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

• Half Dime Money -> Coins-US -> Dimes You might think a half dime is simply a modern nickel. But half dimes were actually silver coins worth 5 cents that were minted before the coins that eventually became our modern nickels. They were authorized in 1792, much smaller than the dimes of the......
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• Enjoying a World Coin Collection Most people who begin to collect coins actually do so by collecting regional coins from their own mother country. So for example, if you are from the United States, then you may want to collect United States coins first and foremost. This is because you are already familiar with the......
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There is something very special about rare coins. No matter where in the world they came from, they usually have a very rich history and collectors will search to the ends of the earth to find that special rare coin that will complete their collection. Many of these coins will go at a premium price at auction, worth far more than they ever were when they were in circulation. Let’s look at a few of the different types of rare coins.

First up, you have rare coins from ancient civilizations. Whether it was an early coin from Mesopotamia, a Grecian coin or a Roman coin, these are usually the most valuable. However, they are also the ones that may be copied. If you see a lot of coins and the seller claims that they are all authentic, but the price seems too low, you may want to rethink your purchase. Truly ancient rare coins are typically very expensive. It is all too easy nowadays to replicate these coins and mass produce them.

Next, look for coins that are oddly shaped or made from rare materials. This shows that they were handmade and are typically older in origin. These are not very easy to find, but Greek coins are the perfect example of this. These rare coins were handmade and will frequently be just a little off of perfect. Some may even include the maker’s signature or mark, and these are very valuable indeed.

Other rare coins that are fun to collect coincide with specific eras in history. For example, many collectors look for coins produced during the French Revolution. This was the time period when the first Marianne’s were made, and they are incredibly collectible. Other examples would include confederate coins, from the US civil war, or coins that were produced by governments that are now extinct.

Whenever you are shopping for rare coins, it also pays to look for any errors that may be present. These are usually incredibly valuable, and although they are hard to find, it is very special when you do come across one. Examples of error coins include coins that are missing something from a design, or ones that may have blatant errors. Examining coins for these flaws is always interesting.

The rare coins that are the most valuable are usually the ones where only a few are left. Using the Morgan Silver dollar as an example, there is one variety where only a handful are accounted for. This gives collectors a challenge and the ability to experience the thrill of the hunt as they try to uncover that incredibly rare coin.

If you have not yet begun collecting rare coins, it’s a good idea to start thinking about which era or type of coin you might be interested in. For example, many collectors start off by picking the year they were born, or the coin that commemorates an event that is special to them. Once you get started with rare coin collecting, you’ll see just how exciting this hobby can be.

Originally posted 2008-08-29 05:00:33. Republished by Blog Post Promoter

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Coins and Paper Money -> Paper Money: US -> Colonial Currency

If you are interested in collecting paper money, Colonial money is one of the hottest tickets going right now. When the first US colonies were formed, the nation and its currency system were still in their infancy. It was decided that paper money would be used, and gradually, currency was printed and distributed for use. Today, colonial money is usually worth much more than its face value, provided that it is original and not a reproduction. Here are some tips on how to tell whether or not you have an authentic piece of colonial history.

1. Check the Signature

Colonial money was always designed to have at least one signature on the note. You may need to look carefully to determine whether or not a signature is present, but if you can’t find even one, chances are you may be dealing with a reproduction. The color of the signature should be in red ink.

2. Is it Numbered?

Colonial money was always numbered to help them keep track of how many bills were in circulation. Once again, if you are dealing with an authentic note the ink color will be red and the number will be very noticeable. Age made have faded the note slightly, but you should be able to tell that the ink was once a red color.

3. Look at the Writing

Typically, colonial money featured a handwritten signature, and some bills may have other handwriting on them as well. This is actually quite important, and is a big clue to the authenticity of the note. If the handwriting is the in the same color as the rest of the bill, there is a very high chance that you are in fact dealing with a reproduction.

4. Look for the Stamp

In most cases, reproductions that are intended merely for home use will carry a stamp that says “facsimile.” This is done to help people get a better idea of the colonial money that was used, but they are not intended to be collector items. While some reproductions may not have this stamp, the majority should.

