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The E-Sylum:  Volume 9, Number 7, February 12, 2006, Article 13

PARMALEE 1844-O PROOF EAGLE TRADES HANDS

According to an article published today in The Advocate,
"A Louisiana businessman has purchased for $1.5 million
an extremely rare coin minted in New Orleans in 1844.

The coin is a Proof 65 1844-O $10 gold piece - probably
made as a gift for someone of importance - and is listed
in the "100 Greatest U.S. Coins" at No. 39."

"Even though it was created 46 years earlier, not many
people knew the $10 gold coin existed until it was listed
in an auction book in 1890, Bloomfield said.

The coin belonged to Lorin Parmelee, who had one of the
largest collections of rare coins at the time."

"In 1890, the coin sold at auction for $16. The $5 companion
piece sold for $9.50. This is the last known time that both
coins were together.

The $10 coin resurfaced in 1911, as part of the William
Woodin auction, and sold for $50."

"Like its $5 companion piece, the $10 coin had disappeared
until recently."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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