coin shop Germanton

As a child I began coin collecting, and today, as an adult, I still treasure my Mercury dimes, Wheatback cents (pennies), Buffalo nickels, Standing Liberty quarters and my many other coins and bills from around the world.

That’s a couple of questions rolled into one. First – money laundering. Yes – we must establish the identity of our customers. This is not too onerous for customers or for us. We take deposits only through the banking system direct from the customer’s bank – which should be trusted internationally (which includes just about every major Western bank). We require our users to submit scans of a photographic id (usually a passport or driving licence) and a scanned bank statement which we check to the source of funds. It’s that easy.

Remember we are not under pressure on money laundering. Because we always pay money back to an account in the same name as the money was deposited from (and almost always to the originating bank account) we are not a useful service for money launderers. In operational complexity this is a major advantage over DGCs.

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.

There are currently no freely circulating gold currencies in the world; so, right or wrong, as a medium of exchange it is clearly prone to failure. Why? Because it is so good at storing value that presented with a choice of spending pesos or gold people repeatedly spend pesos and save gold – which means the gold gravitates to savers, not spenders, and stops circulating as currency.

Several months ago while visiting a local coin dealer Clemmons, one of the sales associates shared a simple technique on how to buy silver bullion locally for a fraction of the spot price of silver.

If your collection is like most, it will have a lot of wheat back Lincoln cents (1909 to 1958), common silver coins, and proof sets. Most dealers pay two to three cents each for common wheat back cents. They will pay more if you separate out the early rarer dates, such as, 1909-S, 1911-S, 1913-S, 1914-D, 1931-S and others. Use your Red Book to identify the more expensive dates.

Make sure that you enjoy hunting for silver coins so that this will not become just another job. Forums like Coin Community, Coin Talk, and SilverSeek will help increase your knowledge of coin collecting.

re you considering beginning a coin collection– yet have no concept where to begin? After that this blog is for you.

Here are a few pointers and tricks to assist you get going, and also familiarize you with the world of coin collecting!

Yet initially … why should you gather coins?
Gathering coins is no various from gathering a specific type of artwork, or first-edition publications, or classic stamps.

Everybody has a different reason for accumulating coins. That said, there are 2 main reasons individuals do it: for personal satisfaction, and/or as a financial investment.

Coin gathering is fun!
There is something so rewarding about having a collection of little treasures: tiny, delicately developed pieces of beautiful art that you can display and take a look at, at any time you desire.

You can also discover a lot from accumulating coins. With time, you may find yourself delving into history publications, learning more about national politics, different societies, famous people as well as landmark events. Examining coins and also their histories can cause a whole other passion for discovering brand-new things!

Note: Apex Gold Silver Coin does not buy pennies or nickels (including wheat cents, Indian Head and large cents, Buffalo nickels and war nickels) unless they are a rare date and already graded. Here’s why.