February 12th, 2012 — Buying and Selling Coins, Coin Collecting
There are several important and interesting pieces of information that can make starting a coin collection much easier and more fun. The best thing for anyone who is considering entering into the world of coin collecting is to do a little research before they begin a collection. It is even a good idea to do some research before one starts to buy the supplies that need to start collecting coins. This is because the more one knows about the art, culture, and technical information regarding collectable coins the more likely they are to be successful coin collectors.
Most of the research one needs to just get stated on creating a coin collection can be done independently. This is because coin collecting has been a serious hobby for some time now and therefore there are many experts on the subject. Many of these experts have created various materials and teaching tools to help those who are getting into the exciting world of collectable coins. This means that the first steps in learning about this type of collection can not only be easy, but they are also quite affordable.
Books to Read
Several of the experts who are recognized as being experts in the world of coin collection have written books on the subject. There are many experts who have written books to make collecting coins easy for those who are just starting to build their collections. Many of these books can be found at your local library. If you are looking for specific books, and you want to obtain a book to keep as reference, you may want to look in your local book store instead. The books you will find on coin collecting basics are generally inexpensive and can be a very wise investment. This is because the information in these books can help you save money and even help you earn money with your future collection.
Looking Online
Many coin collecting enthusiasts have been making use of the internet these days. Some experienced, and even professional coin collectors, are now writing blogs or offer public forums to answer questions about coin collecting. There are even some coin collectors who have begum to offer online video series for those who have just started a coin collection. Now matter which if these internet tools you may you use, there is one thing you will want to look for in all of them. You will want to make sure that the coin experts you are getting your information are independent. Those who are not may really be trying to sell you their coins or other services. This will ensure that the information you getting is real.
Attending Seminars
Some expert coin collectors have been known to hold coin collecting seminars. Many of these collectors and even some coin vendors hold their seminars about how to start a coin collection at coin trade shows and related events. These seminars and classes can be a great way for new collectors to get information and have their questions answered on the spot by coin experts.
Photo Credits: Mrs Logic
Originally posted 2011-06-06 03:02:01. Republished by Blog Post Promoter
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February 10th, 2012 — Buying and Selling Coins, Coin Collecting
For many, the hardest part of a hobby is actually getting that hobby started. This couldn’t be more true than it is for those who are looking to start a coin collection. With thousands of different coins available to collect, it can be hard to understand where to start or know how to start.
There are a few different things that you can do to get a coin collection started. These tips are going to help you to start a strong collection that will be easy to grow and expand. Each of these four tips is important for a different reason – be sure to understand and consider each of these steps.
Set a Starting Budget
One of the biggest mistakes that someone starting a coin collection can make is blowing their entire budget on one coin when they start their collection. These individuals get excited about super rare coins or coins of high value and pick it up. They fail to realize that part of the fun of coin collecting is picking up multiple coins and continuing the search for a new coin. If you spend all of your money on your first coin, you will have nothing to look forward to until you have more money. This can kill your momentum and your drive for new coins.
Talk to a Coin Collector Shop Owner
It is important for you to gain knowledge of the world of coin collecting as you work to start your own collection. Talk to a coin collector shop owner about starting a coin collection. They will be able to teach you as much as possible about things like coin values and counterfeits, helping you to make smart decisions as you look to start your collection.
Plan Your Collection
While it may be tempting to simply jump into coin collecting, you need to have something resembling a plan of attack. Think about coin values and the type of coin collection that you want to have. This will help you to plan your collection out. You will be able to see what coins you are going to collect, helping you as you budget for future purchases.
Have Fun!
It is important to think about coin values, your budget, and the theme that your coin collection will follow. With that being said, it is also important to let loose and have fun with your collection. It can be easy to get wrapped up in the serious aspects of coin collecting, quickly taking the fun out of the coin collecting hobby. A random coin purchase here and an over-budget purchase there will help to keep the collection fun and interesting for you.
There are plenty of other tips and tricks that you will want to put into play as you work to start your coin collection. Research as much as possible about coin collecting to learn what else you should do to get your collection going in the right direction.
