I Asked ChatGPT To Explain How To Make Money on Valuable Coins Like I’m 12 — Here’s What It Said

ChatGPT remains the most famous of all generative AI LLMs (large language models), now capable of also creating high-quality images — sometimes with an extra hand, leg, finger or toe as the kinks continue to be worked out — and video clips, the latter provided via OpenAI’s Sona model. Its functions can be used in a variety of ways to make money .

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Those interested in coin collecting, or simply in identifying potentially rare coins in the wild or in your change purse, may be interested to know how ChatGPT might offer advice to beginning numismatists, a fancy word for coin bugs.

So, GOBankingRates asked ChatGPT: “Explain how to make money on valuable coins like I’m 12.” Here’s what it had to say .

‘Learn What Makes a Coin Valuable’

The first step provided by the AI model was to ensure one familiarizes themselves with the basics of coin value , with ChatGPT providing a brief breakdown of four distinct themes to be aware of.

ChatGPT noted that not all coins are worth anything more than face value, but common reasons why they might be are listed below:

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‘Start Looking Through Coins,’ But Not Before Using a ‘Coin Guide or App’

ChatGPT, keeping in mind — or, rather, in its circuitry — that it was ostensibly speaking to a preteen, then advised the hypothetical questioner to begin searching through coins at home, in their piggy bank, at a coin shop or at a coin vendor’s booth at a flea market .

But, as the AI agent cautioned, it’s best to arm yourself with a reputable coin guide — it mentioned the red book, or the latest revision of the “Official Guide to United States Coins,” which is probably an AI-mistitle of “A Guide Book of United States Coins” by Jeff Garrett — or a coin app, with PCGS CoinFacts being brought to the fore, before doing so.

A common refrain in the hobby of coin collecting — “buy the book before the coin” — was cited by ChatGPT, linking to comments made by John McFarland for the American Numismatic Association.

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