Tips For Coin Buyers

1. Buying Coins At Local Coin Shops

There are a great many places where you can purchase coins for your collection, but there are a few basic methods that you will need to know so that your purchase can be fruitful.

All states have their coin shops, and you can pay a visit to as many as you can so that you can compare and contrast with regard to quality and price. These coin shops are usually found in the bigger cities. A good idea would be to use your phone book to find the locations of the coin shops situated close to you.

These coin shops are a boon to collectors as they allow you to browse through the collection, and since there are experts on the premises who will be able to tell you the grade and quality, you will be able to get their valuable advice and take advantage of the tips that they will give you.

The only snag is that with local coin shops, the price could be higher since they do not have coins in great excess, so a collector could be paying much more.

2. Purchasing Coins Through Auctions And Via Mail

Another way of purchasing coins is through auctions which is an extremely good way, except that you will need to be familiar with all the procedures and regulations. There are different types of auctions – through the Internet, mail or even by phone. But you must be on your guard and make sure that you do not exceed the price that you have in mind for the coins. There could be aggressive bidding, but you need to keep calm and not go overboard.

You will find that purchasing coins by mail is cheaper and hassle-free. From the dealer’s point of view, they have extremely low overheads, so as a result, they are able to sell coins at a lower rate that is good for a collector.

You will need to be very careful when returning an item – always check the small print on return policies so that there is no hassle. Also, be sure to look out for any scratches or damage when you receive your shipment and check that it is authentic. The coin should be exactly the one that you asked for and should meet your expectations.

Finally, you will realize that it is not really difficult to purchase coins. All you need is the correct information, and whether you purchase it at your local coin shop or at an auction or by mail, you need to be aware of the rules and regulations involved, and once you are satisfied, you can go ahead with your purchase and enjoy your collection.

Silver Coins Value

The silver coin’s value is determined by different factors depending on whether the coin is of numismatic or of bullion character. There are two types of silver coins: silver bullion and silver numismatic coins. Each of these particular types has their advantages and disadvantages to both the collector and investor.

Silver bullion coins are typically minted by the government that offers a sound return on your investment. Silver bullion coins are minted in a variety of weights and the silver coins value is determined by the weight of a particular coin and the spot price of the silver on a given day, including a dealer premium. The silver coin’s value is usually affected by the demand of the coin – if the demand is high among investors, this may lead to higher dealer premiums. Silver bullion coins are traded by a plethora of different countries such as the Canada, China, Mexico, Russia and the United States. Investors find the liquidity factor an advantage when considering investing in these types of coins. Silver bullion coins are also great to have on hand for survival purposes in the event of flat currency collapse enabling you to pay for day-to-day supplies. One of the disadvantages, however, of silver bullion coins is the high premium that is associated with them. In addition, silver bullion coins tarnish easily which may affect their value, therefore it’s important to handle your coins only with gloved hands and store them in properly protected boxes or cases. Since silver bullion coins investment is much more bulkier compared to its gold counterpart, you might also end up paying higher storage fees for it.

Silver numismatic coins are coins that are usually preferred by collectors, although one can invest in them as well. The silver coin’s value of numismatics is assessed on a grading scale, rarity and demand factors. The grade the numismatic coin is given ranging from mint state to what is deemed as the perfect silver coin. In order to invest well in silver numismatic coins, an investor must be very knowledgeable as they pose a high risk. Investors need to know more than just the facts about numismatics when considering investing in them. Similar to art and fine wines, silver numismatic coins investors often face the possibility of collectors who have held their silver numismatics for a long time, coming into the marketplace for a speedy return on their initial investment. When this happens, the silver coins value of the numismatics will drop. This disadvantage is what often steers investors away from silver numismatic coins. Another disadvantage of silver numismatic coins is the types of scams that are associated with them since they are collector’s items. Due to their high scam rate, knowing the ins and outs of silver numismatic coins is important to the collector and the investor.

Silver bullion coins and silver numismatic coins are interesting in their appeal. These particular coins can be highly profitable if adequately researched by either the collector or investor. It is important to consider the advantages, such as the silver coins value; and disadvantages such as potential cons when investing or purchasing these types of coins.

Where Can I Find a Gold Coin Buyer

When the time comes to sell your gold coins, you want the answer to a simple question – where can I sell my gold? As you may have guessed, there are many places online where you can safely sell your gold coins, and take advantage of the current price of gold.

If you are selling gold and you simply want to check out the coin buyers we recommend and what to expect from them and see their prices offered for gold coins, see the link at the bottom of this article.

As the price of gold fluctuates from day to day, it is worth checking the price of gold and prices on offer for particular coins before you jump in and sell. Many of the online gold coin buyers publish ‘buy price’ ‘charts which feature all the popular gold coins like Eagles, Buffaloes, Maple Leafs, Krugerrands, Pandas and Philharmonics, and some of them have their current prices on offer for historical coins like sovereigns, Indian Heads, and St Gaudens too. Of course, their prices will vary with the price of gold, and also according to the condition of the coins you want to sell – proof quality or graded coins will be worth the most, as you would expect.

So, how do you actually sell your gold coins? The procedure with most of the gold coin buyers or gold buying companies is that you make contact, by phone or email, to confirm the price they will give you for the type of coins you are selling. (You will have noted the prices on offer on their website.) You then mail the coins, insured, within a certain period – usually within a day or so – to the gold buyer to receive guaranteed payment at the quoted price.

As there are many reliable services to use when you wish to sell your gold, you can check them all to see which will give you the highest price before you choose one dealer to sell to.

As well as directly selling your gold coins, there are other services called exchanges which allow you to advertise your coins. At an exchange website, you can see what coins other people are selling and what prices sellers are getting when they sell their gold coins. After advertising a coin and achieving a sale, you will be charged a small commission by the exchange. These services are also listed in the link below.

Other options available when you are selling gold include eBay and the many other auction sites. Take note of their fees before you sell. There are also local coin dealers and coin stores, which will often make an offer for your gold coins (phone ahead to check first).

But for many people, it is more convenient (and pays more) to sell the coins and get money for their gold using one of the online gold buyers, who have well-tested and reliable procedures for customers like you who are selling gold coins to them.