Coin collection dates to Roman times. Archeological relics demonstrate that even emperor Augustus liked antique and foreign coins and gave them to friends. While it's unknown how ancient humans collected coins, modern coin auctions provide uncommon and unique items. In fact, some of the most precious coins sold at auction for outrageous prices.
Auctions feature commemorative coins and antique gold doubloons from throughout the world and period. However, not all auction coins are historical. Auctions sell current gold and silver coins. Most coins are worth more than their denomination, old or new.
Roman coin collectors demonstrate that humans have traditionally valued certain coins more than others. Collectors want rare coins for their collections, which may explain why some have sold for millions. The three most expensive coins ever auctioned demonstrate this.
The 1933 “Double Eagle” is the most valued auction coin at $18.9 million. The final U.S. gold coin displays Lady Liberty and an eagle in flight on either side. It was never struck, and the U.S. Mint melted all 1933 Double Eagles in 1934 when the country left the gold standard. This coin survived melting and litigation and is the only one of its kind that may be owned privately.
The incredibly rare 1794 Flowing Hair Silver Dollar may be the first U.S. Silver Dollar. First to break $10 million at auction in 2013, this coin sold for $12 million in early 2022. There are 140 silver dollars, but only this Flowing Hair Silver Dollar is a Professional Coin Grading Service specimen.
The 1787 Brasher Doubloon sold for $9.36 million in 2021. Designed to imitate 1740s Hispanic coins, this rare, privately produced gold piece is named for New York goldsmith and silversmith Ephraim Brasher. The coin shows the manufacturing date, state seal, and shielded American eagle. Some coin variants are uncommon due to their qualities.
Coin rarity depends on mintage and stock. Changes in coin availability and popularity effect demand. Understand current demand to get the most accurate assessment cost. Coin grade indicates appearance and quality. Professional and amateur coin collectors grade by standards. Poor coins are worth far less than mint ones. Grading a coin can indicate its value.
Beyond these criteria, a coin's place of origin, date, and “general issue” or “commemorative” status affect its worth. So it's crucial to know the difference between mint condition and proof coins.
Due to online tools, even amateur coin collectors can estimate coin values. The PGCS pricing guide covers almost 350,000 U.S. coins. The U.S. Mint website has much of coin information.
Although a $10 million coin may be too expensive, rare coins are affordable. Buying gold coins and rare treasures is fun. Gold coins also protect wealth. Because they keep value, gold, silver, and other precious metals have been excellent wealth stores. Additionally, gold coins simplify gold purchases. Gold and silver coins can protect your possessions, giving them an excellent entrance into precious metals.
Research before buying. There are various coins individuals may buy for different purposes. Understanding coin kinds is vital to your purchase and will help you choose the ideal one.