While some people collect coins as a hobby, others do it as an investment. To make money as an investor, you need to know which coins will fetch you good money and which ones will not. Therefore, you will not spend time and money chasing coins that are likely to give back less than you invested.
The funny thing about coins is that anyone can cash in on them. You can come across a treasure of rare gold coins in your backyard without any prior anticipation. You could also have some of these highly valued coins lying around your house and not pay attention to them because you do not know their value. How do you know which coins you can sell and make good money?
Precious Coins Worth Selling
1. The 1794 Flowing Hair Silver Dollar
The Flowing Hair Silver Dollar is believed to be the first dollar that the U.S. Mint struck. The fact that the coins produced were less than 1800 coins makes it very rare and precious. It is one of the most expensive coins yet. An estimate of the cash remaining today is around 120, making the coins highly valued by gold buyers and other coin collectors.
2. The 1787 Brasher Doubloon
The Brasher Doubloon is a late 18th-century coin with a state seal and a rising sun. The reverse side of the coin has an American eagle with a shield. The most recent sale of the Brasher Doubloon went for $9.36 million. You can be sure gold buyers would be very interested in such a coin.
3. The 1787 Fugio Cent
The Fugio Cent may not fetch as much as the first two coins we mentioned, but it has an exciting story and writings on it. Rare variants of the coin may sell for tens of thousands of dollars and are easy to resell because gold buyers want this coin in their collection. If you come across a scarce variant of the Fugio Cent, do not hesitate to sell your gold and make a killing.
4. The 1943 Lincoln Head Copper Penny
There are only about 40 Lincoln Head Copper Pennies because these coins were struck by mistake, with blanks that remained in the press after discontinuation. However, fake copper coins are all over because of the ease of coating steel with copper. The best way to establish if it is copper is by using a magnet. Copper will stick to the magnet.
5. The 1913 Liberty Head V Nickel
The 1913 Liberty Head V Nickel is not so old but rare and valuable. Gold buyers will spend millions on this one because only five coins were minted in the last year of minting the coin. The coin is even in museums like the Smithsonian Institution.
Go through your coin collection to see whether you have any coins worth selling. Any American silver coin minted before 1964 is also something worth selling because the coins were made of 90% silver. You could have a treasure lying around your house, and you do not know about it.