Buying rare Bicentennial coins can be a rewarding experience, whether you are a collector, investor, or simply someone with an appreciation for U.S. history. The 1976 Bicentennial coins, including the Bicentennial Quarter, Bicentennial Half Dollar, and Bicentennial Eisenhower Dollar, hold both cultural and monetary value, making them a sought-after addition to any coin collection. However, purchasing these coins requires careful attention to detail to avoid mistakes that could result in overpaying or acquiring counterfeit or damaged coins. This article will highlight the top mistakes to avoid when buying rare Bicentennial coins, ensuring that you make an informed purchase and maximize the value of your collection.
Bicentennial Half Dollar
The Bicentennial Half Dollar features Independence Hall on the reverse and is made of 40% silver. It is one of the more valuable coins in the Bicentennial series, as its silver content alone can make it worth more than its face value. However, just like the Bicentennial Quarter, the condition and any potential mint errors can dramatically influence the price.
Common Mistakes When Buying the Bicentennial Half Dollar:
- Ignoring Silver Content: While the Bicentennial Half Dollar contains 40% silver, some buyers overlook this fact. Silver coins are often worth more than their face value due to the intrinsic metal content. Ensure you account for this value when purchasing.
- Buying Damaged Coins: Coins with significant damage, such as deep scratches or discoloration, can lose value. Always inspect the coin closely to avoid purchasing a damaged piece.
Bicentennial Eisenhower Dollar
The Bicentennial Eisenhower Dollar commemorates the U.S. Bicentennial and features the Liberty Bell and moon on the reverse. Like the Half Dollar, some Eisenhower Dollars are made with 40% silver, which increases their value. Its large size and unique design make it a standout in any collection.
Common Mistakes When Buying the Bicentennial Eisenhower Dollar:
- Not Recognizing Silver Variants: Some Eisenhower Dollars are made of 40% silver, and these variants are significantly more valuable than their copper-nickel counterparts. When buying, confirm whether the coin you are purchasing contains silver, as this can greatly affect its value.
- Focusing Only on Appearance: While the Eisenhower Dollar is an eye-catching coin, collectors should also consider other factors such as rarity, the condition of the coin, and whether it has any special minting errors that could affect its value.
Buying rare Bicentennial coins can be a rewarding investment, but it requires careful attention to avoid costly mistakes. By verifying authenticity, researching the coin’s value, considering its condition and silver content, and looking for minting errors, you can ensure that your purchase is a sound one. Taking the time to understand the factors that affect a coin’s value will help you build a collection that not only brings enjoyment but also holds lasting financial value.
FAQ’s:
How can I tell if a Bicentennial coin is real?
Buy from trusted dealers and consider getting your coin authenticated by a professional grading service like PCGS or NGC.
What is the value of a Bicentennial Half Dollar?
Its value depends on condition, silver content (40% silver), and any minting errors. Coins in good condition or with errors are worth more.
How do I know if my Bicentennial Eisenhower Dollar contains silver?
Check if it’s made of 40% silver (not copper-nickel) or verify by consulting its description or testing with a magnet.
What should I check when buying a Bicentennial Quarter?
Ensure the coin is in mint or uncirculated condition and free from scratches or discoloration. Look for any rare minting errors.
Are there rare Bicentennial coins with errors?
Yes, some Bicentennial Quarters have rare errors, such as doubled dies, which increase their value significantly.