There were 17,796 of these $5 coins minted in 1822, yet only three are known to exist today. (Most were melted down after the reduction of gold content in coins in 1834.) There is nothing particularly special about this coin. There are no errors. It was not a commemorative coin. It was struck as regular currency.

Its rarity makes it valuable. Unlike other desirable coins needed to complete a series collection (one coin representing each year of a design), the Mint did not produce restrikes of this coin. Two reside at the Smithsonian. This one, known as the Eliasberg specimen, is said to be the finest of the three.

Experts believe today’s value is in the millions and would likely break all sale records. The $687,500 sale took place in 1982.