Author: Vince A Miglore,
Email
Vince Miglore is a researcher and technical writer with a keen interest in
metal detecting. He's written for numerous magazines, including W&E
treasures, and is former editor of a hobbyist newsletter.
"I bought a detector back in 1982, and in the first 5 minutes I found an
Indian Head penny dated 1881 -right in my own front yard! Since then I've
been hooked."
You'll be hooked too, when you see how great this sport is for your physical
fitness, your appreciation of natural science, and most of all for the
wealth of treasures you can find.
Vince is the author of
Metal Detecting for the Beginner 2
nd
Edition, 2010 which can be found at
Amazon.com
and P
hoto Intro to Metal Detecting: An Image-based Primer at
Amazon.com
Jackpot Coins
by Vince Migliore
Most of the coins you find with your metal detector are worth no more than
face value. Every once in a while, however, you can find a coin that has
collector value. And on an extraordinary occasion you may even find an
exceptionally rare coin that has tremendous value to the coin collector.
These are the Jackpot Coins.
Older coins are generally more desirable, but what really adds to a coin’s
value is its rarity or scarceness. In coin collecting, the rarest and
therefore most valuable coins are those with limited editions, mint die
errors, double strikes, and unusual designs. Coins are also rated by a
grading system based on the wear and appearance of the coin. With so many
denominations, variations, and grades, it can be tough to search through the
mountain of information on American coins. Fortunately (or maybe not so
fortunately) for the metal detectorist, the grade of coins found in the
ground is going to be pretty low, with a grade of Fine (F-12) being about as
good as it gets for buried currency. The F-12 grade corresponds to moderate
or considerable wear with the design still visible.
The chart below summarizes the most outstanding of the Jackpot Coins. Make
no mistake, though; there are volumes of books on numismatics (coin
collecting) and there is no easy way to cut through all the clutter. The
chart simply calls your attention to the coins that require further
investigation. If you have a large number of coins your best bet is to buy a
price guide, such as “A Guide Book of United States Coins, 2012” by R.S.
Yoeman, the Official Red Book. Such books provide pictures and references to
help identify grade levels and design variations. Even if you don’t hit the
jackpot, some of these older coins can be worth hundreds of dollars.
In the meantime, it’s best to treat all your finds as if they have collector
value. You can start by being careful not to scratch the coins when you
retrieve them, and don’t rub the dirt off or use cleaning agents. A simple
soap and water rinse will generally get them clean enough to see the date
and denomination, and then you can see if you have a winner on your hands.
The chart classifies coins into three broad categories; those valued at
about $1,000 or more; those valued about $10,000 or more; and the truly rare
coins valued at over $50,000. Before you quit your day job, be sure to check
out more reliable sources and descriptions than we have room for here.
Remember too there are many replicas, fakes, and hoaxes for the really rare
coins. More often than not, however, you will be pleasantly surprised at
finding how many of your coins have collector value.
|
Coin Values for Metal Detectorists |
USING Fine F-12 - Features are worn but visible. |
| Vince Migliore,
Jan. 2012 |
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COIN |
DATE |
Over ~
$1,000 |
Over ~
$10,000 |
Over ~
$50,000 |
| COLONIAL &
CONTRACT |
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- Pre-1800 coins |
Pre-1800 |
Most |
Many |
Few |
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| HALF CENT |
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- Liberty Cap |
1793 - 1797 |
All |
1796 |
1797 gripped edge |
|
- Draped Bust |
1800 - 1808 |
1802 2 over 0
DD 2nd reverse; 1805 small 5, stems |
- |
1802 2 over 0 DD reverse of 1800 |
|
- Classic Head |
1809 - 1836 |
1811 ~ $800 |
- |
- |
|
- Braided Hair |
1840 - 1857 |
- |
- |
- |
| |
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| LARGE CENT |
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- Flowing Hair |
1793 |
1793 Wreath reverse |
1793 chain reverse |
1793 strawberry leaf |
|
- Liberty Cap |
1793 - 1796 |
1794 w '93 head; 1796 |
1793; 1794
starred reverse; 1795 Jefferson hd, plain edge |
- |
|
- Draped Bust |
1796 - 1807 |
1796 LIHERTY
error; 1804; 1807 sm date, 7/6 DD blunt 1 |
1796 stemless;
1799 & DD; 1803 lg. date,
sm. fraction |
- |
|
- Classic Head |
1808 - 1814 |
- |
- |
- |
|
- Liberty Head |
1816 - 1857 |
1839 9/6 DD plain cords |
- |
- |
| |
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| SMALL CENT
(PENNY) |
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- Flying Eagle |
1856 - 1858 |
1856 |
- |
- |
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- Indian Head |
1859 - 1909 |
1877; 1888 8/7 DD |
- |
- |
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- Lincoln Wheat |
1909 - 1958 |
1809-S VDB;
1922 no D; 1955 DD date |
- |
- |
