Apply these tips to your daily life and you might find a rare coin
SARASOTA, FLORIDA, UNITED STATES, April 16, 2018 /EINPresswire.com/ — There are always stories of unsuspecting people finding rare coins in their pocket change. These coins circulate through stores and sit in the pocket of people who don't know their high value. Kim Habibi wants everyone to keep an eye out for these coins, as they could change your life.
Plenty of these collectible and expensive coins are back in circulation. While a person grabs the change from the barista after receiving a coffee, they may not know they could be attaining a mini-fortune.
Kim Habibi has learned several tips over the years in finding these rare coins. While a person may never obtain one, a few simple tasks could become worthwhile.
First, Habibi says that everyone should keep their eyes wide open for error coins. These coins made by The United States Mint may become worth only a few dollars above face value. But some of the rarer off-metal errors can have higher worth.
These error coins could land the collector thousand of dollars.
Also, old coins are like a fine wine; the older the currency is, the more valuable it becomes. The only exception to this rule is if the coin is common. For example, a 1971 penny is over forty-years-old, but there are many still in circulation. The value of this coin would not be as much, if any higher, than other pennies that are rarer.
If a person looks at the date and assumes the coin is valuable because it's old, they may be disappointed. That's why it's crucial to distinguish between old and rare coins.
Another example is the 1909 Indian Head pennies. These coins are commonly passed down as family heirlooms and thought to be worth a fortune. However, these coins are worth less than $10 because hundreds of millions of them produced. The well-known currency is old, but not rare.
People should always become aware of double die coins. These are rare but do tend to find their way into circulation. At times, the doubling of the design is apparent, but other times a closer look is needed.
Training your eye to spot these doubled dies in rare form could result in high payouts. For example, a 1972 doubled-die penny could lead to a few hundred extra dollars to thousands. Depending on the condition, finding one of these could surprise the unsuspecting holder.
It's almost impossible to find a gold coin in circulation; it's not entirely improbable. The chances of finding a silver currency in distribution are undeniably higher. But collectors must know what they are scanning concerning their coins.
Becoming familiar with silver coins can assist in eyeing that rare piece. But everyone should become prepared to spend a lot of time and energy into finding these pieces in their pocket.
Another trick collectors may do to find some rare coins would be making a trip to their bank. Visiting their local bank and asking for coin rolls can lead to finding a rare coin. Often, the coin rolls contain error coins, silver coins, old coins, and miscellaneous coins that are valuable. Also, it's the cheapest route to take for a beginner. Banks will only charge you face value for the coin roll, and you can later return the unwanted coinage for the paper money.
If someone uses cash on a regular basis, he or she could have a high probability of attaining a rare coin. Habibi suggests someone using some of the above tips to start their collection. Also, training their eye to catch these mistakes or the date of coins can lead to a find.
While the more expensive coins are rare, they may not become entirely hidden in public eye. Finding one could lead to thousands of dollars.
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Source: EIN Presswire