Rare coins have long been a popular investment, and 2024 might be an exciting year for collectors and investors alike. Coin experts predict that certain rare coins could rise significantly in value due to economic conditions and market demand. In this article, we’ll take a look at six rare coins that could spike in value this year and why they are so highly coveted.
Rare Coins Expected to Spike in Value in 2024
| Coin Type | Details | Estimated Value |
|---|---|---|
| Early $5 (Half Eagle) Gold Pieces | Produced since 1795; high demand for 1795 and 1798 versions. | Starts at $15,000; can go into millions. |
| Type II and III Liberty Head Double Eagles | Known for their beauty; minted since 1849. | About $3,900 for 1889-S MS-63. |
| ‘Scare-Date’ Morgan and Peace Silver Dollars | Popular large coins with high precious metal content. | Around $1,000 each for 1886-S and 1928 in MS-63. |
| Mercury Dimes from the 1940s | Graded MS-67 with full bands are most valuable. | Commonly $200 each; higher for rare ones. |
| 1909-S Lincoln Cent | Extremely valuable, especially in Mint State condition. | About $200 to several times that for scarcer versions. |
| Franklin Half Dollar | Minted from 1948 to 1963; error versions are valuable. | MS-66 can sell for five figures. |
Early $5 (Half Eagle) Gold Pieces
The Half Eagle, a $5 gold piece, has been produced since 1795. It remains one of the most sought-after coins in the world of rare collectibles. Even lightly circulated coins from the early years can start at around $15,000. For example, the 1798 Half Eagle with a small eagle reverse is in high demand, as is the 1795 version with a similar design. These rare pieces can reach prices in the millions due to their scarcity and historical significance.
Type II and III Liberty Head Double Eagles
Double Eagles, $20 gold pieces, are another favorite among collectors, particularly those from the Type II and Type III series. Introduced in 1849, these coins were minted until 1933. The most valuable coins are graded Mint State (MS) 60 through 63, and the Saint-Gaudens Double Eagle, often considered the most beautiful U.S. coin, only increases in demand. An 1889-S Liberty Head Double Eagle in MS-63 is currently valued at around $3,900, showcasing its growing appeal.
‘Scare-Date’ Morgan and Peace Silver Dollars
Morgan and Peace Silver Dollars are big names in the coin world. Known for their large size and precious metal content, these coins date back to the 19th century and are particularly well-preserved. For instance, the 1886-S Morgan Silver Dollar and the 1928 Peace Dollar are popular among collectors. In MS-63 condition, these coins can fetch around $1,000 each due to their historical value and limited availability.
Mercury Dimes from the 1940s
Mercury Dimes, especially those from the 1940s, are another rare find that has gained popularity over time. In particular, dimes graded MS-67 with full bands can demand incredibly high prices. Although the majority of these coins are more affordable at around $200 apiece, the hunt for specific versions can be exciting for collectors who want to assemble a full set.
1909-S Lincoln Cent
Lincoln cents are well-known, but the 1909-S Lincoln Cent is one of the most valuable. A coin graded Extremely Fine or better can go for around $200, while a scarcer version in Mint State-63 can sell for several times more. This rare penny continues to grow in value as fewer of these coins remain in circulation.
Franklin Half Dollar
The Franklin Half Dollar, minted from 1948 to 1963, is another coin with increasing value. While there are no major rarities in this series, coins graded MS-66 or higher can sell for five-figure amounts. Error versions of these coins, which have missing details, are particularly valuable and can command substantial premiums in higher grades.
Conclusion
Investing in rare coins is a thrilling venture, especially as certain coins are expected to rise in value in 2024. From the early Half Eagle Gold Pieces to the Franklin Half Dollar, each coin has its own unique story and appeal. Whether you’re a seasoned collector or a beginner, keeping an eye on these rare coins could lead to a rewarding investment.
FAQ’s
What are some rare coins to watch for value increase in 2024?
Some rare coins to watch include the Early $5 (Half Eagle) Gold Pieces, Type II and III Liberty Head Double Eagles, and the 1909-S Lincoln Cent. These coins are expected to see significant price rises due to market demand and economic conditions.
Why might rare coins increase in value in 2024?
Rare coins may increase in value due to economic volatility, which can lead to increased interest in gold and silver coins as safe investments. Additionally, historical significance and limited supply can drive up demand among collectors.
How can I determine the value of my rare coins?
The value of rare coins can be determined by factors such as their condition, rarity, and market demand. Consulting a coin expert or using resources like coin price guides and grading services can provide accurate evaluations.
