Selling coins is somewhat different from selling gold, silver, diamonds, jewelries and the like. Although it is one way of getting cash, it can be harder to get your hands on the money. For one thing, not everyone seems to have what it takes to make it in the coin market. If you stumbled upon a rare coin, do not expect to get as much value as, say, when you stumbled upon a pebble sized gold. Some people think that if they have one piece of antique coin, they can get rich right away.
In looking at rare gold coin values, I haven’t seen much immediate effect on that market suddenly plunging. The rare coinmarketcap is independent of the bullion market. Its drivers are collectors interested more in the rarity and condition than the gold content of the coin.
You don’t need to be interested in gold or silver, but it can help. In fact, you don’t need to be a coin collector. What’s important is that you are prepared to work hard and put in the time and effort. If you can put in the time and effort then you will reap the rewards by selling precious coins.
How can the investor think more like a collector? Study coins in general to learn what appeals to you. Find a reputable dealer that you can trust and build a relationship with them. Become a niche specialist. I like silver and gold coins from America and around the world.
Gold was topping out and the signs were very evident to the experienced trader/investor. First, the contrarian alerts were sounding a warning signal “loud and clear” to abandon the tired bull and head, with your cash for the side lines or as we did, sold out all positions in the hard asset, numismatic coins included and moved to a cash and began taking positions in “put” options on the and in the following XAU, GLD, ABX, NEM, gold stocks and indices. The result was a nice score, a handsome reward for moving at the right time, and this right time is not as elusive as the “pros”, the “experts” and or “guru’s” would have you believe.
Raw coins from dealers and flea markets can and do yield some great finds. You can look through junk boxes and lots of raw coins and find a few good deals. This takes knowledge and that is why I am writing you. I want you to know all you can before you buy the coin.
The Morgan D Dollars were produced with five mints. Philadelphia, which had no mark on it, Carson City Nevada which has “CC” mark on it, New Orleans has an “O” mark, Denver has “D” mark and San Francisco that has an “S” mark on it. The mint mark is on the back of the coin just below the wreath. The value that you will receive for your coin will vary and depend upon the condition and mint (if there is one) of your dollar.
Forex can give you a life changing income if you work smart, avoid the mistakes above, get a simple currency trading system and apply it with discipline and you will soon be enjoying currency trading success.