rarest coin?

Discussion in 'US Coins Forum' started by mercury, May 7, 2004.

  1. mercury

    mercury New Member

    what do you think is the rarest coin that is still existing?
     
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  3. rolltide

    rolltide Member

    1913 Liberty Nickel? I believe 5 were made.
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    It depends on how you define the term rarest. There are a great many coins of which there is only 1 - kind hard to get more rare than that.

    The reason you don't hear so much about these coins like you do with the 5 1913 Liberty nickels or the 1933 $20 St. Gaudens is simple - publicity.

    Now if you define rarest as the most valuable - the current most valuable is a coin struck in India. It was a 1000 mohur and there was only 1 ever made. Back in 1989 the coin was up for auction - the bidding reached 10 million dollars. But the owner of the coin withdrew it from the auction because the bid was too low.
     
  5. rbm86

    rbm86 Coin Hoarder

    Another famous unique coin is the 1849 Double Eagle, which is part of the US Mint Collection. That coin is probably considered priceless, but if the Mint ever offered it for sale, some billionaire would probably offer more than $10 million for it.



     
  6. pog

    pog New Member

    how about the 1943 bronze lincoln cent. now thats an error huh. only 14 minted :cool:
     
  7. chevy

    chevy New Member

    thats true, but less 1913 liberty nickels were made than 1943 bronze cents. Plus, there are a lot of phonies saing they have lost their prized 1943 bronze cents.
     
  8. CohibaCris

    CohibaCris New Member

    There is always the 1933 Double Eagle. But that one is a no brainer, and only rare due to the gov't.
     
  9. chevy

    chevy New Member

    how about those experimental aluminum lincoln cents? the govt. never released those
     
  10. GDJMSP

    GDJMSP Numismatist Moderator

    To see many rare coins I would suggest a visit to this site -

    Coin Facts

    Take your time and browse the entire site. There are a great many high quality pics and tons of useful information to be found here. As well as just about every rare US coin known.
     
  11. National dealer

    National dealer New Member

    43 copper cents? Rare? Barely. 20 to 30 examples.
    1933 St Gauden? Rare? Yes A few still out there.
    1974 Aluminum Cent? Rare? Yes A few still out there
    1975 Aluminum Cent? Rare? A few rumored to exist
    1849 Double Eagle? 1 Minted
    1894-S Barber Dime? 24 minted
    1913 Liberty Nickel? 5 Minted
    1804 Bust Dollar? 15 Known


    Now many seemingly regular coins are rare. Not because many weren't made, but due to many melted, many destroyed, lost, mutilated, and just plain forgotten.
     
  12. mercury

    mercury New Member

    thanks GDJMSP that coins fact website is really helpful!
     
  13. mercury

    mercury New Member

    according to national dealer there is one minted double eagle from 1849, does it mean this is more rare than coin from the earlier 1800s
     
  14. GDJMSP

    GDJMSP Numismatist Moderator


    As I stated earlier - it's hard to have a coin more rare than one with just 1 example. But there are many coins for which there is only 1 example. And it has nothing to do with how old it is or when it was made.

    With some of these ultra-rarities - they only made just 1. In other cases there is today only 1 that is known to exists. And as Nd said - this can be for various reasons. Sometimes the coins were just lost - a shipwreck perhaps. Other times almost an entire mintage was later melted down. But most of these coins are not well known - again because they are not publicized.

    A coin gets famous by being publicized and being sold. But with ultra-rarities - they may sometimes not be sold for 50 or 100 years. Instead they remain in the hands of one collector or his descendents.

    Many people confuse rarity with value - they are not the same. It is not at all uncommon for a coin of much greater rarity to sell for far less than a coin which is much more common. This is because of supply and demand. The more people who want a particular coin - the more it cost. But with many coins of which there are only 1 - not many people even try to collect them or own them because they know there is only 1. Therefore there is very little or no market for these coins.

    It may sound crazy - but it is much easier to sell a coin that numbers in the hundreds or thousands than it is to sell a coin for which there is only 1 example.
     
  15. mercury

    mercury New Member

    GDJMSP you are right now that i think about it. thank you
     
  16. National dealer

    National dealer New Member

    GDJMSP is always right. I and others may not agree with it, but I have never known him to be wrong. The resources at his disposal are legendary on this and some other forums.
    On top of that, he has a keen eye for coins.
    If he ever finds himself living in the land of tax free shopping, he would be welcome at my firm any day.
     
  17. pog

    pog New Member

    you are so right didnt some of the sac mules sell for over 70gees?
     
  18. GDJMSP

    GDJMSP Numismatist Moderator

    Well not quite always Nd. I have been known on more than one occasion to - open mouth - insert foot :eek:

    But thanks for the kind words :D

    pog -

    Yes - some of the Sacky mules did sell for over $80k if memory serves. But there are many, many other coins that are not considered rare ( in relation to numbers known to exist ) at all that have sold for much, much more.
     
  19. chevy

    chevy New Member

    there's no need to be modest, GDJMSP. We all know who you are and know that your advice is very valueable
     
  20. National dealer

    National dealer New Member

    Want rare?

    Here is two odd things.

    Mint records state that 19,570 dollars were minted in 1804.

    Most researches believe that these coins were dated 1803. As all the 1804 Dollars were made in the 1830's and later.
    Some though, believe that 1804 dollars were used in payment for the Lousiana purchase. Supposedly the ship is lying at the bottom of the ocean.

    Here is another.

    1895-P Morgan Dollar. Mint records show circulation strikes made. None are known to exist. All 880 coins listed as being made are proofs. Do circulation strikes exist? Are they languishing in a fed depository someplace?

    For coins that should not be rare, take a look for a proof half cent from the 1840's. These were made in good quantities, yet your odds are better of being struck by lightning than actually finding one.
     
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  21. pog

    pog New Member

    speaking of which i have been meaning to ask why the 1999 and 2001 silver proof sets have been selling for so much? was it because of mintage i mean in 2001 their was an estimated mintage of 889,697 sets and 2002 only 888,826. how come the 2002 is selling for far less? is it the same supply demand thing? or just the quaters themselves?
     
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