A legendary 1804 Draped Bust Dollar just shattered expectations at Heritage Auctions, selling for $3.538 million during their January FUN Signature event in Orlando. Known as the Adams-Carter specimen, this Class III rarity drew fierce bidding from top collectors worldwide. The sale highlights the enduring allure of early American coins amid a booming numismatic market.
The Coin’s Storied Past
Struck decades after its date, the 1804 dollar emerged as a diplomatic gift coin, with only 16 known examples across three classes. Class III pieces like this one feature a cracked die, making them exceptionally scarce at R.7 rarity levels. The Adams-Carter coin traces back to the 1880s, passing through hands of pioneers like the Chapman brothers before resurfacing in 2009 for $2.3 million.
Auction Frenzy Unfolds
Heritage’s January 14-17 sale exploded past $63 million total, fueled by record prices across denominations. Executive VP Todd Imhof called it the strongest per-lot performance ever, with bidders pushing premiums far beyond estimates. Online and floor competition created a perfect storm for this crown jewel.
Graded PR58 Perfection
PCGS graded this beauty PR58, showcasing deep mirrors and bold strikes typical of restrikes from the 1850s Philadelphia Mint. Subtle toning adds to its appeal without detracting from luster. Compared to museum-held siblings, it ranks among elite survivors.
Record-Breaking Companions
| Coin Type | Sale Price | Notes |
|---|---|---|
| 1804 Class III Dollar | $3,538,000 | Adams-Carter, PR58 PCGS |
| 1880 Coiled Hair Stella | $1,464,000 | New record for pattern |
| 1867 Liberty Double Eagle | $793,000 | MS condition standout |
| 1854-S Liberty Quarter Eagle | $561,200 | Rarity-driven hammer |
| 1795 Heraldic Eagle Half | $207,400 | Ellsworth Collection record |
| 1793 Liberty Cap Cent | $134,200 | VG8 from early cents haul |
Why 1804 Dollars Captivate
These “King of Coins” embody American numismatics’ golden myths, blending mint errors, secrecy, and celebrity ownership. Sultan of Muscat and King of Siam specimens top pedigrees, but Class IIIs offer attainable prestige for deep-pocketed enthusiasts. Market strength reflects investor flight to tangibles amid economic shifts.
Heritage’s Winning Strategy
Hosting at the FUN show amplified visibility, drawing 5,000 attendees and global proxies. Heritage’s expert cataloging and live streaming kept momentum high. Post-sale, the coin joins private ranks, likely sparking future blockbuster resales.
Future for Rare Coin Hunters
Values climb as supplies dwindle; expect more six-figure hauls in 2026 auctions. Novices should start small via local clubs, while pros eye PCGS Population Reports for chase lists. Digital certificates now track ownership seamlessly.
FAQs
Q1: What makes 1804 dollars rare?
Only 16 known, mostly restrikes with unique dies.
Q2: Who bought the Adams-Carter coin?
Anonymous high bidder at Heritage FUN sale.
Q3: Is the market still hot?
Yes, $63M+ totals signal peak demand.
Disclaimer
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