Make a Fortune with Rare Coins
June 8, 2010 - Right now, gold coins are extremely popular, and if you own rare coins, you are likely to make a fortune out of them. This might hold true for those who are lucky enough to have inherited collections. Dubbed “hot commodities” currently, many people are keen on offering their family heirlooms for sale. Experts advise that such individuals should proceed with the help of a professional who has experience with rare coins.
According to Tom Hyland, Chairman of the Garden State Numismatic Association, the best way to go about selling gold coins, especially rare coins, is to get at least three or four dealers to evaluate them. If all of them come up with a similar value, then you’re probably getting what your rare coins are worth.
In the opinion of Tony Brace of Global Gold Group, rare coins are an excellent choice for investors looking for high returns. At a recent German auction hosted by Teutoburger-Muenzauktion, a particularly rare coin originally valued at $41,856.50 was bid at $47,836. These rare coins dated back to 1832 and belonged to Phillip von Ferrary, who passed them on to coin collector King Farouk, a one-time owner of the 1913 Olsen Liberty Nickel. Another rare coin made of gold, dating back to the Siege of Danzig and depicting two lions and Jesus Christ, was bid at $19,732.35, even though it was valued at $11,959!
Closer home, Mark Fitzgerald from Maine carried two rare coins to a Treasure Hunters Roadshow in Freeport and was pleasantly surprised to know they were worth hundreds of dollars, according to MPBN. Clearly, this is the time for rare coin owners capitalize on gold.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
