Rare coin goes for $2.3M at Cincinnati auction
1804 silver dollar that is one of only 15 known
to exist has sold for $2.3 million at auction in
Coin dealer John Albanese of Bedminster, N.J.,
had the top bid for the 1804 Adams-Carter silver
dollar, said Greg Rohan, president of
Dallas-based Heritage Auction Galleries.
Albanese said he was excited to get the coin
because such pieces are rarely auctioned and
he'd been hankering for a "rare coin fix,"
though he has a couple of buyers in mind and may
end up selling it.
"I don't drink, I don't smoke, so I needed a
coin fix, and this will satisfy me for a while,"
he said, adding that he'd have been willing to
pay more if the economy weren't slumping.
The Thursday auction was the main event at the
ongoing Central States Numismatic Society
Coin Values magazine rates the rare silver
dollar as the seventh most valuable coin in the
world. The most valuable is a $20 double eagle
from 1933 that sold for $7.6 million in 2002.
The Adams-Carter coin is named for two owners.
Phineas Adams was a 19th century collector, and
Amon Carter Sr. was a Texas entrepreneur and
publisher of the Fort Worth Star-Telegram.
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