United States rare coins represent the growth of our great nation and can take us back to many defining moments throughout our history. Such treasures have been collected since the birth of our nation and are so exclusive that coin collecting has been called “the hobby of kings.” Indeed, wealthy families have owned United States rare coins as both a source of pleasure and wealth preservation for many years.
Due to their small size and high value, owners are easily able to move large amounts of wealth very quickly at any time. The coins are encapsulated and hermetically sealed in plastic by the certification companies that guarantee authenticity and condition. This provides a safe way to travel without the concern of damaging the rarity and affecting value.
All transactions in dealing with rare coins are completely private and rare coin firms are not required to issue a 1099 or K1 for transactions. This makes the buying and selling of coins very fast, private, and convenient.
Rare coins are not commodities. Each transaction consists of a willing buyer and seller. There is no limit to the upside potential when owning something that is irreplaceable. Thus, availability is ultimately more important than price, and the seller can be in an extremely powerful position as the buyer cannot simply go elsewhere to acquire the item. This benefit also assists in estate planning due to the flexibility one has in regards to valuation.