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The silver dollar, one of only eight of its kind, was snapped
up at auction on Friday in Baltimore. It was one of more than
200 coins sold at the event.
The auction series, beginning in 2015, generated a total of
nearly $107 million in sales, according to Stack's Bowers
Galleries, which conducted the auctions along with Sotheby's.
The collection belonged to Dallas real estate developer Mack
Pogue and his son Brent, who had collected coins since the
1970s. Coin dealers Kevin Lipton of California and John Albanese
of New Jersey jointly bought the prized silver dollar, Donn
Pearlman, a spokesman for the two men, said in an email.
"In coins, everybody's heard of the 1804 dollar, it's what I
call the ultimate trophy coin," said Q. David Bowers, co-founder
of Stack's Bowers Galleries.
The coin is emblazoned with the bust of a woman with flowing
hair who represents liberty. Minted by the U.S. government, it
was intended as a gift for foreign heads of state.
Brent Pogue began collecting coins in 1974 when he was a
teenager and later brought his father into the enterprise.
The first coin the younger Pogue bought was at an auction of the
trove that belonged to railroad scion T. Harrison Garrett. In a
fitting finale of the Pogue Collection auctions, the last sale
was held at the Garrett family's former mansion at Johns Hopkins
University, Bowers said by phone.
Mack and Brent Pogue's collection consisted of more than 650
pieces. The father and son sold them because "the thrill of the
chase" of being collectors had passed and they wanted to move
on, Bowers said.
Even before Friday's sale, the Pogue auctions had already
surpassed the value of what had been the record-setting sale of
the collection amassed by late dealer and collector John J.
Ford.
(Reporting by Alex Dobuzinskis in Los Angeles; Editing by Tom
Brown)
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