coin collectors

Some Do’s and Don’ts with Coin Collecting

Junk SilverCoin collecting is something that takes time to learn.

The most important thing to remember is that you are doing it for the right reason – if it is a passion, then it is something worth pursuing.

Collecting just for profit may work but it usually is not enough in the long run. A person really has to think about this since many people who have tried it for that reason have lost focus and failed.

Successful coin collectors take a lot of time to learn everything there is to know about numismatics. Good sources of information are the Internet, magazines, newsletters and brokers who can pass on information and news, when it happens. By using the resources a person can act fast before other collectors who want the same thing get the information first.

If a person tries to collect without knowing the basics, he will never succeed in this hobby.

MS69 First Strike American EagleKnowing how to grade coins can also help the collector know the true value of the collection. This knowledge will be valuable if the owner decides to trade for something of greater value or it can prevent scamming and wasting money for something of little value. Be vigilant!

One of the virtues that coin collecting can teach a person is patience since the collection may take years to complete. Some of the well-renowned collectors in the world have spent many years before reaping the benefits.

Learning to think like a collector is very important. Being too eager is not good because the collector could be tempted to purchase or trade the wrong coin which could prove to be costly. Think twice about using the information given even if that came from a reliable source.

Coin collecting can be difficult especially if the person is just starting. A person, more than likely, can’t afford to buy items worth more than $10,000, so it is best to start small and study the market for three to six months so that he can be comfortable before going after bigger prizes.

Coin collecting is similar to sports – it takes time to excel at it and goals, both short and long term, have to be established. By following the rules and using common sense, the person can become one of many other successful coin collectors.

The Verity of US Coin Collecting

Fugio cent

coin collector

Whether they spend it or just collect it, some people are simply born to love the way money provides them the kind of gratification that they seek.

For example those people who are coin collectors simply love the sight of coins and many wish to display their collections as art.

In the United States, coin collecting started as early as 1652. During this period, business people and individuals alike, were known to engrave and distribute their personal coins.

Some people are so interested in coin collecting that they want to seek out various forms and categories and coins. The reason for this fascination for these coins is the very nature of U.S. coins.

The U.S. Mint carefully crafts U.S coins and over the past 30 years it has minted nearly 300 billion coins.

When the Articles of Confederation gave consent for the different states to create or manufacture their own coins, the U.S. coin collections grew at an unparalleled rate. That is why in the middle of 1780’s, states like Connecticut, Vermont, New Jersey, New York, and Massachusetts started creating various coins unique to their states. This prompted the start of “rare coin collection.”

To know more about U.S. coin collecting, here are some of the basic facts that you must know:

  • Fugio centIt was on 1787 that the primary “federally” approved coin of the U.S. was first made. It was in New Haven, Connecticut where the “Fugio Cent,” the name of the coin, was secretly manufactured.
  • The U.S. Mint is responsible for manufacturing the U.S. coins. The agency uses bands of metal that are rolled into loops, with the right breadth and measurements. Each kind of coin uses a particular kind of metal. For instance, metal strips that are made of zinc are used to manufacture pennies, while nickels are made of a 25% “nickel metal alloy” and 75% copper.

For this reason, U.S. coin collecting is further subdivided into categories such as the U.S cent, U.S. nickel, U.S. dime, etc.

People who would like to start collecting U.S. coins, should learn the intricacies or the hobby and find ways to acquire their first coins.

The hobby of U.S. coin collecting is not just a wonderful hobby but also a great way to preserve the nation’s culture and history.

Do’s and Don’ts of Coin Collecting

It takes time to learn coin collecting. The most important thing to remember is that you are doing it for the right reason – if it is a passion, then it is something worth pursuing.

Collecting just for profit may work but it usually is not enough in the long run. A person really has to think about this since many people who have tried it for that reason have lost focus and failed.

Successful coin collectors take a lot of time to learn everything there is to know about numismatics. Good sources of information are magazines, newsletters, the Internet and brokers who can pass on information and news, when it happens. By using the resources a person can act fast before other collectors who want the same thing get the information first.

