Saturday, 22 May 2010

The $7.85 Million Silver Dollar

The Worlds Most Expensive Silver Dollar

A rare 1794 U.S. silver dollar has set a new record price, the Neil/Carter/Contursi specimen 1794 Flowing Hair Silver Dollar has sold for $7.85 million. What makes this particular silver coin so rare is that it is the finest known 1794 dollar and several experts believe this could be the first silver dollar ever struck by the United States Mint. Steven L. Contursi, who has owned the 1794 Silver 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 Flowing Hair silver dollar takes its name from lady liberty's flowing locks shown on the obverse of the coin, the reverse shows the words the United States of America with an olive tree and an eagle. The specimen is unique both for the quality of its imprint and the fine silver it was struck from, the pristine condition of the silver dollar coin has led experts to surmise that is has had plenty of special handling in the years since it was minted. 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.

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