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What is the highest price paid for silver dollar and what year?
Wiki User
∙ 11y ago
In June of 2010 the finest known 1794 Flowing Hair silver dollar that is believed by several prominent experts to be the first silver dollar ever struck by the United States Mint sold for 7,850,000.00.
Wiki User
∙ 11y ago
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What is an 1867 Highland Light silver dollar worth?
I got 1 today and paid silver price from a dealer. hope that helps
What is the most expensive US rare coin?
The highest known price paid to date for a US coin is a little more than 7.8 Million dollars for a 1794 Flowing hair dollar believed to be the first one made.
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All silver certificates (not just $1 bills) were discontinued when increasing demand for silver forced the US to deregulate the metal's price. Each silver certificate represented an equal value of silver metal held by the Treasury, either in the form of coins or bullion. Silver could be used as a standard of value because the Treasury held its price constant at the now-tiny price of $1.29 per troy ounce. For example, each half dollar contained 0.36 oz of silver. Because the price of silver never changed, the half dollar's value as metal was always tied to its denomination. Similarly, a $5 silver certificate represented $5 worth of silver held by the Treasury and in fact the bill could be exchanged for that amount of metal. However when the price of silver was deregulated in the early 1960s it rose far above $1.29/oz. Speculators would "game" the connection between silver certificates and silver metal by trading the bills for metal, waiting for the price to change, selling the metal, getting their profit paid in silver certificates, trading again, waiting again, and so on. To prevent economic chaos the government ended the connection between silver metal and money, both coins and bills. To prevent people from melting coins and selling them for far more than their face value, the government changed their composition to the current copper-nickel "sandwich" coins we use today. Similarly, the Treasury stopped redeeming silver certificates for metal and ended the requirement that they be backed dollar for dollar. That action meant silver certificates were no different economically from Federal Reserve Notes, so there was no longer any need to print two separate types of currency.
What is the highest priced penny?
Assuming you're referring to a US cent rather than a British penny: 1793 LARGE CENT - FLOWING HAIR - STRAWBERRY LEAF - SHELDON NC-3 - ANR 09/2004:130 - $414,000 This is the highest price paid that I can find.
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The highest price ever paid for a 1 cent coin is 1.7 Million dollars in June of 2010 for the only known example of a copper 1943-D Lincoln cent.
What was the highest price ever paid for a 1890 Morgan silver dollar?
The highest value today is about $45,000.
What is an 1867 Highland Light silver dollar worth?
I got 1 today and paid silver price from a dealer. hope that helps
Highest price paid for philatelic item?
The highest paid philateic item paid for is $100,000
Is top dollar slang?
Yes, "top dollar" is a colloquial term that means the highest price or amount of money that can be paid for something. It is often used informally in conversations or business negotiations.
What is the highest amount paid for a 2 dollar bill?
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What does the idiom 'top dollar' mean?
The highest amount paid for
What is the highest price paid for a football card?
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Why does the price of Silver change on a daily basis?
The price of silver can fluctuate by up to 37pence a daily basis, depending on how the market is. If silver is selling for a,lot the demand is high so the price paid will be higher, whereas if silver is selling for less then the demand is lower so the price paid reflects this.
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