Photo Credits: Christian Frausto Bernal
Originally posted 2011-06-01 03:49:34. Republished by Blog Post Promoter
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February 8th, 2012 — Coin Collecting, US Currency
If you are thinking about getting your child started on coin collecting, you are going to want to get them to stick to one specific niche or theme. This helps to give them direction as they work to start their coin collection and helps to give them specific benefits.
While some people think that a coin collection with nothing but US currency is a bad idea, others think that it is a great type of collection work toward. Looking at the pros and cons of collecting only US currency for a child’s coin collection will help you to understand whether or not this is right for your child.
Pros
- One of the major pros of focusing on US currency for coin collecting with children has to do with history. Coins are one of the many different parts of history, with different coins being minted during different periods in US history. Children will learn about different aspects of history as they research the coins that were minted before they were born.
- Current currency is also offering a glimpse into history, pulling for figures and facts about our history and adding them to the design. Recent state quarters and presidential dollar coins are giving kids insight into our history, providing a base for history discussions in the family. Focusing on US currency can be a great way to get in some extra education with your child.
- Focusing on US currency is also easier for many families, as this type of currency is more readily available. You can easily find both old and new coins at coin shops around the nation, making collecting easier for your child. Foreign currency may be hard to find, depending on where you are located.
Cons
- The only real con to collecting just US currency is the fact that you may be holding your child back from experiencing the culture of other currencies. It can be a great exercise in multiculturalism to collect coins from various countries – your kids will learn how other countries operate and will learn more about their history through collecting their coins. Interesting designs are also a good reason for ids to go beyond US currency, as other countries are more creative and intricate with many of their currency designs.
Sticking with US currency is going to give your child a small sense of national pride while helping to teach them about the history of their country. With that being said, it keeps them from learning about other countries and denies them the interesting types of currency found in different parts of the world. You simply need to think about your child’s collection and what they enjoy. Ask them about the types of currency they would like to collect after showing them examples of both. For many, this is the perfect way to help decide between sticking with a US theme or looking abroad for a coin collection.
Photo Credits: AntTree
Originally posted 2011-05-13 03:25:25. Republished by Blog Post Promoter
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February 7th, 2012 — Buying and Selling Coins
If you are jumping into the world of coin collecting or are thinking about expanding beyond your coin collection, you are going to look to paper money collecting. Paper money collecting can be just as interesting and just as unique as coin collecting. With that being said, the world of paper money is completely different than coin money.
There are a couple of things that you want to consider if you are going to debate a paper money purchase. Taking the time to think about these various aspects of paper currency collection and the purchase that you are thinking of making will help you to make the right decision.
The Cost
The first thing that you are going to want to consider when debating a paper money purchase is the cost. You truly need to sit down and think about the purchase that you are about to make and how it will affect your budget. If you do not think you have the money to spend on this particular piece of money, do not do it.
You also want to think about cost in terms of value. You want to look into the actual value of the paper money that you are thinking about buying. You should never overpay for paper currency, as you will find that you lose money on the investment in the long run.
The Rarity
If you find yourself debating a paper money purchase you need to think about the rarity of the paper currency you are thinking about buying. If a piece is incredibly rare and is a piece you have been looking for, you may want to make the purchase right away. If it is a form of paper currency that you find all of the time, you can pass it up and know that you will eventually find it again when you are ready to make that purchase.
Your Collection
It is important for you to think about your entire collection when thinking about a paper money purchase. You need to think about whether or not it is a necessary purchase for our collection, and whether or not it is going to enhance your collection. If you think that the paper currency is not going to add any important value or interest to your collection, why make the purchase in the first place?
You need to take all of these different factors into consideration before you make your final decision about the paper money purchase. You may find that it will be the perfect addition to your collection, or may find that you should not spend the money on this particular piece of money at this time. Be sure to take the time to think about these various factors each and every time you consider one of these purchases. It will help to ensure that you do not spend too much money or make an unnecessary purchase for your collection.
Photo Credits: epSos.de
Originally posted 2011-01-31 03:25:15. Republished by Blog Post Promoter
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February 7th, 2012 — Coin Collecting
If there are people in your life who you think would enjoy beginning coin collecting, then there are some great resources that can help.
Many websites assist parents and friends of those who are interested in beginning coin collecting to learn the basics about coins and what’s available. Once a person, including a child, is educated about coins, they may begin a fascinating hobby that will interest them well into adulthood.
