Although coins are largely ignored these days, some seemingly innocuous cash is well worth paying attention to. There are a select few ‘silver dollar’ coins that can fetch millions of dollars due to their rarity or historical significance.
These coins are often the result of unusual circ*mstances during the coin minting process, such as errors in design, uncommon metal compositions, or limited production runs. Coins that are in pristine condition and have a unique or interesting history also hold particular value for collectors. But, while you may think you’ve found a fortune, the real-world value of these coins can vary over time depending on market conditions and the number of interested buyers.
How to tell if a coin is valuable
Typically the most coveted coins for collectors are silver dollars, many of which have fascinating back-stories and hold real historical significance for collectors. If you happen to find one your first port of call should be to check the year that it was issued and the figure that is embossed on it. The rarest coins are given names based on the coin’s design, making them relatively easy to search for and value on grading websites.
This should allow you to roughly value your coin and get an idea of it’s rarity. If it appears that you have a coin that could be worth a lot, consult a reputable professional appraiser to get a better idea of your coin’s value.
The priciest US dollar coins are typically the most unique and most historically significant. Over the course of American history there are a number of examples of coins with strange back-stories becoming extremely coveted, and therefore valuable. Here are some examples...
Flowing Hair Silver Dollar (1794) - The first dollar coin ever issued by the United States Mint with only around 140 of them still in existence. In 2013 one of these coins sold for $10 million at auction, making it the most expensive coin ever sold at the time. According to USA Coin Book, one of these coins can fetch up to $12 million in 2023.
Earlier this week, a Honus Wagner sold for $6.6 million.
Today, Texas Rangers co-owner Bob Simpson sold his 1794 “Flowing Hair” Silver Dollar for $6.6 million pic.twitter.com/VMgPPn5eLF
— Darren Rovell (@darrenrovell) August 18, 2021
Draped Bust Silver Dollar (1803) - This is one of the rarest and most valuable coins, and only four of them are known to exist. Each of these coins are worth around $1 million if they are in good condition.
Draped Bust Silver Dollar (1804) - Often considered the “King of Coins,” only 15 of these coins are known to exist, and one sold at auction for over $10 million in 2013.
Seated Liberty Silver Dollar (1870) - This is the rarest regular-issue US coin, with only one known example in existence. It was discovered in a private collection in 1972 and sold for $750,000 at auction that same year.
Further details of the most valuable coins, along with details on how to identify the lucrative cash, can be found on RareCoins101. In addition to information pertaining to the rarest of the rare, there is also advice on coin grading, key dates to look out for and a full index of the collectors’ rare coins. You never know, you might find your fortune down the back of the sofa.
FAQs
U.S. dollar coins worth money are hard to identify at a glance Their value lies in where they were minted, their historical significance, mintage, precious metal content, whether they are error coins, and their condition.
What coins are worth $1 million? ›
The Most Valuable Coins Worth Millions of Dollars
- 1933 Saint-Gaudens Double Eagle. ...
- 1794 Flowing Hair Silver Dollar. ...
- 1787 Brasher Doubloon. ...
- 723 Umayyad Gold Dinar. ...
- 1343 Edward III Florin. ...
- 100 Kilogram Canadian Gold Maple Leaf Novelty Coin, "The Big Maple Leaf" ...
- Silver Peace Dollars. ...
- 1-Oz Canadian Gold Maple Leaf Coins.
What is the rarest $1 coin? ›
1794 Flowing Hair Silver Dollar
The Flowing Hair Silver dollar was the first dollar coin the United States Mint struck. Less than 120 of them are believed to exist today, making this coin rare and extremely unique.
How to look for valuable coins? ›
In terms of where to search for rare coins, here are seven strategies:
- Search where others don't. ...
- Exchange paper or digital currency for coin rolls at banks.
- Buy a metal detector. ...
- Ask friends and family if you can look at their old coins. ...
- Use change machines.
How much is a 1776 to 1976 dollar coin worth? ›
According to the NGC Price Guide, as of September 2024, a Eisenhower Dollar from 1776-1976 S in circulated condition is worth between $10.25 and $11.50. However, on the open market 1776-1976 S SILVER Silver Dollars in pristine, uncirculated condition sell for as much as $7000.
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...
Is there a million dollar coin? ›
The Big Maple Leaf (BML) is a $1 million (CAD) gold coin weighing 100 kilograms (220 lb) (3,215 troy ounces).
What years of coin are worth money? ›
See if you have any among your coin collection.
- 1892 S Morgan Silver Dollar.
- 1921 St. ...
- 1930 S St. ...
- 1931 D St. ...
- 1874 CC Liberty Seated Dime. ...
- 1871 CC Liberty Seated Quarter. Potential worth: $115K. ...
- 1878 S Liberty Seated Half Dollar. Potential worth: $115K. ...
- 1883 Liberty Head Double Eagle. Potential worth: $114K. ...
How do I know if my Sacagawea dollar is worth money? ›
As with any coin, the value of a Sacagawea Dollar depends on its condition and its rarity. Most of the coins you find will be worth about face value, though you can usually get a few cents more than $1 because they are so prized. But there are a few error varieties that fetch tens of thousands of dollars.
What 1 dollar bill is worth money? ›
There are three things to look for in identifying dollar bills worth up to $150,000:
- The series date located near the photograph of George Washington must read “Series 2013″
- The bill must have a “B” Federal Reserve Seal above the serial number.
According to the NGC Price Guide, as of September 2024, a Susan B Anthony Coin from 1979 in circulated condition is worth between $1.05 and $1.35. However, on the open market 1979 D Silver Dollars in pristine, uncirculated condition sell for as much as $1950.
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.
Are $1 gold coins worth anything? ›
Gold dollar coins vary greatly in numismatic value. Some gold dollar coins, especially common pieces in cull condition, are worth very little over their melt gold value. Other coins can be worth tens of thousands of dollars, especially if you find the right buyer.
What president 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 |
7 more rowsMar 27, 2024
How can you tell if a dollar is rare? ›
What Makes A Dollar Bill Valuable?
- Low Serial Numbers: This includes any serial numbers below 00001000.
- High Serial Numbers: This includes any serial numbers above 99999900.
- Flippers: These serial numbers read the same upside down and right side up (mostly made of 0's, 6's, and 9's and sometimes 8's or 1's).
Which Eisenhower dollars are worth money? ›
As of July 2024, the 1972 Eisenhower dollar value for type I ranges from $3.38 to $4,000 (across Philadelphia, Denver, and San Francisco Mints). The type II coins boast the highest value, ranging from $74 to a whopping $10,800.
Is a 1972 Eisenhower dollar worth anything? ›
1972 Eisenhower Dollar Value
According to the NGC Price Guide, as of September 2024, a Eisenhower Dollar from 1972 in circulated condition is worth between $1.05 and $1.50. However, on the open market 1972 Silver Dollars in pristine, uncirculated condition sell for as much as $2000.