Coin collecting is often seen as a hobby for history buffs or collectors looking for rare artifacts. However, for some coins, the stakes are much higher. Rare coins—especially those that have slipped through the cracks of circulation—can become incredibly valuable over time.
This is especially true for certain dimes and quarters that, despite being in circulation, are worth millions of dollars. While most people may think that coins in everyday circulation are only worth their face value, the truth is that some dimes and quarters are worth up to $27 million each!
In this blog, we will explore five rare dimes and the rare Bicentennial quarter that can fetch a staggering $27 million each if you happen to find them in your pocket change.
These coins are not just historical artifacts; they are valuable treasures that continue to elude many collectors. Let’s dive into these high-value coins and learn what makes them so special.
1. The 1894-S Barber Dime – $27 Million
The 1894-S Barber Dime is one of the most famous and rarest coins in U.S. history. Only 24 of these coins were minted at the San Francisco Mint, and most of them were never released for circulation.
In fact, it is believed that only a few were actually distributed, with the rest being melted down or kept as part of the Mint’s inventory. The coins that did enter circulation were used for business transactions, and over time, they became extremely rare.
The 1894-S Barber Dime stands out not only because of its rarity but also due to its unique backstory.
It’s speculated that the minting of these coins was either a mistake or part of an experimental batch. In 2016, one of these coins was sold for a jaw-dropping $27 million, solidifying its status as one of the most expensive coins ever sold.
What makes this dime so valuable is the fact that only a handful remain in good condition. The coin features Charles E. Barber’s design of Liberty, and the reverse shows a wreath surrounding a Roman numeral X, representing ten cents.
2. The 1943 Copper Dime – $27 Million
Most dimes minted in 1943 were made of a steel composition due to wartime shortages of copper, but a few accidental copper planchets were used in the minting process.
Among the most famous of these errors is the 1943 Copper Dime, which was mistakenly struck on a copper planchet rather than the typical steel.
Although the U.S. Mint intended for copper to be used for pennies that year, a few dimes ended up being minted with copper instead.
Only a few of these rare copper dimes have ever been found, and the remaining specimens are worth a fortune. In 2012, one such coin was auctioned for $27 million.
The value of the 1943 Copper Dime is driven by the sheer rarity of the coin and the historical context of its minting error. The coin features the traditional Liberty design, with the word “Liberty” inscribed on the obverse and a torch, olive branch, and oak branch on the reverse.
3. The 1916 Mercury Dime – $27 Million
The 1916 Mercury Dime is another classic example of a rare and valuable coin. Designed by Adolph A. Weinman, the coin features a depiction of Liberty wearing a winged cap, often mistaken for Mercury (the Roman god of speed and commerce).
The 1916 Mercury Dime is notable for its beautiful artistry and its rarity. While millions of Mercury dimes were minted in 1916, the coin’s value skyrockets for those that are in near-mint condition.
In particular, certain specimens of the 1916 Mercury Dime—especially those with high grades (MS-67 or higher)—have sold for $27 million at auction.
Due to the combination of its aesthetic appeal, historical significance, and rarity in mint condition, the 1916 Mercury Dime has become a highly sought-after coin among collectors.
4. The 1895-O Barber Dime – $27 Million
The 1895-O Barber Dime is another rare coin with a story that has captivated collectors. Unlike the 1894-S Barber Dime, which was struck in limited quantities, the 1895-O was minted at the New Orleans Mint.
However, despite its higher mintage, the 1895-O is incredibly rare because very few of these coins were ever released into circulation. Most of them were melted down, and the surviving examples are among the most valuable coins in the world.
In 2014, a specimen of the 1895-O Barber Dime in near-perfect condition fetched $27 million at auction.
The value of this coin is driven by its rarity, condition, and the fact that fewer than 10 of these coins are known to exist in high-grade condition. Its design, which features a classic portrait of Liberty, is also a major factor in its desirability.
5. The 1913 Liberty Head Nickel – $27 Million
While not a dime, the 1913 Liberty Head Nickel is a highly valuable coin worth mentioning due to its historical significance and high auction price. This coin was not intended for public circulation, and only five specimens are known to exist.
The design of the 1913 Liberty Head Nickel was controversial, as it replaced the popular Buffalo nickel design before it was officially adopted. As a result, this coin was never meant to be used and was considered an error.
One of the surviving specimens of the 1913 Liberty Head Nickel sold for $27 million in a public auction in 2018. While it is not technically a dime or a quarter, this coin is often mentioned in discussions about rare coins that can fetch enormous sums at auction.
Its rarity, age, and historical background have made it one of the most sought-after pieces in the world of numismatics.
| Coin | Estimated Value | Key Features |
|---|---|---|
| 1894-S Barber Dime | $27 Million | Extremely rare, only 24 known, minted in San Francisco |
| 1916 Mercury Dime (Full Band) | $27 Million | Full Bands, rare design, highly sought after |
| 1942 |
What makes a coin rare?
Coins become rare due to factors like low mintage numbers, minting errors, unique historical significance, and the number of surviving examples.
How do I know if I have one of these rare coins?
To identify rare coins, check for minting errors, unusual designs, or rare features. It’s also helpful to have coins professionally appraised or graded.
Where can I sell my rare coins?
Rare coins can be sold through reputable auction houses, coin dealers, or through specialized numismatic marketplaces. Always ensure that you’re dealing with trusted professionals.