Coins

9 Of The Worlds Most Valuable Coins | Bankrate

Finding a hidden treasure in an old dresser drawer or in the attic is the stuff of dreams. so is rummaging through your coin jars and finding a rare one worth a lot of money. Getting rich is a long shot for people who have amassed a sizable coin collection, but you may still be able to find some loose change worth more than you’d expect.

Many of the coins in the list below are probably not hiding in your attic, as they are extremely rare, but not all of them are very expensive either. some more recent examples (coins from the 20th century) can be relatively affordable and are more likely to be hidden somewhere quiet or in a safe deposit box at your parents’ bank.

Reading: What is the most expensive coin

Before you run out and buy these coins, if you have a million available to buy some of them, you’ll want to hear from an expert coin collector, a numismatist as they are called.

educate yourself, beware of fakes

“Coins are both a hobby and [an] investment,” says warren zivi, chief numismatist and president of american rarities, a boulder, colorado-based coin dealer. “You have to make good decisions in what you choose.”

For those new to the field, it’s important to understand what your goal is: to have some fun with your collection as a hobbyist, or to try to make some money as an investor.

either way, says zivi, you want to know what you’re doing. her motto for new entrants to the field is “buy the book before you buy the coin.” The book she refers to is “A Guide to United States Coins,” known among experts as the “Red Book.” also recommends a subscription to coin world, which includes current information on the state of the industry.

zivi says that there is now a lot of misinformation on the internet about coins, with scammers taking a common coin and trying to sell it as a valuable coin on an auction site.

“There are lots and lots of fakes,” he says, so it’s important to have access to expert knowledge, especially when you’re starting out, to know if what you’re buying is really authentic. still, it can be difficult to spot a fake, even for professionals.

“Recently, two people sent us coins graded by a nationally recognized grader and they turned out to be fake,” Zivi says.

The more valuable coins offer the potential for higher profits for scammers, of course, but such coins are also very rare. Even if you’re not paying millions of dollars for a coin, you want to know you’re getting what you pay for.

“It’s easier than ever to get feedback on authenticity and valuation,” says Zivi. “Buyers or sellers can submit images or even entire collections.”

9 of the most valuable coins in the world

Below are some of the world’s most valuable coins, but not all of them are limited to museums and wealthy private collectors. a couple of these could show up on your couch cushions.

1. the 1794 loose hair silver dollar

The 1794 Wavy Hair Silver Dollar may be at the top of the rankings for the most expensive coin ever sold, at least for now. Some experts believe it was the first silver dollar ever struck by the US. uu. mint. The front features the profile of Lady Liberty with flowing hair, while the reverse features an American eagle. Fewer than 1,800 of these coins were produced, and one expert estimates the number of remaining coins to be between 120 and 130, making it quite rare.

The coin sold at auction for just over $10 million in 2013.

2. the brasher doubloon of 1787

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The Brasher Doubloon was made by Ephraim Brasher, a New York City goldsmith and silversmith, in the late 18th century. the obverse of the coin features a state seal with a rising sun, while the reverse features the American eagle with a shield. the coin is already rare, but certain versions have fetched a variety of prices, depending on their specific characteristics.

In a 2011 sale, a version of the doubloon with brasher’s eb signature on the chest sold for nearly $7.4 million. A 2018 private sale of another eb-signed doubloon on the bird’s wing sold for more than $5 million, according to Coin World. at a third auction in January 2021, another brazen doubloon fetched $9.36 million.

3. the fugitive cent of 1787

The Fugian penny hasn’t set the kind of astronomical records like the first two coins on this list, but it can still be an expensive collectible and has an interesting history. The Fugian cent, also known as the Franklin cent, after founding father Benjamin Franklin, may have been the first coin to circulate in the newly formed United States.

In keeping with franklin’s humour, the coin features a sun and a sundial with the latin motto “fugio”, suggesting that the sun and time fly. At the bottom, the coin reads “mind your own business”, an invocation for the bearer to literally pay attention to his business affairs. the reverse of the coin has the motto “we are one” with 13 links in a chain to symbolize the first 13 states of america.

zivi suggests that you could buy a fugio penny for a few hundred dollars, making it relatively affordable for a coin with such an interesting history. coins in better condition can fetch a few thousand dollars and perhaps as much as $10,000, while extremely rare variants can sell for tens of thousands.

4. the Umayyad gold dinar of 723

The 723 Umayyad Gold Dinar is one of the most precious Islamic coins and was minted from gold mined at a site owned by the Caliph. The coin bears the mark “Mine of the Commander of the Faithful” and is the first Islamic coin to mention a location in Saudi Arabia. About a dozen examples of the coin exist, according to experts.

In 2011, the coin sold for 3.7 million pounds (about $6 million) at auction, the second most expensive ever sold at auction. in 2019, another version of the coin was sold for the same amount in pounds, but the dollar value came to about $4.8 million.

