Want to build a valuable legacy over time?
Try looking in old homes, under that old dresser, or up in the attic where great-grandma kept her things patiently waiting for you to unearth them. It is not unlikely to find old coins there, a rare old coin that at today's rate may be worth a few dollars, probably three or four or five, even ten times what the coin was worth back when great grandmother was collecting them.
Pennies, Nickels, Dimes & Quarters - Not Really Chump Change If They Are Rare
Ever find a silver looking penny? A shortage of copper during the year 1943 forced the government to mint all pennies at that time using steel. Because the copper was being used for bullet casings and electrical wire, steel pennies were circulated for three years, but if you find them now, snatch them for your collection.
A few Lincoln pennies were incorrectly minted on bronze that turned out to be blanked. A few years or decades later these bronze pennies became a rarity and are valuable. The steel ones though, because of their commonality, are worth only between one to three dollars each. Still, three dollars is not exactly something you should sneeze at.
As in all areas of society, coin collecting is also fraught with scams and fraudsters. Be careful not to be one of those gullible coin collectors who is sold coins that are copper plated in an attempt to make these pennies appear to be bronze. Also, keep your guard up anytime someone offers you a circa 1943 penny made out of a metallic white alloy. Your best bet is to buy coins from reputable dealers and have the coins appraised to ensure you get the best value for your collection.
Coins - Age Makes Them Better
Coins, specifically the silver dollars made and circulated between the years 1878 and 1935, are worth between twelve dollars and twenty-five dollars. Uncirculated coins are worth considerably more. Often, especially today, the silver coins are placed in plexiglass covering immediately upon being minted to keep them at their highest uncirculated value.
In fact, if you were to have collected one freshly minted silver dollar per month since 1970, you would have accumulated a small fortune today. Silver coins that have been graded by the three major firms in the industry can be worth significantly more than coins that are loose. Many collectors are opting for a steady collection of silver dollars each month as a hedge against inflation, as the coins will just become more valuable as the paper dollar loses value.
Quarters, Dimes & Half Dollars
If you find old quarters, dimes, or half dollar coins made and circulated prior to 1965, you'll find that these were usually made out of ninety per cent silver! Because of this, they can be worth as much as today's silver (with an additional premium, albeit small, put on the coin's face value).