Nov
14
Filed Under Hobbies | Comments Off
James Pswarai asked:
Coin collecting has grown to be a great hobby over the years for everyone regardless of their age. Many coin collectors started off their collection of coins when they were young and now have large numbers of them. In this article I will explain why coin collecting has become a good hobby and how you can get yourself started with it.
Why Is It So Popular
There are many reasons to collect coins. One of the reasons is because of the coins value; this could be the historical value, metal value or perceived value. Another reason people collect coins is because of the pleasure received from it. Collecting coins from any country and inspecting them can give people a sense of pleasure and some people pay thousands for a single coin that could complete their collection.
How To Get Started
Firstly you want to find someone who already has started their coin collection. If you can’t find anyone then join a group there are a lot out there (if this is still undoable then find a book or ebook). The reason for doing this is because you want to be able to learn some basics of coin collecting and with that basic knowledge you can learn how to find a good coin dealer to start of your coin collection.
Once you have some coins the next thing you want to do is investigate them. To do this you get a magnifying glass (a larger one) and look at your coin in a bright area. When examining the coin you are looking for things like errors, dates, markings and more. By examining the coin you will learn there value of it and you can consider selling it to a coin dealer or keeping it for your collection. Within time and training you will find it easier to investigate coins and sometimes without the magnifying glass.
Finally the last thing you need to do is get storage for your coins. This can come in the form of a folder where you can put a specific type of coins and if you have duplicates you can buy a tube to store them in or you can make a bit of money by selling them.
There you have it, three easy steps to start your own coin collection. Whether you are doing it for fun or profit coin collecting is a great thing to do and if you get into it you can buy magazines that will contain information and tips on coin collecting and you may find some useful.
RALPH
Coin collecting has grown to be a great hobby over the years for everyone regardless of their age. Many coin collectors started off their collection of coins when they were young and now have large numbers of them. In this article I will explain why coin collecting has become a good hobby and how you can get yourself started with it.
Why Is It So Popular
There are many reasons to collect coins. One of the reasons is because of the coins value; this could be the historical value, metal value or perceived value. Another reason people collect coins is because of the pleasure received from it. Collecting coins from any country and inspecting them can give people a sense of pleasure and some people pay thousands for a single coin that could complete their collection.
How To Get Started
Firstly you want to find someone who already has started their coin collection. If you can’t find anyone then join a group there are a lot out there (if this is still undoable then find a book or ebook). The reason for doing this is because you want to be able to learn some basics of coin collecting and with that basic knowledge you can learn how to find a good coin dealer to start of your coin collection.
Once you have some coins the next thing you want to do is investigate them. To do this you get a magnifying glass (a larger one) and look at your coin in a bright area. When examining the coin you are looking for things like errors, dates, markings and more. By examining the coin you will learn there value of it and you can consider selling it to a coin dealer or keeping it for your collection. Within time and training you will find it easier to investigate coins and sometimes without the magnifying glass.
Finally the last thing you need to do is get storage for your coins. This can come in the form of a folder where you can put a specific type of coins and if you have duplicates you can buy a tube to store them in or you can make a bit of money by selling them.
There you have it, three easy steps to start your own coin collection. Whether you are doing it for fun or profit coin collecting is a great thing to do and if you get into it you can buy magazines that will contain information and tips on coin collecting and you may find some useful.
RALPH
Nov
12
Coin collecting?
Filed Under Hobbies & Crafts | Comments Off
curious 94 asked:
Several years ago my uncle died. He left quite a coin collection–not in any order-just gobs of coins. My aunt knows nothing about coin collecting or what to do with the coins–and neither do I. Does anyone know who she could contact (trustworthy and honest) to see about the coins or what her first step might be in organizing them and then selling them off?
PHIL
Several years ago my uncle died. He left quite a coin collection–not in any order-just gobs of coins. My aunt knows nothing about coin collecting or what to do with the coins–and neither do I. Does anyone know who she could contact (trustworthy and honest) to see about the coins or what her first step might be in organizing them and then selling them off?
