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1794 Silver Dollar Sells For Almost $8 Million

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JimR's Avatar
United States
1490 Posts
 Posted 05/23/2010  5:07 pm  Show Profile   Bookmark this reply Add JimR to your friends list Get a Link to this Reply
I wonder how much Contursi paid for the dollar seven years ago?
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Gothic Florin's Avatar
United States
2541 Posts
 Posted 05/24/2010  09:04 am  Show Profile   Bookmark this reply Add Gothic Florin to your friends list Get a Link to this Reply
I think you'd need Chuck Norris, Mr. T, Bruce Lee, Rambo and The Terminator to guard that thing! There's no way I'd keep it in my house. It would have to be in some uber-bank vault.
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L1011's Avatar
United States
300 Posts
 Posted 05/24/2010  09:21 am  Show Profile   Bookmark this reply Add L1011 to your friends list Get a Link to this Reply
If you could afford to buy that coin, I'd say you'd probably live in a house that had many many places to hide it
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oih82w8's Avatar
United States
7840 Posts
 Posted 05/24/2010  11:21 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
From the story that I read, it is considered (possibly) THE FIRST STRUCK U.S. DOLLAR (not just the first type, but the actual first off the die), and it's silver plugged as well. I enlarged the photos' and there appears to be a couple of raised areas (dimples, pimples, whatever you call them)at the neck, but it is certified PCGS SP66 (specimen).

Still, a really incredible coin!
Edited by oih82w8
05/24/2010 11:23 am
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Conder101's Avatar
United States
17884 Posts
 Posted 05/24/2010  9:22 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
And do you guys think the coin was graded?

It's in an overgraded SP-66 PCGS holder.


Quote:
From the story that I read, it is considered (possibly) THE FIRST STRUCK U.S. DOLLAR (not just the first type, but the actual first off the die),

That's the hype they've been pushing but I don't believe it. I IS the earliest die state known, and it is also the only specimen of that die state known, but the first one struck? I doubt it. The fact that it appears the dies were polished implies that they intended the first coin to be a special striking, possibly as a presentation piece. After all this was a VERY important statement of sovereignty. But if they were going to that kind of trouble to make such a statement, do you think they would have used such an inferior planchet? Underweight, holed and plugged to bring the weight up, and then scraped across the faces with a coarse file to bring the weight back down to standard? No, if yo are going to make a presentation coin like that you are going to examine the planchets and find one of the correct weight that has not had to be adjusted. This is probably one of the first few AFTER the presentation piece was struck.
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