Tips to Look for Rare Investment Coins
Investments made on rare coins are primarily done with the expectation that its collector value will increase. Rare coins are valuable and precious, but the big question is, what are rare coins? Rare coins are used to define coins that are hardly seen and found. There are no more than 75 specific types of coins. However, coins that have a somewhat larger availability can also be categorized as rare coins. Since it’s overwhelming and exhaustive to find rare coins, an intelligent coin collector will make sure he does his groundwork to look for the best rare and old coins.
Here are a few important tips that you can follow to expand your coin collection in volume and value:
As a coin collector, expect to come across a wide range of coins to invest in. Since it can be a bit perplexing to decide which ones to go for, it is best to seek assistance from numismatic books that offer general coin reference and pricing & grading guides. One of the most reliable and credible sources to follow is R. S Yeoman’s Handbook of U.S Coins (The Official Blue Book). This book is published on a yearly basis and gives away latest retail values for specific kinds of coins alongside investments to look for. For a genuine coin collector, obtaining knowledge is similar to investing in coins. Without the right knowledge, you are bound to fail. The more you know about various coins, the brighter are your chances of making the right investment.
Definite Coins to Look For
The truth of the matter is, some coins are clearly more valuable than others. As a coin collecting enthusiast, you must be well aware of these types of coins and must make an effort to get your hands on them. Stated below are some of the most valuable and rare coins to collect:
- Liberty Head V Nickel (1913),
- S Morgan Silver Dollar (1893),
- Morgan Silver Dollar (1901),
- CC Morgan Silver Dollar (1889),
- O Morgan Silver Dollar (1895).
Features To Look For In Investment Coins
When buying coins, it is important to assess or evaluate them on various criteria. From its condition to metal content and appearance, all these things contribute to the current and future value of the coin. Some key determinants are stated below:
- Condition of the coin: The condition of the coin says a lot about its value. This key determinant can increase or decrease a coin’s value over time. It is best to conduct some research before adding a coin to your coin collection.
- Check the metal content: Coins that have a high content of precious metals such as silver, gold and copper tend to have greater values than the coins being created today. In fact, this metal content raises the value of the coin as the value of the metal increases.
- Scarcity of coins: The value of coins is also dependent upon the number of such coins that exist. As stated before, rare and old coins are those that are fewer in number; 75 or less.
- Where were the coins minted: It is advised to conduct a research and find out where and when the specific coins were developed! Coins that are older and were minted in certain U.S mints possess greater value.
At Coin and Stamp Supply Central, we provide all kinds of coin collecting supplies and stamp collecting supplies to people that are obsessed with this hobby. We also offer money counters and numismatic books under one roof so that our clients don’t wander across multiple locations to sate their coin and stamp collecting needs.