Did you ever think that your favorite collection could make you a fortune ? If you had been a passionate coin collector and if you are still in posses of that collection, you might be looking at a real fortune. Numismatic coin collection is a traditional art that fascinated several generations in the past , from the day the human civilization began using what’s called ‘money’. Like every masterpiece of art, numismatic coins too can be of great value not only in a collector’s perspective, but also in terms of an investor. This is due to the fact that besides their historic value, coins bear an intrinsic value with respect to the type and amount of the metal it’s created with.
First and foremost you need to understand the definition of a numismatic coin is. An old, rare collectible coin with a known historical value can be considered as a numismatic coin. Usually , numismatic coins are produced in a smaller quantity , or to commemorate an event or an incident. A numismatic coin normally has a high price tag on it, but if it is built with gold or silver, its value is higher . Edison silver coin is an example, which was produced in 2004 to commemorate the 125th anniversary of inventing the light bulb by Thomas Alva Edison. Only 500,000 coins were allowed to be released. This coin is worth a lot such that the numismatic price is way higher than the intrinsic value of the metal it was made of. Therefore, numismatic coins have proven to be a good investment.
Peace silver dollar is one high demand numismatic coin. the coin had been minted in United States from 1921-1928 and again in 1934 and 1935 to emblem peace. The coin has a considerable historic value; not only because of its age, but also because it was the last silver dollar coin circulated in the United States. The coin has a face value of 1USD and has 90% silver content. Peace silver dollar was produced in 3 different mint versions: Philadelphia coin had no mint mark, Denver with (D) and San Francisco with (S).
If you want to invest in collectible coins, peace silver dollar is a must have silver coin in your collection. These coins are pretty rare; therefore the demand generally is higher , as investors would like to own it. On a fair valuation, a peace silver dollar in used condition could be valued around | at $135, and one in good condition may be values as high as $7900. The price changes depending on the nature of the coin , as well as the year and place it was minted. Although the coin, doesn’t worth much as a valuable metal investment, because despite the condition, the coin’s intrinsic value is roughly $25 estimated on the amount of silver contained in it . Therefore it’s more worthy in the form of a numismatic investment rather than a silver investment.
If you are planning on investing in peace silver dollar, you have to either have a precise understanding on grading coins’ value or you should get the service of a trusted and well known numismatic broker. As mentioned earlier, the value of the peace silver dollar greatly depends on its condition and the age, that if it’s not accurately valued, you would only find disappointment by paying large sum of money for a piece of metal that has almost no value in it. Therefore, we recommend that you get to know the subject of numismatic coins, before you start investing in them.
Learn more about investing in silver numismatic coins and more here