Eliasberg 1870-S Silver Dollar Brings $1.3 Million

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Precious Metals Blog

Tuesday, February 05, 2008

Eliasberg 1870-S Silver Dollar Brings $1.3 Million

By David C. Harper
February 04, 2008

It is hard to drown out the drumbeat of record bullion prices, but for a time, the news of the sale of an 1870-S silver dollar for $1.3 million proved that rarity, collectibility and desirability still have a place in the American coin market.

The Eliasberg specimen of the coin is one of just 11 known. It grades AU-53 as certified by the Professional Coin Grading Service. Three of the 11 known coins are mint state.

The pedigree places the coin in what is credited as the only complete set of U.S. coins ever assembled. It was done by Baltimore banker Louis Eliasberg, who bought the coin in 1945 at auction for $1,450.

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