Many people purchase rare coins to add to the prestige of their coin collections. The number of coins that have been minted throughout history means that coin collections can differ greatly from each other and collectors are constantly competing for the most desired collection. Numismatists in particular enjoy discovering and collecting rare coins from all over the world.
While many people buy rare coins for the joy of collecting, investors can also benefit from collecting valuable rare coins. In most cases, the rarer a coin is, the more it is worth. An excellent example of this is the Krugerrand . Thousands of bullion Krugerrands are minted each year and are priced at the value of the gold that they contain. However, each year, a limited number of proof Krugerrands are struck. Because there are far fewer of them available, proof Krugerrands are worth more than their bullion counterparts, even though they contain a similar amount of gold. |