Recent Rare Coin Discoveries Teach a Valuable Lesson to Us All

If you’ve ever cleaned out an old family home, you’ve probably had the experience of opening a dresser drawer and finding a large quantity of coins rolling around there – the pocket change that some relative of yours tossed there 20, 30, or even 40 years ago.

On first glance, those coins usually appear to be nothing more than regular pennies, nickels, dimes, and quarters. It’s tempting to give them a very quick once-over before spending them or depositing them in a bank.

Photo of silver coins that Specialty Metals can recycle and refine for your company.

But the fact is, appearances can be deceiving. Even if you come across a batch of coins that don’t look unusual, it is still worth taking them to a reputable coin dealer and having them examined. Even a coin that looks unremarkable could have collectable value. And there is also the chance that you have discovered one gold or silver coin that is really valuable – either for its rarity or its gold or silver content – that you could easily overlook.

Coins End Up in Unusual Places

Two very unusual stories about coins have made the news recently. Both illustrate that it can be a costly mistake to make a snap judgment about what you are looking at after you discover a collection of coins.

As these stories prove, batches of coins can contain some very surprising secrets.

  • Discovery oneAn ancient Roman coin was discovered in northern Russia. When a team of archaeologists was recently excavating and examining the contents of an eleventh-century mound in Novgorod, Russia, they found a fourth-century Roman coin buried there. They guess that a Russian pilgrim to the holy land had acquired the coin and brought it back with him – but there is no way to know exactly how that old coin traveled so far. Coins do that – they seem to have a magical life of their own.
  • Discovery twoTwenty-six Iron Age and Roman coins were found in a cave in Derbyshire, England. It is not too unusual to discover a batch of old coins. But one recent find in England is very odd because it co-mingled coins that come from very different civilizations. Some of the coins are Roman issues that were apparently hidden there before the Romans had even occupied Great Britain. How did they get there? The archaeologists who found them are puzzled.

What Rare Coin Discoveries Will You Make?

Again, let’s remember that unusually valuable coins can be hidden in older coin collections and odd lots. If you come across coins with valuable quantities of precious gold or silver, call us at 800-426-2344. We’re here to help solve the mystery of what your discoveries could be worth. More importantly, we are the precious metals refinery that can turn your discovery into cold, shiny cash.

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