5 tips to avoid coin collecting disaster and losses

in collecting •  8 years ago 

There are hundreds of mints around the world and thousands of coins released every year. Anyone who buys most of them is in for a big loss or a long wait to get their money back so it can be important to know what to look for in a coin and what is likely to lead to being able to exit with a profit.

I made this video to explain the 5 things you can look for to help you avert disaster.

Let me know what you think.

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upvoted....beautiful beautiful coins man awsome

Love it

Nicely done. I began collecting Canadian Mint coinage five years ago, primarily to use the coins as family gifts. In time, I began leaning towards small mintage and 1oz silver proof sets. I still buy those, but most of my investment now is in bullion coin, i.e. $5 Canadian Silver Maple Leafs and American Eagles. I short, I'm now focused on inflation hedges rather than collector value.

It is very easy to lose a lot of cash as the system is against success but there are some good steps that can be taken.