Why Are Coins Valuable?
Many coins are mementos from personal experiences, but several coins also have financial and historical value. Some coins such as those created by the United States Mint or Royal Canadian Mint are produced to be collectible coins. Common collectible coins produced by government mints include burnished coins, proof coins, commemorative coins, and special edition coins and sets. Other coins are valuable because they’re a variety coin or are the result of a minting error, which makes them quite uncommon. As coin value increases over time, they can be a worthwhile investment.
According to senior numismatic Timothy O’Fallon at Gibraltar Coins, interest in rare coin collecting has grown a noticeable deal in the past five years and will continue to accelerate. As more people turn to investments and aim to diversify with alternative investments such as coins, the demand and the value at which coins are being appraised will continue to rise.
Although coin collecting for sentimental or personal value, there are specific subsections of collectible coins that may also serve as smart investments. According to O’Fallon, the chief investment categories are rare certified U.S. coins (such as an 1846 $2.50 gold piece), certified ancient coins, and “key date” coins (rare coins from a particular series needed to complete a set). Gain knowledge of these categories and check our coin inventory to begin building categorized investments.
Experience and Expertise Matter
For any new investor, it’s a good idea to find an experienced numismatist to work within the venture. It’s vital to seek someone who has years of experience in the industry and ample availability to clients. As a member of the American Numismatic Association, Atlanta Gold & Coin Buyers can help advise which coins to invest in by considering marketing trends and can even help to determine the value of and sell coins down the line.
Coin investments are becoming increasingly valuable over the years, making this a great time to invest. Schedule an appointment with Atlanta Gold & Coin Buyers today to get started!