Why Do Some Coins Increase In Value?

A lot of beginners to coin collecting may assume that the older a coins is the more it is worth. In truth, the age of the coin really has no direct affect on its value. Rather than the age of a coin it is its relative rarity and level of demand that determines its value. As with any other commodity the value of a coin boils down to supply and demand. Generally speaking the older a coin is the more potentially rare it may be. However, mintage numbers of coins through various years, and mintmarks varied widely. That, along with the occurrence of numerous varieties or errors means that it is possible for many older coins to be more common than more recent ones. As an example, the Indian Head Cent was struck from 1859 to 1885. The two most valuable Indian Head Cents are the 1877, at over $400,...