Coin collecting is one of the oldest and most popular pastimes, which is why it is often called the “King of Hobbies.” I suppose, by way of logic, that would selling coins the king of hobby markets. One can find many US coins which date to the 19th century for under $10 through most coin dealers, where you will also be likely to find dealers who sell estate jewelry, sell gold, and sell sterling silver. Many of those who sell coins are also antique jewelry buyers that conduct gold transactions in pennyweights. 20 pennyweights, or DWT, equate to 1 troy ounce of gold.

A dealer selling coins will tell you, coin grading is a recently developed phenomenon. It was not until the 1980s that grading began happening as a need for buyers and sellers to have a common measure to agree upon regarding a value when selling coins. Coins dated after 1964 hold no greater value than what is on their face, but coins prior to that date are worth more due to their sterling silver contents. Whether you have been collecting coins for years, or are looking to start it up, it can be a profitable, fun way to pass the time.