5 obsolete rare US coins to collect for profit is an article that will go over the five best coins to purchase as an investment. The market is up all around so most coins will always bring some sort of appreciation over time simply because they are all limited commodity items. Never again will the mint strike more of these coins and the collector base is increasing daily.
Customers are flooding into the obsolete coin market at such a rate that recently common coins are now becoming harder to find. Strikes that are usually easily bought on eBay and other auction sites are becoming farther and farther between. This shortage is resulting in some exceptionally large price increases and the coins below can help you to get on board with some profit when investing in United States obsolete rare coins.
The first coin I'm suggesting is an easy coin to find. They were made in pretty good quantity, but they are slowly becoming harder and harder to get. The series is the Indian Head cent coins of the United States. Specifically the key dates of the series. We're looking for early dates in high grade. Preferably any coin purchased for investment should be authenticated and graded by a third party grading service like PCGS or NGC, these are two of the best services out there and they are well respected in the numismatic community.
The second recommendation would be any draped bust large cent. This is because they are still available for a reasonable price and are going to soar very shortly because of the mintage numbers and the increasing collector base exhausting the supply. Getting in on this early United States series is a limited time offer as the prices will soon shoot out of the reach of most of us.
Third I would recommend buying any coin from the United States you can get with a date from the 1700's. This run is only 7 years from the inception of the US Mint in 1793 until the turn of the century.
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Fourth would be silver dollars. Any silver dollars from the United States have the potential to return a profit over time. I recommend buying the highest graded example we can afford as the cream of the crop rules in dollar coins. Stick to uncirculated coins when possible and get them certified as this increases their value immediately as well as protecting the coin from any damage.
Fifth and possibly the best candidate to increase in value quickly, is the United States copper half cent. Very low mintage numbers and still available are two reasons that this coin is a buy. I've seen a drop in appearances for half cents by about 50 percent over the past three or four years and the disappearance is continuing. Soon this is going to be one of the highest priced series in all US coins.
Collecting US coins from the US Mint has always been a huge hobby with an even larger following. Now the invention we all use for commerce is the world wide web. This new era of communication has brought so many new customers to the rare coin market that they have directly raised prices across the board. This trend is nothing that's expected to subside soon.
When you take a limited quantity of anything and show it to too many people that want it, the only possible result is a huge increase in prices. This has begun already and will continue at a rampage pace into the next decade.
5 obsolete rare US coins to collect for profit is a good place to start. A great hobby at the least, a huge financial windfall? Possibly. A great look into the history of a country's commerce and how money influenced life. Numismatics is an interesting subject that can tell a lot more about the history of a country then meets the eye.