Entries Tagged 'Coin Collection Value' ↓
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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How to Start Collecting Rare Coins The world of rares coins can be fun and interesting. Coins can be a look into the past history of the society in which it was used and they can also be used preserve the legacies being made now. Each coin tells a story which makes collecting them great for...... -
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3 Signs You Are in a Good Rare Coin Store There are quite a few places you can choose to purchase a rare coin from. One of the places where many people will frequent to buy the coins that they want is a rare coin store. This is a great location to be able to find the coins that you......
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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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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...... -
3 Factors Which Control Collector Coin Values The value of coins is a major thing which coin collectors look at when they are building a collection. This is because the value of the coin now has a lot to do with the value of the coin in the future. This is because something which is rare now...... -
Silver Eagles Money -> Silver -> American-Eagle 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...... -
Rare Coins to Add to Your Collection 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......
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Taking Care of Your Coin Collection There are plenty of different people who jump into the world of having a coin collection without thinking beyond the actual acquisition of the coins themselves. They fail to think about their collection after they acquire their various coins. They will not think about the different factors that can affect...... -
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Top 3 Things Which Negatively Affect Rare Coin Value Looking at a good coin collection is a thing of beauty. All of the coins will be properly graded and slabbed from one of the reputable third party graders. You will see coins of varying levels of grades and rarity. You will also see that there is a person who...... -
How to Accurately Determine the Value of Rare Coins Numismatics are constantly on the look-out for the next great coin to add to their collections. These coins can range in value from a few hundred dollars to a few million dollars. The most valuable status most coins can attain is to be rare. This can help a coin to...... -
Discover All about PCGS Coins The Professional Coin Grading Service, or PCGS, is one the three professional coin grading companies, or âslabbersâ, recognized by serious coin collectors and dealers across the United States. PCGS uses the American coin grading system to give coins a grade which refers to their condition. Expert in the coin industry......
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February 10th, 2012 — Coin Collecting, Coin Collection Value, Coin Value
The value of coins is a major thing which coin collectors look at when they are building a collection. This is because the value of the coin now has a lot to do with the value of the coin in the future. This is because something which is rare now will only stand to become rarer as time goes on. This is why numismatists try to hedge their bets on which collector coin values will rise in the future and by what rate. This is something which can be distinguished by getting to know the factors which control the values of the coins.
There are many different factors which will cause a coin to increase in value. Among these factors there are three which affect collector coin values more than anything. As long as you know what these factors are, you will be able to tie in everything else which happens in the economy to understand how much more your coins will increase in value over time. The main factors include rarity, grading and the government. The actions or changes of any of these factors will have a major impact on the value of your coins.
The Rare Factor
One of the most important factors in how valuable a coin will be is how rare a coin is. This trumps all when determining collector coin values because if there are no other coins like it, the grade of the coin will not matter. There is nothing to compare it to. This is why the 1933 Saint-Gaudens coin is one of the most sought after coins. There is only one available which can be legally purchased and its whereabouts are unknown. Interestingly enough, there are ten coins which are in dispute currently. If they are released back to the owner giving her the right to own them, it will destroy the value of the coin.
The Grading Factor
Dr. William Herbert Sheldon created the Sheldon Scale for grading coins in 1948. Since then it has become the standard which all coins are graded by. The place a coin falls on the scale will determine its collector coin values. The more perfect the coin is the higher up the scale it is graded and the more money it will fetch. This is why any coin which is considered to be among the Mint State coins is among the highest valued coins.
Factoring in the Government
The government from time to time will take actions which will increase the rarity of an item or will introduce new coins which will increase the focus on the original coins. Any of these actions will increase the collector coin values. Of course other changes like decreeing that all 1933 Double Eagles are legal to own would have devastating effects on the market. The coin which was once worth $8 million will suddenly plummet in price. The new going rate will be a fraction of that which will crush some collections where the collector paid a premium for the coin.
Photo Credits: monkeyc.net
Originally posted 2010-08-28 03:39:40. Republished by Blog Post Promoter
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February 8th, 2012 — Coin Collecting, Coin Collection Value, Coin Value
Coin dealers, just like any other type of dealer or business, requires stock that they can sell to the public. Rather than obtaining or acquiring their stock from a factory or manufacturer however, they obtain their coins from the public instead. Classic types of rare coins have to be acquired from more advanced collectors or from auctions but lesser rare coins can still show up just about anywhere including in your normal pocket change. Below are some coins that are often ignored by your average person despite being capable of bringing in real money, should a hobbyist notice it and offer it for sale to people interested in rare coin collecting.
If it weren’t for the diligence of some rapid coin collectors interested in rare coin collecting, many of the coins in the following list would go completely unnoticed. These coins are often found by way of careful scrutiny.
