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How much is McCarthy's quint worth? Let’s have a look at some of the most impressive old coins from around the world: ‘The Lydian Lion’ coin ‘The Lydian Lion’ coin is believed to be by many experts the world’s oldest coin. First minted in 1794, the Flowing Hair dollar was the first dollar coin issued by the United States federal government.… The museum found that the coin appears to have been minted in western Anatolia in the second half of the seventh century B.C.E., making it more than 2,750 years old. The penny was right beside one of those nails, which was masking it — and Houston’s metal detector was giving him the tone for iron. As of now our database consists almost entirely of coins from 1880s-2021, as we wanted to focus mostly on coins that were readily accessible and possibly still in circulation. More by Troy R. Bennett. Sorry, your blog cannot share posts by email. The one McCarthy bought was found about 15 years later and was therefore designated "quint Type 2.". Heritage Auction Galleries. While excavating a Native American settlement in Maine in 1957, archaeologists found something amazing. Ionian Hemiobols. If McCarthy's evidence is solid, the coin he has was mentioned in the diary of Robert Morris, a Philadelphia merchant who financed the American Revolution and signed the Declaration of Independence. I found a 98 close am .Circulated Hmy Happy Hunting. Re: Possibly the Oldest Coins Ever Found In North America With a Metal Detector Isn't it amazing what turns up in unexpected places. In 2013, David McCarthy spotted a rare coin in an auction catalog and immediately had a hunch it was the first coin minted by the fledgling United States of America … The evidence all pointed to him having uncovered the nation's first coin," the news agency says. Roman coins were found in Texas at the bottom of an Indian mound in Round Rock. Updated 5:27 PM ET, Wed November 18, 2020 . In 1957 near Phenix City, Alabama, a small boy found a coin in a field from Syracuse on the island of Sicily, and dating from 490 B.C. The stater is a key exhibit in the Department of Coins and Medals of the British Museum, which houses one of the world's finest numismatic collections, comprising about 1 million objects. By David Williams, CNN. He methodically convinced his boss, Donald Kagin, that the coin up for auction was the nation's first. A 2,221-year-old silver coin dug up as part of a hoard is the oldest piece of Roman money ever found in Britain. Then, as he was reviewing the receipts for the steel dies used to make the coins, he found evidence that "two of the dies had been recycled and refined after the first coin was struck," the AP writes. When looking for valuables, most hunters set their devices to ignore iron but Houston leaves his switched on because he enjoys finding hand-forged nails. He wants to return to the same location and search some more next year. Above her is “liberty” and below is the year. It’s larger than a contemporary penny, more akin in size to a modern half-dollar coin. 1 cent or $0.01), 5¢, 10¢, 25¢, 50¢, and $1.00. Attached is a picture of a Parthian coin from 120 - 80 BC. It's not just the coin itself, but the story that goes with it that makes it valuable, Garrett says. A Roman sword, a legionnaire's whistle, Gold Carthage coins, part of a Roman shield and a Roman head sculpture were found on an island in Canada. The mound is dated at approximately 800 AD. 1974 Aluminum Penny. In an April 2, 1783, entry in his diary, Morris writes of "a Piece of Silver Coin being the first that has been struck as an American Coin. These old coins included a series of "tokens" (privately issued coins that circulated in public commerce) struck by silversmith John Chalmers of Maryland in 1783. The AP quotes the ANA's Garrett as saying the closest comparison might be a 1794 U.S. silver dollar that sold for $10 million four years ago. “I’d never been to Maine before and I absolutely fell in love with it,” he said, “the scenic views, the people and the beer — and the history. The penny is not in pristine condition. Authorized by Congress, the coin had a value of 500 units in a proposed but later abandoned early American decimal monetary system that would have ranged from 5 to 1,000 units. It sat on a shelf at a museum for 10 years before anyone realized the importance of their find. "He compared the beadings on the edges of the different coins, as well as a dent in the eye at the center of the [inscribed] "500" coin and its plain cousin. hide caption. It was never adopted. This coin is exceedingly rare. Coin Week writes: "It is believed that these two Quints are survivors of that [Morris system] project, as are five or six pieces of other denominations.". Like a good fisherman, Houston is cagey about just where he found the penny. Above it reads “one cent” and below is the fraction “1/100.”