Saturday, 24 November 2012

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

By Ted Jennette


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

I started a Walking Liberty half dollar collection, till they got very costly in uncirculated condition. I'd been interested about accumulating cash from other areas of the world yet didn't know a lot with regards to it.

Almost all foreign coins are accumulated by type, which makes the KM (Krause & Mishler) numbers so useful. The Krause & Mishler "Standard Catalog of World Coins" in its numerous editions is the Bible of world coin collectors. I obtained much of my knowledge in this field by simply viewing and studying these enormous books .

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

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

* Have small interest in numismatic collecting

* Can't afford expensive, unnecessary precious metal coins

* Back to 1 & 2, require the cash and do not wish the coins to store, so they will sell them cheaply as compared to Americans

For instance, you may collect gold of a certain denomination or style. Or perhaps you might possibly collect every denomination of gold coin a country has ever minted. You might possibly accumulate crown size silver as what I do. You can actually collect commemorative pieces from various nations. You might possibly wish an instance of everything a single country ever minted .

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

In a sense, accumulating your pieces by kind is a lot more affordable than collecting by series, particularly since supply is constant and demand is increasing for some coins beyond what's affordable or even obtainable to numerous collectors.




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