Collecting coins is a hobby that anyone and everyone could do. But collecting quarters is a hobby that – currently – it is estimated that one hundred six million Americans do. Men, women, and children of all ages are involved in collecting quarters.
Examples of numismatic coins include the American Eagle, and the Canadian Maple Leaf coins. Each of these coins typically demand a price 10%-20% higher than a generic coin of the same weight and quality. Some items are very rare, and demand a price that makes their precious metal content insignificant as far as their value is concerned, such as the 1804 Childs silver dollar that sold at auction for over $4 million.
Metal detectors start under $200. I’ve found a few hundred coins, but none of them have been valuable ones. When the city tore up old sidewalks, a woman in our town used her detector to find coins . She sold one to a local “>coin shop Clemmons
This method is a very convenient and inexpensive way to purchase coins. Most dealers that transact via mail usually have overhead costs that are low so they are able to offer similarly low prices on coins they sell.
Many people buying US rare coins, world gold coins, or bullion coins want it at the lowest price available. This can’t happen with what the credit card companies charge retailers for accepting them. As mentioned before, expect to pay more for your purchase, if you elect to use that means.
Bars are more rare to find in coin shops than rounds, but they are available from time to time. More likely, you will purchase bars from a large dealer over the phone or online. Popular retailers include APMEX, Bullion Direct, and The Tulving Company.
In other words now that you know the old coin value, depending if you are a coin collector or an investor, you can decide whether you want to sell it or keep it for your collection. Keep in mind that if you hang on to your old coins for a long period of time there is a good chance that the value will climb.
