Some rare coins have reached sky-high prices at auction, fetching hundreds of thousands or even millions of dollars. These coins hold immense historical value, scarcity, and are in high demand among collectors. In this article, we’ll explore six rare coins that sold for at least $600,000, along with what makes them so valuable.
1794 Flowing Hair Silver Dollar
Sold for: $10 million
The 1794 Flowing Hair Silver Dollar is believed to be the very first silver dollar struck by the U.S. Mint. Featuring Lady Liberty with flowing hair, it’s a foundational coin in American numismatic history. Only about 140 of these coins exist today, and collectors are willing to pay millions for them.
Why it’s valuable:
This coin’s historical significance, coupled with its rarity and excellent condition, led it to sell for a record-breaking $10 million in 2013.
1933 Saint-Gaudens Double Eagle
Sold for: $18.9 million
The 1933 Saint-Gaudens Double Eagle is a $20 gold coin that was never officially circulated because the U.S. government ordered them melted during the Great Depression. However, a few coins survived, becoming some of the rarest and most desirable in the world.
Why it’s valuable:
This coin set the world record in 2021 when it sold for $18.9 million. It’s highly valued due to its scarcity and legal status, as only a few of these coins can be privately owned.
1787 Brasher Doubloon
Sold for: $9.36 million
The Brasher Doubloon, a gold coin minted by Ephraim Brasher in New York, is a pre-U.S. Mint coin that carries great historical importance. It was one of the first privately minted gold coins in American history.
Why it’s valuable:
Its rarity and significance as an early American coin helped it sell for $9.36 million in 2021. Only a few examples exist, making it highly coveted.
1804 Silver Dollar (Class I)
Sold for: $4.14 million
The 1804 Silver Dollar is often referred to as the “King of American Coins.” Despite being dated 1804, these coins were minted decades later as diplomatic gifts. Only 15 examples of the coin exist.
Why it’s valuable:
In 2017, a Class I 1804 Silver Dollar sold for $4.14 million due to its extreme rarity and legendary status among collectors.
1343 Edward III Florin
Sold for: $6.8 million
The Edward III Florin, also known as the “Double Leopard,” is one of the oldest coins on this list. Only three examples of this medieval English coin, minted during the reign of Edward III, are known to exist.
Why it’s valuable:
In 2006, one of these coins sold for $6.8 million. Its age, rarity, and historical significance contribute to its high value.
1913 Liberty Head Nickel
Sold for: $4.56 million
The 1913 Liberty Head Nickel is one of the most famous rare coins, with only five known to exist. These coins were not officially authorized by the U.S. Mint, making them even more mysterious and valuable.
Why it’s valuable:
In 2018, one of these coins sold for $4.56 million. Its legendary status and rarity have made it one of the most valuable coins in U.S. history.
Table of 6 Rare Coins That Sold for At Least $600,000
| Coin Name | Year | Price Sold | Reason for Value |
|---|---|---|---|
| 1794 Flowing Hair Silver Dollar | 1794 | $10 million | First U.S. silver dollar, historical significance, rarity |
| 1933 Saint-Gaudens Double Eagle | 1933 | $18.9 million | Extremely rare, U.S. government ordered destruction, only a few legally owned |
| 1787 Brasher Doubloon | 1787 | $9.36 million | Privately minted pre-U.S. Mint gold coin, rarity |
| 1804 Silver Dollar (Class I) | 1804 | $4.14 million | Only 15 made, minted later as gifts, legendary status |
| 1343 Edward III Florin | 1343 | $6.8 million | One of only three known examples, medieval coin |
| 1913 Liberty Head Nickel | 1913 | $4.56 million | Only five known, unauthorized U.S. Mint coin, rarity and mystery surrounding it |
Conclusion
These six rare coins demonstrate just how valuable and sought-after historic coins can be. Each coin tells a unique story — from early U.S. coinage to medieval English coins — and their rarity and significance have driven their prices into the millions. For coin collectors, finding one of these treasures would be a dream come true. Whether you’re a seasoned collector or just curious about rare coins, the incredible value of these pieces shows how important and profitable numismatics can be.
FAQ’s
What are some examples of coins that have sold for over $600,000?
Some notable examples include the 1794 Flowing Hair Silver Dollar, which sold for $10 million, and the 1933 Saint-Gaudens Double Eagle, which fetched $18.9 million. Other coins like the 1787 Brasher Doubloon and the 1804 Silver Dollar (Class I) also sold for millions.
Why are certain coins valued at millions of dollars?
Coins are valued at millions due to factors such as their rarity, historical significance, and condition. For example, coins like the 1933 Double Eagle are extremely rare because most were melted down, making surviving examples highly sought after by collectors.
How can I find out if my coin is valuable?
To determine if your coin is valuable, look for factors like rarity, historical significance, and condition. You can consult a professional coin appraiser or numismatic expert who can help evaluate your coin’s worth based on its features and market demand.