A legendary 1804 Bust dollar graded NGC PF62 will highlight The Queller Family Collection of United States Silver Dollars, 1794-1935, when that collection is sold on April 16-19, 2008 by Heritage Auction Galleries. The auction will be held in Rosemont, Illinois in conjunction with the Central States Numismatic Society Convention.

One of the most famous coins ever struck is considered a part of the Draped Bust series—the 1804 dollar. While the Mint struck 19,570 dollars in 1804, all were produced from leftover dies dated 1802 and 1803, and no dollars were struck with the date 1804. However, thirty years later, when several presentation sets of U.S. coins were needed for diplomatic gifts, the Draped Bust design was resurrected and dated 1804, as that was the last year the dollar coins had been struck. These were the so-called “original” or Class I 1804 dollars, of which just eight are known, and three reside permanently in museum collections. NGC has graded four of the five examples available to collectors. The Class II and Class III 1804 “restrikes” were produced in the late 1850s for prominent collectors of the day. Only 15 specimens are known of all three types. Read Full Story

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