Sell Rare Coins to the Best Buyer Coin Buyer in Las Vegas and Henderson

A coin is a piece of hard material, usually metal and in the shape of a disc, that is used as a medium of exchange. In the past, a coin’s value was determined by the intrinsic value of the component metal, but nowadays, most coins are made of base metal, and their status as fiat money solely determines their value. However, coins produced decades ago still remain highly valuable because of their rarity and collectability are considered the most sought-after coins today. 

Brief History

Coins were believed to be introduced as a means of payment around the 5th century BCE. The Lydians were considered the first to  mint coins as provided in the historical accounts written by Herodotus. At the same time, Aristotle claims Demodike of Kyrme, the wife of King Midas of Phrygia, was the first to do so. However, according to numismatists, the first coins were made on the Greek island of Aegina, possibly by local rulers or King Pheidon of Argos.

Aegina, Samos, and Miletus all produced coinage for the Egyptians through the Greek trading station at Naucratis in the Nile Delta. Coins were almost certainly introduced to Persia when the Persians invaded Lydia in 546 BCE. Also, the Phoenicians did not start minting coins until the middle of the fifth century BCE, when the Carthaginians in Sicily did. Then, it was not until 326 BCE that the Romans began minting coins.

According to historical records, the first coins were made of electrum, a silver-gold alloy. The earliest Lydian coins appear to have been created as tokens for merchants to use in commercial transactions. Lydian coins, the majority of which featured Lydian ruler Alyattes, were also produced by the Lydian state. There is a so-called legend or dedication on several Lydian coins, which can still be seen today.

Significantly, gold coins were first standardized in China during the Qin dynasty, which ruled from 221 to 207 BCE. Then, the Han emperors established two more legal tenders after the Qin dynasty ended, including the silver coins and “deerskin notes.” 

Famous Rare Coins

Here are some of the top rare coins worth a large sum of money when sold to a reputable coin-buying establishment. 

1933 Saint-Gaudens Double Eagle

At the time of the Great Depression, President Franklin D. Roosevelt removed the country from the gold standard in 1933 and ordered the melting of all gold coins. Approximately a dozen were never returned to the mint or were smuggled out by enterprising employees, which significantly includes the Saint Gaudens Double Eagle. This was discovered in 1992 and confiscated by the Secret Service.

1804 Draped Bust Dollar

When the Jackson administration wanted to produce foreign dignitaries’ coin sets in 1834, silver dollars had not been pressed in thirty years to counter a wave of counterfeiting schemes. That is why the mint was ordered to produce eight silver Draped Bust dollars, dated 1804, making them the only dollar coins ever to bear that year. Each is now worth more than a million dollars. 

1861 Confederate States Half-Dollar

In 1861, the Confederate States of America took control of the New Orleans Mint. However, without a reserve of precious metals, the South chose paper money over coinage to fund their war efforts. There were few Confederate cents, and half-dollars that were struck were virtually unknown until after the Civil War when they began to appear in private collections. 

1974 Aluminum Penny

With the rising price of copper, Aluminum Penny costs almost as much to make a cent as the penny was worth in the early 1970s. As a result, the US Mint experimented with alternatives, such as this aluminum penny sent out as a sample to VIPs but were never recovered. 

1913 Liberty Head Nickel

This five-cent piece is considered a numismatic legend. Despite the fact that the “Liberty Head” design was retired in 1912, five nickels with said design were struck in 1913. But then, these were sold a few years later, with one being valued at $3 million in a recent transaction.

Best Buyer of Rare Coins

Nevada Coin Mart is the top buyer of rare coins in any condition from different timeframes of coin production. So, if you have rare coins that you want to get rid of in exchange for instant cash, now is the perfect time to bring them to our shop and sell them. We buy a wide range of coins with a variety of designs, themes, and metal content.

Our store offers a free in-store valuation to ensure that your valuable item is valued accurately and fully. We use a state-of-the-art x-ray spectrometer to analyze the fine details of your rare coins and use it to assess and provide a fair price. Likewise, with the assistance of our experts, we ensure that we will correctly evaluate the collectible and market value of your rare coins.

The Las Vegas Journal Review has honored Nevada Coin Mart with the Best of Las Vegas Award 12 times already. That is why we continue to pledge to work to the best of our abilities in order to provide the best possible customer service at all times. Our team makes every effort to ensure that our services are delivered with professionalism and excellence.

Sell your rare coins now with us! Nevada Coin Mart® is the answer to search now for a reputable coin-buying store. We are located at 4065 S. Las Vegas Blvd. in Las Vegas, Nevada. Call 702-998-4000 or stop by our location at Jones Blvd in Las Vegas, NV 89103. We are available from 9:00 AM to 5:00 PM every single day of the year.

References:

https://www.worldhistory.org/coinage/#:~:text=Coins%20were%20introduced%20as%20a,of%20King%20Midas%20of%20Phrygia.

https://www.livescience.com/11363-top-10-rare-coins.html

https://en.wikipedia.org/wiki/Coin#Currency

https://www.thesprucecrafts.com/identifying-old-coins-768860