Josephine Coins Ltd

Top 5 Rarest Coins

For coin collectors, finding a jar of coins and coming up with a rare one that’s worth serious money is the stuff of dreams. So is finding a treasure in the attic or an old dresser drawer. If you already built a sizable collection of coins, you may be surprised to find some loose change that’s worth more than you could possibly imagine.

 

In today’s post, we have listed the world’s rarest coins. Though they are not likely to be hiding in your attic or tucked away in a safe deposit box at your parents’ bank, you might still find it worth your while to learn about these coins.

 

1. The 1794 Flowing Hair Silver Dollar

This coin may sit atop the rankings of the most expensive coins ever sold. Believed to be the first silver dollar struck by the U.S Mint, the 1794 Flowing Hair Silver Dollar features a profile of Lady Liberty in front, while the reverse shows an American eagle. Some experts believe no fewer than 1,800 of these coins were ever produced.

 

In 2013, it sold for over $10 million. At present, the number of remaining coins is somewhere between 120 and 130, making it the world’s rarest coin.

 

2. The 1787 Fugio Cent

This pricey collectible has an interesting history to it. Also known as the Franklin cent, named after Benjamin Franklin, the Fugio cent may have been the first coin circulated in the newly formed United States. It shows a sun and sundial with the Latin motto “fugio,” whiich suggests that the sun and time are flying.

 

At the bottom, it says “mind your business.” This is an invocation for the coin bearer to literally pay attention to their business affairs. The reverse features the motto “We are one” and a chain with 13 links to symbolise America’s first 13 states.

 

For a coin with such an interesting history, it is relatively accessible. You could buy a Fugio cent for a few hundred dollars, though the ones in better condition may go for a few thousand dollars. The extremely rare variants are prized for tens of thousands.

 

3. The 723 Umayyad Gold Dinar

This is one of the most prized Islamic coins. It was struck from gold mined at a location owned by the caliph and is the first Islamic coin to mention a location in Saudi Arabia. It bears the marking “mine of the commander of the faithful,” referring to the caliph’s gold mine.

 

It is said that there are about a dozen of these coins in existence today. It’s the second-most expensive coin ever sold at auction, which fetched $6 million or 3.7 million pounds in 2011. Another version of the coin was sold for the same amount in pounds in 2019.

 

4. The 1343 Edward III Florin

Another one of the world’s rarest coins is an oldie and goldie, the 1343 Edward III Florin. It is just one of three gold coins known to exist. Two of which were found in the River Tyne in 1857 and are now housed in the British Museum in London, and the third one was found in 2006 by a prospector with a metal detector.

 

The front profile of the coin features King Edward III on his throne with two leopards’ heads on either side. It is also known as the Double Leopard because of its design. The reverse profile shows the Royal Cross inside a quatrefoil.

 

It was sold at auction for 480,000 pounds or about $850,000 in 2006. This was a record at the time for a rare British coin. Today, this oldie but goldie is valued around $6.8 million.

 

5. The 1943 Lincoln Head Copper Penny

Of all the coins we’ve mentioned thus far, this one might be found tucked inside a dresser. It’s the conditions surrounding its production that make it quite interesting and valuable. Pennies were normally made of copper and nickel, but the US needed the metals for war efforts. Thus, the mint started using steel to produce coins.

 

The mint mistakenly struck a batch of pennies with copper, probably because blanks remained in the press when it began making new steel pennies. Most experts estimate about 40 of the 1943 Lincoln Head copper pennies still exist, but others say no more than 20 pennies remain. Because of the relative ease of coating steel pennies with copper and altering the date on coins struck in 1945, 1948 and 1949, these coins are frequently counterfeited according to the US mint.

 

To check if the coin is actually steel, see if it sticks to a magnet. A regular steel penny might fetch 30 or 40 cents, which is about 30 or 40 times more than its face value. In 2019, the special copper versions fetched $204,000 at auction.

 

Discover Valuable and Antique Coins Today!

Whether you’re looking to have a good time with your coin collection as a hobbyist or want to try to make some money as an investor, browse through our collection of rare and antique coins and discover collectibles that suit your fancy. Contact Josephine Coins on 020 38972252 or 0203 8972242 for enquiries.