Wednesday, April 12, 2017
The Benefits of Collecting Coins
An online retailer that was established in 1998, American Mint offers a range of collectibles, including commemorative and rare coins, decorative knives, and medals, to customers all over the world. Working from its base in Mechanicsburg, Pennsylvania, American Mint dedicates itself to ensuring the authenticity and quality of its products. There are numerous benefits to collecting coins.
1. Making Money. Some of the rarest coins in the United States retail for values exceeding $1 million, such as the 1913 Liberty Head V Nickel, which is worth almost $4.5 million. While you may not find coins that reach these values, it is possible to make money from coin collecting if you know what you’re looking for and strike lucky by buying coins below their market value.
2. Education. All coins have histories and many collectors find great joy in exploring the stories behind their collections. By studying the backgrounds of your coins, you will often new things about people, places, and culture.
3. Metal Value. Some common coins carry value due to the metal used in their creation. For example, many American coins that were minted prior to 1965 were made with up to 90 percent silver. In some cases, these metals lend the coin more value to scrap and precious metal retailers.