My rare coins collections are high priority in my budgeting. I don’t drive a new car (under 20 years old) or have any of the latest techno-gimmicks (no cell phone or cable TV) so I can have coins in my life.
Most collectors I know do not take the time to read entire books on their favorite rare American coins, though I would recommend doing so. There are many great books on the subject.
For about $10-20, you can collect a coin from the more famous 1st and 2nd century emperors, and of many later ones in very nice condition. In fact, for $20 a coin, you can quite easily assemble a collection of more than half of the emperors (over 50) in very nice condition with clear portraits and readable legends.
When should I make an investment? In the stock market, the spot price is the base price for precious metals like gold. The coins ‘ values are a bit higher than this spot price. If you want to know the accurate value of your coins, you need to check daily the rise and fall of the gold spot price. When there is drop of price, it is the right time to make an investment. There are several types of gold coin you can freely choose to invest in. These include gold bullion coins, numismatic gold military challenge coins, American gold eagle coins and others. Other national gold bullions include the Canadian Maple Leafs, South African Kruggerands, Australian nuggets, Mexican 50 pesos and the Austrian 100 Coronas. Apart from all of these mentioned coins, there are several others to choose from.
I’ve learned that credit card debt is all the same. Expensive. You may earn points from the purchase, but that doesn’t come close to what you’ll pay in double digit interest.
11. Attend online communities and make friends there. You many have chances to exchange coins with other members. CCF (Coin Community Forum)and ACBO (Australian Coins and banknotes Online) are two of the famous forums of Australian coins.
But what about the silver coins? These coins can be earned through match making games. In match making games, you can play solo or invite your friends to join your team. Once you’re ready, the server itself will find matching players for you. Matched players will base on their match making rate (MMR) which may increase or decrease every time you win or lose a game. No matter if you win or lose in a match making game, you will earn between five to twenty coins.
You could end up losing the coin value of silver dollars or gold coin value to the interest on a credit card. Use a credit card only if you have to, and pay off the principle every month, if you do use one. Otherwise use a different way to purchase your coins.