5. Find the Watermark

Even in the height of the colonial period, when technology still was struggling, watermarks were added to bills to help determine whether or not they were authentic. You can use that same watermark to help you determine whether or not you have authentic colonial money on hand. Hold the bill up to a light source to see if you can spot the watermark. If you can’t chances are you have a reproduction.

6. Take it to an Expert

If you plan on investing in a colonial money note, it is best to have it examined by an expert to determine the authenticity of the note. They will be well versed in the different types of ink, the different plates that were used, as well as how real colonial money should look. There is no substitute for getting an expert’s opinion, especially if you will be investing in colonial money.

Photo Credits: woody1778a

Originally posted 2008-09-11 14:00:01. Republished by Blog Post Promoter

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Before you decide to purchase gold coins, there are a few things that you need to know to avoid being taken advantage of. While most dealers are honest, it is vital to take these steps to ensure you are dealing with authentic gold coins. At the current price per ounce, it only makes sense to make sure you are getting real gold, and that you can trust the person you are buying from. Here are a few things to keep in mind before you decide to buy.

1. The Overall Price

This is a big factor when purchasing gold coins. If the price is too low, you should be immediately suspicious. Remember, if it’s too good to be true, it probably is. Likewise, if the price seems too high, you should research the current price per ounce to make sure that you are not paying over the market value. Speculation is rampant in the coin industry, especially when you are dealing with gold. Always make sure that you are getting a fair price before putting down your hard earned money.

2. Certification

Is the dealer willing to provide you with a certificate to prove that the gold coins are actually real? This is a very important step in authenticating your coins. After you purchase them, there is not much you can do if it turns out that they are fake. An honest seller will provide you with more than enough proof to put your mind at ease. Remember, always authenticate gold coins before you buy them. Otherwise, you will have learned a very expensive lesson.

3. Shipping

It is vital to make sure that your gold coins will be shipped securely. Find out how the seller plans to pack and ship your coins before making a purchase. The package should be completely secure and should be insured for the value of the coins. Most sellers prefer to use services such as UPS, FedEx and other carriers that are not the US Postal Service. This is due to the ability to track a package, add insurance and to ensure that the package reaches you safely. If you see a seller shipping gold coins any other way, be on guard.

4. Feedback from other buyer

This is perhaps your best judge as to whether or not you are dealing with a good seller. If they have verifiable feedback from happy customers, then you should be able to make your purchase safely. Do a little due diligence on their feedback to make sure that they were made by real people. You cannot be too careful when purchasing gold coins, especially online. If the seller will not allow you to check up on their feedback, you may want to find someone else.

Purchasing gold coins is a great investment, but only if you take the necessary steps to protect yourself. Always do your homework and learn all that you can about a seller before you decide to purchase your new gold coins.

Originally posted 2008-08-26 05:00:58. Republished by Blog Post Promoter

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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. When collectors take an interest in Australian coins, one of the first coins they usually try to acquire is a 1925 penny. While it’s rare, it’s not nearly as rare as the 1930 penny so it’s much easier to find to add to a collection.

Evidence shows that if you have a 1925 coin penny, it was one of the over 117,000 struck a the Melbourne Mint. After World War I ended with many more losses and more expense than Australia anticipated, gold was valuable internationally, but the told pulled from Australia’s mines was dropping. This spoke of trouble for Australia’s economy, so a great deal of gold was imported from London in 1925. This gold was chiefly used to make sovereigns in 1925 at the Melbourne Mint. The Commonwealth offered a bonus to citizens bringing in British silver coins in June of 1925. To replace these large numbers of British coins removed from circulation, they had to strike Australian silver coins to ensure good retail trade through the Christmas season, but they didn’t produce nearly as many as they had only the year before.

The 1925 coin penny is sought by collectors, not just for its rarity, but because there are minor die varieties found in the coin. Records at the Melbourne Mint show that they were experimenting that year with dies and the hardening of dies, and it’s believed that these experiments led to the die variations often found in this coin.

The 1925 coin penny is sometimes found today by searching through bulk quantities of pennies, though finding one of these coins in fantastic condition is rare. When they are found, they go far behind the capabilities of the average collector, as the price has often been record-setting at collector auctions.

