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How to make money
buying coins at the U.S. Mint
by D. L. Crane
The United States Mint is a government company that produces special and
unique coin sets for the collector including
national medals, American eagle gold, silver,
platinum coins and commemorative coins which
mark certain events.
On
April 2, 1792 when Congress passed The Coinage
Act it created the U.S. Mint and authorized
construction of a building in the nation's
capitol which was Philadelphia at the time. The
U.S. Mint building was the first federal
building erected under the Constitution.
Buying coins directly from the United States
mint instead of from coin dealers can save
collectors a lot of money. You can do this by
using the official website www.usmint.gov.
Most people speculate that Buying coins and gold
from the US Mint will only make money for your
grandchildren, but there are other certain ways
and means to do so.
Here are some useful tips on how to make money
from buying coins from the US Mint.
1) Invest in coins which are worth more money
than the selling price. It is important you
research the coins you bought and then re-sell
them.
2) If you do not wish to sell your coins and
have the time and financial means, you can open
a museum and charge for viewing.
3) the most factor is the knowledge on the
coins, the more information you know the better
chance you have of selling and making money.
The U.S. Mint offers a variety of coins, starting
from proof set, un-circular sets and special
sets and coins with limited mintage.
Making money from the U.S. Mint is more of a
tactic. In 2006 a Mint coin set was introduced
commemorating the twentieth Silver eagle. This
included a coin that could only be bought with
the set. The original price was of a hundred
dollars but by 2008 the sets price increased to
four hundred dollars.
As you can see it is a matter of investment the
earlier you buy the set, and the more unique it
is, later on you can sell at a better price and
make money.
Here are some questions you should ask yourself
before buying:
Is the set Unique?
Can the coins in the set be bought separately
for a lower cost?
Is it worth paying more money for the extra
trimmings? I.e. the box, certificate and
brochure.
Here are some examples of the coins the US Mint
offer:
Proof Coin - A proof coin is a coin struck
multiple times using a high quality minting process; these are usually
collectibles and are sold by the mint for more
than the face value.
Proof Sets - This is a set of coins minted
annually from high polished metal on special
dies; these are also usually issued for
collectors.
Mint state Coin - The mint state coin is in a
pristine condition. This will show no sign of
handling, but can have processing defects. It is
of up most importance that this coin is not
touched by the human hand because the oil on our
fingers can leave permanent marks.
Buying gold from the US mint is another way to
invest to make money; you are certain that you
will be buying real gold and not fake. Leaving
you the opportunity to sell in the market, when
the price of gold increases.
Go to
www.BestCoin.Com for a Free Coin Guide and
More Coin Collecting Information.
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