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Rare coin goes for $2.3M at Cincinnati auction
by www.kristv.com

An 1804 silver dollar that is one of only 15 known to exist has sold for $2.3 million at auction in Cincinnati.

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 Convention.
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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