Perhaps you collect coins that have a design or theme that you enjoy. Maybe you search for coins from a specific year that is meaningful to you, such as the birth year of a family member.
You can never go wrong in coin collecting if you look for coins that appeal to you on a personal level. Many collectors simply love the hobby, and aren't in it to make big profits. Yet collecting coins and holding them for several years is often a viable investment strategy. This may be due to the melt value of the coins rising over time if they are made of silver or gold. Coins can also appreciate in value due to their popularity or because of a limited mintage scarcity.
As a general rule of thumb, it's advisable to collect the highest-grade coins i. These are the coins that tend to have the highest profit potential. You will usually have to consult a numismatist or numismatic expert to ascertain the rarity of a coin.
The numismatist will be able to identify what type of coin you have, and determine whether it is a rare coin or commonplace. You will have to correctly identify what coin you have to figure out its value. Once you know what the coin is, there are many price guides you can reference to get a general idea of how much the coin is worth. Here are some of the most reliable price guides used by collectors:.
The information on this page does not constitute an offer to buy or sell the coin s referred to. Prices mentioned are for illustrative purposes only.
Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage.
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Silver Certificate And Paper Money. View Charts. Jump To Section:. A coin collection. Don't be the last to know about the latest deals and new product arrivals. Join us today for FREE! Sign in or register. Buy Gold. Australian Gold Coins. Buy Now. Buy Silver. Silver Bars 10 Oz Silver Bars. Silver Dollars. Other Metals. Silver Certificate And Paper Money. However, the pandemic has spurred fresh demand for tangible assets like rare coins, which are garnering attention all their own.
Rightfully so, as they are regarded as a commodity-like investment where sentimental value may exist, but are also a tangible that can produce attractive financial returns. This as outlined by FinancialPoise. NGC , in a September report. Of course, the sustained and even escalation in demand for United States rare coin investments is no surprise, as they are historical artifacts that have survived the test of time.
Collectors become captivated by why and how they were made, the intrinsic beauty of each and the history and lineage behind—and oft unique to—every piece. The thrill of the hunt to locate these treasures often morphs into healthy obsession, as this emotional driver fuels a great passion among those who dedicate a part of their life to owning these precious historical artifacts.
A few prominent collectors from the past few hundred years are known or said to include heads of state such as John Quincy Adams and King Farouk of Egypt; financiers Louis Eliasberg and Harry W.
Bass Jr. Jerry Buss and Larry H. Below, rare coin investing authority Michael Contursi offers the top five benefit considerations to help wealth-minded individuals decide if this asset class is an apt fit amid—or to commence—their alternative investment holdings.
Owning U. It is as simple as basic supply and demand. These scarce assets have a finite known supply as the United States Mint has kept population records for every coin produced since the birth of the nation. Heritage Auction Galleries. In , the United States changed the design of the one-cent coin from the Indian Head to a design that commemorates the th anniversary of President Abraham Lincoln's birth.
The coin was an instant success with the public. However, Victor David Brenner placed his three initials on the reverse of the penny near the bottom. Previous designers only use their last initial, and mint designer Charles Barber took exception to this new trend. After the United States Mint facility at San Francisco produced , new Lincoln pennies, the initials on the reverse were removed.
This change in the design created an instant scarcity. Many coin collectors begin their coin-collecting journey by collecting Lincoln pennies. This rare coin is usually the last coin Lincoln penny collectors will add to their collection. Over the years, this coin has maintained its value and prestige among collectors of United States coins. Optimal Collecting Grade: EF Optimal Investment Grade: MS Anthony DeFrancisci designed the Peace silver dollar , and it was first produced in December The United States Mint also produced a substantial mintage of dated Morgan silver dollars.
The idea to commemorate the peace that followed the "Great War" was first proposed by Farran Zerbe, former President of the American Numismatic Association from to The idea caught on, and DeFrancisci produced a beautiful design emblematic of liberty on the obverse and peace symbolized by an American Eagle on the reverse. The first Peace silver dollar coins minted in had a high relief but were too difficult to strike properly. The recesses of the dies were so deep that the metal could not flow into these deep recesses completely and caused a lack of detail on the coins.
The mint did not begin striking these coins until December 26, This late start gave an extremely limited time for the United States Mint to produce these new dollars. Slightly more than one million coins were struck, and the public snapped them up rapidly. Although this coin can be considered scarce, a beginning collector can acquire a circulated example at a modest cost.
Optimal Collecting Grade: MS Engraver George T. Morgan initially created this design to be used on a half dollar. It was eventually modified and adapted for the silver dollar beginning in The United States Mint was consumed entirely by producing silver dollars to fulfill the requirements of the Bland-Allison Act.
Although the CC Morgan silver dollar is not a key date nor scarce with approximately two million pieces minted in the Carson City, the Nevada branch mint facility, owning one of the early coins produced at the Carson City mint added character to any coin collection. Circulated pieces are moderately priced within the budget a beginning collector.
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