If you’re looking for a 1925 coin penny to add to your collection, online coin dealers and auctions like eBay are a great place to look. While the great condition 1925 pennies are extremely rare and extremely valuable, it’s not that difficult to find one in worn condition or very used condition. While these don’t look as good, of course, they’re still quite an addition to a serious world coin collection, or a comprehensive Australian coin collection.

When shopping for a 1925 coin penny, you might find a $1 auction and think you’ve stumbled onto a great deal for the coin you’ve been looking for, but read the fine print carefully. Because of the rarity and value of a fine condition coin, some sellers sell 1925 penny replicas for very little money. If you’d like to have a great condition replica, this is an option. But you can probably find a used 1925 penny for a reasonable price, so you might want to hold out for a genuine coin.

Originally posted 2008-10-28 05:00:09. Republished by Blog Post Promoter

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You might think a half dime is simply a modern nickel. But half dimes were actually silver coins worth 5 cents that were minted before the coins that eventually became our modern nickels. They were authorized in 1792, much smaller than the dimes of the time and much thinner, giving them the actual appearance of being almost half a dime. When lobbyists fought to have nickel included in the creation of new coins in the 1860s, the new three- and five-cent coins pushed out the older silver coins so the original half dimes were last minted in 1873.

The US half dime was minted from 1794 to 1873, and was one of the original coins minted in the United States. The first design is known as the Flowing Hair design because of the Liberty’s flowing hair, but was only struck for 2 years before being changed to the Draped Bust, Small Eagle design. This design also lasted for only 2 years, before half dime minting stopped and wasn’t resumed against until 1800. This design was known as the Large Eagle design, with the Great Seal of the United States appearing on the reverse of the coin. These were struck until 1805, and then no more were minted until 1829.

The half dime that returned in 1829 now bore the words “five cents” instead of half dime. The design appearing on this coin lasted until 1837, when a Seated Liberty design once again bearing the words half dime was minted. New minting in 1837 saw the silver content lessen, though the coins remained the same size. In 1840 the design was changed to include drapery and stars, and wasn’t changed again significantly after that. After the Civil War in 1866, nickel-based 5-cent coins were circulated at the same time as silver half dimes but 1873 saw the last half dimes minted to make way for the 5-cent coins.
Of all the half dimes available today, the 1802 Draped Bust, Heraldic Eagle is one of the most rare and collectible. Only a little over 13,000 of them were struck, but only about 16 are known to exist today. The half dime is still an interesting conversation piece, aside from its collector and real-world value.

Because the silver content of the half dime dropped long before minting stopped, people tended to try to acquire the earlier half dimes so more of the newer coins were struck to replace them. The most valuable coins are the earlier ones with higher silver content, though some were actually minted without the name of the country because of a die problem, and these are valuable novelties for coin collectors.

The half dime is a fairly rare coin so the best places to find one in good condition are places like eBay where a huge variety of sellers can present their items. The best way to find the value of a coin is to consult a coin guide, and compare that to the most recent information you can find online.

Originally posted 2008-12-07 14:00:27. Republished by Blog Post Promoter

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The popular US coin called the Buffalo Nickel was only minted from 1913 to 1938, but it quickly became one of the most popular coins and certainly one of the most collectible. The Buffalo Nickel used to be very easy to find throughout the 1960’s, but after that point, availability dropped off sharply. This meant that these coins became very sought after and to this day finding a Buffalo Nickel is certainly cause for celebration.

The actual design on the coin is not really a buffalo, but rather a depiction of the American Bison. The front of a Buffalo Nickel features the face of a Native American. The designer, James Earle Fraser, used three historic Native American chiefs as a composite for this design, and the buffalo was placed on the back. It was his intention to create a coin that would be similar in style to the coins produced during ancient times and little did he know that his creation would become this popular.

Early copies of the Buffalo Nickel carry the words Five Cents on the back, and these are very rare indeed. Production on this particular design was halted once it was observed that the raised lettering would wear off quickly. For collectors, it is truly remarkable to come across one of the coins that was minted during this period, particularly if the words are still intact. Once the new design was released, the lettering was lowered, but oddly enough, the raised lettering on the date was not.

This led to yet another similar problem, but this was never actually fixed. Most Buffalo Nickels no longer have their date intact due to this problem, so it can be complicated to determine when exactly the coin was minted. However, many collectors feel that this backstory adds to the overall charm of the coin.

