History of High Value Gold & Silver Coins

High Value Coins

Was one of your family members a passionate numismatist, but their priceless coin collection is now locked away to gather dust? Well, maybe it’s time to brush the dust off as one of their coins could literally be worth a fortune. Don’t believe us? Here are some of the most valuable coins you might already own and not even know their worth.

1895-S Morgan Silver Dollar

This coin is often referred to as the King of Morgan Dollars and is a very rare find. In fact, you are more likely to come across a forgery than the real deal, as original coins are very rare. There are only 880 mint versions of this coin in circulation from the original 12,000, and if the mint mark is missing, it is likely a forge or a replica.

1896-O Morgan Silver Dollar

This is one of those coins that can puzzle someone not familiar with numismatics. While a worn-out coin is rather easy to find, there are very few mint versions in circulation. Around 4.9 million of these coins were issued back in 1976. But in its original state, the coin is among the rarest finds. A certified mint issue of this coin today can be worth as much as a sports car.

one silver and two gold coins

1895-O Morgan Silver Dollar

The predecessor of the previous entry, the 1895 Morgan silver dollar is much more valuable, even in rough shape. There’s an interesting story behind it as well. Back in 1985, the New Orleans Mint was tasked with producing as many silver dollars as they could within a very short deadline. Therefore, the craftsmanship of this coin is rather terrible. The coins were hence stored and many of them melted until they were finally released into circulation and their value skyrocketed due to high demand.

1892-S Morgan Silver Dollar

Despite the coin being very valuable in certified mint condition or even in worn grades, the 1892-S Morgan Silver Dollar was never particularly popular among numismatists. The coin is very common in worn out condition, but a mint specimen is a rare find.

1886-O Morgan Silver Dollar

This 1886 dollar is particularly difficult to put a price tag on, and even the most expert numismatists have a hard time appraising this rare coin. Similarly to the 1895-O Morgan Silver Dollar, the craftsmanship of this particular coin seems to be rather sloppy. It is also worth mentioning that a forgery derived from the 1886 Philadelphia Dollar has been in circulation, although it is not that common. To recognize the forgery, look closely at the added “O”.

Do you think you might have one of these priceless coins locked up in the attic? Looking for an expert to determine the price of a coin or make sure it’s not a forgery? If so, stop by Leo Hamel Jewelry & Gold Buyers. Our expert buyers in our comfortable and secure jewelry buying office will resolve any doubts you might have and pay you the highest possible price for these rare coins. Find our hours and the buying office closest to you here or call 619-299-1500.