Tips For Making Money Coin Collecting

There are many types of coin collectors, but a lot of people enjoy making money from their coin purchases.  There is money to be made from your coin collection, but there is a lot of stuff you need to know before you start buying rare coins.  I hope that these tips for making money coin collecting help novice and experienced coin collectors.

With the price of gold at historic highs, collecting valuable coins can be expensive and risky.  If you collect gold or silver coins, part of the price of the coins will be the value of the precious metal itself.  The second and third factors are the supply and demand for the coin.  How rare is the coin?  How many coin buyers want to buy the coin?

But, because the price of gold is so high, this adds risk to buy coins.  If the price of gold drops, your gold coins will drop in value too.

While this list is not meant to be a complete guide to investing in coins, I think that these tips are essential to know before you start buying and selling coins.

1.  Everyone is overgrading coins these days.  There is a trend within the industry to grade coins very high.  There are more MS 69 and MS 70 slabbed coins than I can remember.  If coin graders become more picky, your MS 70 coins may drop in value quickly.

2.  The coin market right now is getting infiltrated with counterfeit coins.  Chinese coin producers are selling fake US coins into the US coin market.  You have to be careful that you don’t purchase fake US coins.

3. You have to be able to determine that coins you are thinking about buying are not dipped or artificially toned.  If a coin looks too good to be true, it probably is.

4.  When investing in coins, you will be buying and holding coins for some time as wait for them appreciate in value or wait to find a buyer.  Given this you need to make sure that you store your coins in a way to ensure that the quality of the coins does not deteriorate over time.

These are just a few tips for making money coin collecting.  I hope that they help you to make money buying and selling coins.

2009 Proof Platinum Eagle

The 2009 Proof Platinum Eagle coin has a mintage limit of 8,000.  This week the United States Mint announced that 7,207 proof platinum eagles have been sold in 2009.  That means that the 2009 Proof Platinum Eagle might sell out.

Listed below are all of the platinum eagle proof coins for sale right now on ebay.  If you are looking to collect all of the US platinum coins, this is a great way to find deals on these coins.  The platinum American eagle coins listed below are all up to date items for sale on ebay right now.

Hot Coins to Buy for Christmas 2009

The hot coins to buy for Christmas 2009 depend on how you look at coins and coin collecting. If you just had a child and would like to commemorate their first family Christmas with a coin that will last thru the ages, there is a 2009 baby’s first Christmas Teddy bear. This is a silver coin that is struck with a cute cuddly teddy bear in the sitting position while holding a candy cane. It is made with one ounce pure silver from Mount Vernon Coin and is only $23.88.

If you are looking to add to your collection with a rare coin because the U.S. Mint made a mistake, then the 2008-W Silver Eagle might be a good choice for you. During the minting process, the wrong stamp was used. The 2007 reverse side was in place when this coin was struck and a small number of them were distributed before the mistake was noticed. The price of this rare and unusual coin is $488.00, also available from Mount Vernon Coin.

From the U.S. Mint, there are several end of the year coins just now going into production. The American Buffalo Gold Proof 24 K coin became available on 10/29/09 and can now be purchased for the price of over $1000. With the price of gold still going up, the value of this coin will still increase on a daily basis.

Another coin that is hot off the presses is the 2009 American Eagle One ounce Platinum Proof coin that went on sale 12/03/09.

These are the hot coins to buy for Christmas 2009 for those that love this unique art form.

1 Oz Gold Coins

Man, gold coins are so hot right now.  I was recently searching ebay and noticed how active the 1 oz gold coins market is.

Because of this, I decided to create a tool to help people find the best 1 oz gold coins for sale on ebay.  Listed below are some of the best deals on 1 oz gold coins for sale on ebay right now.  This list is constantly updated with the most up to date listings.  If you click on one of the listings below, you will be taken to that particular ebay listing.  I hope you enjoy these 1 oz gold coins.

Wheat Penny

Finding a wheat penny in your piggy bank is one of the most common ways kids get into coin collecting.  Below is a list of the best wheat pennies for sale right now on Ebay.  I hope that this list makes it extremely easy for you to find some great bargains.

Flying Eagle Cent

The Flying Eagle Cent is one of my favorite coins.  I have created a great resource for Flying Eagle Cent collectors.  The listings below show the best Flying Eagle Cent for sale on Ebay.  This list is automatically updated so it is always up to date.

Indian Head Cent

Indian Head Cents are some of the most popular coins on the market.  I have created a great resource for Indian Head cent collectors.  The listings below show the best Indian Head Cents for sale on Ebay.  This list is automatically updated so it is always up to date.

Barber Half Dollar Coins

Barber Half Dollar coins are one of the most popular coins to collect.  I have created a great resource for Barber half dollar coin collectors.  The listings below show the best barber half dollar coins for sale on Ebay.  This list is automatically updated so it is always up to date.

US Gold Eagles 2009

If you haven’t heard the news already, the U.S. Mint announced earlier this year that they would be curtailing their overall production of US Gold Eagles in 2009 due to problem sourcing gold to mint them from.  The Mint is required to source it’s gold from American mines and because of the huge worldwide demand for gold bullion, was unable to acquire enough to meet projected needs for this year’s Gold Eagle Rounds minting.

This has two impacts on the collectible market: first, it somewhat raises the price of all other gold coins on the market as demand increases; second, it makes the 2009 US Gold Eagles an immediately collectible item because of their relative rarity.

Up to this point in 2009, US Gold Eagles have only been produced and offered in full ounce coins, very rare for the Mint to do.  They’ve been offered on a rotational basis, making them somewhat more difficult to source directly from coin dealers.  The added interest in them has meant that many shops sell out the day they receive their shipment.

Fractional coins (1/4, 1/2 ounce, etc.) will be available for a very limited time in December.  Those promise to be very hard to get and in demand as well, becoming instantly collectible.

Gold Eagle Rounds have always been popular as an investment medium for bullion purchasers who don’t buy full or sized bars.  This year, however, 2009 US Gold Eagles are instead collector’s items in themselves.  Bullion purchasers have turned to other coins, such as the Canadian Maple Leaf, instead.

Definitely interesting times, but the traditional Walking Liberty motif of the Gold Eagle Rounds is always popular and even more so now with this latest development.

2009 Proof Platinum Eagle Coins

Once again the government has disappointed the masses with a promise and then a cancellation. The latest involves the 2009 Proof Platinum Eagle Coins and bullion coins. Just like the Gold Buffalo coin, this one was cancelled because of the lack of the needed precious metal.

Earlier in the month of October, the US mint did partially change their mind and have announced a limited and scaled down production of the proof platinum eagle coin for this year. Only the 1 ounce coin will be produced.

The unique thing about this US coin was that each year the reverse side changes in design. The design for this year is to have the theme of “To form a more perfect Union”. This design will have a small tree with 13 leaves on it that represent the thirteen original colonies if it has been decided or finalized yet. Yes again the government cannot make up their mind. Surprise, surprise, surprise.

On the US mints home page and throughout the site there is no mention of this discontinuation of the complete proof set or anything about the changes except for one press release on October 6, 2009. In that statement they claim the release date for the 2009 proof platinum eagle one ounce coin will be December 3, 2009. This statement also claims to have been working on obtaining enough blanks to fill next year’s orders. Too bad they forgot to do it this year.

The 2009 buffalo US gold coins now have a release date of October 29. I wonder if they will actually do it.