Friday, May 28, 2010

World's Most Valuable Stamp and Coin Sell in Same Week

$7.85 Million for 1794 U.S. Silver Dollar!

It was an extraordinary week for rare coins and stamps, with two of the world’s most valuable specimens being sold within days of each other.

If anyone doubts the enduring appeal of American currency, a sale completed Thursday of a sparkling 1794 silver dollar should put that to rest. The coin, believed by some experts to be the first United States dollar ever minted, was sold to a nonprofit educational group for $7.85 million, a world record for any coin.

“This is a national treasure,” said the seller, Steven L. Contursi, a California coin dealer who has owned it since 2003. He has . . .

Full story at: New York Times