Freehold, New Jersey
3710 U.S. 9
Freehold, NJ 07728
732-618-9292

4 Rules Of Coin Collecting July 1, 2017

Freehold, Monmouth County
4 Rules Of Coin Collecting, Freehold, New Jersey

American Coins & Gold Presents The 4 Rules Of Coin Collecting:

Education

The first step is to constantly be learning and researching a variety of different factors related to coin collecting.  Some of those include: coin pricing charts, popular and trending coins today, as well as the current marketplace situation.  There are countless books, online articles, and catalogs out there for you to study.  Take the time to do a little bit of research each day to stay up to date with the coin collecting world.

Patience Young Padawon

Rome was not built in a day, and neither will your ideal coin collection.  Don’t jump into any buying situation, especially when you have a bad feeling about just because you want to advance or “complete” your collection.  This can end up being a costly mistake further down your coin collecting jounrey.  Instead, practice patience and consistently seek out good coin buying & trading situations, which leads to the next rule.

Connections

The more connections you have in the coin collecting world the better chance you will be able to find out accurate information when you really need it.  Often times the pricing charts online can give you a relative idea of coin values but the author is usually bias in some way.

image The true way to advance your coin collecting skills is to surround yourself with like minded people with the same interests. Go to coin shops, auctions, and fellow coin collectors and do not hesitate to get your questions answered.  Often times people are happy to help when it comes to their favorite hobby!

Quality Not Quantity

Its a much better strategy to focus on collecting a handful of high quality coins rather than dozens of low value coins.  As the coin collecting market matures even more high quality and rare coins will continue to rise in value as they are harder and harder to find.  For example, if you purchase 3 coins valued at $1,000 each, that has more value than if you would have purchased 3,000 coins worth $1 each.  When you begin to shift your perspective towards seeking high value coins and opportunities your coin collection will reach the next level.

Interested in a free appraisal on your coins?  Call: (908) 575-9400 today!

Other Announcements, Events and Deals from American Coins & Gold
Rare Coin Of The Week *Over $1,000?!*, Freehold, New Jersey
American Coins & Gold rare coin pick of the week goes to: The 1955 Double Die Lincoln Penny! This penny is one of the most widely spread error coins the US Mint has ever c...read more
A Quick Guide to Cleaning Old & Rare Coins, Freehold, New Jersey
You might think an old coin will be worth more if it’s shiny and crisp, with no residue or evidence of corrosion. However, using metal polishers, dips, or any other chemicals on rare...read more
Silver Coins Vs. Sterling Silver *What's The Difference*, Freehold, New Jersey
Many people get confused when trying to determine the difference between what sterling silver is vs. what silver coins are made of.  Before you decide to sell or even give away ...read more
Top 5 Most Valuable Coins, Freehold, New Jersey
#1 – Sacagawea Dollar / Washington Dollar (no date) Only 14 of these are known to exist and have been sold in auction for over $100,000!  Many companies make a novelty of ...read more
Pennies Worth Over $100,000! *How To Check If Your Have One, Freehold, New Jersey
It might sound unbelievable that old coins such as 1943 pennies can be worth over $100,000, but it is a true fact. One example of rare and valuable coins is 1943 penny.  D...read more