Known as “The King of American Coins,” an 1804 United States Draped Bust dollar certified by Professional Coin Grading Service as PCGS PR55 sold for $1,440,000 by Stack’s Bowers Galleries on March 20, 2020.
The Class III 1804 silver dollar was from the estate of the prominent late collector D. Brent Pogue. It previously had been part of a dozen other significant collections, including those of the Garrett family and Johns Hopkins University in Baltimore. The buyer is Blake Duncan of Houston-based U.S. Coins, who bought the coin for a client who wishes to remain anonymous.
“The 1804 dollars are well-known for their rarity and historical significance among collectors as well as many non-collectors,” PCGS President Brett Charville remarked. “Even with virtually no bidders physically present on the auction floor and the sudden economic uncertainty – things nobody could have predicted just a few weeks earlier – the outstanding sale of this 1804 Draped Bust dollar unequivocally demonstrates that collectible coins graded by PCGS have perennial value, security, and liquidity.”