Best Collectible Coins

Want to jump straight to the best collectible coins? American Gold Eagle, Platinum American Eagle, Canadian Palladium Maple Leaf and the 2021 $10 ¼-ounce Red-Tailed Hawk are some of the best collectible coins.

Collectible coins have long fascinated investors, historians, and hobbyists alike for their blend of artistry, rarity, and tangible value. Whether you're a seasoned numismatist or a curious newcomer, collectible coins offer a unique way to preserve wealth while owning a piece of history. From centuries-old gold doubloons to modern limited-edition mint releases, the world of coin collecting is as diverse as it is rewarding.

In this guide, we’ll explore four of the best collectible coins that stand out for their historical significance, investment potential, and enduring appeal.

Best Collectible Coins

Many rare coins can have unexpectedly high values. The following list focuses more on bullion coins since this category offers greater liquidity and regulation.

American Gold Eagle

The American Gold Eagle coin is a 1-ounce coin that contains 22-karat gold. This coin is especially unique since it’s made with U.S.-sourced gold. It’s even more popular with investors since the U.S. government guarantees each coin’s weight, purity, and gold content.

Platinum American Eagles

Platinum American Eagles are the official platinum bullion coin of the U.S. and have been in existence since 1997. Platinum is a lesser-known precious metal, but it’s still worth $1,043 per ounce, much more than silver’s spot price of $24.

Platinum is rarer than silver, and it has many uses that gold or silver can’t replicate. It is a component in catalytic car converters that converts harmful engine emissions into less harmful substances.

Canadian Palladium Maple Leaf

The Canadian Palladium Maple Leaf is one of the few palladium coins backed by an official government. The Royal Canadian Mint (RCM) personally guarantees each coin’s purity and weight. Each 1-ounce coin is composed of 99.95% palladium, with traces of other metals like copper to ensure durability.

Like platinum, palladium is rarer than gold and has unique purposes, like aircraft spark plugs and catalytic converters on automobiles.

2021 $10 ¼-ounce Red-Tailed Hawk

This newer gold coin is composed of 99.99% fine gold and features the late Queen Elizabeth II. Like the Canadian Palladium Maple Leaf, the RCM guarantees the quality of each coin.

These coins are especially valuable because of their limited supply, fine gold quality, and connection to the reputation of the late queen. Because of this, these coins have been trading at higher valuations than their spot prices.

How to Buy the Best Collectible Coins

The best way to start buying collectible coins is through a trusted partner like Priority Gold or American Hartford Gold. You can call each company’s trading desk, where associates will walk you through the buying and selling process.

Most reputable brokers insure the coins when they’re sent en route to your location. These partners also make it easy to set up a self-directed IRA, which you can learn more about below.

What to Look for in the Best Collectible Coins

The three main factors to consider when looking for the best collectible coins include mintage number, coin grade, and demand. The Guide Book of United States Coins is a good starting point when determining a coin’s mintage number and demand. Aside from this, dealers like the Chicago Gold Gallery offer free appraisals.

Ensure that each potential coin is in good condition, meaning that it doesn’t have cracks, doubling, or missing elements. These small details can have a huge impact on a coin’s valuation. It might be tempting to clean your coins, but doing this removes luster and patina, which decreases the value. Be sure to store the coins in mint condition to preserve the most value.

Why Collect Coins Instead of Bullion?

The biggest advantage of being a numismatic coin collector is that vintage coins can be worth more than bullion coins. An ancient Roman coin that has some gold content but is extremely rare and in demand could be more valuable than a pure 1-ounce gold coin.

Unlike standard bullion coins, these rare coins can’t be reproduced, which can increase their value. On the flip side, they’re less liquid than standard bullion coins. As a result, vintage coins can be harder to trade, and their dealers aren’t as regulated.

For example, many standard precious metals brokers like the partners mentioned in this guide must register with the IRS because they offer self-directed IRAs. You can also use the U.S. Securities and Exchange Commission’s (SEC’s) database site to look up your potential precious metals dealer’s history.

How to Buy the Best Collectible Coins With an IRA

With a self-directed IRA, you can invest in non-traditional assets like precious metals, real estate, and collectible coins. Like a traditional IRA, you can select your self-directed IRA as tax-deferred or tax-free (Roth).

Fortunately, each partner in this guide can help you create a self-directed IRA in less than 30 minutes. Not all collectible coins qualify to be placed in an IRA.

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How to Trade or Sell Your Collectible Coins

Most of these partners simplify the trading and selling process. Generally, you can trade each collectible coin for a product of a similar value. You could also sell your coins back to the broker, which can save you time and money. Outside third parties, like jewelers and cash-for-gold stores, usually charge higher fees than these brokers.

Are Collectible Coins a Good Investment?

Collectible coins can be a good investment, especially if you’re looking to diversify your portfolio from traditional assets. These coins can match or even beat the rate of inflation.

Rare, vintage coins can have much greater value compared to traditional gold or silver coins. However, these unique coins have minimal government oversight and can be illiquid. If you’re concerned about these factors, you can buy bullion coins through a reputable broker.

Frequently Asked Questions