Improving the Value of My Found Clad

 Thats a good idea I just might do the same. 
Wolfy
 

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Wolfy, starting a coin collection is a comon secondary hobby as a result of metal detecting. I became more interested in coin collecting than ever before when I found a few really nice old coins and learned about them and their history. If you are interested in coin collecting, first find out what kind of collector you will become for  there are a variety of motivations. Or perhaps, your motivations may change over time as you build up your collection and become more involved. However, don't limit your hobby to the US Mint and rather expand it to the 1000s of coin dealers and private collectors worldwide. With the Internet, it is easy to look over many of them, but of course be careful. 

Posted on: November 20, 2010, 08:45:25 AM

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Homefire thanks for your opinion, although I respectfully disagree. If the US Mint was not a good place for purchasing coins, how do you explain that the Mint generated record sales in 2008 and are currently generating record sales in 2010 with their beautiful 2010 proof Silver Eagles? Millions of coin collectors around the globe purchase proof coins, bullions, and commemorative pieces from the US Mint. I doubt very much that coin dealers sell proof coins at prices lower than the Mint and making a profit.

Have you taken into consideration that there are different coin collectors and that not all invest in coins for their perceived future value? I bought proof coins from the Mint because they are special pieces that are beautifully designed and comparatively speaking, dealers would sell them at competitive prices, not cheaper. Silver coins are significantly more valuable than the circulating clad that we find. Plus, the pocket change clad that I find is just a way of getting my collectibe coins cheaper. I agree, however, that there are many other options for me as a hobbyist collector, just interested in collecting special coins. I recently bought three Morgan dollars, just because I wanted to have them in my growing collection. Mine cost me peanuts compare to the 1893-s Morgan that is selling for over $40,000. If I was in the coin investing business for a profit, I would strive for those rare coins, but I'm not, at least for now.

Homefire, my intention right now is not on the perceived or speculative value of the coins, but rather on owning a number of nice coins, using pocket change that relatively cost me nothing. 

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  Nice animated icon. Well, yeah you are right. Indeed, prices on goods are all relative. For example, sometimes we go to a fancy restaurant and pay premium for the same meal we could cook at home for a lot less.But we always derive a beneit for it, like service, a nice atmosphere, conversation, etc., and we just pay 

Hey, I just got a new MD, a Minelab Safari. Let's see how it helps me find more silver and gold!

Where is the best place (s) to buy/invest in gold stuff (besides a jewelry store that is)?

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You are right! I know a couple that are garage sale junkies and will go with them to see what I get. I used to go to thrift stores looking for treasures, but found that a lot of people are after the same thing. In fact, store owners know that and so they tag old items higher. Lots of good antique stores in Chicago as well. Thanks 

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Thanks for the advice. All the mint sets I have bought so far are the silver proof sets. My interest in coin collecting is more numismatic. However, because the collection will be passed on to my children, I have only been acquiring mint proof sets and certified coins in case they decide to sell them. Those that I find through detecting will remain as is, unless I hit a highly valuable ones, in which case I'll have them cleaned and certified as well. 

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