6 Rare Coins: Collecting rare coins is not just a hobby; it’s an investment opportunity that can pay off significantly if you know which coins to watch for. As we enter 2024, certain rare coins are expected to increase in value due to market conditions and a rising interest in gold and silver. Here’s a guide to six rare coins that could see a spike in value in the upcoming months. If you’re a collector or just looking to invest, these coins might be worth keeping an eye on.
6 Rare Coins That Will Spike in Value in 2024
| Coin Name | Year Range | Current Value Range | Notable Features |
|---|---|---|---|
| Early $5 (Half Eagle) Gold Pieces | 1795 to early 1800s | $15,000 to over $1 million | 1798 and 1795 varieties with small eagle reverse. |
| Type II and III Liberty Head Double Eagles | 1866 to 1907 | $3,900 for MS-63 grade | Considerably rarer in mint condition than some other gold coins. |
| ‘Scare-Date’ Morgan and Peace Silver Dollars | 1886, 1928 | Around $1,000 for MS-63 grade | High precious metal content and consistent demand. |
| Mercury Dimes from the 1940s | 1940s | Up to $200 for MS-67 with full bands | Fun to assemble partial sets, rare in top grades. |
| 1909-S Lincoln Cent | 1909 | $200+ for Extremely Fine or better | Scarcer versions in MS-63 can sell for higher. |
| Franklin Half Dollar | 1948-1963 | Five figures for MS-66 or higher | Error versions command higher premiums. |
Detailed Overview of Rare Coins
Early $5 (Half Eagle) Gold Pieces
The $5 gold half eagle is among the earliest gold coins produced in the U.S., with minting starting in 1795. The versions from 1795 and 1798, featuring a small eagle on the reverse, are highly sought after. Lightly circulated versions can start at $15,000 but can reach seven figures if in pristine condition.
Type II and III Liberty Head Double Eagles
These $20 gold coins from the late 1800s are in high demand, especially in Mint State grades (MS-60 through MS-63). A Type III Liberty Head double eagle from 1889, graded MS-63, is currently valued around $3,900. The coins are rarer in mint condition, making them valuable for collectors.
‘Scare-Date’ Morgan and Peace Silver Dollars
Morgan silver dollars, like the 1886-S, and Peace dollars, such as the 1928 version, remain popular due to their history and silver content. MS-63 versions of these coins can cost about $1,000 and are often in demand, especially as the dollar weakens.
Mercury Dimes from the 1940s
Mercury dimes are a favorite among collectors due to their attractive design. Dimes graded MS-67 with full bands are particularly valuable, sometimes selling for up to $200 each. Assembling sets of these coins can be a fun project with the potential for financial reward.
1909-S Lincoln Cent
The 1909-S Lincoln cent, especially those in better condition, can be a lucrative investment. A well-preserved piece graded Extremely Fine or better is worth around $200, while a mint-condition coin can sell for much more.
Franklin Half Dollar
While the Franklin Half Dollar series does not contain major rarities, coins graded MS-66 or higher can reach into the five-figure range. Error versions with missing details are particularly prized, making these coins a potential treasure trove for keen-eyed collectors.
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FAQs
Why are rare coins expected to rise in value in 2024?
Economic conditions and fluctuations in gold and silver prices are expected to create a surge in both buying and selling interest, leading to increased value for certain rare coins.
What makes the 1798 Half Eagle gold coin so valuable?
The 1798 Half Eagle with the small eagle reverse is in high demand due to its rarity and historical significance, making it a prized piece among collectors.
Are Type II Liberty Head Double Eagles a good investment?
Yes, these coins are rare in mint condition and often maintain or increase their value over time, making them a solid investment choice for collectors.
How can I determine the grade of my rare coin?
Coin grading services like PCGS and NGC can professionally grade your coin, giving it a standardized grade that helps determine its market value.
Is it difficult to find 1909-S Lincoln Cents in good condition?
Yes, it can be challenging. While coins in extremely fine condition can fetch around $200, those in mint state are much rarer and can sell for considerably more.