"It is never too early or too late to discover coins and the other delights that make up the world of collecting."
-Q. David Bowers
Our hobby thrives on our participation!
Click on APMEX name to see latest gold & silver values!
No Board Meeting July 7th.
The Ocala Coin Club of Ocala, Florida is formed as an educational organization promoting the perpetuation of numismatic study and fellowship for dealers, collectors, educators, and others interested in coins, currencies, and exonumia.
Our next official Board Meeting is Tuesday September 1, 2020
at Stevi B's Pizza Buffet
3101 SW 34th Ave., Ocala 34477
6:00 p.m. order dinner on your own tab. Meeting begins 6:30 p.m. All club members are welcome to join us for the Board meeting and everyone attending is expected to purchase food in exchange for use of the room without rent.
Renew your Ocala Coin Club Membership for 2020! See Jim Niccum at our next meeting!
We've kept the cost of dues for 2020 at $10 per adult member. Young Numismatists, in college and younger just $5. Renew your membership and let's keep our club's 110 members in the new year and grow Ocala Coin Club!
If there is a coin show or a club meeting you planned on attending in July or August, please note: IT IS LIKELY TO BE CANCELLED! Check and confirm before traveling to a show or club meeting.
Stay healthy, keep social distances, and scour the internet! Learn things!
The Lakeland Collect-o-rama is NOVEMBER 19-21, 2020. This show is rescheduled for later in the year. Please adjust your plans if you are a Lakeland show attender!
Click here to see Stevi B's menu.
The Ocala Coin Club announced the cancellation of the July 28th club meeting this month
Our next scheduled meeting is Tuesday, August 25th. We are aware of the recent spike in the covid-19 virus. With many choosing to remain separating from other in groups, the Board agreed to cancel the July meeting. We do look forward to next month! Stay safe and protect yourself.
-President Mark Trout
The A.N.A. World's Fair of Money for August 4-8, 2020,
is officially CANCELLED. Another major coin show falls victim to the coronavirus. It will not be rescheduled for later in the year. Look ahead to 2021.
Seven Steps to Smarter Coin investing
While we hear about the investment risks of all kinds but we hope that we can be successful when it comes to our hobby of coin investment. There is no way to eliminate ALL risk, but there are some ways to reduce the odds against you and maximize your potential gains. These seven suggestions are meant to help. The list is not inclusive of every situation, but there is some valuable guidance here.
#1. Learn all you can before you buy! Use the internet, buy books, read numismatic periodicals. Take in as much information as you can and then make decisions about what you are going to buy.
Ocala Coin Club meeting on the 4th Tuesday at The Coleman Center, 2001 SE 32nd Ave. Ocala
We express our condolences to John German in the passing of his wife and our club member Pat German. She was an avid collector of Olympic Coins, and all things "ice skating."
Our sympathy is extended to Fran Hertz at the passing of her husband Ray Hertz, Numismatic speaker, F.U.N. educational program person, and member of the Greater Jacksonville Coin Club. We will miss Ray and his presentations.
Let us know by email if others are ill, hospitalized or pass away. We appreciate knowing about our members.
Bill Gifford from Legacy Coin Company in Palm Harbor reports 17 year-old Carsyn Davis, passed away from Covid 19. She was a member of the Young Numismatists club and helped at the F.U.N. show. Our prayers for the Davis family.
The F.U.N. website if full of useful information. The A.N.A. Moneytalks programs are excellent sources. Consult our website library, or even our club's library resources. There are many places from which to secure knowledge. The best collector is an educated collector!
#2. Become an expert on grading. There are grading services that you can use and trust, but nothing beats your own ability to study and evaluate the coins you wish to purchase. The grading courses offered by the A.N.A., the programs offered at coin club meetings, and the ability to read and study coins at con shows can make you an exptert in grading the coins you like.
#3. Buy the best material you can afford. A coin in MS-60 may be worth $10, but in MS-65, 66, or 67 may be worth 10 or 15 times more. If you can't grade, you can't get the best coin. Coins vary in price but also in worth. Learn what is worth the money you choose to spend. Sometimes an AU-55 or AU-58 is actually better looking and worth more than an MS-61, 62, or 63. Pay attention and select the best you can afford, not the highest price in the dealer's case!
4. Don't play follow the leader. Stay away from "whatever everybody else is buying!" If it's popular, it's price is up but necessarily its value. Buy the unusual, the less popular, and buy with knowledge because you know its potential value.
#5 Be careful about new government sets. Not every new mint product goes up in price! More often, they go down! Watch what dealers feature in their ads and find the less promoted ones.
#6 Diversify your con collection. It's OK to have a specialty, but don't think that you can corner the market. Consider currency, copper coins, and gold. Maybe you can't buy as much, but if you spread your investment , and thus the risk, you will more likely make positive gains.
#7 Adopt a five-year plan. Don't buy today and sell next week. Unless you are a dealer buying everything at l wholesale or less, you will need as a collector, some time for your purchases to increase in value and minimize the risk.
Here is a capsule of seven steps to consider as you purchase and and increase your numismatic holdings. These may not make you rich, but they will help you reach your goal in coin investments!
[Material condensed from Ed Reiter's article in the May 1983 Coinage Magazine.]