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The infamous 1933 Saint-Gaudens double eagle. The law took effect in spring 1933 and required the melting of the entire existing production of those coins. During the darkest moments of the Great Depression, this executive action banned the private ownership of most gold bullion. Take, for example, the 1933 Saint-Gaudens double eagle, which saw a mintage of 445,500 pieces before Executive Order 6102 was ordered by President Franklin Delano Roosevelt. Some of the rarest coins are worth hundreds, thousands, and even millions of dollars. We say “usually” because rarity doesn’t always equate to high value, which is something we’ll examine more shortly. Think about it for a moment… If something is scarce and many people want it, won’t its value generally be on the higher end of the price spectrum? Yes! And the same applies to rare coins-scarce pieces are usually going to bring a high price tag.
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It all comes down to the age-old law of supply and demand. Those who aren’t necessarily avid coin collectors might not understand why some rare coins could be worth $1 million, or $5 million, or even $10 million.
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You have virtually no chance of finding one of these coins in circulation and are extremely unlikely to inherit any of the rarities that follow in the list below. What About Rare Coins That Are Really Old or Worth Millions? 1938-D Walking Liberty half dollar – $50+.1921-D Walking Liberty half dollar – $190+.1921 Walking Liberty half dollar – $125+.1916 Standing Liberty quarter – $2,800+.1955 Lincoln doubled die obverse cent – $1,000+.Interestingly, several types of small cents, including Indian Head pennies and Wheat pennies, also make an appearance on the list. Several are error coins from the 20th century, and about half of these United States coins contain precious metals. You'll notice that "D" and "S" coins-from the Denver Mint and San Francisco Mint, respectively-make up the bulk of the list. What follows is a rundown on rare coins that you’re more likely to find in circulation (pocket change) or heirloom collections. 1804 silver quarter, bearing the same design as the Draped Bust dollar.