Coin collecting can be a fun and rewarding hobby. Currency has changed drastically over the centuries, and coins exist that are hundreds of years old. You don’t need a fortune to invest in old coins, nor do you need to dedicate large amounts of space to your collection. You can get started with just a few dollars, and if you make wise investments, you can even make a profit collecting coins.
The early dates 1916 to 1933 cost considerably more, and are considerably more difficult to find. Those take much more planning for financing, and are simply more difficult to find.
American gold coins are not just fun to collect. It has its fair share of tax benefits too. How? Remember that American gold coins are appreciating its value each day which consequently increases the net. Unless you sell, you do not have to really pay your taxes. The same principle with trading, you will not spend a dime on tax when trading US gold coins even if you are getting coins that are more valuable.
Check out online directories that can give you free information on your coin. Finding out ways of selling coins online might help also. There are online sellers that value rare collection coins. Remember, eBay is not just for electronic gadgets but anything salable, such as challenge coin creator. More people get on the internet these days, so there can be a higher chance of selling it. You have to take note of the fees, because it might not be at your advantage after the fees are paid.
Compare the prices given by various merchants in order to find the best price on gold coins. Likewise, do some background check on the merchants selling the coins. Make sure that you are buying gold coins from a legitimate seller. The US Mint has a list of its authorized coin and precious metal dealers, but these are rarely the most cost effective dealers, so it really pays to shop around much more than this. Also, whatever you do, don’t buy directly through the US Mint. They charge an arm and a leg when consumers buy directly through them. Don’t ask me why, I don’t know. But do save your money by doing your homework. There are also banks that sell gold coins but again, you will almost never get a good deal buying gold from a bank.
Extremely fine (EF) coins show very little wear, and a lot of the coin’s original luster will still be visible. On very fine (VF) coins, the major features of the coin will still be very sharp although the minor features may show a little wear. The wear will be on the high points of the coin. On grading coins fine (F), you will notice considerable wear on the surface of the coin. The main features will still be very distinct.
But what about the silver coins? These coins can be earned through match making games. In match making games, you can play solo or invite your friends to join your team. Once you’re ready, the server itself will find matching players for you. Matched players will base on their match making rate (MMR) which may increase or decrease every time you win or lose a game. No matter if you win or lose in a match making game, you will earn between five to twenty coins.
So if your funds are low, you can buy these coins in lesser weights. However, do keep this important point in mind. There is a lot more production cost that goes into producing ten .10 oz coins instead of producing one 1.0 oz coin. Due to this higher production cost, the Mint charges a much higher premium on the lower weight coins than they do on the 1 oz coins. So you will end up paying much, much more per ounce when buying the lower weight coins than you will when simply buying the 1.0 coin.