Rare coins are those with limited mintages, historical significance, or unique features that make them highly sought after by collectors.
While their value is primarily based on the current market price of the metal, some bullion coins carry numismatic value due to rarity or historical significance.
They are often produced in limited quantities and can become valuable due to collector demand.
Error coins are those with mistakes made during the minting process, such as double strikes, off-center strikes, or missing mint marks.
Collector demand plays a crucial role in determining a coin's value. Coins with popular designs, historical significance, or limited availability may fetch higher prices.
Collectors should be aware of laws governing the buying, selling, and ownership of certain types of coins, especially those considered rare or historically significant.