Most Expensive Coins 2018-04-20T19:01:00+00:00

NUMISMATICS 101

Money as a concept is a strange one. Often, the materials used to make our cash—paper or metals—are worth a fraction of the value of what’s printed or embossed on their faces. But sometimes, thanks to rarity, historical happenstance, or minting or printing errors, our cash is worth more than its face value. Occasionally, a lot more

THE WORLD’S MOST EXPENSIVE NUMISMATIC COINS

US 1787 Brasher Doubloon

$4,582,500.00

US 1792 Birch Cent

$2,585,000.00

China 1920 Dollar Yunnan

$1,062,000.00

China 1992 Gold 2000 Yuan

$1,298,000.00

What Makes A Coin Rare & Valuable?

Rarity is one of the most important factors in establishing the value of a coin. Generally speaking, a scarce or rare coin will sell for considerably more than a more common coin. Take for example the 1948 silver dollar of which just 18,780 pieces were struck at the mint.

The coin easily sells well into four figures in MS-65 condition. The very next year saw the issuance of the very popular “Matthew” silver dollar. Thos coin is actively sought by collectors owing to the beauty of its design.

However, the mintage figure amounted to 672,218 and therefore it is considered on the common side of the equation since ample supplies exist for those interested in obtaining a specimen.

A price in the very low three figures is what one can expect to pay today for a MS-65 example. The 1048, on the other hand, is extremely difficult to find in a gem state of preservation.

Interestingly enough, the age of a coin is one of the least important factors in gauging a coin’s value.

In fact, certain bronze issues of ancient Rome are available for about $19 each in decent readable condition whereas a coin issued but a few years ago that much or more.

Condition though is a very important factor in establishing value. The condition, or grade, of a coin indicates the amount of wear, if any, the coin has received since its striking. As one might suspect, the higher the grade, the higher the price.

A Mint State (or uncirculated) coin will invariably sell for much more than a similar date in very good or fine condition.

The metallic content, or intrinsic content, of a coin also plays a role in its value. The current silver and gold values on the commodities market have escalated the price of common coins in those metals to high prices not in keeping with their true numismatic values. Caution is in order.

The artistic design of a coin can also play a role in its value. I believe that it is safe to say that the Bluenose 10-cents coin is infinitely more desirable to a collector than a coin of that denomination bearing a wreath on its reverse. Collectors, for the most part, are attracted to certain issues because of their design elements. This brings us to the next consideration – demand.

Components of the overall condition factor include, but are not limited to any physical damage the coin may have received, sharpness of strike, eye appeal, or aesthetic beauty and the coin’s net grade.

Physical damage includes scratches, dents, gouges, corrosion, carbon spots and improper cleaning to name a few examples.

Strike is an important consideration. A well struck coin that brings out all the design highlights is always in much greater demand than a weakly struck example. This is especially true of uncirculated coins. Such a coin with sharp, crisp design elements is always favoured over one that displays weak or “mushy” looking design elements.

Eye appeal is basically “How does the coin look to you?” The rule of thumb here is that attractive coins are much more eagerly sought by experienced collectors than unattractive coins regardless of the coin’s grade.

Demand, or the lack of it, explains why certain scarce early coins can be obtained for relatively nominal sums in relation to more current issues. An uncirculated 1`923 cent can cost much more than a much scarcer large cent in the same grade. The answer is that more collectors are assembling sets of small cents and have ignored the early large cents.

Demand can and most probably will change over time. History tells us that it is inevitable. What was popular long ago is not so much in demand today. Collector fancies do change over time. Demand then is the ultimate factor in determining a coin’s value. A collector will not pursue a damaged or weakly struck coin. Neither will the individual want a coin with zero eye appeal. In summation, if 100 specimens exist and only 20 collectors seek it, there is minimal value attached to the coin.