Here are some tips for collecting coins. Coin collecting is an interesting hobby that is easy to start. In fact, some valuable coins can be found in pocket change and otherwise still circulating in the monetary system. Finding valuable coins in circulation is not an everyday event, but this is a common way that many people have got their start in coin collecting. Here are some general tips for collecting coins whether you are an experienced coin collector or just getting started.
I’d seen pictures of the Walking Liberty Half Dollar in my Blue Book, but it just didn’t seem “manly” enough to me to care about a coin featuring (in my words) “some lady in a dress.” Besides that, I didn’t care for the Eagle on the reverse of the coin. It seemed over-sized, and out of proportion to the rest of the coin. But I was required to have one to complete my “Twentieth Century Type Set,” so I went to a “>coin shop East Bend
We know you have coins that need to be cleaned, and we know you’re dying to clean them. So because you’re going to do it anyway, we may as well give you some safe cleaning tips. (Abstinence seems to be out of the question.) Please practice these techniques on inexpensive coins until you feel comfortable cleaning coins that are more desirable. Never clean coins that are valuable – take them to a professional instead. Finally, if you don’t feel comfortable cleaning coins, don’t do it.
Purchase commissions start at 0.8% and rapidly diminish rapidly above $30,000, down to a minimum of 0.02%. We aggregate your investment over the year, so you don’t have to buy all at once to get down to the lower commission rates. So – yes – your fees steadily reduce.
There is one bright piece of information to report. The only investment that has increased in value is gold. Gold coins are valued at $1,947.88 an ounce and the spot price for gold bullion is over $1,844.00 an ounce at the close of business yesterday. Some bullion dealers believe that gold will hit $5,000 an ounce in the coming year…they may be right or they may be wrong, it’s for you to decide, but those forecasts seems fairly realistic given the economic realities we face today. Gold has increased in value over 600% in the past ten years.
Collecting cans for 37 cents a pound is a tough way to make a living. Here in Michigan and other states, however, there’s a 10 cent deposit on every beverage container. During festivals I see people with bags of hundreds of cans they collected in the parks and garbage containers. Some travel here every year during the Cherry Festival, just to collect returnable bottles and cans that week.
In other words now that know the old coin value you can keep it in your collection and start hunting for more old coins or could you sell the coin. Of course there’s also a good chance that if you hang on to your old coin long enough, the value of it will climb steadily over the years.