Coin Collecting

Coin Buying Tips



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Set a limit and stick to it

- It’s easy to get caught up in the excitement of finding a coin (or two) you’ve been looking for and spending more than you should. If you set a limit on how much you’re going to spend before going to a coin show or into a coin shop it’ll be easier to stay within your budget.

Don’t invest more money than you can afford to lose. Nothing is guaranteed to go up in value.

Look for coins graded by a major grading service

- There’s lots of grading services but not all of them are reputable. Become familiar with the major services and stick with them.

Buy from established dealers or shops

- You wouldn’t buy stocks from just anyone and you shouldn’t buy coins from just anyone either. At least not unless you’re a long time expert. Buying from reputable dealers or shops gives you the ability to return the coin if you decide you’re not happy with it.

If it sounds too good to be true

- Yep, it probably is. Nobody’s giving coins away, so that unbelievably cheap coin is probably just that-cheap.

Major coin shows can be a great place to find both a large selection and a large variety. The dealers come from all over the country and they’re very knowledgeable. And they’re usually quite willing to share their knowledge.

Buy a good book on coin grading, then you can learn about the grading for the coins you’re interested in before you buy them.

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Your Houston News

Salvation Army keeps finding gold coins in streak of secret giving
Sun Sentinel
In recent weeks across Broward, Salvation Army workers counting the kettle collection have been surprised to find three Mexican gold coins and two U.S. gold pieces totaling nearly $5,000 in value. The latest coin was found Saturday at a Margate Wal-Mart.
More gold coins donated at Houston area red kettlesYour Houston News
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USA TODAY

Rare 'double eagle' gold coin could fetch $1.5 million
USA TODAY
A rare 1907 double eagle $20 coin designed by famed American sculptor Augustus Saint-Gaudens could sell for as much as $1.5 million at auction Tuesday. The lustrous gold piece is one of four experimental relief $20 coins that were minted in ...

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MLive.com

Twice as nice: Two gold coins worth $2360 donated to Bay City Salvation Army ...
MLive.com
On Tuesday, Dec. 16, Major Mike Myers of The Salvation Army of Bay City was ready to cash in a South African gold coin currently worth $1,180 that had been slipped into a bell-ringer's red kettle the week before. That in itself, he said, is rare — in ...



Nehanda Radio

Central Bank Introduces Local Coins
The Herald
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Coin Collecting