If a person tries to collect without knowing the basics, he will never succeed in this hobby.

nickelsKnowing how to grade coins can also help the collector know the true value of the collection. This knowledge will be valuable if the owner decides to trade for something of greater value or it can prevent scamming and wasting money for something of little value. Be vigilant!

One of the virtues that coin collecting can teach a person is patience since the collection may take years to complete. Some of the well-renowned collectors in the world have spent many years before reaping the benefits.

Learning to think like a collector is very important. Being too eager is not good because the collector could be tempted to purchase or trade the wrong coin which could prove to be costly. Think twice about using the information given even if that came from a reliable source.

Coin collecting can be difficult especially if the person is just starting. A person, more than likely, can’t afford to buy items worth more than $10,000, so it is best to start small and study the market for three to six months so that he can be comfortable before going after bigger prizes.

Coin collecting is similar to sports – it takes time to excel at it and goals, both short and long term, have to be established. By following the rules and using common sense, the person can become one of many other successful coin collectors.

Types or Specialties of Coin Collectors

If you are a coin collector, how do you categorize yourself?

There are various ways to collect coins as well as the specialties of collectors. Here is how to differentiate the variety of coin collectors.

coin collectorThe Casual Coin Collector: The Most Common One

You will know that you are a coin collector if…

  • you collect coins no matter what your age
  • you collect coins randomly just for the fun of it
  • you do not pay much money for the preservation and purchase of coins
  • you will collect some coins that are already obsolete, those that have been modified and are used my magicians, commemorative coins, those with errors, or those that are out of circulation
  • your collection is made more interesting because of the coins given to you as gifts

The Curious Collector: The Second Level

You will be able to recognize yourself as a curious collector if…

  • you are more interested in coin collecting than simply collecting them because you received them as gifts
  • you don’t mind buying coins, especially if they are inexpensive
  • you are more interested in browsing coin shops than a casual collector
  • you spend time surfing the net looking at coins sold on eBay or other coin sites
  • you collect coins without a clear-cut objective
  • you are inclined to increase your knowledge of coins and might soon contemplate becoming an advanced coin collector as you establish contact with more serious collectors who might inspire you

The Advanced Collector: The Extreme Collector

You can categorize yourself as an advanced collector if…

  • you find yourself smitten by the “Hobby of Kings”
  • you are either a “generalist” (a collector who wants to obtain a wide variety of coins) if you can to obtain an amazing collection you’re your available resource; a “completist” (a collector who wants to collect a complete set of a specific type)
  • you lack resources and will opt for a smaller number of coins to complete a set, if you are a “completist”
  • as a “completist”, you prefer collecting coins from a certain historic period, nation, or you prefer collecting tokens or coins with errors.

No matter what level of coin collecting specialty you choose, it is your choice. What is important is that you find it rewarding and fulfilling.

So, have you found your category yet?

Coin Collecting 101: What Type of Coin Should You Collect?

Coin collecting is a fun hobby to start and the thrill of hunting for old coins is enough for many people to continue doing it. Other people consider coin collecting an investment, something they can receive a profit from. If you are one of those people, then you can find several types of coins in this article that will help you determine what others are looking for.

Learn about Silver

Most coin collectors will look for only a specific kind of coin that will make their collection more valuable and interesting to buyers. Others are collecting for sentimentality and are looking more at the coin’s uniqueness.

Series collectors are those looking for a series of coins that mark every year and every design change made in that coin.

Type collectors are those people who are looking to get one of each coin where there were/are changes made.

Ancient coin collectors are those people looking for coins spanning the years 650 BC – 450 AD. This is the time when coins were invented and there were silver, gold and bronze versions made. It also marks the time when Roman emperors were the rulers and most of them feature famous Roman emperors, Roman towns, or gods.

Token collectors are those who are looking for different kinds of tokens that were used in exchange for real money when there was a lack of coins. These tokens were used as local currency even if the government had not given permission for them to be used.

