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2012 February | Coin Collecting

Entries from February 2012 ↓

New Collectible US Currency Pieces

There is something to be said for focusing on all of the different pieces of US currency that go into circulation, whether they are old and rare or new and readily available. Many of the newest coins on the market are actually created with coin collectors in mind, especially those pieces that are part of a larger series. There are plenty of new pieces of currency on the market that follow this trend, much like the quarters that were minted for each and every state in the Union.

There are various new collectible pieces of US Currency that are going to make a perfect addition to your coin collection or paper money collection. Learning more about some of the newest pieces will help you to bring your collection up to date.

America the Beautiful Quarters

US currency has been looking for a new series for quarters since the mint created a new quarter for each state in the Union. The America the Beautiful quarters series recognizes some of the most beautiful locations in the United States.The program started in 2010 with the released of these quarters: Hot Springs National Park, Yellowstone National Park, Yosemite National Park, Grand Canyon National Park, and Mt. Hood National Forest. The program continued in 2011, with the release of the following quarters: Gettysburg National Military Park, Glacier National Park, Olympic National Park, Vicksburg National Military Park, and Chicksaw National Recreation Area. One park was selected from each state, pushing the collection through 2021, as parks are also chosen from American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands.

Presidential Dollar Coins

The Presidential Dollar Coin program is a program designed to recognize and honor all of the presidents of the United States while pushing for greater dollar coin use. The program started in 2007 and will continue on past 2016. The coins are released in the order that the president was in office, with four quarters released each year. The coin features the face of the president on the front and an image of the Statue of Liberty on the back.

$10 Spouse Coins

The Presidents of the United States of America are not the only individuals who are being recognized for their service to the country. The First Spouses of these men are being recognized through $10 coin pieces. The pieces were put into product in 2007 to coincide with the release of the presidential coins, and will continue on through to 2016. In an interesting twist, coins are still created for presidents who had no spouse, as the mint wants to stay in line with the presidential coin release schedule. The image on these coins show Lady Liberty when the president had no spouse while in office.

New $100 Bill

US currency has continued to change, as far as paper money is concerned, as the government works to stop those who try to counterfeit money. The latest batch is the redesign of the $100 bill. This bill features a plethora of security ribbons and watermarks, as well as color shifting ink, with one of the most unique paper money designs ever.

Photo Credits: bradleygee

Originally posted 2011-06-27 03:06:04. Republished by Blog Post Promoter

Military Coins


Coins and Paper Money -> Coins US -> Coins – World

Whether you were once in the military, or you are a collector all of things militaria, military coins are a great and valuable item to start amassing. There are many different kinds of military coins that are currently available and numerous countries put them out. Whether they are meant to raise funds for defense, or simply to commemorate a special date, many of these coins are worth a great deal of money.

If you are interested in collecting military coins, there are a few things you should know before hand. Typically, you’ll find that the coins are divided up by the specific branch of the military for which they are issued. For example, there are military coins available for the Army, Air Force, Navy and Marines. Many collectors like to focus on one specific branch of the service, especially if they have a tie to that branch.

Military coins are also those that are shared between soldiers in other countries. It was a common practice during World War II to swap coins with allies. This gave soldiers a unique memento of their time overseas and these are considered to be very valuable, especially when you consider the overall emotional value of the coin to a collector.

If you want to buy military coins, there are a few places you can look.

Coin Shops

This is probably the best place to get military coins and you’ll be likely to find thousands at these stores. For those looking for rare coins, this type of store is a treasure box full of new finds just waiting to be discovered. Most towns will have at least one coin shop or one located near by. When you are shopping at one of these stores, ask for any certificates of authenticity if possible and make sure that the coins are authentic.

Flea Markets

In many cases, you can find incredible treasures at flea markets and this is also a great way to add to your collection of military coins. Many people will set up specific military related collectible booths, and you can find a good selection of coins. Others will have a more general approach, so you may need to do some digging to find the coin that you want.

Online Auctions

The availability of military coins has increased exponentially thanks to the Internet. You can now find coins from all over the entire world and you’ll have rare access to coins that wouldn’t normally be available in your area. While there is a little bit of risk that comes with shopping online, when you can’t actually view the coin you’re buying, most sellers are honest and will provide you with authentication. It is still a good idea to read up about the coins you want to collect so that you know what to look for.

