Entries Tagged 'world coins' ↓
October 19th, 2009 — Coin Collecting, world coins
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 coin denominations where you live, making the collection much easier to put together. This is definitely a great way for you to begin when you are just learning how to collect coins, but as your coin collection grows, you may want to create a world coin collection rather than just a local one. World coins are often just as easy to come by, and they offer new facets to your coin collection no matter which world coins you decide to collect.
You will find coins coming from nearly every single country all over the world. You should begin to collect coins based on what information you can find. If you cannot find information on a particular type of world coin, that does not mean that it is rare, but just that it will require some extra work for you to find the worth of the coin. There are a number of websites and other publications that will help you look at the world coins that are available to you and your world coin collection.
When you finally begin to collect world coins, you will discover that there is a whole new world waiting for you. You will learn about the history and the culture that influenced each individual world coin, for example. You are going to learn about each country where you find a world coin and you are going to learn about what inspired those world coins into creation.
There are fewer dealers out there that will have world coin opportunities for you, so world coins are often more rare than United States coins. To some investors, world coins do not make good investments, but to other investors, they do. Collecting world coins is going to require a lot of time, thought and research. You need to read coin collecting books, online guides, websites, newsletters, magazines and anything else that you can get your hands on to read so that you can become well versed in everything that the world coin realm has to offer you. You need to understand how foreign currencies and the United States dollar stack up against one another.
If you are looking for a widely circulated world coin, consider pennies from each country all over the world. These coins are valuable to someone that collects for the sake of collecting but not necessarily for the sake of investing. Collecting world coins with small values is a great way to grow your collection without spending too much money, so consider this if you are just getting your world coin off the ground and want a lot of unique coins without a big investment.
Photo Credits: Bill.Roehl
Originally posted 2009-06-20 05:19:55. Republished by Blog Post Promoter
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September 21st, 2009 — Canadian Coins, Canadian Fifty-Cent Piece, Coin Collecting, Rare Coins, world coins
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
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September 19th, 2009 — Coin Collecting, Russian Rubles, paper money, 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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September 18th, 2009 — Coin Collecting, Russian Coins, world coins
Russian coins have recently become a popular investment, with many of the popular dealers selling out of supplies, and some older and more rare coins earning over $45,000 at auction. Many people gave up on Russian coin collecting in 2007 because of the raising values and costs of most Russian coins and the sudden surge of people interested in Russian coins, not just as hobbyists and collectors, but because of the believed investment potential these coins suddenly had.
Imperial Russian coins prices have doubled in the last year, making any pre-1917 Russian coin more expensive to obtain, taking it out of the reach of many hobby collectors, and consequently more valuable. Even the dealers are a bit baffled by the sudden upswing in the Russian coin market, especially in as short a time as one year .
The demand for Russians coins actually started 5 or 6 years ago, as the country’s economy began to stabilize after years of difficult times. During much of the 20th century, all but the wealthiest Russians often had trouble making ends meet, so expensive things were put aside. Many silver and gold coins were melted down. While the records of how many coins were minted are still there, no one knows how many were melted down and put into another form during their years of weak economy. Because Russia doesn’t allow the export of its Imperial coins, finding them outside Russia is fairly rare, with those coins either appearing outside Russia illegally, or perhaps brought by Russian immigrants years ago.
Russian coins are actually even more valuable inside Russia than they are elsewhere. Now that the economy is improving, people are more able to indulge in hobbies like coin collecting, and since so many early coins were destroyed it’s these coins that seem to have the most value. Because the price is steadily increasing, investors know that they can turn a profit in only a few months by purchasing the coins and then reselling them at their new, higher market prices later.
While this value growth can’t continue indefinitely, Russian coins still sell for less than their British and American counterparts of similar rarity, so it could continue for yet while. As long as the Russian economy improves, it’s believed that the value of Russian coins will continue to grow. At some point, though, the selling price for many Russian coins will drop, perhaps dramatically, so if you’re after a particular coin that’s out of your price range, a wait and see attitude could serve you well and get you the coin at a more affordable price.
Because of the high value of some Russian coins today, fakes have flooded the marketplace. Coin dealers can easily spot a fake, while some eBay sellers who have no intention of defrauding anyone might have no idea that their coins aren’t genuine. Choose sellers who have extensive numismatic experience and can vouch for the authenticity of their coins, and offer a refund if you should have the coin examined and discover it’s not genuine.
Originally posted 2008-10-26 14:00:13. Republished by Blog Post Promoter
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September 16th, 2009 — Coin Collecting, world coins
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 most avid collectors doing a great deal of research into the origin and history of each type of coin. Because the coins are ancient, most highly sought after specimens are rare enough to be difficult and even impossible to find.
