Investing in gold coins and collecting coins are both valuable ventures. However, collectors tend to purchase valuable coins as a hobby due to their rarity, while investors invest in gold coins as a hedge against a dwindling economy. Either way, both collectors and investors have one thing in common: a strong appreciation for gold coins.
If anyone could pick a day for the explosive beginning of coin collecting in America, then May 25, 1857, would be a likely candidate. According to David Thomason Alexander, the author of “10 Great Moments That Shaped American Coin Collecting,” copper was used in the Flying Eagle cent as the base material for the penny. It was unpopular, but news that the large cent would soon be no more caused people to want to find and save the coin. Continue reading Gold Coins: Should You Be Collecting or Investing?
Coin collecting is fun for every age. It’s interesting to learn about rare coins and read whimsical stories regarding their manufacturing (“coining” or “coinage”) and distribution or circulation. When buying and selling coins, the first thing to know is this: Things change. Values change. The rare coin your grandmother cherished may now be worth less than the meltdown value of coins in your son’s collection.
The next important thing to know is this: You need a mentor or at the very least a trusted, “name-brand” local coin dealer. Coin dealers are not created equal. Continue reading Coin Dealers: 4 Tips To Find the Best
Calling all coin collectors! What is the number one rule when you’re planning to sell coins in gold or silver? Make sure you get the best price for your unique collection, of course. Thankfully, you don’t have to be a savvy coin expert to maximize the return on your investment. All it takes to sufficiently pad your wallet is a healthy dose of industry insight from local experts who are in the know.
In this blog post, we’re sharing the following helpful insider secrets on how to sell gold and silver coins for the most money:
- Check the current market value
- Authenticate and appraise your coin collection
- Follow storage and handling best practices
- Choose a trustworthy dealer
If you want to sell coins, keep reading as we dive deeper into these hints for getting the most bang for the buck.
Continue reading How to Sell Gold and Silver Coins for the Best Price