As people approach or enter retirement, it’s common to start converting investments into safer assets like savings accounts. However, not all assets should be liquidated, especially rare coins, which tend to appreciate in value over time. For baby boomers, holding onto these coins can provide significant financial benefits. Rare coins are highly sought after by collectors and investors due to their rarity and historical significance. This steady demand makes them a reliable asset for long-term appreciation.
For retirees living on fixed incomes, rare coins can serve as a financial backup for emergencies, such as unexpected medical expenses. Selling a valuable coin at the right time could even add tens of thousands of dollars to retirement savings.
Here are three rare coins that baby boomers should hold onto for at least another decade due to their high potential for price appreciation.
1. 1937-D Three-Legged Buffalo Nickel
High-end value: $100,000
This coin is famous for a minting mistake that makes the buffalo appear to have only three legs. The error occurred when the right front leg of the buffalo was accidentally removed during the minting process.
The unique design flaw has made the 1937-D Buffalo Nickel one of the most sought-after coins among collectors. According to experts at Altier Rare Coins, this “accidental creation” has elevated the coin’s status as a prized collectible, driving its value higher over time.
Collectors who own this coin in mint or near-mint condition could see its value rise to as much as $100,000.
2. 1883 Liberty Head Double Eagle
High-end value: $114,000
The Liberty Head Double Eagle $20 coin comes in two types: Type II (minted from 1866 to 1876) and Type III (minted from 1877 to 1907). Both types are considered excellent investments due to their historical importance and gold content.
Altier Rare Coins predicts a “steady increase in value” for these coins, especially for well-preserved examples. An 1883 Liberty Head Double Eagle in average condition is valued at around $60,000, but one in mint condition could fetch over $114,000.
This coin’s combination of aesthetic appeal, rarity, and gold content makes it a valuable addition to any collection.
3. 1958 Full Bell Line Franklin Half Dollar
High-end value: $129,250
The Franklin half dollar, minted between 1948 and 1963, is another coin that has seen consistent appreciation. These coins are valued not just for their beauty but also for their rarity, particularly the “Full Bell Line” variety.
Coins with a Full Bell Line designation have distinct horizontal lines across the Liberty Bell on the reverse side, which makes them rarer and more valuable. According to Altier Rare Coins, the Franklin half dollar has been a “stellar option” for investors, with some specimens fetching up to $129,250 in mint condition.
Why Rare Coins Are Worth Holding Onto
Rare coins have a unique advantage over other investments because their value is driven by scarcity, historical significance, and collector demand. Unlike stocks or bonds, the value of rare coins is less likely to fluctuate based on market volatility.
For baby boomers nearing or in retirement, rare coins can act as a financial cushion. Whether for emergencies or as a way to supplement retirement income, these coins hold the potential to provide significant returns when sold at the right time.
Tips for Protecting Your Rare Coins
To ensure your rare coins retain their value:
Store coins properly: Keep them in protective cases to prevent damage.
Get them graded: Coins that have been professionally graded by organizations like PCGS or NGC are more valuable.
Avoid cleaning them: Cleaning coins can reduce their value significantly.
By preserving these coins and monitoring market trends, collectors can maximize their investment potential.
Disclaimer—Our team has checked this article to ensure its accuracy and eliminate any misinformation. We are committed to providing clear and reliable information for our readers.
