1794 Silver Dollar coming to auction.... wow

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I would rather have one of the two other Choice Mint State 1794 dollars and use the excess to buy an 1802 half dime and a California gold slug. There would still be money left over.

 

Considering the $10 million was in a private sale and not a public auction, I am interested to see if the price will hold up or if it will sell for less.

 

Sorry mods for posting the contents of the article. I’ve seen some people say they’ll never click a link so I was just trying to help pass along the fun story.

 

He will buy it in if it doesn't sell for what he wants. He owns the auction company

 

Yes, but will the bids exceed the $10 million mark? If they do, even if he buy it in that means the coins value has gone above that he paid.

 

Nice commission for the auction house regardless of final price!

 

There is, of course, no way to know that.

The last time it sold, it stalled around $5M, which is still a lot of money, and was jumped to an amount that, with the juice, just beat $10M.

Can you say "HYPE?"

 

I can’t even afford to look at that coin.

 

$24 for Manhattan. And overpriced.

 

I’m with you. I remember a coin catalog I had when I was a kid where the nicer in my opinion (and theirs) of the lord St Oswald dollars was for sale for $150k. Not a bad investment I’d take that. And pick up the 84 and 85 trade dollars for good measure

 

LOL Sold the 11 trade dollars in 1983 1877 thru 1883 to Nelson and Bunkie Hunt when they were trying to corner silver market Avg. $14 k and now worth $3200 but they still own the KC Chiefs??/.
The 84 and 85 would only set you back 3 mill!

 

If I had it I would buy it but I don't so I won't end of dream!

 

The $10 million dollar sale was a private deal not at auction.

 

Great hype article

 

10 million is a lot of crazy money to burn. Buy a Diamond

 

Lol. I like that idea too

 

Crazy money.

My mind wonders to: how much money do you have to have to burn $10M on a single item?

I would guestimate into the 100s of millions.

 

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If you were worth 100m, 10m would still be 10% of your net worth.

I'da think the pool of buyers for a coin like this would be limited to professional numismatics if they think there is a possibility of profits down the line (or prestige i guess), or the uber rich- like billionaires: guy laliberte, warren buffett, dadada.

If I had a billion dollars, I wouldn't think twice about being a bidder. I'd be in it to win it.