“The legendary Brasher Doubloon is one of the most important coins in American history because it’s the first gold coin struck for the young United States and it’s one of handful that exist,” said Todd Imhof, executive vice president of Heritage auctions. “This is a record auction price for one of these historic, early American coins.”
The first gold coin ever made in the United States, considered by some as the most important and valuable coin in the world, sold for a record $4.58 million at a Florida auction. The Brasher Doubloon was the country’s first gold coin denominated in dollars. It has been off the market since it was bought by a Chicago resident in 1979 for $430,000.
The Brasher Doubloon was minted by Ephraim Brasher in 1787, a goldsmith and neighbour of George Washington. The rare gold coin contains 26.66 grams of gold — slightly less than an ounce. It was worth about $15 dollars when it was minted, and now an ounce of gold is worth around $1,250 an ounce.
This coin has been in in pop culture as well as headline news throughout the years. It was featured in two fictional movies: The Brasher Doubloon and The High Window. When the coin was stolen in 1967 from the home of millionaire Willis duPont, the coin was recovered in an FBI sting operation and the rare coin was given some attention. All press is good press!
The Brasher Doubloon was purchased at the 2014 Florida United Numismatists (FUN) convention. It had not been for sale since Chicago collector Walter Perschke paid $430,000 for in 1979. It is 89% gold, 6% silver and 3% copper.
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According to Stack’s Bowers Galleries, a rare coin- the 1794 silver dollar- sold at auction for $10,016,875 in January of this year. The inflation of the price for that silver dollar amounts to more than 1 billion percent. The annual gain for this rare coin that is over 200 years old is about 7.6%. This is an excellent example of compound interest on rare coins. Whether you are starting a collection or a proficient numismatist, it is important to understand that a rare coin collection often takes time to mature. However, the wait may be the best investment opportunity.
The sale of this coin was a historic one. The coveted 1794 Flowing Hair silver dollar set a world record price for any coin. The Flowing Hair dollar was the first dollar coin issued by the US Federal Government. Throughout history, the 1794 silver dollar has ben considered one of the most rare and valuable of all United States coins.
Below you’ll find a video of David Bowers (the seller of the rare coin) on the prized 1794 Flowing Hair Silver Dollar coin.
Premier Coin Galleries – $10 Liberty Head Gold Coin
The 1933 Gold Coin known as a double eagle has sat wrapped in plastic in the Federal Reserve Bank in Manhattan for months. The gold coin was moved last month to the New York Historical Society as a piece of our history. The coin is known as a double eagle because it is worth twice as much as a $10 eagle gold piece. It was struck in 1933, which is the year where FDR took the US off the Gold Standard. That year he ordered the $20 gold pieces destroyed, except for two that were to be put in the Smithsonian Institute. However this coin somehow escaped its fate. It was seized by the Secret Service in a sting operation at the Waldorf-Astoria hotel in 1996.
Some numismatic experts consider this 1933 double eagle to be the Mona Lisa of coins and is the only double eagle that can be legally owned. The owner of the coin is unnamed but wishes for the public to view it. The coin was auctioned at Sotheby’s for $7,590,020 and the purchaser is not a coin collector: he was just romanced by the coins story. He didn’t want to take it home and he didn’t want it to sit in a bank vault. Although it sold for a high price he hasn’t considered re-selling because who would buy it?
For now, the coin will sit in the in the New York Historical Society on Central Park West. It is housed in a case with a caption on the wall reading “The World’s Most Valuable Coin.”
How did this 1-cent penny sell for $1 million? Check your pockets for the other 3 rare pennies from the mistake mint!
In 1943, a Lincoln penny was wrongly struck in bronze rather that the usual zinc-coated steal at the San Francisco Mint. In September of 2012, one of the 4 known surviving rare pennies was sold for $1 million. The Professional Coin Grading Service had determined and certified the coin to be genuine.
Some of the most valuable coins are hidden amongst the pile of change in your purse or piggy bank. The market for the American rare coin has always been of interest to investors. The numismatic value or collector value for the most valuable coins surpass their precious metal content. If you need an assessment, Premier Coin Galleries can help you determine what your rare pennies, rare quarters or any other coins are worth.
Like any other precious metal or commodity, silver prices are subject to volatile price swings. A popular way to invest in silver is often priced by the melt value of coins such as silver quarters. This is also known as “Junk Silver.”
United States Circulated Silver Coins are coins that were in standard circulation until silver was removed from coinage in 1965 and 1970. These are usually found in 40% silver half-dollars. Canadian Circulated Silver Coins were standard in circulation until Canada removed silver from all coinage in 1967 and 1968. The values of these two types of silver coins are priced strictly on their silver content and not their numismatic or collectible value.
Premier Coin has numismatic experts available that help you discover the silver prices of your coins as well as their numismatic value. This value brings the prices up because it has a rich history or is considered rare. Our products are kept to the highest standards. Similar to what we are seeing in the gold market, there is a strong demand for silver. The market for rare coins is getting bigger due to investors wanting to invest in physical and tangible investments rather than paper ones.
