E-Sylum Feature Writer and
American Numismatic Biographies author Pete Smith submitted this
article on 1804 dollar stories published over the years. Thanks! Published long before any definitive research on the topic, most newspaper stories were an amusing mix of fact and fiction, and most of the coins discussed were likely fakes such as altered dates. But just because most of the coins were fake doesn't mean all of them were.
-Editor
1804 Dollar Stories
On August 20, 2025, I held in my hand an 1804 Dollar certified as PF-65. This is the sixteenth
known example of an 1804 Dollar. I looked in back issues of newspapers for previous reports of
examples found.
Richmond Independent Telegram, Saturday September 22, 1866.
"The 1804 dollar is the rarest of all dollars; only two of them are known in any collection."
The Fort Wayne Journal Gazette, Thursday September 26, 1878.
"John Maguire of Keil & Bro., is the possessor of a silver dollar dated 1804. There being only
four of these pieces in existence, the piece is considered valuable. John was offered one hundred
dollars for it yesterday. He says that one thousand dollars will buy it,"
Boston Evening Transcript, Tuesday September 2, 1879.
"Only six of 1804 dollars were struck off."
The Morning News, Tuesday November 20. 1883.
"George T. McComb of Lockport, N. Y., has an 1804 dollar, of which only eight specimens are
known to exist."
Chicago Tribune, Saturday February 1, 1890.
"A fact of greatest interest to numismatists is the finding of the missing 1804 silver dollar. Only
four silver disks of this date were ever put into circulation. A few days ago Dr. Edward Walther
walked into the Commercial National bank and produced the sought-for piece. He had found it in
the southern part of the state, where it had reposed, no one knows how long, in the stocking of a
Norwegian." [Found in 31 papers]
The Jersey City News, Wednesday January 3, 1894.
"The belief that only seven of the 1804 silver dollars were in existence has been an error, for the
eighth one has turned up. Rosenthal Brothers, dealers in old iron, had a debtor in Virginia from
whom they tried vainly for some time to collect a bill of $500. Recently the Virginian sent the
firm one of the much sought for 1804 dollars. He stated that he sent the coin in payment of his
bill, and if the Rosenthals could sell it for more than the total of the account they should keep the
balance. In explanation of how he came in possession of the dollar the Virginian wrote that he
had bought it for $30 from an old negro, who was ignorant of its rarity and value and in whose
family it had been for a long time. The Rosenthals took the dollar to the mint here and it was
pronounced genuine." [Variations of the story appeared in 36 papers]
This is now identified as the Class III Dreifus-Rosenthal Specimen, owned by the ANS since
1978.
The Muncie Morning News, Saturday May 12, 1894.
"Harriott, the jeweler, has an 1804 dollar. He has been offered $500 for the coin."
Vermont Phoenix, Friday December 17, 1897.
"A dispatch from Great Falls, Montana, says that the last missing coin of the United States dollar
issue of 1804 was brought to light a few days ago in Teton County. A bartender found it among
his receipts and showed it to a friend who knew its real value. There are only four dollar coins of
the 1804 issue, and the one found in Montana will bring $8000 to $10,000 if it proves to be
genuine,"
Falls City Daily News, December 31, 1897.
"N. D. Todd, superintendent of the Chicago & Atchinson bridge, has a dollar of 1804. There are
two others in existence, and they are said to be worth $2,000 each. [Found in four papers]
L. T. Altwein of St. Joe, owns one of the two 1804 dollars admitted to be genuine, paying $1,000
for it."
The Bunceton Eagle, Friday November 11, 1898.
"Christopher P. Gallagher, a Bangor grocer, recently discovered in his collection of old coins
what appears to be an American silver dollar of the coinage of 1804, said to be worth about
$1,100. Where or when he got it Mr. Gallagher does not know, but he's glad to have the old
dollar, and is now negotiating for its sale to a New York collector." ]This story appeared in 45
papers]
Middleton Daily Argus, Thursday December 8, 1898.
"John T. Robertson has an 1804 dollar. It was left to him by his wife's father, Joseph Hallett, who
died at Waverly."
The Seattle Star, February 18, 1901.
"O. S. Anthony, living near the West street power house has an 1804 dollar which he found
several days ago. It is said to be worth $1,100. In 1804, the United State mint at Philadelphia
burned, and very few of the dollars were issued that year."
The Beloit Daily Free Press, Tuesday August 11, 1901.
J. T. Deveux, a wealthy ice dealer of Chicago, has paid to J. A. Ryan, a Berkley saloon keeper,
$2.90 for a dollar coined in 1804. Deveux made a special trip to Norfolk, Va., to purchase the
coin, says the Chicago News. Ryan while digging the foundation for a house found the dollar.
[This story appeared in 14 papers]
Leader Telegram. Saturday August 10, 1907.
"S. Gelhaar, the furrier, has an 1804 dollar in a good state of preservation, considering that it is
over one hundred years old. Mr. Gelhaar has had his for eighteen years. Anyone can see it by
calling at his place, on Eau Claire street."
