November 1st, 2009 — Coin Collecting, Coin Collection Value, Coin Value
Collecting coins is simply a hobby or a passion for some people, but for other people it is truly a science. For at least the past century, people have been taking this hobby much more seriously and now there are a myriad of different coin collecting book options to choose from because people from all over the world are writing guides on coin collecting. The people that write these coin collecting books are doing roaring business within the industry because there is a great amount of importance in having a well written coin collecting book to value your coin collection.
Each coin collector tends to have a favorite coin collecting book depending on what their individual needs are. There are general guides and there are also more specific coin collecting book options such as those that focus on coins from a specific period of time or from a specific country around the world. The best coin collecting books are those that provide images, because these images make it possible to line your coin up with the real thing, determining not only whether or not you have properly identified your coin but also to see what grade your coin is based on eyeballing it.
Some coin collecting books allow you to search for coins by certain features, such as coins featuring a face, or a monument, or a sword and shield. Some people collect coins based on these features, so being able to identify them this way is very useful for some coin collectors. In other words, being able to consult a coin collecting book whenever you need advice or feedback on a particular coin, can be really useful and helpful for most coin collectors.
Having a coin collecting book is truly an asset if you are interested in collecting coins. Not only will it help you identify the coins in your collection, but it will also make it possible for you to place a value on each of your coins so that you can determine what your collection is worth. Having values for all of your coins is not actually necessary if you are just collecting for fun, but it is still really useful to know what you have and what your coins are actually worth, especially if you have any valuable coins in your collection that should be insured for safe keeping.
Coin collecting has managed to become a profitable endeavor. Having a coin collecting book that lets you know what your coins are worth and what types of treasures you have collected is definitely a good thing. It allows you to know how far you’ve come in your coin collection, and also gives you a positive outlook on where you can take your coin collection in the future.
Photo Credits: aresauburn™
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October 16th, 2009 — State Quarters, US Coins
If you have an interest in coins or coin collecting, but you are not really sure where the place is to get started, why not consider starting your own unique state quarters collection?
Collecting coins, especially starting a state quarters collection is a hot topic right now, at least as far as many coin collectors seem to be concerned. One of the most popular types of collections to come along in a number of years is the state quarters collection, especially because this is a collectible item that isn’t rooted in a fad, meaning that you do not have to worry about your state quarters collection losing value or being worthless in the future. Anybody from any age, gender, any income background and absolutely any walk of life can do what it takes to start up a state quarters collection. Is this something that you are curious about doing?
Since state quarters are relatively easy to find, everyone can afford to begin a collection. If you’re on a budget, simply save the ones that you find in your change. You can also buy uncirculated editions from coin dealers or from the US Mint if you are becoming a little more serious about your state quarters collection.
The program that released a state quarter for every state in the United States ran beginning in 1999 and ended in 2008. Five different coins were distributed every year, with intervals of 10 weeks or so separating them. Each state quarter has an individual, unique design that is printed on its reverse side. The quarters were both minted in Philadelphia, Pennsylvania and Denver, Colorado on a nearly 50% each basis.
The quarters that were minted in the year 2000 seem to be the most plentiful batch, as nearly 6.5 million coins were produced in that year alone. The lowest run of production was for the Iowa based quarter, which came from the mint in Philadelphia, as only 213,800,000 coins were made. The largest minting was for the Virginia based quarter, which was also minted in Philadelphia, and had a run of a total of 943,000,000 coins.
According to market research that was conducted in the year 2000 by the U.S. Mint, more than 106 million Americans were participating in some form of a state quarters collection. In April of 2006, it was determined that as many as 140 million collectors had begun to collect their own state quarters collections. This is the kind of collection that you can involve your entire family in if you like, or something that you can do all on your own as well. Because there are so many editions of the coins out there, it should not be difficult to create a complete collection of all 50 quarters.
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October 10th, 2009 — Coin Collecting, Coin Collection Value, Coin Value
Coin dealers, just like any other type of dealer or business, requires stock that they can sell to the public. Rather than obtaining or acquiring their stock from a factory or manufacturer however, they obtain their coins from the public instead. Classic types of rare coins have to be acquired from more advanced collectors or from auctions but lesser rare coins can still show up just about anywhere including in your normal pocket change. Below are some coins that are often ignored by your average person despite being capable of bringing in real money, should a hobbyist notice it and offer it for sale to people interested in rare coin collecting.
If it weren’t for the diligence of some rapid coin collectors interested in rare coin collecting, many of the coins in the following list would go completely unnoticed. These coins are often found by way of careful scrutiny.
- The 2004 Wisconsin State Quarter, on coins featuring an extra leaf.
On some of the Wisconsin quarters minted in 2004, there is an extra leaf either below the corn husk or at the very base of the husk. The value of these coins ranges from $50 to $100 dollars.
- The 2000-P Sacagawea Dollar from Cheerios
These coins were placed randomly in a number of Cheerios cereal boxes after being packed in protective plastic sheets. These coins exhibit more detail than the later production coins. The value of these coins is as yet undetermined.
- The 5c Doubled Monticello from 1939
This is a 1939 Jefferson nickel, and while this coin is relatively easy to find, locating the doubled die reverse is not going to be as easy. The value for these coins is between $30 dollars and $500 dollars depending on the quality of the coin.
