The value of the coin comes from the fact that it is believed to be the oldest coin ever made in recorded history. Only 2 proofs of this coin exist today, with one housed at the Smithsonian Institution in the National Numismatic Collection (pictured above). A $1 coin recently was put up for auction at $4000, with similar coins – defined by small minting mistakes and known as a ‘mule’ – among the most sought after by collectors around the world. The first structures in the sanctuary, buried deep under the later temples, date back to the eighth century BCE, and from that time on precious objects were used in the cult or dedicated to the goddess by her worshippers. Therefore, its rarity has unprecedented historical and financial value due to its role as one of the original currencies. 600-570 BC: The use of coins spread from Lydia to Greece, where the Greek began minting their own coins. According to a statement by President of Austin Rare Coins, Ryan Denby, the coin has unprecedented historical and financial value. Generally, gold Roman coins are worth more than their weight in gold. Selling for $10 million dollars in 2013, the Flowing Hair Silver/Copper Dollar is the most expensive coin in the world. (Image Source), Home » Resources » The Oldest Coin in the World. Following is a rundown on coin values for copper, nickel, and silver coins … 550 BC. This specimen of the "King of U.S. 546 BC: Croesus, the King of Lydia, was captured by the Persians. Ancient Egypt (Ancient Mesopotamia) is the home of the first official currency, introduced prior to 2000 BC. In 2013, David McCarthy spotted a rare coin in an auction catalog and immediately had a hunch it was the first coin minted by the fledgling United States of America in 1783. (Image Source) The most valuable coin in the world is the U.S. 1933 Saint-Gaudens Gold Double Eagle. The $1 million Canadian Gold Maple Leaf coin is a novelty coin, if there ever were one, and it tips the scales at a whopping 100 kilograms or about 220 pounds. In fact, a recent press release stated that it originated from Ionia – now known as Turkey – more than 2,650 years ago. It was released in $5 denomination by the U.S. Mint. The 1/6 stater, pictured below, is more than 2,700 years old, making it one of the very earliest coins. So which coins are the most expensive in the world? unprecedented historical and financial value, Metallix Achieves ISO 14001:2015 Certification for Environmental Stewardship, Metallix Refining Announces New Asia Location. Toll Free: The story of why Lydia was the first to create coinage is controversial, but a convincing argument is that it was because the Lydians controlled the electrum-rich Paktolos River and were located at a junction of numerous trade routes. Coin values depend upon condition and rarity. Monetary and currency changes have taken place during major world events, including the Civil War, both World Wars and the turn of the 20th century. Coins" is the finest known example of the 1804 Silver Dollar and is graded Proof-68 by Professional Coin Grading Service. As of now our database consists almost entirely of coins from 1880s-2021, as we wanted to focus mostly on coins that were readily accessible and possibly still in circulation. "This remarkable coin represents the beginning of money and commerce as we know it today," Denby explained. For information about grading U.S. coins, see U.S. Historically, the Lydian people were known to be commercial and savvy and may have been the first merchants. Furthermore, the striation images on the coin hold great purpose, as Aristotle once referenced the coin in his literature on economics. These coins are believed to be the second oldest in the world and were first circulated around 600 – 500 BCE. See why coin grade matters when determining the value of old coins. Coin collectors have managed to preserve this historic and highly valuable coin for more than 200 years, which adds even more value to the coins story and price tag. Retrieved on 2011-12-12. The earliest known Christian era dated coin is a denier from 1234 minted in Roskilde, Denmark. This is the world’s most valuable coin. One of the coins resurfaced in the 1990's and the U.S. government attempted to confiscate it. Bucki estimates that a 1992 Close AM coin in fairly new condition could be worth about $20,000, while a used one could sell for around $2,000 to $3,000. So, what are your old coins worth? "This remarkable coin represents the beginning of money and commerce as we know it today," Denby explained. The oldest coin in the world was just sold by a rare coin company in Austin to a private collector. Recently, Austin Rare Coins and Bullion, announced that it sold the world's oldest known coin to a private collector. While the exact dollar amount of the sale has not been revealed, the current rise in precious metals prices could possibly have had a substantial impact on the coin's value. And you can expect its price to keep on rising. A common Silver Roman coin in decent condition is valued at $35 even though the Roman coin is more than 15 times older than the Morgan Dollar. The mint was the first one in the New World. This is the second-oldest coin in the top-30 of what are the most expensive coins in the world. As a result, the use of coins spreads to Persia. He created the NE Shilling (New England Shilling) first, followed by the Willow Tree and Oak Tree coins. The coin produce either by the local Aegina people or by Pheidon, King of Argos (who first set the standards of weights and measures). A coin's worth is determined by whatever someone is willing to pay for it. All dates and mints, with value charts. Featured coins. Recently, Austin Rare Coins and Bullion, announced that it sold the world's oldest known coin to a private collector. The prices of these rare coins have gone up by up to 50 percent in just a couple of years. ^ Extremely rare gold Brasher doubloon minted in 1787 fetches $7.4 million. Oldest Roman Coin: The silver denarius Roman Republic coin dating from 211BC was found during an excavation in 2000 at Hallaton, Leics. The coins were all melted down, except for a few that were stolen by a U.S. mint employee. This type of durability found in electrum actually makes it easier for the coin to be minted. Early coins. ^ Stack's Bowers Galleries Sets World Record With Sale Of 1794 Silver Dollar For $10,016,875. ... Each identifies and lists prices for coins from around the world. It is the age of this coin that makes it as valuable as it is and is why someone was willing to pay $6.8 million for one at auction. 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