Best place to purchase coins

Discussion in 'Coin Chat' started by RobbieWest1984, May 23, 2020.

  1. RobbieWest1984

    RobbieWest1984 New Member

    I am new to the collection of coins. What’s the best advice and place to purchase coins with the really possibility of searching through authentic, not fake USA coins to find the rare one?
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Evan Saltis

    Evan Saltis OWNER - EBS Numis LLC Supporter

    This is not a real possibility. The YouTube guys make it look possible but it's not.

    This is the simple answer.
     
    spirityoda and Inspector43 like this.
  4. AdrienH

    AdrienH Yet Another YN

    I think you mean coin roll hunting-
    You have to go through tens of thousands of coins to find any sort of "rarity".

    I'd start with a box of quarters as West Point released the privy mark quarters this year,

    Take the face value coins back to the bank, replace the ones you took out and get another box.

    If you're not referring to coin roll hunting then you will want the finest examples of coins you can find.

    To ensure authenticity, buy PCGS/NGC verified coins.

    And NEVER, I repeat, NEVER buy from those coin programs you see on TV. They are often extremely marked up and not worth anything more than face value.
     
    YoloBagels, Bayern, capthank and 5 others like this.
  5. Evan Saltis

    Evan Saltis OWNER - EBS Numis LLC Supporter

    Also, this post is so extremely vague that I can't discern what you're getting to.

    More detail?
     
    YoloBagels and Inspector43 like this.
  6. Danomite

    Danomite What do you say uh-huh

    First, welcome to CT! If you want to search coins, go to your local bank and purchase rolls as you can get them for face value. First you need to have a true understanding of the minting process and learn where the reference material is to attribute any potential finds. If you may be one of the many unfortunate YouTube viewers that think you can get rich....well NO. If you are in this for the enjoyment and the learning of history you are in the right place!! There are so many knowledgeable folks here that are more than willing to help you. ;)
     
    capthank and Evan Saltis like this.
  7. RobbieWest1984

    RobbieWest1984 New Member

    No actually you have made great sense and given wonderful advice. I appreciate it. Lastly, the videos on YouTube about ‘too rare coins worth money’ or ‘top wheat pennies to look out for etc. are they legitimate or is it all a scam. For example the error on the 1943 S penny. YouTube video said that it sold for like 1.7 million. Not sure of exact amount but you get my point.
     
    YoloBagels and capthank like this.
  8. RobbieWest1984

    RobbieWest1984 New Member

    Thank you for wonderful advice and I am originally from South Africa. Immigrated in 2015 and love the history of your country. I just need to make sure when purchasing coins that I would love to collect, how and where can I go about it. Like how would I get my hands on an old colonial authentic coin? Or some type of 1800 coins? Things like that.
     
    Danomite and Evan Saltis like this.
  9. I would recommend getting a box of pennies and searching for wheat cents and other raritys
     
    Dimedude2 and spirityoda like this.
  10. Danomite

    Danomite What do you say uh-huh

    Welcome again! If you are wanting to collect colonial coins or early US mintage coins I would highly recommend graded and authenticated coins from a TPG , third party grader. Many of those types of coins are counterfeit and if you are not very knowledgeable you can easily make a costly mistake. Here is one of several sites to check out.
    https://www.greatcollections.com/
     
  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    Forget uTube. Too much misinformation. You can coin roll hunt (CRH), which is gun and sometimes rewarding. The best place to learn is to go to your LCS or Local Coin Shop. Stick around here. No better place to learn than CT.

    Welcome to CT.
     
  12. thomas mozzillo

    thomas mozzillo Well-Known Member

    Welcome to Coin Talk. Many YouTube videos are click bait scams where the only one making money is the one who made the video. The 1943 Cent referred to is a Copper Cent. In 1943 the US Mint produced Zinc coated Steel cents as copper was needed for the War effort. I don't know how many copper 1943 cents were found but I'll hazard a guess and say it was much less than 100 out of more than 493 million made that year. You should get a copy of the "Red Book". The official name is A Guide Book of United States Coins by R.S. Yeoman. It's considered the Bible of coin collecting. Two things every newcomer is told is 1) Never clean a coin and 2) Buy the book before the coin.
    Ask as many questions as you want. Most of us are more than willing to help. .
    Beware of buying so called "Unsearched" rolls or bags of coins. :)
     
    Last edited: May 23, 2020
  13. RobbieWest1984

    RobbieWest1984 New Member

    Thank you for such wonderful advice. So my wife and Inherited some coins her dad got from his dad and his dad. I have an 1864 2 Cent Coin in my possession as well as an 1833 Dime. Shall I get these appraised, certified, etc.
     

