News Column

National Collector's Mint​: $10M Coin Sale Draws Attention of Collector Community

Feb 28 2013 12:00AM

Marketwire

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PORT CHESTER, NY -- (Marketwire) -- 02/28/13 -- National Collector's Mint is a critical player in today's commemorative and collectible coin industry, and as such, the company is keenly aware of news and happenings from the world of coin collection. In particular, the company's attention has been drawn to a report of a record-setting coin sale, held just recently and capturing the imagination of coin collectors from across the country. National Collector's Mint has issued a new statement to the press, commenting on this historic rare coin sale.

The sale in question involves a 1794 "Flowing Hair" dollar -- believed by many scholars and experts to be the very first silver dollar ever coined by the U.S. Mint. The incredibly rare coin was sold for a sum of some $10 million, just last month.

The sale is big news among coin enthusiasts, and, according to National Collector's Mint, it is reason to celebrate. "At National Collector's Mint, we are always excited by a record-setting coin," opines the company, in its new press statement.

The company goes on to make an important announcement. "We believe the public is excited, as well," says the company's press statement. "We'll test out that notion by trying to re-market our recreation of the 1794 Silver dollar to the general public, focusing on the story of this sale and highlighting the best aspects of the original, like the fact that many experts believe it to be the very first silver dollar ever minted by the U.S. Government."

The Flowing Hair coin is so named because of the image that adorns its front side -- but in addition to its iconic imagery and historical importance, the coin has become well-known in the world of coin enthusiasts simply because of the high price it fetched -- a high price that could potentially have implications for future coin sales.

Indeed, the MarketWatch report of the Flowing Hair coin sale notes that many coin enthusiasts hope this major sale foreshadows similarly prices at future coin sales and auctions. The $10 million sum was the first eight-digit figure ever fetched at a U.S. coin auction -- and in fact, it bests the previous record, of $7.6 million, significantly.

National Collector's Mint, based in New York, is a major producer of collectible and commemorative coins; the company is one of the largest private coin sellers in existence.

ABOUT:

National Collector's Mint is an internationally respected coin and collectibles company, headquartered in Port Chester, New York. The company was founded in 1991, and since then has grown from a two-person operation into an enterprise of more than 50 employees. The company's spokespeople include former U.S. Congressman Barry Goldwater, Jr. and Angela Marie (Bay) Buchanan, the 37th Treasurer of the United States. National Collector's Mint is not affiliated with the U.S. Treasury Department but is one of the largest private coin sellers in the nation. National Collector's Mint is well-regarded for its high-quality commemorative coins and collectibles, always designed to meet the highest standards of quality and often including fine, precious metals. The company is known to coin collectors throughout the world.



Source: Marketwire


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