Wednesday, 22 August 2018

'Fake' gold coin sells for $2.16 million

Mistakenly believed by its owner to be fake, a historic gold coin has been authenticated as "the discovery of a lifetime" by Sarasota's Numismatic Guaranty Corporation. It is only the fourth known surviving example of a $5 denomination coin struck at the San Francisco Mint during the California Gold Rush in 1854. It made $ 2.16m. Mint records indicate that just 268 of these coins were made in the San Francisco mint in 1854, the first year they were produced. The other known coins have a history. One is located at the National Numismatic Collection at the Smithsonian Institution in Washington, and another was stolen from the DuPont family in 1967 and has never been seen since.