When you are getting into the world of coin collecting there are several things you need to know. One of the most important pieces of information you need to know is how to go about finding the best rare coin shops near you. You need to know this because there are so many individuals and businesses which are cashing in on coin collector by means of deception. Knowing who to go about finding the best rare coin shops you will be able to better protect yourself from making bad investments or being scammed on the sell of coins on your collection.

Look for the Right Seal of Approval

Here in America coins have there values determined in part by a grading system called the Sheldon Grading Scale. This rare coin grading scale is said to be one of the best in the world. The Sheldon scale consists of 70 points which are used to grade coins based on their condition. The grade of a coin is important because it is what helps to determine the monetary value of the coin and it can indicate how rare a coin is. All reputable coin traders and business in America use this one grading system.

There are three main professional slabbing companies, or coin graders, which are recognized by reputable coin collectors across the country. These companies are PCGS, NGC, and ICG. Most the slabbing businesses outside of these three are considered unprofessional and referred to as basement or garage slabbers.

Since the big three professional slabbers are so widely recognized and align themselves worth reputable rare coin shops you will want to do business at rare coin shops which have been approved by, or has the seal of approval from one of these three companies. This will not only ensure that any coins you are looking at in these shops have been properly and accurately graded.

Note the Service you Receive

Before you go into any rare coin shop do some research about the coins you are looking for. When you go in be sure to ask the individual assisting you questions about the coins you already know the answers to from your research. How receptive the sales person is to answering your questions and how the answers they give you to your questions can be very telling. If the sales person seems guarded and is not receptive to your inquires about the coins or if they give incorrect answers to your questions you will not want to do business in that shop.

The best rare coin shops in America will have sales people who are open and willing to answer any questions you may have about any rare coin in their shop. The best shops will have sales people who are very knowledge about the inventory they carry in the store. Remember, the best coin shops will treat you the best because the want to make you a long time repeat loyal customer.

Photo Credits: Mukumbura

Originally posted 2010-08-10 18:36:22. Republished by Blog Post Promoter

The dollar coin has gone through many incarnations over the years. Some have been more valuable than others. While most collectors are chasing a Morgan Dollar, not as many collectors are chasing down a lead on Eisenhower Dollars. This is because while the Eisenhower issue was only minted for eight years, there are plenty of the coins printed. There are still some years and varieties of the dollar which are more valuable than other copies. It is a good idea for those looking to get a dollar which will be worth something to get to know more about the coin itself.

The first thing you should know about Eisenhower Dollars are the important dates which are related to it. You should also get to know the different styles of the coin which were made available. You should also get to know some of the unique terminology which is used to describe these dollars. This will help you to be more knowledgeable when you seek out the coins to purchase them. It will also help you to have a better idea about the value of the coins you are interested in buying.

The Dates of Minting

The Eisenhower Dollars were only minted for eight years. The dates of the minting included the years 1971 to 1978. In these years, there were varying amounts of coins which were minted. There was also different reasons for the amount of coins and the styles of coins which were minted. For Instance, you will not find any dollars with the date 1975 on them. This is because of the bicentennial coin which was produced during this year and the fact that the date was stamped on as 1776 – 1976.

The Styles Minted

As mentioned above, there were two years in which the Eisenhower Dollars had a bicentennial theme. The reverse on these coins included a liberty bell in front of the moon rather that the familiar Apollo 11 insignia which the coin is well known for. In the years 1971 to 1972 there were no proof sets which were made available to collectors. They instead had to get their copper-nickel clad issues directly from circulation. This is because the silver clad proofs were the only ones were offered uncirculated to the collectors. In 1973, only the copper-nickel clad issues were available in proofs.

The Unique Terminology

The proofs of the Eisenhower Dollars were distributed in a highly unique manner. Those which were sold as uncirculated to collectors were enclosed in cellophane bag that had a blue plastic token in a blue envelope. These were thus dubbed ‘Blue Ikes’. The proofs which were sold were contained in a plastic case that enclosed the proof set. The plastic was encased in a brown box that served as a slipcase. The box was given a wood grain finish and was aptly dubbed ‘Brown Ikes’. These sets sold for $3 and $10 respectively when they were issued. As you can see, they have gone up considerably since then.

Photo Credits: oceandesetoiles

Originally posted 2010-08-15 03:44:45. Republished by Blog Post Promoter

There comes a time in the life of every coin collector where they need to sell their rare coins that they have in their coin collection. Some are simply uninterested in their collection and are looking to recoup the money they spent on the pieces. Others are in love with their collection, but must sell off some of their coins for financial reasons. Either way, there are certain steps to take to sell your coins.

