Coins – Collecting, Giving, Selling, Trading, & Loans

The earliest recorded coin collection belonged to the first emperor of Rome, Augustus Caesar. He lived from 63 B.C. to A.D. 14, over 2,000 years ago! Coins have been sought after for many reasons; their historic or artistic value, for investment, and potential long-term profit, and to create a “foundation” between a grandson and his aging grandfather.

How to start collecting – Keep it Simple-

Often people wonder where to start. Begin with collecting coins that bring you interest.

Coin collecting can be started by assembling a set of Lincoln or Indian Head pennies. Have a couple hundred to spend? Start with silver coins then and ask us why. When starting out, remember to start small and keep things simple as the history of the coins are learned and understood. Learn to identify the coins and the various characteristics that increase their worth. Don’t get in the habit of trying to make a quick buck or be too hurried in your purchase. The saying “haste makes waste” may come true.

Assembling a solid collection takes time. Do your research. Come into R & J and we will show you what we have and answer your questions.

When done correctly, coin collecting is a hobby that can last a lifetime and builds a foundation for the next generation to continue.

Start with a Theme –

Collect coins with the same theme, same design, same date.

Don’t be in a hurry, enjoy the process. Parents and grandparents can help little ones start collecting coins by giving “Birth Year” coins. Did you know that each year coins are minted (the term used when new coins are made) all over the world? By the time the little one turns 18 years old and is graduating high school, they would have quite the collection of coins, not to mention an interest and hobby to build on during their adult years. A collection to store in an old cigar box, to pluck out one at a time, and to tell stories of yesteryears.

Buy, Sell, Trade, Pawn

Local Pawn Shops, like R & J Jewelry and Loan, are able to value your coins and if in doubt have them assessed by experts in the field. You can be placed on a text message list that notifies you when coins become available so you have first-hand knowledge of new inventory.

We also buy coins based on their value and the current market. Bring in that collection you are wanting to disperse and we will give you a fair offer. Common coins are Morgan Dollars, Peace Dollar, Silver Dimes, Mercury Dimes, American Eagles, Gold Krugerrands, Gold American Eagles, and much much more!

The Smithsonian Institution’s Museum of American History, the National Numismatic Collection (NNC) offers nearly 1.6 million monetary items to admire. The museum has rarities like the 1840 $20 Gold Double Eagle and the 1913 Liberty Head Nickel. There are other historical items like paper money, ancient coins, and printing plates.

Although R & J does not have such exquisite beauties all the time, we may have just what you’re missing in your collection to build upon your “foundation.”

Do Pawn Shops Quote Over the Phone?

With all the new technology available to us today, we will work with you to get you a quote over the phone. Yes, over the phone, saving you an unnecessary trip into the shop, in the situation you get a lower quote than what you thought your item was worth.

Working with pawn brokers over the phone will also give you an opportunity to think about the offer and decide if this is what you would like to do in the privacy of your own home.

Prepare to make that call to us…

First – Describe for us what you have.

What do you know about the item? Is it in working condition? Does it have any damage on it? What is the brand? What condition is it in? Is it in its original packaging and never used? All these things will help you get an accurate appraisal over the phone and one you will be pleased with.

Second – Take Pictures

When pawn brokers are looking at an item, the smallest detail (a date, scratch, insignia, etc.) can make the difference in how the item is valued. For example, if you say you have a “silver dollar” this could be worth a lot or a little. An 1893 S Morgan Silver Dollar is worth $550,000 compared to a 1922 Peace Silver Dollar in Average condition, valued at $32.00.

A few quality pictures will help us know the difference and get you the most money for your item.

In the situation, you aren’t able to get us pictures we will do our best to give you an idea of what we can offer and can build on that when you bring the item in.

Third – Take a Minute to Decide

Is it worth your time and safety to try to sell online or on the marketplace?

Do you need money now?

Do you want to sell or get a loan?

Fourth – Come see us at R & J Jewelry and Loan in San Jose CA. 

We have talented and experienced brokers who will work with you in a confidential process to get you a fair offer. Bring in a government-issued ID and we will get you into the database system and get cash in your hand.

If you decide you want to hold onto the item hopeful it will increase in value with more time, no problem. R & J will be here when you are ready.

Needing cash now.

Selling…

Idaho Pawn and Gold will take a look at your item and ask what option you would like to engage in to get the cash you need. You will leave with a smile on your face and cash in hand.

Pawning…

If you decide you want to borrow against your item, we will talk with you about the amount you need, the timeline for repaying the loan, and the terms of the contract. 

How to Start High-End Watch Collecting

Do you want to start high-end watch collecting but don’t know where to begin?

We will teach you how to get started with high-end watch collecting. In order to start your collection, you need the right tools for the job.

One of those tools is a Rolex watch! A used Rolex is a great place to start and will depend on your budget. 

Did you know a Rolex can have different karats of gold, highly influencing the price year over year?

Not only are they some of the most expensive watches, but they are also one of the most beautiful timepieces ever created.

If you’re in San Jose CA and want to pick up a pre-worn Rolex, visit our store or give us a call to get your collection started.

When choosing your first fine watch to start your collection, a pre-owned watch with paperwork and developing a relationship with a watch professional is crucial to having a great start. By building a relationship with a watch expert or two, you will always be safe when authenticated a new timepiece you are adding to the collection. 

There are always deals to be had, but if it seems too good to be true, most times your instinct is right. 

Upgrading your collection and changing out a pre-owned Fine-Watch? 

When collecting it is a great idea to own several watches and use these to trade when increasing the value of your watch. 

Maybe even have a replica or two in your collection, to really understand the difference between an authentic fine watch and a replica. The difference is substantial and we are happy to show you at our store in San Jose

Next, keeping the watches in working condition is key to keeping your collection at top value. 

Finally, having your hands on several brands will help you identify the types you will like to collect based on rarity, finish and appeal. 

Follow us and stay tuned for a future article, where I walk you through how I started to collect watches and become the passionate expert in San Jose, and one of the top fine watch buyers in California.