The T. Harrison Garrett example of Class III 1804 Draped Bust silver dollar will be offered during Stack’s Bowers Galleries’ Aug. 8 Rarities Night Auction in Rosemont, Ill.
The auction is being held in conjunction with the American Numismatic Association World’s Fair of Money.
The coin is graded and encapsulated Proof 55 by Numismatic Guaranty Corp.
It is one of 15 1804 dollars known in three classes, and none was struck in 1804.
The Garrett example, according to Stack’s Bowers, was acquired by T. Harrison Garrett in 1883 and remained in the Garrett family until 1942, when it passed from the estate of John Work Garrett to Johns Hopkins University.
The coin was sold in the March 26 and 27, 1980, auction of the Garrett Collection by Bowers & Ruddy Galleries, setting a record with a price realized of $400,000.
The coin changed hands several times over the ensuing years before appearing as lot 1736 in the Auctions by Bowers and Merena Inc. June 23 to 25, 1986, sale of the Harry Einstein Collection. It sold for $187,000.
At that point, it entered the collection of Mrs. Laura Sommer, where it resided for decades before Stack’s Bowers Galleries negotiated its sale to the current owner who consigned the coin for the Aug. 8, 2014, auction.
The record price for any Class III 1804 Draped Bust dollar at auction is the $2.3 million realized for the Adams-Carter specimen in Heritage’s April 30, 2009, sale. The Professional Coin Grading Service Proof 58 example is the highest-graded piece in collector hands.
No 1804-dated silver dollar output