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
The guest later mentioned that her father would be surprised and joked that she might send it back to him.
3 hours ago
The guest who was looking for $300 changed his mind after the artifact got a big appraisal.
4 hours ago
The show's expert turned out to be off by miles as the item was much more significant than he knew.
5 hours ago
Turns out the pages weren't out of any common edition of the Bible but an important one.
6 hours ago
While Harrison was ready to fork up serious cash for the Roman coin, the owner had other ideas.
8 hours ago
Despite the huge offer, the owner of the memorabilia chose to walk out on Harrison.
1 day ago
Fans were considering all possibilities in the wake of a streak of bonus round losses.
1 day ago
Cuban had dropped out twice before coming back with the offer for the entire firm.
1 day ago
The guest who only knew that the ring was worth $20,000 in the 70s wasn't prepared for the appraisal
2 days ago
Courtney White competed on the show with her friends as part of a bragging rights episode.
2 days ago
Miniature construction material maker, Mini Materials, was ironically 'too small' for the Sharks.
2 days ago
When Harrison came across 'The Book of Mormon' he went out of his way to not lowball it.
2 days ago
Many everyday essentials have been impacted by the recalls issued in the past couple of months.
3 days ago
Apart from being expensive, the violin held immense sentimental value for the guest as well.
3 days ago
The Chinese Tang Dynasty Marble Lion, which stunned the expert, fetched a $180,000 appraisal.
4 days ago
The White SUV was kept hidden from the public eye by Simpson's ex-agent who contacted Rick Harrison
4 days ago
The former Presidential candidate was a one-day champion on the show.
4 days ago
Harrison mentioned that Houdini was one of the best performers ever.
5 days ago
The collection, which was probably bought for about $100, fetched an astounding valuation.
6 days ago
While the Sharks saw merit in All33's chair, they were choking on its sky-high valuation.
6 days ago