Hard assets such as rare coins can add diversification and protection from inflation. These benefits you cannot receive from paper investments alone. The process of investing in rare coins can be quite confusing to new buyers. There are many resources out there to help you along your way to starting a rare coin collection. Premier Coin Galleries is proud to serve those seeking alternatives to the usual paper investments. We are here to answer any questions you may have about starting a rare coin collection as an investment.
When starting a rare coin collection you want to utilize resources you can trust. At Premier Coin you will be sure to get quality information as well as a quality product. Our coins must meet our three point standard of outstanding eye appeal, proven track record, and steady, long term collector/investor demand. With the recent drop in the price of gold, many investors are looking to a coins numismatic (collectible) value. For most investors, they want to consider both the precious metal content as well as a coins’ numismatic value. When you choose Premier Coin Galleries, you can be sure to receive a quality product that can suit any investors needs. Call Premier Coin Galleries For More Information: 1 (800) 820-5006
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Forbes magazine just reported that the numismatic coin collecting interest was revived with gold’s price drop. At Premier Coin Galleries, we know that numismatic coin collecting always appeals to collectors in the gold industry. However the drop in gold prices earlier this year sparked a greater interest in the coin collecting hobby. Although people with a sole interest in bullion may not be interested in the collector’s value of a coin, there is an overall increase for hobbyist.
Due to economic uncertainty, people are looking for alternative means of investing. Purchases such as rare coins, artwork, or something similar are becoming moor popular ways of investing money. There is s something very appealing to the tangibility of hard assets such as rare coins. Numismatic value on coins are being seen as more important to those who are looking to invest.
At Premier Coin Galleries you will find numismatic experts that are available to answer all of your questions. If you are bolstering an existing portfolio, Premier Coin has the highest quality product and widest range of selection for you. If you are a just starting to invest in rare coins, we are here to help you get started with your collection.
Collecting coins can be fun when choosing and organizing your collection. A coin collection is also interesting due to their rich histories. However, collection coins can be profitable tool. When you come to Premier Coin Galleries, you will learn how to get started with your own coin collection. These collections could be for your own enjoyment and to pass down to the next generations.
At Premier Coin Galleries you will get ideas on which coins to purchase and how to organize your new collection. You will get the best information on when and how to buy, sell, and trade your coins.
One of the most important aspects of having a coin collection is knowing how to store and maintain them. Our numismatic experts will be able to assist you along the way. We can give you tips on cleaning, handling, and storage so that your coins maintain and grow their value.
Premier Coin Galleries is dedicated to serving those seeking alternatives to the usual paper investments. We are here to answer all of your questions and to provide the information you need to make educated decisions that fit your personal financial plan. We look forward to hearing from you.
There are a lot of rare coins that are valuable due to their numismatic value. These coins are often overlooked by the untrained eye. At Premier Coin Galleries, we can help determine what is in your pocket besides pocket lint.
1. 1969-S Lincoln Cent With a Doubled Die Obverse
These are exceedingly rare coins. The early specimens were confiscated by the Secret Service until the U.S. Mint admitted they were genuine. Counterfeits abound, but usually have the wrong mint mark.
2. 1970-S Small Date Lincoln Cent With a Doubled Die Obverse
As with virtually all true doubled die varieties, only one side of the rare coins shows doubling. If both sides exhibit doubling, the coin probably exhibits strike doubling instead, and is worth little.
3. 1972 Lincoln Cent With a Doubled Die Obverse
The 1972 (no mint mark) Lincoln Cent doubled die variety shows strong doubling on all elements. The “Cherrypicker’s Guide to Rare Die Varieties”, which was an important source for this article, suggests using a “die marker” to help verify your finds. A die marker is a gouge or crack that identifies a particular die.
4. 2004-D Wisconsin State Quarter With an Extra Leaf
Variety experts disagree about the cause and long-term value of this type, but I’ve included in the list because it is very findable in pocket change and worth hundreds of dollars right now.
5. 1999 Wide “AM” Reverse Lincoln Cent
This variety is known for 3 dates, 1998, 1999, and 2000. The 1999 is by far the rarest. The mint mistakingly used a proof die to make normal circulation coins.
Premier Coin Galleries – Liberty Double Eagle Gold Coin
By knowing how to buy gold coins you can diversify your investment portfolio. In addition to a great investment, gold coins provide you with enjoyment as you build a collection. There are many ways to own gold and use it as an investment for the future. The process can be quite confusing because there are a number of ways to invest and a number of factors to consider when investing.
At Premier Coin Galleries we are available to provide you with a quality product as well as quality information on buying rare and gold coins. When most people think of investing in gold, they think of gold bars stored in a vault. While this is possible for some, there are many other ways for people to invest in gold. One of the best ways is by starting a gold coin collection. Your collection can be enjoyed by the whole family while investing in the future.
Premier Coin Galleries is dedicated to serving those seeking alternatives to the usual paper investments. Our coins are of the highest quality and are dedicated to your satisfaction. We are here to answer all of your questions and to provide the information you need to make educated decisions that fit your personal financial plan. We look forward to hearing from you. Call Premier Coin Galleries For More Information: 1 (800) 820-5006
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