New at this

Discussion in 'What's it Worth' started by mjp967, Apr 6, 2007.

  1. mjp967

    mjp967 New Member

    Hi group, I am new to this whole coin thing and was wondering if someone will help me with this whole thing Like: What to buy, where to buy and what to look for. Should I buy on E-Bay? Please help me out.
     
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  3. YNcoinpro_U.S.

    YNcoinpro_U.S. New Member

    Welcome to the forum mjp967.

    I first suggest you go out and buy the book "The Red Book of U.S. Coins" By R.S. Yeoman if you plan to collect U.S. coins. From there, scower the book for coins you like or find cool.

    After that, I would not recommend buying on Ebay right away. I would head to a local dealer or two and see what they have in stock. If you are uncertain about some things, just ask the dealer and he will probably know the answer.

    Good Luck
     
  4. Aidan Work

    Aidan Work New Member

    Welcome aboard,mjp967.If you are collecting world coins,you can buy the Standard Catalog of World Coins (or Krause) here; www.amazon.com .The postage from Germany is cheap.

    Aidan.
     
  5. Bonedigger

    Bonedigger New Member

    Greetings and Welcome to the forum. :)

    Take Care
    Ben
     
  6. Indianhead65

    Indianhead65 Well-Known Member

    Welcome to the forum!! I would also recommend buying the "Red Book" as a reference to familiarize youself to what coins you may want to purchase. As a beginner, Ebay is not the place to start buying. YNcoinpro is right, go to your local coin shop and hang out, check out the coins/currency and ask alot of questions. If the dealer becomes annoyed, move on to another dealer. If he's not capable of passing along useful info then he's not capable of doing business with.
     
  7. Phoenix21

    Phoenix21 Well-Known Member

    Welcome! Hope you enjoy it here. My advice: Learn and research all you can. What kind of coins are you collecting or are going to collect? Here is a good site to learn about US coins. Find out all the facts that you need to know, find out mintages, dates, etc. Also, listen to most of the people on here, they really know their stuff. Also, you can try to go to a few coin shows to learn about some coins, and buy a few if you wish. I would try to start out small if I were you. Here is an upcoming coin show in your area if you are interested. Well, that is my advice, so I'll let everyone else take it from here, so welcome, and hope you enjoy it here. ;)

    Phoenix :cool:
     
  8. JeromeLS

    JeromeLS Coin Fanatic

    Go to a local coin dealer, look around the boxs of low grade common coins, then, if there is anything you particularly want, ask the dealer and have a browse !
     
  9. Coinlover

    Coinlover The Coin Collector

    also try flea markets, garage sales, antique shops, ect. cheap coins are all over the place!
     
  10. Philly Dog

    Philly Dog Coin Collector

    Welcome
    This is just one way
    If you are looking for any special type of coins sometime it’s good idea to give your phone number to as many dealers as possible they will in turn pass it to people who have what your looking for and sometime you will get it for wholesale
     
  11. mjp967

    mjp967 New Member

    I want to thank ALL of you nice people for helping a friend out. The red book is on it's way to me as I write this, I also ordered the blue book, Is it any good? I am going to a coin show on the 21st of this month and hope to see some coins that I like. I have a lot of coins in a jar that I am looking at now & hope to find some good ones in there. So far I have a unopened 1963 proof set, Should I open it and see if there are any GOOD coins in there? I also have a bicentennial gold medal, Is it any good? Well once agian THANK YOU ALLL for helping me out.

    Thank you,
    Michael
     
  12. Coinlover

    Coinlover The Coin Collector

    the bluebook is also really good. i like it because it gives me an estimate on what the dealers will pay for a certain coin. as for the proof set, i would not open it. thats just me though. :cool:
     
  13. Phoenix21

    Phoenix21 Well-Known Member

    Hey, that is what we are all here for. :hug: Good luck at the coin show, be sure to tell us what you get. And as for the proof set, could you post pics of it? Be neat to see. I can't tell you either way whether or not to open it, cause it is not mine, and don't know what to say really. If you want to hold onto it for investment, don't open it. If you want it in your collection and want to look at it, then open it. Whatever you want. Tell us what you decide. ;) Still, some pics would be nice of it.

    Phoenix :cool:
     
  14. 09S-V.D.B

    09S-V.D.B Coin Hoarder

    Welcome to the forum!

    I would strongly recommend not bringing any money with you to purchase coins when you go to the show. Look around, ask dealers any questions you may have, see if there is anything that you like, but stay away from buying until you know how to spot problem coins, are familiar with the market and fair prices, etc. If you do decide to buy some coins, remember, EVERYTHING IS NEGOTIABLE! The price written down is not set in stone, and in fact, dealers expect that customers will negotiate. Once your Red Book arrives, read through it and flip through the pages to see if anything catches your eye. If you are interested in a particular area, buy specialized books about that topic. Otherwise, have fun!
     
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