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
- Jewish history is under siege in the middle east and these volunteers are risking their lives to protect it
- 'Amazon should stop selling Holocaust denial books'
- National Museum of African American History and Culture Reaches Milestone of 1 Million Visitors
- What Makes a President Great? Clipping? Sipping? Slashing?
- Carla Hayden says Frederick Douglass "might have a lot to do with the fact that I am a librarian”
- Historian and Antiwar Activist Marilyn Young Dies at 79
- Trump Chooses Historian H.R. McMaster as National Security Adviser
- Holocaust Historian Deborah Lipstadt Explains Why People Believe Trump's Lies
- Princeton’s Harold James warns World War Three is now a "serious threat”
- Israeli schools' history lessons create good soldiers, says pundit