PHIL
Nov
11
Filed Under Collecting | Comments Off
Abhishek Agarwal asked:
The money has never been such an importance until the hobby of coin collecting started in this world.
Since its start the hobby of coin collecting has represented the old way of preserving the history of mankind. The nation’s heritage and history is preserved by the means of coin collecting. Thus the coin collectors allows people to feel and touch the coins which were used in ancient times.
The coins in United Kingdom are regarded as a very precious relic because they are thought to be the right representative of the royalty. Take for example the 50-cents coin which was produced by the Royal Canadian Mint, if the coin collectors happens to get this coin he would be very happy. After all it wan minted for the “Golden Jubiliee of Queen Elizabeth II”.
Let’s explore some truth about coin collecting in UK
The terms which are used in categorizing the coins kind is different from that of the United Sates of America. Take for example the coins which were circulated in the UK between 1971-1981. They were called as “new Pence” and it was used to differentiate from the so called “ancient pre-decimal pennies”.
As the time progressed the experts felt the need to change the word “new” with a more concrete feature that would also indicate the value and worth of the coin. So this “new” was replaced by the terminologies like “two” or “thirty” by 1982. These terminologies indicated the worth of the coin as well.
After one year these “two pence” or what you call as “2p” became very common and the demand for them diminished. Therefore the Royal Mint gave the “2p” coins only in sets and that too it was distributed to the coin collectors exclusively. At this point of time there are only twenty “2p” coins that still have the “new pence” word engraved on the coin and is in circulation. It is very difficult to get this rare coin.
As the UK history has undergone a change so do the coin collecting hobby. The first change in the area of coin collecting was the “decimalization” of the coins. With the advent of the “decimal coinage” the coinage system of England was established on the relationships that shows the value of the coins of ancient times. Take for example the coin of 2 half pence (known initially). Its name has now changed to 1 penny and 20 shillings has become equal to one pound.
The coin collecting in UK is, indeed, not just simply a realization of a hobby.It also represents the history of the United Kingdom.
DONNY
The money has never been such an importance until the hobby of coin collecting started in this world.
Since its start the hobby of coin collecting has represented the old way of preserving the history of mankind. The nation’s heritage and history is preserved by the means of coin collecting. Thus the coin collectors allows people to feel and touch the coins which were used in ancient times.
The coins in United Kingdom are regarded as a very precious relic because they are thought to be the right representative of the royalty. Take for example the 50-cents coin which was produced by the Royal Canadian Mint, if the coin collectors happens to get this coin he would be very happy. After all it wan minted for the “Golden Jubiliee of Queen Elizabeth II”.
Let’s explore some truth about coin collecting in UK
The terms which are used in categorizing the coins kind is different from that of the United Sates of America. Take for example the coins which were circulated in the UK between 1971-1981. They were called as “new Pence” and it was used to differentiate from the so called “ancient pre-decimal pennies”.
As the time progressed the experts felt the need to change the word “new” with a more concrete feature that would also indicate the value and worth of the coin. So this “new” was replaced by the terminologies like “two” or “thirty” by 1982. These terminologies indicated the worth of the coin as well.
After one year these “two pence” or what you call as “2p” became very common and the demand for them diminished. Therefore the Royal Mint gave the “2p” coins only in sets and that too it was distributed to the coin collectors exclusively. At this point of time there are only twenty “2p” coins that still have the “new pence” word engraved on the coin and is in circulation. It is very difficult to get this rare coin.
As the UK history has undergone a change so do the coin collecting hobby. The first change in the area of coin collecting was the “decimalization” of the coins. With the advent of the “decimal coinage” the coinage system of England was established on the relationships that shows the value of the coins of ancient times. Take for example the coin of 2 half pence (known initially). Its name has now changed to 1 penny and 20 shillings has become equal to one pound.
The coin collecting in UK is, indeed, not just simply a realization of a hobby.It also represents the history of the United Kingdom.
DONNY
Nov
11
looking for more information on coin collecting from abroad?
