Millions of dollars, whether in coins or bills, circulate daily throughout the country. Most are generally only worth their face value; that is, 1 cent coins are only worth 1 cent, and so on. However, some specimens can sell for thousands and even millions of dollars to collectors if they meet certain characteristics.
According to currency website US First Exchange, the value of a coin or bill is determined based on three main factors: rarity, the condition/grade of the coin or bill, and market conditions or demand for it. The combination of these three factors determines whether a coin or bill is worth more or less money.
There are currently some pieces in circulation that are worth tens, hundreds of dollars or thousands of dollars. However, certain specimens can be worth much more. For example, in 2013, a $1 coin sold for more than $10 million.
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The 1-dollar coin worth more than $10 million
A rare 1794 silver dollar, believed to be one of the first to be minted by the United States Mint, holds the record for the most expensive one-dollar coin in history.
This specimen, known as “Flowing Hair”, features a portrait of Lady Liberty on one side and an eagle on the other. It sold for more than $10 million in 2013, breaking the world record at the time for the most ever paid for a rare coin.
However, this coin was relegated to second most expensive coin when the 1933 gold “Double Eagle” sold for $18.9 million in 2021.
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What makes the Flowing Hair coin unique
“Lady Liberty’s curls show incredible definition, even in their highest relief above Liberty’s ear, just as the feathers of the eagle that show all the fine nuances,” notes Stack’s Bowers, the oldest auction house for rare coins in the United States.
Bruce Morelan, an American businessman who likes to collect coins, paid $10,016,875 for the “flowing hair silver dollar” more than ten years ago. According to the Las Vegas Review-Journal, the Nevada businessman in turn sold the piece in 2022 to the auction house GreatCollections based in Irvine, California, for $12 million.
FAQs
1794 Flowing Hair Dollar
What coin is worth ten million dollars? ›
Key Details Of Top 5 Most Valuable Coins
Coin | Year | Current Value |
---|
1794 Flowing Hair Dollar | 1794 | $10 million |
1787 Brasher Doubloon | 1787 | Over $10 million |
1804 Silver Dollar (Class I) | 1804 | $10.01 million |
1913 Liberty Head Nickel | 1913 | $10 million |
1 more rowAug 28, 2024
Is there a coin that's worth $1000000? ›
The 100-kilogram (220-pound) Canadian Gold Maple Leaf is a novelty coin produced by the Royal Canadian Mint with a face value of $1 million. Made of 99.999% pure gold, this monolithic coin features the iconic maple leaf design on the reverse and a portrait of Queen Elizabeth II on the obverse.
What are the most expensive 1 dollar coins? ›
Coin Market Overview: Highest Selling Prices
Type | Mint Year | Auction Sold Price |
---|
MORGAN DOLLARS 1889 CC $1 MS COIN | 1889 | $881,250 |
Peace Dollar, 1921 Peace MS | 1921 | $132,000 |
EISENHOWER DOLLARS 1776-1976 TYPE 1 $1 MS COIN AUCTIONS | 1776-1976 | $28,200 |
1979-P Anthony Dollar--Overstruck on a 1978 Jefferson Nickel--MS-67 (NGC) | 1979 | $15,275 |
2 more rowsFeb 28, 2024
What coins are worth millions of dollars? ›
8 Rare Coins Worth Millions That Are Highly Coveted by Coin...
- 1794 Flowing Hair Silver Dollar. ...
- 1933 Saint-Gaudens Double Eagle. ...
- 1913 5C Liberty Head Nickel. ...
- 1804 Silver Dollar Original — Class I. ...
- 1787 $15 Brasher, Breast Punch. ...
- 723 Umayyad Gold Dinar. ...
- 1894-S Barber Dime. ...
- 1849 $20 Liberty Gold Coin.
What coin was sold for $10 million? ›
The 1794 Flowing Hair Dollar was the first silver dollar minted by the United States. It represents an early piece of American craftsmanship and holds immense historical value. In 2013, a well-preserved coin of this type sold for $10 million, making it one of the most valuable coins ever.
