Treasure Coins – Consider these secrets before you buy
These gold-colored plastic coins measure 1¼” across and feature a Roman emperor with words in Latin. Both sides are the same, so if you toss one for a bet, always call “heads”.
Sunken treasure coins can be very attractive to us, when we think we are getting a bargain, or that we believe will increase in value quickly. However, more hype that you see around a sunken treasure coin sales, especially when it comes to sending a famous lost treasure, it is likely that coins actually decrease in value over time. Here’s why …
Sunken Treasures create enthusiasm in the short term
When sunken treasure coins are taught from a ship’s long-lost treasure, is an exciting event for many collectors. Sometimes a lot of new material comes in the market, giving you the chance to get a key or coin rare type that never reached before. But think before you buy: Prices are temporarily inflated by all the publicity surrounding the find? Are you paying a huge premium for the currency came from the Good Ship Lollipop? Will anyone care about this five years from now? Probably not.
New Discoveries Sunken Treasure Cause Prices Fall
One of the things that makes many valuable coins is its rarity. When the number of new copies of a rare type of currency was printed, the value of currencies in general, is deflated. At first, the dealers will probably get the “old” price (and maybe even a bonus because It came from that Good Ship Lollipop), but over time, with several samples in the marketplace, currency values almost always fall . Treasure coins do not have a good history of holding its value based on the state treasury alone.
The coins that have been under water for a long time usually suffer
Another thing to consider sunken treasure coin is its condition. Often, to be under water centuries degrades the condition of coins. Bronze coins suffer greatly in the salt water and silver coins may vary depending on the purity of silver. The purity gold coins generally survive well mostly unscathed. Look for sunken treasure coins carefully before buying, and assess the value of money according to their degree without its sunken treasure insert plate or certificate of authenticity.
Remember that quality investors coins must be of the highest qualification
If you are buying treasure coins as an investment, keep in mind that only recommends the higher grade coins. As a rule, this means buying MS-64 or more items that have been graded and slabbed by a grading service reputation. Since many sunken treasure coins do not survive their ordeal, well, developers often sell lower grade materials in the headlines of luxury and pleasure that you are trying to imply that the condition does not matter because this is a piece of Lollipop. Do not fall into the trap!
Assess the sunken treasure coin on its own merits
When you decide whether or not a piece of sunken treasure worth the money, evaluate the currency on its own merits. Forget the location of the treasure and extra trimmings. Just look at the currency, determine the degree, find the value, and make your decision, while noting that many of these can be flooding the market soon. Better yet, wait four or five years and buy it on the secondary market at a deep discount.
Buy the book before buying the currency
If you are serious about a collection of coins recovered treasure and sunken treasure, take time to educate about the reality of these types of currency. They are probably much more common than most people realize, but if you want to try to invest in this type of material, learn what the quirks are what “garbage” and what grades and conditions copies are found in average
Recommended reading treasure coins
One of the best books on the subject of Spanish coins (which are the most common treasure ship coins) is the one by Sewall Menzel, called cobs, pieces of eight, and Treasure Coins. Another excellent book on the subject, but difficult to find, is Stephen Voynick Mid-Atlantic’s Treasure Coast – Beaches and Treasure Shipwrecks coins from Long Island to the east coast of Maryland. This book is more background on the subject, rather than an accounting of samples of coins, as Menzel’s book. For both books, take a moment to compare prices.
