Where Can You Find Collectible Coins?
You can collect many items, but coin collections are one of the best. They often increase in value, and you can store them easily because of their small size. If you would like to know more, keep reading to learn about the various places you can find collectible coins.
Professional Rare Coin Dealers
Rare coin dealers are a great place to find collectible coins. Many dealers have physical stores and online stores, making it easy for anyone to shop. They tend to have a large selection, and you can trust that the coins are accurate and real. Many coins at these coin dealer shops are also already graded. If you often work with the same dealer, especially in person, you may be able to get deals and learn about new coins before anyone else.
Of course, because the coin dealer is a coin expert, they know the value of the coins. Therefore, you may not get a coin for a steal, but you also know you won’t be ripped off. Since such a wide variety of coins exists, however, you have a higher chance of finding something you can afford and that will enhance your collection.
Coin shows are events that invite coin dealers from all over the country to show their wares. This is a great way to buy coins because you can easily compare prices and quality. This is also a good place to learn more about coin collecting and meet other people who are passionate about collecting. Since the people who sell coins tend to all be reputable sellers, you don’t need to worry about scams.
However, you do need to follow special etiquette when at a coin show. Keep all your belongings away from the coins. You should also only touch the coins along the edges. Also, bring cash because many dealers may not accept credit or debit.
Auctions are another trustworthy place to buy coins. Coins sold at auctions tend to be some of the most expensive and desirable, so this may not be the best choice for new collectors or collectors on a budget. However, if you do have the money, you may be able to get a rare coin for a good price, especially if you’re the only one interested.
Coin auctions can happen in person or online. The in-person auctions are often where you will see the rarest coins, but online auctions allow you to access auctions from anywhere in the US.
Many antique stores may also sell rare coins. However, you probably won’t find the most expensive and rarest of coins at an antique store. In addition, antique stores don’t specialize in coins. They specialize in antiques, so the dealer may not have as much knowledge about collectible coins. This means they may charge too much or not enough.
This means that you need to be a little more knowledgeable about coins so you don’t end up paying for too much. You’ll also be able to spot a great deal. Keep in mind, however, some antique stores have multiple dealers, so the person selling the coins may not be around to answer your questions, and the antique store owner or employee may not have the necessary information.
Garage and Estate Sales
Garage and estate sales are another great place to find coins. However, since often anyone can sell these coins at these sales, you could easily get ripped off, or you could easily find an amazing deal. The seller may have no idea that the coin is worth anything, or they may assume every old coin has value.
For this reason, have some understanding of coins when buying from garage sales and estate sales. At the very least, understand the types of old coins that are valuable and those that have little to no value.
Coin collecting is a great investment. However, if you don’t know what you’re doing and you buy from an individual seller, you could get ripped off. If you’re just starting out, consider a professional coin dealer. If you would like to know more, contact us at Rocky Mountain Coin today.