While some US coins are rare there are those coins that are among the rarest of all collectible coins. Some may wonder how there can even be rare US coins considering the sheer volume produced over the years. The reason is some coins were not produced in high volume and many coins were recalled and destroyed. Such circumstances eventually created what is today the modern US coin collecting market. Of course, some coins are far scarcer than others with some rare US coins being on the very of extinction. What are some of the rarest of coins? Here is a look at 6 of them:

1849 Coronet Double Eagle. This $20 gold piece remains one the all-time rarest of rare US coins. There is only one left in the entire world. Needless to say, anyone that discovers the second known coin of this minting would also be gaining an acquisition worth millions.

1804 Silver Dollar. There are only 15 known coins remaining out of the many 1804 silver dollars produced. Are here more out there lost somewhere? If so, time will tell and whoever discovers it will certainly be a very lucky collector since the value of these coins is in the millions of dollars.

1913 Liberty Head Nickel. This coin has such a unique tale that it has become somewhat legendary in collector's circles. This coin was ordered discontinued in 1912 but 5 more were made by accident in 1913. One individual collector was able to acquire all 5 of these coins. This became a very treasured acquisition since the person that procured these 5 coins amassed a huge equity over the years. The immense rarity of these coins is what makes them an elusive prize that even those who could afford the millions they are worth still cannot purchase them a treasured prize. Adding to their value is the unique origin that spawned them.

1943 Copper Penny. It is not the copper that makes this particular penny a rarity; it is the inclusion of a bronze alloy. During WWII, bronze was rationed and these pennies were not supposed to include bronze. Of course, accidents do happen and some of these pennies were produced with a bronze alloy. This has allowed them to become a curious and prized collectible item in various collecting circles.

1933 Saint-Gaudens Double Eagle. Due to the enormous financial disaster that was known as The Great Depression, President Roosevelt was moved to take the US off the gold standard. That necessitated the recall of numerous gold coins so they could be melted down. This coin was one recalled and melted down. However, a small number of these coins remained in circulation. In 1992, one of these coins was sold in an auction for $7 million.

1970 Lincoln Penny Doubled Die Obverse. Not all pennies are worth one cent. This rare 1970 penny is worth $3,000. The minting process that created the "double die obverse" error also created a valuable penny that remains one of the most sought after collectible pennies in history.

Tom runs Coin Collecting Values where you can learn more about rare US coins.

Article Source:http://www.articlesbase.com/collecting-articles/a-look-at-6-rare-us-coins-1322013.html

Believe it or not, it is possible to profit from collecting coins.  People collect coins for a plethora of different reasons.  For some, it is nothing more than a hobby.  But for others it is the perfect investment to take advantage of.  Regardless of the reason, you will find that there are ways you can make money off of your coin collection.

After collecting coins for a certain period of time you will build up a hefty set.  This is the perfect opportunity to start profiting off of your “hobby.”  The first method you can use to make money from your coins is an auction.

Going to a public auction allows you to display your coins in front of a large group of people.  As people view your coins, they will bid on them and you can make a certain amount of money.  The one downside to most auction houses is that many of them have a minimum consignment value.  If yours does not make the cut then you cannot be a part of the auction. 

If this is the case, you will have to find someone else who will be willing to auction away your coins for a lesser value.  This can limit the amount of auction homes you have to choose from.

The next way you can profit from collecting coins is through personal sale.  This is one of the more popular methods used as it can be the quickest way to get money.  What you do need to realize is that there is far more work involved with personal sale as you have to approach countless dealers and hope that they are willing to look at your coins.  It is more of a hit or miss approach as you can make a great deal of money on one sell or you can end up wasting your time while coming back with the same coins.

An easier approach to personal sale is to put an ad in the paper.  All this involves you doing is buying an ad in the paper and then waiting for people to call.  Although you may receive some ridiculous offers, at least it will save you the time of going from dealer to dealer.

The last way you can go about selling your coins is to have your coins taken to a local dealer.  This can be risky if you do not know the dealer, which is precisely why you want to take the time to research and learn more about the dealer’s background.  Your goal is to get the most amount of money possible so that you can actually make a profit off of collecting coins.

No matter what your reasoning was to start collecting coins, it is important you realize you can profit from them.  Take the methods listed in this article into consideration so that you can start making money from your coin collection.

Tom Lindstrom is a coin collecting expert. For more great information on coin collecting be sure to visit http://www.coincollectingpennies.com.

Article Source:http://www.articlesbase.com/collecting-articles/how-can-you-make-money-collecting-coins-845480.html