It might be time to scrutinize a little closer the coins in your pocket — they could very well fetch you more than what meets the eye. Even though hundreds of thousands are swapped every day at face value, there is still a small percentage that goes up in price due to its attributes.
In most cases, the increase in the price of some coins is due to mistakes made in the minting process, while in some other cases, the coins have been out of circulation for years. Below we are sharing five such coins, whose value may increase by the end of the year 2024.
According to a report by GoBankingRates, these coins may increase in value before the end of 2024 due to the demand of their growing numismatic fans.
$5 Gold Half Eagle
NGC Coins, an expert on coins, gives a short history of the $5 Gold Half Eagle and says in 1795 it was minted for the first time while these were also America’s first gold coin ever. The minimum bid for the coin is $15,000 no matter how bad of quality it’s in with maximum bids possibly reaching into seven figures. Currently, the most popular coin is that of 1798 and you’ll probably not find this in circulation, rather get it from a seller.
During the Great Depression, President Franklin Roosevelt began melting down many of these coins to increase his gold reserves, making them attractive to collectors. On APIMEX, an online seller of rare metals, some of these coins are listed for less than $800, as they have some defects that reduce their overall price.
Double Eagle 1933
The 1933 Saint-Gaudens Double Eagle is one of the rarest and most valuable U.S. coins today, as it is one of the few gold coins still in circulation. In 2021, one of these coins sold at auction for nearly $19 million, making it the most expensive coin in the world.
1943 Bronze Penny
The Mint had discontinued the use of bronze in pennies to preserve material for the war effort, making the 1943 Lincoln bronze cent “the most famous mistake in American numismatics.” One example sold at auction for $1.7 million in 2018. PCGS explained that the mistake occurred in 1942 when leftover bronze planchets were incorrectly marked with a 1943 stamp.
1909-S VDB Lincoln Cent
Issued in 1909, the first year of the Lincoln Cent is extremely valuable, thanks to its deep red hue and low mintage. This coin was designed by Victor David Brenner and features the initials VDB, which are a key distinguishing feature of this coin. The most expensive coin sold for $60,000 and is one of the most difficult to find.
1940 Mercury Dime, Mint State Grade-67
Read More: Rare Dimes: Discover Hidden Gems in Your Coin Collection
According to Altier Rare Coins, Mercury dimes, especially those graded in Mint State-67 and with full bands, are gaining in value due to increased demand because of their rarity. The Florida-based rare coin dealer recommends this coin for those who want to invest in the market. “These coins have shown consistent price appreciation, making them an attractive investment for the future,” ARC argued.
FQA
Why does a coin’s value rise?
Color, historical importance, and market demand can increase the value of rare coins. The more limited-mintage and rarer coins will appreciate years always before the cyclical increase of much later mass-issued generic bullion.
Top US currency going higher?
High-value coins such as the 1909-S VDB Lincoln cent, 1933 Saint-Gaudens double eagle, and rare Bicentennial quarters have long stood out for their rarity while capturing our shared past.
How Will I Know If My Currencies Are On Their Way Up To A 2024 Rerun?
The long-term value is determined by rarity, condition (PCGS or NGC graded), market trends, and collector demand for the series.
Modern coins: are they also rising in value?
Some modern coins, including mistake coins or limited edition mintings, can appreciate in value, especially among collectors who seek unique or high-quality coins.
Sell or exchange valuable coins for the best return where?
Auctions, trusted coin dealers, and eBay are good places to sell precious coins. To get the greatest deal, get an appraisal and consult specialists.
