Collecting rare coins is a passion for many people across the world. It is something that has been in existence throughout history and continues to thrive. While most coin collectors take up this passion as children, some collectors fall into it by inheriting new coin collections from parents or grandparents. No matter where they come from, collecting coins can be a fun and exciting hobby.
Many people collect rare coins based on the potential of a coin’s value to increase. Some collections feature coins that symbolize a particular event and other coins gain notoriety because of an error in the manufacturing process. Price is most often tied to scarcity, but other factors play an important role as well. When taken as a serious hobby, coin collecting can turn into a lifelong journey.
Rare Coins: Rare coins are more expensive than most coins, particularly if they are famous. For instance, the 1933 Saint-Gaudens Double Eagle, with only one original specimen in existence, sold for over $7 million.
Bullion Coins: Bullion coins feature precious metals including gold, platinum, and silver. These coins usually obtain a premium price due to factors like cost of production and the prevailing demand for the coins.
Error Coins: These are coins with glaring or mint mistakes. These coins are in high-demand due to their scarcity.
Antique Coins: These were coins minted during the ancient eras. An example is the Lydian Lion, minted around 600 BC.
Exonumia Coins: Exonumia refers to the collectible coins not issued by a government for currency. They include proof coins, commemorative coins, reproduction coins, thematic coins, bimetallic coins, casino chips, challenge coins, tokens, and medals.
Morgan Silver Dollar: This silver dollar is among the rare coins with high liquidation rates.
$20.00 Gold Double Eagle: This coin is roughly 96 percent troy ounce of gold. Thus the monetary value will vary with the price gold. It is a favorite for royals and industry leaders across the globe. It is also inflation resistant.
Indian Head Gold Coins in MS 62 Condition: The $2.50, $5, and $10 versions of the Indian Head coins are popular among rare coins collectors. There has been a high price jump for all the three coins, earning it a solid collector grade with regards to eye-appeal for the dollar.
Mercury Dimes: Proof sets 1936–1942 are very rare and consequently difficult to acquire. Nonetheless, they are worth it, as they are among the most beautiful coins to be made by the U.S. Mint.
Franklin Half Dollars: There were only 445 million Franklins ever produced. Proof sets 1950–1963 high-grade coins, as well as cameo coins, are worth collecting due to their rarity and quality.
All Other US Silver and Gold Type Coins: Every coin collector needs to have a complete type set. This is mainly to appreciate the whole spectrum of US collectible coins. However, a savvy rare coins collector will collect specific date type coins to ensure liquidity.
Foreign Gold Coins: While these coins are worth as much as gold, they fetch just a little over the cost of gold bullion in the market. Collecting numismatic gold is a good way for a novice to develop his or her expertise in collecting rare coins.
Collectible coins are becoming scarce, as most are rapidly slipping into collections. But at MSNS Coin Shows there is still a wide variety of rare and collectible coins to help new collectors get started and experienced collectors find that one-in-a-million coin. Start the treasure hunt today!