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1804 Dollar--Why All The Fuss?

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jpsned's Avatar
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 Posted 08/14/2018  8:18 pm Show Profile   Bookmark this topic Add jpsned to your friends list Get a Link to this Message Number of Subscribers
I was wondering why the 1804 dollar became known as the "king" of American coins. It wasn't even msde in 1804, and was manufactured simply to fill up a few proof sets and as give-aways to VIPs.

So where did this amazing reputation come from?
Rest in Peace
moxking's Avatar
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 Posted 08/14/2018  8:33 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
It's always been a price leader with full respect from the collecting fraternity and a fascinating history.
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Onedollarbillnut's Avatar
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 Posted 08/14/2018  9:03 pm  Show Profile   Bookmark this reply Add Onedollarbillnut to your friends list Get a Link to this Reply
The rarest coins in the US were made with a shadowy past. The 1894S Barber dime, 1913 Liberty nickel, 1933 St. Gaudens double eagle
Tim Hughes
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 Posted 08/14/2018  9:18 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
So where did this amazing reputation come from?


Rarity, high cost of acquisition.

Not to mention the fact that bigger coins especially silver dollar sized are always the most popular
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 Posted 08/16/2018  05:19 am  Show Profile   Bookmark this reply Add Kushanshah to your friends list Get a Link to this Reply
Whatever one thinks of the 1804 dollars, the 'King of Siam' proof set would make a nifty display on my desk!
1804-Dollar--Why-All-The-Fuss?
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 Posted 08/16/2018  08:01 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
So where did this amazing reputation come from?

Remember popularity makes things worth more than rarity. As long as people keep mentioning the 1904 dollar, the more it becomes what you say it is.
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Conder101's Avatar
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 Posted 08/16/2018  09:29 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Whatever one thinks of the 1804 dollars, the 'King of Siam' proof set would make a nifty display on my desk!

Except it doen't look like that anymore.

As to how it got it's reputation, simple it was very rare and many fanciful stories rose up around it to try and explain it's rarity. The stories, rarity and speculation raised interest. The story about them being made for diplomatic presentaion was one of them but not widely considered valid until the nearly intact King of Siam set showed up in 1962 with a possible ownership pedigree that took it almost all the way back to the time of presentation.
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SilverDollar2017's Avatar
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 Posted 08/16/2018  09:41 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply

Quote:
Whatever one thinks of the 1804 dollars, the 'King of Siam' proof set would make a nifty display on my desk!


The set has been broken up and slabbed, doesn't look like the pic anymore.
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 Posted 08/16/2018  09:48 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:

The set has been broken up and slabbed, doesn't look like the pic anymore.


Slabbed yes, but I believe the set is still together in the Tyrant collection
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 Posted 08/16/2018  4:40 pm  Show Profile   Bookmark this reply Add Kushanshah to your friends list Get a Link to this Reply
If I owned the set, the coins would would be out of the TPG holders and back in the original case where they belong faster than you can hum "If I Had A Hammer"!
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Conder101's Avatar
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 Posted 08/17/2018  12:00 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I feel the same way, if I won the lottery that would be on my bucket list. Restore the KOS.
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