Every day dozens of coins pass through our hands which we promptly pocket but without ever observing what nature they are. Some coins, and not necessarily vintage ones, can reach stellar values if kept in the right conditions. Eg, whoever finds this very rare 20-cent coin could pocket up to 10,000 euros. This highlights even more that we may have owned a real gold mine without realizing it.
In fact, although rare, there are many coins in circulation that could turn our lives around in a totally unexpected way.
What are rare coins?
To understand what it is, we will have to pay attention to whether the coin in our possession is part of a limited edition or not. These are coins produced for specific events and for which the number in circulation is significantly reduced. In the Principality of Monaco, for example, commemorative 2 euro coins have been minted for different occasions.
Well, let’s go through our pockets because they might come cascading money on the lucky ones who find these very rare 2 euro coins.
Alternatively, the price of the coins skyrockets when they have minting defects, i.e. discrepancies with respect to the original print. Precisely to this category belongs the lucky coin we will discuss.
Few people know that this 1 euro coin could be worth almost 100,000
We are talking about a very rare 2003 coin minted in Italy, currently on sale on a well-known online platform at an exorbitant amount. Few people know that this 1 euro coin could be worth almost 100,000 due to the lack of a fundamental detail.
The 1 euro coins represent da Vinci’s iconic Vitruvian Man, the abbreviations of the Italian Republic, Europe, and the 12 stars that symbolize it. Yet, as the seller points out, the coin is missing a star on each side, a feature for which the price is extremely high.
Business prudence
Now we will certainly be more prudent in pausing at the machines before inserting the change, because a coffee could have cost us a real fortune.
However, each coin is unique and the price of a single copy could be indicative.
In fact, if it is true that with coins it is possible to do real business, as mentioned in the beginning, their state of conservation is fundamental. Furthermore, if we think we have found rare coins, perhaps even among the inherited ones, do not trust approximate or improvised estimates. Before closing a deal, it would always be good to have the expert opinion of a numismatic.
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