The E-Sylum:  Volume 10, Number 41, October 14, 2007, Article 15

ALAN WEINBERG ON THE $5 MILLION 1804 EAGLE

Alan V. Weinberg writes: "As to the $5 million paid for 
the 1804 $10 gold concoction made in 1834 - so it sold 
$1 million in 2003 and $2.47 million in 2005, a mere two 
years ago? This 'cockamamie' or 'Mickey Mouse' (John J. Ford 
-isms) fantasy - it's not even a restrike!- has allegedly 
doubled in market value every two years? It was not too 
long ago that I attended a Superior auction in Beverly 
Hills where the entire cased King of Siam set containing 
the 1804 dollar and this 1804 $10 gold and other 1834-struck 
proof rarities could not reach the $1.8 million reserve price! 

"Two different gold 1787 Brasher doubloons, infinitely 
more desirable than the 1804 eagle fantasy, auctioned three 
years ago for a bit more than $2 million apiece and are still 
available & unsold on the market. One wonders how the 
presumably successful businessman who just paid $5 million 
for the "1804" gold eagle - after it sold for less than 
half that 2 years ago - figures it is now worth $5 million. 
Or even half of that! Where's his business sense?"

1804 U.S. TEN DOLLAR GOLD SELLS FOR $5 MILLION
esylum_v10n40a19.html

  Wayne Homren, Editor

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