Latest news with #numismatics
Yahoo
8 hours ago
- Business
- Yahoo
Rare 5 cent coin worth 25,000 times its value due to 'double headed' detail
A rare 5 cent coin has sold for thousands more than its face value due to a key 'accident' made during the minting process. Error coins can be very valuable because they are an 'exceptionally rare' occurrence in Australia compared to other countries. The 2007 5 cent coin has a double obverse error, meaning it has the head of Queen Elizabeth on both sides of the coin. The coin went to auction today and was sold by Roxbury's Auction House for $1,250. Roxbury's director Scott Waterman told Yahoo Finance the double header coin was popular among collectors and this is what led to its 'strong price'. RELATED Rare $2 coloured coins Aussies can find in their change Centrelink's 'balancing' move could provide cash boost or expose debt Commonwealth Bank's fresh alert for millions over mass text message 'campaign' 'The fact that it is double heads is really what makes it desirable and valuable,' he said. The error coin was due to an accident by the Royal Australian Mint at the time, with the coins mistakenly released into circulation. The Royal Australian Mint made 59 million 5 cent coins in 2007. While the exact number of double header coins is not unknown, Waterman said, as a guess, there could be 1,500 to 3,000 out there. The 2007 5 cent coins are the most popular example of a double-headed coin. 'You get single coins, occasionally double heads or double tails. But very rarely do you get that many that are released into circulation,' Waterman said. The coin went up for auction along with 2,500 other items, including the Holey Dollar, which is the first coin struck in Australia. It is expected to sell for between $90,000 and $100,000 over the coming days. The Rainbow Pound, which was created during note shortages in World War I, is also up for sale and expected to sell for between $16,000 and $20,000. A total of 32 notes are known to have survived. Error coins can be valuable Waterman said most of the classic rarities were accidents. 'The 1930 Penny, for instance, was an accident. So it's quite often not by design and they're not even aware of it until sometimes 20 years later. In the case of the 1930 Penny, no one knew they existed until the 50s, so that's kind of what makes the legend of it,' he told Yahoo Finance. The 1930 Penny is known as 'the King of Australian Coins' and there are thought to be 1,500 of them in existence. The coin was not meant to be struck as the Melbourne Mint received no orders from the government for new coins during the depression. Waterman said error coins were a rare occurrence since decimal currency was introduced. 'Since decimal currency, they're obviously really good at catching errors but it does happen,' he said. 'Relatively speaking, they're exceptionally rare in Australia compared to other countries and they're very well supported. We see really high prices for good error coins in Australia relative to other countries.'Error in retrieving data Sign in to access your portfolio Error in retrieving data
CTV News
6 days ago
- Business
- CTV News
Canada's largest coin show underway in Calgary
Loonies with the the effigy of King Charles on them are struck at an event celebrating the first coin struck at the Royal Canadian Mint in Winnipeg on Tuesday, November 14, 2023. THE CANADIAN PRESS/John Woods The Royal Canadian Numismatic Association (RCNA) convention is underway in Calgary. Running through July 20 at the Coast Plaza Hotel and Conference Centre, the six-day event draws collectors, dealers and hobbyists from across the country for exhibits, auctions, seminars and social events. Organizers say it is the largest coin way show ever held in Canada. 'This year's convention gives the numismatic community a chance to come together, share knowledge, and celebrate our rich heritage,' said James A. Williston, chair of the 2025 convention. Organizers have filled the bourse floor — a marketplace where dealers buy, sell and trade coins, paper money and related collectibles — with 75 dealer tables featuring vendors from across Canada. The program includes expert-led seminars, nationally recognized competitive and non-competitive exhibits and a youth program aimed at inspiring the next generation of collectors. The Royal Canadian Mint also has a booth on site. Attendees can join guided tours of local attractions, attend the RCNA's annual banquet and awards ceremony and take part in a range of social gatherings. The convention is open to the public, and organizers encourage everyone — from experienced numismatists to curious newcomers — to attend.
