The Brasher Doubloon 1787 – $7.4 MillionĪ Wall Street investment firm paid $7.4 million for a Brasher doubloon at auction. Therefore, it is one of the rarest of all the coins in the world.
There are now only three known examples of an Edward III florin in existence. Just think about how many coins are lost from circulation over the years because people have dropped them down the drain or lost them down the back of the sofa. When you consider that this coin has been around for more than 670 years, it is a wonder that any have survived. It is the age of this coin that makes it as valuable as it is and is why someone was willing to pay $6.8 million for one at auction. Here are five of the most valuable coins that have been sold at auction and it may surprise you to learn how much someone was willing to pay to own such a small metallic object. If this is the case, the coin becomes highly collectible and collectors are willing to pay huge sums of money to own the rare coins. They may have been part of a limited production of a particular coin or be one of only a few remaining examples of a coin from a specific era in history. This is usually because they are extremely rare or very old. However, there are some coins that become significantly more valuable than their face value denotes.
Each note or coin has a face value which is clearly shown, and this is the global system that is applied so that people can exchange money for products in the purchasing process. Money is something that we use to quantify the value of something.