Numismatics, or the collection and study of coins, has captivated individuals for centuries. Although most coins are recognized only for their face value, some scarce coins command high prices due to their historical importance, scarcity, and features.
A stunning find recently caused a stir in the world of numismatics—a rare Bicentennial Quarter worth almost $40 million.
In this article, let us see the history of this remarkable coin and also talk about five other uncommon coins worth more than $750,000.
1. Bicentennial Quarter
Year of Issue: 1976
Estimated Value: $40 Million
The Bicentennial Quarter was minted in 1976 to celebrate America’s bicentennial, or the 200th anniversary of American independence. Even though millions of copies of this coin were minted, one special edition, which contained a rare minting flaw, uncommon metal alloy and near perfect condition, made headlines.
It is assumed that this coin was minted by mistake on a special silver planchet, making it more valuable and rare. This coin is one of the most valuable discoveries in the field of numismatics today.
Let us now examine the other five rare coins.
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2. 1943 Bronze Lincoln Cent
Year of Issue: 1943
Estimated Value: $1.7 million
In World War II, the 1943 penny was struck using zinc-coated steel rather than copper in the US to conserve copper. However, some coins were inadvertently struck on the old 1942 copper planchet.
They are one of the most sought-after coins today. In 2010, one of these coins was sold for $1.7 million. Their historical value and defect in manufacturing make them highly sought after.
3. 1804 Silver Dollar
Year of Issue: 1830s (but the coin has been dated as 1804)
Estimated Value: $3.8 million
The 1804 Silver Dollar is also referred to as the “King of American Coins.” This coin was, in fact, minted not in 1804 but during the 1830s to be presented as a gift to foreign heads of state.
There are just 15 copies of it in existence, and so it is very rare. In 1999, one of the copies of this coin was sold for $3.8 million.
4. 1913 Liberty Head Nickel
Year of Issue: 1913
Estimated Value: $4.5 million
Only 5 copies of the 1913 Liberty Head Nickel exist. According to legend, these coins were secretly produced by a mint employee, and that makes this coin enigmatic and scarce.
In 2018, one such coin was auctioned for $4.5 million, which is among the most valuable nickel coins.
5. 1794 Flowing Hair Dollar
Year of Issue: 1794
Estimated Value: $10 Million
America’s first silver dollar was the 1794 Flowing Hair Dollar. It was created by renowned designer Robert Scott and has a lovely representation of Liberty.
Only less than 150 copies of this coin have survived to this day, hence it is extremely rare. One copy of this coin was sold in 2013 for a whopping $10 million, making it among the most pricey coins ever sold.
6. 1933 Double Eagle
Year of Issue: 1933
Estimated Value: $18.9 million
The 1933 Double Eagle has been one of the most controversial coins in the history of America. 4,45,000 copies of this coin were produced, but throughout the Great Depression of America, these coins never entered circulation and nearly all of them were melted.
But a few coins survived destruction, and one of them was sold for $18.9 million in 2002, which was a record then. It is one of the most sought-after coins because it is historically scarce and legally contentious.
Conclusion: Do you have a rare coin?
The world of numismatics is full of wonderful mysteries and unbelievable discoveries. The coins described above are evidence that a plain looking coin can be worth millions of dollars.
Do you own a rare coin? If so, then perhaps it can make you a millionaire one day!
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FAQs
Q1. Why is the Bicentennial Quarter worth $40 million?
The coin is extremely rare due to a unique minting error, unusual composition, and pristine condition, making it highly valuable.
Q2. How can I check if my coins are valuable?
Look for minting errors, rare dates, unique compositions, and overall condition. Professional grading services can help determine value.
Q3. What should I do if I don’t receive my payment on time?
First, check your bank account. If it’s not deposited, wait three additional mailing days before contacting the SSA.
Q4. What makes the 1943 Bronze Lincoln Cent so special?
It was mistakenly struck on leftover copper planchets instead of the intended zinc-coated steel, making it one of the rarest pennies.
Q5. How rare is the 1933 Double Eagle?
Nearly all were melted down before release due to a currency shift, with only a few surviving, making it one of the most coveted coins.