Rare 1794 Silver Dollar Expected to Fetch $3-5 Million
A silver dollar minted in 1794 is set to go up for auction with an estimated selling price of $3-5 million. This particular coin is one of 150 known to exist, with the distinction of being the most well-preserved in history.
Historical Significance Boosts Value
Being minted in 1794, this silver dollar holds immense historical significance, dating back 230 years. According to expert John Kraljevich, this coin is crucial as it sets the foundation for the US’s presence in global commerce.
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Record-Breaking Sales
Although this 1794 Silver Dollar is expected to fetch millions, previous auctions have seen even higher prices. In 2013, a similar coin sold for $10 million, setting a world record for the most expensive coin sale. This surpassed the $4.1 million sale of another silver dollar in 1999.
Presidential Connection
Not only is the 1794 silver dollar prized for its rarity, but it holds historical weight by potentially being handled by founding fathers such as George Washington, Thomas Jefferson, and Alexander Hamilton. According to GreatCollections president Ian Russell, this coin is considered “America’s most coveted silver dollar” and ranks as the “second most valuable rare coin of any kind.”
Additional Insight: Coin collecting has a rich history and attracts a dedicated community of enthusiasts who value these artifacts not only for their monetary worth but also for their historical and cultural significance. The rarity of coins like the 1794 Silver Dollar contributes to their allure among collectors, driving up prices at auctions to unprecedented levels. The connection to influential figures in American history further enhances the value and desirability of these coins, making them highly sought after in the numismatic world.