3 Tips To Help You Start Coin Collecting With Modern Coins

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boosting home value during an appraisal

Five years ago, my husband and I flipped our first house. That project was one of the biggest learning experiences of my life. We had to find our way through a complicated project without losing the money that we had invested. One thing that we learned about was getting appraisals done on properties. Unfortunately, we had to learn this lesson the hard way. We didn't have an appraisal done before we started the renovation and when we finished, the value of the home didn't increase enough to give us the profit we wanted. Since then, we learned what projects will boost the value during an appraisal and what won't.

3 Tips To Help You Start Coin Collecting With Modern Coins

12 February 2016
 Categories: , Blog

If you would like to start collecting coins, there are some things that you may want to know first, such as the different metal percentages in coinage.  You may also want to start your collection the easy way, by buying coins that have been minted in recent years. There are many modern coins that can be a good start to your collection. Here are some tips to help you get started building your coin collection with modern coins:

1. Buying Bullion Collectors Coins In Fractions Of An Ounce

Bullion coins can be a great investment, as well as an interesting addition to your collection. If you buy them in ounce denominations, they can also be very expensive. To start off, you may want to buy coins at a more affordable price. You can buy silver a lot cheaper than gold, as well as buy coins that are a fraction of an ounce to start building your modern coin collection.

2. Keeping An Eye On Spare Change For Rare And Silver Coins

There may also valuable modern coins in your spare change. Many of the quarters you may get can have defects that make them valuable additions to your collection. There are also coins that were minted before 1960 that may be pure silver. It is a good idea to go through your spare change to look for coins that can be a valuable addition to your coin collection.

3. Get Special Collectors And Proof Sets To Add To Your Modern Coin Collection

There are also coins that are minted in a limited number every year. These can be a great addition to your collection and even come with display cases. You can also get proof sets of uncirculated coins, which are more likely to have errors that make them more valuable. Some of the coins are even available in silver, if you want to add more precious metals to your coin collection.  Some mints even have special deals for coin collectors, so you can get special discounts on coins and other items. Another option is to buy uncirculated coins in bulk, which can be good for some of the more popular coins.

These are some tips to help you get started with you coin collection buying modern coinage. If you are looking to buy or sell coins to continue growing your collection, contact a coin dealer to see how they can help you.