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The Draped Bust dollar is a United States dollar coin minted from 1795 to 1803, and was reproduced, dated 1804, into the 1850s. The design succeeded the Flowing Hair dollar, which began mintage in 1794 and was the first silver dollar struck by the United States Mint.
Those coins, which became known as "Class II" 1804 dollars, had plain, unlettered edges, as opposed to standard issue Draped Bust dollars and those struck as diplomatic gifts, all of which had edge lettering applied by the Castaing machine. [39]
The Greatest 100 U.S. Coins selected the 1804 silver dollar as the number one coin. It bears a heraldic eagle on the reverse and the price is prohibitive. Eight were minted in 1834 (Class I) and the rest minted about 1858 (Class II) [5] The 1802 half dime ranks number 61. Only 3,000 were minted and the vast majority of these were either lost ...
The coin that held the record until it was obliterated by the 1794 “Flowing Hair” silver dollar was an especially rare and pristine example of the 1804 Draped Bust silver dollar.
Why it’s rare: Only five were ever made and never officially released. How to check: Look for a Liberty Head nickel dated 1913 with no mint mark. 2. 1804 Draped Bust Silver Dollar – $7.68 Million
There are also two reverse designs used for the Draped Bust variety: small eagle (1795–1798) and heraldic eagle (1798–1804). Original silver dollars from this period are highly prized by coin collectors and are exceptionally valuable, and range from fairly common to incredibly rare.