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1794 American Silver Dollar sells for $10 mill...

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1794 American Silver Dollar sells for $10 mill...

Old 01-25-2013, 03:43 PM
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Default 1794 American Silver Dollar sells for $10 mill...







1794 silver dollar, which many experts believe was the first such coin struck by the U.S. Mint, sold for a record $10 million at auction on Thursday.

The Flowing Hair Silver Dollar more than doubled the previous $4.1 million record for a coin set in 1999, auction house Stack's Bowers Galleries said.
Legend Numismatics, a rare-coin firm based in New Jersey, bought the coin, which was the highlight of the evening sale in New York that fetched a total of $17.2 million.

Top dollar: A Flowing Hair Silver Dollar, believed to have been the first silver dollar struck by the United States Mint, sold for slightly more than $10 million at a New York auction on Thursday
'We felt in our heart that this would be the very first coin to exceed the $10 million barrier in auction and were in fact prepared to bid much high in order to acquire this unique piece of history,' the company said in a statement, adding it had no plans to sell the coin in the near future.
David Bowers, chairman emeritus of Stack's Bowers Galleries, said the coin has unique features that make it particularly valuable.

The coin was part of the Cardinal Collection, amassed by the collector Martin Logies. Bowers described the collection as the 'Old Masters' of coins struck during the earliest years of the U.S. Mint.
'I think it is extraordinary and I am very pleased that the first silver dollar is the first to top the $10 million threshold,' said Logies, who purchased the coin three years ago.

Doubling: The rare 1794 silver dollar more than doubled the previous $4.1 million record set for its sale in 1999
The $10 million price includes the buyer's commission.
Like the buoyant art market, which is expecting another good year in 2013, Bowers said coins are a good investment, have a worldwide market and have risen steadily in value.

'We're continually surprised by surprises,' he said, adding there are several million coin collectors around the globe. 'They want to collect coins for appreciation, art, rarity and beauty.'
The record-setting coin shows a profile of Miss Liberty facing right surrounded by stars representing each state in the union. The design was only used in 1794 and briefly the following year.
Old 01-25-2013, 04:08 PM
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WOW ! It's a shame I don't have a couple of them layin' around.....
Old 01-25-2013, 04:35 PM
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Originally Posted by rainmaker View Post
WOW ! It's a shame I don't have a couple of them layin' around.....
I already checked my couch....
Old 01-25-2013, 04:43 PM
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Checkin' mine now LOL!!
Old 01-25-2013, 05:14 PM
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Originally Posted by semperfifishing View Post
I already checked my couch....
You better check your car seats also.
Old 01-25-2013, 05:29 PM
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14 stars........what was the 14th state added, and when?
Old 01-25-2013, 05:33 PM
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Originally Posted by bamaboy473 View Post
14 stars........what was the 14th state added, and when?

en.wikipedia.org/wiki/VermontOn March 4, 1791, Vermont joined the federal union as the 14th state, and the first to enter the Union ...
Old 01-25-2013, 06:01 PM
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Originally Posted by bamaboy473 View Post
14 stars........what was the 14th state added, and when?
14? I count 15 stars.
Old 01-25-2013, 07:36 PM
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State Entered
Union Year

1. Delaware Dec. 7, 1787
2. Pennsylvania Dec. 12, 1787
3. New Jersey Dec. 18, 1787
4. Georgia Jan. 2, 1788
5. Connecticut Jan. 9, 1788
6. Massachusetts Feb. 6, 1788
7. Maryland Apr. 28, 1788
8. South Carolina May 23, 1788
9. New Hampshire June 21, 1788
10. Virginia June 25, 1788
11. New York July 26, 1788
12. North Carolina Nov. 21, 1789
13. Rhode Island May 29, 1790
14. Vermont Mar. 4, 1791
15. Kentucky June 1, 1792


It is interesting that in 1794 the USS Constitution ( Old Ironsides) went into service
Old 01-26-2013, 04:15 AM
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People back then were stupid, they should had minted a few of those to pay the national debt today...
Old 01-26-2013, 04:19 PM
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So I didn't listen in history class. If 1776 was Declaration of Independence what was everything for 11 years?

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