Coin collecting is a world with secrets and priceless treasures. Some coins are offered at unbelievable prices because they are rare, carry historical value, and have special design.
Such a coin is the Bicentennial Quarter, which reportedly costs as much as $45 million, even though there are numerous myths associated with it.
Besides, there are a few other coins that can cost over $20,000. In this guide, we will discover such special and expensive coins and know how to recognize them.
The $45 Million Bicentennial Quarter: Myth or Reality?
The Bicentennial Quarter was minted in 1975 and 1976 to commemorate the 200th anniversary of American independence.
This coin carries a unique date “1776-1976” and a picture of a colonial drummer on the back. This coin is usually worth 25 cents, but due to some unique reasons, it can be worth millions of dollars.
Factors that Raise the Value of a Bicentennial Quarter
Mint Errors: If the coin carries a double die strike, off-center striking or some other unique mistake, its value can rise.
Silver Content: The majority of Bicentennial quarters are copper-nickel, but there were also 40% silver coins that were released, which are worth more.
High-Grade Condition: When a coin is in outstanding condition and the grade is MS-67 or higher, it may be extremely appealing to collectors. But pay attention because the $45 million price report is largely rumour and misinformation. The all-time recorded sales have been far less than this figure.
Identifying a Valuable Bicentennial Quarter
To determine if a Bicentennial Quarter holds significant value, consider the following steps:
- Inspect the Mint Mark: Quarters minted in San Francisco bear an “S” mint mark and are often silver proofs.
- Examine for Errors: Look for any irregularities in the design, such as doubled lettering or images.
- Assess the Condition: Coins that appear uncirculated or have minimal wear are more valuable.
- Weigh the Coin: Silver quarters weigh approximately 5.75 grams, whereas copper-nickel ones weigh around 5.67 grams.
If you suspect your quarter is valuable, consider having it authenticated by a professional grading service like the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC).
Four Other Coins Worth Over $20,000
Beyond the Bicentennial Quarter, several other U.S. coins have achieved auction prices exceeding $20,000. Here’s a closer look at these noteworthy coins:
Coin | Description | Approximate Value |
---|---|---|
1913 Liberty Head Nickel | Only five specimens known; one sold for over $3.7 million due to its extreme rarity and historical significance. | $3.7 million |
1943 Bronze Lincoln Cent | Minted erroneously in bronze instead of zinc-coated steel during World War II; a specimen sold for $336,000. | $336,000 |
1792 Silver Center Cent | An experimental coin featuring a silver plug at the center; an example fetched $352,500 at auction. | $352,500 |
1652 New England Threepence | One of the earliest coins minted in colonial America; a specimen sold for $2.5 million, setting a record for a colonial coin. | $2.5 million |
Factors influencing the value of coins
Any coin is worth something if it possesses the following characteristics:
✔️ Rarity – Coins which have been produced very few copies or which are now very few are more valuable.
✔️ Historical Significance – Coins that are linked with a significant historical event are more desirable to collectors.
✔️ Condition – The better the condition of the coin, the more expensive it is.
✔️ Mint Errors – Odd errors that occurred during the making of a coin can render a coin rare and valuable.
While the $45 million Bicentennial quarter appears to be more rumor than fact, there are still plenty of rare and irreplaceable treasures in coin collecting.
If you are interested in coins, you can learn to find valuable coins by learning the characteristics and values of coins. Always get advice from a reputable numismatic expert or grading service so that you can determine the actual value of your collection.
Frequently Asked Questions (FAQs)
1. Are all Bicentennial quarters valuable?
No, the majority of Bicentennial quarters are worth only 25 cents. Those with errors, silver content, or in excellent condition are the only ones that can sell at a high price.
2. How do I know if my coin is rare?
Talk to a professional grading company (PCGS, NGC) or seasoned coin dealer. They can provide you with the correct information regarding the coin’s rarity and true worth.
3. What should I do if I find a valuable coin?
Treat it gently, don’t wash it, and have it examined by a professional to determine its true worth.