If you are purchasing rare gold or silver coins, especially if you are relying on them to be a profitable long-term investment, it is imperative that you understand exactly what you are buying, every step of the way. Far too often, a person will not find out that their coins are not worth what they initially paid for them. This can be extremely frustrating, especially if those coins have been hoarded for many years or received as an inheritance, payment, or gift.
Before spending your money on rare coins, you should do some research and educate yourself about the various factors that determine a coin’s true worth. To the untrained eye, two identical coins could have two completely different values, depending on a number of very subtle nuances. Knowing how to differentiate between the two, as well as how to interpret listings online, is what sets apart a successful collector/investor from a hopeful but unsure buyer.