What To Look For When Collecting Rare US Coins

by admin on August 11, 2009

Coin collecting is a major hobby for young and old alike.  As soon as you get started it's difficult not to become dependent on riffling through a pile of coins every opportunity you get.  Picking up rare US coins is a great project to get your child started on.  I'm going to give you an inventory of rare US coins you'll need to start looking for.

The first of the rare US coins to put on your list to find is the 1943 copper penny.  It's a treasure if you can find one and could be worth quite a bit.  The rationale why the copper penny is so rare is actually because in 1943,  WWII was going forward and copper was being rationed.  The majority of the pennies being made were made from an amalgamate of brass and steel, not copper.  You can work out whether your 1943 penny is copper by trying to pick it up with a magnet.  A brass penny will stick to the magnet.

Next, you will want to keep an eye out for anything made in 1870.  If was made in San Francisco that is even better.  The most highly cherished among collectors of rare US coins are the 1870-S half-dime, the 1870-S silver greenback and the 1870-S gold $3 coin.  The S stands for San Francisco.

Liberty Head nickels made in 1913 are also among the sought after rare US coins.  Five were made in 1913 and later held by one man.  This man commenced talking about these rare coins and their value began to skyrocket even as he held them without any one knowing.  The last time they were sold, one sold for almost 3 million dollars.

Among the latest rare US coins is the 1974 aluminum penny.  Copper prices began to rise steeply in the early 70s and the cost of producing the penny cost just about a penny.  The US Mint commenced to look for alternatives and created an aluminum penny.  They sent some out some  as samples and they were never returned.

Another of the rare US coins is the 1982 No P dim.  All cents minted in Philadelphia were imprinted with a P beginning in 1980.  However, a mistake happened in 1982 and the P was accidentally left off a small  number of coins.

If you are into collecting cents, start attempting to find the 1955 Double Die Penny.  Among rare US coins being picked up it has an estimated value of between $200 and $1000.  When these pennies were manufactured, the coin got out of alignment and the imprint was doubled.  The image and lettering are double and it is extraordinarily easy to see.

These are only a few of the rare US coins that you and your youngster might want to begin looking for.  Most are easy to identify and fun to look for.  If you find one of these rare US coins, be sure and read up on them and have it seen by a pro.  If you catch the collecting bug, you may wish to look into the best ways to keep and protect any rare coins that you find.

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