1794 Silver Dollar fetches record $10 million



2015-06-26 11:11:34

1794 Silver Dollar fetches record $10 million

A 1794 silver dollar has broken the record for the most expensive coin ever sold when it fetched $10,016,875 at Stack's Bowers Galleries on Thursday January 24.

The Liberty Flowing Hair silver dollar was the first dollar coin issued by the U.S. government, minted between 1794 and 1795.

This 1794 example is believed by experts to be the first such coin struck by the U.S. Mint, and thus extremely significant.

In addition, this example is considered the finest of its kind known, graded Specimen-66 by the Professional Coin Grading Service and Certified Acceptance Corporation.

These two factors married to see the record broken for the most expensive coin ever sold. The previous record was $7,850,000, also for a 1794 flowing hair silver dollar, achieved at a private sale in May 2010.

It comes from the Cardinal Collection, amassed by Martin Logies, that features coins struck during the earliest years of the U.S. Mint.

Other highlights from the Cardinal Collection at the Stacks Bowers Americana sale included the finest known 1792 silver half disme, sold for $1,145,625, a 1793 Chain American large cent, sold for $998,750, and a 1794 Liberty Cap Cent with the head of 1793, sold for $881,250.


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