2016-05-26 Thu

The final bid of an 1804 Draped Bust Silver Dollar was $10,575,000 and that of an extremely rare 1822 half eagle was $7,285,000, both of which failed to reach the minimum reserved prices at an auction that was held in New York on May 24th.

The pieces were the star coins at the latest auction of the D. Brent Pogue Collection, organized in association with the Stack's Bowers Galleries. 61 coins from the collection were sold for more than $16.7 million. Most of them were non-machine manufactured currency made from 1793 to the 1830s.

The 1804 Silver Dollar was with the Sultan of Muscat in 1835 and then with the Childs Family Collection for more than 50 years. It was later was purchased by D. Brent Pogue in 1999 for $4 million.

The silver dollar Proof-68 graded coin (PCGS) features blue and gold tones and a portrait of America's Lady Liberty, with stars on the edges. It is considered to be one of the five most valuable coins in the world.

The coin was lost for decades after which it became a part of the Pogue Collection in 1982. It was only the second time in history that this coin was auctioned this Tuesday.