Thursday, October 4, 2007

Anonymous pays $5M for 1804-dated rare $10 gold coin made for President Andrew Jackson

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The obverse (front) of one of the four known 1804 U.S. $10 gold coins

A rare $10 gold coinmade for President Andrew Jacksonto give as a diplomatic gift during trade missions to Asia was sold Thursday for a record $5 million to an anonymous collector by Albanese Rare Coins, Inc. of Albion, New York. The 1804-dated Eagle coin— which was actually struck in 1834 at the Philadelphia Mint — is one of only four surviving examples of the special coin.

The pristine-condition coin depicts a turban-wearing symbolic "Miss Liberty" surrounded by 13 stars representing the original 13 colonies. The word "Liberty"is near the top of the coin and the date 1804 at the bottom. The reverse shows a spread-winged eagle surrounded by the words, "United States of America."

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