Growing up in Boston Massachusetts, I became fascinated with American history in my childhood. I grew up right smack in the middle of where America's fight for independence from the British empire was planned and began.
I lived a stones throw away from a part of the "Indepence trail," where Paul Revere made his famous horse ride from Boston to the Old Concord bridge in Concord, MA. shouting "the British are coming!" It's also where the "shot heard round the world" took place, signaling the start of the American Revolution, in April of 1775.
The town of Lexington that borders the city I was raised in, Waltham, was where the first major battle between American revolutionaries and the British took place on the Lexington Green, during the British's march from Boston on their way to Concord. It is where the historical "Minuteman statue" stands today to commemorate the heroes that fought in this famous and historical battle.
Can you guess why I named our company Minuteman Rare Coin? :}
The City of Boston is littered with historical buildings such as the Old State house, where most of the planning for the American Revolution took place, and places like the Boston Common and the battle of Bunker Hill In historical Charlestown, which looks out over the city of Boston and the Boston harbor where as the British infantry approached Colonel William Prescott shouted to his soldiers the famous order to "not fire until you see the whites of their eyes"
Charlestown, happens to be where my Great Grandparents on my Fathers side of the family settled after immigrating from Ireland in the late 1800s. So, you can see how my path to becoming a Numismatist and the passion I have for America's gold and silver coinage correlates with the exposure I had beginning at an early age to the rich history of America's fight for independence that would eventually lead us to the birth of a new nation, the United States.
MY EARLY COLLECTING DAYS:
My early coin collecting days began at around 10 years old by looking through the change I received in return from a purchase of a pack of bubble gum or packs of baseball and football cards. I would put away and store any wheat pennies, buffalo nickels and mercury dimes, Eisenhower and Kennedy half dollars that came my way.
My Grandfather schooled me about the difference between "old" coins and "rare" coins. He taught me the difference between "circulated" coins and "uncirculated" coins.
He taught me about the different mints that coins were made at and the significance of each mint. Why they were built, how important it meant to the United States to be able to allow citizens to have easier access to circulating money.
What my Grandfather taught me about rare coin collecting and investing was priceless and eventually led me to a career as a Numismatist, which is the studying and collecting of coins. Nowadays, I specifically concentrate on United States rare gold coins minted from 1795 to 1933 and Morgan Silver dollars.
As an adult, when I began the transition from collecting my circulating pocket change and the Morgan Silver dollars my Grandfather gave me, over to collecting and investing in pre-1933 United States rare gold coins and Morgan Silver dollars. I still had many things to learn about how to acquire the best coins I could afford and at the same time maximize their investment potential.
I still needed to learn how to make informed decisions, choose the "right" coins, and avoid the mistakes that many collectors and investors make.
In this blog post we are going to explore 5 tried and true key classic old school collecting and investing tips I've learned over the past 30 years, not only as a numismatist, but also as an avid and passionate rare coin collector to assist you in assembling the most historically significant, valuable, rewarding, and well diversified United States gold and silver rare coin collection that fits your budget, of a lifetime!
A collection that will enrich your life and bring you joy. A valuable collection that can be passed down for generations to come!
1.) Historical Significance:
Just about every rare coin collector and investor I know, loves the historical significance of rare coins. Even more so, a great story behind a coin, where it was minted, its design, the time period and era it was produced.
Was the coin minted during the late 18th or early 19th century, a time the United States was at War, during the Great Depression, the California Gold Rush, the "Wild West," the Civil War, the Gilded Age, or during the early 20th century?
Great stuff!
2.) Rarity/Diversification/Investment value:
At Minuteman Rare Coin we always recommend to "acquire the best coins you can afford, and always choose quality over quantity!" The more scarce or rare a coin is, it is safe to assume that its value will be much higher than a coin that is more readily available in the rare coin market.
The best U.S. rare gold and silver coins to acquire that provide the best investment potential for financial rewards are historically significant, rare, are key or semi-key dates in their respective series, have low mintage outputs, a low survival rate, and are authenticated, graded, certified, and 100% guaranteed by one of the three major third party grading services, CAC, PCGS, or NGC.
