Know the coin you are bidding on and what it is worth. I urge you to proceed with caution when purchasing collectable coins at auctions. It is way too easy to catch the bidding bug during the excitement and you could end up spending more than you can afford or paying too much for a coin. You should also set a limit for your spending and make yourself stick to it. You should study the terms and conditions of sale, return privileges and fees charged before you bid at auctions. You can place your bids by phone or mail, you can attend a live auction in person, you can bid online, or you can pay someone to bid for you at an auction. Auctions: You can also get collectable coins at traditional Auction Houses, Mail Bid Sales, or Online Auctions.Ĭoin Auctions offer several options to collectors who wish to participate.On that same note, don't accept a package that is damaged or appears to have been opened.If they don't insure their packages, don't do business with them as you will be out the money you spent if the item is lost. Always insist that the coins be sent to you by insured mail.Make sure they have a good return policy in case the coin is not what it was advertised to be.Search out the company on google and see what people are saying about their coins and service.Do Not do business with anyone who does not provide a way to be contacted by phone. If you want to do business with some of these dealers, here are a few things to keep in mind: Since you cannot see the coin that you are purchasing, you have no way of knowing if the coin you will receive will be the same as described. Internet and Mail Order Sales: There are many dealers that do business by mail or over the internet.Īgain, I urge you to use caution.To find a coin show near you try this site. Use caution and make sure your grading skills are up to par before making a major purchase. This might be a good place to compare different prices by different dealers or to hone up on your grading skills.īeware, however, that just because a dealer is at a coin show does not mean that he is a reputable dealer. Coin shows have the advantage of having many coin dealers all in one place. Coin Shows: Keep your eye out for coin shows in your area.You won't find anything worth much in these bargain baskets but you will find some interesting coins for your collection.Īnd don't forget that many coin shop owners are experts in their field, and may be willing to talk to you and give you some pointers if they are not too busy.ĭon't forget that they are in business to make a profit, therefore they cannot take time away from paying customers to answer a lot of newbie questions, but most are just like fishermen, they love to talk about their hobby when time permits. Most even have baskets of bargain coins that are very inexpensive. Most coin shops have coin prices that will fit any budget. Coin Shops: Coin shops are another good place to find a new coin for your collection.The 50 State Quarters or the Presidential Dollars are a couple of examples. Valuable or rare coins are pretty scarce in pocket change today, but several series of coins still found in circulation offer the beginner a fun and interesting collection. Look through your coins before you spend them and set aside coins you find interesting. Pocket Change: The best place for the beginner to start finding coins is in your pocket change.Here are a few places you can look to find collectable coins for your collection: Most collectors get their coins from several different sources. It is usually just a matter of personal preference. There is not one particular place that is best for finding collectible coins for your collection. Today's coin collectors can find Collectable Coins in a variety of places.
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