- D/horizontal D 5 cent piece from 1942
This Jefferson coin is not the same Wartime silver alloy, but rather it is the previous variety which is a copper and nickel alloy. More than 14 million coins were minted, which was a fairly large mint for the time period. The coins struck from the die with the error are relatively elusive, but still possible to be found. The value for these coins is between $30 dollars and $500 dollars depending on the quality of the coin.
This is perhaps the kind of the doubled dies, as it has spectacular doubling. They were originally discovered in coin rolls. Nearly the entire output from the improperly struck die managed to reach to circulation, so you will really never known when one of these true beauties is going to show up. The value for these coins is between $500 dollars and $1,500 dollars depending on the quality of the coin.
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September 22nd, 2009 — Coin Collecting, Silver Bullion Coins
People buy silver bullion coins for a few different reasons. Some buy them because of the precious metal content as an investment and buffer against inflation. Some people buy them because they fear that one day our popular currency will become worthless, and they want to be prepared with the only kind of money that would likely be worth anything in that case. They know they could use gold and silver coins to barter for goods and services if paper money were repudiated. And some buy bullion coins because they’re coin collectors and they want to add these brilliant pieces to their collections.
If you want to buy silver bullion coins for investment purposes, then your true investment in the silver lies in not how many coins you buy necessarily, but how many ounces of silver you end up owning because of those coins. In this case, it doesn’t matter if the coins can be used as currency, so foreign coins which contain high amounts of silver are as good an investment as United States coins, or vice versa, depending on where you live. The age of the coins is irrelevant, too.
Silver bullion coins minted since 1965 contain stamps showing the purity of the silver within them and the silver coins pre-dating this do not, but that makes them no less valuable as an investment. Many people think the only silver bullion coins used in the US are dollars like the 1 ounce American Eagle, which is a popular collector’s coin. But before 1965, several types of coins contained 90% silver, like dimes, quarters and half-dollars. These and coins like the American Silver Eagle, which contains 1 ounce of pure silver, are a good investment and in a worst-case scenario where the value of paper money dropped substantially, these coins could be used as money.
Survivalists who invest in silver bullion coins typically purchas as many coins dating since 1965 as possible. They believe that it’s likely that one day our money system will collapse and the only real currency that one could survive on would be silver and gold bullion. Since the silver content is stamped on each coin produced since 1965 showing that it’s an ounce of pure silver, they believe that it will be easier to get people to accept those coins as payment in the event of a financial collapse. For these purposes, they’ll typically buy $1000 face value bags, or bags in smaller increments, rather than individual coins.
For collectors, the earlier coins are often considered junk coins, because they have little numismatic worth. Silver bullion coins for collectors are typically silver proofs or coins in Brilliant Uncirculated condition, only if they really want the coin and can’t acquire a mirror-like proof. If you’re looking on eBay for collector coins, a popular place to find them, you’ll need to do some research on the individual silver coins so you can tell the difference between BU and proofs, as often they look similar.
Originally posted 2008-10-27 14:00:50. Republished by Blog Post Promoter
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September 21st, 2009 — Coin Collecting, Liberty Head Silver Dollars, Morgan Silver Dollar, US Coins
Liberty Head silver dollars have been referred to in many different ways over the years. First they were called Buzzard Dollars, because no one really liked the original design of the rather scrawny eagle on the back. The large, heavy coins were also referred to as Cartwheels, and are today most commonly referred to as Morgan Dollars, after their creator, George T. Morgan.
Though when they first appeared in 1878 these coins weren’t popular at all, today Liberty Head silver dollars are one of the most collectible coins in the world, among silver and all other types of coins. When these coins were minted, the dollar coin had been discontinued for 5 years already, with Americans showing a clear preference for paper dollars. The coins were minted because of the large silver surplus created by the purchase of silver from the Comstock lode in Nevada, to keep Nevada’s economy above water. To use the silver, these coins were commissioned.
George Morgan was an Englishman who designed the Liberty Head silver dollars, and despite his post as US Chief Engraver after that, one he held for over 40 years, these coins were the only American ones he ever designed. Because these coins weren’t popular and few people used them, production stopped in 1904. Many of the coins were melted down in 1918 to help Great Britain’s war efforts. Then more were minted in 1921, but only for a brief time before the Peace Dollar was minted to commemorate the end of the war, and quickly became the most popular silver dollar in America.
The Liberty Head silver dollars continued to be melted town, and the public showed little interest in collecting them until about 1972, when a large collection of over 400 bags of the rare Carson City minted dollars was discovered. The collection ended up selling at auction for over $7 million dollars. While all these dollars are collectible, some are more valuable and sought out than others.
The most rare Liberty Head silver dollars are those minted in 1895. Called the “king” of these dollars, some have sold for over $100,000 at auction. What makes these coins particularly valuable is their rarity, and the mystery surrounding them. Twelve-thousand 1895 coins were struck, according to mint records, yet only about 80 have ever been accounted for, and all of those were proofs. None of the regular circulation coins have been recovered. Whether they were ever minted at all comes into question, but doesn’t lessen the mystique of the coin.
Liberty Head silver dollars, aside from the 1895 strike, aren’t particularly rare because millions of these coins were minted. They were larger than typical coins, and the original eagle design wasn’t popular, yet today they’re consider one of the most collectible US coins available. Online auctions are an inexpensive and ideal way to purchase these collectible coins, whether you want to purchase them to begin investing in silver, or to make the Liberty Head silver dollars an important part of your coin collection.
Originally posted 2008-11-11 14:00:28. 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 19th, 2009 — Bullion, Coin Collecting, Silver Bullion Coins, US Coins
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
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