Your Loose Coins Can Make You Wealthy


By Robert Stitt

Have you ever wondered what the closest you ever came to being filthy rich was? Did you ever think that if you only had that one big break everything else would have fallen in place? How sick would it make you to find out that you could have thrown your fortune onto a street, into a pool of water, or traded if off for the temporal satisfaction of a piece of candy?

You may find this to be a bit of an exaggeration, but tens of millions of pennies, dimes, nickles, and quarters are thrown into parking lots, wishing wells, or dropped into gumball or trinket machines each year. While most of them are not even worth the metal they are made out of and you should feel fortunate to get their face value, a few of them could turn your world upside down.

Just recently, “an 1894-S Barber dime, which was struck at the San Francisco mint sold for almost $2 million” through Heritage Auctions in Tampa, Florida, according to Celebrity Net Worth. Granted, the 1894-S Barber dime is one of the three rarest U.S. coins in existence along with the 1804 dollar and the 1913 Liberty nickel.

It is reported that of the 2.5 million of the 1894-S Barber dimes minted, only 19 went into circulation and the rest were melted down during the recession. Ten of the 19 are known to exist, the other 9 are missing. Heritage Auctions is offering a $10,000 reward if they are the first to examine one of these rare coins that has not been previously reported. Not every coin will be worth $2 million, but they will draw a hefty sum. According to David Hall, the co-founder of Professional Coin Grading Service, the one that recently sold was in “spectacular condition, almost perfect”.

Just last year, a 1792 Birch Cent American penny sold for $2.6 million and in 2013, a 1794 silver dollar went for over $10 million.

How close are you to a luxury retirement? Perhaps as close as a sock drawer, couch cushion, or nondescript can in your kitchen cupboard.



Personal Finance