Cool Facts About Investing in Ancient Silver Coins
Ancient silver coins are probably the most exciting products in the silver metals markets. It’s the history that drives the desire to own. Who held this coin, what transaction was it a part of, did a Roman emperor have this coin in his collection? The questions are endless, but all certainly very exciting to think about.
The one issue with ancient coins is the fact that there are many fakes floating around. Auction sites are notorious for selling fake silver ancient coins. Of course, there are more genuine coins than fakes out there, but fakes do make their way to the surface from time to time.
Unless you are an expert or very experienced in ancient silver coins it is often difficult to tell the difference between genuine and fake coins. This is why relying on a trusted advisor is critical. Some companies, like GMRgold.com, have experts on staff to hello guide clients in the rare silver coin markets. There are very few reputable experts out there which makes GMRgold very happy to provide one of the best in the country to their clients.
Believe it or not, some people actually collect fake coins, particularly famous ones, from well known fakers, such as the 20th century copyist Peter Rosa.
Many fakes come marked "Copy" in accordance with the US Hobby Protection Act. These are fine to have in your collection in limited quantities, as long as you know what you are getting.
Greek, Roman, Persian, Parthian, Byzantine and Egyptian ancient silver coins are the most popular coins collected. All ancient silver coins were struck by hand so there are variations in each coin, which makes them super exciting to collect. The better quality silver coins are the more valuable coins of course. Some coins can be worth many 100’s of thousands of dollars. Most however are in fair or poor condition and worth only a few hundred dollars.
Ancient silver coins do capture the imagination and are quite fascinating for sure. Extensive in-depth research on ancient silver coins is critical.
Remember, "Take care of your money and your money will take care of you."
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