Last week, an 1804 Adams-Carter Silver dollar sold at auction for a whopping $2.3 million. That’s a pretty good amount for 1 ounce of silver worth about $12! There are only 15 such coins known to exist and they’re quite popular.
The buyer was New Jersey dealer John Albanese, who said that the price was “basically a half-million down from last year because of the recession. It was a good opportunity. These don’t come around all the time.” The coin, the finest Class III 1804 dollar outside museums and available to collectors, had been expected to fetch $2 million.
The varieties of 1804 silver dollars are known as Class I, Class II, and Class III. The Class I pieces are sometimes called Originals, although that name is inaccurate, since they were struck in 1834 rather than 1804. The Class II and Class III pieces are sometimes called Restrikes, also an inaccurate name since there were technically no Originals.









![[Picture of 1 Oz Silver Eagle]](http://bp2.blogger.com/_E09Nv_jsQcQ/Runp3W7G3FI/AAAAAAAAAGY/FVBl9alKH3Y/s200/silver+eagle1.jpg)








![[1 Ounce Perth Mint Lunar Series Silver Dragon]](http://photos1.blogger.com/blogger/4467/604/200/aust.2000.dragon.jpg)