Coin Collecting

Having a coin collection is something which more and more people are getting into every year. This is because it is fun and it can be quite profitable when you get a good deal on a coin. This is because some coins can be worth nothing more than the face value of the coin. Others can be worth thousands to millions of dollars. The better the deal you get on the coins that you purchase, the better a chance you have that you will be able to make a huge profit when you sell it later.

This raises the question as to where you should go when you are looking to buy coins. While there are many places looking to sell coins, most are looking to sell at or above the market rate. Even when you find a place which is willing to sell at a discounted rate, they do not want to come down too far from the market rate. This means you have to get clever. There are a few places which will allow you to buy coins at a great rate. You will just have to be willing to work for your score.

Shop at Antique Stores

While antique stores are great at knowing a lot about different kinds of antiques, they do not know very much about numismatics. They will sell raw coins or coins in flips or coins in bags. You will even occasionally find graded coins in slabs. What you will not find are coins being sold anywhere close to what the market rate is. This will allow you to get a coin at a fraction of the price that it is normally worth. You will have to be willing to sift through a lot of useless coins before you get to something which is worth your time.

Shop at Garage Sales

Just like with antique stores, garage sales can be a treasure trove for numismatics. You will be able to buy coins which are worth thousands of dollars tagged with a price of slightly more than the face value of the coin. The price is indicative of the coin and the “fancy” case they are selling along with it. Little do they know, they have a MS65 Saint-Gaudens 1927 coin that they are selling for $25. While this is a dream scenario in minds of most, it is a story you hear all too often.

Shop at Coin Auctions

While this is the lowest yielding of the three options to buy coins at a discounted rate, this is also the safest route. This is because the majority of the coins which are available have already been graded and slabbed. You know exactly what you are buying and you will be able to get it for less than what the market rate is. It is important when buying in this arena that you set limits to the amount you are willing to spend on certain coins that you see before the bidding starts.

Photo Credits: Ivan Walsh

Originally posted 2010-08-20 03:02:12. Republished by Blog Post Promoter

Most of the individuals who get into coin collection focus on the coins of the past, as they want to make sure that they have the best coin collection possible at that very moment. They want to have an impressive collection that satisfies their immediate need for gratification.

Those who are serious about coin collecting will take a step back and think about the future of their collection. They take the time to understand what they need currently, and what they should wait into the future for. Those who utilize these tips will be the ones with the strongest coin collections in the future.

Weigh Current Value

It is incredibly important for you to take the current value of any potential coins into consideration when coin collecting. You want to make sure that you are paying a fair price for the piece that you are interested in. If you pay too much for a coin, you may never see that money back in increased value. You need to research current values for all coins you are interested in.

Weigh Future Value

If you want to have a strong coin collection you are going to want to weigh the future value of any coins that you are considering adding to your collection. You want to know that you are getting coins that are only going to grow in value – the more rapid the growth and the higher the growth, the better.

Collect Low-Value Now

There will be some pieces that are going to be valuable in the future but are currently at low value. These are the coins that you should be picking up while coin collecting. Their low value makes them easy to grab but their future value makes them perfect for your collection.

Create Diversity

If you are thinking about the future of your coin collection you need to think about the direction of your collection. Creating diversity now will help to give you a more well rounded collection in the future. Be sure to dabble in both coins and paper currency, and be sure to collect currency from around the world. The more diversity, the better.

Care For Your Coins

If you want to have a strong future coin collection you need to make sure that you take care of your current collection. Be sure to keep a complete written catalogue of your coins and be sure to keep them in cases. You do not want the coins banging around in open spaces or open to the elements.

A large part of strong coin collection comes in the form of making strategic moves. Thinking about the future of your coin collection will help you to make all of the right steps when trying to create a solid and strong collection. These different tips are going to be able to help you to think about your coin collection in terms of the future, helping you to create a strong collection.

Photo Credits: seychelles88

Originally posted 2010-12-17 03:40:46. Republished by Blog Post Promoter

One of the reasons as to why some people are so attracted to coin collecting is because it can be a challenge. There are some coins which can be hard to find that cannot only make a great investment into ones collection, but they can provide one with a sense of accomplishment when they are acquired. The problem is that many people do not know how to go about looking for a specific coin for sale. When people do not know how to go about looking for a coin they can often be duped into making an unwise investment into a coin.

