Investing in Rare Coins and Precious Metals
Are you like the millions of Americans that have old silver coins stashed away somewhere? My wife has old dimes, quarters, and half dollars taking up space in our safety deposit box. Nothing rare - just 90% silver. So what is it all worth?
With ads touting phrases like “24 KT gold” and “.999 Pure Silver,” one is lead to believe that what's being offered might also be a good investment. So just how much is the gold and silver in that coin or medallion worth?
Many believe the rare coin market is a fixed game and that it favors the auctioneers and dealers over the average collector. Learn how to level the playing field a bit more towards the collector.
Third-party grading services can make mistakes. The old adage "buyer beware" was certainly true when I bought a SS Republic shipwreck gold coin that was not what it said it was on the holder. The actual coin was worth thousands of dollars less than what I paid.
The ad I'm looking at mentions how a U.S. Presidential postage stamp series is now worth over 12 times its original face value. Are the Presidential dollars destined for a similar fate as the ad implies?
Every coin collector wants to know the value of their coins. Here are 4 things you need to know before you set a value to your coin collection using price guides.