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.
Stanford Coins and Bullion of Houston
sold the coin to Certified Acceptance Corp., a New Jersey
firm founded by John Albanese.