Sun 19 Aug 2012
Coin collectors and dealers collect metallic money that is rare, old, unique and which has historical significance. The rare ones are collected by historians and artisans because they can find more information like geography, artistry, philosophy and the culture to which the buck belonged. Historians can analyze them by looking at them. Artisans are interested in finding out about their uniqueness, design and beauty.
The value of the rare ones is always higher, especially if the demand is high. If they are scarce in circulation, the demand is high which in turns raises the value, but abundance of the same in the market, means a lower value. In ancient times, kings and Aristocrats produced coins with their faces printed on them to leave a legacy in history. The collectors weren’t able to judge the face value of the same.
Grading coins is determined by their condition, uniqueness, demand and material used to make it. The rare metallic money in good condition is graded well and valued at high price. Gold and Silver ones are expensive and priced at very high price than the melt value. Quality plays a vital role in determining the price. Metallic money is designed differently and this adds value and demand.
Saint -Gaudens Double Eagle is the most beautiful one in the world and has high value and demand. Metallic money with minimal wear and tear compared with the mint mark date will fetch more. The quality of the same is an assurance to certify your investment. This guarantees you proper pricing which is always higher than the face value. Try collecting the rare ones and you will enjoy the returns.