Coin Buying Tips
Set a limit and stick to it
- Itís easy to get caught up in the excitement of finding a coin (or two) youíve been looking for and spending more than you should. If you set a limit on how much youíre going to spend before going to a coin show or into a coin shop itíll be easier to stay within your budget.
Donít 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
- Thereís 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 wouldnít buy stocks from just anyone and you shouldnít buy coins from just anyone either. At least not unless youíre a long time expert. Buying from reputable dealers or shops gives you the ability to return the coin if you decide youíre not happy with it.
If it sounds too good to be true
- Yep, it probably is. Nobodyís 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 theyíre very knowledgeable. And theyíre usually quite willing to share their knowledge.
Buy a good book on coin grading, then you can learn about the grading for the coins youíre interested in before you buy them.
Articles compliments of skaDoogle
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