Imagine rummaging through a box full of old memorabilia in your attic and suddenly discovering a priceless treasure. This treasure could be a small historical coin that is worth millions. For coin collectors and ordinary people, the experience of finding such rare coins can be thrilling. These coins are valuable not only as money but also as the history information that is often concealed behind the coins.
There are those that were manufactured by mistake, or those that were minted under certain circumstances that makes one or two of them being sold at millions of dollars at an auction. In this article, we will mention four such special coins that may be hiding in your attic. Also, we will tell you how to identify them and why they are so valuable.
An Overview of Rare Coins and Their Prices
Variant | Unique Feature | Estimated Value |
1976-D Doubled Die Error | Double-stamped design elements | Up to $30 million USD |
Off-Center Strike | Misaligned designs during minting | Up to $35 million USD |
No Mint Mark Variant | Absence of mint mark | Over $1 million USD |
Die Variations | Subtle design discrepancies | Over $10 million USD |
Pristine Uncirculated Condition | Perfectly preserved coins | Over $5 million USD |
Reverse Design Errors | Incorrect or altered reverse designs | Up to $7 million USD |
1. 1909-S V.D.B. Penny: A Collector’s Dream
The 1909-S V.D.B. Penny is one of the most famous of the American coins. It was the first coin in the Lincoln Cent series. Its portrait of Abraham Lincoln on the front and the design of wheat ears on the back make it special.
What makes it special?
The coin was designed by Victor David Brenner, whose initials “V.D.B.” were written on the back of the coin. Due to controversy, the US Mint quickly removed the letters. That’s why only 484,000 of these coins were ever released into circulation.
How much is it worth?
As is the case with many coins, the issuance’s value greatly varies depending on its condition. An average used coin is valued likely to be at around $1000, whereas a near-mint used may be sold at least $100,000. An outstanding specimen of this particular coin was sold in 2010 at $ Million without the last digit.
Could you have it?
If you have old pennies, look for the “S” mark and the initials “V.D.B.” on the back. If you find it, you have a small treasure.
2. 1943 Copper Penny: A Coin Made by Mistake Worth Millions
During World War II, the US Mint started making steel coins due to a shortage of copper. But by mistake some copper coins were also made in 1943, which are counted among the rarest and most valuable mistake coins ever.
Why is it rare?
Only 20 such coins are known. Due to the need for copper for the war, these coins were produced by mistake. This mistake makes them valuable for collectors.
Price and Rarity
Even a normal condition 1943 copper coin can sell for $5,000 to $10,000. High quality specimens have sold for more than $1.7 million at auction.
How to identify?
If you have a 1943 coin, check its metal. Copper coins have a reddish-brown color and they are heavier than steel coins. If it is copper, get it certified.
3. 1913 Liberty Head Nickel: A Mysterious Treasure
The 1913 Liberty Head nickel is a coin that is shrouded in mystery. Only five specimens are known to exist. Its origin is questionable because it was not officially minted for circulation.
Why is it famous?
In 1913, the U.S. Mint had already adopted the Buffalo nickel design. Still, some Liberty Head nickels were made, perhaps privately by employees. The history of all five of these coins is well documented, making it even more interesting.
Market value
The 1913 Liberty Head nickel has sold for as much as $4.5 million. Its limited number and unique story have made it legendary among coin collectors.
Can you have it?
While this coin is nearly impossible to find, if you have nickels from the early 1900s, don’t forget to check them out.
4. 1804 Silver Dollar: The King of American Coins
The 1804 silver dollar is known as the “King of American Coins.” This coin was minted in 1834 to be a gift to foreign diplomats, but it was dated 1804.
What makes it special?
Only 15 such coins exist, making it one of the rarest coins in the world. Its design depicts Lady Liberty and a magnificent eagle, which collectors love.
Price at auction
The 1804 silver dollar has sold for up to $4.1 million. Its rarity and historical significance make it extremely valuable to collectors.
Could you have it?
If you have silver dollars from the early 19th century, be sure to check for the 1804 date on them. You might even find a priceless treasure hidden in your attic.
Frequently Asked Questions About Rare Coins
What determines the price of a coin?
Coins that are made in small numbers, have a unique error or have historical significance are more valuable.
How to identify a rare coin?
Check for unusual dates, mint marks or special materials. If in doubt, have it authenticated by a professional.
Why is the 1943 copper penny so valuable?
This is a mistake coin that is very rare due to its copper content among steel coins struck during wartime.
How rare is the 1913 Liberty Head nickel?
Only five specimens exist, making it the rarest coin in U.S. history.