Old coins have value that you would not ever think that they have. They are indeed a commodity that many want and are trying to get their hands on. It is more than just a hobby to some but an actual way of them living from the money they get from them. (Image by bitzcelt via Flickr)
A 1794 silver dollar just sold at auction for a record-breaking price of $10 million (including buyer's premium). This is the most ever paid for a single coin and the first to reach eight figures. It will be interesting to see how long this record lasts.
That ten million dollar coin sold so well because for one it was in mint condition. Mint condition items sell better than anything because the newer it looks the more demand there is for it because it is not flawed or anything that will bring down the value.
The year 1794 was the first our young country struck a silver dollar for use in commerce. We had been relying on using coins from other countries, most notably the Mexican eight reales, which remained legal tender as one dollar until 1856.
Not long ago seeing a coin sell for so much was not normal and for it to happen now, it is becoming a race to see if one will be able to pass 10 million dollars and sell for much more.
Investing wisely is a thing that must be done if you want to be able to make top money. You always want to aim for coins that when they sell you will be getting a better pay out then what you paid into getting it. If you cannot get that, leave it where it is at and move on to something else.
...More at Shore News Today
Old coins are a market worth investing in because you can become a millionaire off of it. This will only happen if you know what you are doing and what to look for. I want to start collecting coins now.
A 1794 silver dollar just sold at auction for a record-breaking price of $10 million (including buyer's premium). This is the most ever paid for a single coin and the first to reach eight figures. It will be interesting to see how long this record lasts.
That ten million dollar coin sold so well because for one it was in mint condition. Mint condition items sell better than anything because the newer it looks the more demand there is for it because it is not flawed or anything that will bring down the value.
The year 1794 was the first our young country struck a silver dollar for use in commerce. We had been relying on using coins from other countries, most notably the Mexican eight reales, which remained legal tender as one dollar until 1856.
Not long ago seeing a coin sell for so much was not normal and for it to happen now, it is becoming a race to see if one will be able to pass 10 million dollars and sell for much more.
Investing wisely is a thing that must be done if you want to be able to make top money. You always want to aim for coins that when they sell you will be getting a better pay out then what you paid into getting it. If you cannot get that, leave it where it is at and move on to something else.
...More at Shore News Today
Old coins are a market worth investing in because you can become a millionaire off of it. This will only happen if you know what you are doing and what to look for. I want to start collecting coins now.
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Have you heard about the highest selling coin? Well once you learn about this old coins value you will want to start investing and obtaining a collection about coins yourself so come learn more
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