The coin collection hobby, Numismatics is among the most popular hobbies worldwide. There is nothing more surprising to see a common piece of metal provides higher value than its actual worth. This is how money works for you. There are some coins in the world which can value more than one can imagine, i.e. around millions of dollars. How much a coin worth depends upon its rarity and its historical influence, and even errors on minting it.
Here are the top 10 most valuable and rarest coins across the world.
10. Saint-Gaudens Double Eagle Ultra High Relief 1907
The coin was originally released in 1907 with $20 of face value. It was designed by Augustus Saint-Gaudens, a well known sculptor. The coins were quite hard to be struck due to its high relief and it produced just around 2 dozen pieces. These days, these are known to be Ultra High Relief specimen. Later on, the design was modified several times but the coin continued till the year 1933. In Smithsonian museum, two specimens of coins in 1907 were kept. In 2005, one specimen was auctioned for around $3 million in 2005.
9. Edward III Florin
The Florin was also called as Double Leopard and it was introduced by English King Edward III in 1344. The value of the coin was 6 shillings and it was intended to be used all over Europe. In the coin, the King was printed beneath the canopy with the heads of two leopards at the sides and the reverse had the Royal cross in the quatrefoil as well as a leopard which is featured in each spandrel. Around a few months later, the coin was withdrawn. Possibly, it is the rarest coin in British numismatics history. One piece of the coin is owned privately that was sold for $6,80,000 in July 2006 at auction which was a record price of a British coin. The rest of the coins are stored in exhibition at British Museum.
8. Half Eagle 1822
The Half Eagle 1822 is among the rarest coins in numismatics history. The U.S. Mint released it with the face value of $5. The coin features the Capped Head Half Eagle which was designed by John Reich. It produced over 17,796 pieces of gold coin and only three specimens are supposed to exist today. The National Numismatic Collection of Smithsonian Institution held two of them. In 1982, the other specimen was auctioned for around US$700,000.
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7. Silver Dollar 1804
The 1804 Silver Dollar ranks seventh in the list of world’s most valuable coins. Actually, these coins were minted in 1830s, not 1804. Having the bust of Liberty, it is the dollar coin which was produced for Edmund Roberts as the part of his diplomatic gifts in his diplomatic missions to Muscat and Siam. There are three “Classes” of these coins and these coins have only 15 specimens. The most valuable of them are Class 1 Specimens. The Sultan of Muscat owned one Class 1 Specimen. In 1999, it was auctioned for $4.1 million.
6. Liberty Head Nickel
Issued in the year 1913, the Liberty Head nickel was produced with the face value of 5 cents. It was produced in very limited numbers and without authorizing United States Mint. In 1920, the existence of such type of coins has become public and all of these coins were owned by a former Mint employee, Samuel Brown. To acquire US$100,000 in the year 1972, a Liberty Nickel specimen was the first coin. Another specimen broke million US dollar barriers in 1996. Today, only 5 specimens of this coin exist. In 2010, a specimen was auctioned for $3.7 million.
5. Queen Elizabeth II 2007
Produced by the Royal Canadian Mint in 2007, Queen Elizabeth II 2007 was the first coin with million dollars of face value. Each specimen was minted with 99.99% pure 100 kg gold. The coin depicted Queen Elizabeth II on one side and opposite side had three Maple leaves. The coins were made for the promotion of new line of Maple Leaf gold coins in Canada. Five coins have been bought so far. For $4.02, one specimen was sold in Vienna at an auction in the year 2009.
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4. 1933 Double Eagle
Minted by the United States in 1933, this gold coin was worth $20. But it was withdrawn that time despite minting up to 400,000 specimens. The coin was depicting Lady Liberty holding olive branch and a torch. Augustus Saint-Gaudens was the designer of the coins. The coins were never used and the government melted almost all the pieces. However a few of the coins were stolen and collectors found them. Some of them were recovered from the collectors and destroyed. Today, only 15 specimens exist. One was auctioned in 2012 for $7.59 million. There are 10 specimens held by Fort Knox and 2 by US National Numismatic Collection houses.
3. Brasher Doubloon 1787
This gold coin was designed by Ephraim Brasher, a goldsmith based in New York. He designed the coins himself with some copper coins that were rejected by the New York State Legislature to mint more copper coins. Based on the hallmark of Brasher on the coins, there are few of the amazing varieties. One specimen with mark on eagle was auctioned for $7.4 million in the year 2011 and one with marks on its wings was auctioned for $4.5 million in the year 2014. Currently, only a few coins of such types exist.
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2. Double Eagle 1849
With just one specimen exist these days; Double Eagle is possibly the most valuable and rarest coin in the history of US. It is among the two trial specimens heralded the $20 coins period. It was called as Double Eagles. In the year 1850, the coin was minted having the year 1849. The production of the coin coincided with the start of California Gold Rush. The current specimen is preserved at Smithsonian Museum in National Numismatic Collections. The value of the coin was around $20 million.
1. Flowing Hair Dollar
The Flowing Hair dollar was the first coin of dollar issued by the federal government of the US. It was minted in 1794 for the first time. Robert Scot was the designer of this coin. The weight and size of the coin looks like the well known Spanish Dollar. The coin was made of copper and silver and had an eagle on one side and bust of liberty on another side. Next year, it was replaced. It is the hottest favorite coin of the collectors due to its rarity and historical importance. A specimen was sold for $10 million in 2013.