Ever thought that your teenage life hobby could earn you a fortune? If you had been a passionate coin collector and if you are still in posses of that collection, you might be looking at a real fortune. Numismatic coin collection is a traditional art that fascinated several generations in the history, ever since the human civilization started consuming what's called 'money'. Like every masterpiece of art, numismatic coins too can be of immense value not only in a collector's perspective, but also in terms of an investor. This is because apart from their historic value, coins do have an intrinsic value based on the type and amount of the metal it's built with.
It's important to know the clear distinction between a numismatic coin and a bullion coin in terms of investment. A numismatic coin usually has 3 layers of cost involved - metal content, numismatic premium - which is the value addition brought by the history and age of the coin and the dealer's profit; whereas a bullion coin has only 2 cost portions - metal value and dealer's profit.
If you are interested in investing in numismatic coins, 1885 Morgan Silver Dollar is considered a masterpiece in the field. Morgan Silver Dollar coin was made as early as in 1878 - 1904, and again in 1921, but coins from some years are very rare to be found, making them valuable collector items. The coin has been named after its designer - George T. Morgan.
1885 Morgan Silver Dollar coin in normal condition is valued around $35, and a coin in very good condition can be priced for even $200. Face value of the coin is 1USD, but it has an intrinsic value of $27 (depending on the price of silver), as it contains about 90% of silver. A total of 17,787,000 1885 Morgan Silver Dollar coins had been produced in above mentioned years, with 930 of them were minted proof coins. The minted silver coins are more expensive than the un-minted silver coins; a single minted silver coin is priced around $3,100.
The interesting fact about the 1885 Morgan Silver Dollar is that it has a significant intrinsic value, as well as a numismatic value. If you melt it, you get around $27. Even if the silver prices go down, it's still a worthy long term investment because you still can sell it to a numismatic coin collector, as it's a good collector's item. For example, 1885 Morgan Silver Dollar with 'CC' mint is a very rare collector item, because its production was low. If you invest in such a coin, even if its silver content would not make you a good fortune, its age and scarcity will.
It's important to know the clear distinction between a numismatic coin and a bullion coin in terms of investment. A numismatic coin usually has 3 layers of cost involved - metal content, numismatic premium - which is the value addition brought by the history and age of the coin and the dealer's profit; whereas a bullion coin has only 2 cost portions - metal value and dealer's profit.
If you are interested in investing in numismatic coins, 1885 Morgan Silver Dollar is considered a masterpiece in the field. Morgan Silver Dollar coin was made as early as in 1878 - 1904, and again in 1921, but coins from some years are very rare to be found, making them valuable collector items. The coin has been named after its designer - George T. Morgan.
1885 Morgan Silver Dollar coin in normal condition is valued around $35, and a coin in very good condition can be priced for even $200. Face value of the coin is 1USD, but it has an intrinsic value of $27 (depending on the price of silver), as it contains about 90% of silver. A total of 17,787,000 1885 Morgan Silver Dollar coins had been produced in above mentioned years, with 930 of them were minted proof coins. The minted silver coins are more expensive than the un-minted silver coins; a single minted silver coin is priced around $3,100.
The interesting fact about the 1885 Morgan Silver Dollar is that it has a significant intrinsic value, as well as a numismatic value. If you melt it, you get around $27. Even if the silver prices go down, it's still a worthy long term investment because you still can sell it to a numismatic coin collector, as it's a good collector's item. For example, 1885 Morgan Silver Dollar with 'CC' mint is a very rare collector item, because its production was low. If you invest in such a coin, even if its silver content would not make you a good fortune, its age and scarcity will.
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