When you begin pricing coins make sure you know if you are getting wholesale or retail prices. The retail prices would be prices you would expect to pay for the coins you want to purchase. Wholesale prices are what a dealer or individual would pay you for your coins. They generally pay out the average wholesale prices to sellers because this allows them to make a profit when selling the coins.
Using a calendar to record your progress is also a very easy way to keep yourself on track. Let’s pretend that your goal is to walk at least one mile everyday. On your calendar you can place an “x”, sticker, or make a notation on the days you walk at least one mile. In no time at all you will see how consistent you have challenge coins custom been in your goal work.
For gold coins, you may want to look for the Austrian Philharmonic. This is a series of gold coins that became quite in demand throughout the world from 1992 to 1995. Each coin has 99.99% pure gold content. This was created to give tribute to the Vienna Philharmonic Orchestra. This sells at around $1300.
Choose your location wisely. Corners are great since many people will pass from all directions, but not at a corner with a bus stop. Busses are very noisy and block the view for potential listeners across the street. Parks, plazas and tourist traps are also excellent, though you may face competition from other buskers. Despite all the musicians you see in front of the liquor store, it’s a bad place to play. Half the clientele is drunk or needs the cash to get drunk and it’s just not a safe place for someone with an expensive instrument to be hanging out.
Aside from the obvious monetary value of old coins, many people like to collect them as a form of hobby. Coins are remarkably sturdy as evidenced by many of them surviving centuries in near mint condition. This makes them very useful for tracking history records and for historians to study how trade and commerce flourished in ancient times. Markings can show the time it was made and the metal used can be indicative of the location where the coin was manufactured. Selling coins can go beyond money.
If it’s possible, check the date and the mint mark on the coin design. Make certain the coin is not a collector coin, but rather a common coin worth face value. If the coin is gold and/or silver coins they have the value of that metal price at the time. To determine whether your coin is a key-date piece, i.e. highly valuable, or not, there are numerous sites to help you in your search. Just Google it.
When members of the armed forces finish their basic training, they receive a challenge coin. These coins are a basic challenge coin and have no extras added to them. Many of the coins will have the rank of the person it is being given to as well as the squadron and the branch of the service of which they are a member. Often a motto will be put on the coin.
Which are better bargains, graded coins or raw? I suppose in the end, it depends on the circumstances, the amount of money at risk, the buyer’s ability to accurately judge the merits of the rare American coin in question, and even the seller’s experience in knowing what they’re selling.