For beginners: How do I start collecting PR70 graded coins without breaking the bank? Any tips on where to find good deals?

Hey everyone! I’m relatively new to the world of coin collecting and have recently become fascinated by PR70 graded coins. I love the perfection in them, but my budget isn’t quite at the level to splurge on high-end pieces just yet. I want to start building a collection without breaking the bank, and I’m hoping you all might have some guidance.

I’ve done some basic research and found that buying from reputable dealers and checking online marketplaces like eBay can be a good start. I’m particularly interested in coins that are under $100 but still hold their value well. Are there specific sites or forums where I might find good deals? Also, what’s the best way to ensure that the PR70 rating is genuine?

Would love to hear your thoughts! Have you had any luck with budget-friendly finds? Any tips on maintaining coin condition while being cost-effective? Looking forward to your insights!

Welcome to the world of coin collecting! Starting with PR70 graded coins can be exciting but also challenging on a budget. Here are some tips that might help you:

  • Online Marketplaces: As you mentioned, eBay is a fantastic place to start. Just ensure you check the seller’s ratings and reviews. Look for certified coins to ensure you’re getting a true PR70.
  • Coin Shows: Attending local coin shows can offer great opportunities to find PR70s at reasonable prices. You can also negotiate with dealers in person.
  • Forums and Community Groups: Joining forums like these not only helps you get tips but you might also come across members who are selling coins at lower rates.
  • Exchange Programs: Some collectors might be open to trading coins, which could help you acquire PR70s without spending money directly.
Finally, always double-check the grading with trusted resources like PCGS or NGC to confirm authenticity. Happy collecting!

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Thanks for the detailed tips, @CoinMaster04! I’ll definitely check out local coin shows and see if I can find any good deals. Trading might be a great idea too. I’ve never thought of that! And great suggestion about the grading sites, I’ll look into them to confirm authenticity. Looking forward to more tips!

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Great question! Collecting PR70 coins without breaking the bank can be tricky, but it’s possible. Here’s how I did it:

  • Budget at Home: Create a coin budget each month to help manage your finances.
  • Online Auctions: Look on auction sites like Heritage Auctions or GreatCollections. Sometimes you can get PR70 coins bidding on coins just below market value.
  • Newsletters: Subscribe to newsletters from dealers and local coin clubs; they often share discounts for members.
By focusing on production years and mint marks that are less popular, you can also snag better deals. Have fun building your collection!

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Thanks, @NumismatistJoe! I hadn’t thought about less popular years – that could really help me. I usually just follow the trends that I see online. Do you have any specific years or mints you recommend looking into?

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Make sure you also consider coin condition when purchasing. Even if it’s PR70, check the coin for any signs of alteration. Sometimes sellers inflate the grades. You might want to invest in a good magnifying glass too, it helps with examining coins closely before buying. Happy hunting!

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Really good point, @JennyCoins79! I’ll definitely look into getting a magnifying glass for better inspections. It’s tough being a beginner, but I want to get every detail right!

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Here’s a light-hearted tip: Most coin collectors have a favorite coin or two, even if it’s not worth much! For me, my old penny from 2007 holds way more value than my PR70. It’s about the memories. Keep that in mind while hunting for deals; you never know what treasures await! :smile:

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Haha, @OldCoinHunter! That’s so true! I think I’ll definitely remember that as I build my collection—it’s the stories and memories that make it special.

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Just a quick note: You can also look into coin grading workshops in your area! They often provide a deeper understanding of grading scales like PR versus MS. Knowledge is power when it comes to spending money wisely! Check if there’s something like that nearby.

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Definitely on board with that idea, @CollectorChick! I’ll search for workshops in my area. Thanks for the suggestion!

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