September 7, 2014, Important Things to Know BEFORE You Buy Rare Coins & Currency
September 7, 2014, Important Things to Know BEFORE You Buy Rare Coins & Currency
For over two thousand years, numismatics, or the study of coins, tokens, medals and paper money, has been a fascinating pursuit for many. In addition to providing hours of enjoyment and entertainment, coin and currency collecting offers unique educational experiences spanning a variety of subjects from history and geography to chemistry and economics.
While we here at SAFE focus on preserving your coins & currency with coin cases and currency albums that are archival, we believe that helping you become more educated in all of these topics to be mutually beneficial.
In recent years, another reason for involvement and interest in rare coins and currency has arisen: for an individual to make a profit on the sale of their specimens after holding them for some period of time, often several years or more. Some items have shown dramatic increases over the years, rewarding those knowledgeable individuals who have purchased wisely. However, if you are new to numismatics, there are a few things which you should understand and keep in mind when purchasing rare coins and currency for possible future appreciation.
PNG has recently published a brochure that discusses this and the following topics that we highly recommend to you:
- MAKE SURE NUMISMATICS IS RIGHT FOR YOU
- BE SURE OF WHAT YOU’RE BUYING, AND FROM WHOM YOU’RE BUYING IT
- WATCH OUT FOR “MODERN RARITIES”
- BEWARE OF BARGAINS
- LEARN ABOUT WHAT YOU’RE DOING
- SELECTING A REPUTABLE DEALER