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Two Dollars, $200,000 at Wisconsin Auction

The 1794 AU58 Micro Porous Planchet SEGS dollar 115000
The 1794, AU58 Micro Porous Planchet SEGS dollar, $115,000.
MILWAUKEE, WIS. - Two 1794 dollars were stars of Heritage Numismatic Auctions' May 5-8 Signature Auction at the Midwest Airlines Convention Center, garnering a total of more than $200,000.

Like many survivors of the first year mintage of 1,758 pieces, the two 1794 dollars were not problem-free. However, sharp examples such as these are coveted by collectors for their rarity and historical importance. One 1794 dollar realized $115,000. The other realized $86,250.

It was the 12th major auction Heritage has conducted as official auctioneer of the Central States Numismatic Society. Prices realized exceeded $12.3 million, which does not include the $3.4 million generated in the Heritage-CAA Central States Currency Auction.

Total sales were expected to climb well past $16 million as bidders competed for post-auction bargains and in Heritage's Central States Bullet Auction, which closed May 10 at Heritage's website.

-WD

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for 3/21/2010
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