Chances are if know what a numismatist is, that you are interested in coin collecting. For the beginning numismatist, there is a lot to learn about the world of coin collecting. You may have questions about what supplies you need to collect coins, where you can get interesting coins and how to value coins. In this article, you'll get the answers to these questions about coin collecting for beginners and some tips to get your own collection started.
Supplies for the Beginner Numismatist
You'll need some basics before you begin collecting coins. These supplies will help you to study and inspect coins, handle coins properly and display the coins in your collection.
Before collecting any coins, collect the following supplies:
Purchasing these supplies prior to buying any valuable coins will ensure that you have the right tools to handle and maintain the quality of your coins.
Where to Find and Buy Coins
You can certainly start your coin collection with coins that come from your pocket, but if you're looking for coins that are more valuable and rare, you'll need to find a coin dealer.
Begin by consulting The Professional Numismatists Guide. This guide is created by a non-profit organization founded in 1953, which lists the most reputable rare coin and bullion coin dealers in the country. Members of the organization are required to abide by a strict Code of Ethics when buying and selling coins.
Before making any investments in coins, you should know the following marketplace factors:
The Professional Numismatists Guide is a resource that you should take advantage of to ensure that you are doing business with ethical and reputable dealers.
How to Value and Price Coins
Learning how to value coins can be a bit tricky and as is true with any collectors item, there are unethical individuals who will take advantage of buyers who haven't done their homework.
You should first be aware that there is a difference between the price and the value of a coin. The price refers to the "retail price," which is what you can expect to pay when buy a coin from a dealer. The value refers to the "wholesale price" or what a dealer would pay to buy the coin from you.
The following five factors help to determine the price and value of coins:
Coin collecting can be both a valuable and enjoyable hobby. Use the tips and information in this article to become a numismatist today (and look around for ancient coins for sale!).Share
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