mineweb.com / By Patricia Reaney / Friday , 25 Jan 2013
A 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.
“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.