Coins are also graded. A coin’s grading depends on its condition and the price of the coin will rely heavily on that grade. It is important for a coin collector to know how to grade a coin to make sure that he is not swindled by individuals looking for a quick profit.

“Uncirculated” coins are those coins that are not showing any wear and tear or to referred to as “in mint condition”. A mint state (MS) grading depends on a coin’s luster, contact marks, hair lines and overall appeal. A coin can have a grade ranging from MS-60 (dull luster) to a flawless MS-70. Although MS-70 is considered unobtainable, a grade of MS-65 and higher will make a coin’s price shoot up.

Circulated coins are more forgiving, they do not take into consideration the amount of scratches and dirt a coin has gathered along the years. Grades for circulated coins will vary. AU (about “uncirculated”), EF (extremely fine), VF (very fine), F (fine), VG (very good), G (good), AG (about good), F-2 (fair) and P (poor) are used as indication of how much a coin is worth.

These grades are dependent on a circulated coin’s luster, visible wear, design elements and visibility of letters and numerals. Unlike “uncirculated” coin’s grades, these grades do not dramatically lower a coin’s value. This is wonderful for people who are looking just to complete a collection and do not care about a coin’s mint condition.

Pricing of a coin will usually be determined by a coin’s supply and demand. Very low supply and very high demand will make a coin’s price higher; however, high supplies of the coins will depreciate a coin’s value.

Demand is usually established by coin dealers where they take into consideration the number of people wanting to buy or sell the coins. Once a coin becomes difficult to find, coin dealers will usually make its price higher so that people are inclined to sell extra copies of their coins.

Grading and pricing a coin usually takes a lot of experience to master. Although there are several tips and guidelines to look for in grading a coin, only professional dealers have the final say on how much a coin is worth. It does not hurt to know this grading is done and why your coin was graded differently from what you thought.

Coin collecting is not really about investment, it should be a fun and thrilling hobby. While the overall goal of a coin collector is to complete a set of coins, learning what to look for in a coin is important to make sure that no one can take advantage of your need to complete a particular set.

Getting Started on a Coin Collecting Hobby

Through the decades, people have collected coins for different reasons. In the past, when coins were made of gold, these were collected mainly for their intrinsic value. As far back as the 1st century, accounts show that the Roman emperor Augustus already had a form of coin collecting hobby. He gathered exotic coins which he used to give away as gifts.

Coin collecting today is frequently referred to as numismatics. Strictly speaking though, numismatics is a broader discipline which devotes itself to the study and collection of different types of currency while coin collecting limits its interest to the acquisition of coins. Still, using numismatics as a name for coin collection has become commonly accepted.

The Kind of Collector You Want to Be

peace_dollarIf you want to start collecting coins as a hobby, it is important that you decide what kind of a collector you want to be. You may want to start a coin collection as a serious investor. You may even want to gather certain coins because of their metal value which can be almost twice their face value as currency.

Photo credit: rclatter / Foter / CC BY-NC-SA
Photo credit: rclatter / Foter / CC BY-NC-SA
Or, like many collectors, you may want to collect coins just for fun without care as to type, condition or value of the coins gathered. Your interest in coins may be so expansive that you want to take in many different types of coins. This would make you a generalist like the exiled king of Egypt, King Farouk, who had accumulated 8,500 rare coins and medals at the time of his death.

Investing in Your Collection

You will have to invest not just time and effort but also money in your coin collection unless you plan to gather coins randomly without attaching any importance to value. Make no mistake about it; a coin collecting hobby can cost you a pretty penny.

Expenses in the proper collection of coins will include the cost of basic tools such as a reference book on coins, albums or holders to classify and keep your collection, gloves and a strong magnifying glass. Usually, serious collectors keep a jewelers’ loupe as well. The cost for all these items will be in the neighborhood of fifty dollars. You can look for free reference materials to bring this figure down but if you are bent on pursuing this hobby in earnest, sooner or later you will have to buy a good reference book that you can keep on hand all the time.