What about the great site about starting a coin collection for four dollars? It’s a simple and fun way to get a child (or an adult) interested in starting a coin collection and excited about what they might find.
Simply collecting pocket change for several months can be another fun method for sharing the love of coins. Without examining it, dump your change into a jar or bucket every day for some time.
When you’ve collected a substantial number of coins, bring the beginning coin collection novice in and have them examine each coin. If you’ve got enough knowledge to help them identify unusual coins, then you can help them divide the promising from the not so promising.
If you don’t trust your expertise, use the simple rule of finding the unusual and looking them up. Look for very old dates, different fronts or backs of common coins, and unusual words on coins.
A beginning coin collecting activity of searching online or studying a basic coin collecting book is a great way to learn about coins and spark some interest.
The website for the U.S. Mint is a great site for the beginner, or even the more advanced collector. It has a wealth of information, news, history, games and cartoons about coin collecting, and even a “collector’s club” for those who are beginning coin collecting or are simply interested in learning about coins.
The MegaPenny Project is a great look at how you can focus your collecting. It has what may be the most in-depth look at a single coin that you can find online. The analysis of size, weight and comparisons makes the subject come to life.
The Ancient Coins for Education project offers teachers and others interested in educating children complete lesson plans centered on an “archeological simulation” where ancient coins become a learning tool once they are discovered by an educator.
Children will not only learn about coins, but will learn about archaeology and ancient life as well.
Another approach to beginning coin collecting is to choose a particular coin and do some in depth research with a child or new collector. The Morgan dollar, for example, is a fascinating coin with an interesting appearance and an unusual history.
There are two different types of Morgan dollars since the coins were struck in two different ways. The finishes are so strikingly different, it’s a pleasure for those beginning coin collecting to work with them.
There are other fun coins to introduce to a beginner, like the new Lincoln Rail Splitter penny. You might also begin with a study into the “heads” and “tails” of coins and how to tell the difference when the front has no portrait.
Photo Credits: hazm8
Originally posted 2009-06-05 05:51:10. Republished by Blog Post Promoter
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February 5th, 2012 — Buying and Selling Coins, Foreign Currency, Paper Currency, paper money
It can be easy for many to collect U.S. Currency, but somewhat difficult for these same people to collect foreign currency. Foreign currency provides an interesting spin to coin collecting and paper money collecting, but can be difficult for some to obtain. While some stores carry foreign currency on a regular basis, others do not.
There are a couple of different tips and tricks to follow if you are thinking about expanding your foreign currency collection. These are just some of the many different ways that you can expand your overall collection.
Travel
If you are trying to find coins from a specific location of the world, you may want to travel to that part of the world. If you are simply interested in starting a foreign currency collection, start to collect money from the places that you are visiting for different reasons.
It is much easier to find older coins and older pieces of paper currency of international origin when you are actually visiting international places. If you are thinking about traveling and thinking about picking up some coins you are going to need to bring extra money with you. Prepare for the extra expenses to ensure that you are not strapped for cash as you travel.
Talk to Friends Who Travel
If you have friends or work colleagues that travel internationally, talk to them about your coin collection needs. You may be able to give them money in hopes of finding some different coins or paper money in the area. If you are just starting your foreign currency collection, simply give them some money and ask them to exchange it when they arrive at their destination. This is a quick and easy way to get together all of the current currency of a country without having to leave the comfort of your home.
Budget
If you are looking to expand your foreign currency collection you need to set a budget. While some see a budget as restrictive, others see it as a way to make faster purchases. If you have a specific budget set for your foreign currency collection you are less likely to balk at a purchase. If you have the money in your budget for the coin or piece of paper money, you will act quickly to purchase it and add it to your collection. A budget will help you to stay on track monetarily and will help you to expand your collection.
There are going to be plenty of other ways for you to expand your foreign currency collection and get the coins and paper money from around the world that you seek. These tips are for both the incredibly passionate and the slightly interested, as you can tailor your actions to your needs and your passion for foreign currency. Something like setting a budget is perfect for all levels of interest, while traveling is something that is more for those who are serious about their collection.
