The Successful Coin CollectorWritten by Jon Gammon
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•Another asset in coin collecting is learning to grade your coins. Knowing how to grade coins will not only help you purchase your coins more accurately, but it will help you to identify with your coins to know their true grade and getting a better understanding of what your coins are worth. Lots of money is spent on purchasing coins without knowledge of knowing what true grade of coin is. The coin collector assumes person or dealer that he is buying coin from is knowledgeable himself and trust him. This is not a very trusting practice, and in end it could result in your spending lots of money on your coin collection. •In hobby of coin collecting, you will learn patience. Coin collections are built over many years, and beginner collectors will most often rush into collecting coins, with out learning hobby first. This is a long term hobby, and some of best and successful coin collectors are collectors having 10+ years under them. If you are planning on collecting coins for profit. It is advisable to buy your coins with intention that you are going to keep them for at least 10 years. This will insure that you will get a reasonable return on your coins. •Having long and short term goals is key to being successful in anything that you do. Well this holds true with coin collecting. Make sure you know what, where, how, and when, when it comes to coin collecting. Knowing your goals will help you become a successful coin collector and make your hobby more enjoyable.
Jon Gammon is the author and webmaster at The Coin Alley Visit the site for more information on the wonderful Hobby of Kings.
| | Why Collect Coins?Written by Jon Gammon
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Building a coin collection, is a long process. It doesn't happen over night, it doesn't happen in a week, and unless you are filthy rich, it won't happen in a year. Collecting takes time, effort, and persistence, and fact of matter is, there are so many different types of coins to collect that it takes time to study and learn about each of prospects. The United States have produced many different varieties of coins from penny to gold dollar. They have produced commemorative coins celebrating a historic event or an anniversary. What ever you chose to collect I am sure that with a little effort on your part, that your collection will be something that you can pass on to your children, or build a small nest egg for your retirement, or whatever you choose to start coin collecting for. Learning coin collecting basics is a healthy start to building a wonderful coin collection.
Jon Gammon is the author and webmaster at http://www.thecoinalley.com Visit the site to view other related information on the wonder Hobby of Kings.
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