Challenge coins are small pieces of medallion that has some group monogram, logo, slogan engraved to it. It is a prestigious belonging for any person. Generally military people are the extensive users of this emblem. For them it works as a group identity as well. There are certain codes of conducts that apply to these coins.
When should I make an investment? In the stock market, the spot price is the base price for precious metals like gold. The coins’ values are a bit higher than this spot price. If you want to know the accurate value of your coins, you need to check daily the rise and fall of the gold spot price. When there is drop of price, it is the right time to make an investment. There are several types of gold coin you can freely choose to invest in. These include gold bullion challenge coins custom, numismatic gold coins, American gold eagle coins and others. Other national gold bullions include the Canadian Maple Leafs, South African Kruggerands, Australian nuggets, Mexican 50 pesos and the Austrian 100 Coronas. Apart from all of these mentioned coins, there are several others to choose from.
Moreover, if you love history, collecting US gold coins is a great edge. Each coin has its history to tell. When collecting American coins, you need to understand not just the value or the markings in each coin. You have to research every small detail like the year the coins were circulating, the commerce and trade during those times and so on and so forth. Collecting coins allows you to go back in time and call to mind the American history. Let’s say you are collecting the 1795 Ten Dollar Eagle. You need to know that this item is limited and that no ten dollar gold coins were issued between the years 1805 to 1837. If you see something minted during those years, you better think twice.
However the challenge only applies to those members when they have been appraised by a coin formally by the unit. A possibility of some conflict may arise when members belonging to different organizations initiate challenges among themselves but it is not recommended formally.
Coins over a five-cent value have corrugation on the edge. This is also called reeding. Genuine coins will have reeding that is evenly spaced and the edges of the coin will be thin. On counterfeit coins the reeding may not be even and may actually be missing in some spots. The edges of the fake coins may also be thicker.
The first thing to consider is choosing the kind of coins to collect. Keep in mind that there are several kinds of custom coins cheap available like the American eagle. As you are just starting to collect gold coins you should first start with the less pricey coins. The next thing is to decide whether you will buy individual coins or the entire sets. Obviously, if you will buy the entire set it will be expensive but is worth the money. This is because the value of coins appreciates over the years.
The second way is to be involved in buying and selling coins. This may require a substantial amount to begin with but it’s a more direct way of earning profits. An individual may make an offer to buy a piece of old coin for less and sell it at a much higher price. But before entering this type of business, one must arm himself knowledge about coins so as not to be take advantage of by other buy and sell traders.
Therefore, whether you are collecting as a hobby or for investment you need to be smart in selecting the gold coins. After all, the money you buy for it is hard-earned money. That is why you should keep in mind not to waste your money by picking the coins that have lower value. Instead, choose gold coins that can make you money as years passed because of its higher appreciation value.