Collecting Pride of possession is reward enough for most collectors, no matter what they collect. But coin collectors fall into a slightly different category. It's not that they are acquisitive; it's just that they are always hoping—hoping that someday they may hit a tiny jackpot with just one coin. Whether or not you collect coins, and whether or not you are dreaming of a small miracle, it is quite possible that you have a collector's item in your pocket or your purse right now. Even relatively recent coins may be worth more than their face value. Certain Lincoln one-cent pieces of 1909, the first year of issue, are worth $40; others of the same year are worth from 20 cents to $10. A dollar's worth of Indian-head pennies will net you ten times that much in a brisk sale to almost any collector—not a vast windfall, but a satisfying piece of business.

The first step in coin collecting is to buy a good catalogue, such as Scott's, so that you will be able to tell the value of any coins you have. No catalogue listing will be completely accurate because the value of coins, like everything else, varies with supply and demand. The prices listed, however, are fair average prices and are close enough to the current market values for your purposes.




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March 11, 2010