Rare Coin Buying Guide

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Rare Coin Buying Guide

When it comes to coin collecting, individual coins produced in limited quantities or with imperfections often hold the most value due to their scarcity. Many collectors seek out these rare coins specifically for their value or just for the thrill of the hunt. The options are vast when it comes to collecting rare coins, and most experts recommend that new collectors choose a theme or a series to help them get started.

 

American Colonial Coins

If the United States is a point of focus for a collection, then American colonial coins hold a lot of appeal. The first versions are the 'Pine Tree' coins, but they actually include Willow Tree, Oak Tree, and Pine Tree editions. These coins were minted in 1652 and struck until 1682 at the mint in Massachusetts Bay Colony. Other rare colonial coins are available from various states like New York, Connecticut, and New Jersey.

 

The 1933 Penny

Those who collect rare British coins have probably heard about the 1933 penny. In 1933, so many pennies were in circulation that no new 1933 pennies were struck for consumer use. However, because it was a good omen to lay new sets of pennies under buildings under construction, the mints struck a low number of 1933 pennies for this purpose. No one actually knows how many of these pennies exist, but they are extremely rare. A few coins are on display in museums and are worth a considerable amount of money.

 

British 2 Pound Coins

Although not all the coins in the 2-pound series are rare, a complete set of coins in the series does make the collection rare. The British two-pound coins appeared in 1986 with the image of Queen Elizabeth II on the front. The coins are two-toned with a gold edge and a silver centre. Since this introduction, mints have struck many versions of the coin. The rarest is the 1994 coin, simply because it was struck in the lowest numbers.

 

American Double Eagle Coins

Another famous rare American coin is the Double Eagle. It was worth $20 and was minted between 1850 and 1933. Production ceased when the President issued an order for Americans to trade in all gold coins for paper money. The original production of the coins began due to the California gold rush, which increased the amount of gold pouring into the economy. Six different versions exist of the American Double Eagle coin. The first three are similar to each other with the bust of Lady Liberty on the front. The last three feature the full body of Lady Liberty. Many collectors like to focus on rare gold coins such as these because they maintain their value in any economy.

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