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Investors around the world are vying for the most valuable coins in the market today. Of the approximately 10 coins that are highly sought after due to their rarity and uniqueness, this article will provide an overview of the top 10.
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1. 1804 Bust Dollar – Class I (Dexter-Pogue Specimen)
- Price Realized: $3,865,750
- Date Sold: March 31, 2017
- Sold By: Stack’s Bowers Galleries and Sotheby’s
The 1804 Bust Dollar is widely regarded as one of the world’s rarest and most valuable coins. It was part of the D. Brent Pogue collection and featured a small “D” on its reverse, indicating that it had belonged to James V. Dexter, a wealthy collector, until the end of the 19th century.
The rusting of the image of Liberty on this type of coin reveals its importance, as does the special care taken in its production. The die edges and planchet were all polished, giving the piece a brilliant finish. Additionally, the Mint factory struck Lintmarks into the coin ahead of Liberty’s lips.
On May 24, 2016, the Sultan of Muscat-Watters-Brand-Childs-Pogue collection, featuring the highest-known example of the 1804 Bust Dollar, was sold for $106.69 million at five consecutive bids. However, an offer of $10.81 million was not sufficient to secure the coin.
2. 1804 Bust Dollar – Class I (Mickley-Hawn-Queller Specimen)
- Price Realized: $3,877,500
- Date Sold: August 9, 2013
- Sold By: Heritage Auctions, Dallas, Texas (Auction #1188, Lot #5699)
The 1804 Bust Dollar – Class I is one of the most expensive coins in existence, with a current market value of $3,877,500. The previous owner of the Hawaii Five-O 1913 Liberty Head Nickel made a tidy profit of $140,000 when they sold it for over $500,000.
This renowned 1804 Class 1 Silver Dollar, part of the Mickley sample, was one of eight presents given to the American ambassadors to the Middle East and Asia, Edmund Roberts among them. Upon his arrival in China and Japan, Roberts immediately presented the coin.
The 1804 Bust Dollar is a rare coin, with only 15 originals in existence today. Professional coin collectors have divided these coins into three classes: Class I (“Original”), Class II (“First Restrike”), and Class III (“Second Restrike”).
Class I coins were produced in the highest quantity, while Class II coins are distinctive and only six Class III coins are known. All categories of these coins have consistently broken auction records.
3. $1 Million Gold Canadian Maple Leaf
- Price Realized: $4,020,000
- Date Sold: June 2010
- Sold By: Dorotheum Auction House, Vienna, Austria
The Royal Canadian Mint created the world’s first $1 Million Gold Canadian Maple Leaf, which is now the most valuable coin in existence. Measuring 50 cm (20 inches) in diameter, 3 cm (1.2 inches) in thickness, and weighing 3,215 troy ounces of 99.999% pure gold, this remarkable coin is currently valued at $4,020,000.
The production of the $1 Million Gold Canadian Maple Leaf in 2007 sparked a wave of excitement. This coin is unique, crafted from pure gold by two distinct designers. Susanna Blunt is responsible for the portrait of Queen Elizabeth II featured on the coin’s face.
In June 2010, a Spanish gold mining firm purchased a single coin at auction for £2.68 million, demonstrating the value of the coin at that time. With a nominal face value of $1,000,000, the coin is estimated to be worth up to $4,000,000 due to its weight in pure gold.
International investors have acquired five gold bullion coins at the Dorotheum auction house in Vienna, which yielded a total of 3.27 million euros (4.02 million USD). Notably, one of these coins was stolen from the Bode Museum in Berlin, Germany in March 2017. Despite the challenges associated with producing such a large coin, it remains highly valuable.
4. 1804 Silver Dollar – Class I (The Watters-Childs Specimen)
- Price Realized: $4,140,000
- Date Sold: August 30, 1999
- Sold By: Bowers & Merena
The 1804 Silver Dollar, widely regarded as the King of U.S. Coins, achieved unprecedented value in August 1999, more than doubling the previous record-holder. This coin has been owned by a number of prominent figures, including the Sultan of Muscat, C.A. Watters, Charles and Ruth Green, Henry Chapman, Virgil Brand, Charles Frederick Childs, and the Pogue Family.
