As a seasoned expert in the world of coin collecting, I have witnessed the passion and dedication that collectors have for their hobby. From silver and gold American Eagles to rare and historic coins, there is a vast array of options for collectors to choose from. However, with so many coins out there, it can be overwhelming to know where to start. That's why I have compiled a comprehensive list of the top 10 coins that every collector should know about.
The American Silver and Gold Eagles
It's no surprise that the American Silver and Gold Eagles are at the top of this list.These coins are highly coveted by private collectors, especially in English-speaking countries. Despite being relatively young (only around 40 years old), these coins hold significant historical value and are considered a representation of the European Middle Ages. The American Gold Buffalo, in particular, holds a special place in history as the first 24-carat gold coin manufactured by the United States Mint.
Start with What Interests You
When it comes to building a valuable coin collection, the most important thing is to choose coins that interest you. Whether it's a specific time period, country, or theme, starting with what you are passionate about will make your collection more meaningful. It's also important to note that the condition of a coin can greatly affect its value.For example, a coin with wear and tear but a marked edge will be classified as "Fine Detail" and will have a lower price than a pristine coin. So don't be discouraged if you come across a coin that may not be in perfect condition – it can still hold value and add character to your collection.
The Royal Mint's Collector's Albums
If you're just starting out as a collector, the Royal Mint's range of collector's albums is an excellent resource. These albums allow you to group your coins by year or theme, making it easier to organize and display your collection.The 1933 Double Eagle
Considered one of the most valuable and sought after coins in the world, the 1933 Double Eagle holds a special place in the hearts of collectors. Despite government orders to melt all coins of this type that were in private hands, one copy remains in the possession of a private collector.This rarity makes it a highly coveted piece among collectors.
The Sheldon Scale
When it comes to grading coins, the Sheldon Scale is the standard used by most collectors and dealers. This scale rates coins on a 70-point scale, with 70 being considered in mint condition and poor being the lowest rating. The scale also includes descriptive steps in between, making it easier to determine the condition and value of a coin.The Austrian Silver Philharmonic
Known for its exquisite design and featuring the renowned Vienna Philharmonic Orchestra, the Austrian Silver Philharmonic is a popular choice among collectors. These coins are made from pure silver and are considered legal tender in Austria.The Online Market for Rare Coins
In today's digital age, buying coins online has become increasingly popular.This is especially true for rare coins that may be difficult to find buyers for in traditional markets. The online market allows collectors to reach potential buyers from all over the world, making it easier to sell rare and valuable coins.
The 1943 Bronze Cent
In 1943, due to a shortage of copper during World War II, the United States Mint produced bronze cents instead of the usual copper ones. However, some bronze plates from the previous year's production remained in the mint presses, resulting in a small number of coins dated 1943. These coins are highly sought after by collectors and hold a special place in history as a unique and rare piece.The 1792 Birch Cent
Considered the first official coin of the United States, the 1792 Birch Cent is a must-have for any serious collector. This rare coin symbolizes an era of historic importance and is highly valued among collectors.The State Quarters Program
For collectors who are just starting out, the State Quarters Program is a great way to expand your collection.This program, which ran from 1999 to 2008, featured a new design on the back of each quarter to represent each state. These coins are still relatively easy to find and can add diversity to any collection.
