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SILVER DOLLAR 1798-1804 Draped Bust, Heraldic Eagle

Front - SILVER DOLLAR 1798-1804 Draped Bust, Heraldic Eagle Back - SILVER DOLLAR 1798-1804 Draped Bust, Heraldic Eagle

Description

While there were no proof coins minted in this design era, some restrikes were produced and dated 1804. Proof restrikes can be found in dates 1801,1802 and 1803. An interesting feature worthy of note is the standardization of stars to seven left and six right. The only exception is a scarce variety of 1799 with eight left and five right. The reverse is similar to that used on the dime of the year and is adapted from the Great Seal of the United State.

Examples of this motif were minted from 1798 through 1803 with only restrike pieces dated 1804. Among business strikes, examples most often encountered are apt to be dated 1798 or 1799. Those dated 1800 are scarcer, while those dated from 1801 through 1803 are considerably scarcer although they are not rarities. Grades found usually range from Very Good through Very Fine.

Extremely Fine coins are fairly scarce, while AU pieces are scarcer yet. Strictly Uncirculated coins are great rarities. In keeping with other early silver issues, pieces often display mint-caused planchet or adjustment marks and areas of light striking.

Valuation

It appears an attempt to create a coin for the collector was made. However, simply restriking a coin does not produce the Proof quality that results from the true Proof production.
COIN NAME
SILVER DOLLAR 1798-1804 Draped Bust, Heraldic Eagle
DESIGNED BY
Robert Scot
ISSUE DATE
1798-1804
COMPOSITION
0.8924 part silver, 0.1076 part copper
DIAMETER
39 to 40 mm
WEIGHT
416 grains
EDGE
Lettered HUNDRED CENTS ONE DOLLAR 01 UNIT
BUS MINT
1,153,709 (includes a limited number of 1798 dollars with the earlier Small Eagle reverse)
PROOF MINT
None originally; some restrikes

The statements made on this website are opinions only. Past results are no guarantee of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Lear is a retail seller of precious metals and its buyback (or bid) prices are lower than its sell (or ask) prices. Metals must appreciate enough to account for this difference in order for customer to make a profit when liquidating the metals. Lear does not provide financial advice or retirement planning services. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.