Collectors can buy coins from coin dealers, the U.S. Mint, and auction sites such as eBay. When buying coins, knowing how to spot fakes and understanding the wholesale values of different coins will help ensure that collectors get the best value for their money.
Buying coins from a dealer requires purchasers to understand each coin's wholesale value to ensure they don't overspend. Each week, the Coin Dealer Newsletter prints the Grey Sheet, which reflects the current prices of coins. While buyers should expect to pay more than the wholesale value for a coin, using this sheet helps buyers understand each coin's worth.
Another coin resource is eBay, where both experts and novices sell their coins. Coin shoppers on eBay, should avoid coins that sellers claim are rare even though they are widely available across the site. This will reduce the risk of purchasing a fake coin. Paying with a credit card also ensures that the buyer will receive a refund in the event of a coin being fake. Collectors with an interest in the U.S. Mint can purchase directly from them by visiting their official website. The U.S. Mint usually only sells current collections but may occasionally sell coins from the previous year.Learn More
Although only the U.S. Mint can make coins that are legal tender, coins can be made with the right tools and metalworking skills. A coin is made by pressing a blank between two carved metal plates called dies.Full Answer >
The U.S. Mint never made "pure" silver coins because 99.9 percent silver is too soft to use in circulation. Dimes, quarters and half dollars were minted with 90 percent silver content through 1964.Full Answer >
Facebook credits are often given in the form of gift cards, which can be redeemed on Facebook and then used to buy coins and other currency in individual games. Facebook credits can also come from individual credit or debit purchases within games to acquire coins and other specific game currencies.Full Answer >
The value of old pennies can be determined by auction houses, collector organizations and coin dealers. The value varies based upon the type of penny, its condition, the year and place of its minting, and its overall rarity. Some organizations use coin-grading services to authenticate and value coins.Full Answer >