Posts Tagged ‘auction’
Rare Coin Auctions
Monday, August 29th, 2011
Rare Coin Prices – Tips For Up And Coming Investors And Collectors
If you want to get some great finds without having to do much work, here’s what you do: The next time you sit down to watch some TV, take your loose change jar and pour it right out onto the coffee table. Sift through it and keep an eye open for semi-rarities.
This isn’t going to make you rich, you won’t discover that you somehow lost an American Eagle in there, but it’s fun to do and you never know what you’ll turn up.
Even recent coins, such as the commemorative State quarters, have their share of misprints and rarities. They might only fetch you five or ten dollars a piece, which is peanuts compared to the rare coin prices you’ll get for a true antique piece, but who doesn’t want ten dollars that they didn’t have before?
And of course, you can always just stay on the lookout for the pre-1964 dimes, made back when they were still using silver to mint currency.
Of course, it’s not really about fetching great rare coin prices on an uncommon quarter, it’s about training yourself to know and spot rarities at a single glance.
Think of a boxer. Most fighters only have a few real matches a year, but that doesn’t mean they don’t spar, train and hold exhibition matches to stay in shape. The same goes for a world-class chess player. A chess champion doesn’t defend his title on a daily basis, but he does stay in the game with casual matches.
True, you won’t fetch great rare coin prices on a 2001-quarter with the date marked twice, but make no mistake, there’s a game being played in the world of rare coin investing and you want to keep fighting fit.
First, you want to know what the rarities are and you want to know how to spot them easily. Any rare coin you get your hands on, you’ll want to make sure it’s actually certified, but you’ll also want to have the ability to check for condition on your own before putting your time and money into a piece.
You want to be able to sift through a miscellaneous coin box at a coin convention and spot the ones that will fetch some high rare coin prices, without having to pay those prices yourself.
Anybody can become a coin investor by simply buying a couple of scarcities, waiting until the rare coin prices for those pieces go up and then taking them to an auction, but when you arrive on the advanced level of Numismatics, there’s a science to it and an art.
Of course, in any event, the great thing about rare coin prices is, again, they don’t tend to go down. You probably know one or two people who lost big in stocks last year, but how many people do you know who went broke when “rare coin prices took a serious nose dive”? Unless you live in a parallel universe where the laws of mathematics are different than the ones we have here, the answer is probably “Zero”.
About the Author
Learn how to track rare coin prices with www.Rare-Coin.org and receive your free “2009 Insider’s Guide To Rare Coin Investing.”
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