- The 2004 Wisconsin State Quarter, on coins featuring an extra leaf.
On some of the Wisconsin quarters minted in 2004, there is an extra leaf either below the corn husk or at the very base of the husk. The value of these coins ranges from $50 to $100 dollars.
- The 2000-P Sacagawea Dollar from Cheerios
These coins were placed randomly in a number of Cheerios cereal boxes after being packed in protective plastic sheets. These coins exhibit more detail than the later production coins. The value of these coins is as yet undetermined.
- The 5c Doubled Monticello from 1939
This is a 1939 Jefferson nickel, and while this coin is relatively easy to find, locating the doubled die reverse is not going to be as easy. The value for these coins is between $30 dollars and $500 dollars depending on the quality of the coin.
- D/horizontal D 5 cent piece from 1942
This Jefferson coin is not the same Wartime silver alloy, but rather it is the previous variety which is a copper and nickel alloy. More than 14 million coins were minted, which was a fairly large mint for the time period. The coins struck from the die with the error are relatively elusive, but still possible to be found. The value for these coins is between $30 dollars and $500 dollars depending on the quality of the coin.
This is perhaps the kind of the doubled dies, as it has spectacular doubling. They were originally discovered in coin rolls. Nearly the entire output from the improperly struck die managed to reach to circulation, so you will really never known when one of these true beauties is going to show up. The value for these coins is between $500 dollars and $1,500 dollars depending on the quality of the coin.
Photo Credits: Abhijit Tembhekar
Originally posted 2009-10-10 03:18:17. Republished by Blog Post Promoter
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January 28th, 2012 — Coin Appraisal, Coin Collecting, Coin Collection Value
A coin collection can be an important part of your life, taking up much of your budget and your time throughout the years. Those who put time, energy, money, and heart into their collections should be doing everything that they can for their collection. Many fail to realize that one important way to take care of your collection is to document it.
There are two main reasons to completely document the collection that you have. The first reason it to make sure that you have a full record of your coins for personal use. You may have a large collection and can easily forget which coins you already have. Secondly, you need to work to document your collection in case of emergencies and for insurance purposes. The following tips will help you to document your collection.
Be Detailed With a Spreadsheet
It is important for you to provide as much detail as possible to your documentation when trying to document all of the coins that you have in your collection. You need to make sure you list the official name of the coin, any nicknames you may have for the coin, the amount you paid for the coin, the mint location of the coin, the year of the coin, and possibly the current value of each coin. The more information that you have, the better your documentation will be and the more useful the documentation will be.
Take Photographs of Each Coin
One of the best ways for you to document your coin collection is to take pictures of each of the coins. This will help you to better understand the mint of each coin as compared to others and provides a visual recording of your collection. For the most organized documentation possible, match up the coins in the spreadsheet with their images. Labeling each coin with a specific number and labeling each picture with the corresponding number will help to keep your organized and your coin collection well documented.
Have Values Appraised
If you are serious about coin collecting, you are serious about the value of your coins. Have your entire collection appraised to give yourself the ultimate documentation. You will receive a value for each coin and an overall value for your collection. Both numbers are important, as they will help you to understand your investments and how much your collection is worth overall. The more information that you have about each coin, the stronger your documentation is. Ask the person who is appraising your collection to list the coin with the value. This will make it easier for you to add the information into your own documentation after the appraisal is complete.
There are plenty of individuals who have large coin collections that are undocumented. They cannot tell you exactly what coins they have, an serious problem that could haunt them in an emergency. If you are serious about coin collecting and are serious about the coins that you have, take the time to correctly document your coin collection.
Photo Credits: celesteh
Originally posted 2011-05-11 03:44:07. Republished by Blog Post Promoter
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January 22nd, 2012 — Buying and Selling Coins, Coin Collecting, Coin Collection Value
Anytime you are thinking about selling a coin, you want to get the most possible for the sale. This is why when you are thinking about how to sell coin collections you need to have the best advice possible. The right methods will mean the difference between getting a good price on the coins that you have and getting ripped off. You do not have to be an expert in order to get a good deal on the coins you are selling. You just need to know some of the basics of selling coins.
It is important that you know the tricks some people will try to use when buying coins. These tricks might work on a lot of different sellers, but they do not work on those who are hip to the game. When you go to sell coin collections, you will understand the tricks which people are using and you will be able to get a better deal. Getting to know the current values of your coins will also allow you to get a better deal on the coins you are looking to sell. Most importantly, you need to be able to say no to an offer if it does not sound right to you.
Know the Tricks
When you go to sell coin collections, you will be approached by people who are trying to take advantage of your ignorance. This is something you can combat simply by doing your homework. One thing they will try to do is to tell you that you have a fake coin. This is done with sincerity since they want you to believe they are doing you a favor. They will then offer to buy your coin at a ridiculously low price. Keep in mind, no ethical buyer will want to buy a fake.
