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Article #257: Coin Collecting and Investing Tactics for Future Profits

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






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