7 Rare Coins Only the Rich Buy
Written by
Sean Fisher, AI Editor
Edited by
Ashleigh Ray
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Throughout history, coin collecting, also known as numismatics, has been both a hobby for many and a serious investment for a select few.
The allure of owning a piece of history, combined with the intrinsic and extrinsic value of coins, has led to the creation of a market where some rare coins fetch astronomical prices, often only within the realm of the uber-wealthy. Here’s a look at some of these exclusive coins that have become symbols of affluence and passion for collectors.
The 1794 Flowing Hair Dollar
This coin, featuring Lady Liberty with flowing hair, is believed to be one of the first silver dollars ever minted by the U.S. Mint. Its rarity and historical significance led it to be auctioned for over $10 million in 2013, making it one of the most expensive coins ever sold.
The 1933 Double Eagle
This $20 gold piece has a storied history. While nearly half a million were minted, almost all were melted down due to a change in U.S. currency laws during the Great Depression. Only a few known specimens exist today, and one was auctioned for $7.6 million in 2002.
The 1913 Liberty Head Nickel
With only five known examples, this nickel is legendary among coin enthusiasts. Created under mysterious circumstances at the U.S. Mint, one of these nickels fetched over $3.7 million at a 2010 auction.
The 1787 Brasher Doubloon
Ephraim Brasher, a goldsmith and silversmith, minted this gold coin, which carries his hallmark ‘EB’ on the eagle’s breast. Highly sought after for its rarity and historical importance, one of these coins sold for nearly $7.4 million in 2011.
The 1804 Silver Dollar – Class I
Often referred to as the “King of U.S. Coins,” the 1804 Silver Dollar is shrouded in intrigue. Despite the 1804 date, these coins were minted in 1834 as presentation pieces. Only eight of these Class I types exist, and one was auctioned for $3.8 million in 2008.
The 1343 Edward III Florin
One of England’s rarest gold coins, only three specimens are known to exist. Minted during the reign of Edward III, its rarity and age make it a prime target for wealthy collectors, with an estimated value of over $6 million.
The 2007 $1 Million Canadian Maple Leaf
While not old, this coin is unique because of its sheer size and weight. Weighing 100 kilograms and made of 99.999% pure gold, it was primarily a showpiece by the Royal Canadian Mint. Still, it carries a face value of $1 million CAD, although its gold content and rarity make it worth several times that amount in reality.
While many engage in coin collecting as a hobby, for the world’s elite, it’s an opportunity to own rare treasures that represent significant moments in history.
The value of these coins, driven by their scarcity, craftsmanship, and historical significance, has solidified their place as assets only the richest can aspire to purchase. Whether viewed as investment opportunities or coveted collectibles, these coins exemplify the pinnacle of numismatics.
Editor's note: This article was produced via automated technology and then fine-tuned and verified for accuracy by a member of GOBankingRates' editorial team.
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