Investing in rare coins has proven to be a highly lucrative venture, with some coins yielding astonishing returns. This article highlights three of the most profitable rare coin investments that have collectively generated profits over $25 million.
1. 1933 Saint-Gaudens Double Eagle
Overview:
- Designed by Augustus Saint-Gaudens, this coin features Lady Liberty holding a torch and an olive branch, with an eagle in flight on the reverse.
- Initially, 445,500 coins were minted in 1933, but they were never circulated due to President Franklin D. Roosevelt’s Executive Order 6102, which led to most of them being melted down. Only a few coins survived.
Value:
- In 2002, one of these coins was sold for $7.59 million, setting a world record at that time. Subsequent sales of other specimens have collectively surpassed $25 million in profits.
2. 1794 Flowing Hair Silver Dollar
Overview:
- The first silver dollar minted by the United States, designed by Robert Scot. It features Lady Liberty with flowing hair and an eagle surrounded by a wreath.
- Only about 1,758 coins were minted, and very few have survived in mint condition, making them extremely rare.
Value:
- In January 2013, an exceptional specimen was sold at auction for $10 million, making it the most expensive coin ever sold at that time. The total profits from these coins have exceeded $25 million due to their historical importance and rarity.
3. 1804 Draped Bust Silver Dollar
Overview:
- Known as the “King of American Coins,” this coin was actually minted in the 1830s and 1850s for diplomatic gifts and special proof sets. It features a portrait of Liberty with her hair tied in a ribbon and a heraldic eagle with a shield.
- Only 15 specimens are known to exist, divided into three classes based on their minting period and purpose.
Value:
- In August 1999, the “Dexter Specimen” was sold for $4.14 million. Subsequent sales of other specimens have driven the total value well over $25 million, underscoring its status as one of the most coveted coins in the world.
Summary Table
| Coin | Designer | Initial Mintage | Highest Recorded Sale | Total Profits |
|---|---|---|---|---|
| 1933 Saint-Gaudens Double Eagle | Augustus Saint-Gaudens | 445,500 | $7.59 million | $25 million+ |
| 1794 Flowing Hair Silver Dollar | Robert Scot | 1,758 | $10 million | $25 million+ |
| 1804 Draped Bust Silver Dollar | Robert Scot | 15 known | $4.14 million | $25 million+ |
Conclusion
Rare coin investments provide a unique blend of historical significance, artistic value, and financial potential. The 1933 Saint-Gaudens Double Eagle, 1794 Flowing Hair Silver Dollar, and 1804 Draped Bust Silver Dollar exemplify how certain coins can achieve legendary status in the numismatic world, generating extraordinary profits for those who hold them. These coins are more than just currency; they are artifacts of history, representing pivotal moments in the economic and cultural development of nations. For investors looking to diversify their portfolios with tangible assets, rare coins present a compelling opportunity.
For more detailed information, visit the original article