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The Top Three Most Valuable Coins

flowing-hair-dollarCollecting coins is a fun past time which people of all ages can enjoy. Valuable, old and rare coins are often passed down through the family and treasured not only for their sentimentality but also their value. The latest news in the coin collecting world is the release of the 2013 Royal Baby coin. Any children who were born on the same day as the new prince will receive a free silver penny. The coin, made by the Royal Mint, will be presented in a blue or a pink pouch and is engraved with ’2013′ to commemorate the third heir to the throne’s birth date.

If you often spend your free time visiting museums to admire the coins on display or researching the history of coins online between checking the stock market before you buy gold at BullionVault, then now is your chance to learn more about rare and precious coins.

Here are three of the world’s most valuable coins.

Flowing Hair Dollar

The Flowing Hair Dollar was the very first dollar to be issued by the US Federal Government The coin – which sold for $7.85m – was minted in 1794 and 1795. Its size and weight are very similar to a Spanish dollar which at the time was very popular in trade throughout the Americas.

Edward III

There are only three of these medieval and very rare coins left in the world. The Edward III coin was in circulation in 1343 and was sold for a staggering $6.8m.

edward-III-dollar

1804 Silver Dollar

The 1804 Silver Dollar is also one of the world’s most valuable coins. Worth $4.14m, this dollar is divided into three different classes. Out of the 15 specimens still remaining eight are categorised as Class I because they were minted in 1834. These Class I coins have been traced back to the King of Siam and the Sultan of Muscat. One of the remaining coins is ranked as Class II and the other six were minted somewhere between 1858 and 1860 making them a Class III.

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The American Eagle (2013)

About the American Eagle

American Silver Eagle

One of the most recognized and sought after coins by international collectors is the American Silver Eagle. With its iconic eagle on the back face, and walking liberty on the front, the coin is easily distinguished among the coins of other nations. American Eagles come in gold, platinum, and silver issues.

They are known for their purity, refinement and detail, and as an international bullion standard. The 2013 Silver American Eagle is a 99.9% pure silver, 1 troy oz. proof coin, with a denomination of $1 USD – though they are actually worth the price of a silver troy ounce. The Silver Eagle is 1.58 inches in diameter, with a thickness of .117 inches, and weight of 31.1 grams. American Eagles in the silver category do not have a mintage limit, and are usually produced until demand is met.

Here is the description of the American Eagle design, from the US Mint website:

The obverse design features Adolph A. Weinman’s walking Liberty striding confidently toward the sunrise, draped in the strength of the Stars and Stripes, carrying branches of laurel and oak in her arms to symbolize both civil and military glory.

The reverse design, by former United States Mint Sculptor-Engraver John Mercanti, features a striking heraldic eagle with shield, olive branch in the right talon and arrows in the left.

It is the reverse design by John Mercanti, the iconic American eagle that most investors recognize on this coin – hence, the American Eagle the nickname was coined. This eagle design was adopted by the mint in 1986. The front design of the walking liberty was introduced to the coin in 1916, and has remained in place since.

GB2_zoom_front Case for the American Eagle

(All images courtesy of the US Mint website)

The Effect of the Financial Crisis on Availability

One of the reasons investors purchase bullion coins, as well as gold and silver bullion, is as a hedge against economic uncertainty. That became apparent during the 2008 to 2010 Financial Crisis, when demand for American Silver Eagles exceeded supply:

As a result of the global recession, the demand from investors for bullion coins as a hedge against inflation and economic downturn surged. This increased demand began to affect the availability of American Silver Eagle bullion coins in February 2008 when sales to authorized dealers were suspended temporarily. In March 2008, sales increased nine-fold from the month before (from 200,000 to 1,855,000). In April 2008, the United States Mint began an allocation program, effectively rationing Silver Eagle bullion coins to authorized dealers on a weekly basis due to “unprecedented demand. (Wikipedia, American Silver Eagle, http://en.wikipedia.org/wiki/American_Silver_Eagle).

The American Silver Eagle is not only a standard for any serious coin collector, but also a hedge against economic uncertainty and times of crisis. Canadian coin collectors, can also get the American Silver Eagle through The Fabulous 15 (2013) series, we featured last week.

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The Dazzling Dreamcatcher

The DreamcatcherHere is another stunning coloured silver proof coin from the Royal Canadian Mint! Previously we featured the beautiful Canadian Tiger Swallowtail, and the dazzling Twelve Spotted Skimmer. Coloured silver proof coins aren’t for everyone. However, If you like the blend of colour with sterling silver, as well as the hologram aspect of the Skimmer, then you’ll love the new Dreamcatcher silver proof coin from the Royal Canadian Mint.

This coin embodies two coloured technologies, the coloured Dreamcatcher, by artist Darlene Gait, overlaid a hologram sky image. Combined with the pure silver coin as a backdrop, it’s sure to be a dazzling colour display.

The Dreamcatcher has a mintage of only 10,000 coins. It is a 99.9% pure silver proof finish, weighs 15.87g, and is 34mm in diameter with a serrated edge. The Dreamcatcher has a face value of 10 dollars.

The Dreamcatcher is an iconic symbol of First Nations culture, and the mint has done an exceptional job with the production of this coin. Here is the write-up from the Royal Canadian Mint webpage:

“The dreamcatcher is an iconic identifying symbol of First Nations culture. Variations of dreamcatchers are representative of cultures across each Canadian province, but they all have the same intention: to trap bad dreams and thoughts, and let good dreams pass through the hole at the web’s centre, into the mind of the dreamer.”

“Composed of an external bent wood ring strung with an interior web of golden sinew, the dreamcatcher features bright blue quartz stones and a central opal; it bottom strung with rawhide ribbons decorated with red beads, and four orange and white wild bird feathers.”

This Dreamcatcher is not available in stores and ships on July 7th, 2013, with a limit of one per household. Order yours today from the Royal Canadian Mint.

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