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How To Look For and Find Rare Coins

Updated on October 13, 2015

Coin Collecting

How many times have you pulled money out of your pocket and been lucky enough to find a rare coin. Well maybe you have, but for the most part, how to find rare coins is not something we always think about as money passes through our hands. Unless you are a serious coin collector, you probably don't even look. Until recently, I never gave it a thought. It was one day when I was just surfing around on the computer that I started reading about how there are certain coins in existence that are considered rare and if brought to auction could be worth great deals of money One being a 1943 copper penny. That's because, it was a year in history when copper was in great demand therefore only a few pennies, mistakenly were made from copper. Most that year were made from steel. If you have a 1943 penny that does not stick to a magnet, it could be worth money. So how do you find rare coins? There are few ways but it is not easy.

Save pennies and or coins in a jar and periodically go through them. If your grandparents have coins, ask to go through them after doing your research on collecting rare coins. When you get rolls of coins for whatever reason, always check them. Sometimes, pawn shops and antique stores have good deals on old coins. Always pick up pennies or coins you may find on the ground. Gold coins are by far the most valuable especially right now.

Other information I found was that coins with errors on them are often times worth money. Overlapping or blurred letters and or numbers, coins with the same thing on both sides ( double headed) or perhaps a three legged instead of a four legged buffalo on a buffalo nickel. Coin values vary, but if you think you have one that may be worth something, it is certainly worth checking out.

I found it fascinating looking into the different types of coins that could bring a person into some bucks should they have one in their possession. Right now another popular item is anything that is silver especially silver dollars and silver half dollars. All kinds of pawn shops and antique stores are buying silver and gold so why not take your silver coins in and see how much they are worth.

A great place to find some old coins or valuable coins is at sales or auctions. When there is an auction at someone's estate, particularly an older persons estate or a person who may have been a collector, you may find that you can bid on some very valuable copper, silver or even gold. I find it fascinating when I go to an auction and find coins. The more you educate yourself about them the better off you'll be when you find some.

Advice. Look your coins over before you spend them, you might just have a gem in your pocket.

Rare Coins

Indian Head Nickel
Indian Head Nickel

Rare Coin Collecting

Coin Collecting Can Become a Lifetime Hobby

Coin collecting can become a lifetime hobby. Some who started collecting from a very young age now have several thousand dollars worth of old coins. Besides being a profitable hobby if you're good at it, it can be an enjoyable hobby and one that can be shared with others. Some will attend coin shows, some will go to sales in search of old coins, some will search online and others will use metal detectors to find old coins. It can involve a lot of time and activity.

Wheat Pennies

I took some of my own advice and randomly bought some coins at an auction not too long ago. I actually bought a book of wheat pennies from 1909- 1950 or so. I bought the entire blue booklet for $12.50. There were about 75 pennies total. When I got it home I researched how much some of the individual cents were worth and sold some individual pennies for twice as much as what I had paid for the whole book.

That was educational. There is a great deal of information online about the worth of certain coins. Now I always seek old wheat pennies if I have the chance.

Books of Coins

Over the years, collectors have made it a hobby to collect a series of coins and put them in booklets. Books for coins are easy wats to keep track of them and a person can easily look and see which ones are missing in the series so they know which ones to keep an eye out for.

Old booklets of coins are sometimes found at auctions. At times the bid doesn't go too high because maybe the book isnt complete. Bidding on it anyways may be a good idea as just one coin can be worth much more than you might pay for the entire collection.

i have seen people spend hundreds of dollars on just one penny and the reason may be only because they need that one to fill their collection. So on the one hand be coup refuel what you buy but on the other, don't miss a great opportunity to find rare coins.

Finding Rare Coins

Have You ever found a rare coin?

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Which Coins Have High Worth?

If you ever have a chance to go to an auction where there are coins being auctioned off, one of the things you may find to be helpful is to just observe. Pay attention to what people bid on and how much they pay for certain coins. Also, go to antique stores and look in the glass cases and see which coins have high worth and sell for high prices.. This helps give ideas of which coins to look for and which ones to keep and search for.

it really is an interesting hobby. There are many many coins out there. Some are very old, some very rare. The hard part is finding them. But that's also the fun part. The find iis really the most fun of all.

Hopefully some of the things in this hub will help you to look for and find rare coins.


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    • profile image

      Rich far 4 years ago

      I have just found an olympic 50p coin with the words 50 pence on both sides my mistake . What's it worth. ?

    • malonge profile image

      malonge 4 years ago from Western New York On Hubpages

      That's awesome!

    • profile image

      Chris 4 years ago

      Love the article. I got into coin collecting after a friend found a valuable nickel in his loose coin jar. It was an old coin and he just happened to see it while trading in his coins a coinstar. He pulled it out before it went into the machine and took it home. Turns out it was worth $200!


    • profile image

      lol 5 years ago

      a 1944 and 1938 penny dang it

    • profile image

      Kyndal 5 years ago

      I am only a kid and have just started coin collecting but this website has been a big help. ( if you see my dads picture in here do not be surprised.

    • Alladream74 profile image

      Victor Mavedzenge 6 years ago from Oakland, California

      Good advice.Makes a good introduction to coins.By the way there is a 20 pence coin with no date on it in United Kingdom,a recent release in circulation, it can collect upto £50!

    • malonge profile image

      malonge 6 years ago from Western New York On Hubpages

      Great idea. Thanks

    • Adventure Colorad profile image

      Adventure Colorad 6 years ago from Denver,CO

      Also, if you are at a yard sale or estate sale you might find rolls of coins that are being sold to get rid of, you can usually buy these for the face value, i.e 50 cents for a roll of 50 pennies. Go through it to check for older or rare coins, whatever is left, you can take to the bank and deposit.