US returns ‘exceedingly rare’ coin worth $1 million to Israel | CNN (2024)

CNN

A coin dating back to a Jewish rebellion against Roman rule almost 2,000 years ago has been returned by the US to Israel following a joint smuggling investigation.

Minted in AD 69, the “exceedingly rare” quarter shekel is estimated to be worth over $1 million, according to the Manhattan District Attorney’s office, which hosted a repatriation ceremony in New York on Monday.

The move comes 20 years after Israeli authorities first learned, via informants, that the silver coin had been discovered by antiquities looters in the Ella Valley, south of Jerusalem. It is believed to be one of a cache of coins found by thieves in the area, which is home to numerous important archeological sites.

Investigators say the item entered the black market before being smuggled to the UK through Jordan. It was then exported to the US using false paperwork. In 2017, Homeland Security officers seized the coin in Denver, Colorado, where it was due to be offered at auction.

“Despite the complexity of this investigation, our team of prosecutors, analysts and agents working with Israeli authorities, were able to track down this antiquity in just a matter of months,” said Manhattan District Attorney Alvin L. Bragg, Jr. in a statement, describing coin as being of “immense cultural value.”

The kingdom of Judaea fell under Roman control in AD 6, though resistance to imperial rule led to a series of revolts known as Jewish-Roman Wars. The coin dates to the fourth year of the First Jewish Revolt, also known as the Great Jewish Revolt, which began in AD 66.

US returns ‘exceedingly rare’ coin worth $1 million to Israel | CNN (2)

The Manhattan District Attorney's office said the coin had been "looted and smuggled through several countries and sold with false provenance to unwitting buyers."

The Romans had allowed certain local coins to be minted and circulated in parts of their empire, including Judaea. The Israel Antiquities Authority (IAA) said rebel leaders struck “Jewish motifs” over imperial coins, thus covering the emperor’s face. An IAA press release described this act as “a declaration of independence by the Jews in the land of Israel, a statement against the mighty empire that stood before them.”

The IAA said it is only aware of one other similar quarter shekel – a coin acquired by the British Museum in the 1930s. It believes there are “about three” others circulating on the black market.

The coin’s repatriation ceremony was attended by several senior Israeli officials, including the country’s ambassador to the United Nations, Gilad Erdan. In a statement, IAA director Eli Eskosido described the item’s return as “the beginning of a very positive and important trend for the restoration of cultural heritage assets.”

US returns ‘exceedingly rare’ coin worth $1 million to Israel | CNN (2024)

FAQs

US returns ‘exceedingly rare’ coin worth $1 million to Israel | CNN? ›

A coin dating back to a Jewish rebellion against Roman rule almost 2,000 years ago has been returned by the US to Israel following a joint smuggling investigation.

What rare coin was found in Jerusalem? ›

An ancient silver coin dating from the First Temple period was recently discovered at a site in the Judean Hills southwest of Jerusalem, along with a stone shekel weight and other items, the Israel Antiquities Authority (IAA) said Wednesday.

What coin was returned to Israel? ›

JERUSALEM (AP) — American authorities have returned a rare, 2,000-year-old Jewish coin to Israel nearly two decades after it was looted, smuggled and put up for auction in the United States, Israel's antiquities authority announced Tuesday.

Is there a coin that's worth $1,000,000? ›

1911 Canadian Silver Dollar

This coin is the epitome of rarity, with only three known to exist. Known as the “Emperor of Canadian Coins,” one of these exceptionally rare coins sold for over a million dollars in 2010.

What is the rarest coin in the world? ›

1849 Double Eagle Gold Coin

The one remaining specimen is carefully preserved at National Numismatic Collections at the Smithsonian Institution. The 1849 Double Eagle is currently the rarest and most valuable coin in the world, with an estimated value of around $20 million.

What coin did Jesus hold? ›

Biblical account

The Greek text uses the word dēnarion, and it is usually thought by scholars that coin was a Roman denarius with the head of Tiberius. It is this coin that is sold and collected as the "tribute penny", and the Gospel story is an important factor in making this coin attractive to collectors.