Of course on top of the tools you will be using, as a serious coin collector you will be buying some items to add to your stash. A coin can cost anywhere from $10 to $100,000 so it will be up to you to decide on a budget and stick to it.

Deciding What Kind of Coins You Will Collect

Unless you want to be a generalist, it would be good to focus on the kind of coins you will collect. Some collect coins based on country of origin while some do this based on design. Others will gather coins based on the year or the period they were minted or the subject depicted on them. There is a wide range of choices in terms of the kind of coins you want to look for and keep. However, it would be wise to first take stock from the beginning of what you already have and how much you intend to spend.

Photo credit: mr.smashy / Foter / CC BY-NC
Photo credit: mr.smashy / Foter / CC BY-NC
For the person wanting to grow their collection of silver coins, collecting pre-1965 dimes, quarters, and half-dollars might be a good choice. Don’t be misled by the term used to describe these coins – “junk silver”, as they are definitely not junk.

Learning about the Hobby

A coin collecting hobby can be enriched by the wealth of information readily available today about the topic. If you want to indulge in your hobby in an organized and knowledgeable way, find out everything you can about coin condition and value. Practice your hand at examining coins based on universally accepted standards in coin collection. Join a group that shares the same hobby and learn everything you can. If you go into collecting with skill and enthusiasm, your collection of coins can present you with a vast and interesting new world that you can fully enjoy by yourself or with the participation of friends and family.

When the coin price is right


GovMint.com
There are many resources that can help coin collectors, old or new, in determining the value and worth of the coins they have.

There are books out, “The Red Book” (A Guide Book of US Coins), “The Blue Book” (A Handbook of US Coins), as well as coin newsletters and catalogues available at any public or private library, coin dealers/shops anywhere in the US. There are also online guides for the prices of US coins available on the web.

For a synopsis of the price of each coin, the following are the basic values of each cent, penny, or dime in the market.

The United States wheat-cent, the circulated ones

The price of these coins made prior to 1958, or those that are dated 1940, are currently being purchased by coin dealers for two cents each, or less. Those made before 1940 command a much higher price – from a few more cents to a few dollars.

The silver-dollars

Silver-dollars from the US, especially those made before 1935, have almost an ounce of silver in them. These coins are the favorites of coin collectors and could be sold for more than their actual value in silver if they are undamaged or not worn severely.

The dollars of Susan B. Anthony

If by luck you happen to get one of these as a change, the value is more than a dollar and proof Susan B. Anthony dollars command even more. They are not easy to fine as they are not usually being circulated.

Quarters, dollars and halves – the bicentennial kind

There were billions of these coins made out, and because there are so many of them, their worth is usually just face value. There are coin dealers however who pay ten percent of the face value as premium for circulated bicentennial coins, and a few dollars more for those that are uncirculated.

A freak coin

Believe it or not, there are two-headed coins out there. Basically, these are coins with two different designs on each face. These coins were made in error and mistake was not discoverer until the year 2000. This type of coins is usually called “mules”. In 1999, it was found that a cent with Lincoln’s face on one side and Roosevelt’s dime image on the other existed.

It you find a coin of this it must be taken to a legitimate coin dealer and assessed to determine if is genuine. If so, this coin could be put up for auction and command a few dollars more.

It is therefore true that a coin is basically worth more than meets the eye.

The Basics of Coin Collecting


GovMint.com
Coin collecting is said to be the “Hobby of the Kings.” Coin collecting is different from money hoarding. Collecting coins as an art form can be traced back to the 14th century. Today, people all over the world are collecting coins. Some collect it for their value, some just like the sheer fun that they get from getting their hands on different coins.

If one is interested in making coin collecting a hobby, he can very well do so. It is a hobby which does not require a certain skill and it can be done by almost everyone.

There are many different kinds of coin collectors. There are those who do it for fun, and others do in a more serious manner.

Informal coin collecting

Most coin collectors, especially the children, start out as informal coin collectors. They are laid-back collectors which do not have a specific goal in collecting coins. They might collect coins from different countries or from different time periods without any intention of being serious about it.