There was one error in the design that only appears on the coins that were minted during 1937. For some reason, the buffalo design was changed slightly and on these coins, it appears as though it only has three legs. When you add this to the fact that the coin would stop being circulated in less than a year, the 1937 edition is probably the most sought after edition.

Even though these coins were mass produced between the period of 1913 to 1938, finding one today is very rare. It is estimated that approximately 1 in every 25,000 nickels is a Buffalo Nickel, but many collectors would lower that further. This means that there is a big demand for those that collect this type of coin and you can typically find them only at auction or if a private collector decides to sell their collection.

The Buffalo Nickel was the inspiration for another coin that was recently released. The American Buffalo is a gold coin that takes many of its design cues from Fraser’s original. Although this may have more face value, to the collector of Buffalo Nickels, there is no replacement for the original.

Originally posted 2008-08-19 05:00:07. Republished by Blog Post Promoter

• Starting a Coin Collection for Cheap A coin collection can be a fun and interesting hobby for individuals of all ages. What many fail to realize is that this type of collection can be a great hobby for people of all income levels and financial backgrounds. You do not need to have a lot of money......
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The Morgan Silver Dollar is considered by many to be one of the most valuable US coins that you can collect. It’s history ranges from 1878 to 1904, and during its run, it was one of the first dollar coins that was available for public use, minus the Seated Liberty Dollar. The coin was named for its designer, George T. Morgan and to this day, collectors search for these valuable items.

The main reason that silver dollars were put into use is due to the fact that when the Comstock Lode was discovered, silver prices fell dramatically due to the influx of the rich metal onto the markets. The Bland-Allison act called for coins to be used as currency and the rest is history. It wasn’t until 1921 that silver dollars fell out of use, and during that time many were melted after the availability of silver fell again.

Out of all of the Morgan Silver Dollars that were minted, by far the most valuable one is the one called the King of Morgan Silver Dollars, or the 1895. This is a very rare coin and those that are able to find them are considered to be very lucky indeed. Many private collections contain these rare coins, and there is quite a market for them at auction. Even though the coin itself is worth only 1 dollar in silver, the value of these coins can exceed $120,000.

There is somewhat of a mystery around the Morgan Silver Dollar from 1895 that has sparked collector interest. In total, there were about 12,000 total made during that year, and 880 proofs were created as well. To date, only a small portion of these coins, around 80, have been discovered. That means that somewhere, there are more than 11,920 of these rare coins that are waiting to be found.

No one really knows what happened to them either, which makes finding one all the more special. While all Morgan Silver Dollars are valuable, it’s the King that everyone wants for their collection. In total, more than 500 million Morgans were produced during its minting period and of that amount, approximately 2.5 million are still around.

If you are looking for a true one of a kind collector coin, the Morgan Silver Dollar from 1895 is certainly the one to search for. However, finding any Morgan Silver Dollar is considered to be a feat, especially today when they are very scarce. This is a fun coin to collect and even if you never do find that special King, you can still enjoy your entire collection.

For collectors interested in stumbling onto a King, the best place to start is by looking at auctions, or at online auction sites. Many times, you can find one of these incredibly rare coins for a steal, especially if you purchase a raw lot. The hunt is still on for the King, and with more than 11,000 still out there, there is a chance that you just may be the one to find one.

Originally posted 2008-08-14 05:00:02. Republished by Blog Post Promoter

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The value of a 1902 Barber dime varies, depending mostly on the condition of the dime. While the face value may be only 10 cents, they’re often worth several dollars—sometimes hundreds of dollars. The best way to determine the value of your Barber dime is to consult an up to date coin value guide. The best way to find the most current information is by looking on numismatic websites and auction sites where these dimes are available to see the most recent pricing on them.

The history of the dime in general goes back to 1796, with the front of the coin bearing a Liberty head and the reverse featuring an eagle. The dime is the smallest US coin, and its appearance has changed many times over the years. A 1902 Barber dime is so named because it was a coin designed by Charles E. Barber. While the earliest dimes changed many times, our current dime has been the same since 1946. Our current design is smaller than the original dime, and the materials used today are different, as well.

