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As a general rule, the more common a gold coin is, and the lower grade the coin is, the higher the profit margin (expressed as a percentage of the selling price) for the dealer must be. The reason for this is that low-grade, common coins are harder to sell. Another reason for this difference is dollar value. If a dealer buys a common date, heavily circulated 1940 Wheat Cent from you, he might pay you 2 cents for the coin and sell it for 5 cents, making a greater than 100% profit (but still only 3 cents!) But if he buys a key date, heavily circulated coin, such as a 1931-S Wheat Cent in Good (G-4 grade), he might be able to pay you $50 for it, even though he will make only a 20% profit when he sells it for $60. The difference here is that the 1931-S is likely to sell much faster than the 1940 Cent, plus the dollar value involved in measurable.
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Investors may buy gold for a variety of reasons: among them include a desire to diversify their assets; to hide wealth from tax authorities; for reasons of political belief (e.g. libertarian); or out of fear of an economic depression or other serious crisis (e.g. gold bug).
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Number One on my avoid list is the TV shopping show dealers and premium "Mints" out there that sell nice looking commemorative coins for premium prices, but that have no value beyond their bullion (if they have any) when you must eventually sell them. Some of these "Mints" sell on the TV and cable-based shopping channels, and the prices they charge when they do sell genuine U.S. Mint coins are nearly always several times higher than the price the coins would cost from a normal coin dealer! These shows rarely sell anything that can't be acquired elsewhere more cheaply, so don't impulse buy from these shows! Do a little research and you'll see the same Silver Eagles at $2 over spot price from major traditional coin dealers. Most of the Uncirculated Morgan Dollars I've seen TV shopping show dealers sell for $300 each can be purchased from a normal coin dealer for $30. Never buy coins from TV shopping shows!
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Lesson learned. If I have coins that I think might be improved with a good cleaning, I seek out an expert. The vast majority of the time, he tells me what I'm telling you: when it comes to cleaning coins, don't!
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4. How many U.S. mints were in operation as coining facilities in 1930?

Metal detector discovers rare Celtic coin treasure in Netherlands from 1st century B.C.

Fri, 14 Nov 2008 16:30:00 +0000
Ancient Celtic coin cache found in Netherlands

AMSTERDAM, Netherlands – A hobbyist with a metal detector struck both gold and silver when he uncovered an important cache of ancient Celtic coins in a cornfield in the southern Dutch city of Maastricht.

"It's exciting, like a little boy's dream," Paul Curfs, 47, said Thursday after the spectacular find was made public.

Archaeologists say the trove of 39 gold and 70 silver coins was minted in the middle of the first century B.C. as the future Roman ruler Julius Caesar led a campaign against Celtic tribes in the area.

Curfs said he was walking with his detector this spring and was about to go home when he suddenly got a strong signal on his earphones and uncovered the first coin.

"It was golden and had a little horse on it — I had no idea what I had found," he said.

After posting a photo of the coin on a Web forum, he was told it was a rare find. The following day he went back and found . . .

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