Inquisitive coin collecting

Once the informal coin collector starts noticing the details of the coins, he becomes an inquisitive coin collector. This kind of coin collector won’t bother much into spending money to get coins. He merely wants to appreciate the coins. Soon, he will start to put them in containers or albums.

Advanced coin collecting

An advanced coin collector will collect coins with a specific target in mind. He may want to collect coins from a certain nation, or a certain time period.

There are many tracks which coin collectors pursue when engaging in their hobby. Here are some of the ways one can use in collecting coins:

Coin collection according to nation

Many coin collectors would want to collect coins from a certain nation during a certain period of time. This kind of coin collection lets the collector travel the globe through the coins. People may want to collect coins from countries they had visited.

Historical coin collection

Another way of collecting coins is by taking in mind history. Many coin collectors engage in collecting coins during a certain period in history like wars or declarations of independence.

Error coins

There are people who find collecting coins with errors exciting because these kinds of coins are rare nowadays.

There are many ways to collect coins and each way is as fun as the other. One must feel the hobby first before he decides whether to stick with it or not. Coin collecting can require certain amounts of money and the collector must be wise in engaging in such a hobby.

Coin Collections and State Quarters

Coin collections are getting more and more popular these days. A lot of people are already into collecting coins. You see, this hobby is interesting and can be considered an excellent pastime. If you want to start your very own coin collection and you have no idea where to begin, you should check out the State Quarters.

What are State Quarters all about?
Back in 1997, an act was approved and it was called Fifty State Quarter Program. The program started in that same year and run through 2008. The Act is quite popular and in fact, it is the most well-known minted series of coins in the US Mint history.

In 1998, five state quarters were released and it continued for a period of ten years. Every 10 weeks, a quarter was released.

The program also devised a new and unique method of issuing coins – the state quarters were issued based on the year they became part of the US. The state quarters are minted and you can see George Washington’s image at the obverse or front side while on the reverse or back side, you will find a noteworthy design about the specific state.

The program ended in 2008 and after that, the coins were again designed normally, with the reverse side having an eagle design.

Don’t you think collecting these coins is worthy?

You will find it harder to obtain the coins now the program is over because the coins will be considered collectors items and it will be a bit costly on your part.

So, what makes these minted coins different?

Each state chose a unique design which is of great importance to it and the current governor of the state determined the process of selection. Some of the states designated a certain design committee while other states held contests among the residents who came up with a significant and unique design. Some states posted various designs of the coin in their official site and the residents simply placed online votes and the coin that gets the highest votes win.

The coins are greatly in demand and besides, these coins will not be minted ever again. The price of these state quarters will naturally increase as years pass and currently, some of the older state coins amounts to $1 each or even more depending on its condition. Some coin collectors are also into ‘error coins’ collection and these flawed coins can cost more or less $500 each.

The program of State Quarters definitely gained extreme popularity in the US and some people were into some sort of business revolving on the said minted coins. Coin holders are popular and coin collectors can purchase them so that they can keep their collections in an attractive holder.

Youngsters and old alike can now start collecting coins through the State Quarters. If you want, you can inquire at your local state office and see if the coins are still available.

What Type of Coin Should You Collect?

Coin collecting is a fun hobby to start and the thrill of hunting for old coins is enough for many people to continue doing it. Other people consider coin collecting an investment, something they can receive a profit from. If you are one of those people, then you can find several types of coins in this article that will help you determine what others are looking for.

Most coin collectors will look for only a specific kind of coin that will make their collection more valuable and interesting to buyers. Others are collecting for sentimentality and are looking more at the coin’s uniqueness.

Series collectors are those looking for a series of coins that mark every year and every design change made in that coin.

Type collectors are those people who are looking to get one of each coin where there were/are changes made.

ancient gold coinAncient coin collectors are those people looking for coins spanning the years 650 BC – 450 AD. This is the time when coins were invented and there were silver, gold and bronze versions made. It also marks the time when Roman emperors were the rulers and most of them feature famous Roman emperors, Roman towns, or gods.

