The rare 1794 US silver dollar

1794 Silver Dollar Sold for $10 Million in 2013 Now the Coin is Up for Auction Again

  • 1794 Silver Dollar Sold for $10 Million Dollars in 2013.

A unique 1794 silver dollar coin that portrait of lady on one side and an eagle on the other side of the coin.

In 2013 this coin went for auction and sold for about $10 million dollars surpassing the world record for the one of most paid for a rare coin.

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“This is a dream coin — a priceless artifact that I have been proud to own, and I’m very sorry to see it go,” Bruce Morelan, who owns the rare 1794 silver dollar, told CNN.

Morelan a well known collector is no putting this historic coin valued at about $20 million dollars up for auction.

A Quick History of The Coin

Over 200 years ago when the United States was a fledgling nation eager to cement its independence, Congress passed the Coinage Act of 1792, which established the country’s first national mint.

“The Constitution had specified that the dollar was going to be the cornerstone of the US monetary system,” Douglas Mudd, the curator and director of the American Numismatic Association’s Money Museum, told CNN.

The first United States Mint, on Seventh Street, Philadelphia, circa 1820. Credit: Archive Photos/Archive Photos/Getty Images

The first United States Mint, on Seventh Street, Philadelphia, circa 1820. Credit: Archive Photos/Archive Photos/Getty Images

“People are afraid because of Covid and they are afraid to go to large gatherings,” Morelan said. “The publicity is also difficult because people are covering what is going on with the pandemic and aren’t as interested in what items might be for sale.”

“The auction will probably be more difficult to do,” he added.

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