March 4th, 2009 by Christopher Sewell

Collecting information from reliable sources is a key element to succeeding in the coin business. The famous rare coin dealer Paul Hollis is one such source. The first key of course is to look for true uniqueness in the coins. Remember just because you haven’t seen the coin before doesn’t actually make it unique. Have a strategy, a plan of action, and stay with it for coin shows.

You should act as if you are in charge. If you show that you really desire a certain coin, some dealers will raise the price on you. You have to go to these venues wearing your best poker face, as they say. Like other hobbies you might want to make into profits networking is the key to success. The minute you make it to one convention make sure you socialize with people to find out when the next big convention is, get your name out there.

The Sarasota Rare Coin Gallery and the Baltimore Coin & Currency Convention are among the best-known regional coin conventions. Baltimore’s Convention attracts a lot of people to attend, based on the majority of standards. Among the fundamental things to check for as you attempt to discover the rarity of a coin is an apparent double image. This usually means that someone goofed up at the mint when they were printing the coins. If there seems to be some sort of misprint or misspelling of the words on the coin.

Some basic things to look for when trying to find out if a coin is indeed rare is the viewable quality of a double image. This usually means that someone goofed up at the mint when they were printing the coins. There may be an error in spelling or printing on the coin. If there is not enough space between the words on the coin that is a unique characteristic that you should take note of. A double printed coin is something to keep on eye out for. Since the coin is truncated, it is a rare commodity.

Sometimes people who are trying to find rare money, like early United States coins, come around. It is possible to find coins from ancient Greece and the Byzantine empire, but you will most likely need to be acquainted with some experienced and well-connected dealers. If the coin convention you choose to attend is not free, there may be a small cover charge. If you are truly passionate about coins you should have loads of fun.

coin collecting, hobbies, Investments