Learn study collect and sell coins over. Look for coins with mistakes these regularly sell for above face value sometimes waaaaay above face value.
Buy coins at national or local coin shows.
How to make money collecting coins. Focus on one set of coins and take specific steps that could earn you some extra cash. Here s my fifth and last sure fire way to make money in coins. How to collect coins method 1 of 4.
Find a type of coin to collect. There are thousands of different coin styles. Compare prices to avoid overpaying and verify a reasonable return policy before ordering.
Pure investors buy coins for their profit potential. To make money collecting coins you must first become reasonably skilled in coin grading and purchasing coins that are under graded by those dealers you choose to do business with. Do it the long old fashioned way.
Flea markets and antique shows. Check out the first four here. This is a great starting point to help you learn the fundamentals of coin collecting.
If this kind of investor buys a coin or a group of coins that increase in value it s very likely that he or she will go to the cash window and celebrate as the investor will not think twice about selling if he or she judges the time is right financially. Though coin collecting is an incredibly niche hobby many. But today i m going to take you through some research i ve been doing to show you that earning this way has surprising potential.
Coin collecting sounds like one of those old hobbies that is just interesting to a select group of people rather than a way to make money. The rarest and most expensive coins are often available only through auctions. Visit a local coin shop.