What Is Coin Hunting?
One of the oldest hobbies on Earth, coin hunting is fun, rewarding, and potentially lucrative. Some coins date back before the European continent was discovered, making them more than 3,000 years old. You will be surprised at how much one coin can be worth; some older pennies are worth thousands of dollars.
Coin prices have soared in the past few years, with the only 1933 Double eagle gold coin being sold for a record $18.9 million in 2021. The purpose of this guide is not to make you an expert on coin hunting but to brief you on the basics that will get you started on collecting coins.
How to Get Started?
Coin hunters go to great lengths to find rate coins such as by using a metal detector in old abandoned homes, checking Amazon or eBay listings, or even calling local numismatists who are experts in rare collectible coins. Examples of rare collectible coins include the Peace Silver Dollars, Swiss 20 Francs, British Sovereigns, and the Pre-1933 $10, $20 Eagle coins. The value of these coins’ trades at a premium to the bullion spot price as the coin has a value not just for being a precious metal but being rare and a collectible.
Importance of Good Research
Coin hunting isn’t about luck; it’s about quickly searching for valuable coins. Many people out there collect coins and don’t do any research or study before making their purchases. This can lead them to potentially buy counterfeit coins or even miss a great opportunity like finding valuable coins or rare coins for sale. You can start with a small bullion coin collection and then proceed to learn more about rare coins by reading information found in books or online.
Invest in Bullion Coins Today
If you want to get started with coin hunting, Orion Metal Exchange can help. We help investors start their love affair with precious metals and offer many bullion coins such as Gold American Eagle, Silver American Eagle, Canadian, and Silver Maples. We offer the best quality silver, gold, platinum bullion bars, palladium coins in America. We also advise our customers on the most secure vault storage for their gold and silver coins.