Filed Under Hobbies & Crafts | Comments Off
haloalittlerusty asked:
I have some very old coins that were my grandmother’s from one of her husbands who served in WWII. they are dated but are in French and Italian…how can I found out more about these coins?
Taiping, here are each coin and what they say on them:
I have some very old coins that were my grandmother’s from one of her husbands who served in WWII. they are dated but are in French and Italian…how can I found out more about these coins?
Taiping, here are each coin and what they say on them:
Back side: two flags and a crown on top of the flags…one flag has a “plus sign” on it the other has a bird of some sort. the verbage on this side says “POMA INTANGIBLE 1896″
front side has a man and a woman on it, no denomination amount, and the verbage on top “Elena Vittorio Emanuele”
second coin: front: VITT * EMAN * VII * RE * E * IMP with a man’s head/neck.
back side has ITALIA with a bird and large wing, 1939, C 50
third coin: 2 Franc coin, front side says CHAMBRES DE COMMERCE DE FRANCE BON POUR 2 FRANCS back side has a statue and says COMMERCE INDUSTRIES 1923
Thanks for any additional information.
HUBERT
Nov
10
Filed Under Home And Family | Comments Off
Mike Taylor asked:
Nothing in recent years has done more to popularize coin collecting than the 50 State Quarter Program Act of 1997. This unique Act runs from 1998 until 2008 is easily the most popular minted coin series in the history of the U.S. Mint.
Beginning in 1998, five new state quarters are released each year for a ten year period with a new quarter released approximately every ten weeks. The quarters are minted for a ten week period and are never issued to the public again.
Borrowing a page from history a unique method of issuing the coins was devised. Each state quarter is issued according to when they became a part of the United States.
Each of the state quarters is minted with the image of George Washington on the front, or obverse, side of the coin but on the back, or reverse, side is a design based on something noteworthy about that particular state. Once the program is over in 2008 the normal eagle design will once again be on the reverse side of the quarter.
What makes this coin series different from all others in the past is that each state gets to select the design for their own state’s quarter with the Governor of each state determining the selection process. While some states appoint design committees other states like Michigan and Vermont have contests that any resident can enter.
In Missouri people voted via the Internet for their favorite design with almost 180,000 people voting while other states had the Governor making the final choice based on several designs.
Since these coins are in great demand and will never be minted again prices of the state quarters have been increasing and some of the early state coins are worth $1.00 or more depending on condition. A specialty area of coin collecting known as error coins has also been able to participate with some flawed coins going for up to $500.
A whole new business has cropped up revolving around the state quarters program with many products like specialty coin holders enjoying immense popularity. Probably the most familiar example of this would be the United States map quarter holder. These holders are in the shape of a map of the U.S. and have places in each state for that state’s quarter to proudly reside. They also usually have little state facts printed by them which make for a great learning experience.
The State Quarters Program is an ideal way for anyone wanting to start collecting coins to get their feet wet, especially youngsters. It’s easy, inexpensive and you get a little dose of history as well.
CALEB
Nothing in recent years has done more to popularize coin collecting than the 50 State Quarter Program Act of 1997. This unique Act runs from 1998 until 2008 is easily the most popular minted coin series in the history of the U.S. Mint.
Beginning in 1998, five new state quarters are released each year for a ten year period with a new quarter released approximately every ten weeks. The quarters are minted for a ten week period and are never issued to the public again.
Borrowing a page from history a unique method of issuing the coins was devised. Each state quarter is issued according to when they became a part of the United States.
Each of the state quarters is minted with the image of George Washington on the front, or obverse, side of the coin but on the back, or reverse, side is a design based on something noteworthy about that particular state. Once the program is over in 2008 the normal eagle design will once again be on the reverse side of the quarter.
What makes this coin series different from all others in the past is that each state gets to select the design for their own state’s quarter with the Governor of each state determining the selection process. While some states appoint design committees other states like Michigan and Vermont have contests that any resident can enter.
