Beginning A Coin Collection? Here Are 4 of the Most Expensive & Rare Gold Coins
Posted on: 15 July 2014
Who hasn't dreamed of finding something worth millions of dollars? It is a nice dream, but the reality is that this occurrence seldom happens. But if you collect coins and do whatever you can to seek out the rarest and most valuable ones, you just might find something worth a lot of money. If you are just beginning your coin-collecting hobby, you can start by learning about some of the world's most valuable gold coins.
1933 Double Eagle
One of America's $20 gold coins saw its last production in 1933. Because of the Great Depression, and the revocation of the gold standard by President Roosevelt, almost all of the 445,500 double eagle gold coins were confiscated and subsequently melted down. Only a very few of these coins exist today, and one person purchased one at auction for $6.6 million.
1907 Saint Gaudens
The Smithsonian Institute has two copies of the 1907 Saint Gaudens $20 coin. This coin is one of the few coins minted without the words "In God We Trust." The Saint Gauden is one of the most sought-after coins for collectors. But if you choose to purchase one, you may find it difficult to find and expensive if you do. One lucky owner of this rare coin was able to out-bid other bidders to grab up this coin for a cool $7.59 million.
1849 Double Eagle
The beginning of the gold rush was quite a time in American history and the world's history as well. The 1849 double eagle was coined during that time and is worth $15 million today. The US minted this coin in $20 denominations and the very first piece is on display at the Smithsonian Institute's National Numismatic Collection.
1787 Brasher Doubloon
New York City goldsmith, Ephraim Brasher put his initials on the 1787 Brasher Doubloon, which historians believe to be the first gold coin minted in America. You can spot this coin easily because he engraved his initials on the wing. This coin is perhaps one of the rarest in the world, and getting your hands on one will be difficult. It is on display in Newport Beach, California and has an insurance value of $10 million.
Check your gold coins to see what you have in your prized collection. While you might not have anything this glamorous or valuable, you just might have something that is worth a lot more money than what you might expect. Gold coins are big business these days, but collecting rare older coins takes a lot of work and a lot of study. If you are considering starting a collection, study as much as you can so that you can spot some of the world's finest gold coins through sources like Coin Emporium.
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