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- Lincoln Memorial |
1959 - 2008 |
- |
- |
- |
| |
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| 2-CENT |
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- Two Cent |
1864 - 1873 |
1873 open 3 restrike DD |
- |
- |
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| 3-CENT |
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- Silver 3-cent |
1851 - 1873 |
- |
- |
- |
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- Nickel 3-cent |
1865 - 1889 |
- |
- |
- |
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| 5-CENT |
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- Shield Nickel |
1866 - 1883 |
- |
- |
- |
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- Liberty Head |
1883 - 1913 |
1885 ~ $800 |
- |
- |
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- Buffalo Nickel |
1913 - 1938 |
1916 DD date;
1918-D 8/7 DD; 1936-D & 37-D 3-legged |
- |
- |
|
- Jefferson Nickel |
1938 - date |
- |
- |
- |
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| HALF-DIME |
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- Flowing Hair |
1794 - 1795 |
1794, 1795 |
- |
- |
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- Draped Bust |
1796 - 1805 |
All |
- |
- |
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- Capped Bust |
1829 - 1837 |
- |
- |
- |
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- Liberty Seated |
1837 - 1873 |
- |
- |
- |
| |
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| DIME |
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- Draped Bust |
1796 - 1807 |
All |
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- Capped Bust |
1809 - 1837 |
1822; 1824 4/2 DD pointed 1 |
1829 curl base 2 |
- |
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- Liberty Seated |
1837 - 1891 |
1871-CC to 74-CC (Carson City) |
- |
- |
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- Barber / Liberty Head |
1892 - 1916 |
- |
- |
- |
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- Mercury Dime |
1916 - 1945 |
1916-D |
- |
- |
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- Roosevelt Dime |
1946 - date |
- |
- |
- |
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| 20-CENT |
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- Liberty Seated |
1875 - 1878 |
- |
- |
- |
| |
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| 25-CENT |
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- Draped Bust |
1796 -1807 |
1804, 05, 06 |
1796 |
- |
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- Capped Bust |
1815 - 1838 |
1822 25 over
50-cent DD; 1824 4/2 DD date |
- |
1823 3/2 DD |
|
- Liberty Seated |
1838 - 1891 |
1849-O; 1854-O
huge O; 1860-S; 1871-CC & 72-CC; 1872-S |
1870-CC; 1873-CC; |
- |
|
- Barber / Liberty Head |
1892 - 1916 |
1896-S; 1913-S |
1901-S |
- |
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- Standing Liberty |
1916 - 1930 |
1916; 1918 8/7 DD |
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- Washington Quarter |
1932 - date |
- |
- |
- |
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| HALF DOLLAR |
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- Flowing Hair |
1794 - 1795 |
All |
1794 |
- |
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- Draped Bust |
1796 - 1807 |
1801 & 1802, 1806 E/A in States; |
|
1796, 1797, 1806 nob 6 no stem; |
|
- Capped Bust, Let. Edge |
1807 - 1836 |
1812 2/1 DD lg
8; 1812 single leaf; 1815 5/2 DD; 1830 lg letters |
|
1817 7/4 DD |
|
- Capped Bust, Reeded |
1836 - 1839 |
1836 |
1839 small letters rev. |
- |
|
- Liberty Seated |
1839 - 1891 |
1842 sm let &
date; 1844-O DD date; 1847 7/6 DD;
1870-CC; 1873 open 3; 1874-CC; 1878-CC |
1878-S |
1853-O |
|
- Barber / Liberty Head |
1892 - 1915 |
1820-O micro O; |
- |
- |
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- Walking Liberty |
1916 - 1947 |
- |
- |
- |
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- Franklin Half Dollar |
1948 - 1963 |
- |
- |
- |
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- Kennedy Half Dollar |
1964 - date |
- |
- |
- |
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| DOLLAR COINS |
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- Flowing Hair |
1794-1795 |
1795 |
- |
1794 |
|
- Draped Bust |
1795 - 1804 |
All |
- |
- |
|
- 1804 Dollar (rarest) |
1804 |
- |
- |
All (extremely rare) |
|
- Gobrecht Dollar |
1836 - 1839 |
Most circulated |
Most uncirculated VF-20+ |
Some restrikes |
|
- Seated Liberty |
1840 - 1873 |
1854, 55, 58;
1871-CC & 72-CC |
1851 orig. high
date; 1852 orig.; 1873-CC |
1870-S |
|
- Trade Dollars |
1873 - 1885 |
- |
- |
- |
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- Morgan Dollars |
1878 - 1921 |
1889-CC, 1893-S |
- |
- |
|
- Peace Dollar |
1921 - 1935 |
- |
- |
- |
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- Eisenhower Dollar |
1971 - 1978 |
- |
- |
- |
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- Susan B. Anthony |
1979 - 1999 |
- |
- |
- |
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- Sacagawea Dollar |
2000 - 2008 |
- |
- |
- |
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Vince Migliore, Jan. 2012 |
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