Below are some of the things any coin collector needs to know before they begin their pursuit of any coin for sale. The rules which one needs to follow should always be applied when one is looking to make any type of purchase of a piece of currency to add to their collection. These rules can help those who are looking to buy a coin from a private collector, a coin shop, coin vendor, or a coin distributor on the internet. Following these rules can help one to protect their investment into their personal coin collection.

Grading

Before a collector purchases a specific coin for sale they need to be well educated in the coin grading system. The Sheldon system is the most widely used coin grading system in the United States by coin collectors. Any coin that a collector is looking to invest in should be graded on this system by one of three top and most recognized coin graders. Only buying high grade coins that have been properly graded is one of the ways a collector can protect themselves from being taken advantage of by less reputable coin sellers.

Reputable Sources

When buying coins a collector needs to take the time to find reputable coin dealers. This means taking the time to look at reviews of a coin dealer and doing some research on them. This needs to be done by any collector before they buy a specific coin for sale because there are many coin dealers who are out to take advantage of less educated coin collectors. In order to make sure you do not give your money over for a bad quality or fake coin, do your research and protect yourself.

Asking Questions

Do not be afraid to ask questions before you buy a specific coin for sale. This will ensure that you are protecting the investment you are making into your collection. If you need, you may want to call one of the reputable coin dealers in your area before making an internet purchase or a coin purchase from an unknown source. You should also be cautious if the source you are looking to buy a coin from cannot answer some of the basic questions associated with the coin. This could be a sign that buying from them could be a bad investment for you.

Photo Credits: K. Todd Storch

Originally posted 2011-08-22 08:01:25. Republished by Blog Post Promoter

When it comes to collecting money there are several different types of paper money and currencies which one can collect. Some types of coins and paper money can be easy to access, while others may offer a certain level of difficulty. Some people are attracted to collecting certain types of currencies based on these factors. For those who like a little more of a challenge when it comes to collecting money they may lean toward having a dollar coin collection.

One of the many reasons that people enjoy having a dollar coin collection is that these coins have a wonderful history to them. Each type of dollar coin tends to have a story attached to it. The stores which are associated with several coins are generally very interesting. These stories can offer a lot of insight to certain times in history and the mentality of the people at that time the coin was minted. These coins can be a symbol of some of the greatest eras in countries history. They can often mark an era which long ago faded away with changes which were economic, social, and political. These are some of the coins for true history buffs to have a dollar coin collection.

Step Back in Time

Some of the items which are the most sought after for any dollar coin collection is those which were associated with the early days of the American West. These are time periods which many people romanticize and enjoy having some type of connection with. Some of the dollar coins which come from this ear are gorgeous and have some of the best stories attached to them. Many of dollar coins which were minted during the days of the Wild West in America have great tales attached to them about the specific happenings of those times. Some of the dollar coins from this ear are some of the most prized collectables in these types of collections.

New Discoveries

It is not uncommon to find dollar coins which have recently been discovered and put on the collectable coin market. As some of the areas of the western United States are being developed for various reasons collections of dollar coins have been discovered. Most recently some silver dollar coins were found in the west in a cave in an area that was being developed. The coins which were found here are some of the most sought after dollar coins. Since these coins were in a cave undisturbed they are in mint condition. Discoveries such as this one make having a dollor coin collection fun.

International Collections

Some collectors not only get great joy from having dollar coin collections, they also enjoy collecting the international versions of these coins. Much like the American dollar coins, international versions of this type of coin also have interesting stories attached to them. Finding and collecting these coins can be a great joy to all who collect them. Learning the history of these coins is all part of the fun associated with collecting them.

