Are you into the buying, selling, or collection of Numis Network Gold and Silver coins? Truth is, even for those who engage in it merely as a hobby, coin collection is a most exciting and fulfilling activity. It is surely one of very few hobbies that pay you to participate in it!

But as with every other activity, dealing on gold or silver coins is not without mistakes. Indeed since the average person still sees coins (especially “ancient” ones) as mere objects of curiosity, fraudsters continue to play on people’s naivety and gullibility.

And it doesn’t matter whether you’re buying or selling, if you pay too much for a worthless coin, or charge too little for a rare one, they could become mistakes you’ll live to rue for the rest of your life.

As a treasure hunter, take the next few minutes to learn a few tips that could help you avoid costly mistakes in the buying or selling of coins.

Is It Really Rare? Most novice buyers of gold and silver coins are often deceived about the rarity level and hence the true value of certain coins. The facts are that most of these coins thrown around by some marketers are really commonplace stuffs that are neither rare now nor going to be rare anytime soon.

Unless you have a way to really tell the difference, the only way to avoid this costly mistake is to disregard all those calls inviting you to buy some “ancient” or “rare” coins. Experts are often in the best position to help you determine the true value of most coins.

But you can also begin to educate yourself by attending coin auctions and studying auction catalogs. Keep yourself abreast of happenings in the coin marketplace. And avail yourself of the services of major coin graders.

Are You A Collector Or An Investor? Either way, see your coin collection activity first as an investment. Therefore think about the investment potential of those coins you want to buy. Yes, there are many reasons for buying coins.

And yes, the pleasure of having a rich collection is important. But even as a collector, would you really buy coins whose value or significance you don’t like? So in as much as the beauty and historical significance of a coin can make them attractive, it is the value of the coin that’s most important. In the end, that is what will determine their resale potentials.

Don’t Buy Low-End Coins: The process of coin grading appears complicated for some. But it is one skill you should acquire if you really don’t want to be ripped off. This is because many dealers tend to sell low-end coins at what novice buyers would consider to be big discounts.

These dealers will explain away obvious imperfections noticeable on the coin surfaces. Meanwhile expert graders know that even the minutest scratch on a coin surface determines its place on the grading scale.

In fact, magnifying devices are often used to detect certain dents that may appear invisible to the naked eye! The bottom line is that you must know precisely the category into which the coin you’re buying belongs, and pay not a penny more than it’s worth.

Pay Attention To Storage: The beauty of gold and silver coins is that their value increases with time. But that is only if they’re properly stored. If they are subjected to considerable wear and tear and the devastating effects of the environment, their value will drop substantially.

For starters, do not store your coins in a moist environment, as this will start a chain of chemical reactions that may permanently damage your treasure. Ensure you totally degrease the coins before storage.

Avoid storing in PVC cases or wrapping with cardboard 2x2s. Considering that your gold and silver coins are a part of your investment, you should consider spending some money to provide quality storage for them.

If you adhere closely to these four tips, you’ll be able to buy, sell, and store your silver and gold coins without making costly mistakes along the way.

Buying Gold and Silver Coins right now could be the best decision you ever make during this economic meltdown. There is a huge economic storm that is coming to a breaking point, and people holding on to dollar related assets are going to suffer the loss of financial security. There is a lot of talk out there about a recovery in the economy. Let me just say one thing for sure. There is NO recovery! Just look around you and see the jobless rate.

Gold and Silver coins are what you need to be holding right now, because Gold and Silver are an important hedge against inflation. If you would like to learn more about collecting and buying Gold and Silver Coins CLICK HERE!

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