Coin collecting is having a comeback. In today’s uncertain economic climate, many people are turning to it for investment purposes. Yet, investors should be careful. Not all coins are created equal. If you’re wondering what are the best coins to collect for investment, keep reading. In this article, we will enlist the top 20 coins to invest in. We will talk about:
- Why people collect coins.
- Which coins to choose if you want to collect the coins best for investment.
- The answers to investors’ most frequently asked questions about coin collecting.
Reasons why people collect coins
There are many reasons why people collect coins. These are the three most common answers collectors give to complete the phrase I collect coins because…:
- …I want to feel a sense of accomplishment: Collecting things provides people with a sense of accomplishment. It takes jumping through many hoops to track down rare coins. Collectors enjoy this treasure-hunting challenge. They feel satisfied when they find the best coin to collect and cross it off their list.
- …of their historical value: Many coin collectors are history buffs. They enjoy collecting coins made in specific periods of time and to commemorate important historical and cultural events. Coin collecting is a hobby that allows people to physically hold a piece of history in their hands.
- …it offers good investment opportunities: Investing in precious metals carries lower risk than other types of investments (read more about how to collect gold coins and why gold is considered a safe-haven asset here).Coins are easy to liquidate, and selling them at the right time can be extremely profitable.
Find more reasons in this awesome video:
Coins: collect them as the perfect investment asset
Coins made of precious metals are reliable investments, with a value that increases over time. To coins collect can serve as a hedge against inflation. They are a great option for those concerned with safety when investing.
Coin collecting is not only for the rich!
One of the biggest myths about coin collecting is that it is a rich person’s hobby. While coins do appeal to investors with a lot of money (check out our list of 20 rich celebrities that collect coins!), the hobby doesn’t have to involve expensive coins to collect.
Many people start collecting coins as children. There are plenty of amazing exemplars in circulation out there. All it takes is learning about numismatics - and then looking out for interesting, affordable coins to collect!
What coins should I collect for investment?
There are many interesting coins to collect out there that have great value for different reasons. These are 20 of them that are worth adding to your collection for investment purposes.
1. American Gold Eagle
- Metal: Gold
- Weight: American Gold Eagles come in four sizes: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce.
- Average cost: A 1 oz. American Gold Eagle costs over $1,900. You can get yours from BAC Exchange for $1,916.58.
- Why it is perfect for investment: As the official bullion of the U.S., American Gold Eagles are great coins to collect. They are popular and always in high demand.
2. Morgan Silver Dollar
- Metal: Silver
- Weight: 0.773 troy ounce.
- Average cost: The cost for a Morgan Silver Dollar is $37.24, as you can see on BAC Exchange.
- Why it is perfect for investment: Morgan Silver Dollars are top coins to collect because of their historical value. They were the first dollars to be minted after the demonetization of silver in the U.S.
3. Peace Dollar
- Metal: .900 fine silver, .100 fine copper.
- Weight: 0.859 troy ounce.
- Average cost: Peace Dollars, depending on their date and mintage, can fetch from $35 to thousands of dollars.
- Why it is perfect for investment: Peace Dollars are hot coins to collect because of their limited production, which makes a lot of them rare.
4. American Gold Buffalo
- Metal: Gold
- Weight: American Gold Buffalos weigh one-ounce. In 2008, however, they were also produced as ½ ounce, ¼ ounce, and 1/10 ounce.
- Average cost: The average cost of a 1 oz. coin is approximately $2000.
- Why it is perfect for investment: As one of the highest in purity 1 oz. gold coins in the market, it is one of the most valuable coins to collect.
5. $2.5 Indian Head Quarter Eagle
- Metal: Gold
- Weight: 0.1209 troy ounce.
- Average cost: A coin that goes for over $500, it will set you back $551.56 on BAC Exchange.
- Why it is perfect for investment: It is considered one of the most beautiful coins to collect in the world.
6. British Sovereign Gold
- Metal: Gold
- Weight: A full Gold Sovereign coin weighs 0.235 troy ounce.
- Average cost: The average cost of a Sovereign Gold is $483.
- Why it is perfect for investment: Gold Sovereigns make good coins to collect because of their intricate designs. Sovereigns created on jubilee years are rare and especially valuable.
7. $20 Saint-Gaudens Double Eagle
- Metal: Gold
- Weight: 0.9675 troy ounce.
- Average cost: You can get a Saint-Gaudens Double Eagle for $2,220.30 on BAC Exchange.
- Why it is perfect for investment: With a creation story involving President Theodore Roosevelt, Double Eagles are interesting coins to collect, as they have serious historical value. One of the most exciting historical facts is that the traditional inscription "In God We Trust" was excluded from the initial design of the coin. Roosevelt was ambiguous about putting the name of God on money because money is sometimes used for immoral purposes.
8. Russian Ballerina
- Metal: Palladium
- Weight: Russian Ballerina palladium coins come in two sizes: 1 troy ounce and ½ troy ounce.
- Average cost: You can get your hands on a 1 oz. Russian Ballerina coin on BAC Exchange for $1,869.44.
- Why it is perfect for investment: Russian Ballerina palladium are some of the coolest coins to collect because they offer an alternative (to the mainstream gold and silver) way to invest in precious metals.
9. Swiss Platinum Shooting Thaler
- Metal: Platinum
- Weight: 1 troy oz.
- Average cost: A Shooting Thaler costs around $1,300.
- Why it is perfect for investment: The reason why investors should include this item in their list of coins to collect is that it is an important commemorative coin. It has high historical value.
10. Australian Silver Striped Marlin
- Metal: Silver
- Weight: 1.5 oz.
- Average cost: The Australian Silver Striped Marlin costs $51.63 on BAC Exchange.
- Why it is perfect for investment: What makes this coin one of the most unique coins to collect is that it stands out due to its non-standard size. It is not usual to come across 1.5 oz. coins. This makes it extremely desirable among collectors.
11. Australian Platinum Koala
- Metal: Platinum
- Weight: Platinum Koalas come in the following sizes: 1/20 oz., 1/10 oz., ¼ oz., ½ oz., 1 oz., 2 oz., 10 oz. and 1 kg.
- Average cost: The average cost of a 1 oz. Platinum Koala is around $1200.
- Why it is perfect for investment: Platinum Koalas are some of the few platinum coins produced regularly. This makes them good modern coins to collect that provide security to your portfolio.
12. Chinese Silver Panda
- Metal: Silver
- Weight: 30 gram
- Average cost: You can get a Chinese Silver Panda for $33.11 on BAC Exchange.
- Why it is perfect for investment: Chinese Silver Pandas are some of the hottest coins to collect. They are sought after due to their beautiful design, which features pandas in many different locations.
13. Somalia Gold African Elephant
- Metal: Gold
- Weight: Gold African Elephant coins come in three sizes: 1/50 oz., 1/25 oz., 1 oz. and 5 oz.
- Average cost: On average, a Gold African Elephant will cost you $1,900.
- Why it is perfect for investment: The Gold Somalian Elephant is one of the best coins to collect now, as it is valued for its high gold content.
14. Canadian Gold Maple Leaf
- Metal: Gold
- Weight: Canadian Gold Maple Leafs come in the following weights: 1 troy ounce, 1 gram, 1⁄25 oz. and 1⁄20 oz.
- Average cost: The average price for a Canadian Gold Maple Leaf, as you will see on BAC Exchange, is $1,929.52.
- Why it is perfect for investment: What makes Gold Maple Leafs some of the most popular coins to collect in the world is that they are flawlessly-designed and with high gold purity.