These auction sites will typically have great deals on military coins and you can easily stock up or complete your collection in just a few minutes when you buy online.

Photo Credits: kevindooley

Originally posted 2008-09-27 14:10:31. Republished by Blog Post Promoter

United States Commemorative Coins

1994The United States Mint gains authorization from the United States Congress to produce what are known as commemorative coins, which are produced rather regularly throughout the years for a myriad of different purposes. These coins are produced to commemorate, to celebrate or to honor people, events, places and institutions for a number of reasons. When it comes to commemorative coins and coin collections, these coins are typically divided into two different eras, Old and Modern. Old commemorative coins are coins between 1892 and 1981, and Modern commemorative coins are coins from between 1982 and present day.

There have been a wide variety of different people that through the years have been memorialized in the form of United States commemorative coins. Benjamin Franklin, Thomas Edison, Leif Erickson, Christopher Columbus and Chief Justice John Marshall are all examples of people that have been commemorated in this fashion. Ulysses S. Grant, Queen Isabella of Spain and Daniel Boone have also been commemorated in this way in the past as well.

There have also been a number of places that have been honored through the creation of commemorative coins, including the White House, West Point and the Smithsonian. The White House was honored with a 200th Anniversary commemorative coin in 1992. The West Point military school was honored in 2002 for their Bicentennial. The Smithsonian was honored in 1996 for their 150th anniversary.

There have also been a number of events that have been honored through the creation of commemorative coins. The Korean War was commemorated in the form of a Silver Dollar in 1991, and then the Vietnam War received a similar Silver Dollar commemorative coin in 1994 after its memorial’s 10th anniversary. These commemorative coins were created not only to commemorate the creation of the memorials, but also to honor the men who died during those wars.

The Statute of Liberty has also been honored through the creation of numerous commemorative coins. In 1986, three commemorative coins were created to honor the Statue of Liberty, including a half dollar coin, a silver dollar coin and a $5 golf coin. The Statue of Liberty is not only a place worthy of being honored, but the commemorative coins are also meant to honor freedom, democracy and the gift from France to the United States represented by the gift of the statute.

Collectors may choose to collect different commemorative coins depending on what concepts their collections are aimed to symbolize. There are commemorative coins for many different purposes including the Olympic games, the bill of rights, World War II, the civil war battlefields, the Bicentennial of the constitution, desegregation at the Little Rock Central High School, the first flight on the behalf of the Wright Brothers and many others. No matter what type of coin collection you are creating, there are commemorative coins that will fit right in.

Photo Credits: kevindooley

Originally posted 2009-06-27 05:43:11. Republished by Blog Post Promoter

Starting a State Quarters Collection

california2005If you have an interest in coins or coin collecting, but you are not really sure where the place is to get started, why not consider starting your own unique state quarters collection?

Collecting coins, especially starting a state quarters collection is a hot topic right now, at least as far as many coin collectors seem to be concerned. One of the most popular types of collections to come along in a number of years is the state quarters collection, especially because this is a collectible item that isn’t rooted in a fad, meaning that you do not have to worry about your state quarters collection losing value or being worthless in the future. Anybody from any age, gender, any income background and absolutely any walk of life can do what it takes to start up a state quarters collection. Is this something that you are curious about doing?

Since state quarters are relatively easy to find, everyone can afford to begin a collection. If you’re on a budget, simply save the ones that you find in your change. You can also buy uncirculated editions from coin dealers or from the US Mint if you are becoming a little more serious about your state quarters collection.

The program that released a state quarter for every state in the United States ran beginning in 1999 and ended in 2008. Five different coins were distributed every year, with intervals of 10 weeks or so separating them. Each state quarter has an individual, unique design that is printed on its reverse side. The quarters were both minted in Philadelphia, Pennsylvania and Denver, Colorado on a nearly 50% each basis.

The quarters that were minted in the year 2000 seem to be the most plentiful batch, as nearly 6.5 million coins were produced in that year alone. The lowest run of production was for the Iowa based quarter, which came from the mint in Philadelphia, as only 213,800,000 coins were made. The largest minting was for the Virginia based quarter, which was also minted in Philadelphia, and had a run of a total of 943,000,000 coins.

