What coins should I buy?

Coin collection has a very broad coverage. Coins are made diversely and uniquely, forged with the influence of time, culture, and economic progress. Because of this, each collector has a wide variety of coin categories to choose from. A collector could specialize in coins by category of era, civilization, material, money value, theme or design, and many other categories. So, if one starts a collection of coins it is best to determine which category you will focus on, although there are some who collect all coins they like regardless of category.

Every coin collector wants to keep an eye out for good coins. Good coins have higher values than deformed or damaged ones. Because every one aims for their coins to be at the best shape, it is important to keep in mind the traits of good coins. What kind of coins should you buy?

1. Authentic

If you are going for silver or gold coins, the material matters most. Make sure your coins are authentic and not some fake coin. There are many ways to determine whether they are real or not. For example, silver can easily be tested with the use of neodymium magnets. Hover the magnet above the silver. If it's fake, it will stick.

2. No tarnish and minimal to no scratches

The best coins are at their best shape. No toned parts, no scratches. Coin collectors who have the eye for rare collectibles are very keen at inspecting the coin. Any scratch or tarnishing will greatly depreciate the coin's value.

3. Rare

Of course this isn't ideal for beginners. Rare coins are low in supply, as the name suggests. Because it is in low supply, the value of these coins increase overtime. The fewer they get, the more likely they become collector coins, and the coin value will skyrocket.

4. Graded Coins

The two most popular coin grading companies are PCGS and NGC. Their grading of coins is considered a reliable standard for determining the value of your coins.

Now that you have a few tips on what to check on your coins, you may go on a coin hunt to add a new batch to your collection. Remember though, that the best and the most serious coin collectors have one thing in common: a trusted coin partner or numismatic dealer.

Colonial Acres has been a trusted coin dealer company for more than twenty years, and the core of the business was founded on trust. If you want to get serious with your coin collection too, Colonial Acres should be one of the places you should check out.