Have you ever wondered about the potential worth of a challenge coin in your possession? Are you considering adding these unique tokens to your collection? While challenge coins may seem like a recent phenomenon, their history is rich and diverse. Although not legal tender, acquiring valuable challenge coins can significantly enhance the depth and variety of any collection.
The value of a challenge coin is influenced by several factors, including its rarity, condition, and historical significance. With the vast array of challenge coins available, identifying those worth collecting can be a daunting task. This guide aims to simplify that process, helping you quickly recognize the most valuable challenge coins on the market today.
The Fascinating History of Challenge Coins
The origins of challenge coins are steeped in oral tradition and folklore, with several compelling stories about their inception:
- Ancient Roman Origins: One historical account suggests that challenge coins date back to the Roman Empire. Soldiers were awarded special coins in addition to their regular pay as recognition for exceptional achievements.
- Renaissance Commemoratives: During the Renaissance period, challenge coins reportedly served as commemorative items for VIPs and royalty, exchanged as gifts or souvenirs to mark significant events or meetings.
- Huguenot Identification: In 17th century France, during the tumultuous religious wars, Huguenot Protestants allegedly used challenge coins as a covert means of identifying fellow believers, helping them avoid persecution by state authorities.
- World War Identification: Challenge coins gained prominence in the United States during World Wars I and II. A famous legend tells of an American soldier who escaped German capture and used his challenge coin to prove his identity to French allies, thus avoiding execution.
- Modern Military Tradition: The use of challenge coins as rewards and identification tokens continued through the Korean and Vietnam Wars. Today, they’re issued by various entities including presidents, organizations, law enforcement departments, and different military branches.
The rarity of a challenge coin significantly impacts its value, with those produced in limited quantities often commanding the highest prices. However, coins with historical significance can also be highly prized. For example, presidential coins created for specific events or those signed by or commemorating notable political figures can fetch substantial premiums.
Military challenge coins hold a special place in many collectors’ hearts, reflecting the nation’s deep respect for the men and women who serve to protect our sovereignty and national security.
As we delve into the world of challenge coins, we’ll explore some of the most valuable challenge coins in the collecting community. Whether you’re a seasoned collector or just beginning your journey, understanding the factors that contribute to a challenge coin’s value can help you make informed decisions and potentially uncover hidden treasures.
What are Challenge Coins Used for?
Challenge coins are primarily used to foster unit pride and camaraderie within military units and other organizations. They serve as tangible symbols of membership, helping to strengthen bonds and promote a sense of belonging among members.
Additionally, challenge coins are often awarded to recognize and honor individual or team achievements. They can be given for outstanding performance, bravery, or significant contributions, serving as a form of recognition and appreciation.
Challenge coins also play a role in building connections and networking. Members of different units or organizations may exchange coins as a sign of respect and solidarity, helping to establish and maintain professional relationships.
Lastly, challenge coins can be used in informal challenges and traditions. For example, in the military, a coin check can be initiated, where members must produce their coin upon request, fostering a sense of readiness and shared experience.
Most Valuable Challenge Coins Worth Money
Challenge coins can vary greatly in value based on factors like rarity, historical significance, and the prestige associated with them. Here are 14 of the most valuable challenge coins, which are often highly sought after by collectors:
1. Career Commendation Medal From The CIA
Intelligence agency-related coins are among the most coveted and valuable, likely due to the air of mystery surrounding these organizations. The CIA Career Commendation Medal is a prime example of a rare and sought-after challenge coin.
This impressive bronze token, awarded for exemplary service, measures 3 inches in diameter and ¼ inch thick. The obverse features a bold eagle centered within the phrases “CENTRAL INTELLIGENCE AGENCY” and “CAREER COMMENDATION MEDAL”. The reverse displays a delicate laurel wreath encircling the country’s name, with “AWARDED TO” and a space for the recipient’s name at the center.
A specimen of this coin was recently listed in an online auction with an asking price of $2,500, underscoring its significant value to collectors.
2. United States Black Squadron Naval Special Warfare Development Group
This coin, issued by the highly secretive Naval Special Warfare Development Group (DEVGRU), recognizes heroic acts. Its mysterious origins add to its allure among collectors.
The coin features a dark background with a Roman centurion helmet and the inscription “PRESENTED BY TASK FORCE COMMANDER”. The reverse displays a shield and sword, underlaid by the SEAL Team 6 motto “THE DEED IS ALL…NOT THE GLORY”.
In September 2021, this coin sold for an impressive $3,250 on eBay.
3. Black Squadron Naval Special Warfare DEVGRU SEAL Team 6 Navy Challenge Coin 1.7
Another DEVGRU challenge coin, this piece showcases intricate details. The obverse depicts an American eagle swooping downward, clutching a pistol, anchor, and trident. The number 1 appears in the background, with “NSW TACTICAL DEVELOPMENT AND EVALUATION SQUADRON ONE” inscribed at the top.
