Cashing in on rare coins
Holding a 1794 Liberty dollar in your hand is seductive.
The weight of the silver feels substantial, unlike today’s coins. The Liberty dollar transports you to the era of George Washington’s presidency, the founding of the first U.S. bank and the Whiskey Rebellion. And then there’s the price tag: $7,000 at Main Street Coin’s gallery in Fairfield, Ohio.
“You buy coins because you love them,” says Mike Dickmann, gallery co-owner. “For 40 bucks, you can buy history.”
In fact, the market for investing in rare coins has been building since 1999, when the U.S. Mint sparked new interest in coin collectibles by issuing the first state commemorative quarters. The U.S. Mint has sold 24.71 billion of them.
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