New York, NY (PRWEB) February 14, 2006
Consumer advocate Scott A. Travers reveals trade secrets on how to make money and avoid mistakes in the $3-billion-a-year rare coin marketplace in his new book, The Coin Collector's Survival Manual, Fifth Edition (Random House, New York 2006).
The New York Times praised Travers as "the preeminent consumer advocate in the numismatic field" and "the Ralph Nader of numismatics." His latest book from Random House gives both novices and seasoned collectors insider information on the latest trends in the boom market of coin collecting and investing. There are 1,200 consumer protection caveats offering readers time-tested advice on how to buy and sell coins profitably, whether it's a valuable item found in pocket change or multi-million dollar rarities at auctions.
Illustrated with more than 260 state-of-the-art digital color and black and white images of coins, this 400-page guide packs a powerful, one-two punch for consumers. It combines a thorough update of earlier editions of The Coin Collector's Survival Manual with another of Travers' seven acclaimed books, How to Make Money in Coins Right Now.
Both were bestsellers in their own right, and now both are available together in a single, updated and timely volume. Among the topics covered in the new book:
- How a small difference in a coin's grade (condition) can mean a huge difference in price.
- How to capitalize on the gyrations of gold prices when buying collectible gold coins. What coins you should buy when gold is moving up, and how to minimize losses when gold prices are falling.
- Exposing the pitfalls and avoiding the dangers of ignorance when buying coins through online auctions.
- Detecting altered, counterfeit and "doctored" coins.
- Knowing when to buy, when to sell, and when not to do anything.
- Comprehensive discussions by leading experts about taxes and tax consequences on buying and selling numismatic items, including record keeping, estate planning secrets, retirement plans and in-kind exchanges.
- Security issues now facing collectors and investors after 9/11 and natural disasters, such as Hurricane Katrina.
"This is the most important book I have ever written. It will help thousands of people make or save money," said Travers, president of Scott Rare Coin Galleries, LLC, of New York City (http://www.PocketChangeLottery.com) and former vice president of the world's largest coin club, the American Numismatic Association.
The Coin Collector's Survival Manual, Fifth Edition ($22.95; ISBN: 0-375-72127-4) is available now in bookstores everywhere, or ordered online at http://www.randomhouse.com or from Amazon.com.