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Questions About Purchasing Coins

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Author Previous TopicReplies: 19 / Views: 3,164Next Topic Page 2 of 2
Pillar of the Community
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United States
5953 Posts
 Posted 04/07/2010  1:40 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list
The coins quoted above are from the USA

For Canadian coins I would suggest maple leaf bullion coins as an easy start They will always have value based on there metal content. I would suggest you start the same way most collectors do by collecting coins from change until you have one of each date. Dansco make coin albums for both US and Canadian coins. I am sure some of the forum members from your neck of the woods will be along shortly with more sage advice.
Edited by nohope587
04/07/2010 1:42 pm
New Member
Canada
16 Posts
 Posted 04/07/2010  1:43 pm  Show Profile   Bookmark this reply Add Jennifer123 to your friends list
Thanks guys I appreciate the feedback so far. I do have alot of $1 silver coins and 50 cent pieces. I have yet to research them as to value or anything like that. So I have lots to keep me busy. I assume with coin collecting, there is always new things to learn.

The good thing about a forum and threads is the information/posts are always saved here. So if I forgot something you guys say, I can always open this up and re-read it.
New Member
Canada
16 Posts
 Posted 04/07/2010  1:50 pm  Show Profile   Bookmark this reply Add Jennifer123 to your friends list
Maybe if you guys want, I will take pictures of my coins and upload them here and you guys can have a look at them. Also, As I buy them I can share pictures with all of you. Just a thought..
Pillar of the Community
United States
1490 Posts
 Posted 04/07/2010  2:07 pm  Show Profile   Bookmark this reply Add JimR to your friends list
If you take the pics we will look at them and give you opinions. I can promise you that. We love pics!!
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United States
189654 Posts
 Posted 04/07/2010  3:03 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
to the Community!

You are in good hands here. And yes...

Questions-About-Purchasing-Coins
Pillar of the Community
United States
851 Posts
 Posted 04/07/2010  3:19 pm  Show Profile   Bookmark this reply Add coins92 to your friends list

I wouldn't suggest buying an investment on a credit card. If for some reason you can't pay it off, the investment won't turn out so good if you are still paying interest on it 5 years from then.
Pillar of the Community
United States
2335 Posts
 Posted 04/07/2010  3:30 pm  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list


Quote:
I do have alot of $1 silver coins and 50 cent pieces. I have yet to research them as to value or anything like that. So I have lots to keep me busy.


I would advise you to NOT buy any coins until you gain a little more knowledge. The best place to start is with the coins from your grandfather. Cataloging & researching those will give you a good knowledge base that will keep you from making a huge mistake when you do buy. I don't think anyone here can say they never made a coin buying mistake, getting the basics down can keep those mistakes to a minimum.
New Member
Canada
16 Posts
 Posted 04/07/2010  3:49 pm  Show Profile   Bookmark this reply Add Jennifer123 to your friends list
Well the only reason I would be using my credit card is it's the easiest thing to use online. Of course I would pay off the amount used, so it would not defeat the purpose. I brought up the way I would be purchasing because I would like to know which site is reliable/trusted enough so I feel comfortable using it online. I really don't want to go somewhere and risk my security. So I was kind of hoping you guys would be able to suggest sites that I could look into :)
Valued Member
United States
335 Posts
 Posted 04/07/2010  4:10 pm  Show Profile   Bookmark this reply Add AndrewC to your friends list
I don't have any advice, but I do have a little information: the "15 pyeash" coin you're talking about is really 15 rubles (pronounced "roobli" in Russian).

I had to edit this post because the Cyrillic letters I had used just came up as numbers, rendering the message incomprehensible.
Edited by AndrewC
04/07/2010 4:12 pm
Pillar of the Community
United States
2661 Posts
 Posted 04/07/2010  4:34 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list
When buying slabbed coins be careful there also. A friend of mine just starting out as a coin dealer got burned on a no edge lettering Washington dollar that was slabbed. The PCGS slab had been pried open and the real dollar replaced with a buffed one. Also there are plenty of common date fakes around. I was shown a cast fake of a 1922 Peace dollar a few weeks ago.
Valued Member
United States
407 Posts
 Posted 04/07/2010  4:39 pm  Show Profile   Bookmark this reply Add Whytlash to your friends list

Quote:
As for the U.S. bullion, the United States produces bullion (called eagles) in three metals:

1) A one-ounce silver coin (Silver Eagle) of 90% silver


Actually

"The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce size which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver."

This particular quote is taken from Wikipedia.

Steve
Pillar of the Community
United States
3499 Posts
 Posted 04/07/2010  4:39 pm  Show Profile   Bookmark this reply Add Archraz to your friends list
Jennifer123 - My advice is to not buy any coins just yet. I say that you should study your grandfather's coins, buy protective holders for them, and buy some price guides and books. "Buy the book first" is a very important quote that is thrown around this website quite often.

Based upon what you have said about the coins that you Grandfather has left you, you probably have some very interesting things already. Canadian Silver dollars are very popular with collectors. So you may already have a bit of a head start on the series if you choose to pursue it.
Pillar of the Community
United States
5837 Posts
 Posted 04/07/2010  5:00 pm  Show Profile   Bookmark this reply Add macmercury to your friends list
I agree with Archraz.
Knowledge = $$$ $aved.
This will serve your purpose in the long run.
Please post pics when available.
Valued Member
United States
172 Posts
 Posted 04/08/2010  03:08 am  Show Profile   Bookmark this reply Add hugemistake2003 to your friends list
Oof correct Whytlash. I knew that too but was thinking the normal pre-1965 silver coinage purity instead for some reason.
New Member
Canada
16 Posts
 Posted 04/08/2010  05:23 am  Show Profile   Bookmark this reply Add Jennifer123 to your friends list
Thanks Archraz, would you be able to direct me in the right area to purchase this book?

I will post the pics as soon as I can. I was hoping to do it yesterday but I haven't got my scanner back from a friend. So hopefully today I will!

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