Entries Tagged 'Coin Collecting' ↓
February 15th, 2012 — Coin Collecting, paper money, Russian Rubles, world coins
The Russian ruble collector is likely someone who doesn’t just love coins, but has an interest in Russia’s heritage as a country. One of the problems with purchasing rubles is that counterfeiting has always been a common thing with Russian coins. And not just to produce fake money to use, but rather to simply copy a design for novelty. If you find one of these “authentic forgeries” you’ll probably pay quite a high price, as they’re valuable today. But other counterfeits, like circulated coins, are worth nothing.
The Russian ruble is also represented with paper currency, which saw less counterfeiting than the coins. It wasn’t uncommon for the early rubles of the 15th century to be counterfeited by the people, as they were merely oddly shaped bars of silver and easily reproduced. When coins were minted with designs, forgery became more difficult for common people. But the wealthy often ordered coins reproduced for them to keep as collector items.
One way to spot these collector forgeries in a Russian ruble is to look at the edge. Often there will be markings on the edge that you won’t find on an authentic Russian coin. Because these forgeries weren’t created for the purpose of purchasing goods, but instead to be kept as collector items, they’re usually in excellent condition and are very valuable, though they have no worth as currency.
Another way to detect a forged Russian ruble is to learn a little about the history of Russia and her coinage. With a little bit of reading and research, you can spot which rubles are the most rare and unlikely to be found in large lots where people buy coins, either from collectors or in places like eBay online.
The rarest Russian ruble, for instance, is one that coin collectors might want to own, even though it’s virtually impossible. The silver Constantine is the rarest. Only a few are known to be in existence, and the last genuine Constantine was sold for the largest price ever earned by a single coin in auction.
The value of this coin springs from the fact that the Russian ruble was minted when it was believed that Constantine would take over power after Alexander’s death. But Constantine abdicated the throne, after some coins were already created. For collectors who like the history behind this particular coin and would like it represented in their collection, a reproduction can be found for an affordable price, just to have as a novelty.
A ruble can be a great piece for a coin collector or even someone who collects things representing Russia’s and the Soviet Union’s diverse history. Whether paper rubles or coins, the designs on both show some of the best Russian engraving art created. The ruble isn’t much of an investment for its currency value, as the value is low compared to other world currencies. But as a piece for a coin collector or someone interested in Russia’s history, a Russian ruble can be a valuable part of a collection.
Originally posted 2008-12-25 05:00:25. Republished by Blog Post Promoter
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Collecting Coins of the World Start with your pocket change Start out by studying coins you pull from your pockets, or failing that, some old coins from your attic, on your floor, or out in public. As a novice coin collector, it makes no sense to spend a lot of your money on coins if...... -
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5 Tips to a Strong Future Coin Collection Most of the individuals who get into coin collection focus on the coins of the past, as they want to make sure that they have the best coin collection possible at that very moment. They want to have an impressive collection that satisfies their immediate need for gratification. Those who...... -
1925 Coin Penny Coins & Paper Money -> Coins: World -> Australia The 1925 coin penny is the 3rd rarest copper coin from Australia. According to records from their Royal Mint, this coin was struck late in the year to make sure that Australian merchants had plenty of pennies during the Christmas season....... -
World Coins Money -> Coins: World Collecting world coins is a rewarding and fascinating hobby. The first official coins were struck around the 6th century BC in Lydia, though metals used as a type of currency far pre-dates that, to Mesopotamia somewhere between 1500 and 2000 BC. Ancient coinage is fascinating, with......
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How to Not Take Care of Your Coin Collection Your coin collection can easily be your pride and joy â you like looking at all of the different coins that you have found for your collection, and like showing them off to others. If you take pride in your collection you are going to want to make sure that...... -
Discover the Secrets of Coins World Collecting money is something which has been enjoyed by many different kinds of people all throughout history. Some might have collected because they liked the designs of currencies. Others might collect because of an interest in history or because they are looking to make a profit. Of the many ways...... -
Everything You Need to Know About Being Numismatic Anyone who considers themselves a numismatist is someone who cares deeply about coins. If you are a numismatic, you are someone who loves to study coins and loves to collect these coins. The level of coin collecting that these individuals reach for on a regular basis is more than what...... -
How to Use a Coin Guide When Buying Coins Buying coins can always be a haphazard venture. This is because there are many pitfalls which you can face along the way. You can run into coins which are fakes, coins which are graded incorrectly and coins which are priced well above what they should be. It is important that...... -
What to do Before You Sell Coin Collection Collecting coins is a great way for you to be able to make the most out of a hobby which is about as old as coins themselves. There are a few different stages most people go through when they have a coin collection. They will go through starting the collection......
