• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Must Reads

Gold coin owned by George Washington sells for $1.74MILLION at auction

This is the first time the 1792 $10 Washington President gold eagle pattern coin appeared at public auction since 1890

Joe Mellor by Joe Mellor
2018-08-17 19:11
in Must Reads
FacebookTwitterLinkedinEmailWhatsapp

A one-of-a-kind gold coin that was cherished by George Washington has sold at auction for $1.74 MILLION.

The 1792 gold eagle coin, which features the face of the first US president, is considered by historians to be “one of the most important coins in American history”.

According to Heritage Auctions, it is the earliest gold pattern coin submitted for consideration to the US Mint but was never circulated as money.

Legend states it defied the president’s own edict that his likeness not appear on any US currency to avoid him appearing as a monarch to the new democracy.

Instead, it is thought to have been presented to Washington and is believed by its previous owner to have become a cherished memento of his.

The rare coin sold for a staggering $1,740,000 (£1,365,917) when it went under the hammer in Philadelphia, Pennsylvania, USA on Thursday.

Jim Halperin, Co-Founder of Heritage Auctions, said: “Numismatic researchers widely agree it is one of the most important coins in American history.”

RelatedPosts

Ironic: Council admits it ‘must try harder’ after misspelling ‘grammar’ on sign outside school

Callous thief stole homeless man’s guitar while he slept in shop doorway

Yob who told French traffic warden she was an ‘immigrant’ found guilty of hate crime

Jail for racist woman who threatened to take out two hand guns and shouted ‘kill all the Muslims!

The sale – from which 100 per cent of proceeds will go to charity – marked the first time the $10 coin appeared at a public auction since 1890.

Since 1792, the coin has been owned by just eight elite coin collectors, who traded it privately for 128 years.

Prominent collector and author Eric P. Newman acquired the coin in 1942, and it has not changed hands since.

The coin expert died in 2017 aged 106 and is credited for creating one of the nation’s most significant coin collections.

Since 2013, more than 19,000 lots from Mr. Newman’s collection have sold for over $72.9 million at auctions conducted by Heritage Auctions.

His son Andy Newman said: “To my father, George Washington was a personal hero.

“He considered Washington’s refusal that our country’s first coinage depict his own image on it to be an emblematic example of Washington’s profound humility and willingness to put country before self.”

Classic Ferrari set to be one of the most expensive cars ever sold

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Government spending nowhere near scale required, warns John McDonnell

UK could cut its total electricity use by 1% if supermarkets put doors on fridges

What If We Got Rid Of Prisons?

Best reactions to Government’s plan to fly Union Flag from Government buildings

High exposure to mobile phone signals causes cancer tumours in the hearts of male lab rats

National Trust warns 73% of special natural sites threatened by climate change

Kent schools warned to expect closures, “lockdowns” & food shortages in wake of no-deal Brexit

Thunderball Results for Tuesday 28 December 2021 Tonight’s winning numbers

Leicester City 2-1 Chelsea: Trading Places?

VIDEO – McDonnell calls on industrial action to overthrow the Government

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.