These various steps are going to help you to sell the rare coins in your coin collection correctly. You will be sure to get maximum interest in the coins, which will help to provide you with the maximum offers you are interested in.

Prepare Your Coins

If you are trying to sell your rare coins, you need to make sure that they are in pristine shape. You must prepare your coins just as you would prepare a house or car for sale. Clean the coin to make sure it is in pristine condition. Clean the case and make sure the elegance of the case matches the elegance of the coin. Half of trying to sell rare coins is in the presentation of the coin.

Prepare Information

It is important for you to have information on the coin prepared. You want to be able to educate the buyer on the rarity and interest of the coin, but also want to prepare yourself for the sale. Prepare sale information to get a good idea as to the value of the coin. You can turn to this information if a buyer tries to work down your prices, showing them the true value of the coin.

Market to Dealers

Coin collectors and coin dealers are constantly looking for rare coins to add to their collections and stores. If you are in a pinch, market your coin to dealers in the area. They are not going to pay full price for the coin, but will provide you with a quick way to make the money off of the coin.

Use the Internet

The Internet can be your greatest ally as you work to sell your rare coins. Use online auction websites to get the highest price available for your coin. Be sure to set a minimum price range for your coin to ensure that you do not sell the coin for too small of a price.

You need to make sure that you are doing work when trying to sell your coins. Those who simply list a coin for sale without preparation or follow up will fail to see the numbers that they are interested in for the coin. Take the time to prepare your rare coins, do your research, and work through the sale. You will be sure to sell your rare coins quickly, and yet will be sure to see the high sales prices you want or need.

Photo Credits: George Morris

Originally posted 2011-02-25 08:28:22. Republished by Blog Post Promoter

When you get started with collecting currencies of any kind, there are different things that you are likely to be concerned with. One of the main things that people will be concerned with is the kinds of currency that they have as well as what the value is. Of course, if you are into collecting old coins and paper money, you will likely look for ways that you will be able to add to your collection without having to spend a lot of money. If you know where to look, this will pose less of a problem than you think.

There are a few different ways that you will be able to get the kinds of deals that you are looking for on old coins and paper money. One of the first ways is to find what you are looking for at rummage sales. Additionally, you can look at estate sales to get a good deal. One other way that you might be able to get a good deal is to attend currency auctions. Any of these methods can help you to get the kinds of currencies that will make a great addition to your collection.

Making Discoveries at Rummage Sales

There are many times when people will try to get rid of things that they have been holding on to for some time. Some people will come across some old coins and paper money that they collected years ago. If they were collecting for fun rather than for profit, they might not even know what they have. This will allow you to be able to select something which might be worth a lot. Best of all, because of the very nature of these sales, you will be able to get what you are looking for at far less than its value.

Saving Money at Estate Sales

Estates are auctioned off all of the time. You can attend the auctions and look for old coins and paper money. This will allow you to be able to buy something which was not even being considered as a collector’s piece. You will be able to get the currency at far less than what you will normally be able to get it for. The only way that you will possibly lose value on the piece is if there is another collector in the auction with you.

Getting a Deal at an Auction

There are great collecting shows which will come to town from time to time. Part of what they will have at some of these includes a currency auction. You will be able to place bids which start far below value for old coins and paper money. This is done to raise money for charity and other causes. While it is possible that you will be able to get a great value on the pieces, it is a good feeling that you will be helping to give money to a good cause.

Photo Credits: Homini:)

Originally posted 2011-07-01 03:15:25. Republished by Blog Post Promoter

money -> Coins-World -> Gold

Gold is one of the most popular substances in the world, and rare gold coins are highly sought out by collectors, not just for the precious gold content, but because of the rarity of the coins and the designs themselves. How do you know if a gold coin is actually rare, or just old? First of all, if you’re shopping in online auctions, which is actually a good place to find coins, decide that you won’t get too excited by every auction that claims its coins are rare.

“Rare” is actually a flash-word in online auctions, designed to get people to view the auction. If you browse the site a while, you’ll find items listed as “rare” and “hard-to-find” that you can probably purchase anywhere with very little effort. This practice has made the word rare almost meaningless on eBay and other online sites. So to find truly rare gold coins, you’ll need to do a little research on the coin that’s offered in the auction, as well as into the seller’s past auctions.

Have a look at the seller’s feedback. Does every auction represented there shout “Rare!” from the rooftops? Also, you can search on the specific coin that’s offered to see which others sellers offer it and what they have to say about it. Then you’ll want to research the coin online to find whether its truly rare, or the use of the word was just an advertising tactic. Truly rare gold coins won’t be found in hundreds or sometimes even dozens of auctions at one time, because of their rarity.

