Is the 1979 dollar coin a good investment? Understand market value, coin grading, and tips for building a coin collection portfolio. If you are thinking to collect the coins that will increase your profit on investment, then you should consider the 1979 dollar coin as well. This is also known as the Anthony Dollar coin, which is worth something to purchase. There are many people who focus on collectible assets like coins. So, this 1979 dollar coin is gaining much popularity among collectors and investors.
But if you want to know how to invest in the 1979 dollar coin and what you should avoid to reduce the scams, then explore this guide. It will be telling you about all the necessary details regarding investing in the 1979 dollar coin. Moreover, it will also tell you about the factors that help you in purchasing easily and getting a good profit on your investment.
What is the 1979 Anthony Dollar Coin?
The 1979 dollar coin has marked a significant milestone in US coinage history. It was the first coin in the US to feature a real woman whose name was Susan B. Anthony. She was the leader of the women’s suffrage movement. This coin was small and silver in color, and Frank Gasparro designed it. This coin has gained popularity because of its design and its compact size. Along with this, it also has a historical significance which makes it a very notable feast, especially among beginners and collectors.
Tips to Invest in 1979 Dollar Coin Today
Following are some of the strategies you should adopt in order to invest smartly in the 1979 dollar coin.
- Authenticate and Grade your Coins:
Before starting investing, you should always verify the authenticity and grading of your coin. Numerous third-party services provide authentication and certification that protect your investment. These companies include NGC or PCGS. They are highly reputable companies that provide authenticity and credibility to the coin.
- Know Where to Buy and Sell:
To avoid scams and reduce losses, you should stick with credible platforms. There can be auction sites or online dealers. The notable online dealers include JM Bullion, APMEX, etc., while the auction sites include eBay in which you can only purchase from trusted sellers.
Strategy Tips for Building a Coin Portfolio:
If you want to build your coin portfolio and you are going to invest in the 1979 dollar coin, then you must follow these below-mentioned strategy tips. These tips will help you in providing profit on your investment.
- Start Investing Small:
You should always focus on starting your investment with a smaller amount. This will help you in reducing the chances of risk associated with your investment. So, always focus on mint marks that provide you with good profit in return.
- Diversify your Investment:
You should always mix your 1979 dollar coins with other US coins. This will help in reducing the risk associated with investing in a rare asset class.
- Always Stay Informed:
Always remain updated with the investment trends. Also, make sure to get timely updates regarding the 1979 dollar coin investment. This will help you in taking informed decisions and will make you ahead in the investment journey.
Steps on How to Invest in 1979 Dollar Coin
Following are some of the steps associated with investing in the 1979 dollar coin. Follow these steps attentively and you will get good profit on your investment.
1. Understand Dollar Coin
The first step includes understanding the 1979 dollar coin. It was issued in 1979 and comprises copper and nickel. These coins were minted in San Francisco and Denver.
2. Know the Value of Coin
Next, you should know about the value of the dollar coin. This is because numerous 1979 dollar coins range from $1 to $3 in circulated condition. Once you know about the value of this coin in the market and whether it is a good investment strategy, then you should go for investment type.
3. Choose Investment Type
You can easily choose your investment type in which you can invest in uncirculated coins, proof coins, graded coins, or error coins. It will also help you in diversifying your investment and will reduce the risk.
4. Research and Study the Market
Once you have chosen the type of investment in which you want to invest, you should go and research it. For this, you can use various resources, including the PCGS price guide and eBay. You can also go to Reddit and check the real-time updates regarding the coin.
5. Purchase from Reputable Sources
It is necessary to buy the dollar coin from the well-known sources. The sources can be certified online dealers or companies. You can purchase them from JM Bullion, APMEX, eBay, etc. Also, you can go to the local coin shops in order to purchase this coin.
6. Verify the Authenticity
You should always prefer NGC graded coins or PCGS coins which are highly credible and authentic. Also, for checking the authenticity of the dollar coin, you can check it from the packaging, date spacing, and strike clarity.
7. Store your Investment Safely
You should also store your investment safely. For this, you can consider coin flips, slab boxes, or Air-Tite capsules. These will help you in safely storing your investment.
8. Track Market and Your Collection
You can easily track the market and your investment collection. It can be done through various apps including CoinSnap and PCGS Set Registry. You can also use Excel spreadsheet for the tracking of cost and grading of coin.
FAQs
1. Is a 1979-dollar coin made of silver?
Ans. No, it is majorly copper with a nickel coating.
2. Should I clean my coin?
Ans. You should never clean coins because it reduces the significant value of the coin.
Wrapping Up
Investing in the 1979 dollar coin shows historical interest and value growth. You can invest in this coin strategically and get profit in return. If you are searching for a low-risk investment and want to enter into coin investing, then the 1979-dollar coin is a good and affordable choice.