Coin collecting, or numismatics, is a fascinating hobby that often uncovers unexpected treasures. Some coins, seemingly ordinary, can be worth substantial amounts due to their rarity, historical significance, or unique errors.
One such example is a rare quarter that fetched an astounding $420,000 at auction. In this article, we’ll delve into this remarkable coin and explore seven other valuable coins you might want to check in your collection.
The $420,000 Quarter: A Numismatic Marvel
In the world of coin collecting, certain coins stand out due to their unique characteristics and the stories behind them.
One such coin is the 1970-S Proof Washington Quarter that was overstruck on an 1898 $5 Liberty gold coin. This extraordinary mint error resulted in a coin that is both visually stunning and historically significant.
Key Features
- Minting Error: The coin was mistakenly struck on a $5 Liberty gold coin planchet from 1898, creating a unique blend of designs from both coins.
- Rarity: This is the only known example of such an error, making it exceptionally rare.
- Condition: Graded as Proof 66 by NGC, indicating a high-quality strike with minimal imperfections.
This coin’s unique characteristics and pristine condition led to its remarkable valuation of $420,000 at auction.
Seven More Valuable Coins to Look For
Beyond the extraordinary $420,000 quarter, several other coins have fetched impressive sums due to their rarity, historical significance, or unique errors. Here’s a table summarizing these notable coins:
1. 1913 Liberty Head Nickel
The 1913 Liberty Head Nickel is one of the most coveted coins in American numismatics. Only five specimens are known to exist, all minted without official authorization after the design had been discontinued.
Their mysterious origin and extreme rarity have made them highly desirable among collectors. One such coin fetched $5 million at auction, underscoring its status as a numismatic treasure.
2. 1804 Silver Dollar
Dubbed the “King of American Coins,” the 1804 Silver Dollar was actually minted in the 1830s for diplomatic purposes. Despite its 1804 date, none were struck that year, adding to its mystique.
These coins were presented as gifts to foreign dignitaries, and their limited mintage makes them exceptionally valuable. One specimen sold for $7 million, reflecting its historical significance and rarity.
3. 1893-S Morgan Silver Dollar
The 1893-S Morgan Silver Dollar is renowned for its low mintage, a result of the economic downturn during that period. With only 100,000 coins struck, it is one of the rarest in the Morgan Dollar series.
High-grade examples are particularly sought after, with one such coin selling for $550,000, highlighting its desirability among collectors.
4. 1915 Buffalo Nickel (Proof)
In 1915, the Philadelphia Mint produced only 1,050 proof Buffalo Nickels, coins struck with a special process to create a high-quality finish.
These coins are rare, and those in pristine condition are highly valued. A proof 1915 Buffalo Nickel with exceptional toning and graded PR69 recently sold for $240,000, showcasing the coin’s allure to collectors.
5. 1970-S Proof Quarter (Error)
Mint errors can significantly increase a coin’s value, as seen with the 1970-S Proof Quarter struck over a 1941 Canadian quarter.
This intriguing error resulted in remnants of the Canadian design visible beneath the U.S. features. Such unique characteristics make it highly sought after, with one example selling for $35,000.
6. 2009 Kew Gardens 50p Coin
In the United Kingdom, the 2009 Kew Gardens 50p coin is a modern rarity. With a mintage of just 210,000, it is one of the rarest 50p coins in circulation.
Collectors are willing to pay a premium for this coin, with recent sales reaching £139, significantly higher than its face value.
7. 2012 Olympic Handover £2 Coin
Commemorating the handover of the Olympic Games from London to Rio de Janeiro, the 2012 Olympic Handover £2 coin had a limited mintage of 845,000.
Its scarcity and commemorative significance have made it valuable among collectors, with some examples selling for up to £1,500.
The world of coin collecting is filled with hidden gems that can be worth substantial amounts. Whether it’s a mint error, low mintage, or historical significance, various factors can elevate a coin’s value.