Photo Credits: NedraI

Originally posted 2011-08-24 08:05:48. Republished by Blog Post Promoter

There are many different kinds of coins you can collect. You can collect the standard coins which are distributed throughout society. You can also collect all of the commemorative coins which are designated to pay respects to the different states, Apollo 11, Presidents and more. One of the oldest and still the most collectible of coins are the gold coins. In order to make sure that you are getting the best gold coin prices, it is important that you are able to properly determine what the prices are. You will be able to determine the prices for the gold coins that you want to buy by going through a few easy steps.

The first thing you will need to do when determining gold coin prices is that you will have to determine how rare a coin is. Next you will need to determine what the grade of the coin is. Last you will need to determine what the market has recently been trading the coin at. These factors will help to determine exactly what the prices are that you will need to sell your gold coins at so that you will get a fair price for them without overcharging those who are buying from you.

Rarity of your Coins

The coins you are looking to buy or sell will have a specific rarity to them which will help you determine the price of the silver coins. The rarer the coin is, the higher the gold coin prices. This is the trump card. If the coin is very rare you will be able to charge a lot when you sell it. Look for coins which have a rate of less than a few thousand when they were struck or a current rate of less than a hundred.

Grading of Coins

All coins can be graded on the Sheldon Scale. This is a scale which goes between 1 and 70. 1 is the poorest quality and 70 is the best you can get. The higher the grade of the coin, the more valuable the gold coin prices will be. The best idea when you are looking to grade these coins is to get them graded by the professional associations like PSCG, NGC and ICG. These will offer grading which will be recognized throughout the industry as a grade which can be trusted as being genuine.

Market Price for Coins

The last thing you will need to do in order to determine gold coin prices is to look at what the industry has traded the coins for recently. You will be able to get the prices which will be undisputed by the others in the industry that you are looking to sell to because they will be able to look at the same reports that you saw and they will be able to see that they are getting a fair price. While they might be able to argue the rarity and the grade, they cannot argue the price in the market.

Photo Credits: woody1778a

Originally posted 2010-08-13 09:17:21. Republished by Blog Post Promoter

Coin collecting is something which has been popular for a long time. In fact, there have been reports that there have been numismatists as far back as the Egyptians and the Romans. This has only continued to grow over the centuries. Today there is a lot more information which is available for those looking to get involved in coin collecting and the numismatic study in general. These guides exist to help those interested in currency, whether it be collecting or researching to get the best information possible so that they can take their interests further.

The numismatic guides which are available can help you to determine the value of your coin collection as well as the different supplies that you will need in order to get started. These guides will also include the different kinds of books and software which is available to help you get more done with the collections that you have or that you are looking to get started with. In fact, you will find the more you know, the more advantages you will be able to find in making money through collecting coins.

Determining the Value of Your Collection

Numismatic guides will detail out for you how you can determine such things as the rarity, beauty and grade of your coins. These are the deciding factors which will allow you to find out exactly how much your collection is worth. Things like finding out how many coins exist and other factors will not only help you to be able to determine the value of the coin. They will help you to determine your ability to be able to add the coin to your collection. This is something that any good collector will need to know if they are serious about collecting coins.

Getting the Coin Collecting Supplies You Need

There are a few different things you will need in order to be serious about collecting coins. For instance, you will need to have a pair of white cotton gloves. These will help you to preserve the quality of your collection as you go through the process of grading your coins and transferring them from temporary cases to permanent cases. The cases themselves as well as the magnifying glass you will need to grade your coins are also part of the supplies which will be detailed out to you in the numismatic guides.

Solidifying Your Collection

One of the best things you will be able to find in the numismatic guides are the books and software which will allow you to find out more about your coins. The books will help you to determine what kinds of coins you have as well as guide you along your path to understanding the history of the coins you have and the coins you covet. The software will help you to keep track of your collection in the values of your coins as well as exactly what the grades and designations of coins you have.

Photo Credits: oceandesetoiles

Originally posted 2010-08-17 03:13:15. Republished by Blog Post Promoter

There are a couple of different ways that you can go about a coin collection and paper money collection. Some people pick their theme based on time periods in history, while others try to stick with money from one particular country or region. There are others bring up a great debate: which is better to collect, old money or new money?

It is possible for individuals to have collections that focus on either type of money. If you are trying to figure out the theme for your collection and cannot decide on old or new money, here is an argument for both.