What coin has Jesus on it? ›

Known as a "histamenon nomisma," this type of small coin was first introduced around A.D. 960. It shows Jesus holding a Bible on one side and the images of Basil II and Constantine VII, two brothers who both ruled the Byzantine Empire, on the other, according to a translated statement.

What was the 2000 year old coin found in Jerusalem? ›

13 (Xinhua) -- A nearly 2,000-year-old coin from the Roman period in ancient Israel was discovered about 15 km west of Jerusalem, the Israel Antiquities Authority (IAA) said Wednesday. The coin was found by two 12-year-old boys who were hiking at the Beit Itab ancient ruins site in the Jerusalem mountains.

What is the name of the coin in Israel? ›

One new sheqel (NIS 1) coin. sheqel, monetary unit of Israel. The sheqel (plural: sheqalim) is divided into 100 agorot. Israel's current monetary system, based on the New Israeli Sheqel (NIS), was established in 1985, when the old sheqel was replaced at a rate of 1,000 old sheqalim to 1 new sheqel (NIS 1).

What are coins from Israel called? ›

The shekel (sheqel in direct transcription) replaced the Israeli pound (Hebrew: לִירָה, lira) in 1980. Its currency symbol was ⟨ ⟩, although it was more commonly notated as ש or IS. It was subdivided into 100 new agorot (אגורות חדשות). It was replaced in 1985 by the new shekel, due to hyperinflation.

What coin is worth over $1,000,000? ›

1943 Bronze Lincoln Penny. Now we're getting into some serious money. The 1943 Bronze Lincoln penny has gone for hundreds of thousands of dollars, but it could go for as much as $1 million in perfect shape, according to Urban Aunty — as long as it's missing a mint mark (and thus from Philadelphia).

What coins are worth $1 million? ›

8 Rare Coins Worth Millions That Are Highly Coveted by Coin...
  • 1794 Flowing Hair Silver Dollar. ...
  • 1933 Saint-Gaudens Double Eagle. ...
  • 1913 5C Liberty Head Nickel. ...
  • 1804 Silver Dollar Original — Class I. ...
  • 1787 $15 Brasher, Breast Punch. ...
  • 723 Umayyad Gold Dinar. ...
  • 1894-S Barber Dime. ...
  • 1849 $20 Liberty Gold Coin.
3 days ago

What is the most sought after $1 coin? ›

Morgan Silver Dollars, minted between 1878 and 1921, are some of the most sought-after dollar coins. With their captivating design featuring Lady Liberty on the obverse and a heraldic eagle on the reverse, they are not just coins but artifacts of American history. The 1893-S Morgan Dollar is particularly prized.

What U.S. coin is illegal to own? ›

Currently, with the exception of the one sold on July 30, 2002, 1933 double eagle coins cannot be the legal possession of any member of the public, as they were never issued and hence remain the property of the United States government.

What is the rarest U.S. gold coin? ›

1870 $3 S Indian Princess Head Gold

One of the rarest and most unique coins in the world, the 1870 S Indian Princess Head Gold $3 piece is truly one of a kind. The San Francisco Mint struck just a single copy, which was supposed to be placed in the cornerstone of the facility's new building that same year.

What are the rarest ancient coins? ›

The Akragas Decadrachm is one of the rarest ancient coins. Fewer than ten are known to have survived from antiquity. It is one of the great coins issued during the 5th century on the island of Sicily. These cities were among the earliest to begin minting silver coins.

What was the coin when Jesus was alive? ›

The bronze lepton (or prutah), the smallest denomination of Judean currency, was in circulation at the time of Jesus, when one widow donated two of them. The earliest of these would have been 100 years old. The coins of Herod the Great were also lepta (prutahs), however.

What is the Temple coin in Jerusalem? ›

Tyrian shekels, tetradrachms, or tetradrachmas were coins of Tyre, which in the Roman Empire took on an unusual role as the medium of payment for the Temple tax in Jerusalem, and subsequently gained notoriety as a likely mode of payment for Judas Iscariot.

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