Whether you are just starting the hobby or have collected coins for many decades, we all dream of adding one rare coin to our collection.
For most of us rare coin collecting is just that...
a dream, but it is fun to dream.
Perhaps you are one of those few collectors that will pursue collecting rare coins, if so, then read more about this fascinating specialty.
Rare coin collecting is a specialty for three primary reasons, 1) time, 2) money, and 3) knowledge.
If you decide to pursue rare coin collecting you must be committed to the activity which takes a considerable amount of time.
It is not a full time job, unless you want it to be, but it does require that a significant amount of your free time is dedicated to the tasks involved in buying and selling rare coins.
Investing in rare coins takes money.
We are not talking about a few pennies stuck in a coin board, we are talking significant dollars.
Unless you have the personal resources for this type of investment, you will need to find partners willing and able to support these activities.
And lastly, rare coin collecting requires a significant amount of knowledge.
This is a big stakes game and you need to be an informed participant.
Developing this knowledge takes additional time and contacts.
For those that are willing and able to meet these requirements investing in rare coins can be an exciting and profitable venture.
Coins have long been considered works of art, and the more rare a coin the more valued it is perceived.
Coins also present the history of a nation, and the designs and engravings represent a small part of that history.
Besides the beauty and historical significance a rare coin may possess, collectors motives for investing in these coins are generally profit motivated.
The rare coin market in the U.
S.
increased dramatically in recent years, and as cited by U.
S.
Rare Coin Market, a coin valued at $1,000 in the 1970's would be worth $57,977 today.
Whether or not prices continue to escalate is anyone's guess, but what is certain is that these coins will continue to be rare.
For this reason, rare coin collectors can speculate on the price of these coins and perhaps reap monetary gain.
While the odds are against us in finding buried treasure on vacation, or a buffalo head nickel in our grandparent's attic, we can fulfill our dreams of adding a rare coin to our collection with the right amount of time, money, and knowledge.
Among coin collectors, rare coin collecting is a specialty that only a few enjoy...
but it is something all of us dream about.
Coin collecting is gaining in popularity, and is a great pastime for both young and old.