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Benefits of collecting rare US coins
1. Rare coins can act to preserve wealth, for instance, as a hedge against the impact of inflation, particularly in countries whose paper currency is in decline. When the value of fiat currency is threatened, collectible coins can protect wealth much like how an investment in gold bullion acts.
2. Further to the 'stored value' Advantage noted above, there is the potential for wealth growth over time. Like most other hard assets, for instance: sterling silver antiques; sporting memorabilia; vintage guitars and amplifiers; classic and vintage cars; military and railroad historic artifacts; travel souvenirs; action figures; model trains, and other collectibles, the value of rare US coins appreciates with time.
3. Collectible coins are an easy to liquidate asset. There is an active market for trading coins. This means two things. Collectible US coins are simple to buy and conversely easy to sell. This can be achieved via convential coin dealers or in a more self directed manner using the internet, for example eBay.
4. Coins are ideal for the small investor or hobby collectors. Why? A collector or investor can acquire coins in smaller quantities when cash are available.
5. Other advantages include the satisfaction the collector can experience with owning rare or collectible, like other works of art. Rare coins are also a very private form of investment, and not subject to government scrutiny more common with other types of investment assets.
6. Rare coins are stored easily and with appropriate storage, do not erode. These kind of assets are insurable. Collectible coins represent truly portable wealth transportable very quickly and easily.
1991 penny missing number - rare coins purchased during the past seven days.