The first coins representing a tenth of a dollar or ten cents were actually called dismes, minted in 1792, but weren’t circulated. The first actual dimes appeared in 1796 and are referred to by numismatics today as the Draped Bust dime. These coins bore no value on them anywhere, unlike today’s dimes which clearly say they’re worth 10 cents. In 1809 the design was changed to what’s now known as the Capped Bust dime, which bore the marking 10C on the reverse. Neither of these early dimes was minted each year they were available, but a dime has been minted almost every year without fail since 1827. The Barber dime appeared in 1892, with the 1902 Barber dime representing only one year of the design’s 24-year history, ending in 1916. The previous design, though, was minted far longer. The Seated Liberty design debuted in 1837 and was minted for 54 years, until the Barber dime took its place. The only dime that has been minted longer is the Roosevelt dime that has now been minted for 62 years.

The 1902 Barber dime isn’t the most valuable dime available of its design. The 1894-S has been known to go for more than one million dollars at auction—the highest amount ever drawn for a single dime—because only 24 of these particular coins were struck, and of those, only 9 still exist as far as collectors and the US Treasury are aware.

Still, the 1902 Barber dime carries much more than the value of 10 cents. The coins have silver content, so even a coin worn practically smooth carries scrap silver value. A common method in determining the value of this coin is how clear the inscription of “Liberty” is on Lady Liberty’s headband on the front of the coin. The less worn and more distinct the inscription, the more valuable the coin. Proofs and circulated coins alike are easily found on eBay.

Originally posted 2008-12-06 05:00:12. Republished by Blog Post Promoter

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Coins & Paper Money -> Coins: US -> Dollars

An 1896 silver dollar is one of the Morgan dollars that were minted from 1868 to 1904, and then later again in 1921. The image on these coins was designed by George T. Morgan, and while his dollar is a collector favorite today, easily found in online auctions, they were virtually ignored when they were created.

By 1873, the American collar coin was discontinued. Paper money was favored over coins. So when the large, Morgan dollar came onto the scene in 1878, few people were interested in using them. After the Comstock lode was discovered in Nevada, America’s richest silver strike to date, it was necessary to use that silver to keep Nevada’s economy from collapsing. Pressure was put on the government to make a silver dollar, so the US Treasury, despite the veto by President Rutherford B. Hayes, purchased a few million dollars worth of the silver for coinmaking. Some of that silver was used in the 1896 silver dollars, as well as other dollars from that era.

Morgan, a native of England, was brought over to be an engraver for the director of the Philadelphia Mint. Morgan’s design competed with the design by the normal designer and Chief Engraver, William Barger. Morgan’s coin was chosen, with its head of Lady Liberty on the front and a small eagle on the back. Soon after, Morgan became Chief Engraver and remained there for over 40 years, then became Chief Engraver for the United States Mint in his 70s. The 1896 silver dollar as well as all Morgan dollars produced, bear the distinction of being the only American coin Morgan ever designed.

Less than two weeks after Congress authorized the minting, the first Morgan dollars were struck, on March 11, 1878. Philadelphia produced most of the Morgan dollars, but a small mint in Carson City near the silver Comstock lode produced some dollars of that era. Though that mint closed in 1893, after the mine was essentially emptied of silver. The 1896 silver dollars was one of the 500 million Morgan dollars minted between 1878 and 1904. Despite their numbers, the coins weren’t popular with consumers. There were many used coins, in fact, that in 1918, over 270 million were melted to provide Great Britain with silver during the war. Morgan dollars were produced again in 1921, to the tune of 86 million, but stopped the following year so that the Peace dollar, which became popular, could be produced to commemorate the end of World War I.

Millions more Morgan dollars, including the 1896 silver dollar, were melted down for their silver content in the following years. In fact, it wasn’t until 1972, when the General Services Administration auctioned 2.9 million Morgan dollars, the rare ones produced by the Carson City mint that closed in 1893, that the Morgan dollar interested collectors at all. Then LaVere Redfield, a stock investor who had hoarded 400 bags of Morgan dollars, died in 1974 and his 11 tons of Morgan dollars were auctioned for $7.3 million dollars, giving the Morgan dollar real status in the coin world.

Originally posted 2008-10-14 14:00:58. Republished by Blog Post Promoter

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