Know the Value of Your Collection
The best way to get the most money when you sell coin collections is to know what they are worth. This way you will be able to ask for the right amount. You can have the coins graded if they have not already been graded. Two of the major Third Party Graders, PCGS and NGC, also offer updated coin prices on their websites. This will allow you to always keep up with how much your coins are worth. You can also use coin collecting software to keep up with these values.
Say NO!
The most important thing you can do when looking to get the most money when you sell coin collections is to not be afraid to tell people no. You will get offers which will be completely off base. It is okay to haggle price, but if the buyer cannot come near what you have determined is your lowest price, you will have to say no. Even if it means you lose the sale this round, there will be more people who are ready to buy what you have to sell and they will make an offer in the range you are looking for.
Photo Credits: Mrs Logic
Originally posted 2010-08-31 03:51:11. Republished by Blog Post Promoter
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January 22nd, 2012 — Coin Collecting, Coin Collection Value, Coin Value, Rare Coins
There are a lot of people who think that they have a very valuable collection only to find out that the collection is not worth much at all. This can come to a shock to many people when they end up getting their coin and currency collection graded. The problem people run into over and over is that they have a personal value or a perception of the value which is over-inflated from what the real value is. This does not mean that you cannot still enjoy the collection that you have, it just means that you will know the truth about its value.
If you are thinking about getting your coin and currency collection appraised, you are probably wondering what it is that makes one more valuable than the next. This is a fairly easy thing to answer as there are guidelines which any appraiser will follow when they are looking at a collection. The more you know about the value of money, the easier it will be to preserve and boost the value that your collection has.
The Effect of Human Hands
The oil on your skin is volatile and has the effect of wearing away at the coin and currency which are traded for goods every day. Even if the pieces were never actually circulated, if they have been handled by human hands to any degree it will tarnish the coin in ways which cannot be altered. Cleaning the pieces is an option which some people utilize not knowing that they are actually lowering the value of the piece even more because those who collect them will be able to know whether they have been cleaned or not. You are better off using a cotton glove to handle all pieces when they are not in protective cases.
The Rarer the Better
One of the things which will help to increase the value of coin and currency is when it is no longer in circulation and very few of the pieces are available. The age of the coin has a lot to do with how old it is as well as the period from which it originated. This is because some designs were minted longer than others. The longer the minting period, the more of the pieces you will find and the lower the value will be. Go in the opposite direction and you will find even greater value.
Uncirculated Coins Are the Best
When it comes to coin and currency, the better the condition the piece is in, the more valuable it will be. Those which are worth the most are called uncirculated pieces. These are the pieces which will have just about no marks on them. The more the piece looks like it just came from the mint, the more valuable it will be to a collector. This is especially true when talking about old and rare coins. In many cases, the appearance of the coin will make it possible for an old or rare coin to jump from a price less than $100 to a price over $1,000 by simply going up 5 or 6 grades.
Photo Credits: woody1778a
Originally posted 2010-08-23 09:17:01. Republished by Blog Post Promoter
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January 9th, 2012 — Coin Appraisal, Coin Collecting, Coin Collection Value, Coin Value
Coin collecting for a long time was pretty wild. You were able to make just about any claim that you wanted to about the coins you were selling and nobody would be any wiser. The first grading scales did not do much to alleviate this. This is because they were based on adjectives rather than on a numbered grading scale. It was difficult to determine a fine from a very fine because the terms were too loose. There were also gaps between the adjectives which allowed for too much play in the defining of the coin value.
Dr. William Herbert Sheldon created a scale in 1948 that us still followed by numismatists to this day. His scale was designed to use numbers rather than names to describe the different grades. While names are still used with the Sheldon Scale – as it is known – you are more likely to hear MS65, AU50, F15 or even PR01, rather than Mint State 65, Almost Uncirculated 50, Fine 15 or Poor 01 respectively. The details which surround how a coin will be graded on the Sheldon Scale are resolute. This means if you find a coin value to be based on a grade of AU52, you are likely to find that another will grade it the same way.
Cheap to Expensive
As the numbers get higher in the Sheldon Scale, so does the coin value. Unfortunately, there is not much that you can do to change the value of a coin to get a higher grade. The only thing you can do is to store the coin correctly so that the value does not drop. The difference in the grades is often significant from one grade to the next. In fact, depending on the coin, the value can jump 2 to 3 times the value of the grade below it.
A Grade You Can Believe In
One of the great things about the Sheldon Scale in terms of buying and selling collector’s coins is that you will not have to scrutinize the coin once it has been graded. This is of course assuming that you trust the seller. As long as they have a good reputation of buying and selling genuine and well graded coins, you have a pretty good chance that the coins you are purchasing will be at the right coin value.
