Learning How To Do The Basic Research For Coin Collecting

cats and coinsIf you are interested in starting a coin collection, it is important that you do some research first. Research for coin collecting should include how to value a coin, how to buy coins, and how to sell coins. There are other areas you will probably want to learn more about as you go on, but these are the first subjects you should learn about coin collecting.

You research for your first house. You research for health benefits in food. You research for cat trees that looks like trees. So why would coin researching be any different?

Learning how to value a coin is important. There are many factors that play into a coin’s value, including condition, metal, and rarity. Coins made from gold and silver certainly have intrinsic value, at least up to the weight of the metal. What makes them valuable, however, is usually how rare the coin is. The probability of a coin being rare is pretty small, so it is usually best to assume they are worth their face value until you do more research.

One of the key factors in the value of a coin is wear. The less wear, the more value. The wear value of a coin is defined as grading. It is also important to learn when and where the coin was minted, how many were minted, and if there are known survivors. You will most likely want to know the price range of a coin. Most dealers will offer less than the full value of a coin and as a coin collector, you need to be aware of what is a fair offer.

1436808024vg6qsIf you are buying coins, you must do your research for coin collection first. Coins are usually sold either by dealers in bricks and mortar shops or online. When buying online, it is important that you have a strong foundation is grading before purchasing any coins from an online dealer. The general rule when buying a coin is not to pay for it until you have a chance to see it and grade it yourself. Until you are well-versed in how to grade a coin, it is usually best to stick with local dealers.

If you are selling a coin, again, unless you are well-versed in grading and valuing a coin, it is best to work with local coin dealers. Before you enter the shop, be sure and do as much research on the coin as possible. It is important to provide details, such as date, denomination, mintmark, and anything else that can help the dealer value the coin.

Starting a hobby collecting coins can be fun and you can learn a lot. Just be sure you do your research for coin collecting before you start buying or selling coins.

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Coin Collecting Is A Great Hobby

file2891273090130One of the best hobbies that a young person can have is collecting coins. A coin collection can provide you with hours of fun and entertainment. It can also help you to be knowledgeable about interesting historical facts. When you study the countries, people, political leaders of a particular coin that was minted you will be amazed at how interesting history can be.

Coin collecting is also a great investment. Rare collectible coins increase in value year after year because they are a physical asset that can be sold or traded. If you are interested in beginning your new hobby you should check out the Amazon Collectible Coins Store. This store has amazing coin collection such as modern coins, rare coins, US mint sets, silver coins, and gold coins. It features unique and authentic collectible coins.

People collect coins in different ways. For example, some coin collectors only collect one type of coin such as silver dollars. Another collector may collect coins from certain eras of history such as World War II. Then there are collectors who will only collect coins from a specific country like the United States. It really does not matter what type of a collector you are because there are many advantages to collecting coins.

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The Case For Platinum Coins – Yes Or No As Investments?

A collector of coins will usually concentrate on two metals – silver and gold – however for some people the rarity of platinum coins makes them extremely collectible.

The value of platinum outstrips gold and is certainly superior to silver – however collectible coins are entirely different and to a certain extent do not reflect the value of the base metals that they are minted from.

Of course the value of collectible coins depends to a large extend on how much trade there is in those coins – and it must be admitted that the trade in platinum coins is nowhere as active as that for silver and gold coins.

However many mints around the world are producing platinum collectible coins – and the subdued market does not mean that these coins will not only retain their value, but also appreciate in value in years to come.

14163113486yj7dSome of the most popular platinum coins are issues by the American Mint. Platinum Eagles have become very popular among some collectors. These coins, first produced in 1997 and are .9995 fine – making them exceptional collectors items and literally worth there weight in this precious metal. They were made in one ounce, 0.5 ounce, quarter ounce, and 1/10th ounce sizes.

The coins were made available in $100, $50, $25, and $10 denominations making them suitable for collectors who are willing to spend varying amounts of money for these increasingly rare coins.

Production of the coins ceased after this initial run and the U.S. Mint turned its attention to the more popular gold and silver versions of the Eagle. The U.S. mint did re-enter the platinum coin market, but buyers are now limited to purchase of the 1 ounce coin. Of course mint editions of the previous runs of the coins are available on the second hand market.

Other countries also make platinum coins available. countries like Canada and the Australia make platinum mint coins available. These coins seem to be a response to the increasing demand from U.S. investors and they are widely recognized as extremely collectible – inline with the reputation that both of these countries have for their gold and silver collectible coins.

It is widely thought that the U.S. mint will revisit the production of platinum collectible coins in the very near future. However it should be mentioned that these coins are perhaps not as easy to trade as the U.S. mints other coins such as the gold and silver Eagle’s – these are coins that should be left to the serious collector who is willing to wait to get full value for the coin, rather than the metal itself.

So if you’re willing to wait and build your collection then platinum coins offer an exception investment – from a sheer rarity and metal investment perspective alone.

If you want a quick return – stick to gold and silver. Countries like Australia, South Africa and the U.S. market fabulous examples of both silver and gold collectible coins which have been proven to grow in value over the short, medium and long term.

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Hi There.

As an avid coin collector I value the history of coins.

Each coin carriers a part of history with them throughout time.

There is a real art into collecting coins, collecting the right coins. It’s not just about picking up a penny, dime, quarter, etc. off the street. It is about doing your research to make sure that they coins your collection would need would value from a new addition.

Next, once you find the coin you are looking for, evaluating the quality and condition of the coin is especially important. If you have a coin that you can’t for sure tell if it’ the exact coin you need, you may be risking quite a bit of time and money.

I will be posting some of my helpful how-tips in coin collecting so that you can make a better qualified purchase for your collection.

-Allen

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