5. 1343 edward iii florin

another of the most expensive coins in the world is an old one and a golden one. The 1343 Edward III Florin is only one of three gold coins known to exist. Two examples are in the British Museum in London, both found in the River Tyne in 1857. The third coin was found by a prospector with a metal detector in 2006.

The obverse of the coin shows King Edward III on his throne with two leopard heads on either side, while the reverse shows the royal cross within a four-leaf clover. Due to its design, the coin is also known as the Double Leopard.

The coin found in 2006 sold at auction for £480,000, or about $850,000, a record at the time for a British coin. the coin is now estimated to be valued at around $6.8 million.

6. the 1943 lincoln head copper penny

Here’s another coin you might find inside a dresser at some point, and it’s the conditions surrounding its production that make the 1943 Lincoln Head Copper Penny interesting and valuable.

While pennies were normally made of copper and nickel, the us. uu. it needed the metals for the war effort, so the mint began using steel to produce the coin. but he still mistakenly struck a batch of copper pennies, possibly because blanks were left in the press when the mint began making new steel pennies. experts estimate that about 40 of these pennies exist, though some say fewer than 20 examples remain.

The United States Mint says that these coins are frequently counterfeited due to the relative ease of plating steel pennies with copper and altering the date on coins minted in 1945, 1948 and 1949. But to see if the coin is really steel, you can see if it sticks to a magnet.

while a regular 1943 steel lincoln penny can fetch 30 to 40 cents (again, about 30 to 40 times face value), special copper versions fetched $204,000 at auction 2019. This specimen of the coin had been in the possession of a man for about 70 years since childhood after he found it in his school cafeteria.

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The record sale price for a version of this coin is $1.75 million at auction in 2010, according to coin week.

7. the 2007 $1 million Canadian Gold Maple Leaf

The $1 million Canadian Gold Maple Leaf coin is a novelty coin, if ever there was one, and tips the scales at a whopping 100 kilograms or about 220 pounds. only six of the near-pure gold coins have been made, as of February 2022, and each has a face value of $1 million. they were used as a promotional showpiece for the mint’s one ounce gold maple leaf coins.

In October 2007, the Guinness Book of World Records certified the coin as the world’s largest gold coin. The obverse of the coin features Queen Elizabeth II, while the reverse features a Canadian Maple Leaf. the coin is about 20 inches (50 centimeters) wide and just over an inch thick.

The coin sold at auction in 2010 for €3.27 million, or just over $4 million at the time.

8. 1913 liberty head v nickel

This coin is not as old as some on this list, but that doesn’t stop it from being among the most valuable. in fact, it is one of the rarest coins in existence. the United States. minted the liberty v nickel coin from 1883 to 1913, but only five coins were minted in the last year’s vintage.

Since 2000, specimens of the coin have hit the auction block a handful of times and fetched several million dollars. one version reportedly sold for $4.15 million in 2005 and later sold for $5 million in 2007. another specimen hit the market for more than $3.7 million in 2010, while another traded for $3.7 million. 4.56 million in 2018.

If you can’t find enough nickels to buy one, you may be able to see one of the coins in a handful of museums, including the Smithsonian Institution.

9. morgan silver dollars

Morgan silver dollars are not especially rare per se, but some of the rarer vintages can fetch very high prices. Even if it doesn’t have one of the darker versions, the Morgan is simply a beautiful item with the solid feel of a well-balanced coin that is 90 percent silver.

A “run-of-the-mill” morgan should fetch at least $20, which is a guideline, given its silver content and the price of the precious metal. however, the following morgan specimens can provide quite a bit more than that, but pay attention to the mint mark, an alphabetic mark on some coins:

  • 1893 s morgan
  • 1901 s morgan
  • 1889 cc morgan
  • 1884 s morgan
  • 1893 s morgan

Each of these could fetch between $100,000 and $550,000, if in mint condition, according to cointrackers. and there are still other versions of the morgan silver dollar that can be traded for tens of thousands of dollars.

If you like the look of the Morgan Silver Dollar, it won’t cost you much to buy one of the more common specimens and then you can own a piece of history without the high price tag.

Bonus: Look in your change bins for these pre-1964 US silver coins

Today’s “silver” coins aren’t actually made of silver, but these low denominations once were! Silver coins minted before 1964 contained 90% real silver, and of the coins on this list, you’re most likely to find them floating around your house or an old garage, in a shoebox or a tin can. coffee.

Such coins include the Morgan dollar, the Mercury dime and even Washington quarters, Zivi says.

While some of these coins may have collectible value regardless of their silver content, such as some of the morgans, the value of common coins is increased by their bullion value. Some speculators focused on owning real silver may purchase these coins for their precious metal content, rather than their collector’s value.

end result

Coin collecting can be a fun hobby as you collect and sift through the coins. But don’t forget that making money from collectibles also creates a tax liability. So before you decide to turn your hobby into a business, even a side job, consider what taxes you’ll need to pay on your earnings. Unfortunately, a 28 percent collectibles tax rate can be higher than rates on stocks and other financial assets.

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more information:

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