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Saturday, August 29, 2009

Old Coins and Their Values

By Pete Marks

There are a multitude of reasons why people collect coins. Many people collect coins just as a hobby and others who collect coins for their numismatic value or metal content. either way collecting coins can be fun rewarding for both.

People will collect coins from certain regions countries or just collect coins made from certain metals or a certain time period. Some collectors just collect any old coins and others may collect only made coins or sets.

The values of old coins are often influenced by age, condition or even where they were minted. In recent times many coin collectors have been hoarding more valuable coins in the price of coins have been going up because many contain precious metals such as gold or silver.

Many people will often purchase their coins from a local coin dealer. Your best deals can often be found online and at auctions sites. There are benefits to either buying from a local dealer or from purchasing online.

One of the main benefits of collecting old coins from a dealer locally is you get to physically inspect up close. One of the other advantages is that you are less likely to find a fake coin when purchasing locally. When dealing locally the local coin dealer you can establish a relationship and the dealer keep you informed of certain coins you are looking for.

The benefits of collecting old coins from auction sites online are numerous to. You often find coins at going prices which are considered acceptable when you purchase that auction prices without paying a premium. Also you can often find coins that would be difficult to find from your local coin dealer or coin shop.

It may be a little more confusing purchasing coins online but once you have developed a relationship with an online coin dealer or auction seller you will also establish a relationship of trust and a source you can go back to. Most auction sites rate their sellers and this way you may have a good idea on who is best to buy from. In todays age most sellers online have very reasonable refund policies so making a return on a purchased coin that does not arrive in the condition advertise should be a problem. - 23199

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