If you are interested in coins worth money which coins are ideal for you? The answer may be different for each person and situation. Before you buy any coins there are several things that you will need to consider. The first consideration is your budget. Some coins may be very expensive, while others are somewhat common and can be found for much less. The amount that you have to spend on the coins will help determine which coins you buy.
The reason that you are purchasing the coins is another consideration. If you want coins to invest in the precious metal market then the age or rarity of the coin will probably not factor into your decision as much. If you are looking to fill out a coin collection or you have an emotional attachment for certain coins then this will also be a big consideration. You may have a wheat penny collection and be missing one or two years, or you may choose silver dollars or Indian had pennies.
Choosing the right coins worth money is an individual factor, and the coins chosen may not be the same in two different cases. You will need to look at the number of coins that you are interested in, the types of coins that you want, and your coin budget and goals. All of these will need to be considered so that you can make the best possible decisions in this area.
Make sure to do the research and find out everything possible about valuable coins. This will help you avoid many common mistakes and ensure that you get a good value for your money. Knowing what to look for and what to avoid is very important, and doing the proper research will help you with this.
The right coins worth money in your situation may be all wrong for someone else. This should be a personal decision that is made based on all of the relevant facts and information available. Not researching potential coins before you buy them is a common mistake that could have many harmful consequences. Choose the coins that fit best with your budget and goals.
1. 1796 Half Cent- Rare coins worth money include the 1796 half cent coin. This coin is so rare that it is very rarely encountered, and most pricing guides do not have a value listed. This coin can not be valued without being sold at auction because there are so few of them left in existence. The value of the coin will be based on what the winning auction bid is, and this amount may be very high depending on demand for the coin.
2. 1852 Half Cent- The total number of 1852 half cent coins minted is not known. What collectors do know is that this coin is almost impossible to find and there is no set value because of the rarity. Auction pricing is the only way to set a value on this coin. Collectors are always on the lookout for this half cent coin because it is so unusual and seldom seen.
3. 1793 Chain Type- As far as coins worth money is concerned the 1793 Chain type cent coin is a winner. Today this coin in good condition can bring in around $8,000. The price may be higher or lower depending on the exact condition that the coin and the design are in. In mint condition and never circulated the value of this coin could be even higher.
4. 1793 Liberty Cap- This is another coin from the large cent period, and today this small coin is valued at around $4,500 in normal condition with some wear and damage. These coins are over 200 years old, and with many the design details are barely visible and are faint. There are not many of these coins left and this increases their value for collectors.
5. 1877 Indian Penny- One of the coins worth money is the 1877 Indian penny. Indian pennies are fascinating because of the iconic design, and this one can be worth around $600 in some cases. There are other Indian pennies that are valuable but this one is one of the highest priced and the most popular. There are still some of these coins available today but they are considered rare because they are not commonly found.
Valuing coins is not always easy to do unless you are an experienced coin appraiser with extensive knowledge on this subject. If you have coins and you want an accurate value or you are looking for coins to buy then there are some things you should know and do. The first important factor is the condition of the coin. Often old coins may have significant wear or damage just because of the advanced age.
The lower the condition of the coin is the less valuable it will be most of the time. This is not always the case though. Some very old coins are valuable even in poor condition. A professional coin appraiser can help determine the right value for a specific coin, but this may have a fee that must be paid. Another way to value the coin is to take it to a dealer and see what the dealer offers on price. This will give you a low estimate of the coin value, but remember that the dealer probably quoted you the lowest possible value.
Coins worth money may also be valued by the metal content. Gold coins that contain an ounce of metal may currently have a value of $1,550 to $1,600 based on the weight of the gold in the coin. This is without any historical or numismatic value being calculated. This is why silver coins that are not rare may be valued at $25-$30 currently.
The composition of the coin will determine which precious metals are used. The market price for the precious metals that the coin contains can be used to help you determine just what the coin is worth from a bullion point of view. Many older coins may have a numismatic value that is more than the bullion value, but the reverse is also true at times.
Knowing how to value coins worth money can be the difference between paying or receiving a fair price for the coin and making a big financial mistake. There are coin guides and pricing charts that may help you determine value. An appraiser who is independent is normally the best method to use for most people.
