February 9th, 2012 — Buying and Selling Coins, Coin Collecting
Anyone living in an area with few coin shops understands how difficult it can be to find the different coins that they are interested in. These different coin shops simply do not have the rare coins that serious coin collectors are looking for, making it difficult for them to continue their coin collections. If you are serious about coin collecting but cannot further your collection through your local stores, you will want to consider online shopping.
Online shopping is a great tool for those who are looking to add some rare coins to their collection. With that being said, online shopping can be slightly dangerous for those who have never done it before. You need to work to understand what to look for to avoid getting ripped off or taken advantage of.
Check Credentials
The first thing that you should do when looking at an online store is to check credentials. If it is an online auction site, you will want to check their auction credentials. Others than that, look for any associations that the website may be attached to and research those associations. There will be online stores who do not have these connections that are still reliable – these connections will simply help you to better understand the safety of using a site.
Check Online Reviews
Online reviews will often be your window into the companies and websites you are looking into. Websites that are scamming their customers are going to be called out for it online. If you search online and notice that a website has a growing number of complaints, stay away from that company and website and find a different website.
Check Payment Options
If you are going to purchase coins online you are going to want to find a website with reliable methods of purchase. PayPal is going to be the type of payment that you will want to see, follow by credit card payments. You should never give banking number information to a website during a purchase.
Check Refund Policy
One of the ways for you to find a reliable online store is to check the refund policy and search online reviews to make sure that refund policy is upheld. You should be able to send a coin back if it is not what you thought you were getting or is not what the description led you to believe you would be getting. If you find a website that states that all sales are final, you may want to move on to another website.
Contrary to popular belief, it is possible for you to find the rare coins that you are looking for online. For everyone one bad online dealer there is a wealth of reputable dealers who are looking to connect you with the coins that you want. Take the time to look for these stores and practice these tips as you shop in these online stores. You will be able to find a reputable dealer and will be able to find exactly what you are looking for.
Photo Credits: Nick Forslund
Originally posted 2011-05-16 03:41:26. Republished by Blog Post Promoter
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February 8th, 2012 — Coin Collecting, US Currency
If you are thinking about getting your child started on coin collecting, you are going to want to get them to stick to one specific niche or theme. This helps to give them direction as they work to start their coin collection and helps to give them specific benefits.
While some people think that a coin collection with nothing but US currency is a bad idea, others think that it is a great type of collection work toward. Looking at the pros and cons of collecting only US currency for a child’s coin collection will help you to understand whether or not this is right for your child.
Pros
- One of the major pros of focusing on US currency for coin collecting with children has to do with history. Coins are one of the many different parts of history, with different coins being minted during different periods in US history. Children will learn about different aspects of history as they research the coins that were minted before they were born.
- Current currency is also offering a glimpse into history, pulling for figures and facts about our history and adding them to the design. Recent state quarters and presidential dollar coins are giving kids insight into our history, providing a base for history discussions in the family. Focusing on US currency can be a great way to get in some extra education with your child.
- Focusing on US currency is also easier for many families, as this type of currency is more readily available. You can easily find both old and new coins at coin shops around the nation, making collecting easier for your child. Foreign currency may be hard to find, depending on where you are located.
Cons
- The only real con to collecting just US currency is the fact that you may be holding your child back from experiencing the culture of other currencies. It can be a great exercise in multiculturalism to collect coins from various countries – your kids will learn how other countries operate and will learn more about their history through collecting their coins. Interesting designs are also a good reason for ids to go beyond US currency, as other countries are more creative and intricate with many of their currency designs.
Sticking with US currency is going to give your child a small sense of national pride while helping to teach them about the history of their country. With that being said, it keeps them from learning about other countries and denies them the interesting types of currency found in different parts of the world. You simply need to think about your child’s collection and what they enjoy. Ask them about the types of currency they would like to collect after showing them examples of both. For many, this is the perfect way to help decide between sticking with a US theme or looking abroad for a coin collection.
Photo Credits: AntTree
Originally posted 2011-05-13 03:25:25. Republished by Blog Post Promoter
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February 6th, 2012 — Coin Collecting, Finding Coins, Rare Coins
Coin collecting is something which has been practiced in America for over 200 years now. It is something which has been enjoyed by people of every age and for many different reasons. When creating or expending a collection, it is normal to seek out the best rare coins you can find. These coins will allow you to have a great collection which will include coins of all different kinds of values. It is important to remember that there are many different places you can find collections at. If you search around, you will be able to find the best coins at the best prices.
Often you will have to sacrifice price a little bit to get the rare coins you really want for your collection. This is the case when you go to a coin shop to get what you want. You can also find many great coins at the coin auctions. One of the favorite places to acquire coins from are the other people out there with their own collections. No matter where you get your coins from, make sure that you are getting the coins that you want at the price you can afford.
