The first silver dollar made by the U.S. Mint, a branch of the government responsible for designing and producing coinage for the country, has been sold for a whopping $12 million!
The coin is highly valued for its excellent quality and historical significance. According to GreatCollections president Ian Russel, the coin was made to help replace Spanish, English, Dutch and French coins in circulation in the country’s post-Colonial era. “Because of its significance, it was likely seen by President George Washington, Treasury Secretary Alexander Hamilton and then-Secretary of State Thomas Jefferson who oversaw the young United States Mint,” Russell said in a statement. “Without question, this is America’s most coveted silver dollar, a numismatic national treasure.”
The coin was initially sold to Vegas business executive Bruce Morelan for $10,016,875 in 2013. It was then exhibited across the US and Europe. GreatCollections Coin Auctions then bought the coin and put it up for auction.
Image credit: GreatCollections Coin Auctions