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Sunday, August 03, 2008

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Preserve gold bars and bullion coins in the original mint packaging. Since it is soft, mint-fresh gold is easily subject to scratches from rough surfaces. Careful handling and preserving can go a long way in getting the best price during a resale.
Buy gold coins.

Whether you are buying from a bricks and mortar dealer or buying online through a website or an auction site like EBay, check the reliability of the dealer. For a store, at least check with the local Better Business Bureau. If the dealer is a member of the Professional Numismatists Guild (PNG), that is a big plus. For an EBay auction, check the seller's feedback rating. If it's very low, or there are many negatives, think twice before spending a large sum with them. On large ticket items, ask if the seller will agree to use Escrow.com. They act as a middleman and the money doesn't pass to the seller until the buyer is satisfied with the item. The buyer will pay a charge, but it's well worth it when big money is changing hands.
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.
Buy gold coins.

Any highly experienced coin authenticator will tell you that they often can't tell you why a given specimen is fake, (short of doing a full objective analysis, as explained below.) All they can say is that it doesn't "look right." Learn what the genuine silver coin looks like, and when you get that little red flag waving in your head that something looks wrong, even if you can't put your finger on exactly what is wrong, trust your senses and don't buy the coin!
Buy Mexican gold coins.

A general rule of wholesale coin pricing is that the more valuable the gold coin is, the smaller the profit margin needs to be, percentage-wise. If a coin will sell for $15,000, a dealer can make a nice profit if he buys the coin for $14,000, but he might have this coin in is inventory (and his investment in it tied up) for a long time before someone who can afford $15,000 a pop for coins comes along.
Buy gold coins.

1780 s silver dollars htm News

Coin Dealer Reviews - Chattanooga Coin

I am beginning a new feature called "Coin Dealer Reviews," in which I will be providing periodic reviews of major coin dealers. These are the dealers who advertise on...

Super-Sized, Eight Ounce Silver Park Quarters Proposed

Tue, 29 Jul 2008 19:55:12 +0000
The latest congressional National Parks Quarter proposal calls for a massive three-inch, eight ounce silver collector coin.
An amazing size that would quite easily dwarf current US bullion coinage — as a comparison, the popular American Eagle silver coin is an already large 1.598 inches with a single ounce of silver.
The House of Representatives ...]

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