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Thats well below the recommended goal of having up to eight times your annual income saved by this age.
Separate research from Prudential found that two-thirds of 55-year-olds fear theyll outlive their retirement savings.
One way to lower the likelihood of that happening is to cash in valuable items including rare coins.
You might even have rare, valuable coins sitting around the house without even realizing it.
What Makes a High-Value Coin
Coins are usually rare due to an error in the minting process.
For hardcore collectors, there are also a couple of older and very rare European coins listed.
Keep in mind that only coins in top condition will fetch the highest prices.
Overstamps are rare to begin with, but this one stands out because it involves two separate years.
Values of all varieties can range from $2,000 to $75,000.
However, those in pristine, uncirculated condition typically sell for $10,000 or more.
About 40,000 were minted, but circulation was limited and most were eventually melted down.
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