An exceedingly rare coin minted in 1794, widely believed to be the very first Silver Dollar struck by the United States, has sold for a world-record $12 million to GreatCollections.
Only about 140 silver dollars exist today out of the original mintage of 1, 758, and this is the only example designated Specimen by Professional Coin Grading Service (PCGS), which assigned a grade of SP-66. It is also approved by Certified Acceptance Corporation (CAC).
The famous coin was the first to break the $10 million mark, selling for $10, 016, 875 in a 2013 auction. Three years earlier, it had traded privately for $7.85 million. In both prior transactions, it set the record for the highest price paid for a coin, until the 1933 Saint-Gaudens Gold Double Eagle was auctioned last year for $18.9 million.
Vtg America's First Silver Dollar 1772
The seller of the 1794 Silver Dollar was well-known collector Bruce Morelan, who had previously sold a trio of rare coins for $13.35 million to GreatCollections in November last year that included the finest 1913 Liberty Head Nickel, one of only three in private hands.
Prior to Morelan, the coin was owned by numismatic legends including Virgil Brand, Col. E.H.R. Green, W.W. Neil, and both Amon Carter, Senior and Junior.
Ian Russell, President of GreatCollections said, “Without question, this is America’s most coveted Silver Dollar, and it gave me chills closing the transaction for this piece of history. This absolutely defines ‘museum-quality’ in fact, aside from the unique specimen-striking, it’s substantially better than the examples in the Smithsonian and American Numismatic Association collections. The new owner is thrilled.”
America's First Silver Dollar Acquired For $12 Million By Greatcollections
“I’m very pleased to be involved in this deal, officially the highest price paid for any CAC-approved coin in a private transaction, ” Albanese said. “I know it’s bittersweet for Bruce to pass the torch to the next owner.”
“I called Ian about the coin a week ago Sunday, and by Thursday, we were in agreement. Then it was just a matter of logistics to securely transport the rarity.”
The coin market has gained new strength over the past few months, with a large number of new collectors entering the market from other collectibles and hobbies.
America's First Commemorative Silver Dollar
This was the second important 1794 Flowing Hair Silver Dollar purchased by GreatCollections in the past six months. At an ANA auction in August, GreatCollections paid $6.6 million for another example, ranking as the seventh-highest price ever paid for a coin at auction.
GreatCollections is an auction house for certified coins and banknotes, handling transactions from start to finish. Since its founding in 2010, GreatCollections has successfully auctioned over 950, 000 certified coins, making it one of the leading certified coin companies in the United States. Ian Russell, Owner/President of GreatCollections, is a member of the prestigious Professional Numismatists Guild (PNG) and member of the National Auctioneers Association. For more information about GreatCollections, visit www.greatcollections.com or call 800-442-6467.
GreatCollections, the official auction house of the American Numismatic Association (ANA), specializes in auctioning certified coins and banknotes, handling transactions from start to finish. Since its founding in 2010, GreatCollections has successfully auctioned over one million certified coins, making it one of the leading certified coin companies in the United States, with annual sales in 2021 exceeding $235 million. Ian Russell, owner/president of GreatCollections, is a member of the Professional Numismatists Guild (PNG) and a member of the National Auctioneers Association.
Silver Coins Worth Money
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2024 © DISCLAIMER: All content within is presented for informational purposes only, with no guarantee of accuracy. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent Management. does not buy or sell coins or numismatic material and No endorsement or affiliation to or from is made.America's First Silver Dollar, a Pieces of Eight, was the first true dollar circulated in America. It was widely used throughout the British American Colonies in the early 1700s before a standard U.S. monetary unit was established. This Spanish American coin is commonly seen in pirate legend, and the vast history behind this dollar coin in seemingly endless.
The opportunity to own one of these rare coins is quickly coming to an end. The availability of these coins is very limited due to the age of these rare coins and the fact that they are composed of FINE SILVER.
America's First Silver Dollar
No one knows for sure how many of these Pieces of Eight Silver Dollars remain, but based on the valuable precious metal content and extreme age of these historic pieces, one would be truly hard-pressed to find another opportunity like this one.
These gems have already increased far beyond initial release value and, with the consistently rising market value of silver, imagine how much more your historic SILVER DOLLAR could be worth in as little as one year!
The United States Commemorative Gallery has only been able to procure a mere 700 Pieces of Eight Silver Dollars at this time and they are expected to go fast!
Rare Bicentennial Quarter Worth Nearly $49 Million Usd: 9 More Worth Over $799,999 Gems
Take advantage of this offer while it lasts and you will get the Personal Museum Display Case FREE to showcase your most valuable coin. This amazing $79 value is truly the only way to show this valuable coin. Made from solid wood, this 4 x 4 display provides a classic look that spans the ages. Four specially-placed LED lights shoot beams of light across the coin centered on an elegant plush of burgundy velveteen.
A one-touch button on the back of the box activates the brilliant lighting for an interval of 30 seconds. To protect rare coins such as America's First Silver Dollar, a clear acrylic top guards the displayed treasure so all of its unique features can be easily viewed.
Order your very own America's First Silver Dollar for only $189. Each Pieces of Eight Dollar is guaranteed authentic currency circulating during the time of the British American Colonies. Plus, you will receive the $79 value Personal Museum Display Case FREE to showcase your most valuable coin.
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