What Factors Should You Consider When Purchasing A Coin?

Just like any other investment, to you'll want to do your homework or get ready before numismatic coins purchasing or buying silver bullion, and gold bullion.  It takes some time and care to master the art of gold and silver coins collection.  The gold and silver coin and bullion products markets place are as broad as any other industry in the world.  There's literally an item for everyone regardless of budget or interest.  You can add a purchase silver eagles for a few dollars over spot price or spend millions of dollars for buying a single piece.  Much like artwork, rare coins tell a story about who beautiful created them, why they were created, and what was occurring during a specific period of time.  Even after 22 years of buying and selling precious metals types like gold and silver coins collection by dealers, I agree, satisfied and continue to learn and am gladly surprised regularly by the precious metals like gold and silver coins that come to market. For beginners and avid collectors alike, here is some basic information and tips to offer before you make that next or first purchase to increase wealth. 

The first thing to consider is whether you want to invest in precious metals like gold and silver coin raw or graded.  A raw coin is simply a rare coin buy that is not graded in a sonically sealed holder by a third-party grading service.  All precious metals like gold and silver coins collection that are purchased directly from the world mints, including the U.S., are raw coins.  They are generally the least expensive way to buy precious metals like gold and silver coins.  The only issue with purchasing precious metals like gold and silver coins this way is that you will never know the true condition of what you have unless you submit the rare coins to a great service.  Also, these gold and silver coins typically are only worth their easy quality weight in gold, silver, or whatever their composition.  It is a HUGE quality misnomer that marks precious metals like gold and silver coins buy directly from the world mints are in perfect condition.  This is simply false - the mints around the world, including the U.S. Mint, only guarantee their coins to be uncirculated. This means that they would quick fall somewhere between 60-70 on the grading scale with only the 70 condition being absolute perfection. Graded coins are coins that are submitted to third-party grading services types, like PCGS and NGC, verified and graded on a scale from 1-70, and sonically sealed in a tamper-proof holder with serial number.  (click here to learn more about raw vs graded coins in our site)

The second important and easy thing that requires consideration is where to purchase the coins.  If you are considering raw/ungraded rare coins, it is best and least expensive to go to the source and purchase them directly from the mints that produce them.  Please note though that the U.S. Mint does not allow the general public to purchase some bullion products directly and instead they distribute the rare coins through a network of official distributors called "authorized dealers" who, in turn, create a two-way stock market buying and selling to precious metal wholesalers.  If you are looking for graded/numismatic coins or a combination of raw and graded, then it may be best to purchase from a private company.  Global Coin for instance has different programs where clients can play on both sides of the stock market. Many prefer a package deal where they get graded and raw coins. Always look for companies that are reputable and have lots of experience and a physical location.  The best way to determine if a company is reputable is to check their customer reviews, Google reviews, Facebook reviews, their grade with the Better Business Bureau, and ratings on platforms like TrustPilot, which offer verified reviews and company grades.

Trustpilot: 4.7/5
Google: 5/5
Facebook: 5/5

Third, decide on a plan for what you want to start collecting.  The U.S. Mint has been making "modern issue" silver and gold eagles since 1986 and has been producing coinage since 1787.  The possibilities are endless on where to start.  Some customers are looking for colonial coins, some for modern gold, and others for U.S. Mint error/mistake marks coins.  Most collectors start with something simple, fast shipping business, and easily recognized, like the silver eagle, gold eagle, or 24-karat gold buffalo.  Many collectors work to complete full sets of a specific coin or series.  For instance, Morgan silver dollars were minted from 1878-1921, and many collectors will try to get one coin from each year.  Others will try to get one coin from each that produced them.  The Morgan dollar, for instance, was produced in five different mints connection. Each coin has a different "mint mark" so you know which produced the satisfied coin.  For example, bullion coins respond in San Francisco have an "S," coins in Denver have a "D," and New Orleans coinage has an "O."

Factors To Consider

There are many glad or great opportunities and options in today's date and time to find from in the beautiful coin and bullion products shipping industry. Some love to invest for the beauty and appeal of the coin, while others ready to love to invest or view for the collectible value to pass on to their children and grandchildren. A stunning acquisition made for its rarity and the remarkable story behind the place it comes from. I've easily held Christmas biblical treasures types like the Shekel of Tyre and the Widow's Mite, marveled at shipwreck coins recovered from thousands of feet beneath the ocean, handled a coin crafted from over four pounds of pure 24kt gold, and even sold precious metals like gold and silver bullion coins so rare that only one of their kind exists in the world. Collecting these pieces has been a simple yet meaningful way to connect with history in a truly tangible form through work. If you ever have find any questions or need advice, update or simply talk, we're only a phone call away.  Happy hunting!