The coin world i.e. Numismatics is not only a passion for collection, but it is also a lovely blend of history, culture and wealth. There are certain coins in this domain which make your eyes wide open. These coins are so historical and rare that their worth today is estimated to be as much as 96 million dollars (approximately Rs 800 crore). Let’s learn about these five invaluable coins, whose history is attached to the pages of history.
1. 1794 Flowing Hair Silver Dollar
It is America’s first silver dollar and this makes it special. The portrait of Lady Liberty appears on it, whose hair is open. During the year 1794, roughly 1,750 of these coins were struck, out of which only **less than *150* now exist.
- It is said to be the first American silver dollar.
- It was auctioned in 2013 for a value of $10 million.
- As estimated by experts, a totally safe specimen can be valued up to $96 million.
2. 1933 Double Eagle
This coin is one of the most enigmatic coins in US history. When America abandoned the gold standard in 1933, this coin never entered the market. The majority of the double eagle coins were melted down, but some survived, one of which was sold for \$7.59 million in 2002.
- This is a $20 gold coin that was designed by the renowned designer Augustus Saint-Gaudens.
- There are only 13-15 known, and the government holds most of them.
- Previously illegal to own.
3. 1787 Brasher Doubloon
This coin provides a glimpse into America’s founding days. It was minted by goldsmith Ephram Brasher, a neighbor to George Washington. It features Brasher’s seal (EB).
- There are only 7 specimens known.
- In 2021, part of it was sold at an auction for $9.36 million.
- It is said to represent the commencement of the American Republic.
4. 1849 Double Eagle
Approximate value: $96 million
It is the first authentic gold coin of $20 that was produced at the time of the California Gold Rush. The uniqueness lies in the fact that there is just one specimen of it, and it is currently preserved in the Smithsonian Institution.
- Never made it into the market.
- It has been viewed as a milestone of American economic history.
- It will cost not less than $96 million whenever it goes for sale.
5. 723 Umayyad Gold Dinar
Estimated value: $96 million
The only non-American coin in this list is this icon of the height of the Islamic Empire. It was issued in Damascus in the year 723 AD. It refers to the mine which belonged to the Caliph of the day.
- There are only around 12 known.
- In 2019, one sold for $4.8 million.
- It also carries monumental historical and religious importance.
Can you also have a rare coin?
Even though you might find such coins by luck, you could also have some invaluable old coins with you. Keep an eye on these aspects:
- Date and Mint Mark: Older coins and coins minted by special mints are costlier.
- Errors: In case the coin has an error in minting, its price goes up manifold.
- Condition: Coins that are shiny and clean cost more than rusty coins.
- Rare Variety: Like, the 1969-S Double Die Obverse Penny is highly rare.
Where to find rare coins?
- Old family collections or inherited boxes
- Old piggy banks or bottles of coins
- Estate sales and auctions
- Coin shops and shows
- Search with a metal detector (with permission)
- Rolls of coins from banks
Precautions and authentication
If you come across an unusual or rare coin:
- Only touch it with gloves, pick it up by the edges.
- Do not clean it, as it will devalue it.
- Have it professionally graded (by institutions such as PCGS or NGC).
- Insure if it is worth a lot.
Conclusion: Welcome to the world of coins!
The history behind these coins is not only about money, it’s a part of history, culture, and human civilization. You’re new to coin collecting or an old pro, every coin has a story—and maybe a treasure.
So the next time you pick up an old coin, look closely. You might just have a coin that will change the course of history and your life.
FAQs
Q1. What makes a coin worth $96 million?
A coin’s extreme value comes from its rarity, historical significance, condition, and demand among collectors.
Q2. How can I tell if I have a rare coin?
Check the coin’s date, mint mark, condition, and look for minting errors or unusual features using a magnifying glass.
Q3. Is it legal to own coins like the 1933 Double Eagle?
Some coins, like the 1933 Double Eagle, have legal restrictions. Ownership is only allowed if cleared through proper channels.
Q4. Should I clean an old coin to improve its appearance?
No. Cleaning a coin can damage it and significantly reduce its value. Always consult a professional before any cleaning.
Q5. Where can I get my coins appraised or authenticated?
You can contact professional services like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Company) for grading and authentication.
