Rare 1794 silver dollar goes unsold at auction in Las Vegas
LAS VEGAS (AP) - A 1794 silver dollar, considered one of the first minted in the United States and considered the most valuable, was not sold during a public auction in Las Vegas.
Legend Auctions CEO Matthew Bell said bids for the coin known as the Flowing Hair Silver Dollar had not reached a minimum bid and Bruce Morelan of Las Vegas kept the ownership.
Morelan sold 12 rare coins during Thursday's event at the Bellagio Resort, grossing nearly $ 4 million.
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Coin collecting experts had believed the Flowing Hair coin could sell for more than the $ 10 million Morelan spent on the purchase in 2013.
The coin features images of Lady Liberty with stars on the obverse and an eagle on the reverse. Another image of Lady Liberty was adopted for silver dollars from 1795.
Experts say the coin is one of perhaps 300 original silver dollars remaining under 1,758 struck in one day at the first U.S. mint in Philadelphia.
It was certified as authentic and its previous sale exceeded the $ 7.59 million a collector paid in 2002 for a US $ 20 gold double-headed eagle coin in 1933.
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