Token collectors are those who are looking for different kinds of tokens that were used in exchange for real money when there was a lack of coins. These tokens were used as local currency even if the government had not given permission for them to be used.

Coins are also graded. A coin’s grading depends on its condition and the price of the coin will rely heavily on that grade. It is important for a coin collector to know how to grade a coin to make sure that he is not swindled by individuals looking for a quick profit.

2012 Silver Canadian Maple Leaf Dragon Privy“Uncirculated” coins are those coins that are not showing any wear and tear or to referred to as “in mint condition”. A mint state (MS) grading depends on a coin’s luster, contact marks, hair lines and overall appeal. A coin can have a grade ranging from MS-60 (dull luster) to a flawless MS-70. Although MS-70 is considered unobtainable, a grade of MS-65 and higher will make a coin’s price shoot up.

Circulated coins are more forgiving, they do not take into consideration the amount of scratches and dirt a coin has gathered along the years. Grades for circulated coins will vary. AU (about “uncirculated”), EF (extremely fine), VF (very fine), F (fine), VG (very good), G (good), AG (about good), F-2 (fair) and P (poor) are used as indication of how much a coin is worth.

These grades are dependent on a circulated coin’s luster, visible wear, design elements and visibility of letters and numerals. Unlike “uncirculated” coin’s grades, these grades do not dramatically lower a coin’s value. This is wonderful for people who are looking just to complete a collection and do not care about a coin’s mint condition.

Pricing of a coin will usually be determined by a coin’s supply and demand. Very low supply and very high demand will make a coin’s price higher; however, high supplies of the coins will depreciate a coin’s value.

Demand is usually established by coin dealers where they take into consideration the number of people wanting to buy or sell the coins. Once a coin becomes difficult to find, coin dealers will usually make its price higher so that people are inclined to sell extra copies of their coins.

Grading and pricing a coin usually takes a lot of experience to master. Although there are several tips and guidelines to look for in grading a coin, only professional dealers have the final say on how much a coin is worth. It does not hurt to know this grading is done and why your coin was graded differently from what you thought.

Coin collecting is not really about investment, it should be a fun and thrilling hobby. While the overall goal of a coin collector is to complete a set of coins, learning what to look for in a coin is important to make sure that no one can take advantage of your need to complete a particular set.

What is PCGS Certified Coins?

Have you been a keen coin enthusiast?  You are!?  Then, I am sure you have heard of PCGS?  No…?  Well, I am sure you have come across certified coins…?

Yet exactly what is a certified coin?  And who or what’s PCGS?

Well, to be aware of this we need to travel back to a period when there were no certified coins neither any certified coin traders.  A time when enthusiasts had to do their particular research and grade the standard of their very own coins as well as the coins they desired to buy.

This is a very tough time in the coin enthusiast in the world!  And the difference of one or two grades could mean plenty of dollars.  For example, lets say you’ve got this Coronet Type half cent from 1840.  You are wanting to promote the coin and you graded it a MS65.  That should enable you to get a simple $300.

So, putting it for sale at the next coin convention, so you obtain a buyer on the hook.  Nevertheless he looks at the coin and grades that it is a MS63.  This is a big difference.  Right now your $300 treasured coin is worth $50 for this purchaser.

Is he becoming truthful OR is he wanting to swindle you?  And this goes either way.  At times you would get some untrustworthy dealers that will try to up the grade on their coin in order to acquire some extra cash in the sale.

Today, if there were simply a trusted third-party who could grade the coin and settle the small dispute.  And there is!  PCGS.

PCGS is a third party grading service company.  PCGS is surely an fair third-party who takes your coin and gives it a certified grade of MS0 to MS70.  After that, to make certain nothing interferes with the certified grade…  PCGS puts the coin into an air tight closed plastic cover.

Contained in the plastic cover is the coin, along with a sheet of paper over the coin which authenticate’s the coin and describes the coin.  Collectors know this as little sheet of paper over the coin the “slab”.