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February 14th, 2012 — Buying and Selling Coins, Coin Collecting
Collectors are constantly looking for a new direction for their hobby and their collection. There are many who get into coin collecting by collecting some newer coins — many even stay within a few decades of coin collecting years, as the pieces are simply easier to find. At some point, serious collectors decide to move on from something simple and move into collecting old money.
The approach that you must take to old money is different from the approach that you have probably taken for the rest of your collection. There is an art form to collecting old money, a system that is going to help you to be as successful as possible. If you are looking to add collecting old money to your coin collecting skills, these steps will help you out.
Make Friends
The first thing that you must do in your hunt for old money is make friends with different coin dealers in your area. You want to start a relationship with them and want to start to get to know them. They may have a passion for old money and will want to help you in your coin collecting ventures. They will be more likely to help you search for coins and pick up the coins that you want if you have a good relationship with them.
Do Research
Research is an important part of collecting any type of currency, but is of utmost importance when hunting for old money. You need to understand everything from mint condition to value when looking for the money. You will also want to research counterfeits, as it will help you to avoid them as you search for the money.
Have a Budget
If you want to be a successful collector you need to work with a budget. While it may be tempting to break this budget for old money, you need to stick to your allotted spending. This will help to make sure that you know what monies are in your price range, and will keep you reigned in as you are immersed in a world of rare and expensive currency.
Negotiate
One important aspect of coin collecting is negotiation. This continues to be important for those who are working to collecting old money, as they want to be sure that they are getting a fair price for the money. You need to know what a reasonable price for the coin is and work to get the price down to that level. This helps to keep you from over-paying for old money.
Collecting old money is not as simple as collecting recent money. You need to think about the way that you are seeking out the money and need to research to be as knowledgeable as possible. All of these steps will make it easier for you to find what you are looking for. If you work to follow these different tips and steps, you are simply more likely to find the old money that you are looking to add to your collection.
Photo Credits: Roger Smith
Originally posted 2011-05-23 03:56:37. Republished by Blog Post Promoter
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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...... -
The Benefits of Getting Kids into Coin Collecting Parents will often push kids into different forms of collecting, like coin collecting, because they understand the significance of the hobby. Each type of collection has specific benefits, benefits that can give your child far more than simple monetary value. There are a wide variety of benefits to be had......
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The Best Places to Buy Old Money and Coins If you are into collecting, there are many different things that you are likely to want to collect. If you are into collecting currency, it is important to know what you are doing. This is especially true if you are looking to buy old money and coins. This is because...... -
The Art of Negotiation for Coin Collecting Coin collecting is one of the more interesting forms of collecting in the world. Individuals are focused on getting the currency that they want by offering up large sums of money. This style of trading money for money is interesting and unique, featuring a unique style of negotiation. There is...... -
What You Need to Know about Collecting Money from Around the World Collecting money is something that a lot of different people enjoy for a lot of different kinds of reasons. These different reasons might be that you enjoy the challenge of finding the different things that you add to your collection. It might also be that you enjoy learning about the...... -
5 Tips for Collecting Old Coins Old coins are the hallmark of any serious coin collection, providing history, rarity, and intrigue to the collection. Every coin collector should be on the hunt for old coins, even if they are still new to the hobby. There are some tips that can help you to find old coins...... -
Perfecting Your Hunt for Paper Money Paper money collecting is slightly different than coin collecting, requiring a patience and focus that many do not understand. Collecting paper currency is something that requires care and skill, with plenty of different nuances that you must perfect to be able to get the paper money that you want. There......