Class I specimens, manufactured in 1834, featured capital letter edges and no corrosion hole in the area of the olive branch on the back. Class II specimens, produced after 1857, were typically characterized by a simple border. Class III specimens were created after 1857.
Eight specimens of Class I, one of Class II, and six of Class III are known to exist. The most renowned example is the Class I “Original” coin, which was owned by the C. F. Child family.
The 1804 Draped Bust dollar is renowned for its instability in mintage numbers, as evidenced by the mere 15 specimens that have been discovered since its first mention in literature in 1842. This is despite the fact that it was part of the standard procedure to record yearly mintages, as well as the daily routine to continue using the remaining.
The 1804 Silver Dollar, initially owned by the Sultan of Muscat, was part of the Childs Family collection for 50 years before being auctioned off by D. Brent Pogue in May 2016. Despite its record-breaking price of $10,575,000, it failed to meet the consignor’s minimum bid.
5. 1913 Liberty Head Nickel – Morton-Smith-Eliasberg Specimen
- Price Realized: $4,560,000
- Date Sold: August 2018
- Sold By: Stack’s Bowers
The 1913 Liberty Head Nickel is renowned for its immense value, and was recently auctioned by Dr. William Morton-Smith at the ANA U.S. Coins Auction in Philadelphia. This coin is distinguished by its highly reflective surface, and is the only one of its kind among the five existing specimens.
Dr. William Morton-Smith was the discoverer of this coin. His passion for numismatics was ignited by a remarkable acquisition, and he devoted himself to collecting all generations of these coins.
The 1913 Liberty Head nickel is one of the most renowned numismatics in the United States. In 1972, the first five buffalo nickels to be sold for over $100,000 were specimens of this coin. In 2004, a specimen was sold in a private market for an astonishing $3 million. Subsequently, in 2010, it was auctioned off again for approximately $3.7 million at a public auction.
The production of this coin has been the subject of much discussion due to the lack of a mint record. Professional coin graders have assigned it grades ranging from MS-62 to Proof-64.
6. 1787 Brasher Doubloon – EB on Breast [Bushnell-Garrett]
- Price Realized: $7,395,000
- Date Sold: December 2011
- Sold By: Blanchard and Company
The 1787 Brasher Doubloon, struck at Ephraim Brasher’s factory in New York City, was not offered at auction, but instead sold to a private buyer for a staggering $7,000,000 by Blanchard and Company.
Widely regarded as one of the most exceptional numismatic rarities in the United States, the coin is held in high esteem by many, including renowned numismatists Henry Chapman and Q. David Bowers, who have both declared it to be the most valuable and significant coin in the world.
Max Mehl, a coin seller from Fort Worth, included the current coin in his James Ten Eyck collection in 1922, noting its historic value and collectible uniqueness as unparalleled.
Ephraim Brasher was renowned in George Washington’s neighborhood for his skill in designing coinage. His illustration of using strict weight and sharpness standards proved immensely beneficial to the government, as he became the best creator of the initial national coinage system.
The Brasher Doubloon, minted in 1787, was valued at $15 in gold and was one of the few gold coins produced by Brasher. These coins were thought to be used as general currency before the U.S. Mint began operations, making them a highly sought-after numerical rarity worldwide.
The New York-style coin is highly sought after by both colonial and individual collectors due to its rarity. The factory that produced these coins adhered to strict specifications regarding weight and purity, thus providing a model for the nation’s gold currency. As a result, these unique coins have become highly collectible due to their special background.
7. 1787 Brasher Doubloon – EB on Wing [Gilmor, Newlin, Davis, Brand]
- Price Realized: $4,582,500
- Date Sold: January 9, 2014
- Sold By: Heritage Auctions, Dallas, Texas (Auction #1201, Lot #5100)
The 1787 Brasher Doubloon, featuring the initials of its creator, Ephraim Brasher, on its wing, is one of the most valuable coins in existence. In the late 1700s, Ephraim Brasher was a gold and silversmith in the New York City area, and as the United States Mint was not yet operational, he created coins for the colonies.
