As the saying goes, a dollar ain't worth what it used to be. That is, unless it's a silver dollar from 1794.
One of these rare coins — from the first batch of dollar-denominated coins ever produced in the country — is expected to fetch $3 million to $5 million when it goes up for auction Wednesday.
It's the top lot in a sale of 104 American federal coins from the 1790s to 1830s that are part of the famed Pogue collection, being sold by Stack's Bowers Galleries.
The 1794 silver dollar is one of more than 1,750 that were minted, and roughly 100 that survived, according to Lawrence R. Stack, a founder of Stack's Bowers. Of those surviving coins, only a handful are in top condition.