Some people, often those that do not have enough money to invest in the more common stocks and shares, opt to invest in what are known as penny stocks. So what are penny stocks and why can people with small amount s of money invest in them? Basically penny stocks are shares in smaller companies, companies whose total value means that shares in them are only usually worth a few pennies as opposed to the dollars that the blue chip companies can ask for their shares. These smaller companies from time to time also need to raise capital and so they offer shares but can’t ask so much for them as their total value is often less than $50 million. Just like the large shares though, these penny stocks can fluctuate in value and so that is how investors can make or lose money by buying and selling them. Some people have referred to penny stock investing as more of a gamble than an investment and the reason why they say this is because they are shares just the same as shares in large companies, as the penny stocks do not appear in the large stock markets like the NASDAQ and NYSE, they do not come under the jurisdiction of the SEC (Securities and Exchange Commission) which means that they are not necessarily required to divulge a certain amount of information on themselves so investors can know the company they are investing in. Without not necessarily knowing about a company you are investing in, you are perhaps making a blind investment or what some people call a gamble. This may be true but that has not stopped some people from making a killing by trading in penny stocks as some have become what are known as penny stock millionaires. However not all traders in penny stocks do so well as figures show that only 10% of penny stock traders actually make a profit with 90% of traders losing their investments. It is possible though that a penny stock investor makes some investments in a small company which later grows to become a large corporation and if that happens, the investors share prices will of course go up considerably. As the share prices of these small companies do only cost a few pennies as opposed to several dollars, it means that you can start investing in penny stocks with as little as perhaps $50 and hopefully grow you amount from that. As the penny stocks do not appear in the larger more well-known stock markets, you will have to know how to invest in them but the easiest way to do so is to find a stock broker that deals in penny stocks as they will have all the answers and can make the investments on your behalf. Not all stock brokers deal in penny shares but there are some that do and so all you need to do is look around and find an appropriate one for your requirements.
Morgan dollars are one of the most popular coin varieties among coin collectors. One of the reasons why is that it sells in a reasonable amount. It is not overpriced, but at the same time its value is a good investment. It is also one of the most beautiful coins, and there is a rich history behind it.
Before buying, as with any investment, research and study should be done to gain enough knowledge and understand the terms and basics that go with collecting coins. It is good to have a background in the history of the Morgan dollar, its evolution, production and other significant historical events that may be vital information when buying the coins. The smallest difference in coins may also be used as basis for a collector to determine the authenticity of a coin. Study the different grades that are in this kind of coin variety and familiarize yourself with those that you really want to buy.
Research should also be done for purposes of finding the right dealers to buy the coins from to ensure that the coins to be purchased are the authentic ones. There are a lot of fraudulent and counterfeit coins nowadays so it is wise to be well informed about coins and their characteristics. If possible, only do transactions with certified dealers to be sure that you are not going to be fooled with fake coins. It is also helpful to look for people you know who have previously bought Morgan dollars and ask where they bought them.
Another point to consider is the storage of the coins. If you have a big collection, or are planning to acquire a large collection, it is best to have a safe and secure storage to place your coins. There are a lot of kinds of storage available, you only need to read up and decide on which you will use for your Morgan Dollars. Keep in mind that these coins are of great value and may as well be an investment that you can use in the future if you need to. That is enough reason to not take the storage of these coins lightly and ensure that you have the best protection possible for your collection.
As with any collection, it is important that you are always aware of the trends in the selling and trading of these Morgan Dollar coins. If you intend to keep it only for a certain period of time and eventually sell it in the future, it is best to keep yourself updated with the trends that happen in the coin collection circle. This would also be helpful in knowing when the best time will be to sell your coins, and to what price you should sell it for. It is also recommended to have contacts in the circle of coin collectors and dealers so that you can easily ask around and get information about these trends and price changes should you ever need it in the future.
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