Yahoo
13-07-2025
- General
- Yahoo
5 Most Valuable ‘Error Coins' Ever Minted — Look for These Misprints
As with just about any asset, a coin's value is determined by its market demand. This means that coins in short supply often see higher demand — and higher values. With coins, supplies are limited either because they are very old, were minted in very limited supplies, or contain errors or other distinctive features that set them apart. Errors are a common feature in valuable coins and can push values up to six figures or higher. Trending Now: For You: You never know when you might come across a valuable error coin, so it helps to know what to look for. Error coins can be divided into the following general categories, according to the Gainesville Coins website: Planchet errors: A 'planchet' refers to the blank metal used to make coins. Planchet errors typically include clipped planchets that are the wrong shape or thickness, or planchets that were left blank. Die errors: Die errors mean something went wrong in the minting process and usually involve mistakes involving the coin's lettering, numbers or images. Strike Errors: 'Striking' is a part of the minting process when the design from the die is impressed onto the coin. Strike errors include off-center or misaligned strikes and designs struck on the wrong size planchet. As Gainesville Coins noted, you need a 'keen eye and plenty of patience' to successfully spot an error coin. Knowing what to look for in an unusual-looking coin is a helpful, but you are better off researching famous errors and how to spot them. Note that top values are usually paid to coins that have been graded in mint or near-mint condition. Here's a look at five of the most valuable error coins. This coin is a fascinating example of a flawed minting process, which resulted in a buffalo with three visible legs. The highest price paid for this coin was just shy of $100,000. Find Out: With this coin, a 1941 die was mistakenly used to produce a 1942 Mercury dime, resulting in an overdate error. A highly graded specimen fetched $120,000 in 2018. The 1955 DDO (double die) Lincoln Penny owes its rarity to a misalignment during the minting process that created a 'double image' effect on the coin's obverse. A pristine DDO Lincoln Cent can command a value exceeding $125,000. A 'proof' coin is one that is not intended for circulation as currency, but rather to serve as a model for the future coins. You don't usually see errors with proof coins, but there are exceptions. One involved 1975 dime proof sets, which that lacked an 'S' mintmark (from the San Francisco Mint). So far, only two such specimens have been identified, according to Gainesville Coins. A copper shortage during World War II prompted the U.S. Mint to switch the one-cent penny to a steel composition that was coated in zinc, according to Gainesville Coins. However, a small number of pennies were mistakenly struck on the normal bronze planchet that year. Those pennies, which might number as few as 15, are among the most valuable error coins in the world. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance (And 2 Reasons They Should) This article originally appeared on 5 Most Valuable 'Error Coins' Ever Minted — Look for These Misprints Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
08-07-2025
- Business
- Forbes
Secrets In The Wall: Lessons From The Paul Narce Hoard
Collection of french antique gold coins (Napoleon), isolated on white background The Hidden Fortune of Paul Narce In the quiet French village of Castillonnès, the world of numismatics was stunned by the discovery of a secret coin hoard belonging to the late Paul Narce. Narce, a reclusive collector, spent his life amassing a remarkable trove of gold and silver coins—ranging from Napoléon 20-franc pieces to medieval French écus and ancient Roman coins. He concealed his collection behind a storeroom wall and a painting, passing away without a will (décès ab intestat), triggering French forced heirship rules (réserve héréditaire). Only after his death, when a notary inventoried his estate, did the true extent of his hidden fortune come to light. The collection, auctioned in Paris, fetched over €3.3 million, far surpassing expectations and captivating collectors worldwide. Why Do Collectors Hide Their Treasures? Narce's story is both extraordinary and cautionary. It raises a critical question: Why do collectors go to such lengths to conceal their collections, sometimes even from their closest confidants or heirs? Common Motivations for Secrecy These motivations are reinforced by the unique nature of art and collectibles as asset classes. Unlike stocks or real estate, their value is subjective, their markets opaque, and their meaning intensely personal. The emotional resonance of a collection can outweigh rational planning. The Professional's Role: Encouraging Disclosure For estate planners, attorneys, and advisors, hidden collections present a significant challenge. Undisclosed assets can derail succession plans, trigger legal disputes, and even result in treasures being lost forever. How can professionals encourage clients to reveal what they have hidden? Building Trust and Understanding Practical Steps for Advisors FEATURED | Frase ByForbes™ Unscramble The Anagram To Reveal The Phrase Pinpoint By Linkedin Guess The Category Queens By Linkedin Crown Each Region Crossclimb By Linkedin Unlock A Trivia Ladder Conclusion The tale of Paul Narce is a vivid reminder that the treasures we hide can become both our legacy and our undoing. For professionals, the challenge is to bridge the gap between secrecy and stewardship—helping clients protect not just their assets, but the stories and passions that give those assets meaning. With empathy, expertise, and careful planning, it is possible to ensure that collections are not lost to time but instead become enduring gifts for the future.
