I was doing some reading about coin collecting last night, and I came across several interesting facts. For instance, I learned that the most valuable coin in the world is a $20 double eagle gold coin that was minted by the U.S. Treasury in 1933. The coin is so valuable because it is the ONLY one of its kind in the world, and has never been in circulation. It was sold to an anonymous bidder at a 2002 auction for a whopping $7,590,020. Wow!
Obviously, the average person would never get his or her hands on such a coin. Even so, there are still plenty of good reasons to start a gold or silver coin collection of your own. The best reason, of course, is that your collection can actually increase in value.
For example, U.S. coins minted before 1965 contained up to 90% silver, making them worth more than their face value today. So if you purchased a bag of 1965 U.S. coins with a legal tender value of $1,000, the collection would actually be worth far more than that based on the silver content.
That’s certainly something to think about if you’re looking to invest in something relatively stable right now!