Collecting coins can be a fascinating hobby, and some rare coins are even worth a lot of money. As we head into 2024, experts believe that certain rare coins might increase in value due to changes in the economy. If you’re interested in coin collecting or thinking about investing, knowing which coins could rise in value could help you make smart choices. In this article, we’ll explore six rare coins to watch in 2024 and why they might be a good investment.
Understanding the Coin Market
Like any other market, the rare coin market can go up and down based on many factors. This year, some experts predict that more people will sell their coins to cover everyday expenses, while others might start buying coins, especially gold and silver, because the dollar is losing value. This could create a lot of activity in the coin market. Let’s look at the six rare coins that are expected to spike in value this year.
Rare Coins to Watch in 2024
Here’s a table summarizing the six rare coins we’ll discuss, their historical details, and potential values:
| Coin Name | Type | Year(s) Minted | Potential Value | Notes |
|---|---|---|---|---|
| Early $5 (Half Eagle) Gold Pieces | Gold Coin | 1795 – 1804 | Starts at $15,000, can exceed $1M | High demand for the 1798 and 1795 versions |
| Type II and III Liberty Head Double Eagles | Gold Coin | 1849, 1866, 1877 | About $3,900 for MS-63 | Rarer in mint condition compared to Saints |
| ‘Scare-Date’ Morgan and Peace Dollars | Silver Coin | 1886, 1928 | Around $1,000 for MS-63 | High precious metal content, consistently in demand |
| Mercury Dimes | Silver Coin | 1940s | Up to $200 for common grades | Most valuable graded MS-67 with full bands |
| 1909-S Lincoln Cent | Penny | 1909 | About $200 for Extremely Fine | Scarce versions in MS-63 can sell for much more |
| Franklin Half Dollar | Silver Coin | 1948 – 1963 | Up to five figures for MS-66 | Error versions can command high premiums |
Early $5 (Half Eagle) Gold Pieces
The Early $5 (Half Eagle) Gold Pieces are historical coins produced between 1795 and 1804. These coins were made almost every year starting in 1795. While prices can start around $15,000 for coins that are not heavily used, some have sold for over a million dollars! The 1798 half eagle with a small eagle on the back is in particularly high demand, as is the 1795 half eagle.
Type II and III Liberty Head Double Eagles
The Type II and III Liberty Head Double Eagles are also popular among collectors. These $20 gold coins first came out in 1849, with the Type II introduced in 1866 and the Type III in 1877. The most sought-after versions are those graded between Mint State (MS) 60 and 63. The 1889 S Liberty Head double eagle in MS-63 condition can sell for about $3,900, making them a valuable addition to any collection.
‘Scare-Date’ Morgan and Peace Silver Dollars
Morgan and Peace Silver Dollars are known as the “kings of the hill” because they are large and contain a lot of precious metal. The 1886-S Morgan dollar and the 1928 Peace dollar are particularly popular. Coins in MS-63 condition usually sell for around $1,000 each. These coins have remained in demand due to their size and history, making them a good investment option.
Mercury Dimes from the 1940s
Mercury Dimes from the 1940s are also worth paying attention to. The most valuable dimes are graded MS-67 with full bands. While some can sell for outrageous prices, you can also have fun collecting partial sets with coins that cost about $200 each. This makes them accessible for younger collectors or those just starting out.
1909-S Lincoln Cent
The 1909-S Lincoln Cent is a penny that collectors highly value. A Lincoln penny in Extremely Fine condition can fetch about $200, while the rarer ones in Mint State-63 can sell for much more. This coin is particularly interesting due to its history and the fact that it’s still a common penny today.
Franklin Half Dollar
The Franklin Half Dollar was first issued in 1948 and ended in 1963. Coins graded MS-66 or higher can command high prices, sometimes reaching five figures. While there are no major rarities in this series, some error versions are hard to find, making them worth a lot more. These coins are popular due to their connection to President John F. Kennedy and their unique designs.
Conclusion
In conclusion, the rare coin market is changing, and many factors can affect the value of coins. The six rare coins mentioned above—Early $5 Gold Pieces, Type II and III Liberty Head Double Eagles, ‘Scare-Date’ Morgan and Peace Silver Dollars, Mercury Dimes, 1909-S Lincoln Cent, and Franklin Half Dollars—are likely to see significant price increases in 2024. If you are considering investing in rare coins or simply want to learn more about this fascinating hobby, keeping an eye on these coins can be beneficial. As always, research is key when investing. Understanding the market and the history of these coins can help you make informed choices. Happy collecting!
FAQ’s
Which rare coins are expected to see an increase in value in 2024?
The six rare coins to watch in 2024 include Early $5 (Half Eagle) Gold Pieces, Type II and III Liberty Head Double Eagles, ‘Scare-Date’ Morgan and Peace Silver Dollars, Mercury Dimes from the 1940s, the 1909-S Lincoln Cent, and Franklin Half Dollars. These coins are predicted to experience significant price increases due to market conditions.
What is the potential value of the 1909-S Lincoln Cent?
The 1909-S Lincoln Cent is highly valued among collectors. In Extremely Fine condition, it can fetch around $200, while rarer versions in Mint State-63 can sell for significantly higher prices, sometimes reaching several times that amount.
Why are Type II and III Liberty Head Double Eagles considered valuable?
Type II and III Liberty Head Double Eagles are valued for their historical significance and limited availability, especially in high-grade conditions. Coins graded between Mint State (MS) 60 and 63 are particularly sought after, with the 1889 S Liberty Head double eagle valued at about $3,900 in MS-63 condition, making them a great investment for collectors.