ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Uncovering the ‘Holy Grail’ Coin's Journey to a $80,000 Triumph

Rick Harrison, the famous businessman from Pawn Stars was shocked when he saw the valuable coin.
PUBLISHED JAN 28, 2024
Cover Image Source: |Pexels | Photo by Lay Low
Cover Image Source: |Pexels | Photo by Lay Low

Winning coins of high value is like going on an enthralling journey where regular old coins turn into special treasures. These coins all of a sudden become more than just money; they become ancient, aesthetic, and valuable. Some people have the hobby of exploring, finding, and collecting these special coins and diving deep into the fascinating stories behind them. Winning or having possession of an ancient coin is like getting the opportunity to touch the past and feel how the times were back then. Let's dig deep into such a story where a man mistakes an old coin for a regular one and gets fascinated when he knows its value.  

A man holding and adoring an old coin|Pexels|Photo by Erik Mclean
A man holding and adoring an old coin|Pexels|Photo by Erik Mclean

The story goes like this when a person walked into the Gold & Silver Pawn Shop in Las Vegas, Nevada, with an old coin that he won in poker in a special plastic case. The coin case couldn't be opened easily and showed that experts from the Numismatic Guaranty Company, NGC, had checked and approved it.

Rick Harrison, the famous businessman from Pawn Stars, was shocked and at the same time enthralled when he saw the valuable coin. As soon as he saw he called it "one of the holy grails of American coins". Proof coins are some of the first copies made whenever any design comes and preserved for keeping a record.

This special coin was a high-quality proof called a Peace Dollar and only a few copies of this precious coin were ever found, making them prized possessions for collectors and Rick Harrison was one of them. He was so stunned that he asked his friend Dave an NGC grader, to be sure before paying and buying the coin. His friend assured him that the coin was real and he provided the coin's estimated value to be somewhere between $50,000 and $100,000. This whole story was known to Rick whereas the man who came in with the coin was unaware and wanted $20,000 out of it. But after a few negotiations, Harrison bought the coin for $80,000.

Pexels|Photo by Kindel Media
Unexpected wins are the best|Pexels|Photo by Kindel Media

Old coins were not of that much craze in ancient times but people today are getting interested in having a huge collection of coins from different centuries. Pawn shops and numismatists (coin experts) knew deep down that some coins are extremely valuable. People are also aware that the ancient coins and the coins they use in everyday life can be of huge worth. Some pretty rare coins used even before World War times are found with some people and they have preserved them as souvenirs from their ancestors.

There are many instances in which people find valuable coins in unusual places. In one instance, a worker at a store found a special penny in the cash register, and when he got to know it had cost more than $4,000.  Pennies could be rare without having symbolic pictures which people mistake and feel is of no use but they could be worth a fortune sometimes.

Why are people so crazy for collecting ancient coins|Pexels|Photo by Pixabay
Why are people so crazy for collecting ancient coins|Pexels|Photo by Pixabay

There's a really old American coin that's 300 years old and was sold for over $13,000 just because it had a pretty weird design and people found it fascinating. Collectors and hobbyists are starting to learn the importance of coins and history from experts, and some of the ancient items are selling for really high prices.

MORE ON MARKET REALIST
His uncle had bought it for $10 in London while serving as a soldier in World War II.
9 hours ago
The host Jennings and the winner of the game both quickly apologized for the problematic mistake.
16 hours ago
Sharks have also endured some of the worst pitches in America while making profits from several investments.
19 hours ago
Costco's generous return policy has resulted in numerous bizarre stories shared online.
20 hours ago
The boy first thought of it when he was just 8 years old and started working on it with his father.
1 day ago
The TikTok campaign helped the user collect a lot more than he intended to through a fundraiser.
1 day ago
Thornton has been a familiar voice for the audiences for more than a decade now.
1 day ago
The actor had brought an ancient treasure and was playing his character from a Netflix movie.
1 day ago
The TikToker has seen it happen only a couple of times but says checking is always better.
2 days ago
Users pointed out how the glitch was too obvious to be missed by the production team.
2 days ago
While Schwimmer and his entrepreneur friend put up a great show, the Sharks weren't impressed.
2 days ago
The waitress narrated her story to the woman who was a psychologist helping people with PTSD.
2 days ago
Rodriguez's salary has been a running joke among fans who compare it to Kimmel's paycheck.
2 days ago
The heartwarming interaction made the teacher a local celebrity.
3 days ago
The New York resident took the casino to court after it denied paying her the winnings.
3 days ago
The expert first thought of the textile as any other Scandinavian rug but soon found out more things about it.
3 days ago
The woman had been working at a restaurant and eating one meal a day that she got for free.
3 days ago
Everything was going well until the founder mentioned the size of the market that she was in.
3 days ago
The X user shared an image of the receipt from the pandemic era.
4 days ago