Ancient Coins
Collectors Guide: What makes a coin so collectable?
The world’s most expensive coin, the Flowing Hair Dollar, went up for auction yesterday. In 2010 it sold for just under $8 million, three years later it set a world record when it sold for over $10 million. It was bought by a collector to add to a unique collection of Early Silver Dollars – including the 1804 Draped Bust Dollar which made headlines when it sold for over $3 million in 2017.
What makes a coin collectable?
It’s incredible to think that a 1 dollar coin could be worth millions today, but there’s several things that determine the numismatic value and collectability of a coin. So we’ve put together a collector’s guide to help you know what to look out for when adding coins to your collection.
Several things determine the numismatic value and collectability of a coin – usually it’s based on the type of coin, the year it was minted, the place it was minted and even its condition or finish. But the biggest factor is probably the mintage of a coin and its rarity.
Mintage and Rarity
It’s the old rule of supply and demand – the less that are made, the more difficult a coin is to source and the more collectable it becomes. There are thought to be less than 150 of the Flowing hair dollars in existence today which contributes to the value of them.
Or take for example the US 2015 Silver Eagle. This had a mintage of just 79,640, making it three times rarer than the second rarest silver Eagle (this year’s COVID Eagle). As these were snapped up by collectors, they have become more and more scarce, and in higher demand than ever, with collectors willing to pay a premium just to add one to their collections.
Year of issue
This doesn’t always mean age of the coin, but the year can play an important factor in determining the value of a coin. Generally you can expect to pay a premium for historic issues but this isn’t always the case. In fact some Roman coins can be picked up for less than £50, but coins from much more recent times, such as Victorian Crowns can sell for hundreds of pounds! Victorian crowns struck in important years, such as the 1887 Jubilee Head crowns are more desirable because of their links to significant events.
Finish
The finish of a coin, or the strike, is also an important factor to consider. Proof finished coins are struck several times with specially prepared blanks, which gives the design a particularly sharp edge and shows every detail. Proof finishes are highly desired among collectors, as are coins issued in BU – or brilliant uncirculated finish. This means the coin hasn’t been in circulation so is free from all the scratches you’d find on coins in your change.
Minting location
Sometimes the mintmark or location of the mint in which a coin was struck can affect the collectability of the coin. The mintmark on a coin tells us where a coin was struck, and from that collectors use historical records to work out just how rare each coin is. For example, the Morgan Dollar was struck in 5 different mints, but the Carson City issues are the most sought after – they were struck for only 13 of the 43 years in which the Morgan Dollar was minted.
Many collectors specialise in some of these areas and build their collections around rare coins, themes and years of issue, or even mintmarks. But demand can and often will change over time and sometimes that means the value someone is willing to pay for a coin will increase over time – just as we’ve seen with the Flowing Hair Dollar.
If you’re interested…
Own the RAREST EVER Silver Eagle: Three times rarer than this year’s “Covid Eagle” we have managed to source a tiny number of these coins straight from the US. Click here to secure yours with a deposit of JUST £19.50 now >>
The coins which built Ancient Rome: yours for JUST £40 (+p&p)
Today you have the chance to secure an original coin from Ancient Rome for just £40 (+p&p).
Sought-after by collectors across the globe, these storied coins belong in everyone’s collection.
Read on to find out more about the myth which built Ancient Rome, the fateful tales of Roman Kings, and how you can secure a coin which could have passed through the hands of Emperors.
The Myth of Romulus and Remus
During a time shrouded in legend and myth, there lived two brothers named Romulus and Remus. Their story is at the heart of the founding of one of the greatest civilisations in history: Ancient Rome.
Romulus and Remus were born to a princess named Rhea Silvia and the god of war, Mars. Their grandfather feared their potential power and ordered them to be abandoned in the wilderness. But fate had other plans for the twins; they were discovered by a she-wolf, who raised them as her own.
