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Coin Buying Advice - Information & Tips on Where & How to Buy Coins

Your Guide offers coin buying advice, articles, and tips. There are several ways to build a collection of rare coins, some of which might be new to you. Get the most for your money whether you buy U.S. coins, Canadian coins, or ancient Chinese Cash coins. Articles tell how to find ethical coin dealers, negotiate the lowest prices, find unsorted lots, and more.

Invest in Morgan Dollars, Consider These Points

Morgan Dollars are a popular investment vehicle for coin collectors these days. Before you invest in Morgan Dollars, however, take a moment to consider a few thoughts about rare coin investing, because although there are some excellent investment options out there in Morgan Silver Dollars, there are also some pitfalls to avoid.

Buy Sunken Treasure Ship Coins, Consider These Insider Secrets

Before you buy sunken treasure coins, take a moment to think about what you are buying. Is there a lot of marketing hype making the coin seem more valuable than it is? Has the coin been certified, and by whom? Is the coin from a recovered sunken treasure that is getting a lot of publicity now, but might be forgotten tomorrow? Here are some things to consider when buying rare coins.

Make Money With Coins

How to make money with coins. Readers share their tips for getting the most when you sell your coin collection, plus you can add your own coin selling tip!

Counterfeit Coins on eBay and How to Avoid Them

Learn how to avoid buying counterfeit and fake coins on eBay by reading these tips from other collectors.

How Do Coin Dealers Get So Many Coins That Are Limited to One Per Person?

How do coin dealers get so many coins that are limited by the U.S. Mint to one per person? for example, the 2009 Ultra-High Relief coin was limited to one per household, but some dealers have hundreds of coins for sale. How are they getting them? Do they have a special deal with Mint? I have the answer in this FAQ about limited coins.

Is Littleton's 50 State Quarters Set a Good Buy at $19.95?

A reader writes to ask if the Littleton Coin Company's offer of a complete set of the 50 State Quarters for $19.95 is a good deal. See what I have to say about this in this Littleton Coin magazine ad FAQ.

Top 5 Ways to Avoid Fake Coins on eBay

Thousands of fake coins are sold every month on eBay. If coin collectors would follow these five simple steps, not only would they not get saddled with fakes, they'd help put the counterfeiters out of business!

PCGS Founder David Hall's Coin Buying Advice for 2009

PCGS founder David Hall offers some advice for smart coin buying in the depressed economy, such as that we are experiencing in 2009. Learn what coins he says you should buy for maximum upside potential with minimal risk.

Obama Coins - Beware of Scams

Obama coins are being made by several private mints and marketers, but do any of these Obama coins have the potential to be valuable collectibles someday? The About.com Guide to coins provides an analysis of the Obama Coins market now and future.

How Can I Get the New Pennies Early?

A reader asked whether there was a way she could get the new pennies before everyone else. Although the U.S. Mint has extremely tight control over when the public can get new coins, there is another way to get the new pennies early. This FAQ tells you how.

Review of Littleton Coin Company

Littleton Coin is one of the best-known coin dealers in America. They advertise extensively, and do virtually all of their business through the mail via their approval service. In this review of Littleton Coins, I tell you whether buying from them is a smart decision.

L&C Coins - Coin Dealer Review

L&C Coins is one of the biggest advertisers in the weekly and monthly coin magazines, usually taking out expensive two-page spreads offering coins "below wholesale." Do they live up to their own hype? I made a test buy from them to find out...

Top 10 "Coin Dealer Ethics"

My "Coin Dealer Ethics" column is easily one of the most popular features on my site. This column explores ethical issues related to the buying and selling of coins. I pose an ethical question or dilemma, or lay out an event I witnessed, and readers are asked what they think about the way the coin dealer handled the situation. Occasionally I cover topics other than transactions, but the column…

Chattanooga Coin

Chattanooga Coins is a self-proclaimed coin wholesaler who sells at high retail prices. Much of their material is close-out leftovers from TV promotions and large estate purchases where they have picked up the bulk leavings after other dealers buy the rare material. This article is a review of their products and services.

Which Mint Sets Make the Best Investments?

Many people buy U.S. Mint coin sets, such as the Proof sets, annual Uncirculated sets, and the speciality sets such as the Bald Eagle Commemorative 3-coin Set and other commemorative sets. But how do you know which sets will skyrocket in value, and which sets will languish below issue price for years? I have the answer in this FAQ about which Mint sets to buy.

Rare Coins - What is the Difference Between a Grade Rarity and a Mintage Rarity?

An understanding of rare coins is essential if you are going to buy supposedly rare coins, especially the ones in PCGS and NGC type holders. There is a big difference between a grade rarity and a mintage rarity; one might be a sucker's bet, while the other is proven solid gold. Learn which is which and why in this article about rare coins.

Top Coin Picks for 2008

I am often asked what my favorite coins are, or what coins and coin sets sold by the U.S. Mint might be the best investments for the long run. It is impossible for me to make a "Top 10 Coin Recommendations" list that applies to everyone because we all have different budgets and collecting interests, but I will share my personal Top 10 Coin...

Coin Collector's Survival Manual by Scott A. Travers

Coin Collector's Survival Manual is the best insider's guide to the coin collecting hobby I have ever found. Author Scott Travers exposes the dirty little secrets of professional coin dealing in an easy to grasp, simple manner of writing that even newbie collectors can follow. Read my entire review on this page.

What is the Wholesale Coin Price Guide that Coin Dealers Use?

How can I find out about the wholesale coin market and learn what dealers pay for coins? This FAQ tells you about the insider's guide to coin prices and how to get a sample copy for yourself.

