Andrew Jackson gift bought for $8.5 millionBreaking News
Steven L. Contursi, president of Rare Coin Wholesalers, bought the set of 19th century gold, silver and copper coins from an anonymous owner described only as "a West Coast business executive," according to Donn Pearlman, the buyer's publicist.
"It's the largest single transaction for a single item ever in coin history," Contursi said. "It sounds like a lot of money, but when you put it into perspective, it seems like a good price. There are paintings going for millions."
The coins were last purchased for more than $4 million in 2001. At face value, they range from a copper half cent to a $10 gold piece, Pearlman said. A collectibles firm brokered the purchase Tuesday.
In 1836, then President Andrew Jackson presented the King Ph'ra Nang Klao (Rama III) of Siam, now Thailand, with the diplomatic gift. The Broadway musical "The King and I" fictionalized the king's son, Rama IV, who inherited the coins.
comments powered by Disqus
- Rubio Surges Into Second In New Hampshire
- Branstad Says Cruz Ran ‘Unethical’ Campaign
- Christie Highlights Santorum’s Endorsement of Rubio
- Portman Comes Out Against Trade Deal
- Megyn Kelly Gets a Book Deal
- A Big List of the Bad Things Clinton Has Done
- An Unambiguous Sign Sanders Won Last Night’s Debate
- Still Friends at the End
- Quote of the Day
- Trump Still Leads as Clinton Slips
- Clinton Can’t Shake Image as Wall Street’s Friend
- Maddow Doesn’t See Sanders Winning
- Why Does the Media Still Shield Chelsea Clinton?
- Bush Jokes His Mother May Have Abused Him
- Rubio Closes the Gap in New Hampshire
- Mary Beard, herself a bestselling author, wonders why more women historians aren't
- Princeton U. historian Imani Perry claims mistreatment in parking ticket arrest
- Retired historian George Dennison remains on the payroll at the U. of Montana while faculty are cut
- The Atlantic profiles exciting ways to teach history
- LDS Church has gone from 0 to 4 historians specializing in women’s history