| When you begin pricing coins make sure you | | | | idea of how much the coin you want to buy is |
| know if you are getting wholesale or retail prices. | | | | worth in today's market. You might want to |
| The retail prices would be prices you would | | | | check for local numismatists groups who would be |
| expect to pay for the coins you want to | | | | able to help you in pricing coins. |
| purchase. Wholesale prices are what a dealer or | | | | When using guides to price coins, you need to |
| individual would pay you for your coins. They | | | | remember that the guides are not set in stone. |
| generally pay out the average wholesale prices to | | | | You should look at several guides to determine |
| sellers because this allows them to make a profit | | | | what you would be willing to pay for a coin, or |
| when selling the coins. | | | | what you should ask for a coin you are selling. |
| There are many tools available to you when you | | | | You also need to check and see what similar coins |
| are pricing coins. There are coin value sites on the | | | | are selling for. You can check online auction sites |
| internet. These sites are updated frequently to | | | | as well as information published by auction houses |
| keep the prices current. You can also buy books | | | | concerning coin auctions. Another source of |
| that tell you the value of individual coins as well as | | | | information would be a local store that deals with |
| prices for coin sets. The books may become | | | | coins on a daily basis. Most of this information is |
| outdated on coins of gold or silver as the value of | | | | available to the public. |
| these coins goes up and down depending on the | | | | You may want to start pricing coins with coins |
| price of gold and silver on the market. These | | | | you may have in your pocket or in a jar of coins |
| pricing guides list the wholesale and retail prices for | | | | you are saving. You might find a penny that is |
| different grades of coins. You should have some | | | | worth 3 cents or a dime that is worth a dollar. If |
| knowledge of coin grades to determine which | | | | you find that you have a genuine interest in |
| category your coin falls into. | | | | collecting coins you can look to see what coins |
| Your local library may also have current guides for | | | | are available in your price range. Some of the |
| pricing coins. Some banking institutions may also | | | | online pricing guides offer a free service to match |
| have valuable coin information. You would need to | | | | you with a seller who has coins you are |
| check with your local bank and see if they have | | | | interested in buying for your collection. |
| any helpful information available. They may be | | | | Remember whether you are just starting out or |
| able to refer you to the proper person who can | | | | have been a coin collector for years there is |
| help you with pricing coins. | | | | much to learn about pricing coins. Reliable sources |
| There are always coin experts who may help | | | | are your best bet for getting the correct |
| with pricing coins for you. Some may charge a | | | | information you need to make an informed |
| small fee, but if you are looking to sell a coin, they | | | | decision. Pricing coins requires knowledge of |
| may provide this service in consideration for | | | | grading coins as well as a desire to learn the |
| letting them make an offer for your coin. If you | | | | history of the coin. Do your research and you will |
| are buying coins you should check with several | | | | be satisfied with your hobby. You get a great |
| sources for information so you can get a general | | | | investment and a fun way to learn about coins. |