Insider's Tips for Buying and Selling Coins

Insider's tips for dealing with coin dealers. Learn how to get the best deal when buying coins, and how to get the most money when selling coins. Find out where dealers get their wholesale coin prices so you know how much they pay each other, and never overpay for, or undersell coins again. Understand how the wholesale coin market operates.

Cherrypicking Etiquette and Technique

Cherrypicking is the act of searching through coins looking for specimens that have been overlooked for some reason. Some people search through rolls of coins they get from the bank at face value, looking for errors and varieties or just old coins. Some people cherrypick by looking through coin dealer stock, trying to find overloooked varieties. This article deals with the techniques and etiquette involved in cherrypicking at coin shows and dealer stores.

The 2007 ANA World's Fair of Money in Milwaukee

ANA 2007 World's Fair of Money coin show photo gallery, along with generous commentary and my observations and opinions about the coin show displays, exhibits, and coin dealers.

Are the Coin Prices in Most Coin Catalogs Accurate?

Coin price catalogs and coin value guides, such as the Red Book, Trends, coin price magazines, etc., all have one common flaw - the prices in them are not of any value at all to a coin collector trying to appraise his own collection for sale. This article explains why.

Secret Insider Tips to Get Rolled Coins From Banks

Most coin collectors find that getting rolls of coins from their local banks isn't easy. An expert in the hobby of searching bank wrapped rolls of coins reveals the secrets to finding plenty of rolls of coins to search.

Coin Show Etiquette

People who are about to attend their first coin show often feel a little intimidated. With fancy words like "bourse" (to describe the trading floor) and lots of money changing hands for, well, money, it can be a bit intimidating to the new coin collector attending his first show. Find out all about the do's and don'ts of coin show etiquette.

How Do I Start a Coin Collection For My Children?

Many parents and grandparents would like to start a coin collection for their children, but they don't know what to collect. Learn how to start an investment collection, and what coins you should buy.

Top 5 Worst Coin Investments

This article contains my personal list of "do not buy" coin types. I am reluctant to tell anybody else what they should invest in, since nobody can predict where the market will go, but I am willing to share my own personal 30 years' worth of experience in what I personally do not collect...and why.

How to Find a Local Coin Dealer

When you want to find a coin dealer, you probably shouldn't go to the Yellow Pages first, because there are many people listed there who are really just pawn brokers, junk bullion buyers, and other non-experts. This Quick Tip page will show you exactly how to find a local, Certified coin dealer near your location.

How Can I Avoid Silver Eagle Coin Fraud and Other Fake Silver Coins?

Coin fraud is an unfortunate reality of coin collecting, but it's easy to educate yourself about fake coins and coin fraud subjects. This article teaches out how to spot fake silver coins, especially fake silver eagles from China.

Why is it Important to Use a PNG Coin Dealer?

Learn what the PNG (Professional Numismatists Guild) is and why it is important to use dealers who subscribe to the PNG code of ethics.

What are the New Liberty Dollar Coins?

New Liberty Dollars are being circulated by an organization called NORFED (National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code.) These silver dollar coins, and a $500 gold dollar coin are not legal tender coinage issued by the U.S. Mint. Learn more about these new Liberty Dollars.

The "Graded Coin Value" Fraud at Online Auctions - Learn to Protect Yourself

If you are buying coins from online auction sites such as ebay, you should be very wary about claims of coin values based on slabbed, or grading services' grades. This is an increasing problem on ebay, especially, so before you buy encapsulated coins, learn how this coin fraud is prepetrated, and a very simple method to avoid becoming a victim.

Find Rare Coin Dealers Who are Honest and Ethical Using These Tips

Coin Dealers are fairly easy to find. But how do you know you're getting a reputable, honest coin dealer? We invest a lot of money in our coins, so we want to get the best prices we can. However, price isn't everything. What if your coin turns out to be fake? Will the rare coin dealer be aaround in five years to issue a refund? Learn how to find honest and ethical rare and gold coin dealers.

Start a Coin Collection on $4

This tutorial will show you how to start a coin collection on $4. We talk about where to get the coins to start your collection (at face value), how to clean and sort them, how to mount them for display, and how to store them. Starting a coin collection from circulating coinage is very easy, if you know what to look for!

Invest in Morgan Dollars, Consider These Points

Morgan Dollars are a popular investment vehicle for coin collectors these days. Before you invest in Morgan Dollars, however, take a moment to consider a few thoughts about rare coin investing, because although there are some excellent investment options out there in Morgan Silver Dollars, there are also some pitfalls to avoid.

Buy Rare Coins From Sunken Treasure Ships, Consider These Tips

Before you buy sunken treasure coins, take a moment to think about what you are buying. Is there a lot of marketing hype making the coin seem more valuable than it is? Has the coin been certified, and by whom? Is the coin from a recovered sunken treasure that is getting a lot of publicity now, but might be forgotten tomorrow? Here are some things to consider when buying rare coins.

Know the Difference Between Price and Value

There is a big difference between the value of a coin, and the price of a coin. Your Guide explains what the difference is, and how you need to take this concept into consideration when you buy and sell your own U.S., Ancient, World, or other coins.

Database of Counterfeit Coins at the Coin Forgery Network

The Coin Forgery Network is one of the internet's largest databases of fake and counterfeit coins. They have listings, with photos, of coins from ancient to modern and everything in between. If you are buying coins that haven't been authenticated and encapsulated by a reputable grading service, check your prospects here before you buy them.

How to Avoid Coin Fraud on Auction Sites

Before you buy coins on any major auction site, such as Ebay, you should educate yourself about the numerous types of fraudulent behaviors and deceptive practices being perpetrated there. Unfortunately, fake coins are a real problem on auction sites, but you can avoid being stung by observing a few simple rules.

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