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
There has been a surge in the price of eggs due to a shortage as well.
11 hours ago
Fans caught Carey red handed as he tried to help mama Kelce in the Showcase Showdown round.
12 hours ago
The host Steve Harvey told the player that he should have just taken the X.
13 hours ago
The contestant was also good at guessing the prices of items, and that made things too easy.
14 hours ago
O'Leary and Corcoran tried to speak but John was relentless in pushing his offer.
1 day ago
The boy said that he wanted to be a collector in the future as well to get rich in life.
1 day ago
The contestant proved that the wife is always right by making every choice count.
1 day ago
The practice has been banned in European countries according to the shopper.
1 day ago
The host had been seeing the contestant criticize the show and finally gave it back.
2 days ago
Harvey stuttered through the round as the question made him visibly uncomfortable.
2 days ago
Even after someone mentioned the obvious word, the absurd answers didn't stop.
2 days ago
Dixie took the scolding lightly as he went into the bonus round with confidence.
2 days ago
Drew Carey was also on his toes as the contestant was racing against the clock to get the price right.
3 days ago
The 'Sharks' beat the team of "The Talk" to head into the Bonus Round of the show.
3 days ago
McGee shared that it wasn't the case with one or two cans but every single can of Sprite
4 days ago
While their shows are constantly competing, the two haven't expressed anything against each other.
4 days ago
Arbeláez shot to fame after a mishap in which she gave away a free car to a contestant.
4 days ago
The father's journey as an entrepreneur surprised sharks and even impressed Kevin O'Leary.
5 days ago
The player didn't start out performing well, but things started turning around soon.
5 days ago
The brand recently switched its supplier in a major move at the beginning of the year.
5 days ago