I found a rare coin at my grandma’s home – the ‘capped bust’ detail on the front makes it worth $22,500 | 0UD70JL | 2024-05-09 17:08:01
I found a rare coin at my grandma's home – the 'capped bust' detail on the front makes it worth $22,500 | 0UD70JL | 2024-05-09 17:08:01
FAMILY heirlooms can often be worth unexpected amounts of cash.
One man found a historic coin from 1908 at his grandmother's home, and it could be worth up to $22,500.
He shared his find on Reddit, asking coin collectors for advice.
His post, on the subreddit r/coins received hundreds of upvotes and dozens of comments.
The silvery coin was marked from 1808 and featured a woman in a cap on one side and an eagle on the other.
It was identified as an early half dollar coin.
BIG BUCKS
One commenter weighed in with their thorough analysis of the coin.
They said that based on cracks in the design, it appeared to be an Overton 102A variety 1808 50 cent coin.
Also known as a "capped bust" coin for the depiction of Lady Liberty wearing a hat, this coin was among the earliest minted in the young United States.
The man found his grandmother's coin hidden inside a small package with handwriting on it.
The writing indicated that it was bought, apparently by his grandmother, in 1950 in Philadelphia for just $10.
$10 in 1950 was worth about $130 in 2024, according to inflation calculator Amortization.
<!-- End of Brightcove Player --> "That was a big purchase for your grandma," one commenter said. "She chose a great coin to spend it on."
Sure enough, high quality versions of the coin can sell for thousands.
According to the Professional Coin Grading Service, which rates coins and estimates their values, the highest-grade specimens of this variety are worth around $22,500.
Even low-grade coins of this type can sell for hundreds of dollars.
Other varieties of the 1808 half dollar can go for $67,000.
MORE COINS
The internet has become a resource for those who find and collect rare coins.
One person recently found out from Reddit that their unusual pin was actually a rare German coin from 1619.
<p class="article__content--intro"> What causes such defects on coins and why are they so rare to find? </p> </div> </div> Despite its age and rarity, the alterations made to the coin likely made it lose significant value, Redditors said.
TikTok has created rare coin influencers, who frequently share coin collecting success stories.
One showed off a 2022 quarter error that could be worth $50 apiece.
Another shared a 2021 error that could be worth money.
Unusual dollar bills can also be worth hundreds, if you know what to look for.
More >> https://ift.tt/ce59GHV Source: MAG NEWS
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