These US coins and dollars could be worth much more than you might think (2024)

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These US coins and dollars could be worth much more than you might think? ›

Other currency that are worth more than their face value

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. For instance, an 1873 Trade Dollar in mint state can fetch upwards of $2,000.

Key Takeaways. The time value of money is a concept that states a dollar today is always worth more than a dollar tomorrow (or a year from now). One reason for this is the opportunity costs of holding cash instead of investing in higher-return projects. It also arises due to inflation.

There are two main reasons why money in the present is worth more than an equal amount in the future: Inflation and Opportunity Cost.

Value of U.S. One Dollar Coins

In fact, in some years the coins were only sold directly to collectors and dealers by The U.S. Mint. Despite their perhaps seemingly elusive nature, the vast majority of these coins are extremely common and still only worth their face value of one dollar.

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.

The U.S. minted the Saint-Gaudens Double Eagle from 1907 to 1933. While all are quite valuable, the 1933 coin is the most sought after. Only one coin of this type exists legally in a private collection. This 1933 Double Eagle sold for $18.9 million in a 2021 auction and now boasts a higher estimated worth.

The time value of money is a financial concept that holds that the value of a dollar today is worth more than the value of a dollar in the future. This is true because money you have now can be invested for a financial return, also the impact of inflation will reduce the future value of the same amount of money.

How to tell if your money is worth more? ›

You can tell if your dollar bills are worth money by checking your bill's serial number. Low, high, repeating, solid, consecutive, doubles, and stars in serial numbers are a few details to look out for when determining if your dollar bills are more valuable than their face value.

The time value of money (TVM) surmises that money is worth more now than at a future date based on its earning potential. Because money can grow when invested, any delay is a lost opportunity for growth. The time value of money is a core financial principle known as the present discounted value.

Ninety-three percent of millionaires said they got their wealth because they worked hard, not because they had big salaries. Only 31% averaged $100,000 a year over the course of their career, and one-third never made six figures in any single working year of their career.

This is tied to the fact that the US has the largest economy in the world, along with the dollar's use globally. Not only is it commonly exchanged outside the US, but several nations have tied their currencies to the dollar or adopted it as their official currency.

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.

It goes without saying that a mintage that large doesn't leave any room for these coins to ever really be rare. Loose 2000-P Sacagawea coins are still just worth a dollar. However, an original roll of 20 coins usually sells for around $30.

You can find the value of your $2 bill by visiting their U.S. currency price guide online at uscurrencyauctions.com. U.S. Currency Auctions estimates that uncirculated $2 bills from 1890 could sell for up to $4,500, and uncirculated bills from nearly every year between 1862 and 1917 for at least $1,000.

The 1979 Susan B. Anthony dollar is not particularly rare or valuable. In circulated condition, these coins typically sell for around face value or slightly more, depending on the condition. However, there are some key dates and varieties that can command higher prices among collectors.