Valuable coins from every era provides unique look from what different civilizations and societies went though.
Basically, coins are the significance of the culture and history of each and every era.
From what languages people spoke in a geographic location to who ruled the country, coins tells it all.
Sadly, in the 21st century where people have started to deal with millions of dollars, why would they remember any of those coins?
Whether you have interest in learning more about history or simply enjoy the thrill of hunt, collecting coins can be both a fulfilling and profitable hobby.
You must know that there are some most valuable coins that if used now can certainly be very rewarding.
So, if you think you have some pennies of the past century, search it. Who knows when it can work like a magic for you.
However, if you don’t, then start collecting the coins in your jar. Someday those coins might be the most valuable pennies of the U.S, or even the world.
In this article, we bring you some of the most valuable coins or pennies in the U.S. that you should know about.
Who knows, you might have one of them with you. So, start reading the article below about most valuable coins.
The Origins of Coin Collection and The Most Valuable Coins
The first archeological record of coinage dated back to 650 B.C, however no one knows the exact date when coins were uses.
Before the emergence of coins, people used valuable metals to facilitate trade.
However, this method of payment proved to be challenging as each transactions required the metals to be carefully weighed and verified as pure.
Later, governments began to mint standardized coins that all citizens could use for transactions.
Since then, people started to use coin for every transaction.
Determining of Valuable Coins
There are a variety of factors to determine a coin’s value. Whether it is the printing or history, factors might be hard to predict.
However, one of the important factors to determine value of a penny is the mintage.
Mintage refers to the number of copies of a particular coin issued.
The original number of coins produced determines the total supply and can impact on how valuable the coin is.
Additionally, surviving population is also essential to determine the value of the coins.
After people mint the coins, they are released into circulation. Some coins get lost over time or damaged.
Hence, they remove these coins from circulation. Typically, coins that have a lower surviving population are worth more.
Also, coins made of highly valuable metals like silver and gold usually have high value.
In addition, the asking price of a particular coin is also another very important factor to determine the value.
However, it can change overtime due to marketing, changing trends, and collectors preferences as well.
The Most Valuable Coins in the U.S
1794 Flowing Hair Dollar
As said by experts, this coin was the first silver dollar coin struck by the U.S. mint.
It is by far the finest coin of its time and one of the most valuable pennies of for today’s generation.
The 1974 Flowing Hair Dollar is also a valuable coin historically, as it was the first dollar coin standardized across the country.
There is no mint mark in the coin and the face value of one of the most valuable coins is 1.00 USD.
The 1974 Flowing Hair Dollar was sold in 2013 at the Heritage Auction for the price of $3.1 million.
Now, as a rough estimate of this coins value you can assume this coin in average condition will be around $47148.
1870 S Seated Liberty Dollar
The 1870 S Seated Liberty Dollar is another most valuable coin of the U.S worth keeping.
This coin is an intriguing coin, because there is no official record of this coin existing, though 11 traced specimen supposedly exist.
The 1870 S Seated Liberty Dollar was sold in 2008 at the Standout Coins and Bullion for the price of $1.3 million.
Among 1870 Seated Liberty Dollars, coins with the San Francisco mint mark are the most prized of this type.
As a rough estimate of one of the most valuable pennies, you can assume its value to be $177286 for now.
1913 Liberty Head Nickel
1913 Liberty Head Nickel was produced in an extremely small quantity by the United States Mint.
This is the reason the coin is one of the most valuable coins for U.S. and the collectors.
Only five 1913 Liberty Head Nickel exist today, making the coin very rare one.
Two of the coins are currently housed in museums and the other three are privately owned.
This valuable coin has no mint mark on it and has face value of $.05.
The 1913 Liberty Head Nickel was sold in 2013 at the Heritage Auction for worth $3.1 million.
As a rough estimate of one of the most valuable coins, you can assume this coin in average condition to be around $3428950.
1927 D St Gaudens Double Eagle
With the mint mark of D and the face value of $20, 1927 D St Gaudens Double Eagle is one of the most valuable coins of the U.S.
In 1933, former President Roosevelt recalled all gold coins.
The declaration meant that all gold coins in circulation and bank vaults should get into gold bars or melted completely.
There were originally about 189,000 of 1927 D St Gaudens Double Eagle minted into gold bars.
Then after, the coins became one of the lowest mintage coins of the St Gaudens Double series.
However, today, they are one of the most valuable pennies, as it is believed that only 11-15 are remaining today.
The coin was sold in 2005 at the Rare Coin Wholesalers of Dana Point for the price of $1.65 million.
1838 O Capped Bust Half Dollar
With the mint mark of O on the penny and face value of $0.50, the 1838 O Capped Bust Half Dollar is another in the list of most valuable coins in the U.S.
The genesis of this coin coincides with the start of the New Orleans Mint, which was the first mint to strike silver coins.
It’s believed that only 20 coins were originally struck and only nine have survived now, making the coin extremely valuable.
The 1838 O Capped Bust Half Dollar was sold in 1838 at the Stack’s Bowers Galleries for the price of $493,500.
As a rough estimate of this coins value you can assume this coin in average condition will be around $270000.