Here on Regulated Broker we love precious metals. We can’t help but satisfy our inner magpies when we see a nice silver coin or gold coin, and we’re not alone either. There are many millions of investors in precious metals out there, and many of them stack gold or silver out of an adoration for the metal, as well as an investment opportunity.
Many of these investors will never see or purchase coins worth more than a few thousand, and coins that carry such a high price tag based entirely on a premium — as opposed to their precious metal content — are even rarer. Still, coins with huge premiums do exist, and in this article we’ll look at the most expensive ones.
10. 1787 Brasher Gold Doubloon — $2.5 million
There are several variants of this coin and all are worth a lot of money. This one has the words “EB” inscribed on it. “EB” is the initials of the goldsmith that created the coin, Ephraim Brasher. He put his initials in different locations on the coin, which is why other versions exist.
9. Liberty Head Silver Dollar — $3.6 million
Minted back in 1913, this is a super rare silver coin that carries a meagre precious metal value, but an impressive premium. The face value is also low, at just 5 cents, but this coin was minted in limited numbers and when one survived until 2010 and was spotted by a keen collector, it fetched $3.7 million. In the five years since then it has been suggested that the Liberty Head coin has increased in value significantly and could now be worth $4.5 million.
Whilst we’re sure the original seller will be happy with his $3.7 million, the potential $800k profit the buyer would make if he sold it is not bad either.
8. Million Dollar Gold Coin — $4 million
Strangely enough, the “million” dollar coin is actually worth $4 million, with the name referring to the value of the precious metal content. As you can imagine, $1 million dollar’s worth of gold adds up to a sizable amount, which is why this coin weighs 100 kilos. It features a portrait of Queen Elizabeth II and was minted by the Royal Canadian Mint. This was produced as a one-off, but they continue to produce these coins on request for special customers.
This coin might be a little too big for your collection, but it carries a huge premium for such a new coin.
7. 1822, Half Eagle — $6 Million
Minted in 1822, this is a gold coin that is very rare. This is despite the fact that nearly 18,000 coins were struck and is down to the fact that only a couple of those survived the near 200 year interim period. In fact, there are only three surviving 1822 Half Eagle coins in the world and two of those are held by the world famous Smithsonian museum in Washington D.C.
6. Silver Dollar from 1804 — $7 million
There were only 15 of these silver dollars struck, and contrary to the name (and the date on the coin) they were actually struck in 1834. They were given as a diplomatic gift and were not intended for circulation. They were struck in the highest proof quality and whilst we can’t verify whether the original recipient was impressed, we imagine that the current owner will be, as this coin has been valued at over $7 million.
5. 1933 Double Eagle — $7.5 million
This is a very rare gold coin, despite the fact that close to half a million of them were minted. This is because the coin was actually never circulated and many of the coins that were struck were then melted down and used to create other coins and bars. A few of them escaped and they have been coveted by coin collectors ever since, with one of them sold for a little over $7.5 million in an auction just a few years ago.
4. 1794 “Flowing Hair” Silver Dollar — $8 million
So named because because of the portrait on the front, which features Liberty looking like she belongs in a shampoo commercial, this is thought to be the first ever coin struck by the US Mint. That makes it about as rare as you would expect, which is why this coin has been valued at close to $8 million and why it is the most valuable silver coin in existence.
3. 1907 Saint Gaudens Gold Coin — $8.5 million
With an initial face value of just $20, this is a gold coin that was first struck in 1907. It is quite an attractive coin and if you want to see it for yourself then head for the Smithsonian, where there are two copies on display.
2. Half Union Gold coin from 1877 — $15 million
The Smithsonian is one of the best places to view the rarest coins, and as well as everything else mentioned so far in this article, they also hold two copies of this coin, which have been valued at $15 million each.
This is a huge valuation when you consider the price of the other coins on this list, and it is also very impressive when you consider that just a couple of years ago these coins were valued at “just” $10 million each. That’s the sort of price rise that gold and silver stackers dream of, although we can’t imagine that the Smithsonian will be selling them anytime soon.
If they every wanted to sell their stock, you’d imagine they’d have a field day, as would with all the coin collectors seeking to be first in line to make the purchases.
1. Double Eagle, 1849 — $20 Million
So here we are, the rarest and most expensive coin in the world, a Double Eagle that is valued at an astonishing $20 million. This is as rare as you will get and, perhaps unsurprisingly, this coin is currently held by the Smithsonian museum. So, if you want to see the most expensive coin in the world, and to see some of the others on this list, then head for the world famous museum in the US capital.