PDA

View Full Version : 1794 silver dollar sells for record $7.85 million



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.)

ximmy
20th May 2010, 11:26 PM
That's a tidy sum.

sunshine05
21st May 2010, 05:09 PM
Wow!

JohnQPublic
21st May 2010, 11:10 PM
Nice coin (this is just a typical one, not the actual one sold).

http://www.bestcoin.com/images/1794_one_dollar_obv.jpg

http://www.bestcoin.com/images/1794_one_dollar_b01_rev.jpg

willie pete
21st May 2010, 11:47 PM
It's a "Flowing Hair"

1970 Silver Art
22nd May 2010, 12:00 AM
HOLY COW!!!!! An epic premium over spot silver. :D