“1794 is the year they say, ‘We’ll start the dollar coin, the linchpin of the system.’ Because our system is built on the dollar, and then multiples of the dollar, and then fractions of the dollar.” Let’s get them out to senators, congressmen, and other VIPs, to show them the Mint is moving forward,’” Mudd tells Atlas Obscura’s Isaac Schultz. “The reason for producing these was to say, ‘We can do this. In addition to displaying a silver plug used to adjust its weight, explains Steve Roach for Coin World, the coin “was struck with obvious care from the earliest state of the dies for the 1,758 1794 dollars issued.”Īs the Smithsonian’s National Museum of American History-which houses one of the rare coins in its collections-notes, Mint Director David Rittenhouse distributed the newly struck silver dollars to dignitaries as souvenirs. Several characteristics point to the Flowing Hair dollar’s identity as the very first coin minted in the U.S. Around 100 of these dollars remain in circulation among collectors. “Now that my early American dollars collection is complete and nothing else can be added, I’ve decided it’s time for other collectors to enjoy these magnificent coins.”ĭouglas Mudd, director of the Colorado-based American Numismatic Association’s Money Museum, tells the AP that the coin is one of just 300 surviving specimens from a cache of 1,758 silver dollars struck in a single day-October 15, 1794-at the U.S. “Coins are in my blood, and the 1794 dollar was a lifelong dream,” says Morelan in a statement. The sale marked the highest price ever paid at auction for a single coin. Las Vegas resident Bruce Morelan purchased the coin, known to collectors as a “ Flowing Hair” silver dollar, for $10,016,875 in 2013. “This coin is the Holy Grail of all dollars,” Laura Sperber, president of Legend Numismatics, which is conducting the October 8 sale, tells David P.
The most valuable coin in the world is set to go on auction in Las Vegas-and experts say it could fetch upward of $10 million, reports Ken Ritter for the Associated Press.ĭated to 1794, the rare silver dollar is thought to be one of the first, if not the very first, coins minted in the newly independent United States of America.
Photo by Rare Coin Wholesalers via Getty Images "This coin is the Holy Grail of all dollars," says Laura Sperber, president of Legend Rare Coin Auctions.
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