By Jeannie Lacroix
Are you a coin collector? How do coin collectors know the value of a coin they collect? Coin collecting (the collecting of coins and “minted legal tender” is a very fascinating art, and it’s history seems to date back to “Ancient Rome and Medieval Mesopotamia.” Though most collectors today collect as a hobby, many collect coins as an investment. But how do you assess the value of this investment?
Based on my limited research, it appears that the value of coins depend on a lot of different factors. The value of bullion coins vary according to rarity, condition and design and other factors, such as whether it is circulated or not (for example in the case of the American Silver Eagle bullion coin which is often marketed as “uncirculated” to increase its value). It could be as simple as the condition of the coin but it also could be historical significance, mint errors, beauty and so forth.
The value of the coin depends on its grade and often this has to be authenticated by an independent body such as the PCGS or NGC according to Wikipedia.
There are all kinds of coins on the market. Antique coins, foreign coins, exotic currency coins.Then you have all these presidential coins, like Lincoln dimes and Roosevelt dimes. Then you have Barber dimes and, of course Donald Trump coin.
Which U.S. Coins are the Best Investment
Then you have Saint-Gaudens Gold coins and coins with the Liberty design. And many others. Which ones have the bst value? How do you judge? That is a damn good question. I don’t know. But I read on marketwatch.com the following:
One of the keys to getting a solid return on your coin investment is to choose U.S. coins that are perennially popular with collectors, such as the Morgan Dollar; the Lincoln Cent (minted since 1909); the Indian Head Cent (1859-1909); the Buffalo Nickel (minted from 1913-38); the Mercury Dime (1916-45); the Washington Quarter (given a big lift in recent years by the 50 States series); the Walking Liberty Half-Dollar (1916-47); the Barber, or Liberty Head, Half Dollar (1892-1916); the Indian Head $10 Eagle (1907-33) and the St. Gaudens $20 Double Eagle (1907-33).
There are about 10 pages on coins on the e-commerce site. Which I find utterly fascinating. And apparently, this is one of the most policed sections of the Amazon websites. Sellers have to meet stringent requirements in order to qualify to sell coins on Amazon. For example, read the following:
“Sellers must meet the requirements listed below in order to be eligible to apply to sell products in the Collectible Coins Store. Please read this list of requirements and consult our Help pages if you have questions about specific policies. Meeting these requirements does not guarantee that Amazon will grant approval for selling in Collectible Coins. Amazon reserves the right to perform an audit of each seller’s products, including checking that products meet product and listing data requirements. Amazon may remove your selling privileges for failure to meet these requirements.
Sellers in the Collectible Coins Store must fulfill the following:
Membership in one of the organizations below:
o PNG – Professional Numismatist Guild
o ICTA – Industry Council for Tangible Assets
o PCGS – Professional Coin Grading Service
o NGC/PMG – Numismatic Grading Corporation/Paper Money Guarantee
70% or more of seller’s inventory must be graded by NGC, PCGS or be from the US Mint in original packaging.
If seller qualifies as a dealer of precious metals, precious stones, or jewels under 31 C.F.R. Part 1027, seller has implemented an anti-money laundering program in compliance with federal regulation 31 C.F.R. § 1027.210, and will, upon Amazon’s request, provide copies of seller’s anti-money laundering program to Amazon.”
So, does this mean you can buy coins on Amazon with confidence?
Well, it does sound like Amazon takes this aspect of their company seriously. There are a lot of cross checks and certifications and guarantees with many of the coin dealers on Amazon, it appears. Coin collectors definitely want to know that it is safe to basically buy through the mail which is essentially what you are doing when you buy coins on Amazon or any other website. With all the extra security on Amzon it sounds like it should be at least as safe as buying at an auction or in a store.
I have been told that nothing is more exciting that receiving a shipment of new coins in the mail.
Today, I would like to curate rare, collectible coins for coin collectors who are working professionals. Why working professionals? Because they are our main target customers on this website and we like to help them streamline their online shopping by scoping out the Internet for them.
Amazon has a bunch of ancient coins worth considering if you are a coin collector. Some of these coins come with a certificate of authenticity and lifetime guarantee of authenticity and historical information about the coin.
This coin is valued at $58,198.80. It comes with a bunch of guarantees and appears to ship internationally. Note that I have not personally authenticated any of these coins and this post is NOT intended to “recommend” them or make any guarantees about them. I only present them to you and you can take any further decisions you wish. There is additional description below from Amazon Description box:
“Omer cup Year 4 (date) in Hebrew above, ‘Shekel of Israel’ (in Hebrew) around Sprig of three pomegranates ‘Jerusalem the holy‘ in Hebrew around.
Year 4 shekels are decidedly rarer than those of Years 1-3, reflecting the deteriorating military and political situation of the Judean rebels. While surviving shekels of each of the first three years number in the hundreds, fewer than 50 survive for Year 4. The Jewish forces, increasingly confined to the environs of Jerusalem, were suffering severe shortages of everything from precious metals to foodstuffs, meaning there was far less silver available to strike coins, and very little in the way of goods for them to be spent buying. The dies used for striking coins also show signs of haste in preparation.” BUY ON AMAZON
This is the product description from Amazon: “LION Big Five Mauquoy 5 Oz Gold Coin 10000 Francs Ivory Coast 2016 – This marvelous 5 Oz Gold coin is the first release in the “Big Five” series and features a beautiful close up of a Lion, the number one apex predator. The coin has an enormous high relief design, has an Antique Finish quality and comes packed in a beautiful luxury wooden case, along with the Certificate of Authenticity. Limited mintage of 99 pieces worldwide.” BUY ON AMAZON
Description from Amazon “Gold American Eagles are the ideal mixture of American history and nostalgia with modern Gold bullion investment value, making them valuable to both collectors and investors as well.” BUY ON AMAZON
2020 500-Coin Silver American Eagle Monster Box (Sealed) Brilliant Uncirculated
“The Silver Eagle is the most popular bullion coin in the world. This stunning Silver bullion coin is a valued investment for its 1 oz metal content beautiful patriotic design and government guarantee. “
Jeannie Lacroix is an Amazon affiliate. We thank you in advance for your support when you shop from our links. Note that nothing in this article is intended to recommend any particular coin or dealer, or to suggest expertise on the subject of coins or/and bullion products.