As the year 2024 approaches, most of the retirees will surely get to ponder over collections gathered during a lifetime; collections such as dusty old coin jars or albums placed secretly within a drawer. There is always a possibility that among those treasures, some are very rare coins that have a very high money price and thus a good opportunity for a big payoff. Selling rare coins can be an entertaining task, whether to supplement retirement savings or just the enjoyment of decluttering. In this article, five rare coins that retirees should consider buying before the end of the year are highlighted. Some of these coins can be a hundred thousand dollars or more worth.
The Worth of Coins That Rare:
Coin collecting, often referred to as numismatics, is not just a hobby but a worthwhile and potentially lucrative investment. Some of the elements that could dictate the worth of rare coins include scarcity, historical value, and demand in the collector’s market. Rare coins usually appreciate with time. A retiree might receive some much-needed bonus in their financial plan if they sell these coins. In this article, we delve into five extraordinary coins that could be secretly lurking in collections across the United States.
1913 Liberty Head Nickel
General Overview of the Liberty Head Nickel from 1913
Liberty Head Nickel 1913 is considered as one of the most famous coins within the American numismatic coin world. Only five coins are estimated to be present, which makes it a rarest and more wanted among the collectors’ worlds.
Because it is so rare, an impressive amount of money is brought in by the 1913 Liberty Head Nickel when sold at auction. Some specimens sell as low as $4.5 million to an impressive $50 million. It also has an enchantment surrounding its rich history and mysterious origins; consequently, it is very appealing because there are stories about collectors who created it.
The obverse side of the coin carries the very famous Liberty Head, and the reverse side is a Roman number V, meaning five cents. The scarcity behind its minting was without any authorization, and it has been discussed by the numismatists who are fascinated about it.
If you happen to lay your hands on the 1913 Liberty Head Nickel, you are encouraged to seek an experienced appraiser and continue further deliberation. The sale of the coin will raise you some money that you have ever known, changing your life.
Overall Summary 2. 1909-S VDB Wheat Penny
The 1909-S VDB Wheat Penny is another one of the highly sought after properties in the collection of coins. This special cent is notable because its designer’s initials, Victor David Brenner, are engraved on the back side of the design.
It has been minted in the very limited number of only 484,000 pieces, hence the 1909-S VDB is a very rare coin and also quite in demand. It might even fetch over a hundred thousand dollars even for nearly perfect coins.
The most striking feature of this coin is the design, which represents the turning point of the history of the United States mint. The controversy that initially surrounded the VDB initials further increased its value among collectors after it was removed from production in a short period.
If you have a 1909-S VDB Wheat Penny in your collection, then it is highly recommended to have it appraised. You might be able to make a significant contribution toward your retirement savings with that seemingly insignificant coin.
The unbelievable amount of gold in the 1879 Double Eagle Gold Coin has made it deserve the reputation it has for its history. Of all the many gold coins that collectors look for, this is among the popular pieces that owe their recognition to being the representation of the twenty dollar denomination.
This coin would bring in over $120,000 in the right market. Both by its historic setting and because of its aesthetics as well as because it contains gold, especially when hard times economically are looming
It captures the American ideals of the period, with on the reverse a lovely eagle, and on the face, Lady Liberty. What makes this edition unique is the distinctive minting elements that appeal to collectors in a serious hobby.
For a retiree who happens to have this coin, the possibility exists that selling it might result in a significant increase in their financial situation. As such, it is a worthwhile item to take into consideration as part of a retirement strategy.
The 1943 Copper Penny is noted for the special kind of minting error to be encountered during the course of the Second World War. Because copper was strictly needed in the war time, pennies from 1943 were mostly created with steel. Thus the very scarce copper-rare types issued are highly priceable.
Especially when it is in high-grade condition, this rare penny can sell for more than one hundred thousand dollars. The story of this coin and the error that made it so rare are what are unique and so desirous.
The 1943 Copper Penny is copper and thus can only be told apart from its steel counterparts if observed closely. The copper Penny looks just like the steel counterparts. A mint anomaly favorite among collectors who enjoy this aspect of the anomaly, it makes it a favorite since it is a rarity.
If you have a 1943 Copper Penny, there might be a chance that it holds a treasure hidden within, which is worthwhile discovering. To determine the value it holds in the market, evaluation is best done by a professional.
Number Five: The 1916-D Mercury Dime
This 1916-D Mercury Dime is highly valuable because it was minted in a few quantities and has vast heritage. This coin has also attracted the attention of some collectors who have formed a cult of following the coin due to its exquisite look that is only available in a few supplies.
Due to its low production of only 264,000, the 1916-D Mercury Dime has excellent potential for getting high margins since it typically sells at around $75,000 or more. Its price is enhanced mainly because it is more desirable to most collectors.
On the Mercury Dime, the face of Liberty is depicted with a cap and wings meant to symbolize free thinking. Being one of the lowest productions from its stamp, the 1916-D version is the most remarkable, and any serious collector should get their hands on it.
An appraisal is something that retirees who possess a 1916-D Mercury Dime should consider doing. The rare coin in question is not only historically significant but also holds a promising prospect of investment.
If you suspect that you own any of these rare coins, the first thing you should do is bring them to a reputable numismatic expert. They can give you information about the coin’s condition, its rarity, and demand in the market so that you may be assisted in knowing its real value.
Coin Dealers:” [Reference] Well-established dealers can sometimes make quicker offers, but the value of such offers may be much lower than market value.
“Auction Houses:” [Reference] Some coins are best auctioned off when demand is high. They may then fetch competitive values. Research reputable auction houses specializing in rare coins.
On-Site Shows About Coins: You will have the opportunity to personally encounter collectors and dealers at local or national shows, therefore giving you a very personalized selling venue.
Internet Marketplaces: You can connect with millions of people via websites like eBay or more specialized numismatic platforms; keep in mind the fees and buyer protections involved.
Coins should be cleaned and kept in good storage when getting ready to sell. High-quality photos and write-up descriptions will help attract the attention of buyers. In addition, sharing the history behind your coin, coupled with relevant certifications, makes the coin more attractive.
As the year 2024 approaches, retirees should check their coin collections more closely. Great treasures may be hidden in everyday coins, so the histories can be told and possibly large sums of money paid for them. Whether it is the legendary Liberty Head Nickel, 1913 or the scarce Copper Penny of 1943, the information pertaining to the valuations of such coins may lead to decisions that are lucrative and bring in better quality while getting through your retirement experience
Every coin has a story to tell about in numismatics, and for retirees, the chance of turning that story into a financial benefit is something they cannot afford to miss out on. You should strive to evaluate and research your collection because you never know what benefits may come your way as a result in the next year.