Coin collecting can be fascinating and intriguing. It is the one place where you have an item valued at a few cents that could actually be worth millions of dollars. Sometimes, simple coins in your pocket can be worth several thousand dollars or more. Does that make you want to go through all your spare change? Although it may be a slim chance, if you think you might have a rare coin, you need a copy of the 2013 Red Book. The Red Book is published by Whitman publishing, and it is the most comprehensive guide to coins today.
These are the top 5 most valuable U.S. coins:
5. 1913 Liberty Nickel – value of $5 million
A good example is the 1913 Liberty nickel. The Liberty Head Nickel was minted from 1883 to 1913 and actually has more copper in it than nickel, being comprised of 75% copper and only 25% nickel. The Liberty Head Nickel was also called a V Nickel because of the large V on its reverse side. The Philadelphia Mint failed to place the word “cents” on the coin and created 5 coins before they destroyed the die. The 5 1913 Liberty Nickels were removed from the Mint in an unauthorized way and did not appear in public until 1920. This rare coin represents the best return for your investment. It is currently considered to be worth almost $5 million. Your investment would be 10,000% if you paid 5 cents for it.
4. 1861 Coronet Twenty Dollar Gold Piece – value of $5.6 million
The1861 Coronet Twenty Dollar gold piece was made during the Civil War. Unfortunately, the US Mint stopped production of this coin shortly after it started. The War changed the design and helped in stopping the production. It was believed that many were in circulation during 1861, but today there are only two in existence. It is rumored that a 3rd may exist and is valued at $5.6 million.
3. 1804 Ten Dollar Gold Piece – value of $6 million
The 1804 Ten Dollar Gold piece was first made in 1775 and was supposed to represent America to the world. It was originally named the “Eagle,” but never really took off. As it turned out, 5 dollar gold coins were more commonly used in international trade. Only a few of these coins were ever created. These rare coins were minted in 1834, 30 years after the date shown on the coin. Today, more than 200 hundred years later, it is believed that only 3 of the coins exist. One sold in 2005 for $8.5 million, but the others can be bought for roughly $6 million each.
2. 1933 Saint-Gaudens Twenty Dollar Gold Piece – value of $10 million
The 1933 Saint-Gaudens Twenty dollar gold piece is said to be worth nearly $10 million. This rare coin is named after its designer, Augustus Saint-Gaudens and is considered by many to be the most beautiful of U.S. coins. The coins proved to be controversial because they lacked the words “In God We Trust”, prompting Congress to intervene and require the motto’s use. In 1933 over 450,000 of these coins were minted, but none were ever released into circulation. Later the government made it illegal for individual people to own these coins, and any the government had were melted for gold bars. This coin is considered to be the highest priced coin in existence, and it is believed that only 11 of these exist.
1. 1804 Silver Dollar – value of $47 million
When people couldn’t buy the Double Eagle, they would buy this coin, and they became quite valuable. Similar to the 1804 10 Dollar gold piece, this coin did not get minted until 1834. Employees at the Mint made several of these to keep an agreement made with certain rulers in Asia. Legend has it that this rare coin was given by King Rama IV of Siam to Anna Leonowens, as seen in the story of Anna and the King Of Siam and the movie The King and I, was the same 1804 silver dollar produced in 1834 as a gift to Siam. More coins were made in the mid 1800s, but most of these were destroyed. The rumor is that there are only 19 of these coins in existence today.