The Brasher Doubloon, considered by coin collectors Henry Chapman and Q. David Bowers to be the most valuable currency, was produced by private businesses such as Brasher. Matthew Stickney was the fortunate individual who purchased the coin in 1848, and any penny collector would be delighted to have it in their collection.
In 1787, Ephraim Brasher created the New York Style Brasher doubloon, which closely resembled the Lima doubloons and the older Spanish coins of the period in terms of specifications.
8. 1787 Brasher Doubloon – EB on Wing [Patrick Specimen]
- Price Realized: $9,360,000
- Date Sold: January 21, 2021
- Sold By: Heritage Auctions, Dallas, Texas (Auction #1326, Lot #3934)
The 1787 Brasher Doubloon, purchased by Matthew Stickney in 1848, is the most valuable coin to date, with a price of $9,360,000. This private-produced gold coin was minted in the late 1700s and had a face value of 15 dollars.
The image of the coins encapsulates the newly-established United States. On the obverse, an eagle is depicted with an olive branch in one claw, symbolizing a desire for peace and the arrows in the other claw signifying a readiness for conflict. Additionally, a circle encompasses the thirteen states that form one nation.
The reverse of the coin features a sun rising over a hill, symbolizing a new beginning. Surrounding the design is a Latin legend reading “NOVA EBORAC, COLUMBIA and EXCELSIOR”. At the center of the design, Brasher prominently inscribed his name.
The 1787 Brasher Doubloon – EB on Wing was a valuable coin at the time due to the fact that the US Mint had yet to be established. This coinage was essential for the developing United States of America in order to facilitate trade. As such, it is a highly sought-after item among coin collectors.
9. 1794 Flowing Hair Silver Dollar
- Price Realized: $10,016,875
- Date Sold: January 24, 2013
- Sold By: Stack’s Bowers Galleries
The Coinage Act of 1792 established the United States Mint and a copper-nickel currency system, leading to the minting of the Flowing Hair dollar as the first U.S. dollar on April 2, 1792. Two years prior, the first cent was minted.
In January 2013, Stack’s Bowers made history in the New York Americana Sale when they sold a 1794 Flowing Hair Silver Dollar for an unprecedented price. This coin is widely regarded by collectors as the first silver dollar of the United States.
Since its inception in 1792, the United States Mint has produced copper coins and a few pattern pieces. For nearly two centuries, coin collectors have preserved these specimens in their original mint state condition.
A limited number of coins feature full striking, with two copper designs, each unique and new. The first style depicts all features, apart from the front stars.
This 1794 silver dollar is a singular example, boasting a Proof-like reflection in the fields and a deep mirror image that stands in stark contrast to the entirely frosted devices. Additionally, some 1795 silver dollars feature silver plugs.
This coin presents a once-in-a-lifetime opportunity, as evidenced by the visible correction markings on both its front and back sides, according to a statement from Stack’s Bowers Galleries. This phrase is rarely used, yet it is particularly apt for this artwork.
10. 1933 Double Eagle
- Price Realized: $18,872,250.00
- Date Sold: June 2021
- Sold By: Sotheby’s
In 1933, the United States Mint produced nearly 500,000 twenty-dollar gold coins. However, President Roosevelt issued an executive order mandating the melting of all $20 gold coins, as they were no longer in circulation. Despite this, some of these coins managed to escape from the mint’s warehouses and were never formally released.
At the time, it was assumed that the coin would not be traded on the open market, as it had not been intended for circulation. After a protracted legal battle, King Farouk of Egypt decided to sell the coin and split the proceeds. To make the coin available for commercial use, the buyer had to
pay an additional $20 to the mint.
The United States Mint has declared that the 1933 Double Eagle is the only one to have been monetized and issued by them. Furthermore, it is the only instance of private ownership that the US government has ever sanctioned. Any other examples of this coin that may exist are considered government property, and it is illegal to possess them; they are subject to confiscation.
Collectors of rare coins are often in search of the world’s most valuable coins, which are associated with important events and history. Unfortunately, due to their scarcity, these coins are difficult to obtain.
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