We all know that coins are a good investment. A single paper bill might only be worth a few pennies these days, but coins like haktuts blogspot com have some serious value — and the coin market values them at around $40 billion annually. So if you want to invest in gold without breaking the bank, where should you look?
Well, we’ve put together this ultimate guide to coin hacks to help you out! The advice ranges from “learn how to make your own coins” all the way up until “the art of creating counterfeit currency.” We’ll tell you everything there is to know about making money with coins and investing in collectible items like rare proof sets or rolls of quarters.
1. Coins 101:
Coins are a brilliant investment opportunity, but you’ll need to learn a few basics if you want to be successful. The best way to become an expert on coins is by starting with the basics. For example, if you’re not sure what your first coin is worth, just look up any U.S. coin on eBay or the web — there will usually be a rating system that developed around the item description and pictures.
You can also get some free guidance from coin collecting forums like this one on MEGOforum. Look for someone who has good advice for beginners — or even someone who’s asking about coins for their own collection.
2. Coin Auctions:
Coin auctions might sound complicated, but they’re really not. There are tons of coin auctions that take place every day across the country — you just have to know where to look! CoinWeek.com is a great place to start, as is the official United States Mint website . The best way to keep up with auctions is by subscribing to an organization’s mailing list or newsletter — for example, you can find out about all of the newest coin releases from the U.S. Mint by signing up for their free weekly e-letter .
3. Coin Collecting:
Collecting coins isn’t as difficult as it sounds. It’s much like collecting stamps or vintage baseball cards — you simply need a little know-how and a few dollars to get started.
If you start small and work your way up, you’ll be able to afford some really good coins. For example, if you’re starting out with a $1 coin, it’s probably worth less than 50 cents — but that’s not the most expensive coin in circulation!
You can find out more about the pros and cons of investing in U.S. coins by reading this section from our old site . The same holds true for foreign coins , many of which are still affordable and affordable at that!
4. Coin Storage:
There are a lot of different ways to store your coins. Some collectors opt for the classic coin collecting display cases that allow you to see your investments in all their glory. If you’re worried about thieves or other kinds of damage, then you might want to invest in a fireproof safe instead — just make sure that it’s big enough!
If you want to keep your coins somewhere safe and secretive, there are plenty of ways to do it. For example, this article on FiveThirtyEight shows how a bank vault could slow down the decimalization process and make it easier for us to hide our wealth from the government.
5. Coin Hacks:
If you’re looking to add more coins to your collection, then you’ll need to learn some coin hacks! Most of these tricks require a little bit of patience and elbow grease — but if you’re willing to put in the work, then you should be able to turn a few extra coins into hundreds or even thousands of dollars.
First off, there’s always the Craigslist strategy . This isn’t for everyone — but if you’re patient enough, it will definitely pay off. Just check out Craiglist in your area and start replying to any ads that look promising.
Next, you can get in on the ground floor with penny stock investments . Penny stocks are a great way to start making money — but they’re also risky. If you have a lot of money to invest, then that’s fine — because penny stocks don’t usually cost much.
If paper currency isn’t your thing, then you can always try something like silver or gold coins. Another option is starting your own Amazon storefront , where you can get exposure for your coin-related creations.
6. Coin Collecting for Kids:
If you’ve got kids and want to get them started on their own coin collection, consider getting them a Coin Magazine subscription . It’s a great way to teach kids the basics of coin investing — and the magazine has regular features like “Buy A Piece Of History” that will give them some idea of what they’re working toward.
For more tips on buying coins for kids, check out this article from FinanceGrid . It’s never too early to get your children interested in coins!
7. Coin Extras:
There are plenty of other ways to make money with coins besides investing. One of the most popular is cracking fake or uncirculated coins . This requires some serious knowledge and a lot of patience — but if you can put in the work, then you can turn your collectible into cash!