Having established Minuteman Rare Coin in 1994, I will mark my 30th year as a Numismatist in November 2024.
My, time really does fly!
Numismatics, defined as the study and collection of coins, has fascinated collectors, investors, and history enthusiasts for centuries.
Being raised right in the center of Boston, Massachusetts, where the American revolution was strategized, initiated, and eventually resulted in the establishment of a new country, the United States, fueled my passion for American history and the gold and silver coins that significantly influenced America's journey to becoming a global powerhouse.
My passion for United rare gold and silver coins has led me on an amazing journey through American history.
Some of the most desired rare coin collectibles globally include United States rare gold coins minted between 1795 and 1933, as well as Morgan Silver Dollars produced from 1878 to 1904 and in 1921.
These coins have and hold historical significance, artistic beauty, extraordinary value and exceptional investment opportunities of a nation not even 250 years old.
Think about that for a second?
For collectors, investors, and newcomers, the journey of assembling a United States rare coin collection is a thrilling, enriching, and rewarding pursuit.
With our 30 years of experience and expertise, we will guide you in curating the most historical, valuable, rewarding, and well diversified United State rare gold and silver coin collection of a lifetime!
A collection tailored to your goals, interests, and budget.
A collection that will enrich your life and bring joy for generations to come!
In this blog post, we will explore the steps to assembling a diversified United States Rare Gold and Morgan Silver Dollar coin collection of a lifetime!
Educate Yourself:
Before beginning your rare coin collecting and investing journey, it's essential to educate yourself about the art of collecting and investing in rare coins.
Start by getting to know the historical importance of American coinage, conduct research on various coin categories, series, designs, eras, and the different mints that produced these valuable American treasures, and select the ones that capture your interest.
To make well-informed decisions when selecting rare coins, it is essential to grasp the Sheldon rare coin grading scale and the process of grading coins.
This knowledge will assist you in avoiding common mistakes that collectors and investors often encounter, enabling you to choose the "right" coins and navigate potential pitfalls as you build your rare coin collection.
Define Your Focus: Specialization vs. Diversification:
Determine which coins and areas of the rare coin market you want to dedicate your time, effort, and funds to.
While some collectors and investors opt to focus on a specific series, era, design, mint, coin type, or denomination, others prefer a broader, more diversified strategy.
Specializing in a particular area can lead to becoming an expert in a specific niche. This expertise can help you acquire rare items that are unique or hard to find.
Conversely, a diversified collection can offer a wider historical and visual appeal to your assortment.
If you want to increase the investment potential of your collection, consider diversifying it with a variety of gold and silver coins, with different typesets, mint sets, subsets, eras, designs, and date runs. This approach can boost the overall growth in value and price appreciation of your collection in the long run.
By diversifying your rare coin collection, you can minimize risk during periods when the rare coin market isn't performing at peak levels and increase the potential for financial gains during periods of high performance.
Ultimately, your personal interests, collecting goals, and budget will determine whether you opt for specialization or diversification.
Set a Budget: Balancing Passion and Practicality:
Collecting and investing in United States rare coins can be an expensive endeavor, particularly when focusing on a specific series that includes scarce Uncirculated Mint State coins.
A good example is the "Early Gold" coin area of the rare coin market. Early Gold coins start at rare! The coins considered to be Early Gold are gold coins that were minted from 1795 to 1834.
Most Early Gold coins were sent abroad and melted. The majority of newly minted coins by the U.S. Mint were received by merchants, bankers, and precious metals brokers who then sent them overseas as payment for various goods, services, and profits.
The Act of 1834 lowered the gold content of gold coins to help alleviate overseas shipping and to keep gold coins in circulation domestically.
The above scenario explains why most gold coins minted from 1795 to 1834 are rare today. Even Early Gold coins with high mintages are scarce.
I suggest that you establish a realistic budget and give priority to gold and silver coins that match your collection's theme and your personal preferences.
Remember, the joy of collecting and investing in U.S. rare gold and silver coins should not solely revolve acquiring the most expensive pieces.
By being persistent and patient, it is possible to discover valuable and fascinating coins even when working with a limited budget.
Authentication, Grade, and Certification:
Authentication, grading, and certification are crucial when it comes to collecting and investing in rare coins.
Authentication, grading, and certification from reputable Third-Party-Grading-Services (TPGS) such as Certified Acceptance Corporation (CAC), PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation), provides an unbiased evaluation of a coin's condition and authenticity.
Third-Party grading and certification provides an established market value, liquidity, and increases the potential of growth in value and priced appreciation of each coin you add to your collection.
Partner up with a Rare Coin Expert:
Every remarkable coin collection is likely to have had the guidance of a rare coin expert. It is crucial to build a relationship with a rare coin specialist who genuinely cares about your best interests, like Minuteman Rare Coin.
In time your professional relationship with a rare coin expert with evolve into a partnership.
You want to find someone who will work with you on your goals, objectives, interests, and your budget to reach your ultimate goal, which is to assemble a United States gold and silver rare coin collection of a lifetime!
A collection that will enrich your life and bring joy for generations to come. One that you can be proud to own and to be admired by All!
Patience and Perseverance: The "Thrill of the Hunt"
Assembling a historically significant and valuable United States rare coin collection of a lifetime is not a race. it's a journey that requires patience and perseverance.
U.S. rare gold & silver coins that you want or need to complete a series, typeset or date run may not be readily available, and it might take years to acquire certain elusive pieces in the condition you want.
Embrace the "thrill of the hunt" and remember that the joy lies in the journey, not the destination.
Conclusion: How to assemble a United States Rare Gold and Silver Coin Collection of a Lifetime!
Building and curating a valuable United States rare coin collection of a lifetime is a passionate pursuit that combines history, art, and Investment.
To create a legacy that mirrors your distinct interests, enriches your life, and benefits future generations, immerse yourself in the world of U.S. rare gold and silver coins. Set specific goals, a realistic budget, and collaborate with a trustworthy rare coin specialist.
Minuteman
Rare Coin:
We welcome you to become a part of our vibrant community of rare coin collectors and investors, where you can start building a collection of the most historically significant, valuable, rewarding, and diverse United States rare gold and silver coin collection that is personally tailored to your goals, interests, and budget.
Sign up below to unlock our 30 years of experience and expertise in acquiring and investing in rare United States gold and silver coins. Benefit from valuable insights and tips on collecting and investing provided by Minuteman Rare Coin.
Get ready to start receiving our newest Minuteman Rare Coin Company blog posts, packed with thrilling, valuable, and educational content on collecting and investing, various coins, series, coin types, designs, eras, and more, delivered straight to your email!
Step on board and join us. Seize this chance to broaden your knowledge and set off on a voyage of numismatic exploration, uncovering the secrets to success in the captivating and historic world of rare United States gold and silver coins!
Sincerely,
Edward Walsh, President
Minuteman Rare Coin Company
Comments