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February 14th, 2012 — Coin Collecting
The Royal Canadian Mint is sponsoring ‘The Face of the Games’ on the wake of the Winter Olympics to be held in Vancouver this year. The aim of the event is to find an ultimate Olympics Fan
The event will select two lucky winners who will get their face embedded on a coin on 100 medallions each. The coins will be exclusively designed comprised of the faces of winners on one side and the other side will contain VANOC/Mint logo.
The grand and luckiest person will be awarded with a trip to Ottawa for two people on or near the Canada Day. The winners will get the prize directly awarded from the Mint. The event will also award four runners up who will get Mint sponsored prizes worth $500 each.
There are two ways to enter into competition:
1. Submit a short video of yourself (which is of 30 seconds) or,
2. Submit a photo or short essay (up to 250 words)
The entrant must clear in his entry that why he or she must be chosen as the Ultimate Olympic Fan for the upcoming Winter Olympics. The winner will be decided by the number of votes won by him. Social networking sites like Twitter, Facebook, Orkut are the best way to spread the word about your participation. The entrant is supposed to log on at the face of the Games site and upload the prerequisites for the event. The contest runs live until March 21 and the contest opens today. Last but not the least,
Thanks to Canadian Mint for this great and unique opportunity.
Details here: http://face.mint.ca
Originally posted 2010-02-15 19:30:59. Republished by Blog Post Promoter
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February 13th, 2012 — Coin Collecting, Coin Collection Value, Rare Coins
The wide variety of coins and paper money that can be added to your collection come in the forms of both easy-to-access money and rare coins. Rare coins are a special part of coin collecting, providing individuals with goals to set and coins to chase.
There are some coins that are more rare than others, making them more elusive and more interesting. Having information on these coins will help you to understand their history and to understand exactly what is so unique about the coins. These are just some of the rare coins that you may want to add to your collection.
1943 Copper Penny
Wars tend to bring out interesting pieces of money for collectors, and the 1943 copper penny is no exception. The penny was created during the Second World War – a time when copper was rationed. Most were made out of brass and steel, but some were made out of bronze. Those that were made out of a bronze/copper alloy are incredibly rare.
Morgan Silver Dollars
Morgan Silver dollars come from a wide variety of years, ranging from anything from 1879 to 1921. These are considered to be some of the strongest coins for coin collectors in the United States and abroad. For one, the coin is known as incredibly rare. No matter the year, these different coins are hard to get a hold of. And add to your collection. There are some that are harder to get a hold of than others, like the 1895 Morgan Silver Dollar. These coins generally did not see circulation, meaning that most of them are in mint condition. This simply raises their value and cost.
The $20 Double Eagle
The United States minted Gold Double Eagles, coins that were worth $20 and were made out of a 90% gold alloy. The coins were put into circulation from 1850 to 1933. These coins have become incredibly rare, and are some of the most sought after in the world. The 1933 has the special distinction of being the hardest to find. This was the final year of the Double Eagle, a year that was never supposed to actually see circulation. Anyone who holds this coin will hold a pricey piece – the last coin found went up for auction and sold for nearly $8 million.
You do not need to try to add these coins to your collection to be able to have a good and strong collection. These are simply some of the coins that serious coin collectors enjoy hunting for. These are prized possessions that are for those who are serious about coin collecting, looking past values in an attempt to simply have coins that make them happy. If you want to have a collection that makes you satisfied and engaged, look into these rare coins and find the ones that you would like to hunt down for your collection.
Photo Credits: jwinfred
Originally posted 2010-12-27 03:00:05. Republished by Blog Post Promoter
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February 13th, 2012 — Coin Collecting, Coin Collection Value, Coin Value
When you are deciding whether or not you would like to add a specific coin to your collection, one of the things that you are going to want to take into account is rare coin values. The rare coin values that you find will ultimately be determined by availability of the coin, demand on the coin, condition of the coin and also the grading for the coin.
Demand and Availability
The demand on a specific coin is going to be capable of significantly increasing the rare coin values. A common coin which is prized highly by collectors is going to have a much higher value than common coins that are sought by fewer collectors. Rare coin values often come from the fact that rare coins have much higher levels of demand in comparison to other common coins.
For example, despite their age, some older Roman and Greek coins are relatively inexpensive in nature simply because they are so abundant. You should also keep in mind that the current availability of the coin is not indicated by the number of coins that was actually minted, as there are situations where coins are destroyed or become lost, affecting the availability of the coin.
