Third, certified rare coins are still a relative secret when it comes to the public at large, so I believe past price appreciation is only a beginning.įourth, unlike volatile gold market these coins provide a financial blanket of protection and at the same time may offer a better night’s sleep. Second, the rare coin area is one of the few places left which offer complete privacy and favorable tax considerations. Certified rare coins have historically protected owners against this devaluation in paper money. To begin let me offer four reasons I believe everyone should consider placing a portion of their hard asset money into this area: Vice Presidentįirst the US paper dollar is vulnerable to uncontrolled government spending, worldwide political unrest, and liberal politics, all of which threaten its value and therefore your buying power. So what does a model PCGS certified rare coin portfolio look like? Actually there are so many variations on this idea that the exact answer will not suit everyone, but my choices are a good place to begin especially if you are new to rare coin investing. The rare or unusual call or email anytime. Here we offer a few rules, 2 trading secrets and a Traditional Rare Coin Investment Early certified rare coins can offer balance to your core bullion holdings. Pre-1933 Gold & Silver Coins PCGS Certified.2014 Australian Kilo Silver Koala (32.15 oz).If you enjoyed this story, check out more from Benzinga Inspire here. The saying goes “Find a penny, pick it up, all day long and you’ll have good luck.” I’m not sure the same can be said for one million pennies. Likewise, the lesson could be made that the value of something is only as much as someone is willing to pay for it. The value recognition of copper in the old coins can also showcase how items that are out of service or retired can go up in value after they are no longer made. The story of the pennies found in the home offers many lessons including how saving coins can quickly add up over the years. With the U.S switching to zinc to use in pennies, Fritz used his paychecks to buy copper pennies to store for future value. Why It’s Important: Based on the story from Reyes, his father-in-law Fritz recognized the value of metals and minerals. Related Link: Warren Buffett Makes Predictions About Crypto, Housing, Even About His How Death Buyers should know they would have to pick up and transport the pennies. The family is open to offers, with the news station offering Reyes’ Instagram account as a communication method. Several offers have been made on portions of the collection, but not for the entire lot. With a value of $10,000 for one million pennies, but the potential of multiple rare coins in the collection, the family decided to list the coins on resale app OfferUp for $25,000. “You see all these stories of people finding pennies worth $2 million.” They decided to look through the collection for any rare pennies. “It took a whole day just to get them out of the crawlspace.”Īs their local Canadian bank also didn’t want to take the pennies, Reyes and his family were left with a decision to make again. The pennies were taken out of the house bag by bag and into several trucks, an effort that took multiple hours. Local banks told Reyes it was too large of an amount of coins to bring in to exchange. The original thought was to exchange them at Coinstar machines, before realizing they would lose 8% of the value. With the task of now cashing in the coins, the relatives had to make a decision on what to do with the massive coin collection. The pennies were pre-1980 and made of copper since 1982, pennies have been made primarily of copper-plate zinc. In the crawlspace, the relatives found bank bags, boxes and crates, with a massive collection of over a million pennies. A crawlspace from the basement of the home became the subject of a massive discovery. After Fritz passed away and his brother moved, Reyes and other family members have been working through the task of cleaning out the home with future plans to renovate it.įor years, Reyes, his wife and relatives have been working to clean the home.
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