Buying Selling or Collecting Gold and Silver Coins

May 6, 2012 - PRLog -- Buying selling or collecting old and silver coins can be one of the most exciting collectible hobbies for profit in the world.  Other than coins, what is a universal hobby that collectors and investors alike can buy sell and collect as a perfect pastime?

Knowing which coins to buy sell or collect is only part of this fascinating craft. You can convert the art of coin collecting into a profitable business just about at any point you decide. The unique part about coins are their ability to rise and fall in value.

Depending on the gold and silver coins in your collection, you can offer to trade them with other collectors or just hold on to them for a spike in value to sell them. Gold and silver coins are a universal item that people around the world are constantly watching and seeking that special coin to complete their coin collection.

Often times it is not the age of a coin that is the most important factor in determining its value. It could be and usually is its limited mint that will fetch a high dollar value.  Another value mark is the mint location. If a particular mint location only printed so many of a gold or silver coin, you will see a significant difference in its value.

In rare cases, a coin can have a flawed mint mark that can create a huge flurry of investors wanting to own those gold or silver coins to add to their collection and make the overall value of their collection extremely attractive for the total.

When considering buying, selling or colllecting gold and silver coins, they obviously have a precious mineral value as well and believe it or not there are times where when this may or may not have more of a value determining factor over its coin collecting price.

Since gold and silver are traded commodities this is a good reason to always watch the market price to see if you are holding particular coins that have a higher gold or silver content for that value alone. This is what makes coin collecting so intricate in watching the values rise and fall.

If you are looking to get started in a gold and silver coins collection you can visit local flea markets and see what is available, but a great way to buy gold and silver coins is through your local banks. Your local banks will have valuable coins pass through their hands more often than you might think.

The crazy part is they usually don’t have a teller that knows or cares about its collectible value and they have to swap you the coins for face value only. Bank institutions are prohibited from marking up the price of rare or old coins for sale.

Another great way to get into gold and silver coins, in a big way, is too use your metal detector and research some local historical properties that are sure to have valuable old coins buried just beneath the surface. There are still a treasure trove of gold and silver coins yet to be discovered.

For a bit of historical tidbits, the famous bank robber Jessie James was known to have buried gold coins along his bank robbing paths across the countryside in mason jars, to keep the coins clean and usable. His thinking was that if he were ever short on money he could retrieve his buried coins and always have money to spend. I guess this was his reverse banking logic.

To learn more about buying selling or collecting gold and silver coins : http://gold-and-silver-coins.net