When you get started grading coins there are a lot of factors you will have to be able to identify and define. A good suggestion is to find pictures of mint condition coins of the variety you are attempting to grade. You will probably need to have a good magnifying glass or possibly even a microscope or a jewelers lens. You should develop some skill in grading coins if you are going to collect coins.
Dealer’s advice is almost always self-serving when it comes to what to buy or how much to pay. Check market values of the rare American coin you’re considering and don’t over pay for that long hunted coin. I’ve been surprised at how much dealers will come down in price sometimes, so don’t be afraid to make an offer.
I entered into the world of American rare coins from the investor background, but quickly became a numismatic. I’m now a little of both, collector and investor. A hybrid so-to-speak.
On top of this, there are numerous varieties available for each emperor. Of course, just as with modern coins, you can buy ones that cost much more; ones that are in better shape or are more scarce, but if you are just interested in decent coins and history then you may not have to look any further.
14. If you believe the coin you are buying will became more popular in the future, you can buy more than you want and sell some on eBay. They will reduce your coin in the end. For example, you bought 5 2011 Tasmanian Tiger 1oz Silver Proof Coins at $94.5, and sell 3 on eBay at $199 which is quite easy now, after eBay and PayPal fees, you can make about $240, which means you can have the other two beautiful coins for free and still have some extra money.
A gold coin priced at more than 10% over melt, and all silver custom challenge coins cost over $500, should be PCGS, NGC, ICG or ANACS certified. I’ve gotten what I thought were MS 65 or better silver coins and sent them in for certification and the greatest majority of them came back “AU Details”.
Probably the main reason why Roman coins are inexpensive is the fact that they are not rare. On the contrary, they can be found everywhere. The Roman Empire was one of the largest Empires in history, covering most of Europe, Britain, parts of Asia, the Middle East and North Africa. It was in existence from 27BC to 476AD, more than 500 years. And all these places used Roman coins throughout the era.
You could end up losing the coin value of silver dollars or gold coin value to the interest on a credit card. Use a credit card only if you have to, and pay off the principle every month, if you do use one. Otherwise use a different way to purchase your coins.