Collecting gold coins can be a very interesting and potentially lucrative hobby. Coins can grow in value over time, as coins age and become rarer. In addition, a rise in the gold market can increase your coins’ value. The following are some tips for collecting and selling coins to a Coin Shop in OKC.
Collecting
Before you start collecting, you’ll want to have some basic equipment. One thing you’ll need is a magnifying tool. You’ll need to be able to see very small markings on the coins, such as mint designations, that may fade with time. You’ll also want to make sure your coins are stored safely with protective sleeves or folders.
It’s good to have a strategy for collecting coins. For example, you can collect coins by series, denomination, year (or century), design, mint, or circulation (for example, collecting uncirculated commemorative coins). Collecting a complete series, for example, or a set of coins by a single designer, can increase the value of your collection, making it a better investment.
Once you begin collecting coins, handle them carefully. Lay them on a non-abrasive cloth to examine them and try to handle them as little as possible. When you have to pick up a coin, try to handle it only by the edges. Whatever you do, don’t try to clean a gold coin. Any abrasion will wear away the surface and decrease the coin’s value.
Selling
First, you need to research the value of your coins. One way to do this is to look them up in a price guide online. You can also get an appraisal from a Coin Shop in OKC. Most will offer a free appraisal.
When you are ready to sell, start by making a complete inventory of your collection. A printed list is easier to carry around than a set of coins. If you show your list to a dealer, he or she can quickly identify items of interest. It may be that the dealer doesn’t have a need for your collection at the moment, but he or she can contact you later on.
Make sure to visit more than one dealer with your inventory. You can also use internet sites to advertise your collection and get bids. However, most people feel more secure doing business with a reputable local dealer, like .
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