Rarest U.S. Coin Is Worth $20 Million
Here's a reason to start collecting, the group says that the most valuable rare coins have increased in value by an estimated 25 to 50 percent the past year. There are currently 235 historic U.S. coins valued at $1 million or more that are in private collections or museums (an estimated total combined value of $548.6 million).
"It was only 15 years ago that a coin first broke the million dollar mark at auction. That coin is the finest of only five known 1913 Liberty Head nickels, and in 1996 it sold for $1,485,000. It now is valued at $4,500,000," explained David Hall, President of Collectors Universe, Inc.of Santa Ana, California.
The 2011 PCGS Million Dollar Coin Club listing was compiled by Hall and Ron Guth, President of PCGS CoinFacts, in consultation with four other well-known professional numismatists: Jim Halperin, Co-Chairman of Heritage Auctions, Dallas, Texas; Kevin Lipton, President of Kevin Lipton Rare Coins, Beverly Hills, California; Greg Rohan, President of Heritage Auctions; and Laura Sperber, President of Legend Numismatics, Lincroft, New Jersey.
A 1794 Silver Dollar (graded PCGS Specimen 66 and shown at left) is listed at $7.85 million up from $5 million last year. In a private collection, this is believed by some experts to be the very first silver dollar struck by the United States Mint.
The 1804 Class I ("Original") Silver Dollar (graded PCGS Proof 68 and shown at right) worth $7.5 million is the finest of the 15 known, famous 1804 silver dollars. This coin, now in a private collection, was originally given to the Sultan of Muscat in 1836 as a diplomatic gift on behalf of President Andrew Jackson. Another coin from that same gift, the 1804 Class I ("Original") Silver Dollar (graded PCGS Proof 67) valued at $6.5 million.
Rounding out the list is an 1822 $5 gold piece (estimated grade Extremely Fine 45) valued at $6 million is one of only three surviving 1922 Half Eagle gold coins out of 17,796 struck. The other two specimens are in the Smithsonian.