What silver dollar sold for $10 million? ›
The Flowing Hair Dollar sold for $10 million at auction in 2013 to set a new world record for the highest price ever paid for a rare coin, CNN reported.
How do I know if I have a rare $1 coin? ›
To ensure your coin is rare, check for minting errors, such as double strikes or planchet flaws, unique designs, or limited editions. The 2007 Sacagawea Dollar, with Edge Lettering, accidentally featuring a Presidential coin's edge design, is exceptionally valuable due to its rarity, with only one known to exist.
What is the rarest coin? ›
With just one coin currently in existence, the gold 1849 Double Eagle is considered the rarest and most valuable coin in US history.
What 1958 penny is worth $1,000,000? ›
A 1958-dated Lincoln cent mistakenly made with doubling in some letters of the design has sold for a record $1,136,250. It was owned by a New York City collector who died soon after consigning his pristine condition coins to be sold at auction. He spent his life procuring the absolute best-of-the-best Lincoln cents...
Among them, the 1884 and 1885 Trade Dollar coins are exceptionally rare, with only ten and five known to exist, respectively. In fact, in 2006, one 1884 Trade Dollar was auctioned for a staggering $3.3 million! But even more common dates of these dollar coins can be worth a lot of money, especially in higher grades.
How much is a one dollar coin worth from 1776 to 1976? ›
According to the NGC Price Guide, as of September 2024, a Eisenhower Dollar from 1776-1976 S in circulated condition is worth between $10 and $11.25. However, on the open market 1776-1976 S SILVER Silver Dollars in pristine, uncirculated condition sell for as much as $7000.
Which presidential dollar coins are worth money? ›
Most Valuable Presidential Dollar Coins
Coin | Mintage | Current Price |
---|
2007-D George Washington Dollar, Missing Edge Lettering | 50,000 to 100,000 | $260 |
(2007) Thomas Jefferson - Missing Edge Lettering | PCGS has graded around 1300 coins | $100 |
(2007) James Madison - Missing Edge Lettering | over 200 million | $600 |
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What coin is worth over $1,000,000? ›
Some people have made literal millions off of this numismatic trade. For example, according to Smithsonian Magazine, in 2021, a seller made a record-breaking $18.9 million on a 1933 Double Eagle, an American coin.
Which quarter is worth $1,000,000? ›
Standing
Quarter | Estimated Value | Year |
---|
1976 Bicentennial Quarter | $1 million | 1976 |
1796 Draped Bust Quarter | $51,000+ | 1796 |
1804 Draped Bust Quarter | $51,000+ | 1804 |
1823/2 Overdate Quarter | $51,000+ | 1823 |
2 more rowsAug 20, 2024
What coin is worth 3 million? ›
List of most expensive coins
Price | Year | Type |
---|
$3,290,000 | 1913 | 1913 Liberty Head nickel |
$3,172,500 | 1913 | 1913 Liberty Head nickel |
$3,090,000 | 1927-D | Saint-Gaudens double eagle |
$3,000,000 | 1911 | Long Whisker Dragon Dollar |
63 more rows
What is the coin worth 20 million dollars? ›
1943 Bronze Lincoln Cent
Coin | Mintage | Estimated Value |
---|
Bicentennial Quarter | Common, with errors | Nearly $20 million |
1804 Silver Dollar | 15 specimens | $3.8 million (Dexter Dollar) |
1913 Liberty Head Nickel | 5 specimens | $4.56 million |
1933 Saint-Gaudens Double Eagle | Very few survived | $7.59 million |
3 more rowsSep 11, 2024
What is the highest price ever paid for a coin? ›
The most expensive coin in the world is the 1933 “Saint Gaudens” Double Eagle, which sold in June 2021 for a whopping $18,872,250. Yes, that's nearly nineteen million dollars for a single coin. The 1933 Double Eagle was auctioned by Sotheby's on behalf of private collector Stuart Weitzman.
What is the highest valued coin in the world? ›
The 1849 Double Eagle is currently the rarest and most valuable coin in the world, with an estimated value of around $20 million.