1. Limited Numbers Minted- Rare coins worth money are partly valued so high because these were generally limited in the number of the coins that were minted. If only 2,000 coins were minted in 1844 then the odds are that there are far fewer available today, and there are thousands of collectors who want rare coins. Coins that were minted in much larger number swill normally have a lower value based on this fact.
2. Minting Errors- Many of the most valuable coins are desired because of minting errors. When an error occurs in the minting process it is normally detected fairly quickly. This means that few coins with the error go undetected and are released into circulation. The few that slip through are novelties and this makes them more valuable due to the defects or errors contained.
3. Few Left In Existence- Many coins worth money are valued highly because there are not many of these coins left. During certain periods in US history some coins were melted down and used for other purposes. This means that there may be few of these coins left in existence for collectors, and this will drive up the coin value accordingly. The rules of supply and demand also affect coins, and if the demand is higher than the supply the price will increase to adjust for this factor.
4. Collectors- Collectors are the reason that some coins are valued so highly. Many collectors look for coins that are unusual or rare in some way. When these coins are found collectors may compete against each other to see who gets to buy the coin and add it to a collection. There are some coins that are so rare and prized by collectors that they are sold at auction and there is no estimated value for the coin.
5. Certain Mint Marks- some of the coins worth money are considered valuable because of the mint mark that the coin has, or that the coin is missing. For certain years some mint marks are more valuable than others, and sometimes this is due to the fact that the specific mint did not produce many of that specific coin.
1. Look Through Your Change Jar- Often coins worth money can be found by going through any saved change that you have. Many people tend to toss all of their change into a receptacle and then save these coins for an emergency, or for when additional cash is needed. You may be surprised at what you find, especially if you have a large collection of coins to sort through.
2. Buy Rolls Of Coins- It is possible to buy rolls of coins from the financial institutions, and sometimes stores will also allow you to buy coin rolls. After you have purchased the rolls of coins separate them and closely examine each coin in the roll. Many times banks and stores do not realize that there may be rare or valuable coins in the roll. If you do find a rare or valuable coin this way an added benefit is that you bought the coin for face value.
3. Buy From A Coin Dealer- Many coins worth money can be found by consulting a coin dealer. If the dealer does not have the specific coin that you are looking for it may be possible to order it. This can be the best method if you are looking for a specific coin or you have strict requirements for the coin you want to purchase.
4. Use The Online Classified Ads- The online classifieds will usually have a number of ads for coins, and the coins offered may vary from one day to the next. Use caution when dealing with an unknown seller though because there is no guarantee that you will not end up with a forgery. Have the coin appraised by an independent appraiser before spending a lot of money on a coin using this method.
5. Invest In A Metal Detector- A metal detector can be invaluable in locating coins worth money. This equipment will identify metal that is hidden, and can be used almost anywhere. Everyone loses change, a metal detector can help you find coins that may have been lost for decades or even centuries, and is well worth the initial financial investment that you will make.
1. 1982 Dime Without P Mint Mark- One of the popular coins worth money, this coin is also called a 1982 “No P” dime. The value of the coin can range from $100 up. Until 1980 the Philadelphia mint did not place a mark on dimes, and in 1982 a minting error occurred and the P for the mint mark was accidentally left off a small number of dimes that were minted.
2. 1965 Silver Dime- This is a very popular and very rare coin, and may be worth at least $9,000. Dimes minted from silver were not produced after 1964 officially, and this coin is a mistake that is very valuable to collectors because there are so few of them in existence. There have only been a small number of these discovered but experts believe that there are more out there with unsuspecting individuals.
3. 1955 Double Die Penny- This is one of the more popular coins worth money. This penny has a value that can be anywhere from $300 up to $25,000 or more. The highest values will be for coins that have never been in circulation. When this penny was minted the dies were not properly aligned causing the minting defect on the coin. Circulated coins in good condition can go for $1,000 at times, and there were 24,000 that were released to be circulated.
4. 2001-P Double Struck Quarter- This coin may be worth from $400 up to $3,000, and it is very easy to spot. During the minting process the quarter went through the striking process twice, and the image doubling and unusual design features make this a rare treasure.
5. 1943 Copper Penny- One of the popular coins worth money is this penny. The value of this coin can range from $10,000 up to $100,000 or more. Not bad for a coin that only has a currency value of one cent. So far there have only been 12 of these pennies confirmed, but it is estimated that there could be 40 in existence so there may still be some in a penny jar somewhere.