Rare Coin House.com
877-261-6869 or 770-627-4487

                                    
                                                  Frequently Asked Questions

What is a rare coin?                                                                                                         
Answer: A coin can be rare because of low mintage or because no one is willing to sell
the coins they have. When there is a high demand and low supply then the coin can be
considered rare.
                                                                                          
What does numismatic mean?
Answer: Numismatics is the study of things used as money; coins, paper money, inscribed bars
and tokens. It includes virtually anything that is used as money or a form of exchange. When
the term is used by collectors it refers to the study of coinage. A numismatist is an individual
who studies, invests, or collects rare coins or money related items that are used to transact business.

Is the condition of the coin important?
Answer: The condition is an important factor. Normally the higher grade from certain series
are in more demand and usually greater in appreciation than a lower grade from the same
series.

How do you know the authenticity of the coin?
Answer: There are third party services that can determine condition and authenticity.
Professional Coin Grading Service (PCGS) and Numismatic Guarantee Corporation (NGC)
are two of the largest of these services.

Are coins traded on an exchange?
Answer: The coins traded on teletype and computer exchange are usually the large quantity common
and low end coins. Truly rare coins are usually bought sight unseen by dealers and investor due to
great demand.

How liquid are rare coins?
Answer: Coins are one of the most liquid collectible. Coins are illiquid compared with securities
and future contracts but can normally be sold by a good seller within a week in the U.S.

What is the best type of storage?
Answer: A dry area with an even temperature to maintain the condition of the coin. Safety boxes
and home safes are two popular storage areas.

How do you insure coins?
Answer: You can purchase a policy or include them on your home owners policy.

Where is the best place to find coins?
Answer: Dealers are a great source because they can assist you in building a collection. They
can also provide coins that have been graded and authenticity verified.


Do American rare coins appreciate in value more than foreign coins?
Answer: American coins are traded more due to investors being more knowledgeable with
American coins versus foreign coins, which causes American coins to be more liquid.

Is the rare coin industry regulated?
Answer:  Rare coins fall under the Federal Trade Commission's jurisdiction. The U.S Postal
system have some say due to sales occur through U.S Mail service. Regulation is broad but
prohibit things such as fraud, theft and ect. Rare coins do not have the red tape that governs the
future and securities industry.

Do rare coin sales have to be reported to the IRS?
Answer: No, that would be the investor and their financial planners' decision.

Can a coin have marks on it and still be considered uncirculated?
Answer: For a coin to be uncirculated it does not have to be mark free, it must only lack the usual
surface abrasion which comes with normal circulation. Some coins have “bag marks” which come
from the edges of other coins while still in original mint bag.

How do coins perform as an investment?
Answer: Coins can perform well as an investment, depending on their quality and the timing of their
purchases. Coins bought at right grades and complete sets can be easy to sell at a profit.

How do I sell my coins?
Answer: You can sell your coins back to us or another dealer. You can also sell them by way of
auction or directly to other investors.