Investing in rare coins is a unique way to make money. Unlike other investments, rare coins are valuable because of their history, beautiful designs, and rarity. This makes them attractive to both collectors and investors. In this article, we’ll look at three rare coins that have together made over $25 million in profits. We’ll explore their history, why they’re so rare, and how they’ve become such valuable investments.
The 1933 Saint-Gaudens Double Eagle
The 1933 Saint-Gaudens Double Eagle is one of the most famous and valuable coins in America. Designed by the famous artist Augustus Saint-Gaudens, it shows Lady Liberty holding a torch and an olive branch on one side and an eagle in flight on the other.
What makes this coin so valuable is its rarity and the interesting story behind it. In 1933, over 445,000 of these coins were made, but they were never released because President Franklin D. Roosevelt ordered all gold coins to be collected to help during the Great Depression. Most of these coins were melted down, but a few survived. These coins have a history full of intrigue, theft, and legal battles.
In 2002, one of these coins was sold at auction for $7.59 million, setting a world record. Since then, other 1933 Double Eagles have been sold, bringing in total profits of over $25 million. The rarity, historical significance, and dramatic history make the 1933 Double Eagle a top investment for collectors.
The 1794 Flowing Hair Silver Dollar
The 1794 Flowing Hair Silver Dollar is the first silver dollar ever made by the United States. Designed by Robert Scot, it features Lady Liberty with flowing hair on one side and an eagle surrounded by a wreath on the other. This coin represents the early days of the United States and the start of the country’s monetary system.
Only about 1,758 of these coins were made, and very few are still in good condition today. The rarity of the 1794 Flowing Hair Silver Dollar is increased by its historical importance and the fact that it was made using hand-operated presses, which caused differences in quality.
In January 2013, one of these coins was sold at auction for $10 million, making it the most expensive coin ever sold at the time. The total profits from selling the 1794 Flowing Hair Silver Dollar have far surpassed $25 million. This coin is seen as a piece of American history, and each time it’s sold, its value increases.
The 1804 Draped Bust Silver Dollar
The 1804 Draped Bust Silver Dollar is often called the “King of American Coins” because of its rarity and beauty. Interestingly, no silver dollars with the 1804 date were made in that year. Instead, these coins were minted in the 1830s and 1850s as gifts for diplomats and special proof sets for collectors.
Designed by Robert Scot, the coin features a portrait of Liberty with her hair tied in a ribbon on one side and a heraldic eagle on the other. Only 15 of these coins are known to exist.
In August 1999, one of these coins, called the “Dexter Specimen,” was sold at auction for $4.14 million. Since then, the value of this coin has continued to rise, and the total profits from selling the 1804 Draped Bust Silver Dollar have significantly surpassed $25 million. Its rarity, mysterious origin, and beautiful design make it a top investment for collectors and investors.
Investing in rare coins is a unique opportunity that combines historical importance, artistic value, and financial potential. The 1933 Saint-Gaudens Double Eagle, 1794 Flowing Hair Silver Dollar, and 1804 Draped Bust Silver Dollar show how certain coins can become legends in the world of coin collecting, bringing in extraordinary profits for their owners.
These coins are not just pieces of money; they are pieces of history that represent important moments in the economic and cultural history of the United States. For investors looking to diversify their portfolios with tangible assets, rare coins offer a compelling opportunity. As these top rare coin investments have shown, the combination of rarity, historical importance, and market demand can lead to soaring profits, making them a valuable addition to any investment strategy.
Why are rare coins like the 1933 Double Eagle so valuable?
Rare coins like the 1933 Double Eagle are valuable because of their rarity, historical importance, and the interesting stories behind them.
What makes the 1794 Flowing Hair Silver Dollar special?
The 1794 Flowing Hair Silver Dollar is special because it was the first silver dollar ever minted by the United States and is extremely rare.
Why is the 1804 Draped Bust Silver Dollar called the “King of American Coins”?
The 1804 Draped Bust Silver Dollar is called the “King of American Coins” because of its extreme rarity, beauty, and mysterious production history.
How much profit has been made from selling these rare coins?
The total profits from selling the 1933 Double Eagle, 1794 Flowing Hair Silver Dollar, and 1804 Draped Bust Silver Dollar have exceeded $25 million.
Can investing in rare coins be profitable?
Yes, investing in rare coins can be very profitable, as these coins often increase in value due to their rarity, historical significance, and market demand.