In Missouri people voted via the Internet for their favorite design with almost 180,000 people voting while other states had the Governor making the final choice based on several designs.
Since these coins are in great demand and will never be minted again prices of the state quarters have been increasing and some of the early state coins are worth $1.00 or more depending on condition. A specialty area of coin collecting known as error coins has also been able to participate with some flawed coins going for up to $500.
A whole new business has cropped up revolving around the state quarters program with many products like specialty coin holders enjoying immense popularity. Probably the most familiar example of this would be the United States map quarter holder. These holders are in the shape of a map of the U.S. and have places in each state for that state’s quarter to proudly reside. They also usually have little state facts printed by them which make for a great learning experience.
The State Quarters Program is an ideal way for anyone wanting to start collecting coins to get their feet wet, especially youngsters. It’s easy, inexpensive and you get a little dose of history as well.
CALEB
Nov
9
Filed Under Education | Comments Off
David Inchan asked:
Origin of Coins and Numismatists
The hobby of coin collecting has presently taken an extraordinarily unique shape. Every day hundreds of new collectors are joining the numismatic community. The total numismatist population worldwide has quickly surpassed a few million. The experts are professional collectors, but it can be said with guarantee that a great section of the newcomers are entering the world merely as casual collectors of coins.
This article discusses interesting facts about coins and numismatology. The hobby of coin collection started with the minting of the first set of coins in Asia Minor nearly 650 BC, prior to which there were gold and silver ingots for legitimate use for the tenders. During those historical periods, businesses were based on a typical barter system, where in each transaction the goods were exchanged with the carefully weighed precious metal - especially gold or silver, since coins were not yet in use.
Unscrupulous dealers tried to steal things by passing out a lower quantity of metals. Therefore there was a desperate need to bring about certain alterations in the socio-economic conditions, which consequently lead to form stronger governments with more effective statutory regulations. Coins then came into existence and were printed on the basis of the standardized weights of the precious gold. Within the next century the idea of coins became the principle medium of business.
Vivid History of Numismatics
The coins of a nation are perhaps the most appropriate items available to provide the best perspective of a nation - being the most admired treasure of the nation’s historical, social, and economic information. This is one of the most popular reasons why people get started in collecting both domestic and world coins.
In the modern day, the activity of numismatics is considered the collection of a wide range of artistic works of the past, and simultaneously the act of collecting the valuable legal tenders. Researchers have worked long and hard to conclude that the act of collecting coins was started by the father of the Renaissance - Francesco Petrarca, who has also written certain facts about his collections.
The popes during the Renaissance period were very interested in this hobby, gradually turned into a passion, and they collected coins for the art and value. However, evidence has also been unearthed regarding the fact that the Roman emperors used to pay prices higher than the face value for the coins that were not in circulation. Numismatology is actually the “hobby of kings” - a title given by those enthusiastic renaissance kings.
To summarize, the hobby of coin collecting has presently taken a very interesting direction. This article discusses interesting ideas and information about coin collecting and numismatics. Coin collecting as a hobby started with the minting of the first set of coins in Asia around 650 BC, prior to which there were gold and silver ingots commonly used for trading among vendors and customers. Within the next century the coins replaced other forms of barter and became the principle medium of transacting business. Popes during the Renaissance period were very interested in collecting coins as a hobby, which gradually turned into a passion. Eventually, they collected coins for the art and the value of the investment.
JOESPH
Origin of Coins and Numismatists
The hobby of coin collecting has presently taken an extraordinarily unique shape. Every day hundreds of new collectors are joining the numismatic community. The total numismatist population worldwide has quickly surpassed a few million. The experts are professional collectors, but it can be said with guarantee that a great section of the newcomers are entering the world merely as casual collectors of coins.
This article discusses interesting facts about coins and numismatology. The hobby of coin collection started with the minting of the first set of coins in Asia Minor nearly 650 BC, prior to which there were gold and silver ingots for legitimate use for the tenders. During those historical periods, businesses were based on a typical barter system, where in each transaction the goods were exchanged with the carefully weighed precious metal - especially gold or silver, since coins were not yet in use.
