a portrait of Liberty wearing a draped bust, facing left, on the obverse. The reverse depicts an eagle surrounded by a wreath, which adds to the coin’s timeless aesthetic.
his design, created by artist Robert Scot, is considered one of the most iconic in American numismatics. The 1804 Draped Bust Dollar’s rarity and backstory make it a fascinating subject of study for numismatists and collectors.
The fact that it wasn’t officially struck in 1804, but rather in the 1830s, adds a layer of mystery and intrigue to its history, further elevating its status.
Notably, these coins were never meant for general circulation, which accounts for their rarity today. Instead, they were specially commissioned as diplomatic gifts.