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Buying & Selling Coins

Every year, countless people find themselves unsure of what to buy their loved one.

Instead of giving someone a gift card, cash, a tie or blouse that they almost know for a fact may never be worn, why not give a gift that may reap investment rewards?

You may want to consider giving silver and gold bullion coins.

 

Have you ever heard of the Franklin Mint?

Perhaps you're curious what the Franklin Mint is, what they make, and if they are connected at all with the United States Mint.

Here are the differences between Franklin Mint coins and U.S. Mint coins...

We've all heard about why we should collect coins.

But what are some of the reasons one should not collect coins?

Following is my take on this.

Some reasons coin collecting isn't for everybody.

You've seen the infomercials on TV offering special "one-time only" offers for coins, great deals, and rare coins. But are these claims true? Are these really good deals?

I did some "window shopping" on the Home Shopping Network (HSN) website to see what they were offering and to compare their coin prices to those of Jake's Marketplace, a major Illinois U.S. coin dealer which I have purchased many coins from over the years.

Here is what I found....

Selling coins is something that must be done with careful consideration beforehand.

After all, you wouldn't want to sell your coins for the wrong price, or wind up having to hang onto them for longer than necessary because you chose the wrong (and uninterested) market for selling your coins.

I have sold coins many times over the years. Every time I sell my coins, these are some of the things I factor into my thinking before I commit to selling them:

Is it time to sell my coin?

Will I want it later on?

Am I trading up for a better coin or simply want cash for the sale?

What is my coin worth?

Does the coin have any problems?

Where should I sell it?

Is it time to sell my coin?

Did you know that Jefferson nickels , the 5-cent coin that Americans have seen in their pocket change since 1938, actually contains a few date and mint mark combinations that are considered scarce?

Believe it or not, the Jefferson nickels series contains a few coins with less than 10 million total struck -- a low enough number which, for a popularly collected series like Jefferson nickels warrants these particular dates to be considered relatively scarce.

Making matters all the better is that these scarce Jefferson nickels actually can be found in circulation -- with a bit of luck, of course!

So, which Jefferson nickels are considered relatively scarce, with mintages of less than 10 million?

If you're collecting U.S. coins, you might feel a little limited in terms of what you can collect. After all, it seems to some collectors that there is just not a lot of variety in U.S. coinage.

However, there really is a lot of diversity in U.S. coins. In the United States' more than 200 years of coin production, our nation has seen many types of interesting coins.

If you find yourself a little bored with "typical" modern U.S. coins, then consider these 5 unique types of coins worth collecting.