Wednesday, January 15, 2014

3 Coins Likely to Rise in Value in the Near Future

Coin collecting can often be a lucrative hobby for the serious collector and quite enjoyable in general. Of course, it is always a little bit better when you make an investment that pays off in the future. Here are a few coins you may think about picking up if you would like to see your investment bloom in the near future.

U.S. Presidential Dollars

In 2012, production of the U.S. Presidential dollar was reduced to roughly two million due to an overflow of stockpiles at the Federal Reserve Bank. Coins affected by this reduction include the Chester Arthur, Grover Cleveland, Benjamin Harrison, William McKinley, Theodore Roosevelt, Howard Taft, and Woodrow Wilson dollar coins, as well as future presidential dollars, being produced after the Woodrow Wilson coin, in 2014, 2015 and 2016. The U.S. Presidential dollar honors four presidents every year, and since 2007 all presidents up until Wilson have been incused on the U.S. mints.

U.S. Bust Half Dollars

From 2007 through 2010 there was a large influx of U.S. Bust half dollars that in turn caused the prices for mid-grade and downward coins to soften significantly. These popular halves fetch anywhere from fifty bucks to over thirty thousand dollars, and will find themselves in many coin collections because of their popularity and value. The Capped Bust variety, minted from 1807 through 1839, easily has a starting value of $50 and upwards. Collectors in possession of the Draped Bust variety, which was minted years earlier – 1796 through 1807 – will find the value of their coins at $160 and up.

Barber Quarters

The design of the Barber quarters consists of the Liberty head with a cap and wreath. Inspired by 19th century French, classical Greek, and Roman coinage, the word "Liberty" appears on the headband as well as "In God We Trust" above the Liberty head. While Barber quarter values start at $5.50 - $6.48, due to the value of silver, coins of high grade and good preservation can easily be auctioned for hundreds.

For those new to the fun hobby of coin collecting, or even enthusiasts who've already begun their collection, here's a tip or remember: when looking to add another coin to your collection, be aware of coins that have been cleaned, scratched, holed, dented, and other aesthetic issues that will reduce a coin’s value. History often plays a vital part in determining the value of your coin, and rare coins in "good" condition or better with a good story can sell for thousands of dollars.

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