Monday, June 23, 2014

Best coin to collect and earning a decent profit when you sell it

       Some Filipino coin collectors find it hard to earn a decent living selling their coins. The reason maybe is they lack the knowledge of what is the best coin to collect and eventually sell it. When I started collecting and selling coins, I focused on an area where most Filipinos do not. I started reading on American coins. I bought some reading materials on the price guide of American coins. I searched in the internet on how to grade American coins. American coins have a large following. It has an enormously huge market. Some Filipino readers would probably think that I am not a "nationalistic collector" because I focused more on American coins. America is part of Philippine history. We are colonized for half a century by the Americans. We used coins minted in the United States.
      In this post, I would like to share with you the price guide on American coins. This price guide is very outdated but I have used it as a guide to buy the coins. This is the link of the price guide,   http://web.stanford.edu/~clint/p/ .  You can also search the web on how Americans grade their coins. Unlike with the Spanish-Philippines coins,  Americans coins are graded accordingly. There is a detailed and published guide on how to grade American coins. You can search over the web the visual tips and information on identifying  a grade of a certain American coin.
     I have also noticed that there are a very few Filipino collectors who have less affinity with American coins. And if you focus now on collecting American circulated coins, chances are you can buy the coins at a price even lesser in the price guide that I have provided you with.
   One best way to sell your collectible American coins is to have them auctioned in the international site of www.ebay.com  Ebay has million of users. There are many buyers of coins, watches, jewelries and other collectible stuffs in Ebay. Inorder for you to earn in ebay, list only coins of higher grades not lesser than XF grades unless the coin is highly collectible even in a low or G4 (good) condition.
   I hope this post will help newbie Filipino Coin collectors who are still in quandary on what coins to buy and eventually earn a decent profit when the right time comes to sell them. And when the profit comes, use it to  pay your existing loan with with a bank/someone (if you have ) or your credit card bills.
   Goodluck!
 







No comments:

Post a Comment