Tuesday, May 24, 2011

Starting to collect Silver Coins

There are a few different ways in which you can build a coin collection.

You can pick up a few pieces which are worthwhile to you that could be valued in the hundreds to those in the thousands.

While it is possible to buy coins which are valued in the few pounds catagory, it is possible also to purchase such coins as the 1804 silver dollar draped bust which was last sold at auction for over £6 million. The choice is yours but you will have to shop in the right places to get the coins that you want the most.

"Getting the coins that you want will depend less on the amount that you are willing to spend and more on the amount that you are willing to search for the coins that you want". 

The more you are willing to look for the coins that you want, the better your chances are that you will be able to find them at the prices that you are looking for. You can also get in good with the local coin shop. Another great way to get the pieces you are looking for is to get in touch with the other private collectors that you know.

Online Auction Sites
There are few online coin auction sites which will allow you to get the silver coins that you need in order to get the collection that you want. These sites are sites which are sponsored by such organizations as the British Numismatic Association (BNA) look for members on the site which are in good standing with the BNA as well as with the rest of the people who buy and sell on the site. This means you will have a good chance of getting the coins you want even though you did not get to see them in person.

Local Coin Shops
Shopping regularly at the local coin shops is a great way that you will be able to get the coins that you are looking for at a price you can afford. While you will most likely pay a little bit more for the silver coins you are looking for, you will be able to get the coins as soon as they come on the market. This is because store owners are in the business of making money. If they get a piece they know you will buy, they will call you to tell you about it.

Private Collectors
The most difficult source to buy from is a private collector. This is because they know what they have and they want to make some money when they sell the coin also. They will have a set price that they will not go beneath. This means you will likely pay more for the silver coins you want, but you will at least know where to find them.

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