Coin collecting can be a fun and rewarding hobby. Currency has changed drastically over the centuries, and coins exist that are hundreds of years old. You don’t need a fortune to invest in old coins, nor do you need to dedicate large amounts of space to your collection. You can get started with just a few dollars, and if you make wise investments, you can even make a profit collecting coins.
Sellers of ancient coins will often use terms such as scarce, rare or very rare to describe a coin. Just because someone describes a coin as rare does not mean that it actually is. Unfortunately, some sellers will attach this label to ancient coins to attract novice collectors who do not know better. If someone describes a coin as rare or scarce does the person explain why the coin is rare? Does he give it an RIC number and explain the variety? If you are new to collecting ancient coins, you should not jump on a coin just because is it described as rare.
It’s a good idea to get a tumbler to clean your coins and relics. Don’t tumble copper pennies with nickels, dimes and quarters. It turns the nickels, dimes and quarters to a copper tint.
As a general rule, online coin dealers are far more likely to accept credit cards than your local coin shop. The online sales almost always charge higher prices for those purchases than check or wire transfer.
Find out what are the dealers within certain distance. You can find the list of dealers from ANDA, Royal Australia Mintor Perth Mintwebsite. Also, you can also search retail shops on The Directory of Australian Coin Dealers.
The number of the gold or silver coins minted is another factor which influences the coins values. Gold and silver challenge coin maker that have millions of copies usually have lesser value than coins that only have a couple hundred copies.
15. Know how eBay works and get cheap price. By default, eBay return items by best match. However, you can sort by price + postage. This can help you find out what are the cheapest ones. Be careful not just sort by price, which will lead you to some coins at lower price, but higher shipment fees. Also, you can check same items from international eBay sites. For example, you may find it cheaper from eBay UK than Australia. There are many tricks on eBay but we won’t go further in this way. Search and find tips and tricks on eBay.
Minted between 1854 and 1889, this coin was created so people could buy a sheet of 100 stamps, each stamp costing $0.03. On one side is the head of an Indian princess; on the other side is a wreath of corn, cotton, wheat and tobacco. Less than 10,000 of these coins were struck and of those, few remain today.