Coin Shops
Coin shops are perhaps the most expensive option which is available for buying rare coins. The biggest advantage you get when you buy from a coin shop is that there are constantly coins being bought and sold by the shop. If you get in good with the shop owner, you will be able to get notification when a coin you are looking for makes its way into the shop. This way you will be able to pick up the coins that you want without having to search all over town to find them. Instead, they will find you.
Coin Auctions
Another great place where you can find great rare coins is at the auction. These have literally hundreds of different coins which you can purchase. Best of all, you will be able to see the coins first hand and you will get to examine them before you make a bid to purchase them. With any luck, you will be able to get the exact coins you are looking for at a fraction of the price that you would normally be able to buy it for. At the very least you will be able to cap your bid at the market price.
Private Dealers
The most common way for people to purchase the rare coins that they want to purchase is through private collections. These are people just like you. Even if they have collections which are much more expensive than yours, they still purchase each coin as an individual and stock their collection based on what they feel that they need. You have a pretty good chance of getting the coins that you want at a price which is fair. The only thing to watch out for are people trying to make a huge profit where it is unwarranted.
Photo Credits: Ben Sutherland
Originally posted 2010-09-02 09:03:41. Republished by Blog Post Promoter
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January 4th, 2012 — Coin Collecting
There are many different ways you can add coins to your collection. You can purchase them through other collectors. You can purchase them through coin shops. You can even have them handed down to you from people you know including family members. One of the ways which is becoming more popular to get the coins collectors want is to attend coin auctions. These are held throughout the country in many different cities. In fact, the major cities throughout the United States might have a few different auctions that they have throughout the year.
The way that an auction works is that you will be able to see coins which you normally will not find at coin shops. Best of all, everything is for sale. This means if you have the funds to be able to purchase the coin, you will be able to purchase it at a price which is below what the market values it at. In some cases you will purchase the piece above the valued rate, but for the most part you will be purchasing these coins at a slightly discounted rate which will allow you to find the coins that you are really hoping to buy.
The ANA Coin Auction
The ANA (American Numismatic Association) is one of the most trusted associations for coin collectors. It represents the ethics and the standards that all numismatics should strive for. The auctions which are represented by the ANA are well known to have some of the best pieces you can find. Best of all, you will have a very low chance of running into any counterfeits or pieces which are graded incorrectly. This way you will be able to get a coin which is actually worth the price you purchased it for, if not more so.
Seeking Out the Coins
When you go to a coin auction, you will be given an opportunity to look at all of the coins before the actual selling begins. This is your opportunity to take a more in depth look at the coins you would like to purchase. You will be able to ask questions and take the time to look up the coins in your coin book or through the internet on a smart phone or laptop. Many will seek out specific coins that they need or want at the auction and this is the time to find them. This way you will be able to make a better offer when you are bidding on the coins you want.
Bidding at the Auction
Bidding at a coin auction can be intimidating the first time that you do it. You do not want to drive up the price, but at the same time, you do not want someone else to outbid you. There is a strategy which you can employ which will help you to get better bids on the coins you want. Simply pay attention to the bids others are making before making a bid. If there are two people battling for the coin, do not get involved until one has bested the other. If the price has already gone too high for your tastes, opt out of the bid.
Photo Credits: mukais
Originally posted 2010-08-24 03:26:52. Republished by Blog Post Promoter
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December 17th, 2011 — Buying and Selling Coins, Coin Collecting, Finding Coins, Rare Coins
When you are getting into the world of coin collecting there are several things you need to know. One of the most important pieces of information you need to know is how to go about finding the best rare coin shops near you. You need to know this because there are so many individuals and businesses which are cashing in on coin collector by means of deception. Knowing who to go about finding the best rare coin shops you will be able to better protect yourself from making bad investments or being scammed on the sell of coins on your collection.
Look for the Right Seal of Approval
Here in America coins have there values determined in part by a grading system called the Sheldon Grading Scale. This rare coin grading scale is said to be one of the best in the world. The Sheldon scale consists of 70 points which are used to grade coins based on their condition. The grade of a coin is important because it is what helps to determine the monetary value of the coin and it can indicate how rare a coin is. All reputable coin traders and business in America use this one grading system.
There are three main professional slabbing companies, or coin graders, which are recognized by reputable coin collectors across the country. These companies are PCGS, NGC, and ICG. Most the slabbing businesses outside of these three are considered unprofessional and referred to as basement or garage slabbers.
Since the big three professional slabbers are so widely recognized and align themselves worth reputable rare coin shops you will want to do business at rare coin shops which have been approved by, or has the seal of approval from one of these three companies. This will not only ensure that any coins you are looking at in these shops have been properly and accurately graded.