Even reputable online shops that deal in gold coins will exaggerate the use of the word “rare.” If you search on “rare gold coins,” for instance, you’ll come up with hundreds of dealers that don’t really happen to have any rare gold coins for sale, but newly released ones. They’ve simply used “rare” as keyword to rank higher in the search engines when someone’s looking for a rare coin, in the hopes of attracting that customer’s business with their new coin selection.

Your own interest in rare gold coins and a little time spent searching can help you find the right coins. You’ll also get a good idea of the price you should pay for one, judging by the median amount charged by many different dealers. Also do a search on eBay for closed auctions that featured that item, and you’ll see about how much you might end up paying if you should purchase from an auction.

Some of the most rare gold coins from the United States were minted before 1933. Liberty gold coins minted throughout the 19th century, and the Saint-Gaudens gold coins and Indian gold coins minted from the early 1900s to 1933, are some of the best rare coins available today. They’re prized, not just for their gold content and their rarity, but their beautiful designs, with the Saint-Gaudens considered one of the most beautiful American coins minted to date.

The business of buying and selling gold can be profitable, and is one you might be interested in getting into.

Originally posted 2008-11-14 05:34:49. Republished by Blog Post Promoter

Money -> Coins-Canada -> Fifty-Cents

If you’re a coin collector, specifically a Canadian coin collector, you might enjoy looking for a 1971 Canadian fifty cent piece to add to your collection. The trick to this is finding the right fifty cent piece to know whether the coin is worth merely 50 cents, or if it’s a more valuable one that could be worth a little bit more, maybe two dollars or more, depending on the current price of silver. The real value in these coins isn’t the monetary value, though, rather it’s the value for collectors when they find this fairly uncommon coin.

Rarity isn’t the only factor in rating the value of a coin, or almost all Canadian fifty-cent pieces would be worth more. A Canadian fifty-cent pieces, whether it’s a silver minting for collectors only or one designed for general circulation, has much the reputation in Canada as the $2 bill does in the United States. They’re both real money, but some people doubt their legitimacy because they’re rarely seen and not commonly used. The 1971 Canadian fifty cent piece is distinguished from other fifty cent pieces only because it’s a silver half-dollar produced when other half-dollars were alloys.

Ironically, even though some people look at a Canadian fifty cent piece and wonder if it’s a real, legitimate coin, the fifty cent piece was the first coin the Dominion of Canada ever produced. The first domestically minted Canadian coins were fifty cent pieces featuring an effigy of King Edward VII, struck in 1908. The reverse of the coin features Canada’s Coat of Arms. Canada still produced fifty cent pieces today, but they’re still rarely found in regular circulation because most Canadians, when presented with one, keep it because of its rarity. The 1971 Canadian fifty cent piece is, of course, more worth keeping than any of the others because of its silver content.

By 1971, Canadian half-dollars were made from a nickel alloy, with no silver content. But in April 1971 they minted some silver fifty-cent pieces designed for collectors specifically, and not intended for general circulation, even though they bear the same value as other fifty-cent pieces as far as currency is concerned. Even despite its silver content, though, this fifty cent piece isn’t necessarily a great investment coin—gold bullion coins are for more valuable as investments—but it can be an interesting addition to a collection of coins from Canada or all over the world.

If you’re looking for a 1971 Canadian fifty cent piece, the chief thing you’ll need to ask is whether the coin is a standard half dollar or a silver half dollar. If the seller is unsure and the picture is unclear, you may want to purchase the coin elsewhere, because the fifty cent pieces from various years look virtually identical, giving them each very little value as collectibles. The coins are probably best found in uncirculated condition, usually sold individually rather than in lots, because they were designed as collector items.

Originally posted 2008-11-19 14:00:30. Republished by Blog Post Promoter

If you are looking to earn a profit with a unique type of collection, then one of the collection options that you may want to consider is rare coins. When you are collecting coins for the purpose of an investment, then it is probably going to follow that you are interested in unique and rare coins. Rare coins are the types of coins that you can collect that will offer a much greater value. Many people have created quite a rich return just buying and selling rare coins throughout their lives.

The thing that makes coins so valuable in the first place is how readily available they are. If there is an extremely limited selection of a certain coin product, then it may become pricier as a result. If the coins have been destroyed or melted down or if only a limited number of the coins were produced, then these factors will contribute to how expensive the coin will be, and how much you can sell it for as a result.

Rare coins are coins that are capable of bringing in a high yield in terms of investing. There have been collections of rare coins out there that have sold for as many as several millions of dollars even when the initial cost to collect the coins was a fraction of that. The collectors selling these collections clearly made wise choices regarding their rare coin collections and they paid attention to detail, paying off handsomely in the end.

