The rare dimes and bicentennial quarter are considered valuable because of their scarcity. They are not commonly found in circulation like regular coins, making them highly sought after by collectors.
The bicentennial quarter commemorates the 200th anniversary of the United States Declaration of Independence, adding historical significance to its value. Similarly, the rare dimes may have unique historical backgrounds or minting errors that contribute to their worth.
There exists a robust market for rare coins and numismatics. Collectors are willing to pay substantial sums to acquire rare pieces to add to their collections, contributing to the high valuation of these coins.
The condition of rare coins significantly affects their value. Coins in mint condition, with minimal wear and tear, fetch higher prices in the collector's market. It's likely that these rare dimes and bicentennial quarters are in excellent condition, further boosting their value.
Proper authentication is crucial in determining the authenticity and value of rare coins. Experts or reputable grading services authenticate these coins, certifying their rarity and quality, which adds to their value.
Rare coins, especially those with provenance and historical significance, are often viewed as alternative investments. They offer diversification from traditional investment assets like stocks and bonds, attracting investors who seek tangible assets with potential for appreciation.
Despite their rarity and high value in the collector's market, these coins remain legal tender. This means they can still be used for their face value in transactions. However, their collector's value far exceeds their face value, making it unlikely for them to be spent in everyday transactions.