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How To Collect Rare Coins
How to collect Rare Coins
What you need to know about Rare Coin Collecting
Have you ever tried collecting rare coins? It can be great fun and a good investment.
Rare coin collecting is one of the few hobbies that are not just a mere pastime or leisure activity.
Coin collecting can get quite fascinating and many people get quite caught up in their hobby..
Coins are often thought of as works of art because of the beauty of their designs
(Some of which are quite exquisite).
In very early days coins were utilitarian and featured just the amount the coin was worth or the Sovereigns head
to enable people who could not read not to be cheated in commerce.
Early coins were mostly made of silver or copper with a few being made of gold or electrum
(an amalgam of gold and other precious metals)
In more recent times the design of the coin has become a portion of its worth to collectors.
Coins will often portray the history of a nation by engraving and important historical event or anniversary
into the design on the coin.
Seldom do people know the secret that coin collecting can also be quite a good way to make money.
Hard to find rare coins can turn out to be valuable and when found can be a good investment.
Rare coins have risen in value by anything from 300% to over 1000%.
So Rare coins that cost $1000 each in the 1970s could now be worth over $50,000 each today on average
This amazing increase in worth outstrips most other investments. (especially stocks and shares !)
So what is the big secret behind the increase in this part of the coin market ?
It is quite simple really, rare coins have always been a good hedge against inflation and recession.
Big investors know this and many have a large piece of their investments in rare collectable coins.
In most unstable conditions (such as we have at present) rare coins maintain their worth.
When Governments seek to stabilise the economy by printing more money,
the value of printed money may lose its value- Zimbabwe is a classical example as was pre-WWII Germany.
Many experts contend that rare coins are a more stable investment evn than gold bullion
since Gold Bullion relies heavily on the daily gold price for its worth.
So What should you purchase ?
Early Coins are my personal choice - Exceptional Quality Roman Coins in Gold or Silver
(yes Roman Gold Coins Do exist !)
My second Choice in Rare Coins would have to be Medieval Gold and Silver Coins of
the period between Edward IIIrd to James Ist as these are possible to obtain and rise steadily in value.
(Gold Coins in this era often fetch astronomical prices)
In American Coins, Early Gold is definitely the area to collect as these are avidly collected and would be
easy to sell if needed. Prices are currently high but may well rise again.
If you prefer to collect Modern Coins then I would suggest sticking to PROOF Coins
As these normally come with a C.O.A (Certificate Of Authenticity). A Proof coin is one that is specially struck and has never been circulated (indeed some proof coins are struck several times to enhance the sharpness of detail on the coin).
Proof coins are normally SLABBED (encased in plastic) and may come with a valuation certificate too.
This article is not intended as investment advice and as with all investments,
coins can go down in value as well as rise.
If you are thinking of collecting rare coins either as a hobby or for other reasons, I suggest
you need reference books to advise you.
Apart from identification you need to know how many of a particular type of coin was produced
in order to judge its worth.
This article may be freely published providing the Author Bio Section is also included
About the Author
Keith Jones (C) 2009
To learn more about rare coin collecting please visit :
http://www.greatgoldcoins.net
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Frequently Asked Questions...
How much is my gold coin worth?
I have a 22k gold-proof Samoan 100 tala coin. It was made in 1978 to commemorate the 50 year anniversary of the first transpacific airplane crossing. It is in its original packaging with commemorative postage stamps included. It is about 2.5 inchs in diameter.
Can anybody tell me a resonable range of value for this coin?
Answer:
Rob, you must be way off on the size of this coin. I estimate the diameter to be 1-1/2" or less. This coin has the national arms on the obverse side and a globe with a plane flying across the Pacific Ocean and a portrait of Lindbergh facing left on the reverse side. The coin weighs 15.55 grams (1/2 troy ounce). The actual gold weight is 0.4584 oz. 22k gold (.917 fine) is correct.
Based on todays gold price of $1,210/oz. the gold content as a bullion coin is worth $555.
While only 1,500 of these coins were minted in 1978, there simply is no great demand for it in numismatic circles. If the coin is still in full lustre proof like condition it might carry a 10-20% premium, say for a value of about $650.




















































