New York Tribune, Friday December 9, 1910.
"Two of the rare United States silver dollars of the 1804 issue turned up here today. They were
found by Miss Mabel Smith, executrix, among the property of the late John C. Comfort, a well-known patent attorney who died two weeks ago," [Variations of the story appeared is sixteen
papers]
The Rutland Daily Herald, Friday November 29, 1912.
"A fine specimen of the 1804 American dollar, one of the most valuable coins in existence, was
picked up by accident from a homesteader on the New Pacific coast lines of the Milwaukee road
in South Dakota by Frank N. Webster of this city. The coin is said to be the tenth existing
specimen known."
St. Louis Globe-Democrat, Saturday December 27, 1913.
"William Sullivan, a laborer, excavating on the site of the ice rink for the Yale hockey team
turned over with his shovel an old jar which rested on a bowlder 7 feet below the surface of the
street nearby. Under the bowlder was a silver snuffbox made in Nurenberg, green with oxidation
and in it a United States silver dollar, dated 1804, in good condition." [This story appeared in
177 papers]
The Barre Daily Times, Monday February 2, 1920.
"Only two 1804 silver dollars are known to exist. Anybody who finds a third can get a small
fortune for it."
The Plain Dealer, Sunday November 27, 1921.
"The long search for the "eighth 1804 dollar" is ended. For years seven of the eight coins of that
vintage known to be in existence have been located. The eighth is in Lancaster and is the
property of Martin Hettinger. It has reposed in an old bureau drawer for many years."
The Atlanta Journal, Sunday March 4, 1928.
"Mrs. Frank G. Adams, wife of the proprietor of a local movie theater, and ticket taker in the
same place, accepted a silver dollar Friday from an unidentified party as payment for a ticket.
She made change, tossed the dollar in the till and thought nothing of it. Friday night when she
checked up she noticed the dollar was made in 1804. It was such an unusual looking coin that
she wired a Fort Worth, Texas coin dealer for its value. Saturday she received a wire offer of
$1,250 for the dollar. Only four of the 1804 dollars were coined, it was understood. One was
recovered several years ago in Philadelphia.
The Tuscola Journal, Thursday August 24, 1933.
"Smith Hamil, a wholesale grocer in Keokuk, Iowa, has an 1804 silver dollar which is valued by
rare coin collectors at $2,500. It is estimated that there are only nine silver dollars of this date in
existence." [Found in three papers]
The Iola Register, Thursday July 12, 1934.
"Worn and hungry looking, a Kentucky mountaineer sought to exchange an old coin for currency
more readily negotiable. He wandered into the office of a Cincinnati coin collector, Thomas O.
Melish, yesterday. The numismatist felt sorry for him, gave him $2 for the coin, The Kentuckian
vanished. Only then, said Melish, did he examine the coin closely. It was an 1804 dollar. Only 13
are known to exist." [Found in 109 papers]
The Des Moines Register issue of Sunday, November 7. 1937, had a large photo of Albert Keppel
holding his 1804 dollar between thumb and forefinger. He had obtained the coin from a tenant
for $375 in settlement of a debt.
Los Angeles Evening Citizen News for Tuesday July 7, 1942, had a long story of an 1804 dollar
owned by C. E. Gilhausen.
"Gilhousen, 73, obtained the silver dollar he has for sale from a coin collector in the East, a past
president of the American Numismatics assn., with whom he has been dealing for over 50
years."
The Solano-Napa News Chronicle, Tuesday May 24, 1949.
"The attorney for the estate said today he will try to determine whether a silver dollar found in
the effects of the late Wilbur E, Brooks is of genuine 1804 coinage."
* * * * * * *
The Boston Evening Transcript for Monday June 8, 1868, had a story about the 1804 dollars.
"About the year 1835, a present of value having been received by our government from the
Imaun of Muscat, and they wishing to make to him a suitable acknowledgement, ordered a set of
coins to be made for the purpose. The dies of the 1804 dollar being then in the mint were used
upon the coins of this denomination, of which it is supposed several were sent."
Thus, the basic story of the 1804 dollars was known by some as early as 1867 but did not
become common knowledge for nearly a century.
* * * * * * *
These examples represent hundreds of appearances in newspapers. I suspect there are many
similar examples in other papers. Only the Rosenthal coin is now recognized as authentic.
The stories illustrate the evolution of the number of pieces known and the misinformation that
informed collectors in the past.
So where are all of the fake 1804 dollars today? Melted down for silver content? Held in reference collections? Owned by reclusive collectors insisting that they're real? We've documented all the real ones we've found. What about the fake ones? Anyone have one of these?
-Editor
To read the earlier E-Sylum articles, see:
JULIUS DREIFUS AND THE 1804 DOLLAR
(https://www.coinbooks.org/v23/esylum_v23n52a16.html)
STACKS BOWERS: UNPUBLISHED 1804 DOLLAR
(https://www.coinbooks.org/v28/esylum_v28n33a09.html)
Wayne Homren, Editor
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