Coin dealers

[autocoupler]

IMHO the internet has a lot to do with the demise of some dealers but, ironically, surviving dealers are big users of the internet auction. It's not so bad to be able to sell on commission at 30+ percent without leaving the premises. I guess they've earned the right to do that after a lot of hard work in building a "reputable" business in the first place.

[gweidion]

Is it a hard task to buy whole collection or book? If anyone has any for sale please let me know uncirculated preferably but I may consider circulated ones too. I was also wondering what books are good for education and learning about coins? I have a limited knowledge but I am keen to learn more cheers.

It really depends on what interests you and will keep you happy even if it doesn't make ridiculous profits.

Speaking of ridiculous profits, what is going on with the 2014 Australian Remembrance $2 coin and rolls? This is the one with the green ring and dove.
These are going for insane prices all of a sudden.
Coins at $30 plus, RAM rolls at $1000 and up and Cotton and Co rolls not far behind.
When these released I remember people struggling to get sales at the arbitrary $99 RAM wanted for them. It isn't like there is a real shortage with 1.85 million minted.

Oh by the way, that dealer hasn't gotten back to me about the foreign coins by the kilo yet. Maybe he is away on holidays. If I hear I'll let you know.

[Pedro]

Coloured $2 coins in general are surging. Have a look at the prices the C mintmark coins are going for eg the 2013 going now for over $500, the 2012 for $400+ etc.  

Heyman_526 - for reference material have a look at McDonald's s or Renniks catalogues for a general guide. Ebay often gives you a better indication as to what coins are actually selling for. Buying from Ebay comes with risks ie the coin grading claimed by vendors. If you go down this path you can just about guarantee that you will be caught out at some point like all of us. Experience can be a tough master.

Do as much research as possible, take the time to learn about coin grading and go in gently. Having a guide like the Purple Penny would definitely be beneficial.

Pedro

[fred lever]

G'day Heyman, you have to figure out WHY you want to buy coins and notes.
Do you like collecting things?
Do you want to make a profit money wise?
Do you want to know more about coins and notes?
Knowing WHY you are doing something should then be the overarching guide to WHAT you do.
Like any other thing in life you can spend that lifetime learning all the nitty gritty details about a subject.
That means you read every piece of written information and understand the subject from basic construction all the way to public utility.
What the hell does that mean ? You say!

With coins and notes that means understanding HOW those items are made and then HOW they are used in the economy.
In the meantime, back in the real world, you may like just collecting things with a bit of an eye onto at least keeping some money spent when you lose interest.
The old adage then, "buy the best you can afford" probably is true but did work best in a booming market.
So study coin and note values for the last 50 years  and see what worked and what did not.

Whatever you do, unless you want to be the mug who gets fleeced from ignorance, LEARN every thing you can like its a entrance exam to coin collecting and investing.
In my case that meant building a library of every magazine, book web site I could lay my hands on and understanding the buisness, the engineering and the commerce of money. Then once you become a know-all it is easy! Only took about 50 years on and off! So how come i'm not a millionaire? Answer: I really only care about how they are made and researching that aspect. Any money I ever made from coins was because I accidently bought somethin that appreciated because the market changed upwards! Bit like horses and shares really.

I am not too sure if any of the above makes much sense but the more you read, the more you see patterns and motives behind things and understand how it all works and what you want to do.

Fred.

[JeffH]

Then once you become a know-all it is easy!

So you say Fred but you can never know it all. Always something new to learn.

[Bigfellani5]

I have been doing this hobby for over 30 years.....20 years of that professionally. I am still learning and the day I stop learning is the day I will loose interest in the hobby. Based on the knowledge I have seen on this forum alone I will be in a pine box before I loose interest.

[Heyman_526]

Then once you become a know-all it is easy!

So you say Fred but you can never know it all. Always something new to learn.

I was also wondering when buying from a mint is it better to get expensive uncirculated or cheap? I'm looking at getting some that aren't graded already and getting them graded and valued myself. If I do that how likely are they to go up in value or be worth more after being graded?

Also are notes from banks fairly uncirculated? I went and cashed in some coins and recieved what I believe to be a start of production $10 note from 2017 with the AA prefix on the serial number it's in pretty good condition with only a slight lift on one corner but there are no folds or creases how much would it be worth? Cheers

[gweidion]

I was also wondering when buying from a mint is it better to get expensive uncirculated or cheap? I'm looking at getting some that aren't graded already and getting them graded and valued myself. If I do that how likely are they to go up in value or be worth more after being graded?

Also are notes from banks fairly uncirculated? I went and cashed in some coins and recieved what I believe to be a start of production $10 note from 2017 with the AA prefix on the serial number it's in pretty good condition with only a slight lift on one corner but there are no folds or creases how much would it be worth? Cheers

Coin values and to a similar extent, banknotes, depend on quality and rarity or scarcity as well as popularity.
I have gold coins where there were no more than 50 minted and they would be worth what I paid for them or the gold value only I imagine. No popularity. Cost to get them graded, lots, benefit, little. Those were purchased from a mint so you run the risks.

In banknotes people like different things. I collect first and last prefixes if I can get them for a reasonable price BUT the newest releases of the polymer notes went up ten fold so values should be down ten fold.
Old polymer 1 million notes per prefix.
New polymer 10 million notes per prefix.
There are exceptions where they cut a print run short or, like the new polymer $20 notes, they have two different signature sets which confuses us poor collectors.

Some people like solid serials, same number repeated, or RADAR numbers where the serial reads the same front to back and back to front eg 123321. Other people like ladder numbers 123456 etc.
I have no interest in any of those and would probably just spend one if I found it.