. Authorized by Congress, the coin had a value of 500 units in a proposed but later abandoned early American decimal monetary system that would have ranged from 5 to 1,000 units. “It gets me out of the house, it’s great exercise and I just really love finding these old relics that people have lost or thrown away,” Houston said. Just think about how many coins are lost from circulation over the years because people have dropped them down the drain or lost them down the back of the sofa. As Houston dug it up from under a few inches of dirt, he immediately saw the 1798 mark on it and knew it was something special. This image provided by PCGS.com/Professional Coin Grading Service shows the front (left) and back of a 1783 plain obverse Nova Constellatio "quint" silver coin. The Maine Penny was discovered on 18 of August 1957 by an amateur archaeologist by the name of Guy Mellgren. McCarthy, an experienced numismatist (coin collector) bought the silver coin for $1.18 million. ", A week later, he was visited by Alexander Hamilton – who was to become the first Treasury secretary of the United States six years later and who presumably examined the coin himself. A fuller set of coins was minted on April 22 and forwarded to Thomas Jefferson so a third Founding Father could weigh in on the design. He searched through the National Archives, but got conflicting answers. He spent the next four years digging up evidence to prove that he had indeed purchased the fabled first "500" quint. That’s probably the oldest coin ever found in North America. In 1957, in a field near Phoenix City, Alabama, a little boy reportedly found a coin from the Greek city of Syracuse in Sicily dated to c. 490 BC. The copper penny, dated 1798, comes from the first decade of American-minted money in North America. When you consider that this coin has been around for more than 670 years, it is a wonder that any have survived. Not the first run of coins, mind you, but the very first one. Chinese coins have been found in the United Kingdom before. “I found all kinds of interesting stuff while I was up there,” said Shane Houston, from his home in Charlotte, North Carolina. AP Several private issues of copper tokens as well as experimental coins for the Confederation were also … He thinks other metal-detecting folks who were there before would have missed it. "The day of the 2013 auction in Schaumburg, Illinois, McCarthy sat in his hotel room with his files and air conditioning cranked on high. New homeowners found coins worth $25,000 in a drawer -- and then gave them back. Coins: Roman coins have been found in Venezuela and Maine. Houston later removed layers of green corrosion from the penny with special cleaning pencils, revealing its full design. I found it on a beach about 12 miles east of Portland Oregon. Coins of the United States dollar (aside from those of the earlier Continental currency) were first minted in 1792. Oldest Roman Coin: The silver denarius Roman Republic coin dating from 211BC was found during an excavation in 2000 at Hallaton, Leics. And there's no question that if McCarthy is right, his quint has a fascinating story to tell. Thereafter, Morris writes, the two corresponded on the "subject of the Coin.". The Secret Service confiscated the early specimens until the U.S. Mint admitted they were genuine. It is the age of this coin that makes it as valuable as it is and is why someone was willing to pay $6.8 million for one at auction. 2 of the 3 coins were discovered in the River Tyne in 1857 and the third coin was found in the South of England by a metal detecting enthusiast in 2006. But the initial explanation was that mints tended to add inscriptions to the steel dies used to make coins after having engraved the images.". The “heads” side shows the draped bust of Lady Liberty in profile. Claudius II, from 268 A.D. Post was not sent - check your email addresses! The “tails” side of the 100-percent copper penny shows two olive branches tied with a bow. The mound is dated at approximately 800 AD. The United States Mint in Philadelphia created this extremely rare coin in 1849 during the start of the California gold… EMBDEN, Maine — Earlier this month, a man with a metal detector found a long-hidden, 222-year-old coin under a few inches of soil outside a church. In the town of Heavener, Oklahoma, another out-of-place coin was found in 1976. Buried in the dirt was a small coin of unknown origins. A similar coin, with a Latin inscription that translates "New Constellation," was found in 1860. 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