June 30, 2017: Coins have always been a source of exchange of goods and products. It has been used to make purchases in the economy and asses the value of the products in terms of other products. Interestingly, the coinage was even before the onset of modern world which tells us that the method of buying or exchange of products through monetary items existed long before.
Even now the old coins have huge coin values in the modern world. The collectors are the people who pay ridiculous amounts of money just to get their hands on the ancient coins at various auctions. Some of the costliest coins of the world are:
1849 Double Eagle – This coin is priced at $20 million because this coin was created by United states in Philadelphia in 1849 during the California gold rush. This coin is prices at $20 million
1343 Edward III florin – This coin is placed at around $6.8 million as there are only three pieces of this precious coin left since 1343.
1907 Saint-Gaudens Double Eagle – The coin is priced at $7.6 million. It was produced by Augustus Saint-Gaudens which proved too difficult for the U.S. to make in commercial quantities, which led to the modification of the design.
1794 Flowing Hair Silver/Copper Dollar – Priced at $10 million, it was the first dollar coin issued by the U.S. Government
1907 Saint Gaudens – At $8.5 million, this coin was released in $20 denominations in 1907. The 1907 double thick extremely high relief Saint Gaudens has an estimated grade of Proof.
1723 Umayyad Gold Dinar – Worth $6 million, these gold coins were first struck to the contemporary standard of 4.4 grams and with one or more Arabic Standing figures on the obverse and an Arabic legend on the reverse.
1804 Bust Dollar – Class III– At $2.3 million, the 1804 dollar or Bowed Liberty Dollar was a dollar coin struck by the Mint of the United States, of which fifteen specimens are currently known to exist.
1894 Barber Dime – This coin is priced at $1.9 million and is produced in the United States Barber coinage. It is one of the rarest and most highly prized United States coins for collectors, along with the 1804 dollar and the 1913 Liberty Head nickel.
1343 Edward III Florin – At $680k, it was an attempt in 1344 by English king Edward III to produce a gold coinage suitable for use in Europe as well as in England.
1616 Mughal-era Zodiacal Mohur– Priced at $463k, a Scorpio Gold Zodiac Mohur minted in Agra in the year 1618 CE. Some of these coins are so rare that they are absent even from the collections of national museums of India.
– by Sumit Balodi of NewsGram. Twitter: @sumit_balodi