When it comes to collecting coins that are rare of valuable, you are going to need to be really diligent when it comes to watching out for coins that are not real. The greater that the value is for the coin, the more likely it will be that someone has made a duplicate in order to make some money that they do not deserve. It is not going to profit a counterfeiter to reproduce a coin that is less valuable so they tend to counterfeit the more expensive coins so that a single coin can net a much, much larger return. There are books capable of dealing with this subject specifically, and so you should make sure that you have the right resources on hand so that you can distinguish the real coins from the fakes when you are collecting rare coins of any kind.

Rare coin collecting can be a truly wonderful hobby as well as a powerful tool for investing as well. It is vitally important that you keep yourself informed on all of the current trends when it comes to the world of coins. You should enjoy your collection and you should allow it to bring you a great amount of joy and investment profits for many years to come as well.

Photo Credits: gemteck1

Originally posted 2009-10-04 03:01:31. Republished by Blog Post Promoter

Those who are thinking about getting into coin collecting are going to have to make a somewhat serious decision about their collection. These collectors are going to have to start to think about rare coins and are going to need to decide whether or not they plan on taking their collection in this direction.

There are some different things to consider when thinking about collecting rare coins, facets of this type of collection that can completely change how you approach your collection. It is important for anyone into coin collecting to make a decision regarding rare coin collecting.

For

While it is easy for individuals to collect coins that are not rare, it can also be somewhat boring. Part of the thrill of collecting anything is the idea that there are some pieces out there that are harder for people to find than others. There are certain coins that are going to cost a lot of money and are going to be hard to find.

The feeling that one gets when they find the coin that they are interested in and have the money to pay for it is considered by some to be indescribable. It makes the entire act of collecting worth it, as it can be an adrenaline rush mixed with a feeling of accomplishment.

Against

Those who make the case against coin collecting with rare coins tend to focus on two major aspects – difficulty and price. Some individuals want to have fun with their collections but do not want to have to work to find singular coins. They simply want to go out and find the coins that are readily available. This is generally a great approach for coin collecting for those who have younger children who are collecting coins – if their interest in coin collecting wanes, parents will have wasted a large amount of both time and money.

Collecting rare coins can be incredibly expensive, and can make coin collecting difficult or impossible for many. Most people simply do not have the money to spend on single coins for their collection. Rare coins can come with a hefty price, depending on how rare the coin is. Unless you feel like paying hundreds or thousands of dollars, you will not be able to add rare coins to your collection.

Some coin collectors are not going to want to get seriously financially involved with their collection. The collection is for fun, but is not meant to be a major purchase. Others enjoy the thrill and excitement that comes from collecting these coins, and will want to spend far much more on their coins. You need to take the time to think about your personal collection goals and your financial goals. You will be able to figure out whether or not rare coins collecting is right for you.

Photo Credits: HamdunnZakaria

Originally posted 2011-01-28 03:28:19. Republished by Blog Post Promoter

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

Coin collecting is something which has been practiced in America for over 200 years now. It is something which has been enjoyed by people of every age and for many different reasons. When creating or expending a collection, it is normal to seek out the best rare coins you can find. These coins will allow you to have a great collection which will include coins of all different kinds of values. It is important to remember that there are many different places you can find collections at. If you search around, you will be able to find the best coins at the best prices.

Often you will have to sacrifice price a little bit to get the rare coins you really want for your collection. This is the case when you go to a coin shop to get what you want. You can also find many great coins at the coin auctions. One of the favorite places to acquire coins from are the other people out there with their own collections. No matter where you get your coins from, make sure that you are getting the coins that you want at the price you can afford.

Coin Shops

Coin shops are perhaps the most expensive option which is available for buying rare coins. The biggest advantage you get when you buy from a coin shop is that there are constantly coins being bought and sold by the shop. If you get in good with the shop owner, you will be able to get notification when a coin you are looking for makes its way into the shop. This way you will be able to pick up the coins that you want without having to search all over town to find them. Instead, they will find you.

Coin Auctions

Another great place where you can find great rare coins is at the auction. These have literally hundreds of different coins which you can purchase. Best of all, you will be able to see the coins first hand and you will get to examine them before you make a bid to purchase them. With any luck, you will be able to get the exact coins you are looking for at a fraction of the price that you would normally be able to buy it for. At the very least you will be able to cap your bid at the market price.

Private Dealers

The most common way for people to purchase the rare coins that they want to purchase is through private collections. These are people just like you. Even if they have collections which are much more expensive than yours, they still purchase each coin as an individual and stock their collection based on what they feel that they need. You have a pretty good chance of getting the coins that you want at a price which is fair. The only thing to watch out for are people trying to make a huge profit where it is unwarranted.

Photo Credits: Ben Sutherland

Originally posted 2010-09-02 09:03:41. Republished by Blog Post Promoter