Every quality coin collection needs its fair share of rare coins to be deemed a truly valuable asset. If you’re relatively new to coin collecting and have been trying to determine what are the best rare coins to search for in building your personal prized collection, we’re here to help at Preferred Coin Exchange.
We have compiled our list of what we believe to be the best selection of rare coins worth collecting based upon their artistic beauty, historical significance, and potential to increase in value over time so that you receive a long-term return on your investment. They are relatively affordable coins, but they also offer enough challenge for the entry-level coin collecting enthusiast to pursue. Just be sure when searching out these rare coins that you only buy them from a reputable coin company or coin dealer and have them certified by a third party coin grading service.
In 1909, the United States altered the design of the penny from the Indian Head to the Lincoln Cent in order to commemorate the 100th anniversary of the birth of President Abraham Lincoln. The coin was an instant hit among the public, but what also made this coin so noteworthy was the fact that the mint designer, Victor David Brenner, included his three initials on the bottom of the reverse side of the coins. This was unheard of at the time as coin minters would customarily include only their last initial.
There are some coin collectors who consider this rare coin to be the most popular U.S. coin throughout history — being referred to as the “Holy Grail” of Lincoln pennies.
Designed by coin minter Anthony Defrancisci in 1921, the Peace silver dollar was produced following the large mintage of Morgan silver dollars. The purpose of this rare coin was to commemorate the peace that followed after the ending of the Great War, and it was proposed by former President of the American Numismatic Association, Farran Zerbe. It boasts a beautiful design that is one of our favorites, featuring Lady Liberty and the American Eagle.
With only roughly a million of these silver dollars ever produced, they are considered scarce, but a beginning coin collector can still acquire a circulated Peace Dollar at a reasonable cost today.
While the design of the Morgan silver dollar was originally created to be implemented onto the half dollar, it was adopted for the silver dollar in 1878. Due to the Bland-Allison Act passed by the United States Congress, the government had to purchase large quantities of silver to convert into these silver dollars.
Although the 1877-CC Morgan silver dollar is not exactly scarce with approximately two million pieces minted, owning one of these early coins produced at the Carson City mint will add an element of character to any coin collection. Circulated pieces are moderately priced within the budget a beginning coin collector. Uncirculated pieces are also within the budget of an intermediate coin collector.
This rare coin is an error coin that has become extremely popular over the years among even the most experienced coin collectors. Due to the time and cost required to produce coin dies, many were polished or ground in order to extend their life. The result of this was overzealous mint workers grinding the surface too much to the point that some of the details were removed from the front leg of the Buffalo on the reverse side of these rare coins — making for a three-legged buffalo.
Any coin collector who is an enthusiast of the Buffalo Nickel line certainly intends to have this rare coin added to their collection. Circulated examples of the three-legged Buffalo Nickel are moderately priced, but uncirculated examples are scarce and only coin collectors with a deep enough pocket will be able to afford one.
This is a rare coin that you might even unknowingly have stashed away in your house somewhere under the couch cushions or in your child’s piggy bank. While we don’t recommend going and breaking the bank (see what we did there), the 1955 Double Die Lincoln cent is another very popular rare penny among coin collectors.
These rare coins are technically error coins, similar to the Buffalo Nickel, but this one is by far the most famous error coin ever produced by the U.S. Mint. These pennies accidentally received two impressions during production, making them extra dark and have a duplicated, mirroring effect in the engravings. The error wasn’t discovered until nearly 25,000 of these coins were mixed in with properly produced coins, so they ended up putting them into circulation regardless of the errors as it would have been a costly procedure to remove them and melt each of them back down. There are a multitude of both circulated and uncirculated instances of these rare coins for sale today that are ideal for beginner coin collectors to swipe up.