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1822 Half Eagle Sells for $8.4M
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<p>[QUOTE="johnmilton, post: 7310856, member: 101855"]The story around the 1822 half eagle is far less compelling than the one around the Specimen 1794 Dollar. The 1822 gold piece had a limited mintage, which may have all been shipped to Europe, where virtually all of the coins were melted. That’s not exciting, at least for me. All of the half eagles from that era suffered a similar fate and are very scarce to rare. </p><p><br /></p><p>The 1794 Dollars were the first examples of the United States flagship denomination. The $10 million coin is said to be a special striking that might have been the first one made. Subsequent pieces were not as well struck because the dies were misaligned in the press. Overall the press was too small to strike a coin of that size. After the 1794 coins were made, the mint did not strike any more dollars until June 1795 when a new, larger press was available.</p><p><br /></p><p>Also the buyer of the 1794 Dollar jumped the bid beyond the next normal increment when he bought it. That might have pushed up the record price.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 7310856, member: 101855"]The story around the 1822 half eagle is far less compelling than the one around the Specimen 1794 Dollar. The 1822 gold piece had a limited mintage, which may have all been shipped to Europe, where virtually all of the coins were melted. That’s not exciting, at least for me. All of the half eagles from that era suffered a similar fate and are very scarce to rare. The 1794 Dollars were the first examples of the United States flagship denomination. The $10 million coin is said to be a special striking that might have been the first one made. Subsequent pieces were not as well struck because the dies were misaligned in the press. Overall the press was too small to strike a coin of that size. After the 1794 coins were made, the mint did not strike any more dollars until June 1795 when a new, larger press was available. Also the buyer of the 1794 Dollar jumped the bid beyond the next normal increment when he bought it. That might have pushed up the record price.[/QUOTE]
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