Antique Coins Collecting for Fun & Profit

Photo: Pxhere

You only have to look at how busy the coins section is on eBay to know that coin collecting is an incredibly popular activity. It's one of the most popular hobbies around and one of the most profitable too.

Finding coins to collect is easy but finding ones that are actually valuable to collect is the challenge faced by most collectors. As a rule of thumb, the older the coins is the more collectible it becomes as often they are rarer than more modern coins.

The best place to find Antique coins includes auction houses, coin shows, coin fairs, and malls. But if you are more serious you should visit historical sites where antique coins are more likely to be found. You should bear in mind that the value of Antique coins depends on where it from as well as the age and historical background of its origin. Therefore buying at the historical location gives you a very good advantage over other collectors.

There are a few other pointers you might want to consider when buying an antique coin.

Firstly make sure the coin you wish to purchase is original. This goes without saying but there are many replicas and even counterfeit coins flooding the market, so close inspection to validate their authenticity is a must.

When you start off your coin collecting hobby, start slowly if you are on a low budget. Then as your portfolio of coins increases in value, you could re-sell some of it at a profit and buy more valuable ones. If you find a coin that you think is a valuable addition to your collection make sure that you find an appraiser that can determine the value so that you do not get ripped off. So don't try to value it yourself unless you are quite experienced, and seek the help of professionals when the circumstances dictate like when the coin is quite expensive.

You need to specialize when you start collecting Antique coins so choose one particular era or country to focus on. This will make it easier for you to become an expert. You must also take good care of the coins to ensure you preserve their appearance and thus their value. And be careful not to clean Antique coins to excess otherwise you might actually depreciate their value.

Coin collecting can really be a source of great fun and taking it up as a hobby is probably one of the best decision you can make. As long as you remain patient it will be a long-term hobby bringing you plenty of satisfaction for years to come as well as a very profitable investment.

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Can a Hobby of Collecting Turn Profitable?

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Each year in the United States, hundreds of thousands of Americans take steps to collect items that they have an interest in.  It is also important to mention that collecting is a hobby that is not only enjoyed by those in the United States but those all around the world!  Popular items collected include anime characters, sci-fi collectibles, stamps, and coins.  Although collecting is a hobby that many wish to enjoy, many are curious as to what the rearwards are for doing so.

What is nice about collecting, whether it be sci-fi or anime collectibles, is the options that you have.  For starters, it is important to focus on exactly why collectors collect.  Many collectors are considered pure hobbyists.  These are individuals who collect for the sole purpose of personal fulfillment.  For example, a hobbyist who collects movies, books, figures, and other items surrounding sci-fi, is likely a sci-fi buff.  This means that they have an interest in science fiction in general, whether it be films, movies, or a combination of both.

Despite the fact that a large number of collectors do so simply for the sake of enjoyment, there are many other collectors who choose to do so for the sole purpose of making a profit.  For example, a sci-fi collector who collects for a profit often spends a great deal of time researching hard to find sci-fi collectibles, as well as those that are valuable.  This is because these types of collectors are investors.  They are investing their money to purchase sci-fi collectibles, with the hopes of one day selling their collection for a profit.

As nice as it is to hear that there are collectors who collect for the sole purpose of making money, many beginners wonder if they really can make a profit.  Of course, it possible to make a profit with anime or sci-fi collectibles, or really anything for that matter.  With that in mind, it is often easier said than done.  As previously stated, many collectors, who are also known as investors, spend a great deal of time researching and examining collectibles in their particular field of interest.  This is the best approach to make money with collectibles, whether those collectibles be sci-fi, anime, coins, or stamps.

In addition to researching values and needs, collectors are also urged to familiarize themselves with proper care.  To make money on collectibles, including sci-fi collectibles and anime collectibles, all items should be in new or like-new conditions.  Anything else will decrease in value and possibly significantly.  For that reason, many professional collectors, especially those who collect anime or sci-fi, are encouraged to leave all items as is.  This means leaving all figurines or plush characters in the box.  The same can be said for movies, puzzles, and books.  If they must be taken out, a display case is often advised.

As touched on above, there are thousands of collectors in the United States and many of those collectors choose to collect different items.  Sci-fi and anime collectibles were given as examples multiple times above.  With that in mind, it is important to remember that you do have other options.  One of the best ways to develop a collection of valuable collectibles, which can later be sold for a profit, is to choose a topic, issue, or hobby that you enjoy.  For example, if you regularly find yourself tuning into the Sci-Fi channel to watch their science fiction movies or television shows, sci-fi collectibles may be best for you.

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