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Monday, 2nd June 2008 (2003 views)

One of the first US $10 (£5) gold coins has sold at auction for $402,500 at auction, according to reports.

The coin, which dates from 1795, features a design of a small eagle above 13 leaves with Lady Liberty on the reverse, Numismatic News states.

The site says that according to the catalogue entry for the coin, "this design is particularly attractive, was used only for a few years and was inspired by an ancient onyx cameo".

Other significant sales in the auction, which was held over May 21st and 22nd, included a 1796 gold $2.50 coin - which fetched $109,250 - and a 1913 Saint-Gaudens Double Eagle gold coin, which sold for $94,300.

A 1912 "sandblast finish" $20 coin went for $92,000, while a 1867 gold $5 coin brought in $80,500. A gold ingot recovered from the wreck of the SS Central America stamped with a face value of $577.13 also sold for $80,500, the site says.

The event was organised by Stack's, an auction house founded in 1935 to specialises in the sale of rare gold coins.

 

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