| Part of Bowers and Merena Auctions' $9.2 Million Boston Rarities Sale Bowers and Merena Auctions, one of the world's pre-eminent numismatic auctioneers, hosted its Boston Rarities Sale on Saturday, Aug. 7 at Park Plaza Hotel and Towers in Boston, Mass., where the featured coin, a rare 1794 Silver Dollar, was sold for $1,207,500. 
The Bowers and Merena August Boston Rarities Auction featured this Virgil Brand-F.C.C. Boyd-Cardinal specimen of the 1794 Flowing Hair Silver Dollar which sold for $1.2 Million. Certified MS-64 by NGC, the coin is Condition Census #4 for the issue. Even most problem-free 1794 Flowing Hair Dollars that have survived did so only after acquiring some degree of wear. Only six coins, in fact, are universally recognized by numismatic experts as Mint State 1794 Silver Dollars. (Click image to enlarge)
"There has been great anticipation within the industry for our auction of the condition census #4 1794 Silver Dollar," said Greg Roberts, CEO of Bowers and Merena. "We started to see bidding activity about two weeks before the live action began with multiple bidders moving the coin from its opening bid to $750,000 where the lot opened on the live auction floor. It then quickly moved up $300,000 at increments of $50,000. When the bid hit $1 million on Saturday, the gasp from the crowd was riveting, and with two of the four bidders live in the room, the intensity was overwhelming." The seller of the rare coin, Martin Logies, author of the book The Flowing Hair Silver Dollars of 1794 and director and curator of CCEF, recently purchased the Neil/Carter/Contursi 1794 Flowing Hair silver dollar for $7.85 million in a private transaction brokered by Spectrum Group International, Bower and Merena Auctions' parent company. The sale marked a new world record price and the coin is currently being showcased by CCEF, a teaching organization, and is being shared with a wider national audience. The silver dollar first struck in 1794 and was intended to replace the Spanish, English, Dutch and French coins that dominated local commerce. Only 140 surviving examples of the 1794 silver dollar coin are estimated throughout the world.... Read the rest of 1794 Silver Dollar Auctioned for $1.2 Million (589 words) © 2010 CoinNews Media Group LLC 
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The U.S. government printed nearly 100 million fewer bills in July than in June, marking a second straight monthly production decline and the lowest level of the year, according to figures from the agency responsible for manufacturing U.S. currency.
Demand for Bullion 2010 Gold American Eagles climbed in July over June, owing mostly to a renewed interest in the one ounce coins. Conversely, sales of the smaller or fractional gold coins dropped drastically.
Gold is currently maintaining its grip above $1200 an ounce after bouncing $21.40 higher last week — although the metal edged slightly lower in the early going Monday morning.
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