5 Reasons To Buy And Collect Certified And Graded Coins

People buy coins for variety of reasons. One reason is for pleasure. Many coin collectors today enjoy collecting rare coins dating back in the 17th or 18th century. Another possible reason why people collect coins is for investment purposes. Coins especially gold are very expensive and their value will not depreciate by economic threats like inflation. One of the most desirable coins today is the Gold Eagle Coins. If you are like the many that collect coins either for pleasure or for investment, following are important facts about the Gold Eagles that you may want to know.

Count in the reward program. Some dealers will give you reward points and allow you to redeem them after certain time. Coin club even give $5 worth silver for every $100 dollars spend on their store.

For about $10-20, you can collect a coin from the more famous 1st and 2nd century emperors, and of many later ones in very nice condition. In fact, for $20 a coin, you can quite easily assemble a collection of more than half of the emperors (over 50) in very nice condition with clear portraits and readable legends.

Luckily–the free market being what it is–there are dealers who will take the time to evaluate Gold Maple Leafs and pay more for the ones in better condition. Still, the spread (the difference between what an investor can buy and sell for at any moment) on “perfect” Gold Maple Leafs is about $4 wider than on Gold Eagles. However, the U.S. Mint’s new 24-karat gold coins need not be problem challenge coin creator.

Coin collecting shouldn’t be thought of or approached strictly as an investment. That takes the joy out of finding that special coin. For me, the more silver and gold coins I’m familiar with, the more of them I want. It’s addicting.

Coin values are first determined by their age. The older the coin, the more value it will have. When determining coin values based on the age of the coins, tests will be carried out to verify authenticity and precise age of the coins.

Different coins may be struck with different depths in the beginning so you should know what the coin looks like in mint or uncirculated condition. The appearance of the coin will be the most important factor in grading coins. Coins that are mint condition or uncirculated will have the full luster that they came off the mint with. Some slight discoloration can occur from rolling the coins together or from rubbing together in the bag they were put into. If the metal itself is still intact, the coin is probably still in mint condition.

Collecting coins is an exciting, as well as profitable, hobby but you should be well aware of the fact that there are many people who sell fake coins referring as authentic ones. So, before you put your hard-earned money in this hobby, study well and then purchase a coin.