Good To Know: Buying Franklin Mint Coins

franklin-mint-coins-photo-by-pbarnhart-cedarpark.jpg You’ve probably seen the ads on TV, the Internet, and in magazines for Franklin Mint coins.

The Franklin Mint is highly respected and sells a variety of collectibles, including:

  • Painted coins
  • Coin sets and coin collections
  • Coin jewelry
  • Graded and slabbed United States coins
  • Old, authentic legal tender coins and banknotes
  • Gift sets

While many Franklin Mint coins and products are beautiful offerings that can be pretty hard for some to resist buying, here are a few things you should consider before buying Franklin Mint coins and novelty coins in general:

  • The Franklin Mint does not strike official, legal tender coins.
  • While the Franklin Mint does sell many, many authentic, unaltered, legal tender coins, it also sells many novelty coins.
  • Novelty coins include those which are not legal tender, have been painted, or may have otherwise been altered.
  • Don’t buy novelty coins with the expectation of them being significant investments.
  • Coin inset into jewelry or otherwise altered lose most if not all their value as numismatic collectibles and investments.

 

Joshua McMorrow-Hernandez

My love for coins and numismatics began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I've also been studying meteorology and watching weather patterns for years. I enjoy sharing little-known facts and fun stuff about coins, weather, travel, health, and living green with others.

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Fun From Around the Web

  • 08curranc

     the coin in the picture posted above…is that worth anything?

  • Anonymous

    It’s a 100-grain coin, or right around 1/5 of an ounce, so with current bullion values, it’s worth around $7.

  • Brian

    who buys franklin mint coins in the US and pays for more than scrap silver pricing?

  • zfQe59

    “The Franklin Mint is highly respected” only in their own minds…