Unscrupulous dealers tried to steal things by passing out a lower quantity of metals. Therefore there was a desperate need to bring about certain alterations in the socio-economic conditions, which consequently lead to form stronger governments with more effective statutory regulations. Coins then came into existence and were printed on the basis of the standardized weights of the precious gold. Within the next century the idea of coins became the principle medium of business.
Vivid History of Numismatics
The coins of a nation are perhaps the most appropriate items available to provide the best perspective of a nation - being the most admired treasure of the nation’s historical, social, and economic information. This is one of the most popular reasons why people get started in collecting both domestic and world coins.
In the modern day, the activity of numismatics is considered the collection of a wide range of artistic works of the past, and simultaneously the act of collecting the valuable legal tenders. Researchers have worked long and hard to conclude that the act of collecting coins was started by the father of the Renaissance - Francesco Petrarca, who has also written certain facts about his collections.
The popes during the Renaissance period were very interested in this hobby, gradually turned into a passion, and they collected coins for the art and value. However, evidence has also been unearthed regarding the fact that the Roman emperors used to pay prices higher than the face value for the coins that were not in circulation. Numismatology is actually the “hobby of kings” - a title given by those enthusiastic renaissance kings.
To summarize, the hobby of coin collecting has presently taken a very interesting direction. This article discusses interesting ideas and information about coin collecting and numismatics. Coin collecting as a hobby started with the minting of the first set of coins in Asia around 650 BC, prior to which there were gold and silver ingots commonly used for trading among vendors and customers. Within the next century the coins replaced other forms of barter and became the principle medium of transacting business. Popes during the Renaissance period were very interested in collecting coins as a hobby, which gradually turned into a passion. Eventually, they collected coins for the art and the value of the investment.
JOESPH
Nov
8
What do I need to know about collecting Ancient Roman coins?
Filed Under Hobbies & Crafts | Comments Off
sk_quest asked:
I want to start collecting Ancient Roman and Greek coins. Are there any helpful website or (better yet) books? Any advice or information you can share?
SCOTT
I want to start collecting Ancient Roman and Greek coins. Are there any helpful website or (better yet) books? Any advice or information you can share?
SCOTT
Nov
7
Filed Under Collecting | Comments Off
James Burns asked:
Coin Collecting and Confederate Gold
Jason Whitney, the President of First Fidelity Reserve finds the hobby of coin collecting uniquely interwoven into the history of America. Beaumont Texas the home of First Fidelity Reserve is steeped in exciting history dating back before the Civil War. Texas was in fact one of the last state to declare its secession before Lincoln took office on March 4, 1861. About four years later when General Robert E. Lee surrendered at Appomattox in, 1865, the War Between the States officially ended and Texas once again became a part of the union. During those war years many stories were told of hidden treasures of gold and silver coins buried by military and government entities.
In one of them…a secret, subversive Confederate group, the Knights of the Golden Circle, hid fortunes in ill-gotten Confederate gold to finance a second Civil War. Cryptic clues are said to lead to coin caches.
Sounds similar to the Walt Disney’s National Treasure Book of Secrets movie theme, a sequel to the 2004 hit? Nicholas Cage stars as Ben Gates, a treasure hunter in hot pursuit of a mythical treasure through a series of clues passed down for centuries? Thought a lunatic, Gates perseveres and discovers the greatest cache of treasure of all time, Cibola, the Seven Cities of Gold.
“Boy, you see that tree? That’s a treasure tree. You see that writing? If you can figure out what it is, you’ll find some gold.”
The old man said no more, but his words stuck with Brewer throughout childhood and two tours of duty in Vietnam as a Navy helicopter crewman. So did memories of Ashcraft’s frequent, unexplained rides into the nearby Ouachita Mountains.
