Can anyone help me find out how much Byron Reed paid for his 1804 dollar?

notlogical

With some help, I found out Byron Reed brought his 1804 in 1890 at the Parmelee sale. And he paid either $400 $700? for it. I also found out that it was the least paid for an 1804
dollar.


Does anyone know how much he bought it for?

Thanks

CappedBustDimes

$570

Parmalee 1804 $1

notlogical

<< <i>$570

Parmalee 1804 $1 >>




Thanks! That's an awesome site. Can you imagine paying $570 for a 1804 dollar?

roadrunner

Wouldn't have some of the original 1804's leaving the mint in the 1834-1859 era have cost a lot less than $500? Had you offered the King of Siam $500 for his 1804 (or the whole set) in 1834 he would have dumped it so fast your head would have spun.

roadrunner

CoinHusker

The link says that it is thought an unkknown women originally bought the parmalee 1804 dollar from the Mint at face value!

Mesquite

If you translate $570 1890 dollars into 2007 dollars (assuming a 4% rate of inflation) you get ~$70,000. That coin at auction today would bring many multiples of that (I'm guessing here). I think Mr. Reed bought that coin at a real discount in 1890.