According to market research that was conducted in the year 2000 by the U.S. Mint, more than 106 million Americans were participating in some form of a state quarters collection. In April of 2006, it was determined that as many as 140 million collectors had begun to collect their own state quarters collections. This is the kind of collection that you can involve your entire family in if you like, or something that you can do all on your own as well. Because there are so many editions of the coins out there, it should not be difficult to create a complete collection of all 50 quarters.

Photo Credits: KaCey97007

Originally posted 2009-10-16 03:10:42. Republished by Blog Post Promoter

When to Negotiate in Coin Collecting, and When to Back Down

One of the most important tools for you to wield as you engage in coin collecting is negotiation. Negotiating can help to bring down the prices of some of the pieces that you want to have in your coin collection, saving you money and helping you to expand your coin collection as fast as possible. It is important to understand how to appropriately negotiate to make sure that you get the desired results as often as possible.

There are a couple of different rules to follow as you work to negotiate the price of a coin down.  Understanding when to continue negotiations and when to back down will help you as you work to expand your collection.

When to Negotiate

One of the things that you must do before you go in to try to purchase and negotiate down the price of a coin is research. You need to understand the value of the coin and the prices that the coin is actually going for in sales. This information will help you to better understand when you should push for a negotiation, and how strong that push should be. If you see that the price of the coin is much higher than the going value or the actual value, you are going to want to work the price down by a large amount.

You should also negotiate and continue to negotiate when you know that you are only willing to spend a certain amount on a coin. While you should never tell the collector how much you are willing to spend, have this number in the back of your mind. This helps to create your own personal barrier but helps to give you a course for negotiation. If you are only willing to pay a certain amount, you will know when to back away.

When to Back Down

There are certain cases where individuals try to take negotiation too far. They will try to get as much as they can off of the final price of the coin, but do so to their own detriment. Coin collecting owners can easily be offended by individuals who are trying to work the price too low. If you have worked the price down substantially, know that you should back down. If you try to push too far, the dealer may pull out of negotiations altogether, forcing you to take the initial price or to walk away from the coin that you want.

There are some people who are simply not going to feel negotiation and are not going to budge. Some may drop to one price and stick with that price, no matter what. If you push too far, you’ll lose that price. This highlights the importance of understanding when to continue negotiations and when to accept the price that they have given you and take the coin or leave the coin. Your ability to do so may often help you to win negotiations that you thought you may lose.

Photo Credits: kevindooley

Originally posted 2011-02-28 08:32:21. Republished by Blog Post Promoter

Getting the Most Out of Local Coin Dealers

Your local coin dealers are going to be some of the most important people to you and your collection, as far as your coin collecting hobby is concerned. These individuals can make it difficult for you to get the coins that you are looking for, but can also make it easier for you to get the coins that you want for your collection.

You need to make sure that you have a strong connection with your coin dealers to make sure that you get the most out of them. These different tips and tricks will help you to get the most out of them and will showy you why you need to keep that strong relationship going.

Respected Negotiations

If you are trying to get the most out of your local coin dealers you are going to need to engage in some respected negotiations. Dealers up-charge many coins because they expect people to try to work them down. If you negotiate, this shows that you are serious about your coin collecting and that you are actually looking to buy. The more negotiations you have with one coin dealer, the strong the connection and relationship you will have with that coin dealer.

If you are respectful in your negotiations, the dealers are more likely to give in close to the price that you want to pay for coins. When you have a relationship with a coin dealer, you are going to see lower prices.

Help Beyond the Shop

If you manage a strong connection with a coin dealer you are going to find that they are willing to help you beyond what they have at the shop. They will be willing to seek out certain coins for you as they attend shoes and will help to connect you to other coin dealers that they respect and know.

Make Frequent Visits

If you are trying to forge a strong connection with local coin dealers, make frequent visits to their shop. You do not need to purchase coins with value every time that you step in the shop – you can even stop in for some coin conversation and nothing more. Simply show your interested and they will be willing to start to form a relationship with you.

Be Respectful

The most important thing for you to do if you are trying to get the most out of coin dealers is to be respectful. Be respectful of their property and be respectful during negotiations. If you do not show them respect as a coin dealer, they will not show you respect as a coin collector.