Old Money

Old money is truly steeped in history, providing the coin collecting and paper money collecting world with incredible stories. There are certain pieces of money that were altered in times of war, and more rare pieces that there are few of. The thrill of the chase is something that comes with collecting old money, as you are going to be able to find pieces that are rare and costly. If you are looking for an experience that brings in history, intrigue, value, and rarity, you are going to want to collect old money.

New Money

New money is easier to find than old money, and is often more colorful and interesting than old money. New money, in terms of paper money, features incredibly vivid colors and interesting technology to keep individuals from creating counterfeit money. New money may not have an incredible history, but is readily available to any and all interest in collecting. Even new coins are interesting, with many mints around the world minting multiple versions of each coin. This provides you with plenty of opportunities for collection and makes collecting that much easier.

Both

Those who have trouble deciding on what to collect may want to consider collecting both. Think about trying to collect all of the $.25 pieces that you can find, or collecting all of the $5 bills in the history of a country and their currency. A mix of old and new is going to provide you with an incredible collection, as those who view it will be able to compare the two up against one another. You can collect rare old money while finding cheap and more interesting new money. The most well rounded collections tend to feature both.

It is important for you to pick out a theme for your coin collection, as it makes it easier to have focus during your collecting. With that being said, you do not need to stick to a theme completely. Take the time to think about the type of collection that you want to have but do not hesitate to deviate from your theme and collect the pieces of money that interest you. As long as you are happy with the pieces that you have and are still interested in your collection, you will be fine no matter the pieces that you choose.

Photo Credits: oceandesetoiles

Originally posted 2011-04-18 03:07:34. Republished by Blog Post Promoter

There are several coins which were minted and used during the Civil War. Some of these rare coins value at very high prices while others do not. There are also several fake Civil War coins which entered the market once people realized that these coins were of value to collectors. If you have a Civil War Coin then you want to be sure you get the value of the coin properly determined. Below is some information about how you can go about determining the rare coins value of your Civil War coins.

The Red Book

Annually a book called the Red Book comes out which has several collectible coins listed in it. The value of the coins at the time the book is printed can be found in the book. This can be a good resource for you of you are 100% certain that the coin you have is from the Civil War era.

The biggest drawback to using this book is that the rare coins value of the coin you are looking up could have changed after the tome the book was distributed. You really only want to use the Red Books if you are just curious about the value of your coin. If you are looking to buy or sell a particular Civil War coin you may want to select a more accurate pricing source.

The Internet

The internet can be tricky place to buy and sell collectible coins. Often people who are selling coins inflate a rare coins value. This is why you should only use the internet to look up information published by coin experts, or numismatics, which are not trying to buy or sell coins.

If you look for resources on the internet which are respected in the coin collection industry you could find that the prices they give are more up to date than the printed in the most recent Red Books. This could make a big difference in your decisions to buy or sell a coin.

Grading Services

It is hard to know what the actual amount of a coin will be without the use of a grading service. If you are going to have your coin graded you want to avoid going to what are called “basement slabbers”. These are coin graders who do inaccurate grading and are not fully recognized or respected by those in the coin collection filed. Instead you will want to go to one of the three top professional coin graders.

The there top coin graders which can help you determine a rare coins value are PCGS, or Professional Coin Grading Services, IGS, or Independent Grading Service, and NGC, Numismatic Grading Corporation. These three services will grade your coin on the respected Sheldon Grading System which consists of a 70 point scale. After they have determined the grade of your coin they will have it sonically sealed so that it can not be tamper3ed with or removed from the case in any way.

Photo Credits: TomConger

Originally posted 2010-08-18 09:29:39. Republished by Blog Post Promoter

If you are looking for an intriguing coin collection, consider adding Maple Leaf Canadian coins to your collection. These Maple Leaf coins are the official Canadian bullion coins and they are created and distributed by the Royal Canadian Mint. They come in a number of different metal types including gold, silver, palladium and platinum. The Canadian Maple Leaf coin was originally designed by Walter Ott, and it has been minted for several decades since 1979. this coin is made out of .9999 fine gold, and it is only minted in Canada and it contains nearly no base metals. Its composition is 1/20 oz which is worth $1C, 1/10 oz which is worth $5C, ¼ oz which is worth $10C, ½ oz which is worth $20C and finally 1 oz which is worth $50C.

