Should You Sell Your Gold Coins For Cash?

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.

The secondary dealer returned to trading Gold Maple Leafs but buys all them only at prices that enable him to profitably melt the coins if they are really beat up. As noted, because of the problem with secondary market Gold Maple Leafs, the Royal Canadian Mint has to price Gold Maple Leafs below Gold Eagles to entice investors to take Gold Maple Leafs in the U.S. market.

When it comes to collecting precious metals, gold coins are the most popular. Who wouldn’t be enticed to collect these kinds of coins? It is fun, educational and lucrative. Furthermore, collecting coins allow you to do something worthwhile during your spare time like joining private sales and auctions or hawking over negotiations. These experiences are very gratifying for many collectors. Aside from those, collecting coins allows the collector to share their latest addition of coins with their families and friends even telling the history behind these amazing collectibles.

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.

14. If you believe the coin you are buying will became more popular in the future, you can buy more than you want and sell some on eBay. They will reduce your coin in the end. For example, you bought 5 2011 Tasmanian Tiger 1oz Silver Proof Coins at $94.5, and sell 3 on eBay at $199 which is quite easy now, after eBay and PayPal fees, you can make about $240, which means you can have the other two beautiful coins for free and still have some extra money.

These challenge coin maker rival the Gold Eagle coin for beauty, and are even considered the most beautiful in the world by some. They are the most pure, consisting of.9999% 24 karat gold. They are inscribed on the obverse side with a bust of Queen Elizabeth II and the maple leaf on the reverse side. They are legal tender in Canada, and can be purchased from most coin dealers.

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.

Collecting coins is a widespread hobby, and hundreds of books have been written about it. Browse your local bookstore and see which books catch your eye. The U.S. Coins Red Book is an excellent resource for collectors. The American Numismatic Association Grading Guide is the go-to book for coin grading and is an invaluable resource. You can also browse other books and collecting magazines to your satisfaction.