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What Makes The Top 10 Coins Valuable

by D. L. Crane

The top 10 most valuable coins are indeed treasures. There are many reasons for this. Countless people find the rare ones appealing and great as an investment. The rarer and more expensive the coins are, the more speculation and the more interest they gain.

For years now we have witnessed the rise in value of these coins from many thousands of dollars in the past, to reaching into the millions of dollars in the most recent times. With the auction market growing, their prices just keep escalating. People will compete for their treasure until they are the proud owner.

Below is a list of the most expensive coins just to show what the prices of the top 10 most valuable with some interesting facts about each.

 

        1933 $20 Double Eagle: Gem Brilliant Uncirculated; sold for $7,590,020 in July 2002

The 1933 gold double eagle was never officially released into circulation due to changes made to the currency laws during the Great Depression. President Franklin Roosevelt wanted to end the run on the banks and stabilize the economy, so he took America off the gold standard. People had to give them up, and there would be no more gold coins minted at that time.

        1913 Liberty Head Nickel: PCGS Proof 66; sold for $4,150,000 in June 2, 2005

This is the second highest price ever known paid for any rare coin.

        1804 Class I Silver Dollar: PCGS Proof 68; sold for $4,140,000 in August 1999

The "King of United States Coins" is worth a King's ransom. The catalog described it as a "superb gem."

        1787 Brasher Doubloon, EB on Breast: NGC Extremely Fine 45; sold for $2,990,000 in January 2005

Because Mr. Brasher was hoping to be granted a coinage contract, the Brasher Doubloon carries the icon relating to the State of New York. This is the only piece to carry the distinguishing EB characteristic on the eagle's breast. The icon is  centered and accurately struck. On their surfaces they still have a great deal of the brilliance of their proof, which is principally obvious within the inscription. The uncommonness of this cherished, matchless historic coin, is still  timeless and has been since the original days of coin collecting in the United States.

        MCMVII (1907) Ultra High-Relief, Lettered-Edge $20 Double Eagle: PCGS Proof-69; sold for $2,990,000 in November 2005

This out of this world coin is a dream for a numismatist, and is in a class by itself.

        1787 Brasher Doubloon, EB on Wing: NGC About Uncirculated 55; sold for $2,415,000 in January 2005

Contursi, a partner in the purchase said, "I feel this is the most significant U.S. gold coin there is. It transcends numismatics. Itís the first real U.S. gold coin.  While the Lima Style doubloon was counterstamped a year earlier, in 1786, this (the 1787 New York Style doubloon) is the first gold coin to appear with U.S. legends and icons."

        1927-D $20 Double Eagle: PCGS Mint-State 67; sold for $1,897,500 in November 2005

The 1927-D Double Eagle that is graded by PCGS MS-67 is the one that is the most excellent.

        1907 Ultra High-Relief, Lettered-Edge $20 Double Eagle: PCGS Proof 68; sold for $1,840,000 in January 2007

The 1907 Ultra-High Relief Double Eagle is in reality a Pattern issue, resulting in one of the most rare and valuable of all U.S. coins. The significance and fame of the 1907 Ultra-High Relief is undeniable.

        1804 Class I Silver Dollar: PCGS Proof 64; sold for $1,840,000 in October 2000

Planned for foreign dignitaries Class I were legally struck in proof format at the U.S. Mint. Eventually collectors and businesses began acquiring them and thus gaining a little piece of  numismatic history.

        1804 Class I Silver Dollar: Proof 63; sold for $1,815,000 in April 1997

For the last century and a half, Class I 1804 silver dollars have repeatedly set coin auction records.

 

The bottom line is the coin collector has the opportunity to own a piece of history and have an investment at the same time. With the love of these rare and beautiful treasures here to stay, their worth continues to increase the value of your investment.
 


Go to www.BestCoin.Com for a Free Coin Guide and More Coin Collecting Information.

 



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