Rare Coin in Las Vegas—From the Earliest Years of America—Makes a Mint

A unusual silver coin from the earliest years of the United States increased in worth by $11,999,999 when a male from Las Vegas offered it to GreatCollections Coin Auctions, a business based in Irvine, California. Now valued at $12 million, the silver dollar from 1794 is thought to be the veryfirst such coin ever made by the U.S. Mint, according to a report in the Las Vegas Review-Journal, and “was designated to assistance change Spanish, English, Dutch and French coins that were in bloodcirculation in the nation’s post-Colonial age.” Bruce Morelan, a service executive in Las Vegas, paid $10,016,875 for the treasure in 2013 and displayed it throughout the nation and in Europe priorto selling it.

In a declaration, Ian Russell, president of GreatCollections, stated, “Because of its significance, it was mostlikely seen by President George Washington, Treasury Secretary Alexander Hamilton and then-Secretary of State Thomas Jefferson who supervise the young United States Mint. Without concern, this is America’s most desired silver dollar, a numismatic nationwide treasure.”

Of 1,758 such coins made in Philadelphia on a hand-turned press, just some 140 endure. And the condition of coin most justrecently offered is “substantially muchbetter than the examples in the Smithsonian Institution’s National Numismatic Collection and the American Numismatic Association museum,” according to Russell.

A collector consideringthat the age of 6, Morelan, the seller, stated, “Coins are in my blood, and the 1794 dollar was a long-lasting dream. I’m genuinely blessed to haveactually owned it and hope the brand-new owner has as much happiness, pride, and completesatisfaction as I did.”

Source: Rare Coin in Las Vegas—From the Earliest Years of America—Makes a Mint.

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