Somebody is still making money on Wall Street and he used “in the area of $1.5 million” of it to buy an MS-63+ 1794 silver dollar.
Seller is Legend Numismatics, Inc., of Lincroft N.J.
The coin was once part of the Cardinal Collection Educational Foundation holdings and then owned by Bruce Moreland.
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“The new owner of the 1794 dollar is a lifelong collector and a major Wall Street executive,” said Legend President Laura Sperber. “He now focuses on high-grade, early type coins and he thinks rare coins are a good value today. He does not believe prices are maxed out for the rare and higher-grade early pieces.”
She said this is the seventh collector to buy a coin or set from Legend for $1 million or more.
The coin is graded by the Professional Coin Grading Service as Secure Plus™ MS63+ and it is stickered by Certified Acceptance Corp.
Mintage is 1,758 and roughly 150 survive.
Sperber also reports that Legend has paid $2.5 million for a 2,000 piece collection of high-grade 20th century coins. She calls it the Dakota Collection.
The seller of the Dakota Collection is also anonymous. “He’s only selling now because he is preparing to retire,” Sperber said.