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When do coins become valuable?

Updated: 9/17/2023
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9y ago

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Coins become valuable when they are minted with errors. This is also based on the quantity of coins with errors, as well.

Another way that coins may become valuable is when they are very old.

And yet another way is if they are made from a precious metal. Coins that are minted from a high percentage of either silver or gold. This is due to the intrinsic value of the metal. A $20 gold piece can be worth hundreds or thousands of dollars. Theoretically, if a one ounce gold coin, originally minted as worth one dollar, may be worth as much as $1300 if it was 100% gold. This is only theoretical, because coins are never minted using 100% of the metal, because they would be too soft.

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