Today, gold fell to $1,564.60, its lowest level in seven months! Since a year ago, events have shifted incentives towards strengthening the U.S. dollar.
Gold futures fell to $1,596.70 today at 11:06am EST.
The 1794 Flowing Hair dollar that recently generated a world record price for a coin sold in a public auction is an example of how a combination of factors including individuals with decades each of numismatic knowledge and experience, continuing research, one-on-one consensus building and astute marketing helped a coin jump from $264,000 in 1984 to over $10 million 29 years later.
A rare 1794 American silver coin possibly touched by George Washington, Thomas Jefferson and Alexander Hamilton was sold Thursday night by an Irvine auction house for a record-breaking $10 million. The coin was previously sold by Steven Contursi of RCW Financial, for a world record $7.85 million.
At $5 billion a year, the rare-coin market is so big that when the government lays claim to some marquee pieces in private hands, the decision makes national headlines.
Steven L. Contursi, who has owned a mint-condition 1794 Liberty dollar for the past seven years, confirmed Thursday that he sold it to the Cardinal Collection Educational Foundation of Sunnyvale for $7.85 million - setting the new world record for the Most Expensive Coin.
The finest-graded specimen of America’s “most beautiful coin."
Has buying famous American rare coins gotten too easy?
Steve Contursi, President of Rare Coin Wholesalers, paid $2.76 million Friday for a 1907 gold coin that experts have called the most beautiful in U.S. currency.
ANA Money Museum Donation