Note the Service you Receive
Before you go into any rare coin shop do some research about the coins you are looking for. When you go in be sure to ask the individual assisting you questions about the coins you already know the answers to from your research. How receptive the sales person is to answering your questions and how the answers they give you to your questions can be very telling. If the sales person seems guarded and is not receptive to your inquires about the coins or if they give incorrect answers to your questions you will not want to do business in that shop.
The best rare coin shops in America will have sales people who are open and willing to answer any questions you may have about any rare coin in their shop. The best shops will have sales people who are very knowledge about the inventory they carry in the store. Remember, the best coin shops will treat you the best because the want to make you a long time repeat loyal customer.
Photo Credits: Mukumbura
Originally posted 2010-08-10 18:36:22. Republished by Blog Post Promoter
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October 27th, 2011 — Coin Collecting, Military Coins
Whether you were once in the military, or you are a collector all of things militaria, military coins are a great and valuable item to start amassing. There are many different kinds of military coins that are currently available and numerous countries put them out. Whether they are meant to raise funds for defense, or simply to commemorate a special date, many of these coins are worth a great deal of money.
If you are interested in collecting military coins, there are a few things you should know before hand. Typically, you’ll find that the coins are divided up by the specific branch of the military for which they are issued. For example, there are military coins available for the Army, Air Force, Navy and Marines. Many collectors like to focus on one specific branch of the service, especially if they have a tie to that branch.
Military coins are also those that are shared between soldiers in other countries. It was a common practice during World War II to swap coins with allies. This gave soldiers a unique memento of their time overseas and these are considered to be very valuable, especially when you consider the overall emotional value of the coin to a collector.
If you want to buy military coins, there are a few places you can look.
Coin Shops
This is probably the best place to get military coins and you’ll be likely to find thousands at these stores. For those looking for rare coins, this type of store is a treasure box full of new finds just waiting to be discovered. Most towns will have at least one coin shop or one located near by. When you are shopping at one of these stores, ask for any certificates of authenticity if possible and make sure that the coins are authentic.
Flea Markets
In many cases, you can find incredible treasures at flea markets and this is also a great way to add to your collection of military coins. Many people will set up specific military related collectible booths, and you can find a good selection of coins. Others will have a more general approach, so you may need to do some digging to find the coin that you want.
Online Auctions
The availability of military coins has increased exponentially thanks to the Internet. You can now find coins from all over the entire world and you’ll have rare access to coins that wouldn’t normally be available in your area. While there is a little bit of risk that comes with shopping online, when you can’t actually view the coin you’re buying, most sellers are honest and will provide you with authentication. It is still a good idea to read up about the coins you want to collect so that you know what to look for.
These auction sites will typically have great deals on military coins and you can easily stock up or complete your collection in just a few minutes when you buy online.
Photo Credits: kevindooley
Originally posted 2008-09-27 14:10:31. Republished by Blog Post Promoter
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October 20th, 2011 — Buying and Selling Coins
There are plenty of different avenues available for those who are looking for ways to buy coins for coin collecting. The Internet has quickly become one of the more useful ways to collect coins. With that being said, there are some issues to consider and special tips to follow when trying to be an online coin collector.
While there are plenty of different tips that will help you to be the ultimate coin collector online, there are a few that you will want to focus in on. These four tips will help you to avoid any problems as you work to find the perfect coins for your collection.
Review Each Website
The first thing that you will want to do, as a coin collector coin collecting online, is to review each website. You are going to want to make sure that you completely understand each website and what others think about each website. Check online reviews and the Better Business Bureau – each option will give you information on each website and will help you to understand how reputable the company is. Companies known for selling counterfeits and companies known for over-charging will be highlighted through these various reviews.
Check for Safety Nets
Each website should have different versions of safety nets available to you. They will provide a warranty or will provide certification for the coin that you are about to purchase. The more safety nets and purchasing safety precautions you can find for a website, the better.
Do Your Research
You should be sure to do your own research when looking up the coins that you want. Do not rely on the research that is provided by the different websites that you are trying to purchase the coins from. They may skew their information to meet their sales needs and give you a slightly wrong impression on the coin. While reputable websites will not do that, less than reputable sites will.
Hold For Big Purchases
There are some reputable websites out there, websites that you can trust with large purchases. If you are serious about coin collecting and do not want to get worked over by a bad coin collector, however, do not make big purchases online. Make a small purchase from an online store to see if they are legitimate and if they provide exactly what they say they will.
The Internet can make it easier for you to find the exact coins that you need for your collection. With that being said, note that the Internet can also make it easy for scammers and counterfeiters to take advantage of you. You must take the time to look into the website that you are purchasing the coins from and receive assurance that the product is exactly what you are looking for. You must be careful on the Internet, and must not get caught up in the convenience of the platform.
Photo Credits: oceandesetoiles
Originally posted 2011-02-07 03:38:21. Republished by Blog Post Promoter
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