Finding Rare and Collectible Coins

Coins can also be strikingly beautiful in their ownCoin Collection in Renaissance Times Modern coin
right, with the top designers of a nation striving tocollecting, where the coins are viewed as a work
have their motif chosen for immortality on theof art as well as a collection of valuable legal
face of a coin.tender, is widely thought to have begun with
The history of gold coins dates as far back asFrancesco Petrarca, or Petrarch, who is often
2,700 years ago. The first gold coins in the worldcalled the father of the Renaissance.
were issued in Lydia around 640 B.C. certainOn the flip side of the American Eagle gold coins is
internet websites will provide you with a lot ofa nest full of bald eagles, the national bird of the
information about the history of gold coins.United States. The nest represents the American
Many countries produce gold coins for collectorsdedication to unity and family.
or for commemorative purposes. These coinsEverybody wants to make sure that their
oftentimes emphasize unique aspects of theinvestment is protected, but there are no
country?s culture.guarantees, especially in rare coins. In fact, some
This guide will help you recognize a fewrare coins take years to appreciate to the point
exceptional American rare coins that you justof being able to sell it profitably.
might have lying around your house, shoved in aThis can be done by following what coins are
change jar, or tucked away into a pocket.being sold for, and what dealers are paying for
Physical dirt can be removed by careful washingcoins. You will need to be shown how to assess
with a hand soap and patting dry. Tarnish, calledthe true value of a coin which can be based on
toning to collectors, does not lower the value ofmany factors such as age, mintmark, and
the coin.condition.
Search Engine Marketing SpecialistCoin collecting for investment purposes can be a
Since 1995 SEO/SEM tools, training, andtricky endeavor.
professional "full service" Search Engine MarketingIt would be surprising place to find rare coins at a
help at very affordable rates.flea market, but stranger things have happened.
To the collector, bragging about 'finds' constitutesThese places have different ideas about pricing
one of life's most enjoyable pastimes.which is due to their lack of understanding of how
Some people happily collect more commona coin should be priced. You will find overpriced
everyday coins, going through their pockets atcoins but if you are lucky you might find a rare
the end of the day for them is fun, checkingcoin somewhere in those stacks of coins that will
dates and mintmarks on their change. Somemake it worth your while.
collectors can spend thousands of dollars on rareFlea markets sellers are usually looking for a quick
silver and gold coins from the 1800's and earlysell and would probably give you discounts when
1900's. Some collect coins from differentyou buy their items in bulk. Try to buy other
countries.items and get your coins added as a bonus.
Commemorative coins are a popular form ofAuctions:
collection, as are rare minted coins like thoseIf you are looking to invest in really, really rare
which had an error in their stamping. If a certaincoins, the best place to go would be an auction.
set of coins doesn?t interest you, it won?t be anyAuctions are the only place where you can find
fun at all to become a collector.people selling their rarest and most expensive
If you are interested in making the highest profitscoins. Several of these auctions are happening
possible with your coin collection, you will need toonline at the same time and most of the sellers
find a merchant partner who is experienced in theare looking for the highest bidders. You must be
specific rare coins that interest you, and who willaware and warned that some of these sellers are
sell them to you at a good price.frauds and will not make the price you pay
Finding Rare and Collectible Coinsworthwhile. You should try to learn more about
Coin collecting was started only as a hobby forthese coins and their worth before trying to buy
most people, however you can hear what otherone from an online auction.
people say (or you probably have heard yourself)Other Coin Collectors:
about news of people cashing in on their old coin;Coin collectors usually have duplicate coins that
and that encouraged more people to go on athey are willing to sell for a price lower than its
coin-collecting streak. If you are one of thosemarket value. The only problem is it is hard to
people who want to invest in coins, here arefind another coin collector that collects the same
several places to start your collection.coins as you. The best places to look are online
Coin Shops:groups, forums and (if you have one) local groups.
Many shop owners are dealers that know a lot ofOther coin collectors are the best people to turn
information about coins and are selling coins too.into when you want to start your own collection.
These coin shops are a valuable place to find andThey can offer you tips, discounts and some
gain more information about coins and coinmight even be tempted to give you some of
collecting. These coin shops can be costly, though,their coins to kick-start your collection.
as they are anticipating selling their coins for aCoin collecting is like any other investment the
profit. With enough knowledge and/or havingvalue will fluctuate: they may depreciate in value
someone who know a great deal about coinand/or gain value at any time. The best way to
collecting at your side, you can get great pricesprofit in coin collecting is keep updated with the
for your coins.news and the prices of the coins. This will not only
Coin Shows:help you in not being fooled by merchants but by
There are times when your local mall will have anlearning how to price a coin even without a price
exhibit from several coin dealers and that will letlist.
you see all of the collections and allow you to buyA numismatist holds an ancient coin that has
some coins for a lower price due to thepassed through dozens or hundreds of hands
competition. You will probably also see severalthroughout the millennia. In medieval times, the
new coins that are available and suitable for yourcollection of ancient coins was already popular, but
collection.it was known as a hobby for kings.
These coins shows are great not only for sellersAn avid coin collector will be able to tell you
and buyers but also for coin enthusiasts whovirtually every piece of history that surrounds any
want to see rare and hard to find coins.coin in their collection both because they tend to
Mail Orders/Web Sites:specialize and because knowledge is one of the
There are thousands of dealers worldwide andmost important factors when it comes to starting
most of them have websites that allow buy coinsand maintaining a collection of any value or worth.
and pay for them through mail order or throughPerhaps one day the coin you bought last year will
any online payment system such as Paypal. Youhave gone up in value, but the idea is to buy it so
should do your research on these companies andyou can enjoy it now, and for as long as you
read their terms carefully to make sure that youown it.
can get your money back when you have aBefore purchasing coins, one must do much
problem with the coin you purchased and/orresearch about that coin. He must assess its
received.current market value and make sure that the
For every legitimate web site, there are may becoin is genuine.
hundreds of fake web sites that are justAnd while the rarest and finest of all rare coins
attempting to get your money. You should alwayshave reached stratospheric prices, what does this
ask for feedback from previous customersleave the rest of us? Not much, unless you are
before paying anybody online and remember notwilling to do a little work.
to give out any password or pin numbers.As you can see, sharp-eyed coin collectors can
Flea Markets:really make a profit by keeping their eyes for
The first vital piece of information that you'll needrare coins in everyday transactions.
when considering coin dealers is his or herThe internet is home to a lot of gold coin dealers
professional qualifications. Some importantwherein you can meet all sorts of people from all
questions to ask include, does the coin dealerover the world who are into both buying and
belong to any professional groups? How long hasselling gold coins. Always be on the lookout for
he or she been in business?rare gold coins, and have coins appraised by a
But as time goes by, the number of these coinsgold coin expert to avoid large differences in price.
go down. Some get lost and some are damagedYou can get a silver locating device or a magnetic
beyond recognition.pole for finding loose coins in ditches, under cars,
A similar problem happened in Philadelphia a fewor in other hard-to-reach places. Or simply rely on
years later, when the P on the die of some 1989your eyes to identify those gleaming metal
quarters was clogged with dirt, preventing thecirclets of potential wealth.
coins from being properly stamped.During the Renaissance, popes and nobility began
For most gold coin collectors, there are the highlycollecting coins for their artistic and historical value,
coveted rare gold coins and a lot of gold coinand the name "the hobby of kings" was born.
collectors are interested in these rare gold coinsAlways be on the lookout for rare gold coins, and
that they will offer high bids just to be able to gethave coins appraised by a gold coin expert to
their hands on these.avoid large differences in price.