The reverse features a stallion’s head above a crossed rake and spear. Issued in July 2023, this coin has commanded an asking price of $2,750.
4. Area 51 U.S. Air Force Challenge Coin
Area 51, a secretive military installation in Nevada, has long been the subject of conspiracy theories involving aliens and UFOs. This mystique extends to challenge coins associated with the base.
One such coin features the phrase “There is a bad moon on the rise” on one side. The reverse displays two Latin phrases: “Fortitudo et preparation” (Strength and preparation) and “Facta non verba” (Deeds not words). The coin also includes a dramatic illustration of three dragons over an inverted triangle and four-pointed star.
Believed to have been issued by the Air Force for outstanding achievement, this coin sold for $1,750.
5. CBRN And WMD Terrorism Groups CIA Token
This CIA-issued coin recognizes the work of United Nations chemical, biological, radiological, nuclear, and weapons of mass destruction counter-terrorism groups in supporting the CIA’s mission.
The obverse features the Latin phrase “Mortifirae obstemus scientiae” (Let’s resist the deadly science). The reverse displays the CIA’s shield and eagle logo.
In 2022, a well-preserved example of this coin sold for $1,200.
6. 17th Infantry Regiment “Buffalo Bill” Coin
The 17th Infantry Regiment challenge coin is one of the most historically significant and valuable in the collecting community. Its origin dates back to the Korean War when William “Buffalo Bill” Quinn, the regiment’s commander, commissioned the creation of a unique coin to identify members of his unit. The nickname “Buffalo Bill” was used by team members in radio communications to refer to Quinn, adding a personal touch to the coin’s symbolism.
The obverse of this challenge token prominently features a buffalo and the year 1812, commemorating the first time the 17th Infantry Regiment saw action in a war. The reverse side displays the dates 1950-1952 at the top, representing the regiment’s service period during the Korean War. Below this, you’ll find the unit crest logo and the emblem “17th INF”, with “KOREA” inscribed at the bottom.
This coin’s historical significance and limited availability have made it highly sought after by collectors. While exact values can vary based on condition and provenance, examples of this coin have been known to sell for several thousand dollars.
7. Naval Air Warfare Mickey Mouse Coin
In a delightful departure from the typically serious themes of military challenge coins, the Naval Air Warfare Center issued a whimsical Mickey Mouse challenge coin in 2018. This unique piece stands out for its lighthearted design, celebrating the iconic Disney character and encouraging Naval Air Force members to visit Walt Disney World.
The coin, issued by the Naval Air Force Base in Orlando, Florida, represents a rare intersection of military tradition and popular culture. Its unexpected design has made it a coveted item among both military coin collectors and Disney enthusiasts.
The value of this challenge coin has been bolstered by its uniqueness and limited availability. As of 2024, examples of this coin have been valued at approximately $1,126, though prices may fluctuate based on condition and market demand.
This coin serves as a reminder that even in serious institutions like the military, there’s room for joy and levity. It also highlights how challenge coins can serve purposes beyond recognition of service, such as boosting morale and encouraging recreational activities.
8. Trample The Weak Challenge Coin
In stark contrast to the playful Mickey Mouse coin, the 173rd Airborne Brigade issued one of the most aggressive and provocative challenge coins in recent memory. Shaped like a human skull, this coin symbolizes the dangerous nature of Army and Marine Corps operations.
The coin’s design features the stark phrase “Trample the weak, Hurdle the dead” inscribed around the top of the skull. This powerful message reflects the intense mindset often required in high-risk military operations.
For collectors with a particular interest in Army or Marine Corps memorabilia, this coin represents a powerful addition to their collection. Its bold design and message make it stand out even among other military challenge coins.
The last recorded sale of this coin at auction was in 2018, where it fetched $1,050. Given the increasing interest in military challenge coins and the unique nature of this piece, its value may have appreciated since then.
It’s worth noting that while this coin’s message might be controversial to some, it represents a raw and unfiltered perspective on the realities faced by some military personnel. For collectors, it offers a tangible connection to the intense psychological aspects of military service.
These two coins – the Mickey Mouse Naval Air Warfare coin and the “Trample The Weak” Airborne Brigade coin – represent opposite ends of the spectrum in terms of challenge coin design and messaging. Their significant values demonstrate how diverse factors can contribute to a challenge coin’s worth, from whimsical uniqueness to stark symbolism.
As with all collectibles, potential buyers should verify the authenticity of these coins before making a purchase. The challenge coin market can be complex, and counterfeits do exist, particularly for high-value or rare pieces.
9. Medal Of Honor Military Challenge Coin
Medal of Honor coins hold a special place in military tradition, with various designs issued over the years. These coins are awarded to Army members who have performed exceptional acts of heroism.
While Medal of Honor coins are relatively common, their value can still be significant. Authenticity is crucial, as counterfeits are unfortunately prevalent in the market. One particularly valuable example sold on eBay for $2,030 in 2019.
