The French Louis XIV coin from 1670 is the rarest and most valued coin among collectors. The coin was fabricated at the Paris Mint for use in the French colonies in America during King Louis XIV’s reign, but circulation was low, many of these coins were melted down over time. This fact alone is the reason the coin can be auctioned for as much as $132,000.
Why is this coin so valuable?
Here are some of the things that contribute to the value of the French Louis XIV coin from 1670:
- Historical importance: This coin dates back to a highly significant time in the history of France when colonial establishments for the New World were put in place.
- Limited minting: Only around 40,000 of these coins were minted, and to this day, very few remain.
- Condition: Coins that are practically as new as possible, free from wear, are especially sought after by collectors.
- Rarity: Because of their limited number, this coin is a treasure for numismatists.
How to know if you have this rare coin
If you think you might own a French Louis XIV coin from 1670, here are some steps to verify its authenticity and value:
- Check the design: The coin features the profile of King Louis XIV on one side and a cross design on the other.
- Look for the date: The year 1670 should be clearly visible on the coin.
- Evaluate the condition: Coins with less wear and more original details are worth more.
- Consult an expert: Take the coin to a professional numismatist or a reputable auction house like Heritage Auctions or Stack’s Bowers for evaluation.
Where can you sell the French Louis XIV coin?
If you discover that you have one of these rare coins, selling it through the right channels can help you maximize its value. Here are some options:
- Auction houses: Reputable auction houses like Heritage Auctions or Stack’s Bowers specialize in rare coins and can connect you with serious collectors.
- Private collectors: Some collectors are willing to pay a premium for rare coins like this one.
- Numismatic shows: Attend a coin show to meet potential buyers and get appraisals from experts.
- Online platforms: Websites like eBay or specialized coin marketplaces can also be used to sell rare coins, but make sure you have the coin’s authenticity verified beforehand.
Tips for collectors and sellers
What can make coins rare are minting errors or that they were issued in a limited number. If you collect rare coins or are looking to sell your old coins, here are some tips to bear in mind:
- Protect the coin: Handle the coin very carefully and keep it confined in a protective case to avoid damage.
- Get an expert appraisal: Always get rare coins appraised by the experts so that you can understand their real value.
- Research the markets: Examine recent sales of similar coins in order to measure what the coin may be worth today.
- Be patient: Rare coins generally appreciate in value with time, do not run to sell that coin until you really have to.