Retiring from the Navy in 1977, Brewer took up an illusive quest…for buried treasure and his family’s links to the mysterious Knights of the Golden Circle. Many years of research placed Brewer among a growing following who believe the group buried millions in gold across a dozen states, to finance a second Civil War that never came to be. And Brew believes Grandpa Ashcraft and his son Odis were somehow involved with it.
In Brewer’s Ben Gates journey, he has unearthed about $200,000 worth of gold and silver coins, proving he’s not some old coot with a metal detector. For those numismatist and history buffs who like these types of stories Whitney of First Fidelity Reserve recommends that you read Shadow of the Sentinel: One Man’s Quest to Find the Hidden treasure of the Confederacy, which Brewer co-authored in 2003 with Warren Getler, a former Wall Street Journal reporter. Reissued in paperback as “Rebel Gold,” the book gives new information of the hidden history of the KGC and details Brewer’s research into his family connections and his work in cracking the KGC hidden code.
Many KGC symbols are recurring: snakes, turtles, crescent moons, crosses, numbers and letters with odd flourishes. Brewer believes they may be cryptic indicators of distance and direction, all clues to buried treasure.
He is now working in Oklahoma, after a “big, big one,” big enough to validate his 30-year search. The Oklahoma cache was reportedly two million dollars when it was buried with today worth about 80 times that face value. “Coins steeped in this type of exciting history virtually addicts us who love collecting these beautiful, fascinating links to our historical roots,” states, Jason Whitney, First Fidelity Reserve’s president.
KEITH
Coin Collecting and Confederate Gold
Jason Whitney, the President of First Fidelity Reserve finds the hobby of coin collecting uniquely interwoven into the history of America. Beaumont Texas the home of First Fidelity Reserve is steeped in exciting history dating back before the Civil War. Texas was in fact one of the last state to declare its secession before Lincoln took office on March 4, 1861. About four years later when General Robert E. Lee surrendered at Appomattox in, 1865, the War Between the States officially ended and Texas once again became a part of the union. During those war years many stories were told of hidden treasures of gold and silver coins buried by military and government entities.
In one of them…a secret, subversive Confederate group, the Knights of the Golden Circle, hid fortunes in ill-gotten Confederate gold to finance a second Civil War. Cryptic clues are said to lead to coin caches.
Sounds similar to the Walt Disney’s National Treasure Book of Secrets movie theme, a sequel to the 2004 hit? Nicholas Cage stars as Ben Gates, a treasure hunter in hot pursuit of a mythical treasure through a series of clues passed down for centuries? Thought a lunatic, Gates perseveres and discovers the greatest cache of treasure of all time, Cibola, the Seven Cities of Gold.
“Boy, you see that tree? That’s a treasure tree. You see that writing? If you can figure out what it is, you’ll find some gold.”
The old man said no more, but his words stuck with Brewer throughout childhood and two tours of duty in Vietnam as a Navy helicopter crewman. So did memories of Ashcraft’s frequent, unexplained rides into the nearby Ouachita Mountains.
Retiring from the Navy in 1977, Brewer took up an illusive quest…for buried treasure and his family’s links to the mysterious Knights of the Golden Circle. Many years of research placed Brewer among a growing following who believe the group buried millions in gold across a dozen states, to finance a second Civil War that never came to be. And Brew believes Grandpa Ashcraft and his son Odis were somehow involved with it.
In Brewer’s Ben Gates journey, he has unearthed about $200,000 worth of gold and silver coins, proving he’s not some old coot with a metal detector. For those numismatist and history buffs who like these types of stories Whitney of First Fidelity Reserve recommends that you read Shadow of the Sentinel: One Man’s Quest to Find the Hidden treasure of the Confederacy, which Brewer co-authored in 2003 with Warren Getler, a former Wall Street Journal reporter. Reissued in paperback as “Rebel Gold,” the book gives new information of the hidden history of the KGC and details Brewer’s research into his family connections and his work in cracking the KGC hidden code.
Many KGC symbols are recurring: snakes, turtles, crescent moons, crosses, numbers and letters with odd flourishes. Brewer believes they may be cryptic indicators of distance and direction, all clues to buried treasure.
