Just think about how many coins are lost from circulation over the years because people have dropped them down the drain or lost them down the back of the sofa. 1 cent or $0.01), 5¢, 10¢, 25¢, 50¢, and $1.00. Ionian Hemiobols. The museum found that the coin appears to have been minted in western Anatolia in the second half of the seventh century B.C.E., making it more than 2,750 years old. These old coins included a series of "tokens" (privately issued coins that circulated in public commerce) struck by silversmith John Chalmers of Maryland in 1783. Houston was on a metal-detecting trip with a friend from New Hampshire when he found the coin. In 1957 near Phenix City, Alabama, a small boy found a coin in a field from Syracuse on the island of Sicily and dating from 490 B.C. Several private issues of copper tokens as well as experimental coins for the Confederation were also … The history of coins is very long and fascinating, extending from ancient times up until the modern days. This coin is exceedingly rare. Claudius II, from 268 A.D. Chalmers minted threepence, sixpence and shilling tokens all in silver. Today, circulating coins exist in denominations of 1¢ (i.e. The boy reportedly traded the coin for fifteen cents worth of candy. As Houston dug it up from under a few inches of dirt, he immediately saw the 1798 mark on it and knew it was something special. The ammunition measured-out at .75 caliber, making it British in origin. First minted in 1794, the Flowing Hair dollar was the first dollar coin issued by the United States federal government.… The fledgling federal government had just started making its own money six years prior, in 1793. A Roman sword, a legionnaire's whistle, Gold Carthage coins, part of a Roman shield and a Roman head sculpture were found on an island in Canada. AP Buried in the dirt was a small coin of unknown origins. The penny is not in pristine condition. Thereafter, Morris writes, the two corresponded on the "subject of the Coin.". The one McCarthy bought was found about 15 years later and was therefore designated "quint Type 2.". This image provided by PCGS.com/Professional Coin Grading Service shows the front (left) and back of a 1783 plain obverse Nova Constellatio "quint" silver coin. In 1957, in a field near Phoenix City, Alabama, a little boy reportedly found a coin from the Greek city of Syracuse in Sicily dated to c. 490 BC. 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While excavating a Native American settlement in Maine in 1957, archaeologists found something amazing. The “tails” side of the 100-percent copper penny shows two olive branches tied with a bow. A fuller set of coins was minted on April 22 and forwarded to Thomas Jefferson so a third Founding Father could weigh in on the design. The copper penny… This image provided by PCGS.com/Professional Coin Grading Service shows the front (left) and back of a 1783 plain obverse Nova Constellatio "quint" silver coin. I found it on a beach about 12 miles east of Portland Oregon. It was never adopted. Re: Possibly the Oldest Coins Ever Found In North America With a Metal Detector Isn't it amazing what turns up in unexpected places. Set to cross the block in the Stack’s Bowers Galleries Official Auction of the Whitman Coin and Collectibles Baltimore Expo is a famously rare New England sixpence… By David Williams, CNN. That’s because it’s not the value of the objects he finds that keeps him looking, Houston said, it’s the value of the experience. It’s larger than a contemporary penny, more akin in size to a modern half-dollar coin. The evidence all pointed to him having uncovered the nation's first coin," the news agency says. Chinese coins have been found in the United Kingdom before. The stater is a key exhibit in the Department of Coins and Medals of the British Museum, which houses one of the world's finest numismatic collections, comprising about 1 million objects. Post was not sent - check your email addresses! Historic coin experts say they have found the first silver piece minted by the US and believe it was likely held by Founding Father — and founder of The Post — Alexander Hamilton. In 2013, David McCarthy spotted a rare coin in an auction catalog and immediately had a hunch it was the first coin minted by the fledgling United States of America in 1783. EMBDEN, Maine — Earlier this month, a man with a metal detector found a long-hidden, 222-year-old coin under a few inches of soil outside a church. But most date to the 17th century when trade between Europe and the Far East was far more well-established. “I found all kinds of interesting stuff while I was up there,” said Shane Houston, from his home in Charlotte, North Carolina. Updated 5:27 PM ET, Wed November 18, 2020 . Authorized by Congress, the coin had a value of 500 units in a proposed but later abandoned early American decimal monetary system that would have ranged from 5 to 1,000 units. From 1781 to 1784, when the young nation was still governed by the Articles of Confederation, Morris served as the superintendent of finance for the United States. The AP quotes the ANA's Garrett as saying the closest comparison might be a 1794 U.S. silver dollar that sold for $10 million four years ago. That’s probably the oldest coin ever found in North America. We are using our database of nearly every US coin ever produced (6,000+ coins) based on year, rarity, mint mark, major varieties, errors and their associated price values to come up with a list of the top most valuable coins known. He loves the peace and quiet he finds outdoors. If McCarthy's evidence is solid, the coin he has was mentioned in the diary of Robert Morris, a Philadelphia merchant who financed the American Revolution and signed the Declaration of Independence. Above her is “liberty” and below is the year. He methodically convinced his boss, Donald Kagin, that the coin up for auction was the nation's first. “It gets me out of the house, it’s great exercise and I just really love finding these old relics that people have lost or thrown away,” Houston said. 1974 Aluminum Penny. 