Photo Credits: Homini:)
Originally posted 2011-02-02 03:31:25. Republished by Blog Post Promoter
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February 4th, 2012 — Buying and Selling Coins, Coin Collecting
Coin collecting is an interesting and unique form of collection in the sense that people spend money to acquire pieces of money that are rare and no longer created. The cost of coin collecting is obvious in the sense of actually having to take the time to purchase different coins. Beyond that, hidden costs can change how you feel about coin collecting.
You need to focus in on exactly how much this form of collecting is going to cost you before you actually choose to start collecting coins. Taking all expenses into consideration will help you to jump into your collection in a strong and confident way.
Cleaning
Cleaning accessories are accessories that you are going to need to factor into your budget as you think about the cost of coin collecting. Every coin collector is different and is going to want to use different cleaning methods to keep their coin collection looking as good as new. You need to think about all of the different cleaning options that you have, and what options work best for you. Then, take a trip to your local store to find out how much all of those different accessories cost. Some will be surprised at how cheap it is, while others will not have expected any of that initial cost in the first place.
Accessories
You need to think about all of the different collection accessories that you are going to need to use while collecting coins. You are going to need cases for individual coins and for individual paper money pieces. You are also going to need larger cases that hold all of the different coins that you have. Finally, you are probably going to need to factor in some form of record-keeping system. While you may keep it on your computer, you will want some form of hard copy in a protected binder. This helps you to keep track of what you have and help others to understand what you have should you need to pass your collection down to a family member.
Purchases
The major cost that comes from coin collecting does come in the form of the actual purchase of the coins and paper money pieces. Future coin collectors should understand that some pieces are going to be more expensive than others, and that some pieces can cost hundreds or thousands of dollars. Take the time to look into the costs of different coins at local coin collector shops to see exactly how much you may spend for the coins you want.
You need to take into account the amount of money that you will spend on the various currencies that you want, and must take into account the cost of collection accessories. If you can factor in all of these different costs and still afford to run your collection, you will be able to enjoy your collection to the fullest.
Photo Credits: Cycrolu
Originally posted 2011-01-24 03:21:45. Republished by Blog Post Promoter
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February 1st, 2012 — Coin Collecting, Rare Coins
Rare coins can be an incredibly important part of any coin collection, as they provide interest, intrigue, and pride to the collection itself. Some people will only have a few of these coins in their collection, while others will have a wealth of these coins. Whether you have one rare coin or a multitude of rare coins, you need to work to make sure that the coins are cared for.
There are certain actions that you must take to protect the coins in your collection, especially the rare coins that you do have. These coins have high values and should be treated as such. These are just some of the tips to consider when taking care of the most valuable coins in your collection.
Clean Them Carefully
One of the most important things for you to do to your coin collection is to clean it. The same can be said for rare coins – you need to clean them to keep them safe. A serious cleaning when the coin first becomes a part of your collection is crucial, as the dirt and grime and cause issues as far as the surface of the coin is concerned. Routine light cleanings will help to keep the coin free of any potentially damaging surface substances while keeping the coins looking their best.
Secure Them
If you have rare coins, you must keep them secure. Do not put the rare coins in a location that is easily bumped. Do not allow the coins to move freely, where they could bump up against one another. Small dings and scratches can cause serious issues as far as value is concerned, especially if the damage is in one of the important areas of the coin, like the mint location or the year. If you properly secure your coins, you will be sure to avoid any potential issues as far as bumping and scratching is concerned.
Insure Them
One of the things you must do to care for your rare coins has nothing to do with the physical aspects of the coin. You need to insure all of the rare coins that you have. This will help make sure that your coin value is insured. Should anything happen to the coin, you will not lose the value of the coin. Many fail to realize that a rare coin is an investment – should something happen to that coin, and you are uninsured, you will lose the investment.
If you are starting to collect rare coins, you are getting into serious coin collecting. You need to act like a serious coin collector if you want to make sure that your collection is secure. Taking care of the rare coins you have in your collection is imperative, as it is necessary to make sure that the coins do not lose their value at any time. Follow these tips and seek out other tips to truly understand how to care for your rare coins.
