A coin is a piece of hard material that is standardized in weight, is produced in large quantities in order to facilitate trade, and primarily can be used as a legal tender. Coins are usually metal or a metallic material and sometimes made of synthetic materials, usually in the shape of a disc, and most often issued by a government.
In terms of its value as a collector’s item, a coin is generally made more or less valuable by its condition, specific historical significance, rarity, quality/beauty of the design and general popularity with collectors.
Today in this post I have collected an exciting list of the exceptional coins in the world, which are as well as one of the most exclusive.
Flowing Hair Dollar
The Flowing Hair dollar was the first dollar coin issued by the United States federal government. The coin was minted in 1794 and 1795; its size and weight were based on the Spanish dollar, which was popular in trade throughout the Americas.
In 1791, following a study by Alexander Hamilton, Congress passed a joint resolution calling for the establishment of a national mint.
Later that year, in his third State of the Union address, President George Washington urged Congress to provide for a mint, which was officially authorized by the Coinage Act of 1792. Despite the authorization, silver and gold coins were not struck until 1794. The Flowing Hair dollar, designed by Robert Scot, was initially produced in 1794, and again in 1795. In October 1795 the design was replaced by the Draped Bust dollar.
In May 2005, a specimen striking from the 1794 production was sold in a private sale for $7.85 million, more than any other coin in history. Flowing Hair Dollar, a rare coin tops the list of world’s most expensive coins.
1933 Double Eagle
The Saint-Gaudens Gold Double Eagle Coin, claimed as world’s second most expensive coin, is also a rare specimen. The 1933 double eagle (United States 20-dollar gold coin) is a coin which currently holds the record for the highest price paid at auction for a single U.S. coin.
It was purchased for US$7.59 million. 445,500 specimens of this Saint-Gaudens Double Eagle were minted in 1933, the last year of production for the Double Eagle, but no specimens ever officially circulated and nearly all were melted down, due to the discontinuance of the domestic gold standard in 1933.The 1933 Double Eagle is a symbol of a shared struggle in an interdependent global economy, both in the early 20th Century and today.
Rare Edward III
The Edward III double florin: A rare medieval gold coin declared as 3rd most expensive coin was auctioned for £460,000 (approx: $6.80 million) at the Spink auction house. The coin was in distribution from December 1343 until July 1344. Famous as a double leopard, this coin had a face value of six shillings and is the only third known existing coin of its type.
1804 Silver Dollar
The fourth most expensive coin in the world was purchased by a coin collector in year 2001, who bought the entire set of coins from the King of Siam for $4.14 million. The 1804 Silver Dollar is a United States dollar coin considered to be one of the rarest and most famous coins in the world, due to its unique history.
Divided into “Classes,” 15 specimens are known. Eight comprise Class I, which were minted in 1834. Two Class I specimens trace their lineage to the King of Siam and the Sultan of Muscat. One comprises Class II and six comprise Class III and were minted sometime between 1858 to 1860.
It is alleged both Class II and Class III specimens were made clandestinely by Mint officials. Due to the nature of their rarity, some have been sold for high dollar figures. Replicas and counterfeits exist, some meant to deceive collectors, while others are made to offer a cheap substitute for the real and more expensive coins.
Queen Elizabeth II
The world’s biggest gold coin (weighing a hefty 100 kilos) was minted by the Royal Canadian Mint, with maple leaves on one side and Queen Elizabeth II on the other. It obtains $4 million in an auction at the Dorotheum auction house, Austria. Its purity is 99.999 percent, the purest type in the market. The coin was purchased for more than its face value of $1 million.