facebook
twitter
rss
account
search
search
 

Rare silver dollar sold for $10 million

Jan. 29, 2013 at 4:01 PM   |   Comments

NEWARK, N.J., Jan. 29 (UPI) -- A New Jersey firm says it bought a rare silver dollar coin at auction for a record $10 million.

The coin, known as a Flowing Hair Silver Dollar because it shows Lady Liberty with long, flowing locks, was minted in Philadelphia in 1794.

"It's one of the rarest coins in existence," said Laura Sperber, co-partner of Legend Numismatics of Lincroft, which purchased the coin. "Who knows who could have held this coin? George Washington? Any of the Founding Fathers?"

The (Newark, N.J.) Star-Ledger reported Tuesday there are only believed to be about 150 of the coins still in existence of the 1,750 minted that year before the mold was destroyed.

The coin was previously owned by Martin Logies, a private collector who purchased it for a then-record $7.8 million in 2010, which had stood as the record for a coin purchase until Legend topped it last week. It was the last of 94 lots, conducted last week by auction house Stack's Bowers in New York City.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Thai woman posts more than 12,000 selfies
2
Albino crocodile named for Michael Jackson shot dead after eating fisherman
3
Atlantic City casino loses $21,000 cash left on roof of armored truck
4
Man fakes suicide to get out of engagement to long-distance fiance
5
Woman finds 3-foot-long boa constrictor in used car trunk
Trending News
Video
x
Feedback