Looking to Buy Collector Coins? Here’s What You Should Know

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It’s hard to imagine that something so small and usually worth so little could give you a big payout down the road. If you’re looking to buy collector coins, there are few things you should think about to make sure you’re making the best purchase possible.

Looking to Buy Collector Coins? Here’s What You Should Know

  • Age: One of the first silver dollar coins in the United States featured a bust with flowing hair. The 1794 coin is known as the “Flowing Hair Silver Dollar” and sold for over $10 million back in 2013. The first U.S. penny, which was made in 1792, sold for about $1.2 million in 2015. A lot of older coins are very rare and are thus a lot more valuable today than when they were made.
  • Rarity: However, not all rare coins are old. Most of the pennies you might find from 1943 are made of steel (because of the war), except for one accidental copper batch. A 1943 copper penny could be worth around $10,000. More rare coins produced by error include the 1982 dime without a mint mark that’s worth around $300, the 2005 Kansas State quarter that’s worth around $100 because it reads, “In God We Rust,” and double die pennies from 1955 that feature a “double image” that make them worth around $1,800.
  • Material: Though rarity and age are still factors when looking to buy collector coins, the material of the coin also plays a part in its collectible value. There are gold $10-coins from 1839 that are worth over $1.5 million today. Silver half-dollars from before 1970 contain more silver than half-dollars do today, which now makes them worth more than their original 50 cents.

Don’t hesitate to reach out to us here at Carolina Silver & Gold if you want to buy collector coins for your collection!