Buscar

Translate

Exactly How To Choose What Type Of Silver Or Gold Coins You're Going To Accumulate

By Erik Sant


Most collectors of American coins collect by date , mint mark, and condition. This is identified as "series" collecting. That's exactly how I started out. I quickly assembled a complete collection of Morgan and Peace silver dollars. Then I gathered a complete collection of Silver Eagles and Engelhards and also other bullion type coins.

I started a Walking Liberty half dollar collection, until they got too costly in uncirculated condition. I'd been interested about accumulating money from other places of the world but didn't understand much about it.

Nearly all foreign coins are collected by type, which makes the KM (Krause & Mishler) numbers so helpful. The Krause & Mishler "Standard Catalog of World Coins" in its numerous editions is the Bible of world coin collectors. I acquired much of my knowledge in this field by viewing and understanding these massive books .

Many collectors assemble their collections by type, in some form or another. I realized early on that my "type" is one ounce gold and silver. As I discovered much more about foreign gold and silver one ounce coins, I discovered them considerably a lot more affordable than American silver and gold dollars in a similar condition.

I often purchase them at a discount from Europe, China or South America. I'm guessing individuals on those nations:

* Have small interest in numismatic collecting

* Can't pay for expensive, unnecessary precious metal coins

* Back to 1 & 2, require the money and don't wish the coins to store, so they will sell them cheaply compared to Americans

For instance, you may obtain gold of a particular denomination or style. Or you might collect each denomination of gold coin a nation has ever minted. You might collect crown size silver as I do. You can actually accumulate commemorative pieces from different countries. You might possibly wish an example of anything a single nation ever minted .

I collect silver and gold coins with various female representations of Liberty on it. I also have a one ounce silver assortment with sailing ships depicted on them. You might also be interested in accumulating coins with images of the country's ruler on them.

In a sense, accumulating your items by type is much more affordable than accumulating by series, particularly since supply is constant and demand is increasing for certain coins beyond what exactly is inexpensive or even attainable to many collectors.




About the Author:



 
ITS ALL ABOUT Finance © 2012