Tag Archives: coin collecting

The Top 5 Rarest US Coins

While there are many rare coins throughout the world and history, and many would debate where they would rank in rarity. Most believe in rarity based on number minted and how many are known to exist. Monetary value also has a big part to play. With that said, here is our list of the top 5 rarest US coins.

1863 Liberty Head Gold CoinNo. 5 – 1861 Liberty Head Gold Coin

This gold coin coming in at number five on our list was actually minted on accident. Late revisions for the coin were issued to the US mint but they didn’t receive word of them until after some of the coins had already been produced and put into circulation. Only two are know and in 2010 went for a cool 5.6 million dollars.

1804 Crosset Liberty Gold EagleNo. 4 – 1804 Ten Dollar Gold Piece

Less than 10 of these rare coins were ever produced, and only three are known to still currently exist today. Additionally, these coins were produced three decades after their minted year. The most recent sighting of this coin was seen in 2005 where it was sold 8.5 million dollars. These like their more rare silver dollar counterparts were mainly produced for diplomatic purposes.

1913 Liberty Head NickelNo. 3 – 1913 Liberty Nickel

Another US Mint mistake is the 1913 Liberty nickel. Produced in 1913, the liberty head nickels were produced without the US Mint knowing. Since the buffalo nickel was supposed to be produced that year, no liberty head nickels were to be minted but somehow a handful were made. Samuel Brown, an employee of the US Mint is credited for secretly minting these coins and then sneaking them out of the office. Only five are known to exist, two are exhibits in museums and the other three are part of private collections. The last time one of these nickels was at public auction was in 2010 where it fetched 3.7 million dollars.

1933 Saint Gaudens Gold Double EagleNo. 2 – 1933 Saint-Gaudens Double Eagle

One of the rarest coins known, the Saint-Gaudens Double eagle was minted in 1933, but was never released into circulation due to a change in currency laws during the Great Depression. The entire run was supposedly melted down into gold bullion. However, a US Mint cashier is said to have given out some of the coins in exchange for earlier double-eagles. Outside of the two that are in the national currency collection at the Smithsonian there are two other known coins. The only known auction of the coin was handled by Sotheby’s where it fetched 7.5 million dollars.

1804 Silver DollarNo.1  – 1804 Silver Dollar

Coming in at the top of the list is the 1804 Silver Dollar also known as the Bowed Liberty Dollar. This coin is the holy grail of numismatic collectors. Currently, there are only 15 known genuine 1804 silver dollars. These rare coins were actually produced 30 years after their stamp date and used mainly for diplomatic purposes. One example is the famous King of Siam coin which can be seen in the movie, “The King and I” and in the novel, Anna and the King of Siam. This silver dollar is also one of the few coins to possess three separate classes of quality. Class I is considered the original genuine coin. Class II and III were produced illegally by an employee of the Philadelphia branch of the US Mint. All of the Class II were seized and destroyed save one which resides in the Smithsonian. Class III were also produced illegally and while the US Mint tried seizing all of these copies as well some had already been distributed to collectors.

That’s our list of the Top 5 rarest US coins, check out our collection of rare coins on our website. Think that we missed one or labeled one too high? Comment below or on our Facebook page.

Gary Dyner is the owner of Great American Coin Company. Connect with him on .

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New Year, New Hobby!

coin collectingCoin collecting is fun! For more than 2,000 years, coins have been meticulously spent and collected. Some coins have value that far exceeds its currency. Plus, a coin collection is a great way to start a family heirloom, which can be passed on for prosperity for future generations.

Why collect coins

There are many reasons to collect coins. First, each coin has a unique story. Whether it was struck during a time of ration or to symbolize a patriotic hero, each coin offers a glimpse into the past. Each coin also has a certain mint mark and composition. Some people collect coins because of their value. Certain coins, particularly gold or silver ones, appreciate in value. Others collect coins purely out of admiration and enjoyment.

Types of coins

There are various types of coinage available to collectors. For starters, there are regular issue coins, which are struck by a government authorized mint and are intended for general circulation. Most coins fall into this category since they are most readily available.

Another type of coinage is proof coins. These coins are struck using a specific technique to produce highly mirrored fields and frosted devices. This technique produces a beautiful coin, which makes for a great gift or display piece.

Commemorative coins can either be uncirculated or proof. They are typically minted in silver or gold and commemorate a significant event, person or organization in history.

Finally, bullion coins are uncirculated coins commonly collected for investment purposes. These coins are often silver, gold or platinum. Bullion coins are sold at melt value, or what the metal of the coin is worth if you were to melt it down.

Long-term hobby

Coin collecting gives you the opportunity to pursue a lifelong hobby. In a world of instant gratification, coin collecting teaches patience. The best coin collections are built over time, even years. Keep in mind, coins are a long-term investment. That said, you will want to hold on to your coins for at least five to ten years for greatest profit.

People collect coins for personal pleasure or for investment purposes. Today, many people are looking for items of value that they can hold onto. While cars and jewelry can depreciate in value, coins become more valuable over time. This year, start a hobby that will make you happier and more profitable in the years to come!

Gary Dyner is the owner of Great American Coin Company. Connect with him on 

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Collecting Coins With Kids

youth_hobbies_coin_collectionCoin collecting is one of the best hobbies to get kids involved in. Not only does it teach them about art and history, but it’s also a great way to educate children about our currency. Another reason people collect coins with kids is the hope that they will appreciate in value. Whether you choose to collect for fun or investment, coin collecting is a hobby that can last a lifetime!

Bonding over coins

Collecting coins with children can be fun for both of you. It’s a great way to share something special with your child as well as teach them about people, art, history, politics, and much more. Sharing this hobby together is great way to forge a strong relationship with your child.

Learn about money

Coin collecting teaches kids about saving, investing and preserving wealth. Unlike a video game, coin collecting will teach kids the value of money and how different currencies relate to one another. It also educates kids on the value of silver and gold.

Reading materials

If your child is interested in coin collecting, there are plenty of reading materials available. For starters, Coin Collecting For Kids by Steve Otfinoski is a great resource. This book has a lot of pictures and illustrations, which children love! A coin collector staple, the United States Coins book is packed full of great history about U.S. coins.

Getting started

A common misconception about coin collecting is that it’s expensive to get started. In reality, It’s easy to start collecting. Start by having your child examine the coins you already have. If you make a game out of it, your child will enjoy searching under the sofa and in pockets for loose change.

Coin supplies

Part of collecting coins is maintaining them properly. Buying coin protectors will help you safely store your child’s collection. Coin protectors are fairly cheap and can be purchased online and in any coin shop. Every young coin collector should also have a magnifying glass. This will help to identify mintmarks, designers’’ initials and other minute details.

Gary Dyner is the owner of Great American Coin Company. Connect with him on 

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