These are simply the different things that you can get out of the coin dealers in the area and the things that you must do to keep those relationships going. While you will find more benefits out of relying on coin dealers in your area and will learn what you need to do for each individual dealer, these will help you to start the right relationship.

Photo Credits: littlefishyjes

Originally posted 2011-02-23 08:25:18. Republished by Blog Post Promoter

4 Ways to Figure Out Coin Value

Coin value is one of the many important factors you must take into account when thinking about your coin collection. You need to think about how much the coin is worth to you and how much the coin is going to be worth to others. These emotional and physical values are important when considering how much to purchase a coin for and how much to potentially sell a coin for.

There are a couple of different ways to look into coin value and a few different variables that can affect the overall monetary value of each piece. These four ways to figure out coin value will help you as you start to think about the overall value of your collection and the coins you are interested in.

Check The Condition

The most important thing to consider when looking into coin value is the condition of each coin in your collection. Think about all of the different aspects of coins that could affect the condition – the wear and tear of the coin, the damage done to the coin, and the actual mint location of the coin. Each of these factors will completely change how much each coin is worth.

Look Online

The Internet is one of the greatest places for you to look to try to figure out the value of each coin. You can look at online auction websites and online coin collecting shops to see how much different coins are going for. You can easily take note of how much your own coins are selling for, and how much the coins that you are interested in are going for.

Talk to Collector Shops

There are going to be plenty of different coin collector shops in your area that you can turn to as a way to figure out the coin value of your different coins. Take a look at the values of the coins in the different shops and talk to the owners of the shops. They may try to lowball the value of your coins, but they can give you a decent idea of the worth of your coin.

Check Out Auctions

Actual auctions are the perfect way to figure out the real value of your coin. They will show you exactly how much people are willing to purchase coins for – the real value of the coin. In the end, no matter the “worth” of the coin, your coin is only worth as much as people will pay for it.

Part of figuring out the value of a coin is simply looking at the condition of the coin. You can utilize these other aspects of looking at coin values to actually figure out how much the coin is worth. Every person who is into coin collecting should take the time to think about the value of their coin collection, even if they do not plan on selling their pieces. Knowing the value of your coins may completely change how you approach your collection in the future.

Photo Credits: Le Petit Poulailler

Originally posted 2011-01-19 03:56:53. Republished by Blog Post Promoter

Types of Coin Collecting Software

coinsCollecting different coins is a truly pleasurable and profitable type of hobby or endeavor. Most people who are novices in collecting encounter problems relating to having too many coins, and therefore they do not have an adequate amount of information about the coins that they have or about the coins that they should be collecting. As a result, their coin collections become somewhat dysfunctional in nature. There is good news, however. There are a number of different types of coin collecting software out there that are designed to help you properly organize, sort and maintain your coin collection no matter how small or how large it has grown to be.

Many types of coin collecting software have now been made available to a variety of people throughout the world. It may take some time to get the hang of a piece of coin collecting software, but there are many benefits including the ability to know what types of coins you have, what types of coins you need, and what your coin collection is worth on the market.

There are pieces of coin collecting software that are intended to help you deal with rare coin collecting. They are specialized types of programs that were designed to be used on computers, and they have become truly necessary as tools for monitoring and keeping track of all of your coins, rare or not. These software programs are designed to help you organize, classify, sort and even catalog all of your coins in a fast, convenient and efficient manner. It is important, if you have a coin collection of any type, style or size, that you find the right coin collecting software for your needs. This type of software can really go a long way in helping you to keep control over your coin collection so that you always know what you have, what you need and what your collection is worth above all else.

The availability of different types of coin collecting software makes it possible for hobbyists to spend more time enjoying their coins and less time categorizing and sorting and organizing them. It is also going to provide them with a lot more quality time that will allow them to indulge in a myriad of other additional activities. Technology has really made it possible for collectors of all levels to receive the tools that they require to manage, to sort and to keep tabs on their coin collections so that they can really love and enjoy this important hobby. This means that you can eliminate all of the stress that was previously associated with keeping track of your coin collection and can actually begin to enjoy the collection that you have built up for yourself.

