Coin Collecting Book For Beginners by Rice C. McLeish

Author:Rice C. McLeish
Language: eng
Format: epub
Tags: coin collecting for beginners, coin collecting books, coin collecting for profit, coin collecting books for beginners, coin collection books, coin collecting supplies
Publisher: Omoade
Published: 2022-04-11T00:00:00+00:00

Finally, even with a coin dealer, it is still important for you to do your research and solely invest in certain coins. Even more, try not to invest too much from the very beginning. Most novices start with coins valued between $20 and $100 and work their way up from there–which is precisely what I advise you to do as well.

Online Auctions

Of all the places to buy coins, online auctions can be the most enticing - and for obvious reasons. You can spend hours on end, days, and weeks even searching for coins online, and the internet would serve them up to you on a plate. You don't even have to leave your couch to create a collection that's attractive and valuable - in theory.

In practice, however, online auctions are filled with scams and frauds, so it is even more important to keep your eyes open. A LOT of coin auctions online are perfectly legit, and I encourage you to search your coins on sites like eBay, but it is of the utmost importance to be wary of the potential risks.

As a rule, only buy from eBay sellers who are reputable and have a lot of reviews. Ensure their coins are graded by a professional from the Professional Coin Grading Service or Numismatic Guaranty Corporation. Last but not least, if an offer sounds just too good to be true (i.e. they promise to provide you with a coin that is a lot under the market price), then turn around and run, because it is very likely that you are being drawn into a shady auction.

To minimize your risk, start with less valuable coins and only work your way up from there as you gain more experience in both coin collecting and online auctions in general.

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