Rising Value of Rare Coins: As Baby Boomers approach retirement, many are looking for ways to secure their financial future. One option that often gets overlooked is rare coins. These coins are not only pieces of history but can also provide a solid investment if held onto for the right amount of time. In this article, we’ll highlight three rare coins that could be worth holding onto for at least another decade.
1. The 1909-S VDB Lincoln Cent
Why It’s Worth Holding Onto:
The 1909-S VDB Lincoln Cent is one of the most famous coins in American history. The “VDB” stands for Victor David Brenner, the coin’s designer. The initials were originally placed on the back of the coin, but due to public complaints, they were removed. This makes the coin rare and highly sought after by collectors.
Current Market Value:
The value of a 1909-S VDB Lincoln Cent depends on its condition. Even if it is in poor shape, the coin can still be worth hundreds of dollars. In better condition, it could be worth thousands. As fewer of these coins are left, their value will likely increase over time.
Why Hold It?
For Baby Boomers who already own one of these rare coins, it’s a good idea to hold onto it for at least another decade. As younger collectors enter the market, demand will likely rise, which means the coin’s value could go up even more in the future.
2. The 1933 Double Eagle Gold Coin
Why It’s Worth Holding Onto:
The 1933 Double Eagle Gold Coin is one of the most famous and rare coins in U.S. history. In 1933, most of these coins were melted down because the U.S. abandoned the gold standard. However, a few coins survived and were illegally sold or kept, making them extremely valuable today.
Current Market Value:
This coin is incredibly valuable due to its rarity and historical significance. Some of the 1933 Double Eagles have been sold at auctions for over $18 million. Even in lesser condition, the coin is worth a significant amount.
Why Hold It?
If you’re lucky enough to own a 1933 Double Eagle, it could be worth holding onto for the future. The rarity and importance of this coin suggest that its value will continue to rise, and it could be worth millions in the next decade.
3. The 1913 Liberty Head Nickel
Why It’s Worth Holding Onto:
The 1913 Liberty Head Nickel is another extremely rare coin. Only five of these coins exist, making it one of the most valuable in the world. The coin was struck in 1913 but was never officially released. It was most likely created in secret, which adds to its appeal for collectors.
Current Market Value:
The 1913 Liberty Head Nickel can be worth millions of dollars, with some selling for over $3 million at auctions. Due to its rarity and the mystery surrounding its creation, it remains a top choice for long-term investors.
Why Hold It?
For Boomers who have a 1913 Liberty Head Nickel, holding onto it could lead to a significant financial reward. The rarity of the coin, combined with the growing demand for rare coins, means that its value will only continue to rise.
Conclusion
Rare coins can be an excellent way for Baby Boomers to secure their financial future. Coins like the 1909-S VDB Lincoln Cent, the 1933 Double Eagle Gold Coin, and the 1913 Liberty Head Nickel are not only historical artifacts but also valuable investments. While these coins may not provide immediate returns, holding onto them for another decade could lead to significant financial gains.
As the market for rare coins grows and more collectors join in, these coins will likely become even more valuable. If you’re fortunate enough to own one of these rare treasures, holding onto them could be a smart financial move for the future.