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V16 2013 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 16, Number 4, January 27, 2013, Article 12

1794 DOLLAR SALE COVERAGE

Dave Bowers appeared on Bloomberg's “Money Moves” discussing the 1794 Silver Dollar. Whitman Publishing has a copy of the video on their web site. Check it out! -Editor

Stack’s Bowers Galleries Chairman Emeritus Q. David Bowers recently appeared on Bloomberg Television’s “Money Moves” to discuss a coin that is expected to break all previous auction records, the 1794 Flowing Hair Silver Dollar.

Dave Bowers on 1794 Dollar sale

To watch the video, see: 1794 Silver Dollar Could Go for $6 to $7 Million (news.whitman.com/news/q-david-bowers-on-the-1794-dollar-that-could-sell-for-millions/)

Werner Mayer found a post-sale article at The New York Times, but it has disappeared from their site. He forwarded a link to the original press release, and I found a similar article from The Chicago Tribune. -Editor

To read the original press release, see: Stack's Bowers Galleries Sets World Record With Sale Of 1794 Silver Dollar For $10,016,875 (www.prnewswire.com/news-releases/stacks-bowers-galleries-sets-world-record
-with-sale-of-1794-silver-dollar-for-10016875-188316191.html)

1794 dollar David Bowers, chairman emeritus of Stack's Bowers Galleries, said the coin has unique features that make it particularly valuable.

"It is the first American metal dollar struck and the finest known. You have these combinations coming together. No museum has an equal piece," he told Reuters.

The coin was part of the Cardinal Collection, amassed by the collector Martin Logies. Bowers described the collection as the "Old Masters" of coins struck during the earliest years of the U.S. Mint.

"I think it is extraordinary and I am very pleased that the first silver dollar is the first to top the $10 million threshold," said Logies, who purchased the coin three years ago.

To read the complete article, see: Rare 1794 silver dollar sells for record $10 million at U.S. auction (www.chicagotribune.com/news/sns-rt-us-coins-auction-record
bre90o061-20130124,0,4181608.story)

Dick Hanscom forwarded this article from The Daily Mail. -Editor

A 1794 silver dollar, which many experts believe was the first such coin struck by the U.S. Mint, sold for a record $10 million at auction on Thursday.

The Flowing Hair Silver Dollar more than doubled the previous $4.1 million record for a coin set in 1999, auction house Stack's Bowers Galleries said.

Legend Numismatics, a rare-coin firm based in New Jersey, bought the coin, which was the highlight of the evening sale in New York that fetched a total of $17.2 million.

To read the complete article, see: It's top dollar! Rare 1794 silver dollar sells for record $10 million at U.S. auction (www.dailymail.co.uk/news/article-2268041/Rare-1794-silver-dollar-sells
-record-10-million-U-S-auction.html)

Wayne Homren, Editor

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