Silver dollar sets record at auction, rare 1794 Flowing Hair silver coin sold for $10 million (Photo)By Angel Cuala on Jan 30, 2013 in Amazing, Lifestyle, United States •
A silver dollar sets record at Stack’s Bowers Galleries‘ auction last week, as shown in the photo below. The rare silver coin was sold for a bit higher than $10 million and was dubbed to be the new record holder for the most expensive coin ever sold in an auction.
1794 Flowing Hair silver dollar coin
According to a press release at StacksBowers.com on Thursday, January 24, 2013, the rare 1794 Flowing Hair silver dollar coin was the highlight of the night during the Cardinal Collection auction sale, after it was sold for a whooping $10,016,875. This superb gem specimen is known to be the finest to ever exist.
As noted by Stack’s Bowers Galleries, the 1794 Flowing Hair silver dollar, which was graded Specimen-66 by the Professional Coin Grading Service (PCGS) and the Certified Acceptance Corporation (CAC), was bought by Legend Numismatics, one of the leading rare coin firms in the US, and is based in Lincroft, New Jersey.
“To be a part of this historical occasion is nothing short of amazing! Collectors competed with great fervor and energy, resulting in outstanding overall prices realized. The price of the gem 1794 dollar went up and up into the millions, with everyone in the audience on the edge of their seats until at last there was just one bidder remaining.” Chris Napolitano, president of Stack’s Bowers Galleries, was quoted in the report.
“At $10,016,875, a world-record price for any coin had been set! The previous record was $7,590,020 for a 1933 Double Eagle, set in 2002 by our firm in partnership with Sotheby’s. While it is well known that the value of the American dollar has depreciated over the years, here is a dollar that has increased in value beyond the wildest of anyone’s dreams.” Napolitano added.
“Legend Numismatics is proud to be the purchaser of the first silver dollar struck for the fledgling United States of America well over two centuries ago. We felt in our heart that this would be the very first coin to exceed the $10,000,000 barrier in auction and were in fact prepared to bid much higher in order to acquire this unique piece of history.” Laura Sperber of Legend Numismatics reportedly said.
Meanwhile, among the other rare coins sold that night include a certified 1792 silver half disme graded MS-68 by the Numismatic Guaranty Corporation (NGC), which was sold for $1,145,625, and a 1793 Chain America large cent graded MS-65 BN by PCGS and CAC, which was purchased for $998,750.
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