Photo Credits: kevindooley
Originally posted 2011-05-27 03:06:02. Republished by Blog Post Promoter
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January 31st, 2012 — Buying and Selling Coins, Coin Collecting
There are hundreds of different coin collector shops in every state, with each coin collector shop claiming to be the best shop for finding your coins. There are positives and negatives to working with each shop – pros and cons that you would not figure out if you do not take the time to look into each shop.
There are a few different things that you are going to want to look into as you work to find a coin collector shop that can meet your needs. These are some of the things that you will want to look into as you work to expand your collection.
Reputation
You do not want to work with a coin collector shop that is known for pushing counterfeit bills or for poor customer service. Speak with other collectors in your area and read online reviews to get a feel for the different coin collector shops in your area. You may find that there are a few rotten eggs in your town, coin collector shops that you will not want to work with for your own collection.
Variety
You want to work with coin collector shops that have a wide variety of pieces. A collector shop that is too narrow in their coin and paper money choices will often fail to have the pieces that you are looking for. A store with variety is constantly changing, and may eventually have the coins that you are interested in collecting.
Fair Price
You should never work with a company that is prone to trying to rip people off. Take a look at the prices of the coins that you know the value of. While slightly higher prices are to be expected, price gouging is not. If you find a shop that is practicing in price gouging, you may want to move on to a different coin collector shop.
Negotiations
The only saving grace for shops that charge too much are shops that are willing to negotiate. They may often be willing to negotiate drastically – simply raising prices to ensure that they wind up with a fair deal for the coin on their own end of the sale. If you run into a coin collector shop with high prices that is unwilling to negotiate, move on to a different shop. You should never pay too much for a coin.
If you are serious about coin collecting you are going to want to make sure that you find reputable coin collector shops to work with. These different shops are going to be able to provide you with the coins and paper money that you need for your collection. They will offer the money at fair prices and will help you to ensure you avoid counterfeits. These are just some of the major benefits of a good coin collector shop that are found when you know what to look for in each shop.
Photo Credits: Le Petit Poulailler
Originally posted 2011-01-17 03:56:01. Republished by Blog Post Promoter
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January 30th, 2012 — Ancient Coins, Coin Collecting, Greek Coins
As a link to the ancient world, coins are an incredibly popular way to capture this history. Thanks to the minting process and the metals that were used, we can still enjoy many ancient coins today. Greek coins are increasingly becoming more popular and their unique designs enhance any coin collection. For those that are looking to collect these coins, but are uncertain as to whether or not they are dealing with an authentic collectible, there are a few guidelines.
1. Check the Wear
An ancient coin will understandably look a bit old. In many cases, you are dealing with coins that were produced thousands of years ago. If the Greek coin you are looking at it is shiny, or has no visible signs of wear, there is a good chance that it is not authentic. Most collectors do not restore these coins since their wear is a sign of their true age. If you do find a coin that is in remarkable condition, there is a chance that it is authentic, but the chances are few and far between.
2. Check the Back
Ancient Greek coins will typically have a name engraved on the back, but it won’t be of a king or of anyone incredibly important. Instead, in this culture, it was customary for the person that actually minted the coin to put their own name on it. This was a unique practice and it offers a great way for the average collector to be able to authenticate a Greek coin. Since the vast majority of these coins bear some sort of engraving on the back, this will help you determine whether or not the coin is authentic.
3. Check the Design
Minting equipment was understandably not as advanced as today’s equipment and that means that very often, the designs on Greek coins will not be perfect. This is actually desirable and if you do find a coin that is too perfect, it is a major sign that it may not be authentic. Take the time to thoroughly examine the coin. If you cannot spot any flaws, there is a very good chance that it is not authentic.
4. Check the Certificate
Many ancient coins that have already been authenticated will have an accompanying certificate. While this can of course be forged, you can follow up with the person that did the appraisal and authentication. If you cannot contact them or they do not have any knowledge of the coin you are dealing with, it is best to save your money and find another Greek coin to buy.
5. Check the Shape
Last but not least, coins made during this period were quite often not perfectly round. Look for a slight deviation on your Greek coin. If it is slightly off, then this is a very good sign that it is authentic. Remember, many of these Greek coins were hand made, one at a time and whenever you are dealing with that kind of process, the chances for imperfections are very high.
Originally posted 2008-08-22 05:00:37. Republished by Blog Post Promoter
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