Mint — perhaps a few leftover copper planchets from were stuck in the coining press system and struck with penny dies. Why so few? Be sure to check your change for this one! It simply is a regular-issue piece that was struck in relatively low numbers. In fact, only , were originally minted, and only a small fraction of pennies from the original mintage remain today. A doubled die coin of any era is usually pretty scarce to begin with, but an Indian Head cent is scarcer still. It was soon learned that only the Denver Mint struck pennies in , and one-cent coins without a mint mark but bearing that date were in fact mistakes.
Perhaps 15, to 20, plain Lincoln Cents were made, but nobody knows the exact number of examples that were made, let alone how many remain to this day. However, what is known for sure is that the no-D penny is quite scarce and in high demand among coin collectors. The U. By the end of the s, they had become a hot coin collector item and remain so to this day.
This holds true for selling a coin yourself, on consignment, or through auction. You are likely to do better when people are in the mood to buy coins; not when they are preoccupied with summer vacation or preparing for the Winter holidays. But when you are selling your cons I think it does make a difference to have a CAC sticker. I think the best thing about CAC is that it instills confidence in buyers and makes a coin more liquid.
You own similar coins. Should you turn around and sell as soon as possible? Yes and no.
Sometimes you get lucky and can find the underbidder who just missed out on a record-setting coin. But more often than not he was an underbidder who might not feel so good about the level he was at a second time. As a seller, replicating an all-time record price can prove difficult.
Buffalo Nickel Key Dates, Rarities, and Varieties
But it might be worth an effort to at least experiment, no? About a year ago I saw an interesting gold at an auction. I took a chance and bought it, mainly because it sold so cheaply, then sent it to a grading service to be re-holdered. Lo and behold, it was actually very nice. It later got a CAC sticker and I sold it for a good profit; all because it looked great in its new holder. Let the buyer take the gamble. Take a few minutes and attribute your coins.
Life is full of unexpected turns. Have you fully planned what would happen to your coins if you were to suddenly die or become incapacitated?
More Rare and Valuable US Coins with photos and illustrations - Check your Pockets and Piggy Banks!
Make it easy for her or your heirs and leave explicit instructions on how to dispose of your coins. True story: a few years ago, a good client of mine passed away without a will and without leaving instructions on how to dispose of his coins. I would have paid close to a million dollars for the coins if she had called me. Depending on the types of coins that you are selling, it should be possible to price your coins.
But there are important things to consider. Are your coins worth a premium? Is your coin approved by CAC and, if so, does this make a difference? Common issues and generics are easy to price. Rare coins and very rare coins can be very difficult. Examine recent auction records.
Are they consistent or all over the place? Has there been a comparable coin that has sold at auction in the last year? If you have an extremely rare coin, it is probably best to put it in auction. But specialist dealers can be a great resource for selling rarities as well and they may be able to help you maximize the prices you get. Piggy sellers. Everyone knows them, and no one likes them.
This makes them happy and it makes them want to buy more coins from me in the future. When I buy from collectors I try to be extra-fair and pay the most that I can while still leaving some room for myself to mark-up the coin up and resell it. Do you have any tips for selling your coins? Please add them at the end of this blog or email them to me at dwn ont.
Important article. This matters a great deal. For example, if you have a dozen nice, slabbed, AU midth-century gold coins, do you offer them to Doug Winter or a generalist, small-time dealer a couple miles from your house? Or should you put them up for auction?
Or should you try to sell them at a coin show? Some examples on how to use the Coin Value Tables for locating blue chip coins are found on our Bullish US Coins page, which spotlights a few of the obvious winners. Coins with extraordinary potential, identified as key dates, are also mentioned on most pages in our U. Coin Types section. The Coin Value Tables contain many compounded annual return rate computations, to facilitate comparisons from one coin to the next, measuring how much they change in value over time.
Compounded annual return rates, the typical yardstick for measuring investment vehicles, are offered here and are from to the present, , , and , all to the present year. Why were these years chosen from which to measure compounded annual return rates? What follows is a brief insight on why these periods were selected for analysis:. Not coincidentally, this is just about the time coin collecting started gaining appreciably in popularity in the United States. Thus, evaluating annual growth since is a worthwhile endeavor because it is a reasonable "starting point".
What you will see is that coins held in the highest esteem by collectors i. By comparing compounded annual return rates since , the most important coins sought by numismatists are readily identified. By the winter of the coin industry stood on an unprecedented plateau.
Since then, coin values have gone down and up tremendously several times. Any coin weathering the wild roller coaster ride since is certainly a fine acquisition.
Many observers cite as the cause of the tailspin the issuance of the grading services initial population reports in the late s, which provided a better glimpse of the actual scarcity of collectible coins, followed by speculators fleeing from coins. Since , we've witnessed a steady, if not spectacular, rise in numismatic market conditions.
With the speculator debacle behind us, you can bet the price hikes since then are supported by sound fundamentals. Coins that have appreciated nicely since are likely valuable heirlooms you will be proud to pass on to your grandchildren. The global economic downturn that began in late has not, as a whole, dramatically suppressed coin market activity. To the contrary, prices have held steady or have risen.
That's not to say some coins have not suffered a pullback in pricing, because here and there we've seen some values reductions since The Rare Coin Value Index trends show the market holding its own during recent tough economic times. Perhaps you prefer a different year for a baseline comparison.
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Whatever time frame you choose, you're in luck here, because this site features a flexible Coin Rate of Return Calculator , where readers are free to compute compounded annual return rates for virtually any time period, for any coin they wish to analyze. It's easy and fun to use, and yields great information!
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Going back to the s and before, coin grading was limited to a few adjectival terms, such as Good, Fine, Uncirculated, and Proof. Accordingly, numismatic references of those times conformed to the same set of adjectives to approximate retail coin values. However, with no clear point of reference or consistency on how the modifying descriptors were invoked, most publishers resorted to listing values for only one "Uncirculated" grade and one "Proof" grade.
In the late s, as coin prices escalated dramatically, most notably for pristine, high quality specimens, varying distinctions of "Uncirculated" and "Proof" became evermore critical. Descriptors "Choice" and "Gem" were replaced by numerically assigned grades, utilizing the newly developed 70 point ANA scale , based on a numeric system introduced by Dr. William Sheldon in the s.
A few years later, grades MS and MS joined the fray. Although not applied consistently a situation that gave the coin business a black eye , the practice of assigning a numerical grade to indicate quality was universal by the mids, and eventually brought some consistency to coin collecting that was absent as the hobby passed through its formative years.
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The Coin Value Tables reflect the historic availability of numeric grades to describe coins. Thus, for through , the values appearing in the MS column should be viewed as the "Uncirculated" listings of those years, since numeric grades largely did not exist. By , when numeric grades were in widespread use, the MS column should be interpreted to indicate precisely that. Other grades, MS for example, made their debut on the Coin Value Tables in or later, and are carried forward from that time to the present.