Collectors should be aware that the value of these coins can vary greatly depending on factors such as the specific design, the era it was issued, and the story behind the recipient’s heroic actions.
10. Checkpoint Charlie Berlin Challenge Coin
This coin commemorates one of the most iconic locations of the Cold War era – Checkpoint Charlie, the famous crossing point between East and West Berlin. Sgt. Michael Rafferty, who served as the non-commissioned officer in charge of Checkpoint Charlie, witnessed historic events including Germans attempting to break down the Berlin Wall.
Only one known example of this coin exists, making it extremely rare. It sold for $2,750 at an online auction. The challenge coin’s value was enhanced by its accompanying signed photograph of Rafferty at the checkpoint and a related newspaper article.
This challenge coin’s high value stems from its uniqueness and its connection to a pivotal moment in 20th-century history.
11. POTUS Commendation Challenge Coin
Presidential challenge coins, issued to recognize extraordinary achievements by members of the public, are highly prized by collectors due to their prestigious nature.
In 2010, a POTUS commendation challenge coin was listed for auction with an asking price of $19,999. The seller claimed to have received the coin after a special meeting with President George W. Bush in 2006, along with a personal commendation.
While the asking price was exceptionally high, it demonstrates the potential value placed on presidential challenge coins, especially when accompanied by a compelling personal story.
12. Donald Trump Meets Kim Jong Un Challenge Coin
Commemorating the historic 2018 Singapore Summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, this challenge coin sparked considerable interest and controversy.
Despite (or perhaps because of) the controversial nature of the summit, one of these coins sold on eBay for an impressive $1,199. This demonstrates how challenge coins connected to significant geopolitical events can command high prices, regardless of the event’s perceived success or failure.
13. Jocko And Seal Team 3’S Battle Of Ramadi
This coin commemorates SEAL Team 3’s involvement in the Battle of Ramadi during the Iraq War, one of the conflict’s bloodiest engagements. It specifically honors Navy SEAL Michael Monsoor, who posthumously received the Medal of Honor for sacrificing his life to save his teammates.
The coin, which celebrates the team led by commander John “Jocko” Willink, has sold on eBay for $3,750. Its high value stems from its connection to a significant battle and its association with a decorated war hero.
14. Special Forces Operational Detachment Coin (Delta Force)
The Delta Force, officially known as the 1st Special Forces Operational Detachment-Delta (1st SFOD-D), is an elite and highly secretive unit tasked with critical national security operations. As part of their internal culture, the Delta Force awards challenge coins to its members to celebrate achievements and serve as a means of identification within the organization.
Given the exclusive and covert nature of Delta Force, very few of these challenge coins are in circulation, making them extremely rare and valuable to collectors.
The obverse of these coins typically features a sword and a lightning triangle, along with the Delta Force logo. The reverse design may vary slightly depending on the recipient’s title or specific achievement being recognized. Common phrases found on these coins include “America’s Finest” and “Oppressors Beware”, reflecting the unit’s elite status and mission.
Due to their rarity and the mystique surrounding Delta Force, these challenge coins are highly prized by collectors. Examples have been known to sell for between $1,000 and $3,120, with some exceptional specimens fetching up to $4,000 or more.
The value of these coins is not just monetary; they represent a tangible connection to one of the most elite and secretive military units in the world. For collectors, owning a Delta Force challenge coin is akin to possessing a piece of hidden history.
It’s worth noting that due to the secretive nature of Delta Force, authenticating these coins can be challenging. Potential buyers should exercise caution and thoroughly research any Delta Force challenge coin before making a purchase, as counterfeits do exist in the market.
FAQs on Challenge Coins
What Is The Oldest Challenge Coin?
While it is challenging to pinpoint a single “oldest” U.S. challenge coin due to the various designs and units involved, the 6th Service Command coin from 1917 is often recognized as one of the oldest challenge coins.
What is the Rarest Challenge Coin?
Presidential challenge coins and Medal of Honor challenge coins are often cited as some of the rarest due to their limited distribution and the prestige associated with them.
What is the Most Valuable Challenge Coin?
Presidential challenge coins and Medal of Honor challenge coins are often considered the most valuable due to their rarity, prestige, and the significance associated with them. However, coins from elite units like Seal Team Six or those flown on space missions can also be exceptionally valuable.
Final Thoughts
Collecting challenge coins can indeed be a highly rewarding pursuit, both financially and as an engaging hobby. As we’ve seen through these examples, the world of challenge coins is diverse and fascinating, with each piece often telling a unique story of service, achievement, or historical significance.
For those interested in starting or expanding a challenge coin collection, it’s advisable to research thoroughly, connect with experienced collectors, and perhaps focus on areas of personal interest or significance. Whether you’re drawn to the historical aspects, the artistry of the designs, or the potential for financial gain, challenge coin collecting offers a unique and rewarding experience.
Remember, the value of a challenge coin isn’t always just in its monetary worth – often, it’s in the stories it tells and the history it represents.