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 Replies: 23 / Views: 1,352 |
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Bedrock of the Community
United States
10873 Posts |
Mintage: 6, 2 known - 1801 Proof (last sold in 1989 for $82,500 highest price) Mintage: 10, 4 known - 1802 Proof (highest price 2008 for $920,000 - Proof(65) Cameo) Mintage: 10, 4 known - 1803 Proof (last sold in 2013 for $851,875 - Proof(66) highest price) Mintage: 8, 8 known - 1804 Type 1 Original struck c.1834 (highest price 2021 for $7,680,000 - Proof(68)) Mintage: Unique, 1 known - 1804 Type 2 Restrike with plain edge struck after 1857(Smithsonian Collection never offered for sale) Mintage: 7, 6 known - 1804 Type 3 Restrike with lettered edge struck after 1857 (last sold in 2009 for $2,300,000 - Proof(58) highest price) Note that the 1801-1803 proof draped bust dollars were struck using copied, not original dies, and are thus novodels. These new dies were produced at the Mint at a later date like the so-called "restrike" 1804 dollars which are also novodels, likely struck between 1858 and 1873.Christian Briggs is offering the following two coins and they are absolutely stunning. Coincidentally, I also need these two dates for my collection. I might have to settle for business strike examples. 1802 $1 Proof Draped Bust Dollar PCGS PR65+CAM
Mintage: 10, 4 known
Offered for: $2,985,000 Seller's remarks: The 1802 proof Draped Bust dollar is a coin that blends absolute rarity, intense historic interest, and incredible aesthetic appeal into one irresistible package. Unknown until 1876, the 1802 proof has been a sought-after issue since the time of its first appearance, but the coins have been the subject of much controversy, as well. Today the issue is viewed as a classic rarity, with a fascinating story that involves some of the most famous numismatic figures of the 19th century. In this lot, Heritage Auctions is privileged to offer the finest known example of the 1802 proof dollar, from a surviving population of only four coins. The 1802 proof dollar first appeared on the numismatic scene in 1876, in the possession of John W. Haseltine, one of the foremost coin dealers of the time. The coin was showcased as part of a complete set of 1801, 1802, and 1803 proofs and a Class III 1804 dollar. Haseltine exhibited the set to collectors at the sale of the Jewett Collection, held by coin dealer Edward Cogan. This could be construed as one of the first bourse-floor exhibits, a practice familiar to all collectors at modern coin conventions, but most unusual in the 19th century. Coin dealer Edouard Frossard left the following account of the event in the Coin Collector's Journal of March 1876: "At the time of the Jewett sale, and while awaiting the hour of business, we had the pleasure, in common with several collectors present, of inspecting four American dollars, dates 1801, 1802, 1803 and 1804. The first three named are not particularly rare dates, and are generally found in collections, but what gave them very great value in the eyes of all present, was their perfectly uncirculated, in fact, proof condition. It is pretty well known that in the early days of the Republic but few coins were placed in collections in this country, hence a very limited number of proofs were struck."1803 $1 Proof Draped Bust Dollar PCGS PR65+CAM
Mintage: 10, 4 known
Offered for: $2,985,000 Seller's remarks: The proof silver dollars of 1801-1803, known as novodels to present-day collectors, are among the rarest and most valuable issues in the U.S. federal coinage series. Closely associated with the famous 1804 dollar, these early proofs are even more elusive than that celebrated rarity. With a surviving population of just four examples, the 1803 proof Draped Bust dollar is actually twice as rare as the Class I 1804, which is represented by eight specimens in numismatic hands today. Because the 1804 was recognized as a rare issue at an early date, it has always had an advantage over its less-numerous 1801-1803 counterparts, which were unknown before 1876, and has historically sold for much higher prices. The gap has narrowed considerably in recent years however, as collectors have become more aware of the true rarity and outstanding eye appeal of these early proofs. While the 1803 proof claims the same total number of specimens extant as the 1802, the 1803 issue appears at auction less frequently Only 10 Minted! Rarer than the 1804 at a much better value! An incredible opportunity for the world class connoisseur!
Edited by numismatic student
10/11/2024 12:29 pm
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Bedrock of the Community
United States
54905 Posts |
Pretty cool!  If I was only rich.  Errers and Varietys.
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Bedrock of the Community
 United States
15754 Posts |
Excuse me while I step out for Powerball tickets....
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
6992 Posts |
Absolutely beautiful examples of early US coinage. |
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Bedrock of the Community
United States
10786 Posts |
 That's my head spinning.
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Pillar of the Community
United States
4629 Posts |
Wow! Amazing coins at even more amazing prices.
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Valued Member
United States
375 Posts |
Unreal.
These coins are treasures. Way out of my league. If you have the bucks go for it. Nice investment IMHO.
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Moderator
United States
157702 Posts |
Wow!  |
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Pillar of the Community
United States
2074 Posts |
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Moderator
United States
64158 Posts |
Pocket change! If only I had a huge desire to need these coins...
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Moderator
United States
157702 Posts |
Quote:
If only I had a huge desire to need these coins... If my desire were dollars I would have them all. 
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Bedrock of the Community
 United States
10873 Posts |
@College Barbers - Thanks for pointing this out. This was a careless statement that is, after checking, not true. I will revise the post to correct this. The 1801-1803 proofs are novodels, or made from copied dies made by the Mint later than the date on the coin. These are all thought to have been struck later. These aren't restrikes, as original dies were not used. Fresh dies were created for these strikings. It does make you wonder why the Mint created these wonderful dies to strike only 6-10 coins of each date. John Dannreuther wrote a great article in 2001 on the subject that only clarifies the confusion about when these coins were struck. https://www.pcgs.com/News/Thoughts-...-Dollars-AndEdited by numismatic student
10/11/2024 12:31 pm
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Pillar of the Community
 United States
4375 Posts |
The 1803 proof looks too good to be true to me.
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Pillar of the Community
United States
935 Posts |
These were definitely Novodels, which translates roughly to "new, but old". Most Novodels were struck in the late 1860s under Mint Director Linderman. These also included 1804 class II and class III dollars. I am fortunate enough to own a Novodel from this era, the 1863 w/L Proof Indian cent. |
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Bedrock of the Community
United States
10873 Posts |
@RedRaider, do you mean the proof 1864 w/L on Ribbon? I wasn't aware that there is an 1863 w/L. I am familiar with the proof 1864 w/L because I was trying to buy one a few years ago for north of $100k. I think this is a rare coin with fewer than 20 examples known. That would be awesome if you own one of these rare coins. Can we see some pictures?
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS My coin e-commerce website: https://fairfaxcoins.com |
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Pillar of the Community
United States
935 Posts |
@numismatic student: Here is the 1863 w/L Indian Head cent, PF64BN. (Judd-301) These were struck in the same timeframe as the 1864 w/L Proof restrikes in the late 1860s. These 1863 w/L are also known in aluminum, which was not available in 1863. Technically, this never met the definition of a Pattern Coin, and should not have a Judd number assigned. Any backdated strikes should not be considered patterns. I know of 8 examples of the J-301 and multiple are locked up in museums. So this is 3-4 times rarer than the 1864 w/L proof, but when available these sell for less.   |
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Replies: 23 / Views: 1,352 |
Posted 10/10/2024 11:12 pm