As Romulus and Remus grew older, they learned of their royal lineage and the circumstances of their birth. Filled with a desire to reclaim their rightful place, they set out to establish their own city.
Legend has it that the brothers disagreed on where to build their city. Romulus favoured the Palatine Hill, while Remus preferred the Aventine Hill. To settle the dispute, they consulted the gods through a divine sign – birds flying overhead. The disagreement continued, so the brothers began to build separate cities.
But one fateful day, Remus decided to visit his brother Romulus, mocking the modest walls of Romulus’s budding city. In retaliation, Romulus killed his brother to defend his city’s honour. Undeterred by the tragic incident, Romulus continued with the construction of his city, eventually proclaiming himself as its rightful king in the year 753 BC.
Kings of Rome
As Rome grew, it became a thriving civilization, eventually evolving into a powerful empire that would shape the course of history for centuries to come.
All rulers after Romulus were elected by the senate, and there are seven legendary kings of Rome: Romulus, Numa Pompilius, Tullus Hostilius, Ancus Martius, Lucius Tarquinius Priscus (Tarquin the Elder), Servius Tullius and Tarquinius Superbus, or Tarquin the Proud (534-510 B.C.).
However, there are other notable Kings such as Julianus who was killed when the Danube legions invaded Italy, and proclaimed their principal commander, Lucius Septimius Severus, emperor.
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This guarantees you will receive a genuine Ancient Roman coin issued during the reign of a Roman king housed in a tamperproof capsule, accompanied by a certificate of authenticity.
And considering these sought-after ancient coins are being offered at such a competitive price, demand is expected to be high.
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Unearth the Terracotta Warriors with Smartminting technology
In 1974 a Chinese farmer came across a discovery that would captivate the world … they unearthed the 2,000-year-old Terracotta Warriors.
While digging a well in Xian, China, local farmers came across pieces of a terracotta figure. These shards turned out to be part of the 8,000-warrior-strong Terracotta Army, whose purpose was to stand guard for the first Emperor of China, Qin Shi Huang, for all of his eternal afterlife.
Qin Shi Huang – The First Emperor of China
Qin Shi Huang was the founder of the Qin dynasty and reigned as the first emperor of China between 221-210 BCE.
The emperor longed to find himself an elixir of immortality and summoned magicians and alchemists to his court to discover life-prolonging elixirs.
When his magicians were unable to find a way to make him immortal, the emperor decided to create an impressive tomb for himself. Rulers in ancient China typically had two or three statues to guard them in the afterlife, but Qin Shi Huang demanded a whole army be built to protect him.
The Terracotta Warriors
What makes these warriors so impressive is that each life-sized statue has been individually created with its own unique features, thought to represent some of the actual soldiers of the day. It is estimated that it took 720,000 artisans over 40 years to complete this incredible army.
It is no surprise that this impressive find is praised as the eighth wonder of the world and was named a UNESCO World Heritage site in 1987.
Along with the army, many other figures have been found, these include entertainers, animals, and a pair of intricately detailed, ten-foot-long bronze chariots drawn by four bronze horses.
To honour this legendary discovery, a palace-approved coin has been issued featuring 3 of the warriors, each recreated in stunning detail using the most advanced minting technology available.
Extraordinary Smartminting technology
This BRAND NEW Terracotta Warrior coin has been made using innovative smartminting technology, which provides an unprecedented level of intricate detail with extraordinary high relief. This means that the warriors and carriage on BOTH sides of the coin can be seen in 3-dimensions to a high-quality proof-like finish.
You can see this impressive craftsmanship in the video below.
Only a small number of mints across the world are able to use smartminting technology due to its extreme complexity, this means that limited ranges using this technique have been released.
And fittingly, they have been struck from a rarely used coin material, copper, complimenting the Terracotta colour of the warriors themselves.
I have only been able to secure 250 of these magnificent coins, so you’ll have to act quickly if you want to add one to your collection.