Maintaining Value
Sustained value is something every coin collector looks for. A coin which increases in value is something every collector hopes for. The good thing about when you purchase a coin that has been graded on the Sheldon Scale is that you have a better chance of the coin at least maintaining its coin value. This will allow you to enjoy a collection which will hold the value that you have placed into it. The reason why they hold their value is because graded coins rarely lose value over time. They will either stay the same or they will increase in value.
Photo Credits: Wessex Archaeology
Originally posted 2010-08-27 03:27:57. Republished by Blog Post Promoter
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January 3rd, 2012 — Buying and Selling Coins, Coin Collecting, Coin Collection Value
Coin collecting is something which is enjoyed by people of all ages. It is something which has become more than just a hobby for most people. For many it is a business. This is not to say that everyone knows what they are doing when they get started selling coins after they have purchased them. It takes the right kind of information to be able to make sure that you are selling your collectable coin for the best possible profit. Luckily, this is information anyone can happen upon and it does not take an inordinate amount of skill to be able to get a good price for the coins that you are selling.
For the most part, you will just need a few good tips to get you started in the right direction. These tips will help you to understand what a dealer or other collector will likely look for when they are looking to make a purchase. This way you can give them what they want. In return you will be able to sell your collectable coin for the price you want.
Learn to grade your coins
The grade a collectable coin is at will have a lot to do with how much you will be able to sell it for. You will need to know this for a few different reasons. You will want to make sure that the third party grader you send your coin to does not over grade it. You also want to make sure that when you go to sell it that the purchaser does not dispute the grade of the coin. If you know your grades, you will be able to point out how the different qualities of the coin squarely place it in the grade that you are selling it as.
Get your coins certified
Another great way to make sure that your collectable coin will not be undervalued is to get the grade certified. This is best done with one of the major third party grade services. Companies like ICG, NGC and PCGS offer top notch certifications which will be recognized throughout the industry. This will shore up any dispute between you and the seller. You can usually tack on any certification and grading costs on to the price that you are selling the coin for if you have the chops to haggle the price upward.
Sell according to the market
The only way to get the price that you want is to know what price you want. The market for your collectable coin is always in fluctuation. This is because the value of the coin varies depending on what the market knows about it. If the coin is of lower value, the market you are likely to be watching will be the bullion market so that you will know what the value of the metal is worth. Remember that the price which the market states is relative. Certain buyers will seem the coin worth more or less. It is up to you to find the ones which will pay more for your coin.
Photo Credits: Steve Thoroughgood
Originally posted 2010-08-27 09:34:38. Republished by Blog Post Promoter
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January 1st, 2012 — Coin Appraisal, Coin Collecting, Coin Collection Value, Coin Value
You do everything you can to get a good coin collection. You go to all the right places to get the best prices on the coins that you purchase. You keep everything you have in the best possible condition using flips, bags and slabs. You even keep your collection in a safe which is cemented into the wall. The only thing you need in order to protect your collection is to have the right insurance. There are a few different ways in which you can get the insurance that you are looking for to protect your collection.
Among the best ways to get insurance for your coin collection is to go through the major brands of insurance. They will have the policies that you are looking for as long as you make sure to ask for exactly what you are looking for. The way that many people have been finding the insurance policies that they want for their coin collections is through organizations like the ANA. Outside of the professional organizations you will need to find organizations which specialize in insuring things of greater value than the normal household.
Regular Policies
Most homes have an insurance policy which will cover the things which are in the home up to a certain dollar amount. These policies can include everything from your television to your coin collection. These policies are only good for coin collections which are small to medium sized. Collections with rare coin values any higher will have to go to a different kind of insurance holder. You will need to find an insurance policy which specializes in these kinds of rare coins so that you will be able to get the benefits that you need to cover your property.
Professional Policies
The next level up to cover more expensive rare coin values are the policies which are offered from such professional groups at the ANA. These policies work well for those with decent sized collections. You will be able to get protection for many of the different coins that you can purchase which will go from the tens of thousands to the hundreds of thousands. If you have a collection which goes into the millions you might be able to find a policy which will suit your need but it will be highly expensive. You are better off getting a policy from a different provider.
Large Policies
The best policies for those who have a collection which is valued in the millions is to get insurance through one of the major brokerage houses. This includes Sotheby’s and more. You can get the policies based on individual rare coin values or you can get the entire collection covered by your policy. This will depend on you and how much money you are willing to spend on the policy that you are trying to get to cover your collection. Choose wisely as you do not want to lose your investment in your collection.
Photo Credits: practicalowl
Originally posted 2010-08-20 09:09:17. Republished by Blog Post Promoter
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