Compiled from online articles + my own experience.....
1) Condition is everything
The better the condition, the higher worth is the coin/note.
2) “Coloured” coins are a no-no
Such as S*ng@p0re M*nt coin products that have been altered
by adding holographic stickers or colouring. These coins are generally
considered “damaged” by serious coin collectors.
3) Buy rarity, not quantity
If you have a budget of $1,000, buy two or three really neat
& rare $200–300+ coins; not forty $20+ space eaters.
4) Take your time
Most great coin collection are assembled over the course of
decades; not months. Sure, you can complete a set of American eagles in thirty
days. But rushing though a set is a good way to make mistakes; most of which
will cost you in the long run.
5) Set Goals For
Yourself
If your collection has a beginning, middle and end, the progress you make will
be easier to measure. Make certain that your goals are realistic.
6) Buy the coin and not
the holder
Not every PCGS or NGC graded coin is “high end” for the grade. Establishing a
relationship with a dealer who can determine which coins are nice and which are
average (or inferior) is essential.
7) Learn about Coins
No matter what you collect, the more you learn the better your collection will
be. Learn how to grade. Learn what nice coins look like. Learn about the coins
you have decided to specialize in. Learn how the coin market works.
8) Avoid replicas at all costs
For some rare & old coins, some mints do reproduce “official”
and affordable replica coins to commemorate. Always go for the real deal!
9) Gold-plated coins are worth close to nothing
Do not let a dealer smoke you into buying gold-plated coin
at high prices. Gold-plating is just a very very thin layer of gold. A 20gram
gold bar can be hammered/plated to the size of a tennis court. Take the surface
area of a coin and compare to the area it will occupy on the tennis court. That
would mean gold-plating on a coin is a very very tiny amount of gold, so tiny
that it’s worth almost nothing.
10) Avoid “marked” coins
Throughout history, especially for old coins like Trade
Dollars, some were “marked” or “punched” a hole by traders to mark ownership.
“Marked” coins are close to worthlessness.
no one replys?
eeeeeer... i don see the purpose of this post.. are you trying to teach us something?? but through this post i really learnt a little something.. thanks pal =) but sorry maybe i'm not into oldies stuffs like you, but i think it's cool ^_^
Originally posted by Rosie Cheeks:eeeeeer... i don see the purpose of this post.. are you trying to teach us something?? but through this post i really learnt a little something.. thanks pal =) but sorry maybe i'm not into oldies stuffs like you, but i think it's cool ^_^
mainly for people who collect coins as hobby