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5 Important Things I Learned About Buying Rare Coins

buying-rare-coins

Buying rare coins isn’t monkey business! It takes a lot of money and even more guts to lay out hundreds or even thousands of dollars on a single coin, of course, unless you’re rolling in dough and have plenty of pretty pennies to spend on buying a pretty penny. However, having bought a few pretty pennies myself, I’ve learned a lot about what goes into making a decision to buy a rare coin, and that you don’t want to just go dropping $500 or $1,000 (or much more) on buying rare U.S. … [Read more...]

Filed Under: Hobbies & Crafts, Rare U.S. Coins Tagged With: , ,

Buying Back The Coin I Lost: One Coin Collector’s Story Of Seller’s Remorse

The coin I "lost" - a 1799 Draped Bust silver dollar. photo by Joshua at The Fun Times Guide

Coin collectors always have a story about the coin they lost, coins that they either once had but sold and wish they had back, or coins they saw for sale but passed up because they were looking for a better deal – or simply couldn’t afford the coin. I have had a similar experience. The coin? A 1799 Draped Bust dollar. Ever since I was a young coin collector, a bright eyed 12-year-old, it had been one of my goals to own an early silver dollar. Of course, I wanted an 1804 Draped … [Read more...]

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Should You Sell Your Old Coins?

sell old coins

Is it time to sell your old coins? If you have a coin collection and are in need of a little (or lot of) money, you’re probably pondering the idea of selling those collectible coins. Though you may see the promise of cold hard cash in your hands as a reason to sell your coins, sometimes there are tax implications to selling coins, and you might be selling rare coins that may appreciate in value over the long term. While this post is intended only for informational purposes, and coin … [Read more...]

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5 Essential Tips For Buying Collectible Coins

collectible coins

If you’re a coin collector or simply somebody who appreciates history, buying collectible coins is either something you’ve thought about doing or have already done and would like expert advice on. Because the coin market is ever changing, it can be difficult to know which tips, tricks, and strategies may work best when buying collectible coins. While you may think there are lots of insider secrets when it comes to the coin market, the truth is that using sound judgment, a little market … [Read more...]

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5 Tips For Handling An Estate Collection Of Coins

Handling an estate collection can be one of the most difficult things you'll ever have to do. However, being responsible for securing the sale or disbursal of a large coin collection doesn't have to be hard.While I'm not a lawyer and have no training in legal issues, I'm a longtime coin collector and would like to offer you some tips that you may find helpful if you're in a situation where you're having to handle issues surrounding an estate coin collection.The advice I offer assumes you have … [Read more...]

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Cash For Gold: Scam Or Real Deal?

If you've done any driving around your town, you've probably seen the guys and gals -- many dressed up as cartoon characters, holiday icons, or even gold bars -- advertising cash for your gold coins and gold jewelry. ...And if you haven't seen these folks waving signs on the side of your local roads, you've probably seen the ads on local billboards, TV, or in magazines and circulars. Well, what about them? Are the cash for gold offers a good deal for you or a scam?   … [Read more...]

Filed Under: Coin Values, Hobbies & Crafts Tagged With: , ,

Beware: Gold-Plated Coins Abound On The Market

All that glitters isn't always solid gold. That's the message that many coin collectors need to heed when shopping for gold coins. While the United States Mint and many other mints around the world -- both public and private -- strike solid gold coins (like the American Gold Eagle, the Canadian Maple Leaf, and the South African Krugerrand), there are several offers for 'gold' coins that really are only gold-plated. When shopping for gold coins, make sure you're buying 'solid' gold and not … [Read more...]

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Yosemite National Park Quarter Released In Bags & Rolls

The United States Mint is getting ready to release the Yosemite National Park quarter in both bag and roll quantities beginning July 26. Buying coins in bags and rolls is very popular and a great way to collect large numbers of coins very inexpensively. A 2-roll set (1 roll of Philadelphia and  1 roll of Denver quarters) is available for $32.95. For $35.95 you can get 100-coin bags. If you're interested, be sure you check out the United States Mint's website for more details and to order … [Read more...]

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30th Anniversary Of The Big Boom Time — And Bust — In Coin History

1979 to 1981 -- If you had anything to do with coins in the era, you remember that it was a time of frenzy in the coin world. Values were soaring for gold and silver coins. Even numismatic coins -- coins of greater interest to true coin collectors and students of coins rather than investors -- were generally trending higher in prices each year. To somebody like myself who was but an infant at the time, I can look back at the era not through personal memories but only through history books. … [Read more...]

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Making A Coin Want List Will Help You Acheive The Coin Collection You Want

Putting together your coin want list is kind of like making a Christmas list for Santa Claus... only you have to buy the coins on that want list. Oh, and it may take a while to actually get all those coins!But making a coin want list has several advantages:You can list out all your coin goals in one convenient place.A want list can help a coin dealer track down the coins you need for your coin collection.A coin want list is a great way to visualize what you'll need to round out your coin … [Read more...]

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