Do you find yourself fascinated by American history? For history buffs and numismatists alike, there are few treasures as interesting as rare coins. Many people take coins for granted, thinking of them as simply pocket change for parking meters. Take a closer look at the coins around your house, as it’s possible you could possess something much rarer and more valuable without even knowing it! Keep reading for a look at five of the rarest coins in American history:
The Brasher Doubloon
Individual states had the right to press their own coins before adopting the new Constitution, and in 1789, New York goldsmith Ephraim Brasher did just that. Though he was supposed to print copper coins, he made a few elaborate gold coins, only seven of which are known to exist today.
1804 Draped Bust Dollar
In 1834, President Andrew Jackson wanted to give coin sets to foreign visitors as gifts, so the Mint pressed eight silver dollars and dated each one with 1804. These coins are now worth over $1 million each.
1861 Confederate States Half-Dollar
The Confederate states took control of the New Orleans Mint in 1861, but printed paper money instead of coins due to a lack of supplies. After the Civil War, a few Confederate coins appeared in private collections.
1933 Saint-Gaudens Double Eagle
During the Great Depression, President Franklin Delano Roosevelt took the U.S. off the gold standard and issued a recall for all gold coins. Some gold coins never returned to the Mint, including about 12 Saint-Gaudens Double Eagles. In 1933, the coin was worth $20; in 2002, one sold at auction for over $7 million!
1974 Aluminum Penny
Copper prices rose in the 1970s, making it expensive to produce the ubiquitous copper penny. The U.S. Mint tried alternative materials, including an aluminum penny that was only sent as a sample to important people.
Contact Coins of the Realm in Gaithersburg at (301) 637-6220 to have your coin collection appraised. We have been providing competitive pricing to all of our customers since our inception in 1974.