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All coin collectors know not to clean their coins but almost everyone else thinks it will help the value of their coins when the opposite is true.
Cleaning coins – Two words of advice DO NOT!
Any coin collector, who has been in the hobby, for more than a few minutes has been given this sage advice.
All of my numismatic or coin collecting videos are for new and experienced coin collectors. This video is for everyone who has some old coins hidden away, received coins as an inheritance, or received some coins as a gift.
There may be a point in time where you want to sell your coins. Your first thought may be – Oh, they look dirty or tarnished so let me clean them up before I try to sell them. Wrong! Do not do this. The pictures I will be showing during this video are ways some clean their coins – Do not use any of them.
Coins are not your old silverware collection that may sell for more if they look pretty. Coins have two types of value – numismatic and the value of the metal inside the coin.
No matter what you do to a coin except for cutting it up and reducing its weight will affect the metal value of the coin. There is a simple formula a buyer will use to determine the metal value of the coin. It has to do with the weight of the silver or gold in the coin times the price of silver or gold at the time of the sale. The purchaser will pay you a little less than that value.
The numismatic value is where the true value is to a coin collector. All coins will be graded on a 70 point scale by coin dealers and collectors. They can see past the dirt and tarnish a coin may have. Cleaning a coin will greatly or totally reduce the coins value down to the metal value of the coin.
An old silver dollar from the 1880s may have a value between hundreds of dollars to tens of thousands of dollars based on the rarity and the grade of the coin. The minute you clean it, the value could drop all the way down to the metal value of $25 or so. You just threw or cleaned you way to a loss of hundreds or thousands of dollars.
Every coin dealer in the country can tell you many stories of people coming in to their shop and at first glance it appears they have a nice collection to sell. Sadly, at close inspection either with or without magnification it is obvious the coins had been cleaned. A possible $50,000 collection is now worth a few hundred dollars.
No matter what you use, soap and water, special cleaning solutions for silver and gold, dips, acetone, or chemical cleaning, most dealers and collectors will know very quickly if your coin has been cleaned. So please, do not clean your coins.
All coin collectors feel badly when they see what could have been a valuable coin reduced to a “hole filler” A coin we could normally not afford but will buy it at a very low price just to have the coin in our collection. Or a coin we will purchase simply as a way to buy a small amount of silver or gold.
Please share this video with everyone you know. Tweet it, facebook it, pin it, and email it. Most people have some old coins and it would be a shame to see them reduce the coin’s value which in turn hurts them greatly in their pocketbook while ruining a coin that could be cherished by a coin collector.
Thanks for watching and please subscribe to my youtube channel. Please share this video so more people can learn that they should not clean their old coins.
How to Sell Numismatic Gold Coins, Coin Collecting Video Series: Cleaning Valuable Coins – Don't Do IT – Numismatics with Kenny.
Keeping Our Wealth In Gold
But gold stood the test of time and proved very dependable. Before going or purchasing gold bullion online, you must have a list of respectable gold dealerships online. Every transaction comes with regulations and guidelines.
Coin Collecting Video Series: Cleaning Valuable Coins – Don't Do IT – Numismatics with Kenny, Enjoy most searched complete videos about How to Sell Numismatic Gold Coins.
Now Is The Time To Discover How To Purchase Gold
You will never use them again so why not offer them for some real revenue. Gold ETF, the experts inform us, is of the most safe and secure and trusted possessions to invest in today.
Every year it seems the price of gold is constantly increasing. Whilst this may not be good news for those wanting to buy this compound – it is fantastic news for millions of investors all around the world. If you are looking for methods to capitalize this niche, but don’t have any gold of your own, why not consider buying a gold investment turnkey site. A website on this topic can provide you with an excellent way earn some money from the convenience of your own home. Read on to find more advantages of buying among these sort of websites.
Investment in gold is performed in two kinds; Gold ETF and Gold Bullion. Depending upon the ease and security, you can select any of them. Numerous advisers advise investing 5% of portfolios in gold as a hedge versus recession.
Long term investment or not, your responsibility is to own a real gold from the gold market. The only way for you to have authentic gold is to buy them from respectable gold dealerships. Keep an eye out for companies that you believe are respectable since some of these are not. Given that you are buying gold for Individual Retirement Account, you must visit the site of the company your think is respectable and go to their forum. You will be able to figure out if it is respectable through the feedback of the customers and clients they had. If the gold they are offering is 99.9 percent pure, this is a great source of details.
There are many various methods of buying gold. There are exchange traded funds (ETFS), mutual funds, Gold Mining Stocks and the futures commodity market. In addition, you can buy physical gold. Physical gold, or gold bullion, itself can be found in many various sort of coins and bars. Another opportunity for obtaining gold, is the rare coin market. These rare and uncommon coins have worth over and above the quantity of rare-earth element they contain. All these may have a part to play in your portfolio.
The particular benchmark of this plan is the domestic price of the gold in the Indian market. This particular plan was released right in 2010 and the clients can now subscribe to this plan.
Despite what many experts declare, nobody can forecast future price movements of any commodity or stock, so in this article I desire to lay out some standards that will increase your chances of your Gold Investment being rewarding.
You don’t need to stress over its conversion. Gold can be used for so many things. It can be offered according to how you desire it. And, an Individual Retirement Account rollover would be possible with a gold Individual Retirement Account. In other words, you can believe that your future is going to be whatever that you have ever envisioned. And, harvesting the advantages that come from buying gold is not going to be tough.
After going through the suggestions above, I believe you have the ability to grab better details about gold bar and you can begin your investment with more confidence. Seriously speaking, in the viewpoint of many economists, gold is thought about a consistent and slow investment. You can in fact make a great revenue in the long run. Here is one essential suggestion. You must make sure that you invest according to your ability. Never ever get personal loan to invest in gold. It is not worthwhile for you to do so.
Another great option is to purchase ETF’s Exchange Traded Funds in gold. That seems to be the thought process we as a society welcome now. This is a great alternative for a person that is afraid of taking risks.
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