The Rarest Silver Dollars In The World
It might come as a surprise to many, but many silver dollars coins are not actually made from this precious metal. The term is used to refer to all white metal coins issued by the United States and which have their face value of one dollar. Now, truth be told, silver dollars have never been popular in the country, despite several attempts by the government to make it happen.
This is the reason why all silver dollars minted after 2011, were not for the general public, but for collectors, which can be ordered directly from the Mint. This scarcity, however, has driven the price for these rare coins through the roof, making them highly sought-after by collectors. Now, with that being said, here are some of the rarest American coins in existence.
The 1804 Draped Bust Dollar
Back in 1834, the Jackson administration was set to receive several foreign dignitaries from Asia. For the occasion, there was a proposition to offer them each one a set of proof coins. These are early samples of coins used for checking dyes and for archival purposes. Anyway, the problem was that the last silver dollars were issued some 30 years earlier, in 1804. They then decided to mint a new set of eight coins dated in 1804.
But what they didn’t know, however, was the fact that the original coins that were, in fact, minted in 1804, were actually dated in 1803. This means that the eight are the only such Draped Bust Dollars with 1804 on them. Each is now worth today to over one million dollars.
The 1974 Aluminum Cent
In the early 1970s, copper prices were going up, which meant that the penny, in its original form, was no longer worth its production cost. Then, in 1973, a different version was proposed, made out of an aluminum and other trace metal alloy. A total of over 1.5 million pieces were minted in the anticipation and several were passed out to the Congressmen as a means to sway favor for the plan.
Unfortunately, however, the project was rejected and none of the aluminum pennies ever made it into circulation. The US Mint then recalled all the coins they distributed to have them melted, but some never made it back. Several have resurfaced over the following years, either being donated or returned to the Mint, but a few may still exist in private collections. Now, even though these are not silver dollar coins, per se, the story is interesting, to say the least.
The 1776 Silver Continental Dollar
After the signing of the Declaration of Independence, the newly united colonies wanted their own currency. Their design is attributed to Benjamin Franklin, which also contains such words like fugio (time flies), as well as the words “mind your business.” Most of these coins that still exist today were struck in pewter, while the silver ones are extremely rare.
The 1866 Seated Liberty
The most notorious coin robbery occurred at the Willis DuPont estate in Coconut Grove, Florida, back in 1967. Among the many pieces of jewelry stolen, there were also 7,000 coins missing, among which was also the 1966 Seated Liberty coin without the motto “In God We Trust.” This is one of the two such known coins in existence. Luckily, however, that coin resurfaced back in 2004. According to some sources, the reason why these coins did not have the motto, in the first place, was because they were made upon special request of a pharmacist and opioid dealer to some of the Mint employees.