With the global economy so fragile, many people are relying on coin collections to build their nest eggs. And, it’s not a bad idea! Coin values will never “crash” like the rest of the economy can, and, with so many collectors out there, you will always have a market to sell them to.
But which ones offer you the best coin values? If you’re starting a collection, look for these 3 coins:
1.Gold American Eagle Created and distributed by the U.S. Mint, a Gold American Eagle is the only gold coin that’s weight, content, and purity is fully-guaranteed by the U.S. government. Coin values for a Gold American Eagle can vary widely – depending on what the going rate for gold is at the time. However, considering that gold prices have been skyrocketing for years, you can expect these coins to be worth quite a bit! Gold AmericanEagle coins are also the most commonly traded in the world – meaning that you can always count on having sellers to choose from if you ever need to sell yours.
2.Morgan Dollar Another coin that has ties to the U.S. government, Morgan Dollar coins were sold by the Treasury Department between 1878 and 1921 in an effort to guarantee the nation’s silver market. Since they were never meant to be circulated (even though some of them actually were for awhile), there was only a limited number of Morgan Dollar coins produced – making them a very rare find.Coin values for Morgan Dollars will typically be high simply because of their rarity.
However, the better condition that your Morgan Dollarcoins are in, the more money you can expect to get for them. As you might expect, one that was circulated will look worse than one that’s merely been passed on from collector to collector.
3.Silver Dollar You may think of it as an “oldie”, but it’s also a “goodie”. To a coin collector, a Silver Dollar will never go out of style, so it’s always a good staple to have on hand. Of course, the rarer of a Silver Dollar you can find, the higher coin value you’ll be dealing with. Silver Dollars have been produced for nearly 200 years. If you’re lucky enough to stumble across one of the originals, you’re looking at a coin that could easily be worth $500 or more! It’s not good enough to find an old Silver Dollar, though.
You also need one that’s in good condition. Before you buy one, talk to your coin dealer about “grading” it – or, determining what kind of condition it’s in.Each series has its own specifications.