Beginner’s Primer on Commemorative Coins
Commemorative coins are coins which were made to commemorate a certain event or personality. Countries produce such coins not only to celebrate these historical figures but also to create coins that collectors will want to add to their sets. If you’re deciding which coins you want to start collecting, then starting with commemorative coins will most likely be for you.
What makes Commemorative Coins So Special
Like other countries, the US has made and still makes its own commemorative coins. And while many collectors consider the 2½ dollar gold piece made in 1848 and bearing the counter stamp “CAL” as the first commemorative coin, most standard lists of such coins start with the 1892 half dollar.
There are two classifications of US commemorative coins. One is the Early Commemoratives, which are coins that are minted from 1892 to 1954. Those minted since 1982 are classified as Modern Commemoratives. These classifications differentiate not only the years that the commemorative coins were made, but also
Right now the US continues to produce commemorative coins. One example is the new commemorative quarters named America the Beautiful Quarters. This was issued to commemorate the National Parks of the United States of America. Five quarters will be issued per year. These were first produced in 2010 and production will continue to around 2021.
Why it’s ideal to invest in Commemorative Coins
There are a couple of factors that affect the value of coins and these are the same factors which show that it is a good idea to invest in commemorative coins. These factors alone can be enough to convince you to start collecting commemorative coins.
Older commemorative coins are also great investments because of their historical value. Other collectors seeking to add these historical pieces to their collections are sure to drive the prices of these commemorative coins upwards or at most keep them at a stable and reliable level. Thus the investment that you will place on these coins will be safeguarded.
Another reason why commemorative coins make great investments is because they are easily recognizable by other collectors. That gives you an assurance that you will have an easier time trading these coins in future barter situations.
Before the start of World War II, commemorative coins have always been made of precious metals. Therefore if you can get your hands and invest on older commemorative coins, you are adding a lot of value to your collection. Not only are these coins easily recognizable and posses a historical character to them but they are likewise made of precious metals, like gold and silver, which will only end up increasing in value.
There are a lot of commemorative coins produced and will be produced by different countries. You will therefore have a lot of coins that you can collect as the years pass. Whether you intend to pursue the older commemorative coins or even add the more recent commemorative coins to your collection, you will have a great time with your coin collection.