The “Amon Carter” Flowing Hair Silver Dollar last sold in 2013 for $10m, but how does a coin get the same price tag as a small island, especially when the scrap value of the coin is a measly $12 for its silver content?
It ticks all of the boxes for what to look for when buying a classic coin – rarity, history and cultural value, but there’s one key selling point that sets this coin apart.
It could be the first dollar ever struck. Not just that, it would actually be the very first coin ever minted in the US.
If it is the first ever dollar, it would mean President George Washington himself would have personally inspected it.
No surprise then that the President of the auction house responsible for selling it on 8 October called it “the Holy Grail of all dollars”.
At the very worst, it is one of 1,758 struck on 15 October 1794 at the fledgling Philadelphia Mint. Only about 130 of which survive today and this is highest quality example known.
How much will it sell for?
That’s the $10m question.
It’s impossible to predict how much it will sell for, especially at a time when the world is so affected by the Coronavirus pandemic, but one thing is for sure – the price has only been going one way for last 70 years:
1947: Sold for $1,250
1984: Sold for $264,000
1991: Sold for $506,000
2002: Sold for $2,000,000
2010: Sold for $7,850,000
2013: Sold for $10,000,000
The romance and history attached to this coin is what makes it so interesting and the fact that it is either the first or one of just a few known to exist is where the price tag comes from.
Classic coins like this are fascinating and the good news is that you don’t need to spend millions to secure one for your collection.
Coins that shouldn’t exist, coins that caused outrage on their release and even lucky coins that fighter pilots took into battle with them are all available for hundreds of pounds or less.
And they all have one thing in common – they all tell a fascinating story. What more could you want from a coin?
If you’re interested…
I have limited stock of a Morgan Dollar that shouldn’t exist…
The famous “Hot Lips” error coin, features Lady Liberty’s portrait double-struck, resulting in a noticeable doubling up of her nose, lips and chin.
Struck in 1888, the error wasn’t discovered until the 1960s and has gone on to become one of the most famous coin errors.
You can add one to your collection today for just £395 (+p&p). Click here to find out more about the “Hot Lips” Morgan Dollar