2 weeks Ago By GOBankingRates
It always helps to have a little bit of coin around — whether that be commonplace coins you keep in your purse for everyday usage, “coin” as in general money or even, in some special cases, rare coins that you might be able to sell. For those who have retired or are looking to do so in the near future, having the ability to sell a rare coin might only you’ll need to pay bills and enjoy life after hanging up your work. In 2024, there are some great opportunities to sell rare coins which could help bolster your retirement account for the coming years.
While they may not be able to entirely fund your gold years, if you are looking to boost your retirement via this route, . Earning passive income doesn't need to be difficult. “Only 11 of these dollars were struck at the San Francisco Mint, likely to commemorate the laying of the cornerstone of the new mint building,” Chris Yang, co-founder of , said.
He noted that today, only nine are accounted for. “Its rarity is compounded by its excellent state of preservation, as most examples are in higher grades. This combination of rarity and quality pushes its value into the millions,” Yang said.
Yang called the 1894-S Barber Dime “a numismatic holy grail.” According to Yang, only 24 were minted, and fewer than 10 are known to exist today. “Its rarity stems from a peculiar minting decision at the San Francisco Mint, where the superintendent allegedly had a handful struck for banker friends,” Yang said.
“In recent years, specimens have sold for millions of dollars. The mystique surrounding its origin adds to its allure and value,” Yang added. “This $20 gold piece was never officially released for circulation due to President Roosevelt’s order to recall gold coins,” Yang said.
“Most were melted down, but a handful escaped. For decades, owning one was illegal until a single coin was monetized and sold at auction for $7.6 million in 2002.
Its legal history and gold content contribute to its immense value.” There are older coins that can always fetch a nice sales price, but Michael Fuljenz, president of , stated that there is an opportunity to make some real money out there with coins that are a little more modern, such as Olympic dollar mirror-like cameo coins from the early 1980s. Fuljenz noted that if you are in the market to sell one of these mirror-proof gold coins, to try and put a $1 from 1983 or 1984 on the market because there are lots of buyers out there.
The cameo proof was the chance for the U.S. Mint chief engravers to show what they could do with a coin, giving it white “frosted” devices along the stars, lettering and eagle, details that Fuljenz described as “so deep you could shave in it, but don’t.
” These coins are valuable and could fetch a nice sales price any year depending on their condition, as well as several other factors. With that in mind, it’s important to note that if you are looking to buy or sell rare coins, always do your research. What’s paramount is authentication because there can be lots of forgeries on the rare coin market.
Make sure you have ample insurance to back up your coins and keep them securely stored until it’s time to sell them. In addition, keep an eye on the market depending on the year since values can fluctuate and conditions can change on a dime, literally. This article originally appeared on :.
