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Having a great coin collection is something many people aspire to have. The objective for many is to have a collection of a certain kind of coin or a certain region of the world. Others will simply want to have the most valuable coins which are available around the world. For those just getting started, it is not always easy to swallow some of the rare coin prices which are available. This is because the majority of people do not want to spend very much on their coin collection if they can help it.
The most important thing whether you are a beginner or a seasoned veteran of purchasing coins for your collection is to make sure that you are getting the best price. The only question many will have is how they can make sure that the rare coin prices they are paying are fair. There are just a few things to keep in mind when determining the prices of coins. This will help you to discover if you should purchase a coin or you should ask to purchase it for less than what it is listed as.
Raw Versus Graded Coins
Many prefer to buy raw coins because they are able to get them for a super low price. This is because the majority of people selling raw coins either do not know what they have or they purchased them from someone who did not know what they have. The problem is when someone is trying to sell you a raw coin which they want you to believe is graded high on the Sheldon Scale. They are willing to cut you a deal because it is a raw coin. This is a huge red flag. If the coins are worth the higher rare coin prices, this is what people will try to charge.
Graded coins will cost more, but you will have less of a chance that you will be ripped off. Just make sure to watch out for basement slabbers. These are third party grading services with little to no standards. They are willing to slap a high grade on a coin even it does not deserve it. This will jack up the rare coin prices so that you will pay way more than what the coin is worth. Look for company names like PCGS, NGC or ICG. There are other companies, but these are the top three.
Rarity of the Coin
The rarer the coin, the higher the rare coin prices will be. You can expect that if you find a 1933 Saint-Gaudens Double Eagle that you will have to pay millions for it regardless of the quality. This is when you have to watch out for forgeries. There are many good forgeries out there of the most sought after coins in numismatics. It is a good idea to have an expert look over the coin if you are unsure if you are getting a good deal or not.
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Originally posted 2010-08-23 05:12:17. Republished by Blog Post Promoter
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