When it comes to collecting coins and pricing coins, many people question should they collect pennies and if they have any value. Well yes, pennies do depending on when they were made and with what. Hopefully you will learn a bit about rare pennies and if you should or should not start collecting coins from this article.
Amassing coins is no longer just for collectors. Given the continued down state of the economy investors are collecting coins, and even rare pennies for financial gain, and many investors turn to gold and silver bullion coins for financial protection. This is because bullion coins are used as a safe haven against high inflation and other ills caused by a sluggish economy. Still, many are seeing what coin collectors have always known, that collecting rare coins and rare pennies can be quite a lucrative venture.
With the state of the economy the way that it is, people are looking at all coins possible, even pennies. Hoarding pennies is becoming a huge trend among those that know what to look for and what will make a nice profit. To do this though, one must be very knowledgeable on what is what.
As far as the American Open Currency says, pennies have three important factors to them. First off pennies that are made with particular metals are worth looking into; secondly, pennies are worth their face value as far as buying things go; thirdly, coins gain their value if they have certain significance as far as their date, rarity and the amount minted goes.
Pennies are pretty useless that are made currently because they are made out of zinc which is a metal no one's is really concerned with. The pennies worth looking for are the ones that are made mostly of copper. That would be the pennies minted between 1909 and 1982. There is market for copper which is why these pennies are worth looking into.
Certainly hoarding pennies and separating them is a time intensive business and is likely not worth the effort. If you take one pre-1982 pennies and try to extract 2.5 cents from your local merchant you are probably not going to get too far. In other words, a penny is still worth a penny unless you have a rare 1943 penny which could net you over $82,000. If you are going to invest in pennies, or other coins make sure they are rare collectible coins or gold and silver bullion coins. Since gold and silver are projected to continue their bull run this year, this is indeed a better way to invest.
...More at The Real Worth Of Pennies
If you are lucky enough to have a 1943 penny, I wish I were you because of the money that you could get for that. Collecting pennies is something worth giving a try if you already are collecting other coins.
Amassing coins is no longer just for collectors. Given the continued down state of the economy investors are collecting coins, and even rare pennies for financial gain, and many investors turn to gold and silver bullion coins for financial protection. This is because bullion coins are used as a safe haven against high inflation and other ills caused by a sluggish economy. Still, many are seeing what coin collectors have always known, that collecting rare coins and rare pennies can be quite a lucrative venture.
With the state of the economy the way that it is, people are looking at all coins possible, even pennies. Hoarding pennies is becoming a huge trend among those that know what to look for and what will make a nice profit. To do this though, one must be very knowledgeable on what is what.
As far as the American Open Currency says, pennies have three important factors to them. First off pennies that are made with particular metals are worth looking into; secondly, pennies are worth their face value as far as buying things go; thirdly, coins gain their value if they have certain significance as far as their date, rarity and the amount minted goes.
Pennies are pretty useless that are made currently because they are made out of zinc which is a metal no one's is really concerned with. The pennies worth looking for are the ones that are made mostly of copper. That would be the pennies minted between 1909 and 1982. There is market for copper which is why these pennies are worth looking into.
Certainly hoarding pennies and separating them is a time intensive business and is likely not worth the effort. If you take one pre-1982 pennies and try to extract 2.5 cents from your local merchant you are probably not going to get too far. In other words, a penny is still worth a penny unless you have a rare 1943 penny which could net you over $82,000. If you are going to invest in pennies, or other coins make sure they are rare collectible coins or gold and silver bullion coins. Since gold and silver are projected to continue their bull run this year, this is indeed a better way to invest.
...More at The Real Worth Of Pennies
If you are lucky enough to have a 1943 penny, I wish I were you because of the money that you could get for that. Collecting pennies is something worth giving a try if you already are collecting other coins.
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With the state of the economy declining, coin collecting is becoming a huge trend now. If you did not know it, people are even collecting rare pennies. Click on over and read more about it.
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