The world of coin collecting is full of fascinating stories and rare gems, with each coin representing a distinct slice of history.
While exceptional findings like the Bicentennial Quarter, recently valued at $69 million, attract attention, many other coins have extraordinary importance and high prices. Below is a closer look at three such coins, each worth over $999,999, and their unique stories.
1. The 1804 Silver Dollar, the King of American Coins.
Known as the “King of American Coins,” the 1804 Silver Dollar is legendary among collectors. Only 15 are known to exist, with each reflecting a period of transition in early America. With a value above $1 million, this coin’s rarity and historical significance make it a must-have for numismatists.
2. 1913 Liberty Head Nickel: A Mysterious Marvel.
The 1913 Liberty Head Nickel is one of the most scarce US coins, with only five known examples. The fact that this coin was never officially released by the United States Mint adds to its fascination. Collectors regard owning one as a sign of grandeur, and its worth exceeds $999,999.
3. The 1794 Flowing Hair Dollar was the nation’s first silver dollar.
The 1794 Flowing Hair Dollar, the first silver dollar struck in the United States, exemplifies America’s early idealism. Its historical and numismatic value exceeds $1 million, making it a cherished artefact of national history.
Also See: 2 Rare Dimes and a Bicentennial Quarter – Each Valued at $19 Million Still in Circulation
| Coin Name | Year | Significance | Number of Known Examples | Value | Historical Importance |
|---|---|---|---|---|---|
| 1804 Silver Dollar | 1804 | Known as the “King of American Coins.” | 15 | Exceeds $1 Million | Symbolizes America’s transformation and the evolution of its coinage system; only a few coins remain, making it an extremely rare and coveted piece among collectors. |
| 1913 Liberty Head Nickel | 1913 | A mysterious coin that was never officially released. | 5 | Surpasses $999,999 | A controversial coin that was produced privately; highly coveted for its scarcity and the mystery surrounding its origin. |
| 1794 Flowing Hair Dollar | 1794 | The first silver dollar minted by the United States. | Fewer than 200 (estimated) | Exceeds $1 Million | Represents America’s early coinage and vision of a national currency; significant for collectors and historians alike. |
Why are these coins so valuable?
Rarity: These coins are exceptionally rare, with very few surviving examples. Their limited numbers increase demand among collectors and investors.
Historical Significance: Many of these coins represent pivotal moments in U.S. history, such as the birth of the nation’s currency or the introduction of unique designs. Coins tied to key events or firsts, like the 1794 Flowing Hair Dollar or 1913 Liberty Head Nickel, hold a special place in the nation’s heritage.
Condition and Provenance: The condition of these coins (their grading) plays a significant role in their value. Coins in pristine condition, often graded by professional organizations like the Numismatic Guaranty Corporation (NGC), command higher prices. Additionally, a coin’s history of ownership and its story can also add to its desirability.
What makes the 1913 Liberty Head Nickel so mysterious?
The 1913 Liberty Head Nickel was never officially minted by the U.S. Mint, and its production is shrouded in mystery. There are only five known coins, and the origins of these pieces are unclear, leading to much speculation.
One of the coins was reportedly discovered in a safe deposit box in 1920, and it was never sold through official channels.