| When starting a coin collection one of the first | | | | your pricing guide you should be at a point to |
| things you must do is decide what type of coins | | | | start your collection. The next question is where |
| to collect. Several factors play an important role in | | | | do I buy? Ebay is a great portal to pickup |
| this decision such as the price and rarity of the | | | | individual coins. There are a few rules to follow |
| coins you wish to collect. Some of the most | | | | when purchasing a coin on Ebay. First review your |
| popular collections are the 50 State | | | | price guide before bidding. Make sure the seller |
| Commemorative Quarters, American Eagle Silver | | | | has a lot of positive feedback and coins are their |
| dollars, United State Proof Sets, and US Gold | | | | primary product. I would avoid sellers that have |
| Type Coins just to name a few. One of the | | | | only been on Ebay a few weeks or months and |
| simplest ways to start is to set aside a fixed | | | | do not have positive feedback above 95%. I also |
| amount each month to purchase a new coin. I | | | | try to stay away from sellers who have had a lot |
| recommend starting somewhere between $10 | | | | of negative feedback in the last month. If you are |
| and $100 a month. This will give you the flexibility | | | | bidding on an auction try to wait until the last |
| to add a coin or coins to your collection every | | | | minute or two before bidding. That way you can |
| month. When you need to purchase that rare or | | | | avoid a bidding war with another potential buyer. |
| expensive coin you can save your monthly | | | | An easier way to buy coins is to join a coin club. |
| budget until you have enough to purchase the | | | | One of my favorite vendors is the Littleton Coin |
| coin. | | | | Company. They offer several different coin clubs |
| Once you have decided on the type of coins and | | | | you can join. They ship the coins to you every |
| a budget you will need to buy a few items to | | | | month and give you a window of a couple of |
| protect and display your coins. Common items | | | | weeks to decide if you want to purchase this |
| needed for a new collection are coin albums, | | | | months coin(s). If you are satisfied with the coins |
| folders, coin/currency holders, tubes & flips. I also | | | | just keep them and you will be billed automatically. |
| recommend buying a price guide and reference | | | | Remember to start slow and slowly build your |
| book. They will provide you with the latest prices | | | | momentum. I know this method takes time to |
| and coin collector terminology needed to help you | | | | build your collection, but you will find that the end |
| make an informed decision when purchasing a | | | | result is well worth the wait and you haven't |
| coin. | | | | broken the bank! |
| After reading your reference book and reviewing | | | | |