Rare coins are a big deal for collectors, and some of them fetch prices that might surprise you. In January 2013, a U.S. coin made history by selling for over $10 million at an auction. This sale broke records for the most expensive coin ever sold. The coin, known as the Cardinal Collection dollar, is a 1794 Flowing Hair silver dollar, which could potentially be the first-ever dollar coin minted in the U.S.
The Cardinal Collection Dollar: A Historic Coin
The Cardinal Collection dollar is a 1794 Flowing Hair silver dollar. It’s special because it was the first year the U.S. minted dollar coins. This particular coin is in superb condition, graded as “Specimen 66” by the Professional Coin Grading Service (PCGS). This high grade means the coin is nearly perfect and extremely rare, making it a top item for collectors. Experts even believe it could be the very first U.S. dollar ever minted.
The coin has been carefully stored and preserved for over 200 years, which explains its great condition. While all early U.S. dollar coins are valuable, this specific 1794 dollar stands out as the finest known example. Its sale for over $10 million in January 2013 at Stack’s Bowers Galleries marked a new record for any coin sold at auction.
Liberty Nickel: Another Valuable Coin
Another rare coin that grabbed attention was the 1913 Liberty Nickel. Only five of these coins are known to exist. The Liberty Nickel was supposed to be discontinued in 1912, but a mint employee named Samuel W. Brown reportedly produced five coins with the 1913 date. These coins became incredibly rare and valuable.
One of these Liberty Nickels was scheduled to be auctioned in April 2013 by Heritage Galleries Auction House. Experts estimated that it could sell for up to $5 million. This coin also has an interesting backstory. It was once owned by George O. Walton, who tragically died in a car accident. For years, the coin was thought to be a fake, but after careful review, experts confirmed its authenticity, adding to its high value.
| Coin | Auction House | Estimated Value |
|---|---|---|
| 1794 Flowing Hair Silver Dollar | Stack’s Bowers Galleries | Over $10 million |
| 1913 Liberty Nickel | Heritage Galleries Auction House | Up to $5 million |
Conclusion
Rare coin collecting is more than just a hobby; it’s a serious business that can lead to big payouts. The sale of the 1794 Cardinal Collection dollar for over $10 million marked a new chapter in numismatic history, while the 1913 Liberty Nickel remains a highly sought-after treasure. Both coins remind us of the rich history behind U.S. currency and the excitement of finding and preserving rare pieces.
FAQ’s
What is the most expensive U.S. coin ever sold?
The 1794 Flowing Hair silver dollar, known as the Cardinal Collection dollar, holds the record, selling for over $10 million in 2013.
Why is the 1794 Flowing Hair silver dollar so valuable?
It’s one of the first dollar coins ever minted in the U.S. and is in nearly perfect condition, making it highly valuable to collectors.
How many 1913 Liberty Nickels exist?
Only five 1913 Liberty Nickels are known to exist, making them extremely rare and valuable.
What is the story behind the 1913 Liberty Nickel?
The Liberty Nickel was supposed to be discontinued in 1912, but five coins with the 1913 date were made by a mint employee, making them rare collector’s items.
How much is the 1913 Liberty Nickel expected to sell for?
Experts estimate it could sell for up to $5 million at auction.