A 1794 U.S. “Flowing Hair” silver dollar expected to bring more than $10 million went unsold at an auction in Las Vegas this October.
Certified as Specimen-66 by Professional Coin Grading Service (PCGS), the coin is believed to be the first silver dollar struck in the United States. It was one of 15 coins offered as part of the Bruce Morelan Collection during the PCGS Members Only Show on Oct. 6-9.
While it previously sold at a 2013 auction for $10 million US, the coin failed to reach its minimum bid this October and Morlean retained ownership, Matthew Bell, of Legend Rare Coin Auctions (of which Morlean is also a partner), told the Associated Press.
Of the 15 coins that crossed the block, 12 were sold for nearly $4 million US altogether.
The collection was originally valued at more than $20 million US.