What annual rate did coin appreciate from its first minting

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Reference no: EM131546818

A coin that was featured in a famous novel sold at auction in 2014 for $8,406,000. The coin had a face value of $15 when it was issued in 1787 and had previously been sold for $265,000 in 1975.

At what annual rate did the coin appreciate from its first minting to the 2014 sale?

Reference no: EM131546818

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