NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
Stack's Bowers Sells Silver Dollar for $4.5 Million
November 17, 2025
As we are witnessing this historical run on precious metals, rare coins have continued to take a backseat to bullion related material. But the rarities market has been slowly strengthening, albeit mostly at lower levels. The Stack's Bowers Galleries recent auction exemplified the depth and character of rare coin collecting and we saw some quality coins sold for respectable prices, and some at new all-time highs. Stack's Bowers hosted lot viewing at the recent Whitman Baltimore Expo with the sale taking place in California last week.
Most recently, Gold and Silver reached their all-time highs at nearly $4,400 and $54 an ounce, respectively, but have since settled back to their current $4,078 and $50.95. The general consensus from most dealers is that bullion is certainly the top priority of most buyers in the current market, however, early rarities, especially Gold coins, are still in high demand from most dealers, collectors, and investors. The results from this sale indicate that there are still plenty of resolute buyers for rarities when they are available in the marketplace.
1794 Flowing Hair Dollar certified by PCGS MS63+ with CAC and CMQ
The top rarity in this sale was the 1794 Flowing Hair Dollar. It was the first Silver Dollar ever to be authorized and struck. It is obviously quite rare with only 1,758 coins originally minted and it is estimated that less than one hundred and fifty are known to exist in all grades. There are only eight coins certified by PCGS and NGC in all the Mint State grades with the highest certified by PCGS at MS66+. This PCGS MS63+ with the CAC sticker, and the CMQ sticker as well, brought $4,500,000. This same coin was originally certified by NGC as MS64, and it realized $1,207,500 at auction back in 2010.
1794 Flowing Hair Dollar PCGS MS63+ CAC CMQ sold for $4,500,000 in Stack's Bowers Galleries November 2025 Showcase Auction in Costa Mesa, California, November 10-14, 2025
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