For proper coin care you will want to know how to handle coins so you do not devalue your new investment. The very first thing you should know about how to handle coins is never to touch the flat surfaces of the coins. If your coins have come to you in a protective sleeve, never remove them from the holder unless it is necessary. Many coins have grades stamped on the protective sleeves and shouldn’t be removed or the grading will have to be re-certified.
Sellers of ancient coins will often use terms such as scarce, rare or very rare to describe a coin. Just because someone describes a coin as rare does not mean that it actually is. Unfortunately, some sellers will attach this label to ancient coins to attract novice collectors who do not know better. If someone describes a coin as rare or scarce does the person explain why the coin is rare? Does he give it an RIC number and explain the variety? If you are new to collecting ancient coins, you should not jump on a coin just because is it described as rare.
It goes without saying that a collector on a $500 per coin budget won’t collect many gold coins. Though it is possible, these low denomination gold coins will certainly not be considered rare.
When you collect by type, you can buy beautiful examples of the more common coins of the type of coin you’re collecting. Series collecting almost demands that you have every piece in the series to call the collection complete.
Financial considerations should enter into every rare American coin purchase that you make. A real coin collector might not worry about paying an unreasonable amount for a long sought after coin, but long term implications should be considered for every rare or bullion coin purchase.
If you wish to collect foreign coins as a hobby or to understand the history of a certain country, you need to make your research and explore further as there are many precious custom challenge coins circulating in different countries over the years. On the other hand, if you are rushing to collect because of its value you should understand that US gold coins are one of the least pure among the pricey types of coins and they only have .900 percent pure gold. Unlike some of the foreign precious coins like the Chinese Pandas and the Canadian Maples leaves that are .9999 percent pure gold.
Although gold coins were already in the works, the California Gold Rush put added pressure on the United States government to come up with more gold coins. Lady Liberty, the symbol of America’s fine past, was selected for the honor. Designed by James B. Longacre, the Liberty Head was the nation’s first $1 and $20 gold coins.
Keeping the above tips in mind, it is important to remind buyers that whatever they do, they should always make sure that they buy silver coins from a reliable dealer. Buying these coins is definitely a wise decision since the value of the U.S. paper dollar is continuously decline, silver can prove to be a valuable, hard asset.