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Searching For That Right Coin

Jul 1, 2008
Individuals have been collecting coins for over two thousand years and it is believed that coin collecting is oldest hobby known. Some individuals feel as if coin collecting is a hobby while others view it as their driving force in life. For all of them it is a challenging pastime, especially when looking for that special prize piece for your collection.

It is rather easy to begin a coin collection. In fact, you can begin with coins you have in your own home by looking in your wallet, under cushions, and under furniture. You would be totally surprised with what you will discover hiding right inside your own home. It is even a good ideal to let your family and close friends know that you starting a coin collection and ask if they have any coins they would like to contribute to your collection.

When trying to determine what coins to add to your collection you need to figure out what appeals to you. The appeal of a coin is different for each collector, but the main thing is that if it does not appeal to you, then do not buy it. Next, you need to figure out how lustrous the coin is, but remember that there is no way to restore the luster to coin and once a coin has lost its shininess, then it is gone for good.

The next thing you need to be sure of is if the coin is damaged in any way or not, because scratches, abrasions, corrosion, and other types of damage will definitely decrease the value of any coin. Look to see exactly how worn the coin is for wear tends to be the biggest factor in determining which grade a coin is to be given.

If your collection is based upon a certain year, but you seem to be having trouble locating them, then you may want to focus those that are hard to find. There are some really great sources you will want to look into, which include other collectors, coin dealers, or even banks when you buy rolls of coins from them. Also, consider the United States Mint where you can purchase directly from their catalog or through their official web site.

Specialized coin shows offer a multiple of dealers with a huge selection at competitive prices for you to choose from. Plus, coin shows offer you the ability to become introduced with other collectors, which will can turn out to be valuable contacts in the future for you. Coin collecting publications run ads for dealers, but be sure to check out their return policy before placing an order with them. Also, find out what you can about the dealer to help ensure your satisfaction of the coin or coins your purchase once your receive them.

The Internet has hundreds of coin dealers that offer a variety of coins, but here again their return policy needs to be checked out before ordering to ensure that it is reasonable and valid. The rarest and most expensive coins can often be located through auction houses or at on line auctions. Either way, be sure to check prices to ensure that you do not over pay for the coin you are searching for.

Other valid sources of locating that one coin you having trouble finding is at flea markets, antique shows, craft fairs, and even at estate sales. These types of sources will have less competition and can even mean the prices may be a bit inflated, and the coin may not be the grade you are actually looking for. Be sure what you are looking for and the type of quality in which you desire, not to mention the amount you are wanting to spend on that special coin.
About the Author
Victor Epand is an expert consultant about rare coins, stamp collections, and rare collectibles. Follow these links to find the best marketplace for: rare coins, collecting, and dealers.
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