More Numismatists Info

When investing you want to weigh very heavily towards the coins that are most readily accepted at coin dealerships and markets around the word. Following are some of the most popular styles: American Eagle, American Buffalo, Canadian Maple Leaf, South African Krugerrand, Chinese Gold Panda, and Vienna Philharmonic. Some of the above listed coins are 22 karat gold (Eagles and Krugerrands) and others are 24 karat gold (Buffalos, Maple Leafs, Pandas, and Philharmonics). The great thing about buying a good variety of coins is you will diversify between 22 karat and 24 karat as well. Before buying, make sure you do your research and don't let the coin dealer talk you into something you're not interested in owning.
You can buy a coin book that hold silver dollars in our Silver Dollars Galore store.

If numismatists - those expert in coin collecting and valuation � agree on one thing, it's that coins should never be cleaned. Every coin dealer has horror stories about a non-collector who comes into his shop with a box of shiny old coins. Most of the time, the coins have no numismatic (collector) value at all; they are just old but common coins. But occasionally, a rare former beauty is found in the mix. It's a former beauty because whatever value it once had has been scraped off by an excited finder and a jar of silver polish. The coin, which might have been worth hundreds or thousands of dollars, is now all but worthless.
Buy silver dollars for a great investment.

Whether you are buying from a bricks and mortar dealer or buying online through a website or an auction site like EBay, check the reliability of the dealer. For a store, at least check with the local Better Business Bureau. If the dealer is a member of the Professional Numismatists Guild (PNG), that is a big plus. For an EBay auction, check the seller's feedback rating. If it's very low, or there are many negatives, think twice before spending a large sum with them. On large ticket items, ask if the seller will agree to use Escrow.com. They act as a middleman and the money doesn't pass to the seller until the buyer is satisfied with the item. The buyer will pay a charge, but it's well worth it when big money is changing hands.
Buy gold coins.

In general, I collect pre-1965 90% silver U.S. coinage in very high grades, and I think they are excellent choices for the average person on a tight budget. I also believe that most types of U.S. Nickels are very undervalued right now, as well as later date (2002 through 2007) half dollars in the highest grades. The mintages for these recent half dollars are extremely low! In general, most Walking Liberty, Franklin, and silver Kennedy half dollars are undervalued according to many experts.
Buy us gold coins.

Metal and water do not go well together! Almost everyone intuitively knows to keep their coins from getting wet but many collectors do not realize that even the moisture present in the air (humidity) can be enough to cause damage. Silica gel absorbs moisture that makes its way inside your safe deposit box, safe or other storage area preventing it from reaching your coins and causing damage. Silica gel can be easily reactivated in the oven when it has absorbed as much moisture as it can hold. Before shopping for silica gel, measure the size of the area to be protected and then buy the appropriate size of silica gel for storage space.
Buy US paper money.

how much are silver dollars worth Galore

Should I be investing in rare coins? (Part 2) - Coin Auctions

Tue, 26 Aug 2008 04:49:00 +0000
The Dow was down close to another 250 points on Monday and is officially in a bear market! Oil and gold are both down 20% from their recent highs and yet recently the U.S. Mint stopped selling gold...



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Since the previous US Mint sales figures were reported, the one-quarter ounce 2008-W American Eagle Gold Proof coin has sold out, and that happened Monday.

Fewer and fewer 2008-dated bullion collector coins remain. Only the American Eagle gold and silver uncirculated coins and the 1/10 ounce gold proof eagle are still sold by the Mint.

The one-half ounce American Eagle Gold Proof, which sold out Dec. 24, stands out for the second consecutive reporting period. Sales surged by 5,079 coins, or 87.4 percent. That follows its previous 83.3 percent jump.

To place these numbers in perspective, over 70 percent of its total inventory were depleted within the last few weeks. While these coins may have not been the collector's first pick earlier in 2008, the lack of other options at least garnered their fifteen minutes of fame late in 2008. Will the final remaining 1/10 ounce proof option now see the collector's spot light?

Here are the latest US Mint sales figures for the major American Eagle and American Buffalo collector products:

Read the rest of this numismatic news article »

Labels: buying gold coins | california gold coins | commemorative un gold coins

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