Building an investment plan around United States obsolete rare coins, is actually a very smart move today. Think about the increase in customer base that the Internet has provided.
Think about a limited commodity with diminishing numbers as we speak. Getting in now could be the last chance for many of us as the prices for these numismatic rarities are bound to sky-rocket soon. we are now seeing all the signs in place for a no lose investment.
For years the coin collectors of the world have sat in the darkest corners of there homes and tediously filled each hole in their collector books. Slide the covers closed and place the book back on the shelf where it sat until another missing example is located. That hobby is now shifting to more of a buy sell situation where coins are bought specifically to make a profit by reselling them.
How much can be made will depend on many variables and calculating these variables is how we know where to invest in the US coin market. Lets look at a few facts. Copper large cents and half cents from the United States were minted from 1793 until the year 1857.
These copper cents wore very fast and few are left today in uncirculated condition. With limited production numbers and a huge collector base there are a few design series in the later years that can still be acquired for a few hundred dollars in uncirculated condition.
Half cents are an overlooked series and single examples can be purchased reasonably. Because of high priced key dates and a ten year run were only proofs were made, this denomination of United States coins are soon to realize a dramatic price increase as their limited numbers are disappearing from the market.
Because of the high price of silver today there is another reason To invest in United States silver coins. Again High grade examples will appreciate the fastest because these are the first ones that will disappear. Washington quarters are a great introduction to this type of investing as most years are very cheap and there are only a couple of expensive key dates.
The rise in the price of precious metals has caused a spike in Washington Quarter prices. There numismatic jump from rarity has yet to occur. Time is a limited commodity as are the coins, so getting in now is a good idea if your going to try to make a profit from any Rare obsolete US coin.
Building an investment plan around United States obsolete rare coins, is definitely a savvy investment choice today. How much can be made will depend on the amount of research your willing to put in. Coins can be priced at ridiculously low prices and they can be extremely overpriced as well. Learning what the going rate is should be a prerequisite to any purchases.
The more you study the coin your looking at the better deal you’ll find.
There are many avenues for acquiring quality numismatic investment grade coins so shop around. After all, if you want to make money, you have to buy low and sell high. The market will take care of the second part of that equation, the first part is all depending on the buyer putting in enough time.