The First Art Newspaper on the Net   Established in 1996 Saturday, December 5, 2020


Million dollar Baltimore coin set for auction
A rare 1804 silver dollar. Estimate: $1.2 - $1.5 million.



SANTA ANA, CA.- A rare 1804 silver dollar, the most famous prize in coin collecting, will be sold in Baltimore on March 20, at an auction conducted by Stack’s Bowers Galleries of Santa Ana, California. One of just 15 known to exist, the auction house expects the coin to bring between $1.2 and $1.5 million. When it was auctioned on behalf of Johns Hopkins University in 1980, it became the most valuable silver coin in the world. It was acquired by JHU by bequest from the Garrett Family, who first bought the coin in 1883.

Though dated 1804, the Garrett specimen of this renowned rarity was struck in secret at the Philadelphia Mint sometime between the 1850s and early 1870s, as coin collectors realized how rare 1804-dated silver dollars were and the U.S. Mint sought to cash in. The original 1804 dollars were struck in 1834, intended as diplomatic gifts to Asian monarchs, produced as part of special presentation sets of American coins. Due to a misunderstanding of mint records, which indicated that the last silver dollars were struck in 1804, American government officials produced new silver dollars with the 1804 date. The last silver dollars before 1834 were coined in 1804 but bore the date 1803.

As American coin collectors realized how rare 1804-dated silver dollars were, they became legendary trophies in the world of numismatics, setting new price records at each auction. T. Harrison Garrett, the Baltimore railroad magnate who was one of the leading coin collectors in America before his death in 1888, acquired the coin in a Philadelphia auction in 1883. The Garrett Collection was given to JHU in 1942, then sold in a series of auctions from 1976 to 1981 by the predecessor firms of Stack’s Bowers Galleries.

“The 1804 dollar is known as the King of American Coins for good reason,” said Brian Kendrella, president of Stack’s Bowers Galleries. “We’ve been fortunate to sell nearly every privately-owned specimen since our firm’s founding in 1935. Every time one crosses the auction block it makes for a headline-grabbing event.”










Today's News

February 25, 2020

Barry Art Museum opens an exhibition of work of abstract painter Joan Thorne

Nationalmuseum acquires a work by Artemisia Gentileschi

Getty Museum opens 'Michelangelo: Mind of The Master'

The Momentary, designed by Chicago-based Wheeler Kearns Architects, opens in Bentonville

Centraal Museum Utrecht presents 'The Tears of Eros: Moesman, Surrealism and the Sexes'

Rick Springfield auctioning personal guitar collection for Australian fire relief

The Barnes Foundation opens 'Marie Cuttoli: The Modern Thread from Miró to Man Ray'

First U.S. survey of Forensic Architecture's work opens in Miami

Million dollar Baltimore coin set for auction

Rubik's Cube Mona Lisa fetches 480,000 euros at Paris auction

Paris braces for tourism hit as virus keeps Chinese at home

Hundreds of orchestral arrangements owned by Judy Garland to be auctioned

Is this the best opera singer you've (probably) never heard of?

Bonnie MacLean, psychedelic poster artist, is dead at 80

CHAT announces the appointment of Takahashi Mizuki as Executive Director and Chief Curator

apexart opens an exhibition of textile-based installations

Exhibition explores the politics of space and place

Rhode Island School of Design presents an exhibition by American artist Martin Mull

Litvinenko murder has hallmarks of an opera: composer

Vancouver Art Gallery receives $1.5 million gift for new building

Pride & Prejudice brings $100k in Sale of Fine Books & Manuscripts at Swann

The Pont Neuf Wrapped (Project For Paris) highlights Bonhams Post-War & Contemporary Art Sale

Galleries at the Historic Thomas Center open RBL GRL / Revolution Doesn't Ask Permission

miart, organized by Fiera Milano announces the first edition of the INNSiDE Prize

Best Sand and Dust Filter for Pool:

Ancient Resource Auctions' Spring Antiquities Sale has authentic antiquities and ethnographic art





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