#currency

#currency

First Silver Dollar Coin Ever Made by the US Mint Sold for $12 MillionThe 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#coins #history #US #USMint #auctions #currency

Over 6,000 Silver Coins From the Middle Ages Discovered During a Renovation Project in AustriaA museum in Upper Austria has obtained a set of silver coins from the late Middle Ages. More than 6,000 coins were discovered during a renovation in Rainbach, Upper Austria. The old currency was wrapped in fabric and hidden inside a clay pot, according to the OÖ Lande-Kultur GmbH museum.The hidden stash contained different kinds of coinage, which are the following: -‘halves,’ which pfennigs and their half-pieces, -‘Prague groschen,’ larger coins from Bohemia -‘snake groschen,’ also known as Milanese pegioni-Tiroler Kreuzer, a type of coin of high qualityBoth the owner and the total value of the coins remain unknown and will be the subject of scientific study.Image credit: Michael Maritsch/Zenger#Coin #Currency #AncientCurrency #MiddleAges #Artifacts #UpperAustria 