- April 8, 2020
- Posted by: pawnusa
- Category: blogs, Pawn USA
More and more people are becoming fascinated with old coins. To some, it is just a hobby that would ease all their stress as they are watching all the coins they collected from different countries. To some, it is just a simple pastime that makes them happy. Coins from every era gives you a glimpse of all the happenings and important events during the time when the coins were created. It provides a unique tour of different civilizations and societies held culturally significant. From the languages spoken in different geographic locations and to what metals are valued during the time.
However, coin collection or being numismatics requires both time and effort. Whether you are interested in learning more about the colorful stories behind each coin or simply enjoy the thrill in hunting for rare pieces from a bygone era, coin collecting can be both a fulfilling and profitable hobby. Here are the top 5 rare coins that you will probably want to include in your collection.
- 1974 Flowing Hair Dollar
Experts believe the coin was the first silver dollar coin struck by the U.S. Mint, and the finest coin of its time, in existence today. The 1974 flowing hair dollar is also an important coin historically, as it was the first dollar coin standardized across the country. The face value of the coin during 1974 was only one dollar. However, in 2013 when the money was discovered to be valuable, it was auctioned in the Stack’s Bowers Galleries and the price realized reached up to 10 million dollars.
- 1913 Liberty Head Nickel
An extremely small quantity of the 1913 Liberty Head nickel was produced by the United States Mint, making it especially valuable to today’s collectors. It is so rare that only five 1913 Liberty nickels are known to exist today. Two of these coins are currently housed in museums and the other three are privately owned. The face value of 1913 Liberty Head Nickel is .05 dollar but by the time it was sold in 2013, the price realized had reached up to 3.1 million dollars.
- 1870 S Seated Liberty Dollar
The 1870 S Seated Dollar is an intriguing coin for there is no official record of this coin existing; though 11 traced specimens were reported to exist. Of the 1870s Seated Liberty Dollars, coins with the San Francisco mint mark are the most priced type. Face value is one dollar, but sold to 1.3 million dollars in 2018.
- 1927 D St Gauden Double Eagle
In 1933, President Roosevelt recalled all the dollar coins. This declaration meant that all dollar coins in circulation and in the banks’ vaults will be converted into gold bars. 180,000 of these coins were originally melted. However, some 11-15 pieces remain today, thus making their price to 1.65 million dollars.
- 1838 O Capped Bust Half Dollar
The genesis of the said coin coincides with the start of the New Orleans Mint. It is believed that there were only 20 coins originally made and only 9 survived to the present day making the coin extremely valuable that its price reached 493,500 million dollars.
While valuable coins range in type, historical significance, and price, understanding what makes a coin valuable will help both established and emerging coin collectors alike build well-rounded collections.