AndreaGail
20th May 2010, 08:05 PM
http://www.9news.com/news/watercooler/article.aspx?storyid=139372&catid=337
LOS ANGELES (AP) - What may be America's oldest silver dollar has become the world's most expensive coin, with its owner saying it changed hands in a private transaction between coin collectors for nearly $8 million.
Steven L. Contursi, who has owned the mint-condition 1794 Liberty dollar for the past seven years, confirmed Thursday he has sold it to the Cardinal Collection Educational Foundation of Sunnyvale for $7.85 million.
The previous record price paid for a coin was $7,5 million for a U.S.-minted 1933 $20 gold piece, according to the American Numismatic Association.
Numismatics expert say the 1794 coin, if not the first U.S. silver dollar ever minted, is clearly the first of the approximately 150 still in existence.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
LOS ANGELES (AP) - What may be America's oldest silver dollar has become the world's most expensive coin, with its owner saying it changed hands in a private transaction between coin collectors for nearly $8 million.
Steven L. Contursi, who has owned the mint-condition 1794 Liberty dollar for the past seven years, confirmed Thursday he has sold it to the Cardinal Collection Educational Foundation of Sunnyvale for $7.85 million.
The previous record price paid for a coin was $7,5 million for a U.S.-minted 1933 $20 gold piece, according to the American Numismatic Association.
Numismatics expert say the 1794 coin, if not the first U.S. silver dollar ever minted, is clearly the first of the approximately 150 still in existence.
(Copyright 2010 by The Associated Press. All Rights Reserved.)