6 Unusual Coins With a 2024 Value Boom

Due to the general state of the economy, many currency experts predict significant volatility in 2024. As with most markets, investing in rare and collectible coins is subject to price fluctuations and volatility. This means that the value of some rare coins will increase dramatically in the next few months.

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According to a recent Numismatic News blog, the number of individuals selling their coins to cover living expenses “could soar” in 2024. However, there may also be a “surge of buying interest” especially for gold and silver in the context of a falling dollar.

In a recent blog post, the Coinage website expressed a similar view, saying the situation in 2024 could be “a coin market with many moving parts.” Along with Coinage’s description,

here are six rare coins that could increase in value this year.

Early $5 (Half Eagle) Gold Pieces

The half eagle ($5 gold piece) was minted almost annually in 1795, the quarter eagle ($2.50 gold piece) appeared “somewhat sporadically”, and the eagle $10 gold piece was minted from 1795 to 1804.

Early half eagle coins that are slightly minted can fetch values well into the seven figures. They usually start at $15,000. 1798 Half Eagle Eagle with slight reverse is in “insatiable demand”. A half eagle from 1795 with a small eagle on the back is also in high demand.

Type II and III Liberty Head Double Eagles

Coins with a Mint State (MS) grade of 60 to 63 are most sought after. A “superstar” of American gold coins, the Saint-Gaudens double eagle ($20 gold piece) is hailed by some as the nation’s finest coin. First released in 1849, the $20 gold piece with the double eagle design was replaced in 1866 by the Type II. Type III was produced in 1877.
According to some experts, Type II and Type III specimens that are in pristine condition are “fairly rarer” than Saints. About $3,900 is the value of an 1889 S Liberty Head Double Eagle graded MS-63.

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‘Scare-Date’ Morgan and Peace Silver Dollars

Morgan silver dollars are known as the “kings of the hill” because they are large coins with a high percentage of precious metal. Besides being old—they date back to the 19th century—and well preserved, millions of them never left government and bank vaults.

There is “sustained demand” for the 1886-S Morgan dollar and the 1928 Peace dollar, which are valued at $1,000 each in MS-63.

Mercury Dimes from the 1940s

The most valuable of these coins are graded MS-67 with full bands. Some can command “outrageous prices,” though it “can be fun” to assemble partial sets with coins costing about $200 apiece.

Franklin Half Dollar

The most valuable Franklin half dollars are those rated MS-66 or higher, which can fetch five figures under certain conditions.

The series ended sixteen years after it began in 1948 with the assassination of President John F. Kennedy. There are “no major rarities” in the Franklin Half Dollar series, although there are some misprints that are difficult to spot due to the absence of small details. In the higher grades, these versions fetch “substantial premiums”.

1909-S Lincoln Cent

One of these Lincoln pennies graded Extremely Fine or better condition can fetch about $200, while the scarcer versions in Mint State-63 might sell for “several times as much.”

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