Ever Heard of a 5 Million Dollar Dollar?

By | September 1, 2015
Five million dollar dollar?

Five million dollar dollar?
(Courtesy of CNN Money)




Have you ever heard of a five million dollar dollar? If not, check this out: It’s a 1794 US silver dollar, a rarity form the famous Pogue collection. According to a recent CNN Money article, this coin is one of the few remaining from the country’s very first minting of dollars. It is believed that this special coin will fetch from $3 million to $5 million dollars when it is put up for auction in New York City on September 30,2015. CNN Money goes on to say that “There are only 150 of the coins known to exist, and this is one of the three best preserved; it’s the kind of thing coin connoisseurs dream about”.

The Famous Pogue Coin Collection

The Pogue Collection, a Texas property developer’s treasured collection of early American coins, could be one of the most singular coin collections in the world. This valuable collection has been gathered over more than 30 years by Texas property developer A. Mack Pogue and his son, D. Brent. It is considered one of the most valuable collection of early American coins, dating from the 1790s to the late 1830s, in private hands.

Your Silver Dollar Collection

Morgan Silver Dollar

Morgan Silver Dollar

Unless you are a very wealthy individual, super rare coins such as these are probably beyond your means. Other US Silver Dollars are less rare, more readily available, yet still make great numismatic pieces. The Morgan Dollar, produced from 1878 to 1904 and again in 1921, and the Peace Dollar, minted from 1921 to 1928 and from 1934 to 1935, are both gorgeous coins and can be had for very good prices.

Have a good look at the offerings from our preferred broker for collectible US coins, Golden Eagle Coins:


You’ll be able to find high-quality US silver dollars from Golden Eagle Coins for as low as $33 or better at current prices.

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8 thoughts on “Ever Heard of a 5 Million Dollar Dollar?

  1. Eric

    I would like to have a couple of these coins in my drawer! I have been interested in getting into the precious metals market. With the economy these days, it would feel good to have something tangible in my possession. What percentage of one’s net worth do you recommend be in precious metals? Thanks

    Reply
    1. Mike Post author

      Hello Erik, Thanks for visiting. There are no real hard-and-fast rules for the percentage that one’s net worth ought to be in precious metals. It has to be individually tailored. There are, however, some guidelines to think about. First off, are you a collector or investor? If you are a collector, then your budget for your collections will guid the amount you purchase. If, on the other hand, you are an investor, then you would want to consider your net worth, your existing portfolio, and your outlook for gold and silver. By no means would anyone recommend a 100% investment position in the precious metals. A 5-15% weighting is much more realistic for some.

      In your case, looking for something tangible in your possession, I have to recommend Golden Eagle Coins. Great selection, good prices and something even for a modest budget. Let me know if you make a purchase from them and whether you are pleased or not.

      Reply
  2. Jillian

    Wow, how interesting! I could never afford this of course, but I’m amazed that such a coin exists and is going to go for so much money on the 30th! Thanks for following current events on your page, that really keeps your website up-to-date and informative. The information is awesome!

    Reply
    1. Mike Post author

      Thanks Jillian. Yes, it is amazing that a few exceedingly rare old beautiful coins are still in existence. Thanks for your interest and visit again soon.

      Reply
  3. Brandon

    Wow a $5 million dollar coin that is very impressive. Its like hitting the lotto if you get your hands on one of these. Makes you think about how investing in gold and silver for the long run. May take years but one day it will be a pretty fortune.

    Reply
    1. Mike Post author

      Hello Brandon and thank you for commenting. These are the rarest of the rare as far as coins go. They fetch top dollar because so few of them were minted and they are highly sought after by the elite coin collectors.

      Reply
  4. Clare

    Gosh, I certainly had not heard of a 5 million dollar dollar!
    Diversifying any investment portfolio with some precious metals can certainly be a good plan. Many investors like to have some physical precious metals in their possession as well as using ‘paper’ metals to hedge some of their trading positions.
    I find the collectibles very fascinating.
    Thank you for a very entertaining article.

    Reply
    1. Mike Post author

      Hello Clare,

      I appreciate your comments and think you are quite correct – having some physical gold and silver, either a coins or bullion, is a good idea.

      Reply

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