Here is an interesting world of rare coins, where a unique confluence of history, art and investment is seen. The hobby of collecting coins (Numismatics) is not just a simple interest, but it can sometimes make you a millionaire. Some coins are so rare and priceless that they are sold for crores in auctions.
Here we will discuss 10 such rare coins, whose price can go up to $90 million (about Rs 750 crore). If you have any of these coins, then your luck may shine!
1. 1933 Saint-Gaudens Double Eagle
This coin is one of the most talked about and rare coins in the world.
Why is it rare?
In 1933, President Franklin D. Roosevelt issued an order prohibiting private gold ownership. For this reason, almost all versions of this coin were minted. Only a few coins survived, which are now highly valuable.
Value:
In 2002, this coin was sold for $7.6 million (about Rs 63 crores) and in the future its price is expected to exceed $10 million.
2. 1804 Silver Dollar (King of American Coins)
This coin is called the “King of American Coins” due to its historical specialty and rarity.
Why is it rare?
The funny thing is that this coin has “1804” inscribed on it, but it was actually made in 1834. This coin was specially designed as a diplomatic gift.
Value:
In 2008, its price was $4.1 million (about Rs 34 crores), and in the future it can be sold for more than $5 million.
3. 1913 Liberty Head Nickel
This coin is very popular among coin collectors.
Why is it rare?
In 1913, the nickel coin of this design was not officially released, but still 5 coins were somehow made secretly. Their story remains a mystery.
Value:
In 2018, one coin was sold for $4.5 million (about Rs 37 crore), and in the future it can reach $10 million.
4. 1794 Flowing Hair Silver Dollar
This is considered to be the first silver dollar made in America.
Why is it rare?
This was the first silver dollar made by the US Mint in 1794. Its design and historical significance make it priceless.
Value:
In 2013, this coin was sold for $10 million (about Rs 83 crore) and in the future its price may increase even more.
5. 2007 Ultra High Relief Gold Coin
This coin is a modern version of the Saint-Gaudens Double Eagle from 100 years ago.
Why is it rare?
Its design is extremely beautiful and embossed (high relief), making it stand out from other coins.
Value:
Its current value is $2 million (about Rs 16 crore), and its value is likely to increase in the future.
6. 1849 Double Eagle ($20 Gold Coin)
This coin was one of the first gold coins worth $20 in the US.
Why is it rare?
It was made during the California Gold Rush and symbolizes a major change in the US currency at that time.
Value:
In 2019, this coin was sold for $7.6 million (about Rs 63 crore) and its value can go above $8 million.
7. 1936 Canadian $1,000 note
Although it is not a coin but a banknote, its rarity still makes it extremely valuable.
Why is it rare?
It marks an important time in Canadian currency history in 1936.
Value:
In 2016, it was sold for $250,000 (about Rs 2 crore) and its value may reach $500,000 in the future.
8. 1343 Edward III Florin
This coin is one of the oldest and rarest British gold coins.
Why is it rare?
It was minted in 1343 and now only three such coins are left.
Value:
It is estimated to be worth $6.8 million (about Rs 56 crore).
9. 1822 Half Eagle ($5 Gold Coin)
This coin is one of the earliest American gold coins.
Why is it rare?
Only 3 coins are known so far, which increases its rarity and value.
Value:
In 2021, this coin was sold for $8.4 million (about Rs 70 crore).
10. 1787 Brasher Doubloon
This is considered to be one of the first gold coins in America.
Why is it rare?
This coin was handcrafted by Ephraim Brasher, a New York goldsmith.
Value:
In 2021, it was worth $9.36 million (about Rs 78 crore).
Conclusion
If you are fond of collecting coins, then knowing about these rare coins can be very exciting for you. Not only do these coins hold historical significance, but they can also prove to be a great investment for you.
FAQs (Frequently Asked Questions)
What is the most expensive coin ever minted?
The 1794 Flowing Hair Silver Dollar, worth $10 million.
Why is the 1933 Double Eagle so rare?
Because the government ordered the minting of this coin, leaving only a few coins left.
How many coins of the 1913 Liberty Head Nickel are left?
Only 5.
Why is the 1804 Silver Dollar so special?
Because it was minted not in 1804, but in 1834 as a diplomatic gift.
Can investing in rare coins be profitable?
Yes, they can increase in value over time, making it a good investment.