Coin Buying Tips

Set a limit and stick to it

- It’s easy to get caught up in the excitement of finding a coin (or two) you’ve been looking for and spending more than you should. If you set a limit on how much you’re going to spend before going to a coin show or into a coin shop it’ll be easier to stay within your budget.

Don’t invest more money than you can afford to lose. Nothing is guaranteed to go up in value.

Look for coins graded by a major grading service

- There’s lots of grading services but not all of them are reputable. Become familiar with the major services and stick with them.

Buy from established dealers or shops

- You wouldn’t buy stocks from just anyone and you shouldn’t buy coins from just anyone either. At least not unless you’re a long time expert. Buying from reputable dealers or shops gives you the ability to return the coin if you decide you’re not happy with it.

If it sounds too good to be true

- Yep, it probably is. Nobody’s giving coins away, so that unbelievably cheap coin is probably just that-cheap.

Major coin shows can be a great place to find both a large selection and a large variety. The dealers come from all over the country and they’re very knowledgeable. And they’re usually quite willing to share their knowledge.

Buy a good book on coin grading, then you can learn about the grading for the coins you’re interested in before you buy them.

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Who Collects Coins
... of trying to obtain all the coins in their chosen categories. The hobbyist can easily move into the investor category. The investor sees the opportunity to increase their original investment in coins. They can appreciate the ... (click here to read entire article)

Even Coins Get Grades
... sophisticated, it s still based on human interpretation. If you submit the same coin to 2 different grading services, you may get 2 different grades. Sometimes even the same service will give a coin a different grade if it ... (click here to read entire article)

Hoarding Or Collecting
... have been going on for centuries and both result in the owner having an abundance of coins. But hoarding is generally done for either the face value of the coin itself or the value of the materials the coin is made from. And ... (click here to read entire article)

Starting Your Collection
... very real chance of losing a good chunk of money if you just jump in with both feet without knowing what you re doing. When you re first starting out, take it slow. Do your homework. There re many different areas of coin collecting ... (click here to read entire article)

$10 Million Worth Of Pennies
... The collection consisted of 301 rare, early American pennies. Often referred to as "large cents", these antique copper coins are about the size of today s quarters. They were minted during the time of George Washington and ... (click here to read entire article)

What Type Of Collection To Start
... a particular period in history. It also includes coins from a particular century. Or those issued during a particular civilization or monarch s reign. Subject - Coins usually depict something. A collection can be of coins depicting ... (click here to read entire article)

Handling Your Collection
... possible. The better the quality of the coins, the more important it is to handle them properly. If you have to handle them, it s best to hold the coins on their edges. The less contact with your skin, the better. Fingerprints ... (click here to read entire article)

Coin Buying Tips

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