While some still concentrate on collecting ancient coins, many choose to collect modern coinage. World coins minted in modern times are not only much more readily available to collectors than ancient coins, there’s also a much wider variety available. And while one might think that a truly ancient coin would be valuable, collectors have apparently decided that the most valuable coin in the world was minted as recently as 1933.
The 1933 Saint-Gaudens Gold Double Eagle, with a face value of $20, was sold at auction in 2002 for over 7 million dollars. Obviously such a coin is out of the reach of collectors, but it serves as an example of how collecting modern world coins can be an intriguing hobby. In the case of this coin, its history played a huge part in its value.
Over 450,000 1933 gold double eagle coins were minted, but none were ever issued because before the coins could be distributed, President Roosevelt changed laws in response to the Great Depression. Citizens were required to turn in any gold coins they had, and no more gold currency was to be created or issued. The gold double eagles were melted down and used to make gold bullion. Some, however, began turning up. Two were legally preserved, but occasionally others surfaced in small numbers, usually a few or 9 or 10 at a time. All that were discovered were confiscated by the Secret Service, but King Farouk of Egypt had already exported one. This coin is the one that sold for millions of dollars, making it the most valuable world coin ever created.
Some collectors choose one area to collect from while other world coin collectors aim to find one coin from every country or region of the world. Some collectors even choose to trace their ancestry through coins from those countries. The history of a coin, its scarcity, and whether or not there were errors during minting all figure into a coin’s value. It’s a good idea to read about world coins, to discover the interesting histories of some valuable coins, like that of the 1933 double eagle.
World coins are described in collector shops and auctions according to a standard grading system, from best to worst: mint, uncirculated, proof, extremely fine, very fine, fine, very good, good and about good. Look for these words in auction descriptions and carefully examine the scan or photo of a coin you wish to purchase to see the obvious wear.
Originally posted 2008-10-09 14:00:21. Republished by Blog Post Promoter
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September 12th, 2009 — Euro Coins, world coins
Euro coins were first put into circulation in 2002 by the European Union. There are 8 coins: 1, 2 5, 10 and 20 cent coins, as well a the 100 and 200 cent coins, which equal 1 and 2 Euros, respectively. Because these aren’t just coins used as legal tender within one country but rather all of Europe, they have a common side that shows a map of Europe, and the other side of each Euro bears a design that represents the country of its origin.
Though Euro coins weren’t circulated until 2002, some were minted as early as 1999. Earlier versions of the 10, 20 and 50 cent pieces bore a map of Europe that made it appear all the countries were islands, as the borders between them were shown as actual breaks in the landmass. The 1 and 2 Euro coins showed Europe as a cohesive nation while still depicting borders between the countries. Each nation chooses its own reverse design, while the common side with its stars, bars and map of Europe remains the same throughout.
Euros coins are interesting for collectors because of this diversity. Some countries choose their national side to be the same on each coin like Belgium has, or each coin can bear a different design, like Italy’s. Belgian Euros actually draw a great deal on the nation’s previous coin designs while some countries like France use monuments and symbols with very stylized designs on their coins.
Additionally, there are certain rules the national designs must follow. The design must contain 12 stars, the year of issue and the engraver’s initials. The national side also can’t show the denomination of the coin because that’s on the common side, nor can it repeat the word Euro unless it’s written in another alphabet, like it is on the Greek coins.
The national side on Euro coins is also locked in until the end of 2008, with no changes allowed unless a monarch depicted on the coins dies or abdicates the throne. The Vatican coins were allows to change their national side when Pope John Paul II died in 1995. They issued a different coin while the throne was empty, then in 2006 they issued coins featuring the effigy of the new Pope, Pop Benedict XVI.
Commemorative coins are released regularly. In 2007 all countries that produce the Euro created a Treaty of Rome commemorative coin that was almost identical to that of every other country. Euro coins have also been designed to make it easy for blind or sight-impaired individuals to be able to distinguish between the coins. Each has a unique edge design that can be felt to identify the amount of currency, and the sizes go up with the value of the coin.
For coin collectors, Euro coins can be a fascinating part of their hobby with so many different coins featuring so many different designs. Online auctions like eBay are a popular place to acquire the coins, which are graded similarly to any collectible coins.
