Most expensive coin sales
This hub is to show you all the most expensive collector coin sales in history.If you have read my other hubs you know I love coin collecting.It is a very interesting,and profitable hobby.If you haven't read my other history of coins hubs,the links are here:
The highest price paid for any one coin was $7,590,020.00.The reason behind the outrageous price is quite interesting.
In the 1930s the U.S. was in a crunch.The banks had a crisis.To save it Franklin Roosevelt and his cabinet made it illegal to own gold with the gold reserve act.All 1933 gold double eagles were supposed to be melted.Some were stolen and one ended up in the hands of King Farouk of Egypt.
When the King was ousted in a coup the coin disappeared.It reappeared in the hands of a British coin dealer.The United States treasury cofiscated the coin and it was sold at auction in 2002.The extra $20 at the end was for the treasury to monetize the coin to make it legal for a collector to own.
The owner is a secret.
There have been ten more of these coins confiscated and are currently being held in Ft. Knox.
1804 Draped Bust
Another high-dollar sale was the Eliasberg speciman of the coin you see at the right.It was a proof 65 and sold for $1,815,000 in 1997.
The coin here is the Child's speciman and is proof 68.If it goes up for auction,be ready for bids to reach well over $2,000,000.
Only Five known
In 1913 the mint was switching from the Liberty or "V" nickel to the Buffalo nickel.No Liberty nickels were to be minted.Somehow five slipped out of the mint.
The Eliasberg speciman went up for auction in 1996 and sold for $1,485,000.
I keep looking in my change hoping to find one.
Just recently there was a theft of approx. $2,000,000 in coins from SIMCO in Ohio.I am putting a list of those coins here:
Date Denom. Grading Svc. Grade Cert #1893-S $1 PCGS MS65 4501683
1884 Trade $1 PCGS PR50 5651088
1895 $1 PCGS PR67 1376127
1895-O $1 PCGS MS64 05700144
1895-O $1 PCGS MS62 4981148
1895-O $1 PCGS MS61 9790601
1884-S $1 NGC MS63 Eliasberg
1884-S $1 NGC MS62 275845-001 1892-S $1 NGC MS62 693511-001
1889-CC $1 NGC MS64DPL 650354-010
1889-CC $1 NGC MS62 348996-002
1886-O $1 NGC MS63DPL 688352-047
1903-S $1 PCGS MS66 8453503
1918/17-D 5c PCGS MS62 6582846
1795 $1 NGC AU58 Carter 56297-001
If you happen upon any of these coins please follow this link and report it!
P.O. Box 54867
Cincinnati, OH 45254
© 2008 Greg Boudonck
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