On September 1, Stack's Bowers conducted a Rarities Night session in California as part of this firm's post-ANA World's Fair of Money® auction extravaganza.
Entire books have been written about this historic rarity, one of the most legendary U.S. coins. 1804 Silver Dollars were first minted in 1834 for special diplomatic proof coin sets. Only eight are known to exist from the first strike with the first reverse die. Seven were minted in the late 1850s from the second strike with the second reverse die.
The coin earned its name by repurposing the Draped Bust Dollar designs that were last used in 1803 to strike "1804" dated coins. The obverse depicts a draped bust of Liberty facing right, flanked by 13 stars, with long hair bound by a ribbon.
Obverse Description
The obverse depicts a draped bust of Liberty facing right, flanked by 13 stars, with long hair bound by a ribbon.
Reverse Description
The reverse features a heraldic design showing an eagle with raised wings, bearing a United States shield upon its breast and holding a scroll inscribed with “E PLURIBUS UNUM.”
The eagle carries 13 arrows in its right talon and an olive branch in its left under clouds and 13 stars. The inscription “UNITED STATES OF AMERICA” encircles the coin.
Source: US Mint
Catalog Information
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Subject: I would like to contribute catalog info to CDN for (2026) G$1 Gold Bust Dollar, 250th Anniversary Privy SP
Body: Referring page: http://www.greysheet.com/prices/item/1804-2026-one-dollar-draped-bust-design-best-of-the-mint-gold-coin/gsid/394991 GSID: 394991 Title: (2026) G$1 Gold Bust Dollar, 250th Anniversary Privy SP
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Greysheet News
Commissioners reviewed reverse designs for the four American Innovation dollars scheduled to be released in 2028 and obverse and reverse designs for the 2027 issues in the Comic Art Coin and Medal Program.
The rare coin market so far in 2026 has been somewhat volatile, with greater price swings happening over a shorter period of time when compared to historical norms.





