Buy the Dip: Why NOW Is the Time to Start Collecting Coins
Find out why it's a great time to start collecting coins and learn more about coin collecting!
by Jessie Breheim • October 13, 2023
If you’ve ever caught yourself lingering a tad too long on a shiny penny or a dusty old dime, you’ve unknowingly tapped into a universe brimming with stories, artistry, and rich history — welcome to the world of coin collecting!
Recently, you might've heard financial buffs whispering passionately: "buy the dip." Traditionally, this phrase is nestled neatly into the stock market domain. But let's borrow it for a moment, shall we? Because right now, in the sphere of numismatics (that’s coin collecting, if you didn’t know!), we are witnessing a beautiful dip that deserves your attention.
Coin collecting is not only a smart way to invest your money but it’s a fun way to learn about history, art, and culture. Here are some reasons why now is the best time to start collecting coins and how Heartland America can help you find the perfect coins for your collection.
Beat Inflation with Coin Collecting
Coin collecting is also a hobby that can make you money. Coins are tangible assets that can appreciate in value over time, especially if they are rare, high-quality, or in demand. Coins can also protect your wealth from inflation, currency devaluation, or economic downturns. Unlike paper money or digital currencies, coins have intrinsic value and cannot be easily counterfeited or hacked. Coins are also easy to store, transport, and liquidate when you need cash.
Investment? Treasure? Both?
Now, let’s talk investments. Collectible coins, especially those of precious metals like gold and silver, often act as hedges against inflation. When traditional markets do their rollercoaster thing, precious metals typically maintain (or even increase!) their value. So, while you're reveling in the history and artistry of your collected coins, know that you're also engaging in a smart, time-honored investment strategy. Plus, the thrill of the hunt for new coins is an exciting and fun treasure hunt for you to enjoy!
A Lifetime Hobby
Coin collecting is a hobby that can last a lifetime. There are always new coins to discover and collect, and you can choose from a wide variety of themes, designs, and mints. You can focus on a specific country, region, or era, or you can diversify your collection with coins from different parts of the world and different periods of time. You can also collect coins based on their metal content, such as gold, silver, or copper, or their rarity, such as error coins, proof coins, or commemorative coins.
To showcase the different coin types, take a peek at some of our best-selling coins from different time periods:
These Lincoln Wheat Ear Pennies are among the most loved U.S. coins. These pennies witnessed substantial production numbers, making them readily available and, thus, a great entry point for new collectors. Despite their widespread availability, the series also hosts some rare and valuable pieces, from accessible to rare, which generate intrigue and provide opportunities for treasure-hunting adventures.
Minted between 1916 and 1947, the Walking Liberty half dollar is one of the most elegant and beautiful U.S. coins ever minted. It’s carried with pride as America triumphed in WWI, WWII through the Great Depression and beyond, making it an important historical piece to own. Plus it’s lavishly layered in genuine 24K gold!
Own a great set of five Barber dimes that were minted between 1892-1916! These dimes feature Lady Liberty on the obverse and wreath on the reverse. Struck in 2.5 grams of 90% fine silver, these coins are made from material that only increases in value.
Something Everyone Can Enjoy
Coin collecting is a hobby that can be enjoyed by anyone, whether you’re a kid collecting coins at 10 years old or 80 years young! You don’t need a lot of money or expertise to start collecting coins. You can find coins in your pocket change, at flea markets, at garage sales, or from our online store. You can also join coin clubs, attend coin shows, read coin magazines, or watch coin videos to learn more about the hobby and meet other coin enthusiasts.
Not only is it something all ages can enjoy, coin collecting is a hobby that can enrich your mind and soul. Coins are miniature artworks that reflect the history, culture, and values of the people who made them. By collecting coins, you can learn about the political events, social movements, artistic trends, and technological innovations that shaped the world we live in today. You can also appreciate the beauty and craftsmanship of each coin, as well as the incredible stories and legends behind them.
So, Why Buy the Dip Now?
In the ebbs and flows of coin prices, we currently find ourselves in a favorable dip for newcomers and seasoned collectors alike. Prices for certain coins and precious metals are more wallet-friendly than they've been in a while, granting us a golden (or should we say, "silver"?) opportunity to dive in. You can also learn more about rare coin collecting by checking out Investopedia.
🚪 Welcome to the World of Coins!
Entering the world of coin collecting is like embarking upon a treasure hunt where history, finance, and community intertwine. The current market dip presents not just an opportunity for financial investment, but a chance to invest in a new hobby, a new passion, and new friendships.
So, whether you’re drawn to the shimmery light on a silver dollar or the whispering tales from a century-old nickel, remember: coins are not merely metal. They are stories, art, history, and yes, even treasures, waiting to be discovered and cherished by collectors like YOU.
Happy Coin Hunting,
Heartland America Web Content Manager
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