The best United States rare gold and silver coin collections hold an assortment of well diversified authenticated, graded, and certified rare gold and silver coins.
This diversification strategy allows you to maximize your investment gains, protect and grow your wealth while minimizing your risk when the rare coin market isn't performing at peak levels.
Collecting and investing in gold and silver rare coins can serve as exceptional long term investments to store and grow your wealth when you choose the "right" coins. At the sametime, collecting and investing in rare coins should be exciting and fun!
3.) Patience:
"is a virtue!" We have all heard this before and when assembling a historical, valuable, and rewarding rare coin collection this saying couldn't be more true. If you are assembling a series, mint set, subset, typeset, or date runs. The last thing you want to do is choose a coin just to complete one of the above.
Sometimes you have to wait months or even years to find the "right" coin that completes or is the right addition to your collection.
4.) Plan a Budget:
Just like setting goals in life, when planning your budget, it must be reasonable and attainable, and you have to stick to it!
Collecting and investing in rare coins is an art form and the direction and approach you take depends on your budget. Once you decide on a budget, it will help you and the rare coin expert you work with choose what approach is best for you.
5.) Work with a Rare Coin expert:
Every collector and investor needs to work with a rare coin expert who has their best interests at heart. An expert who will guide you in making informed decisions, choosing the "right" coins and avoid making the mistakes that many collectors and investors make. Every great collection ever assembled has had a numismatic rare coin expert behind it! Trust me when I say that.
At Minuteman Rare Coin, with our 30 years of experience and expertise will assist you in choosing those "right" coins and help you avoid those the mistakes that collectors and investors make.
5 Classic old school rare coin collecting and investing tips conclusion:
The tips I've given you above are tried and true. They are a pathway to successfully collecting and investing in United States rare gold and silver coins.
The historical significance of a coin, its rarity/diversification/investment potential, your patience and planned budget, and working with a rare coin expert are all essential components to be successful in collecting and investing in rare coins.
I will finish by saying, there is no right or wrong way to create the most historical, valuable, and rewarding rare coin collection that fits your budget of a lifetime. A collection that will enrich your life and bring joy for generations to come.
I encourage you to follow your interests when choosing what types of gold and silver coins you want in your collection. Your focus could be on a certain era, a time period of significant events, or a specific type of design or motif that holds your passion and interest.
Remember, not only can assembling a rare gold and silver collection bring you potential financial rewards, but it also should be fun!!
For example: Any one of the following could be the best choice for your budget that will allow you to acquire the absolute best coins you can afford.
Some possibilities are rare gold coin typesets of the $2.50 quarter eagle, $5 half eagle, or the $10 eagle from the New Orleans, Dahlonega, GA. and Charlotte, NC. Mints. A Carson City Morgan Silver Dollar Mint Set, a $20 Gold Type 3 Carson City Mint set, or one of my favorites, an 8 coin Early 20th century gold coin typeset.
Minuteman Rare Coin:
We invite you to join our rare coin collectors and investors community and begin assembling the most historically significant, valuable, rewarding, and well diversified Pre-1933 United States rare gold and silver coin collection. A collection that will enrich your life and bring joy for generations to come!
Come aboard and join us by hitting the sign-up button below. You will gain access to our 30 years of experience and expertise, experience. You will gain valuable collecting and investing insights and tips from Minuteman Rare Coin.
We will begin sending you our new Minuteman Rare Coin Company blog posts with valuable, exciting and informative articles on collecting and investing, different coins, series, types, designs, eras, and much more sent directly to your inbox!
Don't miss this opportunity to expand your knowledge. Press on or click the Sign-up button below and begin to embark on a journey of numismatic discovery and unlock the keys to success in the exciting and historical world of United States rare gold and silver coins!
What's the number one piece of advice we give our clients?
"Always acquire the best coins you can afford, and always choose quality over quantity!"
Sincerely,
Edward Walsh, President
Minuteman Rare Coin Company
339-222-4571
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