Monthly Archives: June 2014

The Rarest Coin in the United States

Kenneth Goldman, a coin dealer and expert in rare coins, has served as president of Kenneth Goldman, Inc., since 1976. A highly regarded coin dealer and qualified appraiser of rare coins, he has used his expertise to assist both the New York Attorney General’s office and the Federal Trade Commission. Kenneth Goldman has also contributed to A Guidebook of United States coins for nearly four decades.

Coin collecting is a popular hobby practiced by as many as 10 million people in the United States alone. Collectors gather coins for a variety of reasons, and a collection that is valuable to one collector may hold little interest for another. However, there are a number of unique coins that any collector would love to possess. One such coin is the 1804 silver dollar, which many collectors believe to be the rarest, most valuable American coin ever minted. The story behind the coin is interesting, as no silver dollars were minted in 1804. About 15,000 dollars were authorized that year, but still ran with the 1803 print and could not be distinguished from the previous year’s batch.

In 1834, however, a select few 1804 silver dollars were minted in order to complete sets offered as gifts to foreign leaders. Additional coins were illegally minted around 1860. To date, less than 20 coins exist and recent sales for the legendary coin have been in the $2 to $3 Million Dollar range. Mr. Goldman owned one of these coins and is pleased to have his name included among the elite group of numismatists who have ever owned one of the 1804 Silver Dollars.

Mr. Goldman can be reached for consultation in buying, selling and trading rare coins at Kenneth Goldman Inc., P. O. Box 920404, Needham, MA. 02492.
E-Mail: KenGoldman@aol.com
PHONE 781-449-0058

We look forward to hearing from you !!

Old Coin Collections Often Require New Appraisals

Numismatist Kenneth Goldman operates his rare coins dealership, Kenneth Goldman Inc. in Needham, Massachusetts. Attracted to coin collecting at an early age, he developed a high degree of proficiency in assessing and acquiring valuable coins and opened his coin business in 1971. He has served as a designated Qualified Appraiser for the Federal Trade Commission and the New York Attorney General’s office. Kenneth Goldman has been instrumental in fighting fraudulent dealers who sell coins for sums far beyond their true value, and he has also helped many people accurately value their collections.

Throughout his long career as a coin dealer, Kenneth Goldman has learned that many people become involved in collecting coins at some point in their lives and then abandon the hobby when some other activity, interest, or circumstances intervene. Sometimes these collections wind up in a bank vault or a home safe, and their owners have no real concept of how the coins may have appreciated in value in the years or decades since they were acquired. They may remember what they paid long ago, a fact that has no bearing on a coin’s current value. A coin purchased for $100 in 1975 might bring $125 today, while another coin purchased at the same time, for the same price, might now be worth several thousand dollars. An expert appraisal by a qualified professional provides a reliable valuation. Mr. Goldman recently appraised a small group of U. S. Gold coins that had been forgotten about for many years. The owner was astounded to find out that this small box of coins was now worth over $10,000.00!!

The market for rare coins is dynamic, with values sometimes changing dramatically in just a matter of days, especially in the auction market. Because Goldman attends all the major coin conventions and auctions held in the U.S. every year and maintains an extensive network of professional associates in the field, he has a comprehensive understanding of numismatics and the market forces involved. Not only does this enhance his reliability as an appraiser, it also contributes to his ability to find the best deals for those of his clients who are selling their collections or individual items.

Kenneth Goldman can be contacted at P.O. Box 920404, Needham, MA 02492. His phone number is 781-449-0058, and his email address is KenGoldman@aol.com.