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<p>[QUOTE="Silverhouse, post: 1116655, member: 29452"]These postings remind me of a friend who got into coin collecting. He went for all these types of coins and lost hundreds. Here is something I wrote for beginner collectors and I'll put it again here for others. Most of you may already know some of this, but for those new to collecting and investing, it might be helpful. Feel free to add to it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> </p><p> </p><p> </p><p> The Two Toned Coin. </p><p> </p><p> </p><p>The Two Tone Coin</p><p>It all depends on what you want. When I started collecting a few years ago, I had no clue where to begin. My number one question I asked myself was, is the coin even real? I thumbed through countless of coin and currency catalogs offering shiny gold and silver coins for outrageous prices. Other ads included two - tone gold and silver dollars. I later found out these coins are considered to be “altered” because they were not minted that way. Anytime anyone adds something to a coin after it left the mint is considered altered. Take for example would be The 2010 American Silver Eagle two-tone coin offered by the World Monetary Exchange company. They offer a genuine brilliant silver dollar with Lady Liberty on the obverse and the eagle on the reverse, clad in 24kt gold. At first glance it looks like a great deal. Only $49.00 In truth this coin will probably be worth less than that in the long run. (The silver content at most) When companies add their own “art” or clad one precious metal with another, it seriously undermines the value, not to mention the original art work. It would be one thing if the US Mint produced such a coin, but they never have. Don’t be fooled. Don’t get me wrong, it’s still worth it’s silver content, but the additional gold doesn’t add to the actual value at all. It’s just another marketing ploy in my opinion. At best I would consider it a specialty item. Since not everyone collects those types of coins. But if you personally like a coin like that and you enjoy it, then I see no reason not to buy it. If however you are looking to maybe sell a particular coin like that at a future date, remember stay away from two-tones! Unless produced by an authorized government mint, my suggestion is stay away.</p><p> </p><p>Did you see that gold coin for only $29.95?</p><p>Anytime a coin company offers a gold coin and it seems to good to be true it most likely is. There are a few key words to watch and listen for when you see these commercials on television. When they say a genuine 20 dollar gold coin clad in 14 milligram 24k gold, that means all they have simply done is cover the base metal of the coin with 14 milligrams of gold, to give it that “gold look” who knows what metal is actually used underneath.[/QUOTE]</p><p><br /></p>
[QUOTE="Silverhouse, post: 1116655, member: 29452"]These postings remind me of a friend who got into coin collecting. He went for all these types of coins and lost hundreds. Here is something I wrote for beginner collectors and I'll put it again here for others. Most of you may already know some of this, but for those new to collecting and investing, it might be helpful. Feel free to add to it. :) The Two Toned Coin. The Two Tone Coin It all depends on what you want. When I started collecting a few years ago, I had no clue where to begin. My number one question I asked myself was, is the coin even real? I thumbed through countless of coin and currency catalogs offering shiny gold and silver coins for outrageous prices. Other ads included two - tone gold and silver dollars. I later found out these coins are considered to be “altered” because they were not minted that way. Anytime anyone adds something to a coin after it left the mint is considered altered. Take for example would be The 2010 American Silver Eagle two-tone coin offered by the World Monetary Exchange company. They offer a genuine brilliant silver dollar with Lady Liberty on the obverse and the eagle on the reverse, clad in 24kt gold. At first glance it looks like a great deal. Only $49.00 In truth this coin will probably be worth less than that in the long run. (The silver content at most) When companies add their own “art” or clad one precious metal with another, it seriously undermines the value, not to mention the original art work. It would be one thing if the US Mint produced such a coin, but they never have. Don’t be fooled. Don’t get me wrong, it’s still worth it’s silver content, but the additional gold doesn’t add to the actual value at all. It’s just another marketing ploy in my opinion. At best I would consider it a specialty item. Since not everyone collects those types of coins. But if you personally like a coin like that and you enjoy it, then I see no reason not to buy it. If however you are looking to maybe sell a particular coin like that at a future date, remember stay away from two-tones! Unless produced by an authorized government mint, my suggestion is stay away. Did you see that gold coin for only $29.95? Anytime a coin company offers a gold coin and it seems to good to be true it most likely is. There are a few key words to watch and listen for when you see these commercials on television. When they say a genuine 20 dollar gold coin clad in 14 milligram 24k gold, that means all they have simply done is cover the base metal of the coin with 14 milligrams of gold, to give it that “gold look” who knows what metal is actually used underneath.[/QUOTE]
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