4 rare coins that changed history and made collectors millionaires
Collecting coins is not just a hobby – it can also become a way of wealth for many people. Some old and rare coins are so valuable that their value reaches millions of rupees. These coins not only show a glimpse of history, but their rarity and story make them special.
Let’s know about those 4 very rare coins, which not only made a special place in history, but due to which many collectors became millionaires.
1. Flowing Hair Dollar of 1794
This was America’s first silver dollar, which was made in the US Mint. It had a picture of Lady Liberty in its design and it reflected the new identity of America at that time. This coin is so rare that it was sold for crores of rupees in its auction. In the year 2013, its bid reached about 10 million dollars!
2. 1933 Double Eagle
This was a $20 gold coin, which was made during the time of economic recession but soon the government decided to remove the currency made of gold. After this, these coins were destroyed, but some coins were saved. Now this remaining double eagle coin is one of the most valuable coins in the world. It was once auctioned for more than 7 million dollars.
3. 1913 Liberty Head Nickel
This coin also has a very interesting story. This nickel coin was actually not officially made, but still only 5 coins are in existence. Due to its rarity, it is one of the most desirable coins in the world. Today its value is estimated in crores.
4. 2007 Quarter – In God We Trust Misprint
Although this coin is new, it had a printing mistake, which made it unusual. Due to this, some collectors bought it at very high prices. Sometimes such small errors in coins make them rare and this is what makes them priceless.
Why do such coins become a means of earning money?
The biggest feature of these coins is – rarity, historical value, and sometimes small errors in them. Coins that are made in small numbers or are related to a special point in history are priceless for collectors.
FAQs
Why do these coins cost so much money?
The price of these coins reaches exceptionally high levels because they are both historically significant and scarce with occasional minting flaws. Most collectors avoid holding these coins because of their scarcity leading to high demand among collectors who bid the prices up accordingly.
Is it also possible to earn money selling old coins?
Yes, if you possess a rare or ancient coin, it can be extremely valuable. You must have its value assessed by a coin expert or numismatics dealer.
Do such rare coins exist in India as well?
Several old Indian coins from British Raj times and Mughal times as well as ancient Indian imperial coins exist in India and they carry significant monetary value.
Are coins saleable online?
Ebay and Etsy along with OLX authorize you to sell coins while coin auction platforms serve as additional options for this purpose. Before selling coins one must receive expert verification of the coin’s actual value.