Colorado is a state with a rich history, and its coins reflect that. From the early days of the Gold Rush to the present day, Colorado has produced some of the most valuable coins in the world.
In this blog post, we will take a look at the most valuable coins ever sold in Colorado. We will discuss the history of each coin, its rarity, and its value.
1894-S Barber dime
The 1894-S Barber dime is one of the rarest coins in the United States. Only nine known specimens exist, and one of them sold for $1.99 million in a Denver auction in 2016.
The coin was designed by Charles E. Barber and minted at the San Francisco Mint in 1894. It was originally intended to be released into circulation, but the Mint decided to hold it back and eventually melt it down.
However, a small number of coins were released by mistake. These coins are now highly sought-after by collectors.
1794 Flowing Hair dollar
The 1794 Flowing Hair dollar is another rare and valuable coin. It is believed to be the first silver dollar ever struck by the United States Mint.
The coin features a profile of Lady Liberty with flowing hair on the obverse and an American eagle on the reverse. Fewer than 1,800 of these coins were ever produced, and only about 120 to 130 are known to exist today.
In 2022, a 1794 Flowing Hair dollar sold at auction for $12 million. This makes it the most valuable coin ever sold in Colorado.
1787 Brasher doubloon
The 1787 Brasher doubloon is a privately minted gold coin that is considered to be one of the most important coins in American history. It was made by Ephraim Brasher, a New York City goldsmith and silversmith, in the late 18th century.
The coin features a state seal with a rising sun on the obverse and an American eagle with a shield on the reverse. Only seven Brasher doubloons are known to exist today, and they are all highly valuable.
In 2011, a Brasher doubloon sold at auction for $7.395 million. This makes it the second most valuable coin ever sold in Colorado.
1861 Paquet Liberty Head double eagle
The 1861 Paquet Liberty Head double eagle is a rare and valuable coin that was minted during the Civil War. It was designed by Joseph Paquet, a French engraver who was hired by the United States Mint.
The coin features a profile of Lady Liberty on the obverse and an American eagle on the reverse. Only about 50 of these coins were ever produced, and only about 20 are known to exist today.
In 2021, an 1861 Paquet Liberty Head double eagle sold at auction for $7.2 million. This makes it the third most valuable coin ever sold in Colorado.
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Other valuable coins sold in Colorado
In addition to the coins listed above, a number of other valuable coins have been sold in Colorado over the years. These include:
- A 1913 Liberty Head nickel sold for $3.18 million in 2012.
- A 1907 High Relief Saint-Gaudens double eagle sold for $2.4 million in 2015.
- A 1933 double eagle sold for $2.02 million in 2017.
These coins are all highly valuable and rare, and they are a testament to the rich history of Colorado.
How to authenticate valuable coins
If you think you may have a valuable coin, it is important to have it authenticated by a professional coin dealer or numismatist. This will help to ensure that the coin is genuine and that it is worth what you think it is.
There are a number of things that a professional will look at when authenticating a coin, including:
- The coin’s weight and dimensions.
- The coin’s metal content.
- The coin’s design and engraving.
- The coin’s condition.
If you are unsure about the authenticity of a coin, it is always best to err on the side of caution and have it authenticated by a professional.
Colorado Has Valuable Coins
Colorado has produced some of the most valuable coins in the world. These coins are a testament to the state’s rich history and its importance in the development of the United States. Contact Harry Seese Rare Coins today to to see what your coins might be worth.
Coin collections are a cherished asset that can hold significant monetary and sentimental value. However, whether you have inherited a vast assortment of coins or decided to part ways with your long-curated collection, selling such a valuable treasure can be a daunting task. This blog post will provide you with a comprehensive guide on how to sell your coin collection, offering tips, strategies, and important considerations to ensure you receive the best possible return on your investment.
Assessing Your Coin Collection
Before diving into the selling process, it is crucial to evaluate your coin collection’s overall worth. Understand the market value of each coin, taking into account factors such as rarity, age, condition, and current market demand. Conduct extensive research using reputable sources, reference books, online platforms, and even consult with experts or numismatists to obtain accurate and up-to-date information.
Organizing and Cataloging Your Coins
To streamline the selling process, it is essential to organize and catalog your coin collection systematically. Sort your coins into categories based on denomination, country of origin, precious metal content, or any other suitable criteria. Create an inventory list that includes relevant information like the date, mint mark, condition, and any other distinguishing features of each coin. This will not only make the selling process more manageable but also present a professional image to potential coin buyers.
Determining the Selling Option
Once you have assessed and organized your coin collection, it is time to explore various selling options. Consider the following alternatives to determine which one is most suitable for your specific needs:
- Coin Dealers: Seek reputable coin dealers who specialize in buying and selling numismatic items. These professionals possess extensive knowledge and can provide you with competitive offers. However, be mindful that dealers will aim to buy your collection for a wholesale price to make a profit when reselling.
- Auction Houses: Engaging with reputable auction houses can be an excellent option for selling valuable coins. Auctions give you exposure to a wide pool of potential buyers, including serious collectors who may drive up the sale price through competitive bidding. Nevertheless, be aware of potential fees, commissions, and the need to properly market and present your coins prior to the auction.
- Online Marketplaces: Online platforms like eBay, Heritage Auctions, or Proxibid provide access to a massive audience of collectors worldwide. These platforms give you the freedom to set your prices and often attract passionate coin enthusiasts seeking unique collectibles. Be mindful of the associated seller fees, potential scams, and the importance of maintaining a positive reputation to secure successful transactions.
- Private Sales: Finally, consider reaching out to fellow coin collectors or numismatic groups through forums, social media platforms, or local coin clubs. Private sales can often lead to fair, direct negotiations, avoiding intermediary costs. However, ensure you thoroughly vet potential buyers and conduct transactions securely for your safety.
Preparing Your Coin Collection for Sale
Regardless of the selling option chosen, it is vital to present your coin collection in the best possible light to attract potential buyers and maximize its market value. Clean your coins carefully and conservatively using non-abrasive methods, preserving their originality and avoiding potential damage. Properly store your coins, preferably in individual coin holders, capsules, or archival-quality sleeves, to maintain their condition during showcasing, shipping, or handling.
Capturing high-quality images of your coins from multiple angles can significantly enhance their online appeal. Craft detailed and accurate descriptions highlighting each coin’s unique features, rarity, and historical significance. Be transparent about any flaws, as honesty will build trust with potential buyers.
Pricing and Negotiating
Determining a fair price for your coins is crucial to secure successful sales. Consider various pricing factors, such as current market trends, recent auction records, supply and demand dynamics, and the condition of your coins. Browse comparable coins sold or listed online to gain a sense of their market value. Moreover, be open to negotiations but set a reserve price to protect your investment.
Conclusion
Selling a coin collection can be both an emotional and financially rewarding experience. By following this comprehensive guide, you will be better equipped to navigate through the selling process effectively. Remember to conduct thorough research, assess your collection accurately, choose the most suitable selling option, and adequately prepare your coins for sale. With careful planning, organization, and a strategic approach, you can unlock the true value of your coin collection while ensuring successful transactions.