The realm of numismatics is replete with coins that have transcended their face value to become priceless artifacts of history. Among these, the Peace Dollar stands out, with some specimens fetching extraordinary sums. This article delves into the remarkable journey of the Peace Dollar and highlights six other coins whose combined value exceeds $48 million.
The Peace Dollar: A Symbol of Post-War America
Minted from 1921 to 1935, the Peace Dollar was introduced to commemorate the end of World War I and symbolize the nation’s desire for peace. Designed by Anthony de Francisci, the coin features Lady Liberty on the obverse and a majestic eagle perched on a rock inscribed with the word “PEACE” on the reverse.
Notable Peace Dollar Sales
While standard Peace Dollars are relatively common, certain rare specimens have achieved significant auction results:
- 1921 High Relief Peace Dollar: The inaugural year saw a high-relief design, with approximately 1 million coins minted. Its unique design and limited mintage make it highly sought after.
- 1928-S Peace Dollar: Known for its rarity in higher grades, a 1928-S Peace Dollar in MS65 condition sold for $13,200 in May 2024.
Six More Coins Worth Over $48 Million
Beyond the Peace Dollar, several other coins have captivated collectors and investors alike, achieving staggering auction prices:
- 1933 Double Eagle
- Description: A $20 gold coin designed by Augustus Saint-Gaudens.
- Historical Significance: Although 445,500 were minted, none were officially circulated due to the Gold Reserve Act. Most were melted down, with only a few surviving.
- Notable Sale: In June 2021, one specimen sold for $18.9 million, setting a record for the most expensive coin ever sold.
- 1794 Flowing Hair Silver Dollar
- Description: The first silver dollar minted by the U.S., featuring Lady Liberty with flowing hair.
- Historical Significance: Believed to be among the first silver dollars struck, representing the fledgling nation’s coinage.
- Notable Sale: Sold for $10,016,875 in January 2013.
- 1787 Brasher Doubloon
- Description: A gold coin minted by Ephraim Brasher, a New York goldsmith.
- Historical Significance: One of the first gold coins struck in the U.S., predating the federal mint.
- Notable Sale: A specimen sold for $9.36 million in January 2021.
- 1804 Silver Dollar (Class I)
- Description: Known as the “King of U.S. Coins,” featuring a bust of Liberty.
- Historical Significance: Struck in the 1830s as diplomatic gifts, not in 1804 as the date suggests.
- Notable Sale: A specimen sold for $4.14 million in August 1999.
- 1913 Liberty Head Nickel
- Description: A five-cent coin with the Liberty Head design.
- Historical Significance: Only five known specimens, none officially minted for circulation.
- Notable Sale: One sold for $3.7 million in January 2010.
- 2007 C$1 Million Coin
- Description: A Canadian coin made of 100 kilograms of 99.999% pure gold.
- Historical Significance: Initially created as a promotional piece, with a face value of 1 million Canadian dollars.
- Notable Sale: Sold for €3.27 million (approximately $4.02 million) in June 2010.
Summary of Notable Coin Sales
| Coin Name | Year of Minting | Notable Sale Price | Year of Sale | Description |
|---|---|---|---|---|
| 1933 Double Eagle | 1933 | $18.9 million | 2021 | Rare U.S. $20 gold coin; most melted down, few survived. |
| 1794 Flowing Hair Dollar | 1794 | $10,016,875 | 2013 | First U.S. silver dollar; symbolizes early American coinage. |
| 1787 Brasher Doubloon | 1787 | $9.36 million | 2021 | Early U.S. gold coin by Ephraim Brasher; pre-federal mint. |
| 1804 Silver Dollar (Class I) | 1830s (dated 1804) | $4.14 million | 1999 | Known as “King of U.S. Coins”; struck as diplomatic gifts. |
| 1913 Liberty Head Nickel | 1913 | $3.7 million | 2010 | Extremely rare five-cent coin; only five known specimens. |
| 2007 C$1 Million Coin | 2007 | $4.02 million | 2010 | Canadian 100 kg gold coin; created as a promotional piece. |
Conclusion
The numismatic world is filled with coins that, due to their rarity, historical significance, and unique stories, have achieved values far beyond their face worth. From the Peace Dollar to other legendary coins, these artifacts offer a tangible connection to history and continue to captivate collectors and investors worldwide.
FAQs
What makes the 1933 Double Eagle so valuable?
The 1933 Double Eagle is highly valuable due to its historical significance. Most of the coins minted that year were melted down following the Gold Reserve Act of 1934, leaving only a few known specimens, making it exceptionally rare.
Why is the 1794 Flowing Hair Silver Dollar considered a national treasure?
As the first silver dollar minted by the U.S., the 1794 Flowing Hair Dollar symbolizes the beginning of American coinage and is a cornerstone piece for collectors of early American currency.
How many 1913 Liberty Head Nickels exist today?
Only five 1913 Liberty Head Nickels are known to exist. Their mysterious creation and unauthorized production contribute to their immense value.
What is special about the 1787 Brasher Doubloon?
The Brasher Doubloon was privately minted by goldsmith Ephraim Brasher and is one of the earliest gold coins associated with the United States, predating the federal mint system.
How do I determine the value of rare coins in my collection?
The value of rare coins depends on factors like rarity, condition, demand, and historical significance. Consulting a professional coin appraiser or numismatic expert is the best way to assess their worth.
