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How to Choose Commemorative Coins

Commemorative coins pay tribute to events, places, people or issues a government deems worthy of remembrance. In the United States, Congress approves the creation and distribution of these coins. In most cases, people can use commemorative coins as legal tender; however, in the United States, the intent isn't for general circulation. The U.S. Mint typically sells commemorative coins directly to buyers. When choosing commemorative coins, there are a few things you should keep in mind.

Instructions

- 1
  Choose commemorative coins with significance to your life. The limited supply of commemorative coins can help ensure they gain value as the years pass, but this isn't a guarantee. Monetary value won't affect sentimental value.
- 2
  Pick a theme for the coins you want to buy. If you want a coin collection of commemorative ones, make a plan detailing the type of coins you would consider buying. For example, you may want to have a collection of coins commemorating influential people in history.
- 3
  Consider the edition of a coin. In some cases, Congress will approve the printing of additional coins, creating a new edition. First-edition coins tend to have more value than consecutive ones, so you may want to purchase coins as soon as the Mint releases them. A limited-edition coin means the Mint will only produce a set number of coins, which can also increase future value.
- 4
  Determine how much time and money you want to spend on your coin collection. Dealers often purchase commemorative coins with the intent of reselling them at marked-up prices after the Mint stops producing the coins. Some people buy coins and then end their collection by selling the coins. The commemorative coins you choose may depend on the price tag and availability.
- 5
  Consult a guide detailing the value of commemorative coins. As with other types of coins, commemorative ones have different values. If the future value of a commemorative coin concerns you, you can compare current values and past trends to estimate a future figure.
- 6
  Evaluate whether you want to buy coins on an individual basis or in a set. Usually, you can get a better price for commemorative coins if you purchase them directly from the Mint as soon as it releases them. In some cases, the Mint will sell commemorative coins as a set. Coin dealers also sell sets but at a higher price.
- 7
  Look for commemorative coins with errors. A number of errors can occur in the stamping process. Mis-struck coins often have a higher value, because they are rarer than ones struck correctly.

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