PCGS certified coins are trustworthy by buyers and sellers alike.  This makes them a fantastic company to beat rating disputes if you ever attempt to promote your coin.

You are able to take your gold coin, silver coin, commemorative coin, and virtually any coin you’ve got and deliver it in to PCGS and they will provide a professional quality.

If you are looking to expand your US certified coins collection…  Then search for PCGS certified coins.  Why?  Well, because they’re great investments, because you know precisely what you are purchasing.  PCGS certified coins may also be passed on from one generation to another and they will keep not just their certified grade, but their innate value.

Take a look around on our internet site.  We have a very good assortment of PCGS certified coins up for sale which you’ll add to your very own collection.

When is the Perfect Time to Sell Coins

When is the perfect time to sell coins? This may be a dumb question if asked of a coin collector however timing really does make a difference. There are times when a collector wakes up in the morning and suddenly makes a decision to sell his precious collection of coins. There are also times that a collector needs to give up his coin collections due for personal reasons and the idea of selling his precious coins may be the most difficult part. No matter what the reasons are, it is a fact that this does occur in the life of a coin collector.

There are many reasons why coin collectors sell their coins – there are coin collectors who are dealers as well. Selling coins is their option and they may use it to generate income so that they can acquire other coins that they like.

Some collectors travel in search of a coin they want and during that travel, they may encounter coins that may not be qualified for their own collection but they buy them anyway. Upon returning home, they sell the coins they have purchased and make use of the money to buy the coins they are looking for.

There are also coin collectors who gather coins not just as their hobbies; these coin collectors use the coins as their source of income. They make a living from selling the coins that they collect. Sometimes they sell the coins to other collectors and price them higher than the usual price of the coins and this is appropriate if the collector owns limited edition or rare coins.

On the other hand, some collectors sell their coins because of other factors. They may sell coins because of personal reasons. Collectors sometimes decide to “give away” their collection because they no longer have any option but sell their coins. This is the most difficult situation for coin collectors as they often value their coins and as much as possible would not want to give them away – the coins may be memorabilia or may have sentimental value to the collector.

Once a collector has decided to sell his coins, he must consider if it is really the right time to sell the coins. Is the collector ready to give away his coins? Is the coin at higher price now? Will it do well and will he benefit from selling his coins? These factors should always be considered.

There are other options available to determine where a coin collector could sell his coins. He may want to sell the coins at auctions. Many people now prefer the option of putting their belongings up for auction and this is not limited to coin collections.

There is also a higher chance of having the coin sold at a higher price since auctions include bidding processes. Buyers may bid for a higher price especially if the coin being sold is of rare quality and has a higher value.

A collector may also want to put up a website to advertise the coins that he would like to sell. The Internet is the easiest way for collectors to search for coins. In addition, putting the coin on the Internet will make the selling an easier task. The collector may put up his own website and place the pictures of his coins and some brief descriptions on it. He should also note how much he is willing sell them for.

There are other options too: the seller may want to do a dealer-to-dealer negotiation. He can go directly to coin dealers and sell his coins. The dealers then can sell the coins that they purchased to other dealers.

It is important to compare prices between one dealer and another as there is always a chance that one dealer may buy the coins at a higher price than other dealer. It is wise to shop for dealers and then decide which you one you want to deal with.

It is also recommended that collectors who decide to sell their coins use a coin grading service. It is very important so that the seller not end up a loser when he sells his coins. By using a grading service, the seller will be able to set a price that is based on the assessment made by the grading service who will determine the actual value of the coins.

Most importantly, coin collector should not clean their coins once they have decided to sell them. If they do, the value of the coins will depreciate.

Choosing to Sell a Coin Collection

For those who have been in the coin collecting business for some time, selling a coin collection is as natural as breathing, since they have been a buyer for many years. However, there are some individuals that have come into the possession of a coin collection that do not know how to sell a coin collection they want to get rid of. There are many different people and dealers that are in the market for prime coin collections so that it is fairly easy to find a buyer if certain steps are taken to prepare the collection for sale.

