More Numismatists Information
One of the reasons there is such a disparity between what the average consumer expects, and what the coin dealer actually delivers when it comes to buying coins from the public is that coin dealers see vast amounts of common "junk." By "junk" I mean common date wheat pennies, circulated Buffalo Nickels and Mercury Dimes, worn Washington Quarters and circulated Franklin and Kennedy Halves. Coin dealers are offered so much of this type of material that many of them get tired of seeing it. They give such material the cursory once-over and offer low-ball prices for it based on long experience. Usually people have already pulled out the more valuable coins, leaving the "junk," (or at least the the dealer must assume so.)
Buy gold coins.
Old gold coins should never be cleaned. But it's not just excited treasure hunters that make this mistake. Even archaeologists working with ancient coins come under fire for the practice of restoring ancient coins, although in their case it may be necessary in order to see the coin well enough to properly date and categorize it. Those coins will not end up in most collections. But then again, archaeologists are not trying to preserve numismatic value.
Buy rare silver dollars for a great investment.
Buy two Krugers though, and quantity price breaks make krugerrands cheaper, and therefore a better buy. Also while it is true that larger bars, such as one kilo ones sell for a lower percentage premium than krugerrands, they are not as easy to resell. Only a specialist gold dealer is likely to give you a good purchase price for gold bars, and then often with less enthusiasm than for krugerrands, sovereigns, or other highly marketable coins
Buy seated Liberty silver dollars for a great investment.
As a general rule, the more common a gold coin is, and the lower grade the coin is, the higher the profit margin (expressed as a percentage of the selling price) for the dealer must be. The reason for this is that low-grade, common coins are harder to sell. Another reason for this difference is dollar value. If a dealer buys a common date, heavily circulated 1940 Wheat Cent from you, he might pay you 2 cents for the coin and sell it for 5 cents, making a greater than 100% profit (but still only 3 cents!) But if he buys a key date, heavily circulated coin, such as a 1931-S Wheat Cent in Good (G-4 grade), he might be able to pay you $50 for it, even though he will make only a 20% profit when he sells it for $60. The difference here is that the 1931-S is likely to sell much faster than the 1940 Cent, plus the dollar value involved in measurable.
Buy gold coins.
old silver dollars News From Around The World
U.S. MINT SAYS PUBLIC IS EMBRACING NEW 'GOLDEN DOLLAR' COIN (US Mint Press Release)
Wed, 04 Apr 2007 04:13:00 +0000
Over 100 Overton Varieties in the Bayside New York Collection
Sun, 27 Jul 2008 11:54:27 +0000
The Bayside New York Collection contains an incredible 100-plus half dollars minted between 1794 and 1807. Heritage will offer this wonderful assemblage as a Featured Collection in the upcoming 2008 July-August Baltimore, MD (ANA) US Coin Signature Auction.
Early half dollars are a favorite - albeit challenging - series among advanced collectors. Their fascination with die ...]
