Economically uncertain times tend to create volatility in many markets, including the rare coin market. Although no one can predict the future, it’s possible some rare coins will lose value.
This guide looks at some of the coins that might lose value before the end of this year.
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1982 Lincoln Penny, Large Date
In 1982, the U.S. Mint changed the way it made pennies. In addition to the changes that year, one version of this penny has a larger date than the others, which makes it especially enticing for collectors. In the past, these coins could fetch above $1,000. As of writing, you can find options for this coin under $300.
If this trend continues, 1982 Lincoln Penny, Large Date coins might be worth less by the end of the year.
2000 $1 Silver Eagle First Strike
The 2000 $1 Silver Eagle First Strike has sold for a record of $974 in 2012. Lately, you can find one of these coins for around $65. Although this coins has already lost significant value, it might lose even more this year.
Honorable Mention: Cleaned Coins
Although it might sound counter-intuitive, cleaning your rare coins can degrade their value. Old coins tend to collect grit — and character — over time, which is normal. If you clean away the history, that can pull the value of your coin collection down.
If you were planning to clean up your coin collection this year, put that project on an indefinite hold. Instead, let your coins age naturally while keeping them well protected by the elements.
Takeaway
Coins aren’t immune from market conditions. The value of rare coins changes over time, with many losing significant value and others gaining significant value. Although it’s impossible to predict the winners and losers, building a well-rounded coin collection based on your unique interests offers a fun pastime.
But if you are trading coins for profit, keep a close eye on the market conditions to avoid getting stuck with a coin that’s collapsing in value.
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