![]() ![]() You have an idea of what you like - what excites you. Tip #2 Set Goals, and Enjoy Reaching ThemĪfter you've bought several coins that strike your fancy, whether for design, history, or quality, a careful, reflective review of your purchases will uncover patterns that reveal areas of interest, or hopefully fascination. Every time you examine a coin in your collection, it will bring a smile to your face, and a warm feeling to your heart. Knowing such information makes any coin more than an investment or just part of a collection – it makes it an actual piece of the history of the country and its struggles and triumphs.īuying coins you enjoy, and methodically building a collection over time, brings a reward that is priceless. Studying the history of your coins can make a seemingly ordinary 1864 two cent piece come to life as the first coin to bear the motto In God We Trust, while a 1944 nickel with a special composition becomes a souvenir of World War II, just as a Carson City Morgan dollar can be a souvenir of the Old West. Ebsen had discovered one of the frequently overlooked secrets to enjoying his coins: He had found that learning the history of your coins makes them virtually come alive. As the coin was a Territorial $50 octagonal slug from the gold rush days in California, there were a lot of potential stories that he could make up to explain the damage to it. He explained that behind each nick was a story that he did not know, but which would lead him to imagine how that nick had been received. Each nick would decrease the value of that coin, but he did not care. One of Ebsen's favorite coins was one with a number of nicks on it. Actor Buddy Ebsen, known for his role as Jed Clampett on The Beverly Hillbillies, was a noted coin collector. Successful collectors know that focusing on investment potential means really missing out on the fun, history, education and satisfaction that make coin collecting so enjoyable. Tread carefully here, because coins are volatile, and depending upon the individual coins, they can make price comparisons look awfully good and sometimes not very good at all. But, as with all studies, like those of the stock market, price increases and profits depend on the coins or stocks used in the survey. An impressive assortment of studies shows greater financial returns from rare coins than almost any other type of investment over a period of time. There are a lot of claims and suggestions made every day about rare coin investments and how much they'll increase in value. ![]() Tip #1 Collect What You Want, Not Necessarily What You Think is a Good Investment
1 Comment
12/21/2023 09:35:12 am
I was captivated when you mentioned that price increases and profits rely on the coins. My friend wants to add Byzantine coins to his collection. I should advise him to look for a shop that offers rare & ancient coin sales.
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