When you begin pricing coins make sure you know if you are getting wholesale or retail prices. The retail prices would be prices you would expect to pay for the coins you want to purchase. Wholesale prices are what a dealer or individual would pay you for your coins. They generally pay out the average wholesale prices to sellers because this allows them to make a profit when selling the coins.
On the other hand, many are torn whether to collect American or foreign gold challenge coins custom. If you are one of them, you’ll find this article helpful to help you make wise decisions whether to collect American gold coins or its foreign counterpart.
Army challenge coins have been used in other capacities. They have been given for awards for outstanding service that was performed during duty. They have been given by commanding officers to members of their team that showed extraordinary courage and leadership under circumstances that were dire. The Army challenge coins became a popular way of awarding recognition for an achievement that was not exactly worthy of an official medal, but still deserved recognition. The Vietnam War revitalized the coins during which time the tradition was renewed among the Special Forces.
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One easy mistake many beginners make is buying coins from questionable locations, or buying specifically minted collectable coins. Often these coins are sold for more than double their value. Unless you’re specifically collecting these types of coins, it is best to avoid them. Coins you see on TV, advertised through magazines or sold by companies like Franklin Mint or National Collector’s Mint are all marked up to ridiculous prices.
American Buffalo. These gold coins were designed after the Indian Head nickel by James Earle Fraser. They show an Indian chief (who Fraser said was patterned after the features of three Indian chiefs who posed for him) on one side, and a bison or buffalo on the flip side. These coins were first offered to people on 2006. People who buy gold coins like these immediately realize that they made a good purchase, too, since these challenge coin maker are pure 24-karat gold. And, they are also highly-desired by collectors, investors and enthusiasts.
U.S. military challenge coins include every branch of the armed forces – the Army, Marines, Navy, Air Force and Coast Guard – and are considered an ultimate honor in addition to other awards received. Although their origin began with the Army Air Corp, they have come to represent all branches today. They symbolize the commitment made by all who have pledged their loyalty and protection to the United States.
Surely, many are enticed to collect gold coins. The things mentioned above are just some helpful tips to help you narrow down your choices. Coin collecting is fun so enjoy every piece!