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Thursday, September 29, 2011

Legend Acquires Dakota Collection for $2.5M, Sells Rare 1794 Silver Dollar

 

A 1794 Flowing Hair U.S. silver dollar, owned by collector Bruce Moreland and formerly owned by the Cardinal Collection Educational Foundation, now has been sold by Legend Numismatics, Inc. (www.LegendCoin.com) of Lincroft, New Jersey for "in the area of $1.5 million," according to Laura Sperber, Legend President. The coin is graded PCGS Secure Plus™ MS63+ and is CAC certified.

1794 Flowing Hair Silver Dollar

Graded PCGS Secure Plus MS63+, CAC certified, this 1794 Flowing Hair dollar owned by Bruce Moreland and formerly in the Cardinal Collection has been sold by Legend Numismatics to a Wall Street executive for a price "in the area of $1.5 million." Photo credit: PCGS TrueView™ image.

Only 1,758 silver dollars were recorded minted in 1794, the first year of production for that denomination at the United States Mint. PCGS CoinFacts estimates only about 150 survive today with less than a dozen in mint state.
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