As reported by the Telegraph last week, Coutts – bankers to the Queen – have confirmed coins as the third most lucrative hobby investment over a ten year period as part of The Coutts Passion Index, which tracks the rate at which the price of hobby investments has risen.
And it’s great news for coin collectors, as old coins rank as the 3rd most lucrative hobby. Last year prices for old coins grew at a rate of 9% and over the 10 year period between 2005 and 2014 they have risen a staggering 176%
Classic cars were ranked as the most lucrative investment, with figures boosted by some high profile and high price-tag sales, like the 1962 Ferrari that sold for £24m at auction in California last year.
You don’t need to be a multi-millionaire or break the bank to enjoy the benefits of coin collecting though. You can pick up a coin with a great story for as little as £50 like the Morgan Dollar.
Of course, if you’re looking for something more exclusive, you will need to spend a little more. Something like the the 1909 “VDB” Lincoln Penny from San Francisco would be worth a look.
It is one of the most famous scarce American coins. Only a small amount of the coins were minted with the designer’s initials – VDB – on them because the Mint decided they were too prominent and had them removed before the coin was produced in huge numbers.
You can find out more about the “VDB” Lincoln Penny by clicking here.
Here is the full list of the most lucrative ‘hobby investments’ over 10 years according to the Coutts Passion Index:
- Classic cars
- Old Master and 19th Century art
- Old coins
- Rare musical instruments
- Post-war and contemporary art
- Rugs and carpets
- Impressionist and modern art
- Fine wine
- Traditional Chinese works