How to Buy Antique Coins
Antique coins are precious in terms of both monetary value and personal pride in owning a rare and unique artifact. Shopping for antique coins however is a complex process that requires knowledge and restraint on the part of the buyer to end up with a real prize instead of a huge disappointment.
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Instructions
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Make your own definition of "antique." Depending on the dealer, the location and how extensive the collection, one person's idea of "antique" is very different to another. Ensure that everyone is on the same page by having a specific date criteria to define what you consider antique.
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2
Verify the authenticity of the coin. Unfortunately, the market is flooded with counterfeit versions of rare and antique coins so make sure you aren't being duped. Consider the condition of the coin, availability, price and dealer reputation to make an informed decision.
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3
Negotiate with the seller on the price of the coin. Antique coins can be value estimated but there is always a window of negotiation so there is no such thing as a price tag. Private dealers and collectors will normally be willing to negotiate with you to make a sale, so never be afraid to ask.
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Shop armed with knowledge such as a coin grading or antique guide. Make sure that the information you have is as up to date as possible to reflect current trends and inflation. Use the guide to reference the prices and condition of the coins to determine if you are getting a good deal.
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5
Spend more on uncirculated and mint coins rather than less on coins in bad condition. The value of antique coins is determined by many different factors but primarily surface preservation. Invest in coins in good condition and these will appreciate much better than something very worn.
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