Coin Collecting the Finest U.S. Rare Coins
There's far more interest in collecting Rare Coins than in just owning ordinary Gold Bullion.
Let's take for example the 1810 Capped Bust to the right, $5 Gold piece shown here.
Inside This Report
Can you imagine owning a Gold Coin dating back to 1810? Coins just like this one were carried in the pockets of
famous Americans like George Washington, Thomas Jefferson, and Abraham Lincoln. But today, only a handful have
survived the test of time.
We sold this coin in MS-60 for $9,000. Today, we would sell this for $11,000 or more--- if we could find one. Naturally,
an extremely Rare Coin like this is collected by numismatists and what we call the "Super Collector." It
takes a dedicated coin firm like Austin Rare Coins, Inc. to locate and place a coin like this with one of our affluent collectors.
Pre-1933 Gold Coins Highly Prized by Collectors
There are many other Gold Coins dating in the 1849 to 1933 which are less rare, yet affordably priced in the $915 to $1595 range.
Many Gold Bugs prefer the larger $20 Gold Coins like the Liberty or Saint Gaudens which contain .9675 troy ounces of pure Gold.
Every one that has been preserved in Brilliant Uncirculated, Mint Condition sells for at least several times its weight in
Gold or Silver alone. While these big, classic, U.S. Gold Coins have an underlying Gold value, collectors are eager and
willing to pay premiums beyond that for the privilege of owning a piece of American history.
Collectors prize coins as beautiful works of art and rare antiques from the 18th and 19th century. As you might
expect, the better preserved condition each coin is, the more collectors are willing to pay for it. Quality is measured
on a the official scale of 1 to 70, with the grade of one being barely recognizable to a perfect Mint State 70.
The second biggest factor that makes one Gold Coin worth $1,000 and another worth $25,000 is the rarity of a coin.
Collectors always want to own what other people cannot have – so the harder a coin is to find, the more collectors
are willing to pay.
Quality and rarity were once blurred, poorly documented concepts. But with the creation of PCGS and NGC
grading services, independent coin experts establish the grade of each coin. Since 1986, careful records have been
kept for each coin series by individual date. This gives the buyer and seller a way to compare price, value,
quality, and rarity among coins.
The Hobby of Kings
Once coin collecting was known as the "Hobby of Kings." But today, interesting and collectible Gold Coins trade in all
price ranges and anyone who has accumulated a little savings can collect U.S. coins.
Super Collectors who are building million dollar collections can afford to pay more per coin for the rarest and hardest to
find examples. If they own a coin so rare that only five are known to exist, they will tend to command and control the price
of that coin since the demand can be quite high yet the supply is so limited.
However, great coins don't have to be expensive. You might be surprised to learn that Gold Coins dating back to before the
Civil War can still be acquired today for under $1,000. Many people enjoy collecting coins from this unique era in
American history. Collectors often focus on rarer, harder to find examples from the long-closed U.S. Mints in
New Orleans, LA, Charlotte, NC, and Dahlonega, GA.
|King Farouk of Egypt was one of the greatest coin collectors of all time. His remarkable collection comprised more than
8,500 Gold coins.
Not Just for Fun Anymore
Over the years, U.S. Coins have been systematically accumulated
by individuals, serious Rare Coin collectors, museums, and those
interested only in investing.
While we often recommend a minimum holding period of 5 to 7
years for most coins, the truth is that the vast majority of
U.S. Rare Coins are locked away, hidden in safety deposit boxes
for decades, with many in permanent
For that reason, while you may know how many coins of a
particular date and grade have been certified and graded, the
number coming to market at any one time is just a tiny
percentage of the total.
The Basics of Coin Collecting
Before you get started with building a coin collection, here are the key points to learn and remember:
Strong Demand For Coins
– Today, there's a strong and growing base of coin collectors in
the United States. In the 1980's, dealers estimated the number of U.S. coin collectors at 5 to 10 million. Since
1999, the U.S. Mint reports that 139 million Americans are collecting coins. Many get started with State Quarters and
soon discover the joys of Pre-1964 Silver Coins and Silver Dollars or jump right into collecting Pre-1993 dated U.S. Gold
Coins. In addition, the massive shift of wealth to Far East nations has also brought many new coin collectors from Japan, China, and Asia.
– People collect coins for many reasons including fun and profit. Some collectors want only Silver Dollars,
others collect only Gold Coins. History buffs love coins from famous 19th Century shipwrecks, the Western frontier days, or coins struck
around the Civil War. Finding a particular area that interests you adds greatly to the pleasure of building a collection of coins. You are
rewarded with the pleasure of enjoying the coins while you
An Affordable Hobby
–Some coins we offer are so rare that they are one of the five finest known to exist and sell
for up to $100,000. These are prohibitively expensive to most collectors. These are for Super Collectors and trade
among the "Super Coin Companies" like Austin Rare Coins, Inc. . However, many "Better Date" to relatively
"scarce" Gold Coins are attractively priced today between $500 and $3,500. Mint condition Silver Dollars
dating 1878 to 1921 trade for around $50 each, making it easy to build a nice set. The upscale, Gem Mint Silver Dollars
MS-65+ are still under $100. But in today's hot Silver market, prices are sure to continue rising.
State of Preservation
– Grading is the single most important factor in pricing a Rare Coin. Coins are graded
based on the number of scratches and amount of wear. The Sheldon scale ranks coins from a nearly worn out
1 to a perfect 70. While you may not be able to afford "Perfect" coins, we recommend you acquire the
rarest and best quality coins you can comfortably afford.
– One of the factors that distinguishes Austin Rare Coins, Inc. from others is our attention to detail.
Our Buying Trust carefully handpicks each coin we offer for great eye appeal and avoids coins with unsightly toning or rust
spots. Ugly, unattractive coins that we refuse to buy are often dumped on an unsuspecting public at internet auctions and Ebay.
Eye appeal today is more important than it's ever been before. Warning: Bad looking coins are difficult to sell later while the
nicest coins will always command the best prices and be the easiest to sell.
Certification of Grade
– Instead of depending on a buyer's or seller's opinion of a coin’s grade, you should
acquire primarily investment grade coins. These have been certified authentic and graded by a trusted, independent grading
service. PCGS and NGC provide the most respected grading services in the Rare Coin industry today and most investment
coins we offer are graded by one of these leading authorities.