Newbie ripped off by TV Coin Shows

A simple way to start with your education as previous mentioned is to get an eBay account and use the search for various coin criteria. then compare buy it now prices to help establish auction bid limits.



You mentioned 1960 for example. A good starting place would be to search (1960 Mint sets) Go to the tab of Buy it now and compare prices by sorting lowest to highest, then go to auctions - set your high bid lower than the lowest "buy it now"

A different suggestion if you want to tie coins and kids together..


I didn't notice how old your kids are. now for the kids and coins thing Getting a bulk bag of circulated wheatie pennies and spending time with them sorting them and sticking them into albums. I think that where everyone started with collecting.

Birth year sets are cool, but if the kids can't pull the shiny coins out of the plastic they may loose interest - it's really hard to explain to kids that when you touch mint state coins they loose their value.

However with sorting through pennies nearly a hundred years old, all kinds of topics will come up. The next step is getting a publication that lists values and then learning mintage quantities and how that affects the value through its rarity. the most rare are your key dates......

just a different slant - suggestion

 

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ummm, not necessarily...

with the exception of the 1909-S VDB, the lowest mintage wheat cent is the 1931-S. The 1914-D is the key date. The 1950-D Jefferson has the lowest mintage, but the 1939-D is the key date, etc.

It might be better said that if you look through a publication to see which dates are the most expensive. Those are the key dates.

 

Thanks for the info. My twins are 9 years old and were born in 1991.

The four important dates for me are 1960, 1966, 1991, and 2001. I was thinking of buying different coins for each year or buying Silver Eagles if possible. I need 2 coins for 2001.
Silver commem. coins are also fine. I am 100% open to suggestions.

I was hesitant of using E-bay because I read another post about all the counterfeiting being done in China.

Please recommend some trusted sites other than e-Bay.

Thanks,

Eddie

 

Eddie, your best bet is to get yourself connected with a trusted dealer. Preferably one that is in close proximity to you, that you can visit on a regular basis. Explain to them what your goals are. I am certain that any reputable Dealer will work with you in meeting those goals. Not doing this , simply exposes your vulnerability to those who are well prepared to take you for all they can. Once again, I would urge you to consider the vintage mint commemorative's as a fairly safe place to put today's dollars into. Personally, I think there are some very good possibilities for some issues to make some hefty advances in the course of a 10 year plan. regards,

 

One part of that sentence cannot be true. This is 2010, not 2000. Either your twins are 9 years old (which means they were probably born in 2001) or they were born in 1991 (which means they are 19 years old).

 

I noticed that too, lol. I'm assuming its just a mistake since he has been talking about 2001 coins. He also mentioned 1991 coins though, so maybe someone else was born in '91.

 

me me me

 

My sons were born in 2001. Sorry.

1960 - my birthdate
1966 - wife's birthdate
1991 - year maried
2001 - twins birthdate

I apologize for the error in the prior post.

Any ideas? Should I list this as a new post since this post is so long?

Thanks,

Eddie

 

2001 for the kids sound like a prime year to buy Buffalo Commemorative Silver Dollars. Available in both Uncirculated and Proof, they are one of the real winners in commemorative coins. The obverse and reverse feature modified versions of the buffalo nickel design. This coin is available in both Uncirculated and Proof. This coin has sold at a premium and IMHO will continue to garner a premium for years to come.

 

That's great advice mikenoodle.