The Most Expensive Coins Ever Sold ? Top 10 Antique Coins
Do you know how much the most expensive coin in the world costs? The “Flowing Hair dollar” is about $10 million. This dollar was originally issued as $1; hence, a coin that was originally worth $1 was sold for over 1,000 times the amount.
Coin collecting has been a popular hobby and an investment technique for both serious collectors and investors. According to Night Frank’s research, a UK property and consulting firm, the antique coin market’s worth remains as stable as luxury cars and wines.
First of all, let’s take a look at the top 10 most expensive antique coins (based on “World Atlas” data, as of March 28, 2018).
The top 10 most expensive coins
No.10 Single 9 Pond (South Africa) $4 million
The most valuable coin in the South Africa mint features Paulus Kruger, South Africa’s Prime Minister in 1898. This is a very well-known coin, and “no collector in South Africa does not know this coin.” It was sold for $4 million in 2010 (Coinweek, October 2, 2012).
No.9 Bust Dollar – Class I $4.14 million
This coin was minted in 1804 and its value was $4.14 million in 1999. However, its price dropped down to $3.77 million at an auction in 2003 (Lovemoney.com).
No.8 Brasher Doubloon – EB on Wing $4.58 million
Brasher Doubloon was minted in 1787. This coin has an eagle as a hallmark and was created by a goldsmith. Its value was $4.58 million in 2014.
No.7 Flowing Hair Dollar $4.99 million
Half the price of this coin was brought down in 2013. In 2015, it sold for $4.99 million.
No.6 Liberty Head Nickel $5 million
The original Liberty Head Nickel was minted during 1883 to 1912, but this coin was minted unofficially in 1913. Nobody knows how many coins were minted. One of these coins cost $5 million in 2007.
No.5 $10 Proof Eagle $5 million
This coin was minted as a souvenir for Asian diplomacy by Andrew Jackson, the seventh President of the United States, in 1804. Only four of these coins exist in the world; hence, it is extremely valuable and sold for $5 million in 2007 (Lovemoney.com).
No.4 Umayyad Gold Dinar $6.03 million
The Umayyad Gold Dinar was minted in 1729, recognized as the most valuable Islamic gold coin. It was sold for $6.03 million in 2011.
No.3 Brasher Doubloon – EB on Breast $7.4 million
This coin was created prior to the Coinage Act by a goldsmith who had petitioned New York state to print copper coins in 1787 (the petition was denied). The goldsmith marked all of these coins with an eagle, but the Brasher Doubloon features an eagle with a shield on its chest on one side. It sold in 2011 for $7.4 million.
No.2 1933 Saint-Gaudens Double Eagle $7.59 million
This $20 coin was minted in 1933 by the U.S. government. In total, 445,000 coins were minted in 1933 but were dismantled by the government before being circulated. Later, 19 of the coins were stolen and nine were melted down, but the rest of the coins were collected by the Financial Authority.
The Double Eagle Gold Coin sold for $7.59 million in July 2002. It is the most valuable and surviving coin.
No.1 Flowing Hair Dollar $10.02 million
This American $1 coin was minted in 1794 and appeared at an auction held in New York. A New Jersey-based rare-coin businessperson purchased the coin for $10.02 million.
Mr. Pittman earned $30 million from his coin collection
As you can see from the rankings, the rare antique coins trade at high prices. Antique coins are becoming popular as a stable asset without economic recession. This market is also expected to rise in worth over time.
However, just an interest never brings an amateur collector profit.
The well-known coin collector, John J Pittman, assembled a world-class coin collection over many decades and sold them in 1997 for more than $30 million. An auctioneer who mediated Mr. Pittman’s collection said later, “John was not a wealthy man, except in knowledge (of antiques).”
Mr. Pittman fully leveraged his knowledge to the maximum and searched for “truly exceptional rare coins that he could afford.” For example, he purchased a Proof 1833 Capped Head gold five-dollar half eagle for $635.00 in 1954. He then sold it for $467,500.00 in 1997 (The Spruce, October 7, 2017).
Acquire knowledge before you acquire the coin
James Bucki is a coin collector as well as a part-time coin dealer. He suggests that acquiring knowledge about coins before you buy them is one sound antique coin strategy.
To avoid counterfeit coins in the market, it is important to have sharp eyes and knowledge to identify authentic coins.
Antique coins are rarely affected by economic recession; however, the coin prices will be determined by supply and demand. Even if you own a rare coin, there will be no profit if there is no demand.
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