Some of the most valuable coins in the world include the 1794-1795 "Flowing Hair Silver/Copper Dollar," the 1933 "Double Eagle" and the 1907 "Saint-Gaudens Double Eagle," according to Mental Floss. As of 2013, each of these coins is valued at over $7 million. The three coins are all of American origin.
Valued at around $10 million, the "Flowing Hair Silver/Copper Dollar" was the first $1 coin issued by the U.S. federal government. Composed of 10 percent copper and 90 percent silver, this coin was minted by the newly formed U.S. Mint in 1794 and 1795. It is one of the most valuable coins in existence.
The 1933 "Double Eagle" gold coin was minted in limited quantities but was never actually released to the public. Then-president Franklin D. Roosevelt banned the ownership of anything gold in 1933 in an attempt to stabilize the banking crisis and end the Great Depression. Twenty of the coins slipped past the restriction, making the "Double Eagle" worth around $7.6 million as of 2013.
The "Saint-Gaudens Double Eagle" is another coin that owes its value to historical circumstance. When Augustus Saint-Gaudens' design proved too complex for the U.S. Mint, chief engraver Charles Barber simplified it by removing the words "In God We Trust." Congressional outcry quickly led to the coin's removal from the market, making this rare coin worth around $7.4 million as of 2013.Learn More
The three most valuable foreign coins, according to ValuableWorldCoins.com, are the rare Edward III 6 shilling coin, sold for $6.8 million in 2006; the Islamic Umayyad dinar, sold for $6 million in 2011; and the Canadian Queen Elizabeth II coin, sold for $4 million in 2010. The value of a collectible coin depends on factors such as demand, scarcity and condition, which determine its sales price at any given moment.Full Answer >
As of 2014, the most valuable pennies are the 1944 steel wheat penny and the 1943 copper wheat penny; each have been known to fetch values up to $1,000,000 in excellent condition. The 1969-S Lincoln cent with a doubled die obverse and an EF-40 rating has an estimated approximate value of $35,000 and the 1970-S small date Lincoln cent with doubled die obverse has sold for as much as $3,000.Full Answer >
Coins last for about 25 years before they are too worn down to remain in circulation, according to the U.S. Mint. Unusable coins are recycled, and the metal is reused in new coins.Full Answer >
Many U.S. quarters carry a premium over their face value because of their silver content. Among them are Washington quarters minted before 1964. Other valuable quarters include older quarters, such as the Barber quarter, minted between 1892 and 1916, and the Standing Liberty quarter, produced between 1916 and 1930. A valuable recent quarter is the special Bicentennial quarter minted from 40 percent silver.Full Answer >