Coin Collecting Strategies: 7 Ways to Improve Your Coin Collection
Someone recently asked me a question that I thought was interesting and that merited a detailed response. To paraphrase this question, they basically asked me this: can you tell me some ways that I can improve my coin collection while spending little or no money?
Are there any actual ways that you can make your coin collection better without dropping a lot of coin (bad pun intended)? I believe that there are and here are a few that came to mind:
1. Bring Out Your Dead. Every collector has them. Duds. Bad deals. Low-end duplicates. You know what I’m talking about: the Dead Zone of your coin collection. These coins may represent more value than you realize. As an example, I recently had a relatively expensive double eagle in stock that a collector wanted for his set but he had no extra money at the time. I had him send me a list of the dead coins he owned; bullion, generic Saints, Morgan dollar rolls, etc. The
Historic 1794 Starred Reverse Cent Featured in Stack s Bowers March Las Vegas Auction
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Exploring The West Point Mint Quarters Of The 70 s - Coin Community Forum
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The Curious Case of the 1855-C Gold Dollar
I can’t think of a single branch mint gold coin that has performed as poorly from a price perspective as the
1855-C gold dollar. Back around 2005 through 2008, these routinely traded in AU55 for $10,000-12,000 USD. Today, certain pieces in AU55 holders now bring only $5,000-5,500.
1855-C $1.00 PCGS AU55 CAC. Images courtesy
Douglas Winter Numismatics (DWN) unless otherwise noted
Why did this important one-year type coin drop so much in value? The answer is not as cut-and-dry as it might seem.
Before I answer this question, let’s take a quick look at the background of the 1855-C gold dollar.