Stockpiling coins is no longer just for the collector, nowadays even the average investor can find profits in pennies.
Well, maybe not pennies, but some coins are worth their weight in gold, literally.
With bullion prices soaring in recent years, gold and silver coins have become a hot-ticket item among investors seeking to diversify their portfolio.
There’s more to investing in coins than just buying gold, however, so before you try your hand in the market, here are a few tips to keep in mind.Dealers Rule
First things first, seek an expert’s advice and find a certified coin dealer to work with. Coin dealers are essentially the market managers of the business.
A dealer will help you set a goal and also help you establish an exit strategy so you can see a return on your investments, says Barry Stuppler, the president of the American Numismatic Association.
The best way to invest is to acquire an entire collection of one type of rare coin, as opposed as having a potpourri of rare pieces.Page 1 of 6 | Next Page