Condition
Just a very small difference in a coin’s condition is capable of making a really large difference in its price. Coins that have been used as currency can become worn naturally, and so uncirculated coins are generally capable of fetching a much higher price in comparison to the coins that have been circulated.
For example, a 1913 Buffalo Nickel that was uncirculated has been known to fetch 10 times more in mint condition than a similar coin that is no longer in mint condition because it was circulated.
There are a number of grading services that evaluate the condition of a coin in order to confirm its authenticity and value. There are four factors that are used to find rare coin values, including:
- Strike – Coins that are well struck are coins that have a distinct impression in their metal.
- Visual Appeal – Some coins have a luster that is soft and satin while others are more reflective in their surface. Some coins are actually colorful while others are plainer. Make sure that you are aware of what appeals specifically to you before you make a purchase.
- Luster - Dull coins are not as appealing as bright and dazzling luster. However, coins that have been doctored or cleaned are generally avoided by many serious collectors. If you find a coin that has a bright luster despite having been circulated, it has more than likely been polished.
- Wear - Deterioration can significantly decrease a coin’s value, including hairlines and contact marks. Wear is going to first occur on the coin’s highest points in most cases.
Photo Credits: gemteck1
Originally posted 2009-09-24 03:57:16. Republished by Blog Post Promoter
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February 12th, 2012 — Buying and Selling Coins, Coin Collecting
There are several important and interesting pieces of information that can make starting a coin collection much easier and more fun. The best thing for anyone who is considering entering into the world of coin collecting is to do a little research before they begin a collection. It is even a good idea to do some research before one starts to buy the supplies that need to start collecting coins. This is because the more one knows about the art, culture, and technical information regarding collectable coins the more likely they are to be successful coin collectors.
Most of the research one needs to just get stated on creating a coin collection can be done independently. This is because coin collecting has been a serious hobby for some time now and therefore there are many experts on the subject. Many of these experts have created various materials and teaching tools to help those who are getting into the exciting world of collectable coins. This means that the first steps in learning about this type of collection can not only be easy, but they are also quite affordable.
Books to Read
Several of the experts who are recognized as being experts in the world of coin collection have written books on the subject. There are many experts who have written books to make collecting coins easy for those who are just starting to build their collections. Many of these books can be found at your local library. If you are looking for specific books, and you want to obtain a book to keep as reference, you may want to look in your local book store instead. The books you will find on coin collecting basics are generally inexpensive and can be a very wise investment. This is because the information in these books can help you save money and even help you earn money with your future collection.
Looking Online
Many coin collecting enthusiasts have been making use of the internet these days. Some experienced, and even professional coin collectors, are now writing blogs or offer public forums to answer questions about coin collecting. There are even some coin collectors who have begum to offer online video series for those who have just started a coin collection. Now matter which if these internet tools you may you use, there is one thing you will want to look for in all of them. You will want to make sure that the coin experts you are getting your information are independent. Those who are not may really be trying to sell you their coins or other services. This will ensure that the information you getting is real.
Attending Seminars
Some expert coin collectors have been known to hold coin collecting seminars. Many of these collectors and even some coin vendors hold their seminars about how to start a coin collection at coin trade shows and related events. These seminars and classes can be a great way for new collectors to get information and have their questions answered on the spot by coin experts.
Photo Credits: Mrs Logic
Originally posted 2011-06-06 03:02:01. Republished by Blog Post Promoter
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February 12th, 2012 — Bullion, Coin Collecting, Silver Bullion Coins, US Coins
American Silver Eagles have been minted in the United States since 1986. These are the official silver bullion coins of the United States, guaranteed to contain one troy ounce of silver that’s 99.9% pure. A troy ounce is actually slightly heaver than a typical ounce of weight, because it’s not measured by weight but rather by grains. A grain is a unit of measure used where absolute precision is crucial, as in archery to weigh arrow heads, and in ballistics to weigh powder and bullets. An ounce is between 28 and 29 grains, and is a very specific number that goes out to 9 decimal places. A troy ounce is over 31 grains, in a number that goes out to 7 decimal places. A troy ounce is the measurement always used for black powder, precious metals and gemstones.
