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1794 " Americas First Silver Dollar" Bought By Great Collections

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Willburton's Avatar
United States
2558 Posts
 Posted 02/09/2022  12:55 am Show Profile   Bookmark this topic Add Willburton to your friends list Get a Link to this Message Number of Subscribers
I've never posted on this side of the forum but I found this coin very interesting. Not sure how they came to the conclusion that this was the first( possibly the die state). It just sold for 12 million USD. Here's the link.
https://www.PCGS.com/news/america-f...ilver-dollar
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jacrispies's Avatar
United States
3848 Posts
 Posted 02/09/2022  01:22 am  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
I don't know much about this piece, but I've seen this coin before, and it seems to be the face of all 1794 dollars. According to the PCGS article, this coin is the only coin that is graded as a specimen, and it is graded SP-66. A specimen is similar to a proof, so I am guessing this was a presentation piece, therefore believed to be the first coin stuck from the press. 66 is an extremely high grade, especially regarding this coin is 228 years old!

Too bad it has those ugly adjustment marks!! Now thinking about it, why would a specimen piece have adjustment marks?
Suffering from bust half fever.
Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955
Shoot me a PM if you are looking to sell bust halves.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 02/09/2022  09:09 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Well, the correct weight is the correct weight! (Ian rocks).
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Bump111's Avatar
United States
3328 Posts
 Posted 02/09/2022  12:19 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply

Quote:
Too bad it has those ugly adjustment marks


That actually makes it more appealing to me. They just grabbed the first disc off the stack and went to work. Wonder whose hand worked that planchet?...

Regarding the GreatCollections connection, I guess I've helped them purchase all those monster coins!

Does anyone know offhand what they are doing with these magnificent rarities they're acquiring?
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
Great Collections Representative
United States
33 Posts
 Posted 02/10/2022  09:12 am  Show Profile   Bookmark this reply Add greatcollections to your friends list Get a Link to this Reply
We sold this coin to a private client. All coins are in demand at the moment in this vibrant market, but in particular rarities like this 1794 $1 are coveted even more than a few years ago. (We were also the winning bidder for the PCGS 66+ CAC example that sold for $6.6m last August, which looks cheap today).

- Ian
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numismatic student's Avatar
United States
11912 Posts
 Posted 02/10/2022  10:07 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Nice to see you here.

IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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Ty2020b's Avatar
United States
4680 Posts
 Posted 02/10/2022  10:08 am  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
Read about this the other day. An amazing specimen and a smart acquisition in todays market by GC.


Quote:
(Ian rocks).

I'll second that. GC has the best customer service of any of the big auction houses IMO. My favorite venue as a buyer.
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Bump111's Avatar
United States
3328 Posts
 Posted 02/10/2022  10:27 am  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
Yes, nice to have you here, GC!

Thank you for the reply. I assumed that someone had a particular interest in these gems and, perhaps, GC was the broker. Just getting a glimpse of coins like these is a great experience.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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