Posted by on Mar 18, 2015 in Blog, Finance & Money | 0 comments

Are you a history enthusiast? Do you wish that you had a time machine so that you could visit important historical events? While you may never have your own time machine, you can certainly pretend by purchasing ancient coins for sale. Here are some tips on how to set up your collection:

Pick an era and country: There are thousands of ancient coins for sale, in hundreds and hundreds of designs. Although it may be tempting to try to purchase as much as you can, you should try to avoid giving in to that temptation. By focusing on just one or two eras, you can be better educated on exactly what you’re buying.

For example, if you normally purchase ancient Roman coins, you may have a hard time telling if an ancient Greek coin is worth the sale price. By focusing on a particular era and country, you’ll better be able to spot fakes. For example, if you know that a particular coin was only minted in gold or silver, you won’t be taken in by a coin that is made of copper or bronze. 

Decide on quality: If you want to imagine that you’re a Roman centurion who is buying bread at the market, you probably won’t care if your coins are in mint condition. By purchasing coins that show signs of everyday wear, you’ll be able to stay within a low budget and possibly be able to purchase more coins for your collection. On the other hand, if you are buying ancient coins for sale in the hope that their value will go up, you’ll probably want to focus on a higher grade of coin. 

Have storage set aside: Some people who buy ancient coins for sale may simply put them in a shoebox or a jewelry box. If you do this, your coin collection could end up being accidentally spent by an unsuspecting relative. Although not legal tender, some ancient coins may be of similar size and weight to modern coins, allowing them to pass unnoticed in a handful of other change.

If your coins are of high quality, you should consider keeping your coin collection in a bank safe deposit box. If your collection is just for fun, you can keep your coins at home in a coin collecting book. Make sure to carefully label your collection and to keep it out of the hands of young children.

To learn more, contact a company like Harlan J. Berk, LTD with any questions you have.