Collecting coins is a fun and interesting hobby, but unlike other pastimes coin collecting can bring you a tremendous amount of wealth. Whether you choose to collect rare coins, uncirculated gold or silver bullion coins, or a combination of the two, a well-planned coin collection is one of the best investment portfolios you can build for yourself. To help you make wise decisions as you get more comfortable with precious metal investments, here are a few insider tips ever new coin collector should know.
Define Your Intentions
Are you collecting coins because you have an interest in history or because you want to diversify your investment portfolio and hedge traditional investments such as stocks and real estate against sudden market fluctuations? Defining your intention for collecting coins will help you purchase the right coins that ultimately propel you towards your goal.
Buy from a Trusted Source
There are a lot of different places you can buy coins from. Unfortunately, there are those out there who look to exploit new collectors like yourself by overcharging or even selling counterfeit coins. To protect yourself, only buy from a well-established and respectable dealer that can prove years of serving satisfied customers. Look for dealers who are members of professional groups such as the American Numismatic Association or Professional Numismatists Guild for peace of mind that you are buying coins from a reputable source.
Protect Your Collection
The value of your collection can take a big hit due to improper storage, so take time to educate yourself on the best ways to store and protect your coins. Depending on the volume you are purchasing and the reason for your collection, you might consider independent precious metal storage at a facility like the CNT Depository.
New and experienced coin collectors alike will enjoy the huge selection of gold and silver coins like the South African Silver Kruggerand offered by California Numismatic Investments. We are an authorized PCGS and NGC Dealer and Submission Center, and our professional memberships include the California Coin and Bullion Merchants Association and the Professional Numismatics Guild. Browse our gold and silver coins for sale on our website, or call us toll-free at (800) 225-7531 to speak with one of our coin experts.