MONSTER............... 1803 gem proof cameo bust dollar

[michael]

check this bad boy out

 

 

http://www.coinace.com/detail.aspx?ID=792

[michael]

 

 

 

 

1803 $1 Draped Bust PR66 CAMEO PCGS B-7. BB-303. R.7.

 

 

WOW, WOW, WOW INCREDIBLE may not big enough words to describe this coin.

 

This coin is so deeply mirrored in the feilds and the deep cameo is just dripping off every high point that you might think it is a Proof Silver Eagle minted just yesterday.

 

The Proof Restrike, or “Novodel,” dollars have supplied near-endless material for numismatic debate over countless years. In the early days of numismatics (pre-1870) it was not deemed illegal, or even a second thought given, to producing coins for the Mint collection, for certain collectors, or for so-called cabinet purposes. This practice had been commonplace with many of the great European mints for many years. In later years, particularly the 1870’s and 1880’s, various mint employees produced numerous restrikes and special pieces for profit.

 

Q. David Bowers, in his definitive work on United States silver Dollars, Silver Dollars and Trade Dollars: A Complete Encyclopedia, outlines a complete history of the novodel dollars of 1801-1804 beginning with the year 1831. It was between that year and 1837 that the Class I 1804 dollars were produced. A striking connection between the 1803 Proof dollar and the Class I 1804 dollar is that the same reverse die was used to produce both issues. To summarize Bowers findings, He dates the Class I 1804 dollars from 1831-37, the class II 1804 circa 1858, and theorizes that the 1801, 1802, and 1803 were produced in the early 1870’s. Others hold a differing opinion.

 

A fantastic cameo example, this Gem from the famous Knoxville Collection features fully frosted central devices within deeply mirrored fields. The strike is absolutely full with wonderful lilac toning and blue peripheral highlights. This is the finest of the known examples and because of the tremendous strike, gorgeous toning, and amazing cameo has often been called one of the most appealing United States coins in existence.

 

John W. Haseltine, a noted numismatist of the day, was the first to report the early Proof dollars in 1876. Haseltine was known to have acquired numerous exotic treasures from the U.S. Mint and he actually sold an 1801 at auction in 1877.

 

In past years various authorities, such as Eric P. Newman and Stack’s thought that 10 to 12 of each date might have been struck. This obviously is not the case as only four pieces of the 1803 Proof are known to exist and this is the finest of the four known coins. This example, besides being Proof 66 Cameo PCGS, has superb toning and among the finest eye-appeal of any United States coin you will ever see.

 

Comparison with other great numismatic treasures will give an idea of the amazing potential of this coin:

 

1. The Watters-Childs Specimen of the Class I 1804 dollar PR-68, sold on August 30, 1999 for $4.14 million! Eight pieces of the Class I are known and 15 pieces overall. Today it is suspected that the coin might fetch as much as $8+ Million.

 

2. 1913 Liberty Nickel, 5 Pieces known, one of which has sold for over $4,000,000 in 2005. Also made clandestinely in the mint in 1913 and spirited out by a mint employee.

 

3. 1885 Trade Dollar, 5 pieces struck. The PR-65 example sold in in 2006 for a fantastic price of $3,300,000.

 

4. 1907 $20 Ultra-High Relief Saint PF-69 sold privately for over $3.2 million in 2006.

 

As can be readily seen, the 1803 Proof dollar is definitely in a class with the greatest American numismatic treasures as it is rarer than all three of the issues listed above, but the price on today’s market is a step below these pieces. This is destined to change as these amazing dollars continue to appreciate in value which represents a once in a lifetime opportunity for the astute collector/investor.

 

$1,550,000.00

[HaydenTubbs]

Holy cow pies!

[Tradedollarnut]

As can be readily seen, the 1803 Proof dollar is definitely in a class with the greatest American numismatic treasures as it is rarer than all three of the issues listed above, but the price on today’s market is a step below these pieces. This is destined to change as these amazing dollars continue to appreciate in value which represents a once in a lifetime opportunity for the astute collector/investor.

 

Once in a lifetime? Jack Lee's PF66 failed to sell last year with a reserve of half this coin's asking price.

[gmarguli]

As can be readily seen, the 1803 Proof dollar is definitely in a class with the greatest American numismatic treasures as it is rarer than all three of the issues listed above, but the price on today’s market is a step below these pieces. This is destined to change as these amazing dollars continue to appreciate in value which represents a once in a lifetime opportunity for the astute collector/investor.

 

Once in a lifetime? Jack Lee's PF66 failed to sell last year with a reserve of half this coin's asking price.

 

Well, you just have to define lifetime.

 

I remember when a pair of them (1801 & 1802, I believe) were listed on eBay several times. I think both were PF65 with one an NGC and the other a PCGS. They failed to sell and their asking prices were a fraction of this. Of course, that was 6-8 years ago.

[crazyboutcoins-migration]

Why would people ignore this monster but clamor for a 1804 with a higher pop? All were made after the minted date. This one (according to the ad) is rarer and definitely better looking than any 04's. Must be all the publicity on the 1804's. This one is STUNNING!!!

Wish I had a couple of million lying around.

[gmarguli]

Without a doubt it is the publicity of the 1804. Same for the S-VDB 1c. Everyone seems to want one even though it isn't a rare coin or the key to the series in higher condition.

[Bruceswar]

WOW thats a super monster

[McKinley-migration]

holy moly

[Tradedollarnut]

Without a doubt it is the publicity of the 1804. Same for the S-VDB 1c. Everyone seems to want one even though it isn't a rare coin or the key to the series in higher condition.

 

Don't forget that there are no circulation strike 1804 dollars. For the other dates 1801-1803, there are numerous coins available in circulated and uncirculated condition.

[CTcollector]

Why would people ignore this monster but clamor for a 1804 with a higher pop? All were made after the minted date. This one (according to the ad) is rarer and definitely better looking than any 04's. Must be all the publicity on the 1804's. This one is STUNNING!!!

Wish I had a couple of million lying around.

 

Its a matter of perspective. The coin you are referring to has been processed and has a very, very speculative price tag. Once a coin goes commercial, its personally hard for me to get excited about it. I always find myself wondering, what did that coin look like before it was dipped and what will it look like in 5 years once the "conservation effect" begins to dull. Nice date and coin - but the commercial look is just not for me. All the adjectives in the world would not be able to change that.

[SampledCarton-migration]

ha ha , all i know , is that if i had over a million dollars to spend,, i would work on getting a house first.

 

but wow, that is one beautiful coin.

[James_OldeTowne]

Oh that's nothing. You want deep cameo contrast on a proof Bust dollar? Check out THIS bad boy!

 

 

James

[TomB]

Why would people ignore this monster but clamor for a 1804 with a higher pop? All were made after the minted date. This one (according to the ad) is rarer and definitely better looking than any 04's. Must be all the publicity on the 1804's. This one is STUNNING!!!

 

TDN has given you very good reasons for the 1804 being a more sought after piece. Also, since these were minted in the 1870s they were made approximately 30-40 years after the 1804 dollars, with likely better equipment and planchets and with better storage. Therefore, the extant pieces are probably nicer. Lastly, these are even less legitimate in terms of being legal tender than the 1804 dollar is and that likely holds back their prices, too.