Failing to thoroughly research coins before making purchases can lead to overpaying for common or low-value coins, or missing out on valuable coins altogether.
Neglecting to consider the rarity of coins can result in overlooking valuable pieces or investing in coins with little potential for appreciation.
Purchasing coins without proper authentication increases the risk of acquiring counterfeits or altered coins, potentially costing you a significant amount if discovered later.
Overlooking the importance of coin condition can lead to paying high prices for coins in poor condition, which may be difficult to sell or worth significantly less than their higher-grade counterparts.
Making impulsive purchases without thorough evaluation or research can result in overpaying for coins or acquiring pieces with undisclosed issues .
Improper storage of coins can lead to damage or deterioration over time, significantly reducing their value or even rendering them worthless.
Investing too heavily in a single type of coin or series increases the risk of losses if that market experiences a downturn or if collector preferences shift.
Disregarding current market trends and collector preferences can lead to missed opportunities or investing in coins that are declining in value, ultimately costing you a fortune in potential profits.