There are quite a few reasons why the United States certified obsolete coin market has all of a sudden garnished so much new interest.
One of the reason’s and the most obvious is the introduction of the Internet and a global customer base all of a sudden competing for a limited commodity.
We know from history that when human kind wants something and it becomes unavailable they instinctively raise their offer until it becomes available.
This is exactly what has already happened with many issues. it will continue to happen, one coin type at a time, until eventually all United States obsolete coins become rare in their own section of numismatics.
Collecting Key Date Copper United States Coins
Common date Large cents have been selling for thousands of dollars for a while now, in uncirculated condition. These coins have yet to make the big move in the lower grades but are expected to do so within the next few years. This is an area that a lower level investor could by a large amount of circulated large cents of various dates and stock them away for five years and easily double their money if not better.
This amount of return may sound a little optimistic, but recent history has shown that it is very easy to make 100 % profit on a coin purchase in as little as a few months, if the right coin is purchased.
Another series that is presently ripe for the picking would be the common date United States half cent series. These coins are also available for a few hundred dollars in a nice collectible grade. Putting a few half cents away can also easily return multiples of your investment with only a short term knot on your money.
Collecting Key Date United States Silver coins
Silver today has blown away historical ratio levels, compared with gold as it normally is. This fact means that more silver coins with common dates, are worth more melted then they are to collectors.
Although the United States Mint forbids the melting of all US coins, there are many unscrupulous people in this world, that will not heed this order. They will balk at the law and melt the coins anyway, risking arrest and huge fines and at the same time increasing the value of the remaining examples. This will help to delete the surviving examples of United States silver coins that do exist dramatically.
So where do these facts combined put us on purchasing silver coins for an investment? The trick is going to be getting in on the semi key date and key date coins that are already rare enough to exceed the melt point, but haven’t quite become ultra rare yet. Figure out which coins fall into this category and you have a winner.
Collecting United States Gold Coins For Investment.
If your thinking about investing in United States Gold coins, then you had better have a substantial budget to work with. The price of gold today repels the idea of investing in common date gold coins for bullion value. The best person I can say you listen to is whoever said “Buy low sell high” (I think it was Oprah) no maybe not. Anyway the price of gold is too high right now.
If however, you do happen to have an unlimited amount of expendable investment money and you would like to make a larger investment into a pretty sure thing, then your looking for high grade, rare date, certified examples, of any obsolete United States gold coin.
Finding a coin of this type is easy enough, always make sure of your sources because many counterfeits exist and the people who make them can reproduce just about any coin. Buy only certified coins from a reputable grading company, such as NGC, or PCGS, the two of them are well known and have a great deal of coins on the market, with their brand and grades on them.
Last but not least a Few Low Budget Coins With Common Cents
The state of the economy, has hit the world rather hard as of late. Hobbies have taken a back seat to more important expenditures. Being a non essential expense, collecting coins and other collectibles, simply isn’t possible when trying to feed a family. Coming into the market for some, is impossible at anything other then the lowest levels.
Numismatics hasn’t forgotten the average Joe. The die hard collector that just likes to collect coins and maybe someday they’ll be worth something. A few areas of coin collecting can still offer this, no risk type of collecting.
One area that’s completely free, is called cherry picking bank rolls. This simply involves going to the bank and buying rolls of United States coins and unrolling them to look for obsolete wheat cents, or silver dimes.
War nickels from the days of world war two, have silver in them and are often overlooked when people roll nickels. Most people won’t know that Kennedy half dollars from 1965 through1970, are 40% silver.
90 % Silver dimes and quarters, are also found mistakenly or otherwise, rolled up in everyday change. These coins are bought for exactly what they’re worth from the bank, face value. The ones you cherry pick have a value higher then the face value, so there is no loss possible here, except for time.
Eventually you can build a relationship with bank tellers and ask them to give you the oldest looking rolls they have. This sometimes will get you a complete roll of forty silver dimes. The mother load and quite a profit at about ten to one right now.
Most of all if you are thinking of investing in United States obsolete coins. Have fun and collect a coin that you love. Passion for an issue will give you the motivation you need, to learn all there is to know about that series. This can put you in a very good position, during any negotiations you may enter, where price is a question.
Once again I’ll tell you, the other good thing to remember is to find the coins that you will be able to “Buy Low, and Sell high.”
Sources; The redbook of US coins by RE. Yeoman
Penny Whimsey by William Sheldon
Auction prices realized on EBay.com were referenced