Are you trying to build or diversify your coin collection?
Wondering what to add next?
Coin collecting is a great hobby that will help you earn
some dollars on the side and even build a legacy for your future heirs.
However, you don't want to add just any coin to your collection. Carefully
choose every coin or set if you want to build something unique and valuable.
You want to pay particular attention to rare coins that have true allure.
That said, rare silver dollars are
among the best coins you can add to your collection or portfolio today. That's
because they are:
1. More Affordable Than Gold
Are you looking for maximum value for your cash? Rare silver
coins are more reasonably priced than rare gold coins across the board. That
makes them a good option for new collectors still exploring the industry or
anyone looking to grow their collection
quickly. You get more for the same investment dollars than most precious
metals, which is excellent for those on a budget.
2. Deep Historical Significance
Aside from containing at least 90% silver, silver dollars
are popular among collectors because of their historical background. These
coins showcase important country symbols, as well as people, events and
institutions that changed the course of history.
3. Available in Proof and Uncirculated
Depending on your budget, goals and taste, you may want
proof or uncirculated coins. These coins are very different from one another.
While uncirculated coins are only struck once, proof coins are struck twice,
giving them a mirror-like shine on the back and a matte finish on the front.
Also, proof coins are minted in smaller numbers and are much
more complicated to find than uncirculated coins. Understandably, they have a
steeper price tag. With silver dollars, you can go with proof coins, uncirculated
or a bit of both.
4. More Visually Appealing Than Copper or Nickel
Collecting coins is also an artistic expression. That is why
the appearance of a coin also matters to a collector. Even though silver
dollars are affordable, they are visually appealing compared to most other
metals, including nickel and copper. So, they will definitely add beauty and
versatility to your collection.
5. Large Collector and Investor Interest
Lastly, silver dollars are actually very popular with
collectors as well as coin investors. And there are benefits to this. For one,
a substantial following means that the coin's actual value will keep soaring as
the years fly by, pushing the value of your collection to unimaginable heights.
Two, higher interest means greater liquidity. So, you can convert your coins
into cash without much difficulty.
Invest in Some Rare Silver Dollars to Diversify and Increase the Value of Your Collection
Building a great collection is all about choosing every coin
carefully. If you want to get the most coins for your money without sacrificing
important criteria like value, aesthetics, and liquidity, silver dollars are
worth your investment
dollars. However, ensure you buy from a reputable dealer and choose relatively
rare coins with high grades.