Silver Eagles have their one troy ounce weight and silver content certified by the United States Mint, and are authorized by the US Congress. A proof version of these coins is produced specifically for collectors. These coins have been produced by three mints. Coins marked with a P were minted in Philadelphia, with earlier coins bearing an S for San Francisco and the most recent silver coins marked with a W on the reverse side, which stands for West Point.
The front or obverse of Silver Eagles is based on the “Walking Liberty” design that appeared originally on half-dollars minted between 1916 and 1947. Designed the Adolph Weinman, it became a favorite and one of the best-loved coin designs in American history, so it was chosen for the Silver Eagles. The back or reverse of the coins feature a heraldic eagle.
The face value of Silver Eagles is $1, but the silver content causes the value of these coins to vary with the markets. Because of the different minting, it’s best to look into reference books to find the value of any coins you’re interested in purchasing. Because these coins have been struck in such huge numbers, the value is often not as high as one might expect, even for proofs. Most can be purchased for $25, with that number fluctuating along with the silver market prices. Some years with lower minting can go for over $100, and the boxed anniversary set issued in 2006 that went for $100 each now commands over three times that, because only 250,000 were created. Some rare dates can cost thousands of dollars, but without an up to date reference book it’s difficult to know which are more valuable.
When looking at Silver Eagles do your research and become familiar with the more rare coins, and those which can be found almost anywhere. As with most things, eBay is an excellent source for Silver Eagles of the more rare varieties. One good strategy for investors is to buy the current year’s Silver Eagles and work your way backwards through the years. This can make the collecting more fun and interesting, and give you time to investigate the more valuable minting and dates.
Originally posted 2008-12-14 14:00:32. Republished by Blog Post Promoter
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February 11th, 2012 — Buying and Selling Coins, Coin Collecting, paper money
Any time you collect things, there is a time in which you will have to sell them. This is never easy as you might have an attachment to the piece itself or you may just have a difficult time making sure that you are getting the right price for the piece that you have. Whenever you are getting ready to sell coin paper money, there are a few things that you will have to keep in mind. This will help to make sure that you are getting the right value as well as making sure that you will not be haggled on the price.
In order to make sure that you are selling anything from your coin paper money collection correctly, you will need to make sure that you are first getting the grade right. Additionally, you will need to make sure that they are properly protected. Of course, you should also know where it is that you will be able to sell these things at. This will help you to be able to get the kinds of prices that you are looking for on your collection. You will not have to worry about getting ripped off in the process.
Get Your Collection Graded
It is possible for you to grade coin paper money at your home with some degree of accuracy. There are books and websites which are dedicated to helping you with being able to determine the value of certain things. They will tell you about what kinds of characteristics to look for which will change the grade. Of course, still the best way that you will be able to grade your coin paper money collection is to make sure that you are having it graded by a professional organization like PCGS.
Protect Your Collection
If you have your coin paper money collection professionally graded, they will often protect them in a sealed container for you. Of course, there are other kinds of containers that you can buy for paper and coin currencies. These will help to make sure that the value of the currency will be able to remain the same. It will also help you to be able to assure those that you are selling to that you have taken every step to make sure that the currency remains in the best condition possible.
Where to Sell
Of course, the most important part of selling anything is actually selling it. This is why it is a good idea to know where you can easily sell items from your coin paper money collection. One of the best ways that you will be able to sell these is in person to another collector. You can also sell at collector’s shows. Additionally, you can sell them to collector’s shops which might exist in your town. If you choose to sell online, make sure that your coins are professionally graded so there will be no way to dispute the value of the currency that you are selling.
Photo Credits: montuno
Originally posted 2011-06-08 03:05:36. Republished by Blog Post Promoter
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February 11th, 2012 — Canadian Paper Money, Coin Collecting, paper money
Canadian paper money has an interesting history. If many of us were handed an example of the first Canadian paper currency, we wouldn’t recognize its significance. That’s because the first bills issued in Canada weren’t printed bills at all because paper was an expensive and somewhat scarce commodity. In 1685, Jacques de Meulles,the intendant of the French colony in North America, needed money to pay troops. He gathered playing cards, signed them, put his seal on them, and distributed them. He made this card money legal tender and required merchants to accept them. The rarity of these cards today make them highly valuable, so they’re generally only found in museums.
