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coins & banknotes 3 May, 2021
Two (2) rare well circulated 1794 u.s. silver dollar coins
ASBURY PARK, N.J. – A rare 1794 U.S. silver dollar, believed to be the first silver dollar minted by a newborn United States, is going up for sale by a New Jersey coin dealer. "This coin is the Holy Grail of all dollars," said Laura Sperber, president of Legend Numismatics in Middletown's Lincroft section. The sale, by Legend Auctions, will be Oct. 8 at The Venetian Hotel in Las Vegas and online. Bruce Morelan, a Las Vegas collector, purchased the coin, nicknamed the "Flowing Hair Silver Dollar," in 2013 for $10 million, the most ever paid for a rare coin. It features Lady Liberty ringed with stars on one side and an eagle on the other. “Of the 1,758 silver dollars the Mint delivered in October 1794, perhaps less than 130 are known to still survive, and this particular coin is the finest known,” said Brett Charville, president of Professional Coin Grading Service, a rare-coin authentication company, in a statement. "It is believed to the very first one struck," Sperber said. It is "extremely significant." It was presented to then-Secretary of State Edmund Jennings Randolph, who referred to it with a letter to President George Washington. This 1794 coin is believed by many experts to be the first silver dollar struck by the United States Mint. The early American dollar set a record as the world’s most valuable rare coin sold at auction when it was purchased for more than $10 million in 2013.
Appraisal in progress
Estimate: €0 - €0