Coins And Currency Collecting-Everything You Need To Know Blog

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Friday, October 10, 2008

buying gold coins Information

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Try to invest regularly. Like the stock market, it's difficult to call the tops and bottoms in the coin market. Over the course of time, you will fare better by dollar cost averaging than investing a large amount at one time.
Buy gold coins.

As a general rule, the more common a gold coin is, and the lower grade the coin is, the higher the profit margin (expressed as a percentage of the selling price) for the dealer must be. The reason for this is that low-grade, common coins are harder to sell. Another reason for this difference is dollar value. If a dealer buys a common date, heavily circulated 1940 Wheat Cent from you, he might pay you 2 cents for the coin and sell it for 5 cents, making a greater than 100% profit (but still only 3 cents!) But if he buys a key date, heavily circulated coin, such as a 1931-S Wheat Cent in Good (G-4 grade), he might be able to pay you $50 for it, even though he will make only a 20% profit when he sells it for $60. The difference here is that the 1931-S is likely to sell much faster than the 1940 Cent, plus the dollar value involved in measurable.
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How does the silver coin's edge look? If the coin edge should be reeded, and isn't (or vice versa) this is a giant red flag, since mint errors of this type are very rare. Also, if the coin has a seam around the edge, a bit of a protrusion on the edge that could be a casting sprue, or file marks indicating a sprue or seam was removed, don't buy the coin!
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The Vienna Philharmonic gold coin is one the Austrian Mint first began producing in 1989 and it quickly became very popular. This coin was the best selling gold bullion coin in the world in 1992, 1995, and 1996 according to World Gold Council. Minted in 1-oz., �-oz., �-oz., and 1/10-oz. sizes, all Vienna Philharmonics are made from 99.99% pure gold. No alloyed metals are added. All coins are minted at the Austrian Mint AG, now a subsidiary of the Austrian National Bank. The Mint was established in 1194 and has remained in its current building since 1837.
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Some purchase gold coins Stories

Gold Investments Market Update - Safe Haven

Fri, 10 Oct 2008 13:06:00 GMT
While gold has again surged on safe haven buying overnight (and is up since 20% since the financial and economic crisis deepened), there is increasing surprise that gold has not ...

Designer Jay Strongwater moved from jewelry to making a home ...Marconews (subscription), FL - 3 hours agoPlating is the process of applying special coats of metal onto the surface; two of our favorite platings are antique gold and oxidi

Mon, 28 Jan 2008 23:19:14 +0100
Foreign Correspondent, Canada -In the 1600A
s, SpainA
s imperial expansion and European wars were dependant on silver and gold looted from Peru. Spanish treasure fleets transported tons of ...

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Big Change at PCGS!

Collectors Universe (CU), the parent company of PCGS, issued a press release this evening stating that Ron Guth has resigned as PCGS President so that he can focus on developing...

Spot Prices for Gold - Silver - Platinum - Palladium

Mon, 14 Jan 2008 18:14:51 +0000
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