If you own a good collection of historical coins, there's a chance that you might earn a fortune with it. This is because most investors are interested in investing on numismatic coins. Numismatic coin collection has been considered a hobby from the day people started using money. It's not only a hobby also a traditional art. Depending on the age and condition of a coin it has a numismatic value. A coin's intrinsic value is determined by the type and amount of metal present in it. Because of this, numismatic coins are of high value to both collectors and investors.
It's important to know the clear distinction between a numismatic coin and a bullion coin in terms of investment. A numismatic coin usually has 3 layers of cost involved - metal content, numismatic premium - which is the value addition brought by the history and age of the coin and the dealer's profit; whereas a bullion coin has only 2 cost portions - metal value and dealer's profit.
If you are into investing in numismatic coins, you could start with 1885 Morgan Silver Dollar coin. The coin was named as a credit to its designer - George T. Morgan. Morgan Silver Dollar coin was made during the period 1878 - 1904, and once more in 1921. In some of these years, there had been low production of the coins, making them rare and extremely valuable.
1885 Morgan Silver Dollar coin is estimated to be valued around $35 a minimum, while a coin in extremely good condition can go as high as $200. The monetary value of this coin is 1USD, but if melted its intrinsic value is around $27, as its silver composition is around 90%. There had been a total of 17,787,000 1885 Morgan Silver Dollar coins produced, out of which 930 were minted as proof. This limited collection of minted coins is worth around $3,100 each.
The importance of the 1885 Morgan Silver Dollar is that it has both an intrinsic value and a numismatic value. A melted Morgan silver dollar will make you $27. Even if the silver market is down, it will still have a significant numismatic value, hence would be a good investment for a numismatic coin collector. For example, 'CC' minted 1885 Morgan Silver Dollar is a rare collector item, because they were produced in less quantity. If you have such a coin, even if its silver value is low, its age and scarcity will earn you a good fortune, and would be good as a long term investment.
It's important to know the clear distinction between a numismatic coin and a bullion coin in terms of investment. A numismatic coin usually has 3 layers of cost involved - metal content, numismatic premium - which is the value addition brought by the history and age of the coin and the dealer's profit; whereas a bullion coin has only 2 cost portions - metal value and dealer's profit.
If you are into investing in numismatic coins, you could start with 1885 Morgan Silver Dollar coin. The coin was named as a credit to its designer - George T. Morgan. Morgan Silver Dollar coin was made during the period 1878 - 1904, and once more in 1921. In some of these years, there had been low production of the coins, making them rare and extremely valuable.
1885 Morgan Silver Dollar coin is estimated to be valued around $35 a minimum, while a coin in extremely good condition can go as high as $200. The monetary value of this coin is 1USD, but if melted its intrinsic value is around $27, as its silver composition is around 90%. There had been a total of 17,787,000 1885 Morgan Silver Dollar coins produced, out of which 930 were minted as proof. This limited collection of minted coins is worth around $3,100 each.
The importance of the 1885 Morgan Silver Dollar is that it has both an intrinsic value and a numismatic value. A melted Morgan silver dollar will make you $27. Even if the silver market is down, it will still have a significant numismatic value, hence would be a good investment for a numismatic coin collector. For example, 'CC' minted 1885 Morgan Silver Dollar is a rare collector item, because they were produced in less quantity. If you have such a coin, even if its silver value is low, its age and scarcity will earn you a good fortune, and would be good as a long term investment.
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To learn more about the 1885 Morgan Silver Dollar, its prices and where to find the best dealer, visit their official website
