![]() ![]() The 1796 Draped Bust Half-Dollar coin was the first U.S. There are only 13 known to exist globally, one of which sold in 2014 for just over $763,000. However, that same year, an outbreak of yellow fever in New Orleans also caused a significant decrease in the number of half-dollars minted there. Part of the value for this coin is because it was a first of its kind minted in New Orleans. In 1838, a new Mint opened in New Orleans, and coins carried the O designation. An 1893 Morgan Silver Dollar minted in San Francisco sold in 2014 for over $642,000. All of these factors contribute to making highly graded 1893 Morgan Silver Dollars extremely rare. This push from the populists and other factors led to a depression known as the Panic of 1893. While the Bland-Allison Act helped, it did not satisfy the populists, and by 1890, the government started purchasing more silver for coinage, usually with gold and gold notes. government to purchase limited amounts of silver to be made into coins.įrom 1878 until 1904, the U.S. Congress acquiesced and passed the Bland-Allison Act in 1878, which required the U.S. Using only gold as money rather than gold and silver contracted the total money supply and deflated prices, leading to an outcry demanding the continued utilization of silver as money. This led to the Coinage Act of 1873, which resulted in the country adopting the gold standard. In 1871, the German Empire ceased minting silver coins, which caused demand (and thus the price) of silver to plummet. ![]() The highest grade ever sold was an MS-66 that reportedly sold for around $575,000. Less than 40 have ever been graded higher than MS-63, and only three of those MS-65 or better. However, those in mint condition are extremely rare, with MS-60s going for about $3,000. The coin itself isn’t rare nor particularly valuable. Morgan silver dollars were produced in large quantities over the years, including 1901, which featured a minting of nearly 7 million coins. Only 11 of these coins have been found, with one pulling $282,000 at an auction in 2015. ![]() Rather, its value is tied to its extreme rarity. This particular coin isn’t valuable because it is an error, because it isn’t. This coin has a seven punched over the four, leaving the four partially visible underneath. Then the final digit of the year would be punched over the old one. The dies from previous years were reused to save money. Minting coins was expensive, particularly purchasing new coin dies each year. Looking at the name of this coin, you will notice the strange nomenclature regarding the date. However, those in the certified mint state have garnered as much as $215,000 at auction, with current listings hovering around $100,000. The average or lesser conditions of these coins are relatively common and therefore don’t carry much value. Opening the list of valuable coins is a coin minted in 1884, the Morgan Silver Dollar. The most valuable coin is also the first coin ever minted by the U.S. The prices indicated below apply to highly-graded coins in excellent condition. silver coins today, based on an online search of their highest-quoted sales price. This list covers the 10 rarest and most valuable U.S. Going through the coins and currency used throughout the history of our country tells the story of America itself. silver coins, is the stories the coins tell in their usage and history. Posted in UncategorizedĪrguably the most interesting part of coin collecting of any kind, particularly U.S. Written by Top Cash Buyer on December 20, 2021. It is provided without warranty of any kind.Blog » 10 Most Rare U.S. ![]() This article provides information only and should not be construed as advice. Warren Buffett likes these 2 investment opportunities outside of the stock market Too many Americans are still missing out on cheaper car insuranceĪ TikToker paid off $17,000 in credit card debt by 'cash stuffing' - can it work for you? Some microinvesting apps will even help you invest your "spare change” from everyday purchases, automating your deposits. That's because time is just as important as the amount you have to invest - and with fractional shares becoming a common investing option, it's possible to get started with whatever you have right now. Pennies can become a portfolioĭidn't find any valuable coins in your pockets?Įven if you only have a few ordinary quarters and dimes to spare, remember: Those can generate significant returns when invested over the long term. One of these Kansas error coins sold for $45 on in November 2021. Lubricant grease might have clogged up the “T,” preventing the letter from being transferred onto the coin, says The Spruce Crafts. However, the 2005 Kansas quarter reads "In God We Rust" instead of the U.S. Mint produced a series of special quarters to celebrate each state over 10 years starting in 1999. Poke around in your wallet for one of these state quarters that fell victim to a hilarious blunder. ![]()
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