I just picked up an auction catalog (Stack's) from April 1954 where one of these was auctioned! It went for $8000. The 2015 Red Book notes that Stack's Bowers auctioned one in 1999 for $4,140,000. You gotta love the value growth rate!
1954 you could buy 2 nice houses for that much. Average wage $4700 per annum, min wage was $.75 an hour. It was a lot of $'s then
Seems that way. Whether you love them or hate them, the prices people are paying are a "bolt out of the blue."
ROI, what is that? Sometimes it is better to just write out things than use acronyms because there many people who probably do not know the ones not usually seen.
ROI = Return On Investment Anyone in the Michigan area is invited to see ANA's 1804 Dollar at the MSNS (Michigan State Numismatic Society) Fall Conference.
Thanks, but once a year out there is enough for me. edit: How far is that from Detroit? I just looked 23 miles........ time to visit my sister in law & family? nah........ pass
ROI is a TLA. PennyGuy was spot-on with "Return on Investment". TLA stands for "Three Letter Acronym".
Some of my favorite tag lines for coins auctioned in 1973: "No finer example could exist" "Exceedingly rare and seldom offered for sale" "Certainly a strong four figure coin" "A treasure for it's next owner" "This coin is lustrous and desirable in all respects" and the number one tag line that I will use when my wife challenges my coin collecting habit...."Whatever I paid for it, it will seem inexpensive in the future!"
I had heard some time ago that more 1804 Silver dollars have been found and that they no longer will fetch those gazzillions. If true I pity the guy who paid 4.1 million. Then again, maybe I don't.
The last genuine 1804 turned up in England in 1962. It was not just the 1804 dollar but almost the entire set given to the King of Siam.
