9 Hidden Gems: Undervalued Coins You Should Add to Your Collection Now

In this article, we’ll explore nine undervalued coins that could be valuable additions to your collection. We’ll also cover frequently asked questions to help you understand why these coins are worth investing in now.

1. 1943 Steel Wheat Penny

• Why It’s a Hidden Gem: During World War II, copper was needed for military purposes, so the U.S. Mint temporarily made pennies out of zinc-coated steel.
• These steel cents are common in circulated condition, but finding one in mint state can be a challenge. High-grade examples are undervalued compared to their rarity, making them a great investment.
• Current Market Value: Around $10-$50 for circulated coins; up to $1,000 for high-grade uncirculated coins.

2. 1964 Kennedy Half Dollar (90% Silver)

• Why It’s a Hidden Gem: The 1964 Kennedy Half Dollar is the last regular-issue half dollar minted in 90% silver. Despite its historical significance and silver content, it remains relatively affordable.
• As silver prices fluctuate, this coin could see a surge in demand, especially as collectors recognize its importance as a piece of American history.
• Current Market Value: $10-$20 for circulated coins; $50-$100 for uncirculated examples.

3. 1970-S Small Date Lincoln Cent (Proof)

• Why It’s a Hidden Gem: The 1970-S Small Date Lincoln Cent is a proof coin with a relatively low mintage.
• It’s often overlooked, but those who recognize its scarcity can pick it up for a reasonable price. Proof coins in perfect condition (PR69 or higher) are especially worth seeking out.
• Current Market Value: $30-$100, depending on grade.

4. 2009 Lincoln Bicentennial Cent Series

• Why It’s a Hidden Gem: In 2009, the U.S. Mint released four different designs of the Lincoln Cent to celebrate the 200th anniversary of Abraham Lincoln’s birth.
• These coins were minted in lower quantities than regular cents and have unique designs depicting different stages of Lincoln’s life. High-grade examples and complete sets are still undervalued.
• Current Market Value: $1-$5 each for circulated coins; $10-$50 for high-grade uncirculated coins.

5. 1942-P Jefferson Nickel (35% Silver, War Nickel)

• Why It’s a Hidden Gem: From 1942 to 1945, the U.S. Mint used a 35% silver composition for nickels to save nickel for the war effort.
• The 1942-P Jefferson Nickel is one of the first in this series and is often overlooked by collectors. The silver content and historical background make it a hidden gem that could appreciate in value.
• Current Market Value: $1-$3 for circulated coins; $10-$50 for uncirculated examples.

6. 1976 Bicentennial Eisenhower Dollar (40% Silver)

• Why It’s a Hidden Gem: The Bicentennial Eisenhower Dollar was minted to celebrate the 200th anniversary of American independence.
• While the copper-nickel version is common, the 40% silver proof and uncirculated versions are less so. Their large size and silver content make them attractive coins to add to a collection, and they are currently undervalued.
• Current Market Value: $15-$25 for uncirculated silver coins; $30-$50 for proof silver coins.

7. 1955 Franklin Half Dollar

• Why It’s a Hidden Gem: The Franklin Half Dollar series is often overshadowed by the Kennedy Half Dollar, but the 1955 Franklin Half Dollar has a relatively low mintage of just over 2.4 million.
• It’s a key date in the series, and high-grade examples have significant potential for future appreciation.
• Current Market Value: $15-$50 for circulated coins; $100-$300 for high-grade uncirculated examples.

8. 1916-D Mercury Dime (Good Condition)

• Why It’s a Hidden Gem: While the 1916-D Mercury Dime is well-known among collectors, examples in lower grades are still undervalued compared to their rarity.
• This key date coin has a mintage of only 264,000, and even coins in good condition are worth considering for future investment.
• Current Market Value: $800-$1,200 in good condition; prices increase significantly for higher grades.

9. 2000-P Sacagawea Dollar (Cheerios Dollar)

• Why It’s a Hidden Gem: In 2000, the U.S. Mint distributed special Sacagawea Dollars in Cheerios boxes as a promotional effort.
• These “Cheerios Dollars” have a unique pattern of tail feathers on the reverse, making them distinct from regular Sacagawea Dollars. They are relatively scarce and can be found at a reasonable price if you’re lucky.
• Current Market Value: $1,000-$5,000, depending on condition.

Why These Coins Are Undervalued

Several factors contribute to the undervaluation of these coins. Some are overshadowed by more famous counterparts, while others are overlooked due to their recent minting or lack of widespread recognition.

However, these coins have qualities that make them strong candidates for future appreciation, such as low mintages, historical significance, and unique design features.

By acquiring these hidden gems now, collectors can position themselves to benefit as the numismatic market evolves and interest in these coins increases.

FAQs About Collecting Undervalued Coins

Q1: How do I know if a coin is undervalued?

Research is key. Look at factors such as mintage numbers, current market trends, and historical significance. Coins with low mintage and unique features are more likely to be undervalued. It also helps to follow numismatic publications and stay updated on market prices.

Q2: Where can I buy these undervalued coins?

You can purchase undervalued coins from reputable coin dealers, coin shows, and online platforms such as eBay and Heritage Auctions. Make sure to buy from trusted sources to avoid counterfeit coins. Local coin shops can also be a great place to find hidden gems.

Q3: Should I get my coins graded?

If you believe a coin is in excellent condition or has significant potential for appreciation, having it professionally graded by a service like PCGS or NGC is a good idea.

Grading provides authentication and can significantly increase the value of a coin, especially if it receives a high grade.

Q4: What should I look for when inspecting coins for potential investment?

Pay attention to the coin’s overall condition, luster, and any unique characteristics, such as mint marks or errors. Use a magnifying glass or coin loupe to examine the coin closely. Look for signs of wear, scratches, or other imperfections that may affect its grade and value.

Q5: Are undervalued coins a good investment?

While there are no guarantees in the world of coin collecting, undervalued coins can be a good investment if you do your research and select coins with strong potential for appreciation.

Coins with historical significance, low mintages, or unique features are more likely to increase in value over time.

Conclusion

Collecting undervalued coins is not only a rewarding hobby but also a strategic investment. By recognizing hidden gems like the 1943 Steel Wheat Penny or the 1955 Franklin Half Dollar, you can build a diverse and potentially profitable coin collection.

As the numismatic market continues to evolve, these overlooked treasures may one day become highly sought-after prizes. Happy hunting, and may your collection grow in both beauty and value!.