With this in mind, what is it that makes a given coin worth more than another? Basically, it comes down to a few factors. This can include the demand for a particular coin as well as its grade, age, design – even its intrinsic metal value.
The coin sold in Tampa for $1,997,500 fits most of these criteria. David Hall, of Professional Coin Grading Service in Santa Ana, California, said, “A couple of coins have been known among the rarest of the rare for 100 years and this is one of those numismatic icons.”
So, how do you recognise a $2 million coin? The coin in question was a dime minted in 1894, known as the 1894-S Barber dime. Keep an eye out for any dime from this year, even if it isn’t an S-Barber, since it could still be worth hundreds of dollars.