A $1.00 coin is worth..well one dollar however that was not the case in Boston last week. A rare silver dollar, minted in 1794, sold for $1.2 million to an anonymous bidder. The coin is one of the first silver dollars minted in the United States. The starting bid for the treasure started at $750,000 and went up in $50k increments. Four bidders drove the up quickly.
Greg Roberts, the chief executive officer of Bowers and Merena Auctions, explained that there was a lot of anticipation leading up to the event.
“We started to see bidding activity about two weeks before the live action began with multiple bidders moving the coin from its opening bid to $750,000 where the lot opened on the live auction floor.” he said “It then quickly moved up $300,000 at increments of $50,000. When the bid hit $1 million on Saturday, the gasp from the crowd was riveting, and with two of the four bidders live in the room, the intensity was overwhelming.”
So everyone search through your couch cushions to see if you can retire a little early.