A rare Canadian silver dollar was recently purchased for roughly $700,000. It may sound like a lot, but the new co-owner says it’s a bargain.
This silver dollar was made in 1911 when Canada was still an emerging country, but it was never issued. It’s believed the coin was gifted to the Deputy Master of the Canadian Mint when he left his post in 1913.
The coin re-surfaced in 1960 and has been bought and sold a number of times since then.
Sandy Campbell is one of the new co-owners and says he was expecting the coin to be roughly $1.5 million.
Campbell says these types of coins will become even more historically important and valuable, as more money gets made in plastic.
This particular silver dollar was on display at the National Postage Stamp and Coin Show in Mississauga earlier this month. It was the first time the coin was on display in 30 years.