The Sun
27-06-2025
- General
- The Sun
Can you spot the rare coins worth up to £1,127 – how many do you have in YOUR wallet?
CAN you spot these rare coins that could be worth up to £1,127. In the picture below we can all see a range of loose change, but do you know which coins could be worth hundreds of pounds? 7 A coin is usually regarded as rare if a limited amount of the piece was released to the public or if it has an unusual marking or error. These features can drive up demand from sellers, meaning they may be willing to pay a high price for it. What is a rare coin? Coins are only worth what someone else is willing to pay for it - but some are rarer than others. This is to do with how many coins have been produced, those with lower mintages are usually worth more money. Error coins - which are ones that have mistakes - are also worth more because they are rare. You can check how rare a coin is by looking at Change Checker's Salacity Index latest scarcity index. The next step is to take a look at what has been recently sold on eBay or a recent auction. Experts from the coin collecting website recommend looking at "sold listings" to be sure that the coin has sold for the specified amount rather than just been listed. People can list things for any price they like, but it doesn't mean they will sell for that amount. You can scroll to the bottom of the story to see which coins are rare and below we explain each one - and how much they could be worth. Five 50ps that could earn you thousands 2002 Commonwealth Games £2 coin Northern Ireland - £29.16 In 2002, four different designs of this £2 coin were created to commemorate the Commonwealth games. But the Northern Irish version is the rarest with research by Change Checker revealing on 485,000 in circulation. To spot this coin, look for a moving figure holding a banner above their head and the flag of Ulster. Finding this rare £2 coin could help you fetch nearly £30. One seller managed to flog the coin for £29.16 in April after 13 bids. 1983 'New Pence' Error 2p 7 This coin minted in 1983 has become extremely valuable due to an error made during its redesign. That year, The Royal Mint had begun transforming the "new pence" coin into the "two pence". But a number of these coins were struck with the old "new pence" inscription. These coins can be found in old commemorative sets, such as the Great British 1983 Coin Collection released by Martini & Rossi. Condiment maker Heinz also released a similar set which included the coin. These sets can sell for hundreds of pounds on eBay. On May 11, one of the sets produced by Martini & Rossi was flogged for £721.25 after 46 bids. Atlantic Salmon 50p - £132 Research by Change Checker found only 200,000 of these coins have entered circulation, making it one of the rarest coins in the UK. To spot this coin look for a portrait of Charles III on the front, while the back of the coin will show an Atlantic salmon leaping from the waves. The group said only around one in 335 people in the UK could have the chance of snagging one. And it appears collectors are prepared to pay a pretty penny for one of these coins. On June 22, one of these coins sold for £132.08. Kew Gardens 50p - £140 To spot this coin, look for a leafy fine on the reverse of the coin wrapped around a Chinese pagoda. The front of this design will feature an image of the late Queen Elizabeth II. There will also be the engraver's initials, Ian Rank-Broadley. Around 210,000 of these coins are in circulation making you very lucky if you stumble across one. Recently one of these coins was sold on eBay for £140 after 28 bids. 2008 undated 20p coin - £56 7 What you need to look for is a 20p coin that is missing the 2008 date on the "heads" side. Usually coins are dated on the "tails" side but that year, the Royal Mint decided to move the date to the opposite side. A manufacturing error by the Royal Mint in 2008 meant that only around 250,000 coins were printed with this unique error. But spotting this error could help you fetch up to £56, according to recent bidding activity on eBay. 7
