What Are the Most Expensive Coins in History

Circulation of money is common in each civilization in the form of valuable bills and coins. The coins are scarcest forms of money around the globe. In the current era, you can find different kinds of coins related to different cultures. Valuable and rare coins always fascinate people. Some people collect rare and expensive coins as their hobby, and others collect rare coins to know their history. If you need rare coins, consider Josephine Coins that are PCI (Payment Card Industry) DSS (Data Security Standards) compliant. Here are some valuable coins sold at auction. You will be surprised to know their value.

When the federal government of the United States issue the 1st dollar coin, the worth of this dollar was $10 million. In 1794 – 1795, the dollar coin was 10% copper and 90% silver. Newly founded U.S. minted this coin with a photo of Liberty with flowing locks. Liberty image makes it a historical souvenir, and it is far more precious than its face worth. One of these precious coins were sold in 2013 for $10 million. 

A circumstantial fluke is behind the popularity and value of this coin. In 1933, the double eagle coin was pressed, but it was not released publicly. The reason was a ban on the ownership of gold in 1933 by President Franklin D. Roosevelt. He was trying to end the banking crisis to improve the financial situation of the country. The country was facing devastating issues because of the economic situation. Even without their official release, almost 20 of double eagle gold coins tripped through the net and had an astounding value.

Augustus Saint-Gaudens had designed this intricate coin. Unfortunately, the coin proved really difficult for the US mint. They were unable to make this coin in salable quantities, so it was necessary to modify this design. The chief engraver of mint, Charles Barber, decided to alter the original design. Instead of changing the whole thing, he chose to remove the slogan “In God We Trust” from the coin. Congress was unhappy with this alteration, but this design was approved to mint this coin. The coin was made in limited number. Nowadays, this coin is precious and rare.

An investment firm of Wall Street paid $7.4 million for this coin at auction. This rare coin is the creation of a talented goldsmith “Ephraim Brasher.” He demanded New York State to mint his design in copper. The state rejected his demand for copper coins. Brasher ignored the decision of state and went ahead anyway to mint these coins in bronze. Some coins were made of 22-carat gold. These coins are now extremely valuable.

This coin is valuable because of its age. The coin was minted in 1343, so people often wonder how this coin survived over 670 years. Just imagine the number of coins lost from circulation during this period. People may lose them in the drain. There are only three of Edward III florin coins, so these are the rarest coins.