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Making Cents | TheCoinBroker.com Blog | Page 3
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Should I clean my items?

Cleaning any collectible is probably the biggest single mistake non collectors make under the notion that if it looks better, it will bring more money. Nothing can be further from the truth; Collectors want items in their original condition, dirt, scratches and all. It shows originality. Once an item has been cleaned or altered it’s price has been lowered forever. Never clean collectibles yourself.

Grade and/or Condition

The grade and/or condition of an item effects the price of all collectibles in all fields. Most collectible prices are based on the condition of the item. This is very simple, the nicer condition of the item, the more it should bring.

Supply and Demand

Like any other market, the prices on coins, currency, & collectibles is based on supply and demand. Supply and demand in simple terms says that I can have an item that there are only 5 known in the world, but if there is only one buyer, chances are it will sell for very little because the buyer has so many choices. It might not even sell at all! Converesly, I can have an item that 10,000 are available and we have 100,000 people that want these items, it’s a good bet we will get good money for this item and quickly. In a nut shell, that is supply and demand.

Does age determine an items value?

The age of an item does not necessarily add value. We sell authentic antique Roman coins that over 1000 years old for less than $20 each. On the other hand, we would pay $2000+ for a 1995-W United States Silver Dollar! Why? Because of our old friend supply and demand.

What determines the price of rare coins and paper money?

Date – Condition – Supply & Demand are the 3 factors that determine price values on most collectibles. Simply put, regardless what the book, internet, paper, or what I saw it on the internet selling for, an item is only worth what someone is willing to pay for it in cash. If I have an item that a book or expert says is worth $10,000 and I take it everywhere on earth and the best offer I can get is $5000, this means that the real value is $5,000 cash in hand, not the listed book or expert price.

Commercial Rare Coins & Precious Metals – Rare Coins TV Ad

Buy the Dips – It’s a Long-Term Bull Market

“Last week’s selling has been reported by experts in the industry to have been an absolute manipulative move. Andrew Maguire, now known as the London whistleblower because of his email to the CFTC about a coming manipulative move last year, had this to say in aKingWorldNews.com interview: “. . . it couldn’t have been more blatant (intervention in the gold market) could it? Talk about not worrying about hiding your footprints. This was obviously sanctioned somewhere at a higher level because the amounts of contracts, paper contracts that hit the market, all at once, within seconds of each other, this was not normal trading.”

Maguire also said: “We were seeing massive order flows. We were seeing every single bid being hit. The offers were just massive. I mean we were seeing 10’s and 20 thousand contracts at a time being unloaded by single individuals.””

 

Read more here: http://www.resourceinvestor.com/2012/03/07/buy-the-dips-its-a-long-term-bull-market?t=precious-metals

Gold and Silver, Are you buying the weakness or selling it?

“Gold and silver appear to have bottomed yesterday on good ‘ole turn around Tuesday. Greece’s drama is just drama that leads to fear, but always moves forward. Greece has given traders one of the best opportunities for buying in the past 9 months. Each time Greece’s problems scare the weak hands it allows the stronger players to pick up great positions to sell into strength.”

Read More here: http://www.marketoracle.co.uk/Article33492.html

Bill would make gold, silver legal tender in Utah

“SALT LAKE CITY — A local lawmaker’s bill to allow gold and silver coins to be used as legal tender in Utah is gaining momentum.

The Senate voted 24-4 on Wednesday to adopt HB 317, sponsored by Rep. Brad Galvez, R-West Haven, to allow the precious metals to be used in retail transactions.

Galvez says the measure is a step toward an inflation-proof alternative to paper currency.

If signed into law, the measure would make Utah the second state in the U.S., after Colorado, to recognize the coins as legal tender.”

Read More here: http://www.standard.net/stories/2012/03/07/bill-would-make-gold-silver-legal-tender-utah

The “King of U.S. Coins”

The 1804 dollar is among the most coveted of all rare U.S. coins, with only 15 known examples. Strangely enough, no dollars dated 1804 actually were struck in that year. The United States Mint prepared dollars dated 1803 in 1804, and then stopped regular production of silver dollars until 1840.

Read the full article here… http://www.money.org/Exhibits/1804Dollar/


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