1794 Silver Dollar Coin Sells for World Record $10 Million

by Stack's Bowers Galleries on January 25, 2013 · 4 comments

Leading rare coin auctioneer Stack’s Bowers Galleries conducted one of the most highly-anticipated events in numismatic history on January 24, 2013 with the sale of the record-setting Cardinal Collection.

1794 Flowing Hair Silver Dollar

This 1794 silver dollar sold for a world record $10,016,875 in Stack’s Bowers Galleries New York Americana Sale

The highlight of the evening was the $10,016,875 sale of the coveted 1794 Flowing Hair silver dollar, a superb Gem Specimen example, the finest known to exist. This set a new world-record price for any coin.

Attended by hundreds of enthusiasts, collectors, investors and dealers, and resulting in nearly $27 million in rare coins crossing the block, the auction of The Cardinal Collection and other important consignments took place as part of the Stack’s Bowers Galleries New York Americana Sale.

"To be a part of this historical occasion is nothing short of amazing!" said Chris Napolitano, president of Stack’s Bowers Galleries. "Collectors competed with great fervor and energy, resulting in outstanding overall prices realized. The price of the gem 1794 dollar went up and up into the millions, with everyone in the audience on the edge of their seats until at last there was just one bidder remaining. At $10,016,875, a world-record price for any coin had been set! The previous record was $7,590,020 for a 1933 Double Eagle, set in 2002 by our firm in partnership with Sotheby’s. While it is well known that the value of the American dollar has depreciated over the years, here is a dollar that has increased in value beyond the wildest of anyone’s dreams."

One of the greatest American numismatic landmarks, the 1794 Flowing Hair silver dollar is the finest known example of its kind, graded Specimen-66 by the Professional Coin Grading Service (PCGS) and the Certified Acceptance Corporation (CAC), leading certifiers of a coin’s condition. A close study of its characteristics suggests that it may well be the first specimen struck of the first year of the silver dollar, and was carefully preserved for posterity.

Superb Gem 1792 silver half disme

This finest known 1792 silver half disme sold for $1,145,625 in Stack’s Bowers Galleries New York Americana Sale

A certified 1792 silver half disme graded MS-68 by the Numismatic Guaranty Corporation (NGC) sold for $1,145,625.

1793 Chain Cent

This 1793 Chain AMERICA large cent sold for $998,750 in Stack’s Bowers Galleries New York Americana Sale

A 1793 Chain AMERICA large cent graded MS-65 BN (PCGS) (CAC) fetched a strong $998,750, and a 1794 Liberty Cap Cent with the Head of 1793 graded MS-64 BN (PCGS) (CAC) soared to $881,250 among many other notable and record prices.

"Thanks to Martin Logies, chief architect of The Cardinal Collection, we were able to bring one of the most significant collections in all of numismatics to auction," Napolitano continued. "The event helped set a new standard of excellence in numismatics, and pays homage to the history, legacy and lore of American coin collecting."

In addition to The Cardinal Collection, the New York Americana Sale featured other United States coins of all denominations, including many rarities and finest known examples.

1794 Liberty Cap Cent with the Head of 1793

This 1794 Liberty Cap Cent with the Head of 1793 sold for $881,250 in Stack’s Bowers Galleries New York Americana Sale

For a complete list of items sold and prices realized from the Stack’s Bowers Galleries New York Americana Sale, please visit stacksbowers.com.

To consign U.S. coins and paper money to the March 2013 Whitman Coin and Collectibles Baltimore Expo, the Official Auction of the May 2013 ANA New Orleans National Money Show or the Official Auction of the August 2013 ANA Chicago World’s Fair of Money, please call 800.458.4646 (West Coast) or 800.566.2580 (East Coast).

To consign world coins and currency to our August 2013 Hong Kong Auction or the Official Auction of the August 2013 ANA Chicago World’s Fair of Money, please call 800.458.4646 (West Coast) or 800.566.2580 (East Coast).

{ 4 comments… read them below or add one }

Homer January 25, 2013 at 1:42 pm

Darn it. Mine is dated 1974.

Kevin January 25, 2013 at 11:40 pm

Yeah, I put mine on the railroad tracks to flatten it out. Who would’ve thought that could affect the value?

Chitra January 29, 2013 at 9:43 pm

mine 1799

carla February 25, 2013 at 10:49 am

I have two if the same coin flowing hair girl with eagle
on the back dated 1794 exactly… was a gift when i was a little girl
from my uncle. U mean that they r special wow and to think i just let
My girls play with them.

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