Check Your Pockets! The Four Most Valuable Gold Coins

Humans have always loved gold. The affect it has on human desire is like no other metal, which is why many early civilizations minted currency in gold and why modern societies have occasionally followed suit. In this article we will take a look at what are considered to be the 4 most valuable gold coins currently in existence.

    • 4. Edward II Double Florin

This is the oldest coin on this list, as it was minted way back in 1344. Also known as the Double Leopard, this coin is not only ancient, but it is unique, a combination that Numismatics adore. More or less as soon as the coins were stuck it was discovered that they were underweight, and therefore the populace did their best to avoid them. After just a few months most of them were melted down and replaced with another coin, with only a few of them slipping through the net and then surviving for another 700 years or so.

In 2006 this coin was sold for £460,000 (around $650,000) at an auction in the UK, smashing the British record for the most valuable coin. The estimate was actually just a third of the final price, with a global coin fund making the purchase. This coin was discovered by a metal detector in the south of England and is one of the few remaining coins of its type left in existence, with only two more (found in the north of the country) ever discovered.

    • 3. 100kg Coin

100kg-gold-coinIf you take away the hundreds of years of history that makes many gold coins so valuable, how do you ensure that they are still worth millions? Well, the Royal Canadian Mint tackled this problem by creating a coin that weighed 100kg and was therefore worth around $1 million in precious metal content alone.

Minted in 2007 and stamped with the famous Canadian Maple Leaf that adorns many popular silver and gold coins, this coin was instantly declared to be the biggest gold coin in the world and was sold to a precious metal company for over $4 million. The coin also bears the image of Queen Elizabeth II, and there are a total of five of them in existence.

    • 2. Brasher Doubloon

The Brasher Doubloon was struck in 1787 and is thought to be the first American gold coin that was given a US Dollar denomination. In fact, the total value of the coin when it was struck amounted to $15. Weighing three quarters of an ounce, if melted down the coin would be worth a little over $900 at today’s prices, although I’m sure the seller would be much happier with the $7.4 million they made from selling the coin at auction.

The buyer and seller actually remained anonymous in this auction, as is usually the case with such rare and expensive items. There are actually several of these coins available, each with a different estimated value. The initials of the goldsmith who struck them, Ephraim Brasher, are included on the coin, and a variation that included his initials on the eagle’s breast was sold for a few million more than one that included them on the eagle’s wing. Brasher was actually a neighbour and friend of George Washington, and although many of these coins were struck, the majority were created with cheaper metals, with only a select few being minted in gold.

    • 1. 1933 Double Eagle

It is astonishing to think that upon release, the 1933 Double Eagle had a face value of just $20. This was a coin meant for circulation, but one that never actually made it. The then President, Franklin D Roosevelt, executed Executive Order 6102 at the same time that this coin was due to be released. This order stated that it was to be illegal for any American to “[hoard] gold coins, gold bullion and gold certificates.”

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Many of these coins were minted, but this order stopped them from being released as planned. However, a handful of them somehow made it into circulation and in 2002, one of the few was sold for $7.5 million. Not bad when you consider that the gold content is worth a little over $1.000, and that it would have been worth significantly less at the time.

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