He is now working in Oklahoma, after a “big, big one,” big enough to validate his 30-year search. The Oklahoma cache was reportedly two million dollars when it was buried with today worth about 80 times that face value. “Coins steeped in this type of exciting history virtually addicts us who love collecting these beautiful, fascinating links to our historical roots,” states, Jason Whitney, First Fidelity Reserve’s president.
KEITH
Nov
6
coin collecting- good condition?
Filed Under Hobbies & Crafts | Comments Off
Lovex ALLi asked:
i have a penny from 1924 and one from 1951, i found a way to make it look pretty shiny and stuff, but if i was to sell them, would collectors want them shiny and in good condition, or the way i found them?
CRAIG
i have a penny from 1924 and one from 1951, i found a way to make it look pretty shiny and stuff, but if i was to sell them, would collectors want them shiny and in good condition, or the way i found them?
CRAIG
Nov
5
Filed Under Collecting | Comments Off
Tom Lindstrom asked:
As you develop a hefty coin collection the thought of selling some is going to run across your mind. There are several factors that can determine your coin collection value making it vital you do some research. One question many people have is whether you can get more money for selling a set or an individual coin.
The two ways you can go about selling your coins is by selling the complete set or by selling them individually. You will find that each has its own advantages and disadvantages depending on how much work you are willing to put in.
If you are going to sell the entire set you have to realize the coin collection value may not be as much as you could get from selling each coin. As a whole you will obviously make far more than selling one coin, but per coin the value will drop. If you do have a complete set, you may be better off leaving it as a set so that you can guarantee a large sell.
Prior to selling any coins it is important you know what they are worth. You do not want to get ripped off by selling a coin or set for far less than it is actually worth. Take the time to compare what you already know with bids and information you get from others.
Another advantage to selling the entire set as one is that it is far less time consuming. All you have to do is sell one item as oppose to selling each individual coin. However, you have to decide if it is worth it if your overall coin collection value is going to drop. Try to figure out how much each coin will drop. If it is just a little bit, it will be worth selling the set as a whole.
The other route you can take is to sell one coin at a time. You will be able to make more money from each coin, but you have to expect some coins to be left without being purchased. With these coins you can either save them or try to sell them elsewhere for less than you had hoped to get for them.
Whatever option you decide to take, make sure you realize you will have to put in the time and effort to sell your coins. You do not want to drop your price if you are not getting immediate attention. All this will do is decrease the amount of money you are making on an overall higher coin collection value.
IRA
As you develop a hefty coin collection the thought of selling some is going to run across your mind. There are several factors that can determine your coin collection value making it vital you do some research. One question many people have is whether you can get more money for selling a set or an individual coin.
The two ways you can go about selling your coins is by selling the complete set or by selling them individually. You will find that each has its own advantages and disadvantages depending on how much work you are willing to put in.
If you are going to sell the entire set you have to realize the coin collection value may not be as much as you could get from selling each coin. As a whole you will obviously make far more than selling one coin, but per coin the value will drop. If you do have a complete set, you may be better off leaving it as a set so that you can guarantee a large sell.
Prior to selling any coins it is important you know what they are worth. You do not want to get ripped off by selling a coin or set for far less than it is actually worth. Take the time to compare what you already know with bids and information you get from others.
Another advantage to selling the entire set as one is that it is far less time consuming. All you have to do is sell one item as oppose to selling each individual coin. However, you have to decide if it is worth it if your overall coin collection value is going to drop. Try to figure out how much each coin will drop. If it is just a little bit, it will be worth selling the set as a whole.
The other route you can take is to sell one coin at a time. You will be able to make more money from each coin, but you have to expect some coins to be left without being purchased. With these coins you can either save them or try to sell them elsewhere for less than you had hoped to get for them.
Whatever option you decide to take, make sure you realize you will have to put in the time and effort to sell your coins. You do not want to drop your price if you are not getting immediate attention. All this will do is decrease the amount of money you are making on an overall higher coin collection value.
IRA