World’s Most Expensive Numismatic Gold Coins

On October 2, 2011, the first Hellenistic gold coin ever struck was put up for auction in London. The estimated value of the coin is £200,000. Up until now the coin was exhibited at the Henri-Prades (Lattes) Museum in France and this is the first time it has been offered for sale. Numismatic coin collectors who have managed to strategize their buying and selling practices in time with market demand and supply have been known to gain heavily as their collection’s values are realized. These coins are graded and valued according to their physical condition, rarity and historical significance.

Top 3 of the Most expensive Numismatic Gold Coins

Coin collectors exhibit and showcase their collections with much pride because they have spent time, money and strategized the procurement of numismatics with much ambition. These coins are much more valuable than their gold content or their grading because they are essentially signifiers of human history. A unique story is up for ownership when such coins are traded and that is the main deciding factor of its monetary value.

1933 Saint Gauden Double Eagle: Sold for $7,590,000 in 2002, this coin is part of a 1933 coin collection that remained uncirculated. In its last year of production this Saint Gauden design was minted as 445,000 coins just before the gold recall and meltdown. Thus, this collection was melted down too and yet somehow some pieces survived. A family in Philadelphia was recently found in possession of these coins too which were then confiscated by the US treasury. Saint Gauden Double Eagles from other years such as 1907 (when they were first minted) have also been known to be auctioned off for a high price, the highest being $2,990,000.

Edward III Double Florin: Auctioned for $6,800,000, this medieval coin is the second most expensive numismatic gold coin in the world. Minted in 1343, the coin was also known as the Double Leopard. It had a face value of 6 shillings and is the lone surviving coin of this currency.

Brasher Doubloons: There are two doubloons that commanded a high price during auctions. The Brasher Doubloon EB on breast coin was auctioned off for $2,990,000, while the EB on wings doubloon was sold for $2,415,000. Both were minted in 1787 by a goldsmith called Ephraim Brasher who was a New Yorker famous for stamping his own coins.

Mistakes to Avoid when Acquiring Numismatic Gold Coins

• Firstly, do not buy numismatic coins just because of hype or popularity. Conduct a thorough research and study the coin you are interested in procuring. Study the history and check for certifications. It takes collectors months and years to find the right coin to complete their collections. At ITM Trading we specialize in these types of coins, contact one of our representatives as they can help you acquire the right coins for you portfolio depending on your goals and objectives.
• Don’t let trading opportunities slip by. Be aware of market conditions to make the most of the demand and supply of numismatics. Check Greysheet bids or Coin World trends consistently to keep track.
• Beware of scams, it is easy to create precise dies and copies of numismatics and also get unassuming collectors to invest in such fakes via the internet. Deal only with reliable dealers who are able to give you coins with certified weight and purity. Only acquire coins graded by PCGS or NGC, this gives you the guarantee of authenticity.
• Get professional guidance from experts before you begin your own collection. They can teach you tricks and techniques of the trade such as how to optimize the market conditions or even how to spot fakes.