Coin and Paper Money Collecting/removing coins

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Question
Hi
I am a reborn collector having stopped when I was a paperboy and saved a lot of great coins only to trade em off for chips and soda to the local grocer who was only to happy to see me at end of the week and now that I am at the retirement age I'm back at it and after some learning curve on ebay and shy of a money I lost thinking I was getting deals etc I'm not sure if I will continue or not ;}

I was wondering if there is any value in removing coins I purchased as mint sets and having them graded to increase value or is this something I should not consider ? Any advise on where I should be shopping for coins?

Thks

Answer
Hi Barry,

Generally speaking, you've got to have an eye for picking coins to be submitted for grading.  They prettymuch must be perfect, mark-free, strongly struck specimens, or you're just wasting your time and money.  If you do submit any for grading, it seems like the only ones that have significant value are those certified by PCGS -- followed distantly by NGC -- and forget wasting your money on any other grading service.

PCGS puts out a retail price guide for their certified coins here :
http://www.pcgs.com/prices/

Do some comparison to actual prices that things sell for on eBay -- it could be surprising.

You may find something in your coins worth submitting, but you have to be extremely selective.

As for where to shop for coins, you really need to attend some coin shows.  That's where you'll get a real feel for the coin business.  A big show, with dozens (or hundreds) of dealers will give you a wealth if education.  And the competition between dealers will allow you to shop around for the best prices.  Observation will show you what stuff is selling and what stuff is not, so you can learn what direction you may want to go towards in your collecting/investing/buying/selling endeavors.

I don't know where to tell you to find a coin show in New Brunswick -- you may have to travel to the U.S. for a good show.  Coin World lists U.S. coin shows on their website here :
http://www.coinworld.com/events/

I hope this helps,

Dan

Coin and Paper Money Collecting

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Dan Moore

Expertise

My strong familiarity with all U.S. Mint coins, extensive reference library, and close relationships with many other dealers allows me to identify just about any coin made in the USA. I receive regular updates to all the current price guides -- both wholesale & retail -- to provide accurate values. So, with a good description or pictures, I should be able to identify and value any U.S. coin you have.

Experience

I've been a coin dealer since the 1980's and a coin collector since the 1960's. I specialize in U.S. Silver Coins and have an active online website -- The Working Man's Rare Coins -- http://www.workingmancoins.com -- offering information and inventory in U.S. coins.

Organizations I belong to :
American Numismatic Association Member #187770
Michigan State Numismatic Society Member #8255
Florida United Numismatics Member #19710
Monroe Coin Club Treasurer
Lincoln Coin Club Board Member
WINS Member #14
CoinMasters Member #1814

Frequently Asked Questions :
I have created a Frequently Asked Questions page on my website, where you may be able to get an immediate answer to your question. You can find the page here :
http://www.workingmancoins.com/FAQ/index.htm



Education/Credentials
BBA from Adrian College

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