| While coin collecting is a fun and
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| | basement prices to be found, simply
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| enjoyable hobby for most of us, there is
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| | because the demand is so strong for these
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| no reason it can't be a profitable
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| | coins. In most cases the dealer had to
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| endeavor also with a well thought out
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| | pay top price himself and is unwilling or
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| plan. If you are just starting your
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| | unable to discount the coin.
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| collection or advancing to the serious
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| | Major coin shows are a good place to find
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| money stage lets consider these facts
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| | a wide variety of the coins that you are
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| before taking the plunge.
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| | looking for under one roof with
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| The key dates and semi-keys of any series
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| | knowledgeable dealers from all over the
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| have out preformed the common dates in
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| | country. Internet auctions are risky at
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| all grades in the past and there is no
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| | best, especially when buying raw coins.
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| fundamental reason for that to change in
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| | Be very cautious because a lot of the
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| the future. The market for these scarce
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| | sellers don't know how to grade coins,
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| low mintage coins is driven by supply and
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| | much less know if the coin is a fake.
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| demand and new collectors coming into the
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| | They state in their write up description
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| market should keep the demand strong and
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| | of the coin something to the effect, "We
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| healthy. On the other side of the coin,
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| | are not coin graders you grade using the
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| no pun intended. If you are going to
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| | pictures or the scans we have provided."
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| spend money buying coins for your
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| | The sad part is the Companies running
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| collection, why not buy key and semi-keys
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| | these auctions make big bucks from the
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| with more potential value appreciation in
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| | listing fees, final value fees etc., yet
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| the future? The investment theory here is
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| | they take no responsibility for what is
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| that the coins will have to be held for a
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| | being sold to the buyer and they don't do
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| period of time, maybe years before a
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| | anything to stop the sellers from selling
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| profit can be realized.
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| | coins under these circumstances. Avoid
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| Should one buy slabbed or raw coins? Keep
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| | this type of auction completely.
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| in mind there are fake coins on the
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| | Learn to grade the coins that you are
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| market, especially expensive key date
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| | interested in before you buy the coins!
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| coins. Set a limit that you are willing
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| | The ANA (American Numismatic Association)
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| to pay for a raw coin and don't go over
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| | publishes a good book on coin grading
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| it. When buying coins graded by one of
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| | called ANA Grading Standards. Buy the
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| the major grading services, ANACS, ICG,
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| | book. Many books and articles have been
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| NGC and PCGS you can pretty much be
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| | written by experts on coin grading and
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| assured the coin is genuine and the
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| | are available for specific coin series.
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| assigned grade is close to correct.
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| | Remember coin grading is not an exact
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| Don't buy coins graded by inferior or
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| | science it is a subjective matter that is
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| less known grading services. Note: I
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| | why it is important that you become a
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| have seen slabbed coins that have changed
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| | knowledgeable grader yourself.
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| in color and toning from when they were
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| | Any type of investing carries risk and
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| originally graded due to improper storage
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| | the rare coin market is no different than
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| over time.
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| | other markets in that respect. The coin
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| Buy from a well established dealer so
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| | market can be and is very volatile at
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| that you can return the coin in the event
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| | times. You could loose your money or not
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| that you are not happy with your
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| | make any money at all. You should never
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| purchase. Expect to pay close to the
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| | invest more money than you can afford to
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| current book value for problem free
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| | loose. No one can look into a magic
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| key-dates and semi-keys. If the asking
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| | crystal ball and predict the future. If
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| price sounds too good to be true it
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| | that was true we would all be
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| probably is. There are no bargain
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| | multi-millionaires!
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