For some collectors, it’s all about the thrill of the hunt and the stories behind these rare, historical coins. And for wealthier collectors, finding those rare coins with significant value isn’t just a hobby—it’s an investment and a testament to their passion for numismatics. Here are five of the rarest coins that fetch more than $1,000 and why they hold such high value.
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1. 1908 Saint-Gaudens Gold Double Eagle
This coin is not only valuable but one of the most iconic in U.S. history. With a face value of $20, the 1908 St. Gaudens Double Eagle was designed by the renowned sculptor Augustus Saint-Gaudens. Made of 90% gold and 10% copper, these coins can fetch anywhere between $2,000 and $4,000 based on their condition. Their intricate design and rarity make them a prized piece, and recent auctions have seen them sell for as much as $2,520.
2. 1916-D Mercury Dime
The 1916-D Mercury Dime is among the most sought-after dimes for collectors. With only 264,000 minted, its survival rate is estimated at around 10,000. This coin has a base value of about $1,000, but some pristine examples have sold for a staggering $43,000! Its scarcity and history make it the most valuable Mercury Dime minted, according to numismatic experts.
3. 1937-D “Three-Legged” Buffalo Nickel
Nicknamed the “Three-Legged Buffalo Nickel,” this error coin from 1937 is a favorite for collectors due to a Mint error that resulted in the buffalo missing a leg on the reverse side. This flaw occurred because of over-polishing on the die. Values for this unique coin range from $500 to $150,000, depending on the condition, but beware: some counterfeit versions have been created by removing the fourth leg on regular nickels.
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4. 1878 Morgan Silver Dollar
Morgan Silver Dollars are hugely popular, and certain dates, such as the 1878 Morgan, have become highly collectible. This coin’s initial release included coins from multiple mints—Philadelphia, New Orleans, Carson City, and San Francisco. Collectors prize full year sets, which often sell for over $1,000 in top grades. A recent auction even saw a complete year set go for over $1,020.
5. 1909-S VDB Lincoln Cent
Known for its designer’s initials, the 1909-S VDB Lincoln Cent is famous not only for its beauty but also for the story behind its creation. Designed by Victor David Brenner, the coin initially included his full name, which was later reduced to his initials due to controversy. Only 484,000 coins were minted, making it a must-have for collectors. High-grade examples can reach up to $175,000.
What Adds to a Coin’s Value?
Several factors make these coins valuable: their condition, mintage number, survival rate, and collector demand. The combination of historical significance, limited mintage, and rarity makes them highly sought after and valuable investments. In some cases, even a minor flaw can elevate a coin’s desirability, as seen in the Three-Legged Buffalo Nickel.
Whether for passion or investment, each of these coins tells a story, making them much more than just valuable metal—they’re pieces of history with enduring appeal.