Auc. 112 Lot 71Cilicia,
Persian satrap Mazzaios.
AR Stater (361-334 BC)
with Baal of Tarsus.
Condition: ef.
Estimate: 2.000 EUR

Auc. 112 Lot 472Roman Empire, Titus.
AE Sestertius (AD 80–81), Rome.
"Judaea Capta" type.
Condition: rare, ef.
Estimate: 26.000 EUR

Auc. 112 Lot 505Roman Empire, Trajan.
AV Aureus (AD 107–113), Rome.
Restitution issue honoring Augustus.
Condition: extremely rare, near vf.
Estimate: 24.000 EUR

Auc. 112 Lot 1467Province of the United Netherlands.
Arendsrijksdaalder (Eagle Rixdollar), 1598.
Condition: very rare, vf.
Estimate: 800 EUR

Auc. 112 Lot 1871Bremen, City.
Thaler, 1657.
Bearing the title of Ferdinand III.
Condition: near ef/ef.
Estimate: 1.200 EUR

Auc. 112 Lot 2139Free City of Frankfurt.
Vereinstaler 1857.
Condition: attr. piece, first strike.
Estimate: 3.900 EUR

Auc. 112 Lot 2363Saxe-Meiningen, Louise Eleonore.
Convention thaler, n.d. (after 1803),
issued on the death of Duke Georg.
Condition: extremely rare, unc.
Estimate: 6.100 EUR

Auc. 113 Lot 149Central African Republic.
Banque des États de l'Afrique Centrale,
1000 francs 1974.
Condition: I-.
Estimate: 500 EUR

Auc. 113 Lot 161Lübeck.
Commerz-Bank,
20 Thaler, July 1, 1865 (1866), blank.
Condition: I.
Estimate: 400 EUR

Auc. 113 Lot 288Bank Deutscher Länder banknotes.
50 Deutsche Mark 1948, specimen.
Condition: very rare, I.
Estimate: 1.000 EUR
Archive: People and Markets

PNG Advisory: No, You Don’t Have A $124 Million Penny

Recent online stories about pennies allegedly worth $124 million and billion-dollar 1976 Bicentennial quarter dollars are either false or grossly misleading, advises the Professional Numismatists Guild, a nonprofit organization composed of many of the country’s top rare coin experts.

A misleading online video prompted the owner of this silver dollar to mistakenly think it was a mint-made error worth thousands of dollars. However, the damage was inflicted after it left the United States Mint and reduced its value to only its silver content, about $25. Photo courtesy of JMS Coins.

A misleading online video prompted the owner of this silver dollar to mistakenly think it was a mint-made error worth thousands of dollars. However, the damage was inflicted after it left the United States Mint and reduced its value to only its silver content, about $25. Photo courtesy of JMS Coins.

“Unfortunately, these clickbait stories and videos with absurdly inflated rare coin values often get picked up by major search engines. The misleading or inaccurate stories raise false hopes to people who may mistakenly think they have a fortune when in fact their coins may only be worth face value or have drastically less collector value than they were led to believe,” cautions John Feigenbaum, Executive Director of the Professional Numismatists Guild (PNG).

“For consumer protection and education, it is important to rely only on expert sources, such as long-time hobby/trade publications and price guides as well as members of the Professional Numismatists Guild and the PNG’s trusted partner, Numismatic Guaranty Company. Depend on experts when you want coins evaluated for authenticity and market value,” emphasized PNG President James Sego.

Numismatic Guaranty Company offers a free online price guide where anyone can determine the approximate retail value of their old coins.

“Recent headlines that proclaim a rare penny might be worth more than $100 million or a 1976 Bicentennial quarter might be worth $1.5 billion are pure fantasy. The highest price ever paid for a rare coin sold at auction was $18.9 million. Also, some deceptive headlines and stories claiming you might find a certain rare coin in circulation involve genuine coins that have not been produced or in pocket change for a century or more,” stated Feigenbaum who also serves as Publisher of Greysheet, an authoritative rare coin price guide.

PNG President Sego recalled a recent encounter with a disappointed coin owner:

“The customer mistakenly believed he hit the rare coin jackpot because of a misleading video he watched online. He thought his 1926 silver dollar was incorrectly made at the United States Mint with severe gouges and now could perhaps be worth tens of thousands of dollars. However, the deep scratches on the coin occurred after it left the Mint, and because of that unsightly damage the coin is now only worth melt value, about $25 for its silver content.”

“If you don’t know rare coins, you better know your rare coin experts,” emphasized Sego.

The Professional Numismatists Guild was founded in 1955. The group’s motto is “Knowledge, Integrity, Responsibility,” and PNG members must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.

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