1992 Close AM Reverse. He thinks other metal-detecting folks who were there before would have missed it. But the initial explanation was that mints tended to add inscriptions to the steel dies used to make coins after having engraved the images.". It's not just the coin itself, but the story that goes with it that makes it valuable, Garrett says. Houston later removed layers of green corrosion from the penny with special cleaning pencils, revealing its full design. It was designed by engraver Robert Scot at the Philadelphia mint, after a painting by New Englander Gilbert Stuart. And there's no question that if McCarthy is right, his quint has a fascinating story to tell. Heritage Auction Galleries. EMBDEN, Maine — Earlier this month, a man with a metal detector found a long-hidden, 222-year-old coin under a few inches of soil outside a church. “And it’s cheaper than therapy.”. Country of Origin: City of Cyme in ancient Ionia … Houston said it might fetch $200 on Ebay but he has no intentions of selling it. When looking for valuables, most hunters set their devices to ignore iron but Houston leaves his switched on because he enjoys finding hand-forged nails. It’s a great place.”, Troy R. Bennett is a Buxton native and longtime Portland resident whose photojournalism has appeared in media outlets all over the world. "The day of the 2013 auction in Schaumburg, Illinois, McCarthy sat in his hotel room with his files and air conditioning cranked on high. The Maine Penny was discovered on 18 of August 1957 by an amateur archaeologist by the name of Guy Mellgren. What first caught McCarthy's eye was the fact that the coin, which was unmistakably one of two rare quints, had no inscription on the front. Related articles FOUND 40ft … The coins may … Year Created: c. 600 – 550 BCE. He spent the next four years digging up evidence to prove that he had indeed purchased the fabled first "500" quint. Sorry, your blog cannot share posts by email. Attached is a picture of a Parthian coin from 120 - 80 BC. USA Coin Book has compiled a list of the all-time, rarest and most valuable US coins ever known. It is the age of this coin that makes it as valuable as it is and is why someone was willing to pay $6.8 million for one at auction. Mellgren found the coin at the Goddard prehistoric archaeological site, which contained the remains of an old Native American settlement, at Naskeag Point, Brooklin, Maine. Then, as he was reviewing the receipts for the steel dies used to make the coins, he found evidence that "two of the dies had been recycled and refined after the first coin was struck," the AP writes. It was a nuanced case since other dealers claimed it was a forgery. There are now only three known exam… He searched through the National Archives, but got conflicting answers. It sat on a shelf at a museum for 10 years before anyone realized the importance of their find. “Honestly, 99 percent of the things I dig up are garbage,” he said. The “heads” side shows the draped bust of Lady Liberty in profile. He wants to return to the same location and search some more next year. In the town of Heavener, Oklahoma, another out-of-place coin was found in 1976. From the end of the Revolutionary War in 1783, until the establishment of the U.S. Mint in 1792, a variety of early American coins were issued by private minters and individual states. Roman coins were found in Texas at the bottom of an Indian mound at Round Rock. In 1957 near Phenix City, Alabama, a small boy found a coin in a field from Syracuse on the island of Sicily, and dating from 490 B.C. Authorized by Congress, the coin had a value of 500 units in a proposed but later abandoned early American decimal monetary system that would have ranged from 5 to 1,000 units. McCarthy, an experienced numismatist (coin collector) bought the silver coin for $1.18 million. Maine news, sports, politics, election results, and obituaries. As of now our database consists almost entirely of coins from 1880s-2021, as we wanted to focus mostly on coins that were readily accessible and possibly still in circulation. “I’d never been to Maine before and I absolutely fell in love with it,” he said, “the scenic views, the people and the beer — and the history. The president of the American Numismatic Association, Jeff Garrett, has pronounced McCarthy's research as "really, really good.". The copper penny, dated 1798, comes from the first decade of American-minted money in North America. Stephen A. Knapp, Senior Pastor at St. John Lutheran Church, Forest Park, IL, and a specialist in late Roman bronze coinage, as a follis of One of the oldest and rarest coins, it’s known as a “Double Leopard” due to the depictions of 2 leopards on both sides of the coin, one where the King sits in between them. 2 of the 3 coins were discovered in the River Tyne in 1857 and the third coin was found in the South of England by a metal detecting enthusiast in 2006. Not the first run of coins, mind you, but the very first one. Houston located the older penny outside a church, where he had permission to look. New coins have been produced annually and they make up a valuable aspect of the United States currency system. A 2,221-year-old silver coin dug up as part of a hoard is the oldest piece of Roman money ever found in Britain. 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