If you own a good collection of historical coins, there's a chance that you might earn a fortune with it. This is because most investors are interested in investing on numismatic coins. Numismatic coin collection has been considered a hobby from the day people started using money. It's not only a hobby also a traditional art. Depending on the age and condition of a coin it has a numismatic value. A coin's intrinsic value is determined by the type and amount of metal present in it. Because of this, numismatic coins are of high value to both collectors and investors.
There is a significant difference between a numismatic coin and a bullion coin, when you think in terms of investments. There are 3 parts to the cost to a numismatic coin - cost of metal, numismatic premium - the value addition given by the age and condition of the coin and the dealer's profit; a bullion coin, on the other hand has only 2 cost portions - cost of metal and dealer's profit.
If you are interested in investing in numismatic coins, 1885 Morgan Silver Dollar is considered a masterpiece in the field. Morgan Silver Dollar coin was made as early as in 1878 - 1904, and again in 1921, but coins from some years are very rare to be found, making them valuable collector items. The coin has been named after its designer - George T. Morgan.
1885 Morgan Silver Dollar coin in average condition is estimated around $35, while a coin in extremely good condition can be sold for even $200. The coin has a face value of 1USD, but its intrinsic value is around $27, as it contains about 90% of silver in it. A total of 17,787,000 1885 Morgan Silver Dollar coins had been produced, out of which 930 were minted as proof. Hence the minted silver coins are more valuable than their un-minted counterparts; a single minted coin is valued around $3,100.
The importance of the 1885 Morgan Silver Dollar is that it has both an intrinsic value and a numismatic value. A melted Morgan silver dollar will make you $27. Even if the silver market is down, it will still have a significant numismatic value, hence would be a good investment for a numismatic coin collector. For example, 'CC' minted 1885 Morgan Silver Dollar is a rare collector item, because they were produced in less quantity. If you have such a coin, even if its silver value is low, its age and scarcity will earn you a good fortune, and would be good as a long term investment.
There is a significant difference between a numismatic coin and a bullion coin, when you think in terms of investments. There are 3 parts to the cost to a numismatic coin - cost of metal, numismatic premium - the value addition given by the age and condition of the coin and the dealer's profit; a bullion coin, on the other hand has only 2 cost portions - cost of metal and dealer's profit.
If you are interested in investing in numismatic coins, 1885 Morgan Silver Dollar is considered a masterpiece in the field. Morgan Silver Dollar coin was made as early as in 1878 - 1904, and again in 1921, but coins from some years are very rare to be found, making them valuable collector items. The coin has been named after its designer - George T. Morgan.
1885 Morgan Silver Dollar coin in average condition is estimated around $35, while a coin in extremely good condition can be sold for even $200. The coin has a face value of 1USD, but its intrinsic value is around $27, as it contains about 90% of silver in it. A total of 17,787,000 1885 Morgan Silver Dollar coins had been produced, out of which 930 were minted as proof. Hence the minted silver coins are more valuable than their un-minted counterparts; a single minted coin is valued around $3,100.
The importance of the 1885 Morgan Silver Dollar is that it has both an intrinsic value and a numismatic value. A melted Morgan silver dollar will make you $27. Even if the silver market is down, it will still have a significant numismatic value, hence would be a good investment for a numismatic coin collector. For example, 'CC' minted 1885 Morgan Silver Dollar is a rare collector item, because they were produced in less quantity. If you have such a coin, even if its silver value is low, its age and scarcity will earn you a good fortune, and would be good as a long term investment.
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