Steps to Take

There are several steps that need to be taken in selling a coin collection, which take time and effort that not everyone is willing to take, especially if the collection is inherited. The first step is to become informed of the value of the different coins in the collection. There are many books that contain this information, but it does take time to identify the different coins and determine what their worth is on the market today. A good Internet source for locating U.S. coin values is coinflation.com. In addition, there might by hundreds of coins that are not worth very much but need to be sold. These books tell how much these coins weigh so that the individual can weigh them instead of count that multitude of coins in figuring out what the coin collection is worth.

The next step is to do more homework, this time on the background of the different dealers that are on the market today that buy coin collections. Some of these dealers are affiliated with a professional organization, such as the Better Business Bureau so that the individual knows that they are legitimate buyers. There are some independent coin collectors that will buy coin collections. It is important to talk to these individuals beforehand to try and screen them for which ones are serious collectors and legitimate rather than a scam artist.

After that, the coin collection should be offered for bids by the different buyers. Not surprisingly, there are some buyers who do not want the coin collection from the person trying to sell their coin collection. There are many different reasons for this, such as the types of coins in the collection, and many dealers are very particular about what collections they invest in. Individuals trying to sell their coin collection should not give up, however, but should pursue other buyers until they have several bids and can decide to close the deal.

Using Coin TV To Locate Rare Coins

If you are an avid collector of currency, you may discover it advantageous to make use of Coin Television to buy your coins. As the term suggests, Coin Television is basically a TV program that permits individuals to watch the TV programs and purchase no matter what they want when it comes to rare coins. This is a exceptionally simple solution to perform the gathering of such currency, as you don’t need to worry about traveling large distances if you’ll want to purchase any uncommon coins. You’ll be able to simply take advantage of Coin TV, and you’ll find that your life as an avid coin collecting enthusiast is much less complicated while you go this route. Nonetheless, for the best effect, it’s essential to do a couple of issues with a purpose to profit from it in maximum effect.

If you are just only now beginning any coin collection, you may need to make use of Coin Television to seek out uncommon, but low cost coins to purchase. In This way, you possibly can easily assemble up your coin collection without the need to spend too much cash. This, nevertheless, isn’t a strict rule. If you’re simply starting out as a coin collector, you can still use Coin Television to search out very priceless coins which you’ll be able to then purchase. The issue with this is that you must have a tremendous capital expense relying on what kind of currency you’ll want to collect.

Whenever you want to collect such coins utilizing Coin Television, you to start with need to figure out what you like. For example, if you’re simply starting out as a collector, you may not be very particular about what you want from the Coin Television choices. Nonetheless, in case you have been established for long as a collector, you’ll be able to then try to discover those uncommon items which are missing out of your collection by using Coin Television too.

The only distinction with the latter is that more often than not, you could not need to concern yourself with some of the coins offered on Coin Television. You just must keep a watch out for those ads featuring coins that you simply actually want. Once you find something that you just love on Coin Television, you’ll be able to simply just call in and then ask for the details on tips on how to go about attaining such coins. In fact, the prices of the coins are presented on the Coin Television channel, which means that you’ll only be making inquiries about the offerings that you are truly really interested in.

There are times when you possibly can not have much time to look at Coin Television, and may end up missing out on some extraordinary deals. Therefore it’s worthwhile to make sure that you simply document the Coin Television, and then watch the program when you’ve gotten extra time. This way, you may simply discover the Coin Television advertisements which might be pleasant to you, even when you’re away or are too busy to observe Coin TV. Whenever you do this, it’s worth noting that you shouldn’t put off watching the programs, since you may discover that a number of the products were already sold.

ISN Modern Coins is a trusted premier Modern coins dealer specializing in the sale of high grade modern day graded and certified government struck coins from around the world. Their wide variety of coins include but is not limited to “Mint State” and “Proof” American Silver Eagles, Australian Koala’s, Chinese Pandas, Lunar Series Coins and much more. No matter your coin need ISN Modern Coins more than likely can fill it.