As it is known, coin collecting is an amazing hobby, and there are no other feelings like knowing that a valuable and unique piece is in circulation. Among all these people’s desires, it is possible to list two particular dimes and the bicentennial quarter that are estimated to be worth $5 million each.
These coins, because they are rare and connect to important events in history, are considered to be the ultimate goals of collecting by many people. This article discusses the specifics of these rare coins and explores their concerning facts, characteristics, and processes that contributed to assigning them an extraordinary value.
Contents
1894-S Barber
Although very few of these Barber Dimes were produced, the 1894-S Barber Dime is arguably the most sought-after coin in the United States. With only 24 being made and out of which only 9 are known to exist in the present world, it surely is one of the rarest coins in circulation. This dime was minted in San Francisco and belongs to the Barber Dimes series designed by Charles E. Barber.
The reasons for the low mintage are still unknown; some speculations include a request by a banker who ordered the fantasy coins and created a proof set for purposes of finance. Costing $5 million, this piece of metal is not only a collector’s item or a numismatic; it is also technically a piece of history.
1873-CC Liberty
The 1873-CC “No Arrows” is a Liberty Seated Dime that circulated in a very limited quantity, estimated at less than ten. Carson City, Nevada, is the place of minting on this dime, which is of the Liberty Seated Series. It is scarce today because many were discarded after the passing of the Coinage Act of 1873, which called for a slight alteration of the weight of the silver coins and adding an arrow to the design. The few that survived are now viewed as national assets whose worth is estimated at about $5 million due to their scarcity and general antique value.
Bicentennial Quarter
The 1976 bicentennial quarter might still be relatively easy to find, as this celebrated American independence’s 200 years. However, a variety to the tune of a doubled die obverse is a real premium piece. This happened while minting the coin when the die that stamped the image of the coin was not placed properly to give a clear image but rather produced two images of the same kind.
It also targets collectors because of the lack of similar glasses and the bicentennial background of the event. Different millions of bicentennial quarters were produced; the double die variety is one in a billion, with a value of $5 million.
The following table summarizes the unique features and historical significance of these coins:
Coin | Year | Mint | Unique Feature | Estimated Value |
---|---|---|---|---|
1894-S Barber Dime | 1894 | San Francisco | Only 9 known to exist | $5 million |
1873-CC Liberty Seated Dime | 1873 | Carson City | Less than 10 survive | $5 million |
1976 Bicentennial Quarter | 1976 | Multiple Mints | Double die obverse | $5 million |
As much as the chances of spotting one of these coins are infinitesimal, the probability is what makes collecting coins even more exotic. I will take these coins as a driving message and think of how it is possible to get immense value from the most trivial things.
FAQs
Q. Why do rare coins cost so much?
A. They are relatively rare and appeal to collectors and people interested in history, which pushes up the price.
Q. How many 1894-S Barber Dimes are there now?
A. To date, only nine are known to exist in the world.
Q. What makes the 1976 Bicentennial Quarter special?
A. A double die obverse error occurs once in about 25 million of these coins.