The rare coin market is cyclical, and many collectors purchase coins when demand for them is not so great, looking for a long-term return on their investment.
Collection of valuable rare coins is not subject to government scrutiny, and the demand for rare coins is such that selling and trading is easy – making for a fairly liquid investment. Rare coins are easily stored, virtually indestructible, and insurable – a model venture.
The rarest of rare foreign and domestic coins can sell for prices up to a literal fortune, or not as much money as you’d think. As a rule, they all have a story behind their production which makes them as intriguing to research as they are hard to find.
The 1804 U.S. Silver Dollar is referred to as the ‘King of American Coins’, and is one of the most rare, with only eight legitimate specimens known to exist. One of these has sold at public auction for $4 million.
For a one cent coin, the little 1943 Lincoln Copper Penny has grown up to wield some huge clout. One of the most famous of United States coins, it’s believed that only 40 authentic 1943 Copper Penny coins exist. Copper was in short supply during World War II, and pennies were struck in a zinc-alloy instead. Some remaining copper used in previous years was mistakenly cast in a zinc-plated cent production and set out into circulation – and the 1943 Copper Penny was born. The highest amount documented as being paid for one of these pennies is $82,500.
One of the most notoriously famous British coins is the 1933 penny. None of these rare pennies were ever entered into circulation, are never likely to be offered for sale, and are not available to the public or collectors – which piques people’s interest in the coin even further.