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