I am going to catch a lot of flak for writing this short article, but I really want to prevent first time gold bullion coin buyers from being ripped off… often by their own Governments.
Once you are comfortable you can then take the next step into precious metal coinage such as the American Silver Eagle and Gold American Eagle. The cost of these coins actually fluctuates with the cost of the precious metals as they are minted 99.99% pure by the U.S. Mint.
At some point every coin collector will want to know what their coins are worth. A coin price guide is needed by coin collectors to provide a reference to help determine coin values. While many coin price guides are a bit expensive for youngsters and others just getting started there are options that won’t break the bank. Most libraries will have price guides and used copies can be purchased from eBay, Amazon, and other retailers of used books for a fraction of the current edition’s price. A price guide that is a year or two old is still a great reference book and a lot can be learned from them if the prices aren’t quite up to date. Searching for specific coins that are selling on eBay is another way to gauge the value of your coins.
Firstly you have to recognize the value of this. Buying this is a great way to store real value. But you also have to understand the reasons as to why you should undertake this investment. The best thing to do before you start buying silver coins is to do a search on the internet for any person who is selling this in your area. You will find that there are not so many sellers around. But finding a good coin dealer is the key. Make sure that you read up all the information about this and ask as many questions as you can before you buy it. Research is very important for such investments.
The owner took out a couple low-grade coins, then said that he had some “nicer” coins as well. He pulled out several coins which were in AU (About Uncirculated) condition and my jaw dropped. (It’s amazing that I remember the moment vividly 45 years after the fact!) I purchased a “slot-filler,” but was so enamored with the Walking Liberty that I actually forgot to pick up the Barber Half Dollar that I had purchased. The shopkeeper had to remind me that I had purchased it.
This low-tech coin collecting method is not fancy but it will get you started finding coins worth collecting without a lot of trouble. If you find coin collecting enjoyable and decide to keep going it will be time well spent.