How Do You Get Commemorative Coins?
Limited edition coins are in high demand due to their limited availability. How do you get one? Read to learn more about commemorative coins here.
Did you know that the change jiggling in your pocket might hold greater meaning -- and value?
The top 10 most expensive coins in the world earned collectors upwards of $10 million! That's quite a payday.
Not all coins hold monetary value. Commemorative coins help honor and signify a meaningful time in your life.
From military and police coins to masonic coins, these collectibles hold sentimental and historical significance.
Are you new to the world of coin collecting and wondering how to get your hands on limited edition coins?
Keep reading to discover the ins and outs of coin collecting and how to acquire those unique finds you so desire.
What Are Commemorative Coins?
Commemorative coins are specially designed and minted in honor of significant people, places, and events.
Limited edition coins are especially valuable since only a specific number are produced for a short period of time. Most times commemorative coins are designed and created for a special event that only happens once in a lifetime which only enhances it's value and importance.
Some commemorative coins double as challenge coins and are minted for a specific group or organization, like police, firefighters, and different branches of the military. Challenge coins can also be personalized with specific agencies, officer names, or significant events.
The government's Commemorative Coin Program also mints coins as fundraisers. These coins cost more since proceeds benefit the organization and the community.
These types of coins are usually sold directly to collectors and may hold greater face value because they're unique and limited.
While these coins aren't necessarily more valuable, they are rare, which is why coin collectors are willing to pay top dollar for them.
How to Get Commemorative Coins?
Are you ready to start coin collecting? Commemorative coins are a great place to start, but how do you get your hands on these limited edition items?
Buy From Private Sellers
Your other option is to purchase commemorative coins from private sellers and coin collectors. There are a few pros and cons to this approach.
On the pro side, you can probably find coins that are no longer available through the US Mint. Did you miss your chance to buy a meaningful commemorative coin? The US Mint can't help, but a private seller who secured the coin you want can.
A quick online search of the specific coin you're after will generate a handful of sellers that are willing to part with it.
For a price.
This is the biggest drawback to buying commemorative coins from private sellers.
Coin collectors are in the business of making money. They know exactly how rare the commemorative coins are and they're not afraid to charge top dollar.
You also run the risk of getting a fake or poor-quality coin. If you're buying from online sellers, the picture of the item may not tell the full story.
Chances are, they don't offer any kind of warranty or guarantee, which means you might end up paying way more than the coin is worth.
Remember, though, for some people coin collecting is more about the sentiment and significance of the coin than the price tag.
Classic vs Modern Commemorative Coins
There are two classifications within the category of commemorative coins: classic and modern. The difference is deep-rooted in history.
The first "classic" commemorative coin was produced and released in 1892 to honor the 400th anniversary of Christopher Columbus' journey to the New World.
Over the course of several decades, seven more commemorative coin programs were issued, but with two obvious problems.
Commemorative coins used as fundraisers were susceptible to corruption and the coins appealed more to eccentric interests.
It wasn't until 1982 that the first "modern" commemorative coin was released. The half dollar was minted in honor of George Washington's 250th birthday.
To avoid any financial inconsistencies, all money is paid directly to the government before being allocated to the appropriate fundraiser or organization.
The appearance of the two coins is notable, as well. The sheer variety, detail, and color used to design modern commemorative coins are impressive.
Reasons to Invest or Make Your Own Commemorative Coins
People take up coin collecting for a variety of reasons. Some are simply fascinated by the historical significance while others see it as an investment. Commemorative coins carry special meanings to the individual buying or creating their own commemorative coins. Whether you decide to make your own or buy existing coins, here are a few reasons why commemorative coins make great collectibles.
Rich Historical Significance
Are you a history buff? Or simply love America? Many people collect commemorative coins as a way to honor and preserve the country's great history.
Often made in honor of a historically significant person, place, or event, commemorative coin collectors can pass these meaningful moments and memories onto their loved ones.
History of Service
Have you or a loved one served in the military? Do police officers and firefighters hold a special place in your heart? Or perhaps you're part of the Masonry?
Whatever organization you hold near and dear to your heart, commemorative coins can help memorialize your service and dedication.
Create a Meaningful Commemorative Coin Collection
Commemorative coins are valuable in more ways than one. Aside from the monetary value they hold, these unique and significant coins honor an important person, place, or event in your life.
While some are harder to find than others, the thrill of the chase is just one reason people enjoy coin collecting so much.
Let us help you create your own custom and special commemorative coin.
Browse our challenge coin gallery here for ideas on how to make your next commemorative coin. Ready for us to help you with your next custom commemoratives coin? Reach out to us to get started!
