8 Rare Coins: Most coins are worth just their face value, but some are worth much more. Coin collectors search for rare coins that can be valued at thousands of dollars or even more. This article will look at eight rare coins that are highly sought after by collectors.
1. 1933 Saint-Gaudens Double Eagle
8 Rare Coins: The 1933 Saint-Gaudens Double Eagle is one of the most famous coins in history. It sold for a record $18.9 million at an auction in 2021, and its value may have gone up since then. Although 445,500 of these coins were made, none were released for circulation. Most were ordered to be melted down, leaving only 13 known to exist today. One is legally held in a private collection, making it extremely rare and valuable.
2. 1787 Fugio Cent (aka Franklin Cent)
The 1787 Fugio Cent is considered one of the earliest coins issued by the United States. This copper coin is known as the beginning of American coinage. The front of the coin has the slogan “Mind Your Business,” and the back features “We Are One,” surrounded by 13 linked rings representing the original colonies. Some believe Benjamin Franklin designed this coin. Auction prices for this coin can vary, with lower-quality examples selling for around $200, while rare high-grade specimens can fetch as much as $92,500.
3. Morgan Dollars
Morgan Dollars are highly sought after for their size, silver content, and historical appeal. Many of these coins are in near-mint condition because they were stored in government and bank vaults for many years. Here are two popular examples:
| Coin Type | Mintage | Estimated Value (MS-64) | Estimated Value (MS-66) |
|---|---|---|---|
| 1886-S Morgan Dollar | 750,000 | $1,300 | $9,000 |
| 1895 Morgan Dollar | 880 | $38,000+ | Over $100,000 |
The 1886-S Morgan Dollar is very popular among collectors. In MS-64 condition, it is valued at about $1,300. However, if it’s in MS-66 condition, the value can jump to around $9,000. The 1895 Morgan Dollar, known as the “King of the Morgans,” has only 880 made and can sell for $38,000 or more.
4. 1928 Peace Dollar
The 1928 Peace Dollar is another highly desirable coin, especially in higher grades. Its low mintage of 360,649 makes it one of the more valuable Peace Dollars. Collectors seek it for its historical significance and rarity.
5. 1909-S VDB Lincoln Cent
The 1909-S VDB Lincoln Cent is famous for having the initials of its designer, Victor David Brenner, on the back. Only 484,000 were minted in San Francisco, making it the rarest Lincoln cent. The value varies based on color. A low-grade brown 1909-S VDB may sell for around $800, while a high-grade MS65 in red can reach $8,000.
6. Liberty and Britannia Coin
The Liberty and Britannia Coin is a unique one-ounce gold coin released in limited quantities. Only 11,000 of these coins were minted, and they are sought after for several reasons. This coin represents a collaboration between the United States Mint and the Royal Mint of the United Kingdom, making it a symbol of unity between the two nations. The combination of historical significance, limited availability, high craftsmanship, and gold content makes this coin valuable. Initially available at around £2,200, it now retails for close to £3,000, or about $4,000.
7. 2023 Royal Succession Gold 1-Ounce Britannia
The 2023 Royal Succession Gold 1-Ounce Britannia was produced with Queen Elizabeth II on the reverse. Sadly, after her passing in late 2022, the number of coins produced with her image was limited to an estimated 20,000 to 30,000. This error caused the coin’s value to rise dramatically. The rarity of this coin, as the last Britannia coin minted with Queen Elizabeth II, allowed it to sell for $50,000 at auction.
Summary Table of Rare Coins
| Coin Name | Year | Mintage | Estimated Value |
|---|---|---|---|
| Saint-Gaudens Double Eagle | 1933 | 445,500 | $18.9 million |
| Fugio Cent | 1787 | Not known | Up to $92,500 |
| Morgan Dollar (1886-S) | 1886 | 750,000 | $1,300 (MS-64) |
| Morgan Dollar (1895) | 1895 | 880 | $38,000+ |
| Peace Dollar | 1928 | 360,649 | Varies |
| Lincoln Cent | 1909-S | 484,000 | $800 – $8,000 |
| Liberty and Britannia Coin | 2024 | 11,000 | Nearly $4,000 |
| Royal Succession Britannia Coin | 2023 | 20,000-30,000 | $50,000 |
Conclusion
These rare coins are more than just currency; they are pieces of history that collectors highly value. Each coin tells a unique story and reflects a part of our nation’s heritage. If you happen to come across any of these rare coins, you could hold a valuable treasure. The excitement of finding such a coin can be thrilling, as they are not just investments but pieces of art that represent significant moments in history. Collecting coins can be an enjoyable hobby, so keep an eye out for any rare finds in your pocket change!
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FAQs
What makes a coin rare?
A coin is considered rare based on its limited mintage, historical significance, and demand among collectors. The fewer coins that exist, the more valuable they can become.
How do I know if my coin is valuable?
To determine if your coin is valuable, research its history, check its mintage, and consult coin guides or experts. You can also compare your coin to similar ones sold at auctions.
Are all old coins worth a lot of money?
Not all old coins are valuable. While some can be worth thousands, others may only be worth their face value. Rarity and condition play crucial roles in a coin’s value.
How should I store valuable coins?
Store valuable coins in a cool, dry place away from sunlight. Use coin holders or capsules to prevent scratches and damage. Avoid handling coins directly with your fingers.
Can I sell my rare coins?
Yes, you can sell rare coins through auctions, coin dealers, or online marketplaces. It’s essential to have an appraisal to know their value before selling.