6 Highly Controversial Coins and the Intriguing Stories Behind Them

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Coins are more than just currency; they hold stories, secrets, and sometimes even scandals. Throughout history, some coins have caused controversy, sparked legal battles, and left collectors in awe.

These rare and mysterious coins remain highly sought after, with some fetching millions at auctions. Let’s look into six of the most controversial coins in U.S. history.

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1933 Double Eagle Gold Coin

One of the most famous and valuable coins in the world, the 1933 Double Eagle, was never supposed to be in private hands. In 1933, the U.S. government banned gold coins for circulation and ordered all Double Eagles to be melted down. However, a few managed to escape.

  • The U.S. government considers these coins illegal to own.
  • In 2002, one sold at auction for $7.6 million.
  • In 2021, another piece set a record by selling for $18.9 million.

1974 Aluminum Penny

During the early 1970s, the U.S. Mint experimented with aluminum pennies to combat rising copper costs. The plan was eventually scrapped, and all aluminum pennies were supposed to be returned. However, a few pieces went missing.

  • Only a few aluminum pennies exist outside government hands.
  • Owning one is considered illegal.
  • If sold, it could fetch millions due to its rarity.

1913 Liberty Head Nickel

This mysterious nickel is one of the rarest and most valuable U.S. coins. The Liberty Head design was never supposed to be minted in 1913, yet five coins surfaced under suspicious circumstances.

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  • Only five are known to exist.
  • One sold for $4.5 million at auction.
  • No official records confirm how these coins were produced.

2000 Sacagawea Cheerios Dollar

In a promotional campaign, the U.S. Mint placed special Sacagawea dollars inside Cheerios cereal boxes. However, some of these coins were struck with a different eagle feather design, making them unique.

  • These Cheerios dollars have distinct feather details.
  • They are worth thousands of dollars to collectors.
  • The exact number of these special coins is unknown.

1959-D Wheat Penny Error Coin

The 1959-D Wheat Penny is a mystery because it features the wheat penny design, which was officially discontinued in 1958. Experts debate whether it was an accident, a fraud, or an unauthorized minting.

  • Only one has ever been found.
  • Some believe it was a deliberate mistake.
  • Its origins remain unknown, making it a true numismatic mystery.

1964-D Peace Dollar

The Peace Dollar was set to return in 1964, and the Denver Mint even struck coins. However, before they could be released, the government ordered all of them to be melted down. Despite this, rumors persist that some survived.

  • No officially recognized 1964-D Peace Dollars exist today.
  • Some collectors believe a few escaped the melting process.
  • If one were ever found, it would be priceless.

Coins aren’t just pieces of metal—they hold history, mystery, and immense value. These controversial coins continue to intrigue collectors, with some still searching for lost or hidden pieces. Whether they’re locked away in private collections or yet to be discovered, their stories live on.

FAQs

Why is the 1933 Double Eagle illegal?

The U.S. government banned its ownership due to gold restrictions.

How much is the 1913 Liberty Nickel worth?

One sold for $4.5 million, making it extremely valuable.

What makes the Cheerios Dollar special?

It has a unique eagle feather design different from regular coins.

Did any 1964-D Peace Dollars survive?

Officially, all were melted, but rumors suggest some escaped.

Can I own a 1974 Aluminum Penny?

No, they are considered illegal to possess by the U.S. government.

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