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Acquire good quality! Get high quality!  Get top quality!  That is all you hears these days when you are considering uncommon coins as an investment.  Initial, are you really purchasing coins as an investment, or merely for the pleasure of owning a piece of history?  That is often the real dilemma for numerous collectors, or is it investors?  Everybody desires to make certain that their investment is protected, but there are no guarantees, specially in rare coins.  In reality, some uncommon coins take years to appreciate to the point of getting in a position to sell it profitably.

Hey, I would enjoy to be in a position to plunk down $100,000 for a 1919-s Standing Liberty Quarter in MS67 condition certified by PCGS.  There is only one particular coin with this date certified by PCGS as of February 7th so it is the finest available.  But not numerous of us have that luxury.  I do not, and I suspect you do not either.  It really is difficult to comprehend paying much more for a single coin than my very first house expense.  And whilst the rarest and finest of all rare coins have reached stratospheric prices, what does this leave the rest of us?  Not significantly, unless you are prepared to do a tiny perform.

So if my interest is in uncommon coins as an investment, what do I do?  Nicely, there are numerous other coins and options you can select.  First, let's critique what drives the price of a coin.

1. Demand.  Demand probably is the greatest driver of value.  A clear example of this is the 1909 S VDB with a mintage of 484,000 and an estimated retail worth of $720.00 in G4 and $7,500 in MS65 vs. an 1879 Shield Nickel.  The Shield Nickel had a mintage of only 29,one hundred yet the estimated retail value of a G4 is only $415 even though the MS65 instance is $1,950. To further illustrate this point, PCGS has certified 703 MS65 Red 1909 S VDB cents and only 27 MS65 Shield Nickels.  How several Shield Nickel collectors do you know vs. Lincoln Cent collectors?

two. Scarcity.  Generally speaking, placing demand aside, the far more scare/uncommon a coin, the higher its worth.  This is normally quite true, specially when comparing dates within the same series.  Scarcity must not be confused with general mintage.  During the silver booms, a lot of, many silver coins had been melted for there bullion content.  Furthermore, some coins with greater mintages can be quite uncommon in particular grades such as greater MS condition coins due to weak strikes, and so forth.

3. Situation.  This is the most obvious a single.  When comparing the exact same coin, the better the grade, the higher its value.

four. Age.  Even though age can have some element, I would rate it lower than the three above

Ok then, taking into consideration all these elements, how do I locate good coins that I can afford that will not only appreciate in worth, but appreciate at a greater rate than other coins?  I think the crucial word here is good.  Coins other than Mint State coins can appreciate in worth if you know what to look for.  Look at the 4 driving variables of value once more.  They are demand and scarcity.   Take a excellent appear at the following chart.  The chart shows a very good comparison of some diverse coins.  Some you could consider a good investment and some you may not.  The principal comparison I am attempting to make is from 2005 to 2006.  I had an old concern of Coins Magazine from November 1973 so I believed I would throw those values in as nicely.

1st, let's look at the 1877 Indian Head Cent, the crucial of the series.  In a one particular year period of time, the value of the coin rose 18-19% based on situation.  The 1909 S, the coin with the lowest mintage of the entire series rose only two-3%.  Take a look at the mintages.  The 1877 had more than 2.5 occasions the coins produced than the 1909 S yet is valued a lot greater.  Part of this is demand and there are possibly much less 1877 dated cents to go around.

Next, take a close appear at the 3 Lincoln Cents in G4.  Whilst the 1909 S and 1931 S are regarded as keys just as the 1909 S VDB is, it is the 1909 S VDB that has risen in cost even though the 1909 S did not budge and the 1931 S moved ever so slightly.  It is intriguing to note although that in XF situation the 1909 S VDB stayed the same.

Compare the mintages of the five above coins to the 1879 Shield Nickel.  A mere 29,one hundred nickels were created that year yet the price for a G4 is a paltry $415

So, what does this all prove?  To me, it proves that picking coins solely for investment is as tricky as playing the stock market place.  You just never ever know what could be the hot item.  Certainly, essential troubles will continue to rise and will almost certainly rise at a greater rate than non-essential issues.  If you are really set on buying uncommon coins as an investment and you can not afford the high-end products then keys in some of the lower grades may be the way to go.

What will be the next hot coin?  Only time will tell and your guess is as good as mine.  I suspect that with far more and much more interest in Lincolns, specifically with the upcoming alterations to the Lincoln Cent <http://www.mountainviewcoins.com/Lincoln_Cents.htm>, there will be more demand for Lincoln Keys, but that is only a guess. Others to preserve an eye on are the 1932 D and S quarters.  The State Quarter plan has created far more interest in quarters.  This is just pure speculation.  As for me, I will just continue to purchase the coins I like.

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