The coin’s obverse features Queen Elizabeth II, and then the reverse side of the coin has a picture of the Maple Leaf on it. There are two different obverse variations, one of which is the 39-year old version of Elizabeth II, and the other which is the 64-year old version of Elizabeth II.

The Silver Maple Leaf Canadian coins have been minted since the year 1988. This coin is made from an ounce of .9999 pure fine silver, and it is worth a total of $5C. The average mintage for this coin is 935,680 coins every year, and there have been a number of different variations of this particular coin including the Colored Maple Leaf, the Privy Mark Maple Leaf, the Hologram Maple Leaf, the Olympic Maple Leaf and many others. On this coin, the obverse features one of three different images of Queen Elizabeth the II, one of which is at age 39, one of which is at age 64, and one of which is at age 79. Once again, the coin’s reverse features a Canadian maple leaf image.

The platinum Canadian Maple Leaf coin was minted between 1988 and 1999, and then it was minted again in the year 2002. When it was being minted, it was minted using .9995 fine platinum, and it was available in several different denominations. The 1/20 oz coin was worth $1C, the 1/10 oz coin was worth $5C, the ¼ oz coin was worth $10c, the ½ oz coin was worth $20C and the 1 oz coin was worth $50C. The coin’s obverse featured Queen Elizabeth II and the Canadian Maple Leaf graced the coin’s reverse.

The Palladium Canadian Maple Leaf coin began minting in 2005, and it is still being minted. It is rafted from 1 oz of .9995 fine palladium. The coin’s obverse features Queen Elizabeth II at 79, and the reverse is graced by a Canadian Maple Leaf. If you are interested in collectible Canadian coins, the Canadian Maple Leaf is a good way to go. These coins are estimated to be going up in value because they are precious metal coins, and the value of precious metal is on the rise.

Photo Credits: random dude

Originally posted 2009-08-14 05:50:57. Republished by Blog Post Promoter

The key to having a good coin collection is being able to know exactly what you have and what it is worth. There are many ways in which you can find out how much your coin collection is worth. You can figure out how to grade and appraise the coins by reading different books on the subject. You can even get software which will detail out the methods you will use to grade and appraise your coin collection. Of course, most people still feel more comfortable getting a coin appraisal from an expert.

The question is how do you get an appraisal from a reputable source? There are so many out there which offer to give you an appraisal on the coins that you have, it is hard to know who you can trust. This is when you can turn to the best in the business. It is important to make sure to avoid those which are known as basement slabbers. Making sure that you get a coin appraisal from a good source is the best way that you can protect your investment and make sure that you are getting a good price on your coins when you sell them.

The Best in the Business

When getting a professional coin appraisal, it pays to get it done from those which are the most well known in the business. These companies include PCGS, NGC and ICG. They will be able to tell  you what the grade of your coin is, encase it in the proper casing to protect the coin and best of all, they will be able to tell you what the coin is worth in the current market. This is the best service that you can ask for because you are guaranteed that the appraisal is accurate because of the standards that the companies have.

Basement Slabbers

One of the worst steps you can take is to get your coin appraised by a basement slabber. This is a company which is in the business of grading. However, they will not give you a professional grading. Instead, what they will give you is a lot of ethical problems to deal with. They will give your coin a higher grade than it actually is. This way you will be able to sell the product at a much higher value than it is actually worth.

Selling with Ethics

The reason why you want to go with a good coin appraisal is because it is important to sell with ethics. Those who do not sell with ethics will develop a reputation and will be shunned by the rest of the industry. You will have a hard time being able to buy and sell the coins that you want to buy. It is much better to simply get the right appraisal and sell coins at the price that they are worth. This will help to make sure that you will not be taken advantage of in the future as well.

Photo Credits: MelvinSchlubman

Originally posted 2010-08-12 03:52:55. Republished by Blog Post Promoter