Canadian paper money issued in the 1800s is unique in that different bills were issued by different provinces. The Island of Saint John (later known as Prince Edward Island), Nova Scotia, British Columbia, Newfoundland, Canada and Alberta issued separate bills. All of these monies are rarely available to collectors, including British Army Bills that were issued between 1813 and 1818 as a an emergency because of The War of 1812. They’re all highly valuable and extremely rare, though occasionally Newfoundland bills and some Alberta bills from 1936 become available. Municipal notes, like those issued beginning in 1821 in Saint John, New Brunswick, are also very rare and hard to find.
Bank notes are the most readily available collectible Canadian paper money, though certain specimens are still very difficult to find. But bank issues are the best place for beginning collectors to start, and the best way to enhance an existing collection. Proof and specimen notes do show up in auctions occasionally, but they’re very rare and command high prices. Notes with the lowest serial numbers were usually kept as souvenirs by banking insiders, making them rare and valuable today.
Notes issued during 1837 and 1838 were often distributed by merchants who were sympathetic to the Patriots, because there was a limited amount of coins in circulation. These are great for Canadian paper money collectors, especially those interested in Canada’s history. They’re readily found in online auctions in varying conditions, and while some specific examples might be rare, even these usually spring up and become available at less cost than other rare types of notes.
While they never had monetary value and weren’t technically Canadian paper money, notes issued by business colleges in the late 19th century and early 20th century were used during training. And merchant advertising notes that also had no value, but are also an interesting part of Canadian history, are highly collectible today.
Old Canadian paper money can rarely be found in anything better than fine condition, with most of the older and more scarce bills usually in much worse shape. When looking at money to purchase, certainly the condition is important, but since so much of the older currency is in less than fine condition, a collector shouldn’t pass up the opportunity to purchase even a worn but older and possibly hard to find bill.
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Originally posted 2008-10-12 14:00:05. Republished by Blog Post Promoter
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February 10th, 2012 — Buying and Selling Coins, Coin Collecting
For many, the hardest part of a hobby is actually getting that hobby started. This couldn’t be more true than it is for those who are looking to start a coin collection. With thousands of different coins available to collect, it can be hard to understand where to start or know how to start.
There are a few different things that you can do to get a coin collection started. These tips are going to help you to start a strong collection that will be easy to grow and expand. Each of these four tips is important for a different reason – be sure to understand and consider each of these steps.
Set a Starting Budget
One of the biggest mistakes that someone starting a coin collection can make is blowing their entire budget on one coin when they start their collection. These individuals get excited about super rare coins or coins of high value and pick it up. They fail to realize that part of the fun of coin collecting is picking up multiple coins and continuing the search for a new coin. If you spend all of your money on your first coin, you will have nothing to look forward to until you have more money. This can kill your momentum and your drive for new coins.
Talk to a Coin Collector Shop Owner
It is important for you to gain knowledge of the world of coin collecting as you work to start your own collection. Talk to a coin collector shop owner about starting a coin collection. They will be able to teach you as much as possible about things like coin values and counterfeits, helping you to make smart decisions as you look to start your collection.
Plan Your Collection
While it may be tempting to simply jump into coin collecting, you need to have something resembling a plan of attack. Think about coin values and the type of coin collection that you want to have. This will help you to plan your collection out. You will be able to see what coins you are going to collect, helping you as you budget for future purchases.
Have Fun!
It is important to think about coin values, your budget, and the theme that your coin collection will follow. With that being said, it is also important to let loose and have fun with your collection. It can be easy to get wrapped up in the serious aspects of coin collecting, quickly taking the fun out of the coin collecting hobby. A random coin purchase here and an over-budget purchase there will help to keep the collection fun and interesting for you.
There are plenty of other tips and tricks that you will want to put into play as you work to start your coin collection. Research as much as possible about coin collecting to learn what else you should do to get your collection going in the right direction.
Photo Credits: Christian Frausto Bernal
Originally posted 2011-06-01 03:49:34. Republished by Blog Post Promoter
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