Photo Credits: Bashed

Originally posted 2009-10-27 03:56:46. Republished by Blog Post Promoter

Different Kinds of Coin Dealers

If you are serious about coin collecting you are going to have to work with coin dealers on a regular basis. There are different types of coin dealers out there, each with a unique type of personality. You need to better understand how to work with each of these dealers to be sure that you get what you want in your coin collecting endeavors.

Taking a look at the different kinds of coin collectors out there will help you to be better prepared. You can know exactly who you are working with and exactly how you need to handle the situation to get the coin or paper money that you want.

The Retiree

The retiree is an interesting type of coin dealer, a coin dealer who has truly found their passion in life and wants to spend the rest of their life working with what they love. These individuals are sure to have an incredible wealth of knowledge about the coins that they have, and will be willing to talk to you for hours about the coins that you are interested in.

These coin collectors can be incredibly helpful, and are generally willing to work with you to help you find the coin that you want. These are the coin dealers you will want to start a close relationship with, as they look out for those who they connect with.

The Business Man

The business man is a younger individual who is running a coil dealer shop as a way to make moony off of one of their passions. They are far less likely to negotiate down to a price you are comfortable with, as they are worried more about their bottom line than about actually moving the coins that they have.

The Hobby Man

The hobbits is much like the retiree, but is younger. This individual has an incredible passion for coins, and is more willing to trade for coins or to give you a price that you are comfortable with for a coin. These individuals simply like to move coins, looking to get rid of what they have to be able to go out on the hunt for new coins. These are also coin dealers that you are going to want to start a relationship with.

Each of these different kinds of coin dealers are going to bring a different approach to their coin dealing store. Some of these people are simply in it for the hobby, and are willing to take low profits to help those who are also interested in coins. Others are all about the money, and are going to do whatever they need to do to be able to make money.

Take the time to understand the type of coin dealer that you are working with and play to your strengths in that particular situation. This will help to ensure that you get exactly what you want and that you add the coins you need to your collection.

Photo Credits: Paulimus J

Originally posted 2011-06-17 03:39:50. Republished by Blog Post Promoter

How to Make Your Coin Collection Stronger

As a coin collector, you should know that you can always make your coin collection stronger. Coin collecting is all about improving your collection and making your collection the best that it can be. This comes from the way that you showcase your coins to the way that you expand your collection.

You need to work to understand how you can take your collection beyond the point that it is at now. These tips should help you to understand how you can improve on a collection that you may already be content with.

Diversify with International Pieces

Most coin collectors tend to stay within the bounds of one single country for their coin collection. Many of these individuals also stick with coins that are from their home country. If you want to make your coin collection stronger, work on diversifying your collection with international pieces. There is a wealth of coins out there and different realms of coin collecting that are based on different countries. There is a lot to learn about the currency of different countries and a lot of interesting designs to be found from those countries. Adding these pieces to your collection will give it the range it needs to be larger and more impressive.

Add Paper Money to Your Collection

Many coin collectors stick to coins because of their ease and convenience. Many stay away from paper currency pieces because of the higher prices and the rarity of many of these pieces. If you want to strengthen your collection, you should work on adding paper money to your collection. These pieces are far more visually appealing than coins, giving your collection and interesting and unique look.

If you are considering adding paper money to your collection, you will need to do more research. There are subtle differences between paper and coin collecting, including identifying counterfeits and handling the money with care.

Seek Out Rare Coins

While you may have a strong collection, you may also have a collection that is considered “safe”. The collection does not feature any rare coins and does not feature any pieces of significantly high value. If you want to strengthen your coin collection you need to start to add these expensive pieces to the collection. Take the time to budget out for pieces with higher prices and research these different coins with high values. While it will take more work and cost you more money, it will elevate your collection to a more professional status.

You do not need to take every single one of these tips and put them into play in your collection. Simply choosing one way to make your coin collection stronger will give you a clear direction as you work on your coin collecting skills. Take one an embrace it, working to make it a serious part of your collection. You can then incorporate others when you have made significant progress in that one aspect of collecting. In the end, you will continue to make your collection stronger over time.

Photo Credits: kevindooley

Originally posted 2011-06-22 03:52:03. Republished by Blog Post Promoter

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