    Attached Files:

  14. Kentucky

    Kentucky Supporter! Supporter

    Welcome to CT. Those are a couple of really nice coins you inherited. About grading/authentication... This is used to add value to somewhat scarce coins. The usual cut-off is $150-$200 value before certification really makes any sense, since the leading TPG (Third Party Graders) charge a pretty penny :) or their services, so forget having any certified for now (ask here if you REALLY have the urge). Also, buying coins that have been graded is not a cheap proposition. What's left? Well, it depends on where you are and what you want. Coin Roll Hunting (CRH) is going to get you Lincoln cents (wheats if you are lucky, Indian Heads if very lucky), Jefferson nickels with the occasional slick Buffalo, in general coins 60-70 years old and newer. That's why people search for errors. Now, ranging out from the bank we get to other venues. Where do you live? There are coin shows and coin shops where you can find some jewels (sometimes). Finally (I've rambled on long enough) get a Red Book (A Guide Book Of United States Coins - Yeoman) and spend some time reading it. If you get into world coins or (shudder) the dark side - ancients, spend some time reading here. Happy Collecting
     
    capthank and Randy Abercrombie like this.
  15. thomas mozzillo

    thomas mozzillo Well-Known Member

    It's hard to give an estimate of the grade of your coins as the photos are too small. From the little that I can see, they are not in the price range mentioned by @Kentucky to send them in for grading. Post large clear photos and it will be easier to give the approximate grade. Keep the coins in non PVC plastic flips or holders of your choice. Have fun. That's what it's all about. :)
    EDIT: Research and gaining knowledge is a large part of the fun.
     
    YoloBagels and Kentucky like this.
  16. RobbieWest1984

    RobbieWest1984 New Member

    Here are better pics
     

    Attached Files:

  17. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Nice coins! While they are classic US Americana, the two cent and half are common dates. I wouldn’t consider them needing to be sent off to be put into a slab unless the inheritance is meaningful to you and you wish to save them for future family.

    There are so many collectible US coins. I have been enjoying them for fifty years. I might suggest finding a local coin dealer. Coins shops always have a “pick bucket” on their counter. The sort of thing where you can take what you like for five bucks each. That sort of thing. It is an inexpensive way to build a collection and occasionally a real gem can be found in them. I also echo what others have said about the Redbook. Any US collector needs one. A year old edition can be found at outlet stores for pennies on the dollar. Enjoy!
     
    Last edited: May 25, 2020
    JeffC likes this.
  18. RobbieWest1984

    RobbieWest1984 New Member

    Thank you once again. You guys have been super great and friendly. What advice do u have about those selling silver on eBay? The advertisement would say, estate sale etc buy rare silver for x amount? Is that a scam? Secondly I would like to send a pic of a nickel I think it is, that might have lettering errors. Could you take a look and let me know what you think. I am also going to purchase the book today.
     
    Evan Saltis likes this.
  19. Chris11111952

    Chris11111952 Member

    CoinhelpU.com will give you a good basic education
     
  20. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I am of the mind that most of these lots advertised as unsearched estates are scams. Anything that appears too good to be true probably is just exactly that...... Concerning your nickel, there is an errors forum here on CT. Start a thread in the errors section and those experts can give you an honest opinion.
     
    Last edited: May 25, 2020
    Mountain Man likes this.
  21. Collecting Nut

    Collecting Nut Borderline Hoarder

    Welcome to CT. You should do a separate thread on each coin. Post full size photos of both sides and crop out the background.
     
Draft saved Draft deleted

Share This Page