How to start a coin collection business by darlena pagan

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Information about How to start a coin collection business by darlena pagan

Published on May 28, 2012

Author: darlenapagan

Source: slideshare.net

Description

Collecting coins for a hobby, investment and starting a business

By Darlena Pagan

Introduction: It is believed that you should know a few things about the process of coins before becoming a market marker, such as, the process of The American Eagle Proof and Uncirculated Coins. Knowing how the coins are process will provide you on the quality and values of the products. In addition, it is recommended to find a case study on the coin market. A case study on coins will provide you with information on market, such as, how well the coins are selling, economic crisis, and other related information on coin collections and investments, such as, A Coin Market Case Study - The Lincoln Commemorative, I had read on the about.com website. Next, it is recommended that you visit the Abraham Lincoln Presidential Library and Museum Store to gather other ideas on marketing you coins, such as, selling another product with the coins to motivated customers to purchase from you.

Coins Are Process For Keeping its value There three types of coins, for example, Gold, Silver and Platinum The banish bullion coins are process The coins are press fitted with special dies The Coins are strike multiple time to a softly frosted After the process coins are in Mint Condition The coins are inspected by glove wearing inspectors The coins are placed in protective plastic capsule The coins are mounted in satin-lined velvet presentation case Each of the coins has its own official certificate of authenticity

2009 Case Studies Recession caused broking promise to coin collectors  Coin sold: 116,558  Uncirculated total : 61,164  Coin sales: 177,772  proof and uncirculated coins: 500,000  Unsold coins: 227,722

Online Store•The Lincoln Commemorative Silver Dollar• Find a wide range of compelling and one-of-a-kind merchandise, suchas, replicas of Lincoln artifact collection, books, media, gift, homedécor, apparel, toys games, stationery, jewelry, and many more

 Market Markers sell coins for profit Collect coins Offer materials to read about the coin like the Lincoln Commemorative Silver Dollar

 The U.S. Coin Digest The Official Redbook U.S. Coin Digest A Guide Book of United States Coins The Official American Numismatic Association for grading standards of the United States Coins (ehow, 2012) Coin Stock Quote & Summary Data (NASDAQ, 2012).

 Read as much as material about the business Purchase books, magazines, study case studies, coins television shows, research the Internet for coin collections Visit the U.S. Mint website Research the economy conditions Motivate customers Add Additional materials with coins to encourage sells

 Abraham Lincoln. (n.d.). Presidential Library & Museum, Museum Store, Retrieved from Abraham Lincoln, Presidential Library & Museum Abraham Lincoln. (n.d.). Presidential Library & Museum, Museum Store, Retrieved on May 05, 2012 from http://www.alplm.org/store/home.html Emma, L. (2012). How to Start a Coin Business, Retrieved from eHow Emma, L. (2012). How to Start a Coin Business, Retrieved on May 09, 2012 from http://www.ehow.com/how_4937665_start-coin-business.html Headley, S. (2009). A Coin Market Case Study - The Lincoln Commemorative, Retrieved from About.com Headley, S. (2009). A Coin Market Case Study - The Lincoln Commemorative, Retrieved on April 04, 2012 from http://coins.about.com/b/2009/02/18/a-coin-market-case-study-the-lincoln- commemorative.htm

 NASDAQ. (2012). COIN: Stock Quote & Summary Data, Retrieved from NASDAQ NASDAQ .(2012). COIN: Stock Quote & Summary Data, Retrieved on May 09, 2012 from http://www.nasdaq.com/symbol/coin United States Mint. (n.d.). Coins & Medals, Retrieved from United States Mint United States Mint. (n.d.). Coins & Medals, Retrieved on April 04, 2012 from http://www.usmint.gov/mint_programs/?action=american_eagles Words of Wisdom, LLC. (n.d.). Introduction to Communication, Outlining (Chapter 14, pages 196- 197), Career Education Corporation, Schaumburg, IL, Retrieved from American InterContinental University’s Bookshelf

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