Typically, older coins are harder to find in good condition, becoming rarer and rarer with each passing day. The age of an old coin can play a significant part in its value. Take Our Poll: Do You Think Bankruptcy Is an Acceptable Way To Escape Student Loan Debt? Age “ Collectors and investors in rare coins often look for these factors when determining the value of a particular coin.” Metal Contentįor a rare coin to hold a higher price value than the number we normally assign it, the metal contents have to be either precious or base. “The rarity and historical significance of a coin, as well as its metal content and design, can all impact its value,” says Kamil Faizi, owner of Challenge Coins 4 U. So as you dig through your pockets, break open your piggy bank, search under couch cushions, and go through the storage closet searching for coinage, keep some things in mind so that you don’t miss out on cents that could be worth big bucks. It sold at auction in 2022 for $19 million.” After a legal battle, the coin was declared the only legal example that could be owned. “In the 1990s, another example was confiscated in a sting operation by the Secret Service. “The coins were never officially released and shortly thereafter, the small number of coins that escaped the Mint were declared illegal to own and most were confiscated,” says Garrett. gold coins) that were struck, then subsequently melted when gold was recalled by President Franklin D. “The most expensive coin sold at auction has one of the best stories ever!” declares Jeff Garrett, a past president of the Professional Numismatists Guild, citing the 500,000 1933-dated Double Eagles ($20 denomination U.S. You just have to know what you’re looking for. Lots of times, currency we see on a regular basis, like a quarter, could be worth upward of $2,000. More: How To Build a Financial Plan From Zero Related: Check Your $2 Bills - They Could Be Worth Upward of $4,500 There’s an old saying about not taking any wooden nickels - but what if that coin was enough to make you a millionaire? Not saying that a wooden nickel is worth that much money or even exists, but there are some rare coins out there which are worth more than just their face value.
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