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Beverly Hills coin dealer pays $1.2 million for antique silver dollar
Friday August 01, 2003BEVERLY HILLS, Calif. (AP) It had a face value of only a dollar, but an antique silver coin fetched more than $1.2 million at auction.
Beverly Hills coin dealer Kevin Lipton paid $1,207,500 for the 1804 dollar coin at a Baltimore auction Thursday night, according to a statement from the auction organizers, Louisiana-based rare coin dealer Bowers and Merena.
The coin is one of only 15 known to exist because there were actually no silver dollars made that year they were minted later with 1804 dates as souvenirs, the coin dealer said.
The dollar coin was formerly owned by businessman Amon Carter, longtime publisher of the Fort Worth Star-Telegram. It was purchased by a Tiburon collector for $874,000 two years ago.
Only about a dozen rare coins have been publicly sold for more than $1 million, Bowers and Merena said.
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