Introduction:
The coin collection of yours could contain some hidden surprises. In view of the year 2024 coming, retirees are in a position to take advantage of that aspect allowing them to exploit the greater worth associated with rare coins which have appreciated in value over time.
The year 2023 has a lot of interesting places that could be found in the rare coin market. Collectors’ interest has hit an all-time high where some coins have broken all records even in the auctioneers. The interest rates have risen, leading to a period when almost everyone is a seller which is why this is a good moment for retirees as they can dispose of their collections comfortably.
As they say, striking that rare coin or numismatic treasure is another great source of income that you can realize during your retirement years. Due to the economic situation, there is a high demand for numismatic items. A single rare coin from a desired year, a year with the right mint mark, can get into thousands or millions worth of cash.
For example, the 1893-S Morgan Dollar was sold for a jaw-dropping price of $2,086,875.
Factors which contribute to the strategy of selling in 2024 key among them are:
- Heightened demand from collectors across all coin classes
- Stable value appreciation for especially rare American coins
- Improved demand from overseas investors
- Increasing shortage of some particular upscale mint years
- Growth of online auction marketplaces
For those in their golden years wishing to insure themselves financially or simply looking for other sources of income to rely on these rare coins symbolize money making opportunities that are too precious to bypass. With circumstances in the marketplace at present and their places in history available to you, it is the right time to evaluate the value of your collection.
The Purpose of Authenticity verification
In this regard, it has become even more important, as the industries are now influenced by the services of third-party graders such as PCGS and NGC. These services not only assess the condition of the coin grading but also give the above information as to its authenticity and the value in the market of such a coin, which in turn aids any sale undertaken in the current environment.
For example, such a price guide may show what is the estimated market value of the given coin and why it is worth that much, such as the case with the NGC price guide.
1932-D Washington Quarter :
This is an iconic quarter with an immense popularity that can be drawn from American avid collectors. The coin series comprises of a classical part of George Washington created by John Flanagan, the 200th anniversary of the birth of America’s first president. The backside of the coin which features the eagle design bears the ‘D’ mint mark, which denotes that the coin was stamped from the Denver mint.
Another factor that distinguishes this Quarter from the rest is the very limited mintage of only 436,800 coins which is the least number of coins minted in the Washington Quarter series. This was brought about by the Great Depression which made it almost impossible to produce a lot of this coin which eventually created a sad status of brevity.
Minted in perfect condition, a 1932-D Washington Quarter might fetch up to $140,000 at auction and some of the essential characteristics to emphasize are presented:
- Definitely crisp image of Washington’s hair
- Precise positioning of the mint mark
- Sharp contours of the eagle’s feathers
- Real luster of silver
This quarter is appreciated by the collectors not only because it’s artistic but also history related to tougher times in American history. The coin becomes more appealing due to its limited availability in higher grades since a lot of coins from this period tend to be heavily circulated wear due to spending.
Due to the fact that less than 100 pieces were certified in perfect condition by professional grading services, there is a cutthroat rivalry between collectors of lot of serious interest.
1943 Washington Quarter (Doubled Die Obverse)
When it comes to collectors, the 1943 Washington Quarter with Doubled Die Obverse is an amazing minting blunder. This special almost always features significant doubling on the face, especially;
- Washington’s profile
- The word “LIBERTY”
- The date “1943”
- The motto “IN GOD WE TRUST”
Doubling effect occurred as a result of a production issue when the hub struck the die several times at a slightly shifted angle. To prevent misinterpretation of the poor quality of these quarters, professional graders know the particular indicators required to fair these quarters, as imitations exist in the market.
A graded and certified 1943 Doubled Die Obverse quarter in MS-65 can range in price from $22,000 to $40,000 at public auction. However, the price tends to multiply for coins having:
1944 Steel Pen:
The 1944 Steel Penny ranks among the top of the most popular coins which were made with a mistake in the history of the United States.
During World War II, for the purpose of saving copper in the war, the U.S. Mint used to produce pennies in stainless steel instead of the traditional copper alloy. In the year 1944, the Mint had in fact resumed the use of copper for making coins, but the steel blanks were prepared and a few of them were unwittingly minted as well.
1943 Copper Penny:
The 1943 Copper Lincoln Penny is among the most unique errors that a coin collector can find. During World War II, the fabrication of pennies in the United States suffered a change as the U.S. mint switched from production of copper pennies to steel ones to save copper for the war effort.
Nevertheless, a few copper planchets colluded with the dusted working of the coining process leading to these very scarce coins designed in that very year.
Morgan Silver Dollars:
The Morgan Silver Dollar Coin is one of the most popular coins in the rare coin market with many other aged silver coins. Morgan dollars are those coins most famous strangely most common of all United States silver coins. These coins were produced between 1878 to 1921 with Lady Liberty on one side of the coin while an eagle on the other side.
Within this series, the Morgan dollar the s the most valuable coin, selling for $2,086,875 at auction for pristine example. The commonness of the coin arose as a result of the small number of investors that was only 100,000 pieces when the coin was minted in the San Francisco Mint.
Another very valuable and collectible coin is the 1889-CC Morgan Dollar with a price tag of $881,250 for an uncirculated example. The Carson City mint mark makes these coins high in demand thereby appealing to passionate collectors all over the globe.