Valuable Coins in the World: Have you ever thought that one of those coins in your old drawer, safe, or collected in your childhood could be worth millions of dollars? It sounds nothing less than a dream, but in the world of rare coins, it is completely possible.
Many people consider coin collecting as just a hobby, but for some, it proves to be a great investment. The right collection and proper valuation of rare coins can make you the owner of priceless treasures. If you are interested in this field, it is important to know whether you want to pursue it as a hobby or want to earn profit by investing in it.
Warren Zivy, who is the chief numismatist (coin expert) of Colorado-based ‘American Rarities,’ says that, “Selecting the right coins is very important to get good profit.”
But Zivy’s advice for newcomers in this field is, “First buy the book, then the coin.” By this book, he means “A Guide Book of United States Coins” (Red Book), which is considered the bible for coin collectors.
Can you have a hidden rare coin?
If you are thinking that such valuable coins are found only in collectors or museums, then this is not true. Some coins are not so rare and they may be hidden in your collection of old coins.
But keep one thing in mind – the market is full of fake coins. Many people try to sell common coins as rare coins. Therefore, it is very important to take expert advice to check the authenticity of any coin.
Now let us know about the 9 rarest and most valuable coins in the world, which can be worth millions.
9 most valuable coins in the world
1. 1794 Flowing Hair Silver Dollar – $12 million (Auctioned in 2022)
This coin is believed to be the first silver dollar minted in America. It has a portrait of Lady Liberty on the front and the American Eagle on the back.
The rarity of this coin can be gauged from the fact that it was sold for $12 million at an auction in 2022.
2. 1787 Brashear Doubloon – $9.36 million (Auctioned in 2021)
A goldsmith named Ephraim Brashear made this coin in 1787. It has two types of versions – one has the mark “EB” on the bird’s chest, while the other has it on the wings.
In 2021, this coin was auctioned for $9.36 million.
3. 1787 Fugio Cent – America’s first coin
This coin dates back to the time of America’s first President Benjamin Franklin and is considered to be America’s first circulated coin.
It had “Fugio” (time is flying) and “Mind your business” written on it. This coin can sell for thousands to millions of dollars.
4. 723 Umayyad Gold Dinar – $6 million
This coin is one of the rarest coins in Islamic history. It was made from gold obtained from a mine owned by the Umayyad Caliphate.
This coin was auctioned for $6 million in 2011 and 2019.
5. 1343 Edward III Florin – $6.8 million
Also known as the “Double Leopard.” Only three of this coin are left – two are in the British Museum and the third was discovered in 2006.
It is valued at around $6.8 million.
6. 1943 Lincoln Head Copper Penny – $1.75 million (auctioned in 2010)
In 1943, during World War II, the US government replaced all copper coins with steel. But by mistake some copper coins were also made.
This coin is so rare that an edition in 2010 sold for $1.75 million.
7. 2007 $1 Million Canadian Gold Maple Leaf – $4 Million
This coin is made of 100 kg of gold and has a diameter of 50 cm (roughly 20 inches). It is the heaviest and largest gold coin ever minted.
It was sold for $4 million in 2010.
8. 1913 Liberty Head V Nickel – Up to $5 Million
Only 5 coins were minted in 1913, and their value has reached $4-5 million at auctions.
If you get this coin, you could become a millionaire overnight!
9. Morgan Silver Dollar – Up to $550,000
Although this coin is not very rare, some special editions are very expensive. Such as –
- 1893 S Morgan
- 1901 Morgan
- 1889 CC Morgan
Some of these coins can cost anywhere from $100,000 to $550,000.
Conclusion – Do you have a rare coin?
If you find something in an old heirloom or grandparent’s coin collection, don’t ignore it! That coin may change your life.
If you find an old or unusual coin, get it certified immediately by an expert (PCGS or NGC) and find out its real value.
Do you have a priceless coin? It may make you a millionaire!
FAQs
Q. How do I know if a coin is rare and valuable?
A. A coin’s rarity and value depend on factors like its mintage, historical significance, condition, and demand among collectors. Consulting a professional numismatist or using resources like the “Red Book” can help determine its worth.
Q. Where can I sell rare coins?
A. Rare coins can be sold through online auctions, coin dealers, numismatic shows, or platforms like eBay and Heritage Auctions. Always verify the buyer’s reputation before selling.
Q. How can I avoid buying fake rare coins?
A. To avoid counterfeit coins, buy from reputable dealers, get coins graded by certified agencies like PCGS or NGC, and educate yourself about common forgeries.
Q. Are old coins always valuable?
A. Not necessarily. While some old coins are highly valuable, others may only be worth their face value or metal content. Rarity, condition, and historical significance play a big role in determining value.
Q. Can I find valuable coins in my pocket change?
A. Yes! While extremely rare coins are unlikely to be found in circulation, valuable error coins, silver coins, and certain older coins can still turn up in everyday transactions.