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Coin and Paper Money Collecting/Starting a coin collection
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Question
I am 43 and my son is 14 and we have puttered with a few coins here and there but have no clue what we are doing. It seems very confusing and books seem complicated.We are looking to collect as an investment and would appreciate some info on how to really start. It is fun but I can't help wondering if we are getting a good deal or paying too much. Also is it good to just purchase coins from the mint My ex started that with silver dollars I believe, for the kids but never kept it up. We appreciate your input. Thanks so much
Hi Kim,
The first thing I will say is that in this economy, collectibles are coming down in value. Many people are selling just to get by.
That said, I would collect American god eagle coins. They come in 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz.
The smaller ones are quite affordable and are readily available.
Since we expect gold to continue to rise, I think that is your best route for the future.
Regards
Joe Hylas
www.AllCoins.US
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Answers by Expert:
Joe Hylas
Expertise
Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.
Experience
Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US
Organizations
PCGS, NGC, Rotary
Publications
Physician's Money Digest
Education/Credentials
Bachelor's Degree in Business Administration
Awards and Honors
Paul Harris Fellow
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