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Coin Collecting For Fun And Profit

May 26, 2017

Coin collecting can be a fun and rewarding hobby. Many people collect coins to learn about history, pass on family heirlooms, and even store wealth. If there’s one hobby that can be done for both fun and profit, coin collecting is it.

Coin collecting is a $10 billion dollar industry in the United States alone. Coins are valuable due to their currency, precious metals, and collectible value. Some coins have interesting historical significance too!

To get started, we rounded up some ideas of the best coins to collect for fun, and the best coins to collect as investments. But who says you can’t do both?

 

Best Coins To Collect For Fun

While it may be difficult to get your hands on extremely rare and expensive coins, the following coins are popular among collectors of every level.

These coins are beautifully designed, relatively affordable, and have potential to increase in value over time. Plus, a lot of them have interesting backgrounds too.

1937-D Three Legged Buffalo Nickel

The 1937-D Three Legged Buffalo nickel is an example of a coin that is popular with collectors due to error. At the time of production, many coin dies were polished or ground in order to extend their life. In this case, the coin was ground enough to remove the front leg of the buffalo. Oops!

Learn more about all the varieties of buffalo nickels.

 

1909-S V.D.B. Lincoln Cent

For Lincoln penny collectors, the 1909-S V.D.B. Lincoln cent is the holy grail. It’s the rarest of the Lincoln pennies — only 484,000 were ever produced — as well as the first Lincoln Penny. It was introduced in 1909 to commemorate the 100th anniversary of President Lincoln’s birth.

The designer, Victor David Brenner, placed his three initials near the bottom of the coin. This was a departure from tradition, as most designers only used their last initial up to that point.

Learn more about the variety of Lincoln wheat pennies.

  

1921 Peace Dollar

The 1921 Peace Dollar was minted to commemorate the peace that followed the Great War, which ended in 1918. It was first proposed by Farran Zerbe, former President of the American Numismatic Association, and designed by Anthony DeFrancisci. The coin features images of lady liberty and an American eagle. Only about 1 million of these coins were produced.

Learn more about the peace silver dollar.

Best Coins To Collect For Investment

Some people pursue coin collecting for fun, while others pursue it for investment opportunities. You can collect coins for multiple reasons, of course, but those collecting to invest take a slightly different approach.

If you are collecting coins as an investment, you are probably more interested in the value and purity of gold and silver than you are in any historical significance. In fact, certain gold and silver coins are even approved investment vehicles for Individual Retirement Accounts (IRAs).

Gold Coins For Investment

The following are the top gold coins for investment purposes:

American Buffalo 1-Ounce Gold Coin

 

One of the purest gold coins minted in the world. Gold buffalo coins are made of pure, .9999 fine 24-karat gold.

American Eagle 1-ounce Gold Coin

Gold eagle coins are measured at 91.67% fineness, and its 22k alloy contains 3% silver and 5.33% copper. This coin is available in multiple denominations, including 1/10-ounce, 1/4-ounce, 1/2-ounce, and 1-ounce varieties.

Gold Coins Around The World

Outside of the United States, Canada is the next biggest contender in the domain of gold coins. Canadian gold coins are available in 1-ounce, ½-ounce, and ¼-ounce varieties. These coins are known for their purity and beauty and they are backed by the Royal Canadian Mint. Additionally, Britain, South Africa, and Austria also have 1-ounce gold coins that are worth investing in.

Learn more about gold coins from the United State and around the world.

Silver Coins For Investment

The following are the top silver coins for investment purposes:

Silver American Eagles

Silver eagle coins have their weight, content, and purity guaranteed by the U.S. government. They are made of 99.9% pure silver.

Silver Canadian Maple Leafs

One of the world’s most instantly recognizable silver coins, Silver Maple Leaf coins are beautifully designed. They are also made of .9999 fine silver, while most others are only .999.

The Most Valuable Coins In The World

Now the real fun begins. Rare coins may be harder to find — by definition — but that makes them more valuable. Really valuable, in fact. The following coins are some of the rarest in the world:

  • 1913 Liberty Head V Nickel – $4,408,650
  • 1870 S Liberty Seated Dollar – $1,959,995
  • 1927 D St Gaudens Double Eagle – $1,200,000
  • 1794 Flowing Hair Dollar – $825,098
  • 1838 O Capped Bust Half Dollar – $745,000

See the full list of the world’s most valuable coins.

What Is Your Coin Collection Worth?

You probably don’t have a million dollar coin sitting at home. However, it is possible to build (or inherit) a coin collection that’s worth more than you expected.

The challenge is selling your coin collection for the best possible price. At Samuelson’s Buyers, we make it easy. We pay more than any other coin and bullion buyer in the Washington D.C. area. Plus, we only meet with clients one-on-one in our secure private office by appointment only.

Gold coins we commonly buy:

  • American Gold Eagles
  • American Gold Buffaloes
  • American Gold Double Eagles
  • Canadian Gold Maple Leafs
  • South African Krugerrands
  • Australian Gold Nuggets
  • Chinese Gold Pandas
  • British Sovereigns & Britannia
  • Austrian Philharmonics
  • Mexican Gold Libertads & Pesos
  • PCGS and NGC Graded Gold Coins

Silver coins we commonly buy:

  • American Silver Eagles
  • Chinese Silver Pandas
  • Canadian Silver Maple Leafs
  • Morgan Silver Dollars
  • Peace Dollars
  • Pre-1964 Dimes, quarters, and half dollars (90% silver content)

If you’re curious to see what your coin collection is worth, make an appointment today. We can evaluate your coins, answer your questions, and make you a fair offer with no obligations.

 

Resources for Coin Collectors

Here are a few resources to get you up to speed on coin collecting today:

Photo Credits:
Heritage Auction Galleries
Silver Monthly

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