Originally posted 2008-10-23 14:00:31. Republished by Blog Post Promoter
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September 7th, 2009 — Coin Collecting, John Quincy Adams Dollar Rolls, John Quincy Dollar Rolls, US Coins, world coins
Whether you’re new to coin collecting or you’ve been fascinated by coins for years, now is the time to invest in a John Quincy Adams dollar roll. If you have a free book offered by the US Mint to house your Presidential Dollars collection, you’ll want at least one loose John Quincy Adams dollar, but the roll is more of an investment in the coins. If you purchase a roll of each Presidential dollar released from the beginning of the program through the end in 2016 (though more presidents will be added, extending the program) you’ll have an amazing variety of dollar rolls that will look impressive in any sized collection.
The John Quincy Adams dollar roll is the latest offering in the Presidential Dollars program. Much like the 10-year 50 States Quarters Program that proved a favorite among collectors, and especially children who enjoyed collecting these coins, dollars featuring United States Presidents are released over a span of time. The 50 States Quarters were released in the order the states became part of the union; the Presidential Dollars are released in the order in which they served the country as Commander in Chief.
Coins in a John Quincy Adam dollar roll, and in all of the Presidential Dollars, are the same composition as a Sacagawea Golden Dollar. But each coin features the name and likeness of the President on the front, along with the years of his term of office, and which President he was—1st, 2nd, etc. Presidential Dollars are unique from any other US coin in the way much of the information typically found on a coin is printed on their edges instead of the face or reverse. “E Pluribus Unum,” “In God We Trust,” the mint mark and the year of the coin are now on the edge of these coins.
Also setting coins in a John Quincy Adams dollar roll and other Presidential Dollars apart from every other coin minted in the United States, the world Liberty does not appear on the reverse of the coin. An image of the Statue of Liberty stands for liberty, instead. The coins have been issued at a rate of 4 per year since 2007.
The John Quincy Adams dollar roll became available this year, in May of 2008, and is the 6th release of these dramatic and beautiful coins. George Washington, John Adams, Thomas Jefferson and James Madison Presidential Dollars were released in 2007, and James Monroe was the first release of 2008, followed by John Quincy Adams. Andrew Jackson and Martin Van Buren Dollars have also been released since then this year, with the four scheduled to be released in 2009 being the next 4 Presidents in order, Harrison, Tyler, Poke and finally Taylor. These coins are great to teach kids about our Presidents.
Your local bank should be able to supply you with a John Quincy Adams dollar roll, but auctions like eBay are great for quickly grabbing rolls of past releases. Keep the roll intact to retain all of its collector value.
Originally posted 2008-12-12 14:00:25. Republished by Blog Post Promoter
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July 24th, 2009 — Ancient Coins, Greek Coins, world coins
There are three different points in time that Ancient Greek coins are divided into. The first period of time for the history of ancient Greek coins is known as the Archaic period. This particular period of time expands from when coinage first appeared in the Greek World in 600 BCE until 480 BE which was when the Persian wars erupted. After this, the next period of time that existed was the Classical period for Greek coins, and this period endured until Alexander the Great appeared in 330 BC.
The third period is the Hellenistic period, which drew out until the Romans preoccupied the Greek world in the 1st century BCE. The Greek cities extended in order to create their own coins for additional cities under the rule of Rome. These coins were each completely handmade, and they depicted a wide variety of different scenes, buildings, figureheads and symbols.
All of the Ancient Greek coins were created by hand unlike how modern day coins are made. Ancient Greek coins were eventually invented in a kingdom known as Lydia, which is now known as Turkey, during 620 BCE. When the Ancient Greeks began to create Greek coins from the very start, these coins had a number of different figures, inscriptions and symbols that were specifically designed to exemplify the independence of the poleis.
Even though the Greeks were under the command of Hellenistic kings or autocrats, the Greeks were always generally independent in nature. Their coins were a great way for them to substantiate their independence throughout their history. In other words, Ancient Greek coins are a symbol of independence among a people that struggled with independence for many centuries. Ancient Greek coins are made up of historic pictures and symbols and are now perceived as being artistic, lending to the history of a true art. The examples of the oldest Greek coins are capable of including a lot of sanctified temples and buildings, and this permits individuals to understand how grand those buildings once were in Greek history and lore.
Greek coins, then, were a lot more than a simple system of commerce or a collection of carved or stamped metal. The purpose of Greek coins had so much more to do with independence and religious pride, meaning that they are extremely meaningful as history of art, and the history of a people that struggled for independence and flourished for many years despite being under the rule of others, including Hellenistic kings and the Romans. If you are looking for a type of collection that you can be proud to have in your possession, consider collecting Greek coins so that you can learn the history of a unique people and revel in the signs and symbols of their fight for independence. The more you learn about Greek coins, the better you will be able to benefit from collecting these unique coins.
Photo Credits: I likE plants!
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