| A very interesting hobby is numismatics, the | | | | you in classifying your coins and determining their |
| collection of gold coins. If you are considering | | | | market value; |
| numismatics as a hobby, you need to determine | | | | • Keep a notebook or use a computer |
| something first. Are you collecting gold coins | | | | software to keep track of and catalog your |
| purely as a hobby - because you appreciate the | | | | collection. |
| beauty and detail of certain coins, or are you | | | | Once you have determined what type of collector |
| collecting coins as an investment? | | | | you will be, it is time to start adding to your |
| These are two different angles. Collecting gold | | | | collection. There are several types of places |
| coins as an investor means that you will want to | | | | where you can locate gold coins for your |
| purchase the most valuable coins that you can | | | | collection: |
| locate, usually not coins that come in a series or | | | | • Physical store - the advantage over this |
| set from a mint, but coins that are higher in gold | | | | method is that you can physically take your coin |
| concentrations (bullion). | | | | home same day. You can also speak to someone |
| Numismatics as a hobby means that you may be | | | | who has a great deal of knowledge about that |
| looking for a series of coins that come from | | | | particular coin, or another that may be of interest |
| certain mints. The Canadian Mint, for example, | | | | to you. |
| puts out a special series of gold coins annually, and | | | | • Auction - this is the main method that |
| their value does increase over time. | | | | educated gold coin collectors use. |
| Investing in gold coins means that you will always | | | | • Online - always check that you are |
| retain the value of your investment. Gold never | | | | purchasing from a reputable company and always |
| devalues, it only increases. Starting your collection, | | | | insist on delivery, don't allow them to "store" your |
| you will want to keep these things in mind: | | | | coins for you, this is a well known scam - where |
| • Invest in a good quality magnifying glass | | | | you pay for something and then the company |
| with around 7x magnification which you will use to | | | | goes out of business, taking both your money |
| view the details on each coin; | | | | and your coin. |
| • Think of a suitable location to store your | | | | As with any investment, it is a good idea to |
| collection - safety deposit box, album or felt lined | | | | educate yourself thoroughly before you invest |
| drawer; | | | | any of your hard earned money. |
| • Purchase an authoritative guide to assist | | | | |