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Sunday, July 31, 2011

Rare Coins

Coin collecting is as old as the coins themselves. Thru out the history of coin collecting only, the wealthy people with time & the resources could own rare coins.
From the depression to the 50's, people had more time and started their collection on pocket change. In the 50's people had more time & money to pursued the king of hobbies. In the 60's was went investors start to become interested in high grade, individual  rare coins.
Over the next couple of Blogs we will try and put a finger on what is really a rare coin
Silver Dollar Flowing hair  (1794-1795)
1794 Designed by Robert Scot Approx. mintage of 1,758. The obverse a bust of Miss Liberty with flowing hair facing right. The reverse shows a small eagle within a wreath. The 1795 Silver dollar had a mintage of 160,000.
Estimated survival 1975 appox. 100 RARE. The 1795 also very scarce.

1804 Silver Dollar Heraldic Eagle is know as the King of collecting of American Coins.
Mintage report show that 19,500 were minted. The remaining of 15 known to exist,
Researchers have some what proved that they were struck in the later in the 1800's.
This example is rare of the rarest.

1912 s Liberty Head Nickel
Mintage 238,000   not until the last year did the Denver & San Fransico mints produce coins. The Denver minted 8.5 million. The 1912 s was the only coin produced under a million. This is a highly collected series and even the lower grade a high premium is paid.

1913 Liberty Nickel
Mintage 5.This is one of the highest profile & value of any U.S. coin. The last one to be sold was the first coin to be sold for over 1,000,000 dollars in 1996.
The 1913 nickel was not minted legally. It is thought to be struck by an employee of the Philadelphia mint and kept under cover until he could no longer be charge of a crime by the federal Government.  This Coin Is The Rare of the Rarest.

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