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 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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January 31st, 2012 — Paper Currency, paper money
Paper currency collecting is somewhat of a lost art, thanks to the incredible popularity of coin collecting. Coins are easier to find and often cost less, a major selling point for those who are looking for quantity over quality with their collection. Paper money is something that can be incredibly interesting to collect and is something you should consider for your own collection.
Take the time to give serious consideration to adding paper money to your money collections. The more that you look into this type of collecting, the more interested you may become in paper currency collection as a whole.
Rarity
The first thing that you are going to notice about many of the paper money pieces that are up for collections is that they are rare. The most popular pieces are rare because of the material the money is made out of. Paper simply does not last as long as metal does, making some of the rarest pieces of paper money incredibly hard to find. Most people find it easier to collect coins, but those who are looking for the thrill of the find will love paper money.
Care
If you are thinking about paper money know that you are going to have to be cautious and careful with your money. While most people are careful when collecting coins, they do not know how to treat paper money. You must be more careful, more precise, and seriously consider the medium of them one. You will not be able to wash paper money like coins and will not be able to store paper money like coins.
Cost
While we have covered the rarity of coins, we have yet to cover how that rarity plays into cost. Paper money is going to be more expensive to collect for two different reasons. First, the paper money simply has a higher face value than the coins. Secondly, the paper money is harder to find. Paper money collecting is more expensive that coin collecting is most cases.
Counterfeits
There are plenty of people who try to run the system by counterfeiting paper money. They create fake copies of this money and often do a fairly convincing job. Those who are untrained often have difficult spotting the real paper money from the fake paper currency. If you want to get into this type of collecting, take the time to research the obvious marks of a counterfeit bill.
Some people do not want to deal with paper money collecting. They feel as if it is too time consuming and too hard to do. Paper money can be somewhat rare, requires more delicate care, and can be expensive. If you take the time to truly think about everything that you could add to your collection, however, you will find that you are missing out on an incredible part of currency collecting. Paper money collecting can be a part of your collection and should be a part of the future of your money collecting endeavors.
Photo Credits: quinn.anya
Originally posted 2011-05-20 03:50:27. Republished by Blog Post Promoter
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January 30th, 2012 — Ancient Coins, Coin Collecting, Roman Coins
When it comes to collecting coins or paper money, many prefer to go straight to roman coins. These are highly historic collectibles that may actually be worth a good deal of money and many are quite rare. When you consider the fact that the coin had to survive for thousands of years, it’s easy to see why they are so popular, and why many can fetch such a high price at auction.
Roman coins were originally made in either silver, bronze or gold. Golden coins are considered to be the most rare, and are very hard to find today. However, a few collectors have managed to create quite a private collection of these rare coins. Silver was the most commonly used metal for coins in the period and during 200 B.C., the majority of coins produced were made of this material.
Interestingly enough, many Roman coins are actually made in the Greek style. This has been attributed to the fact that many Romans were doing business with Greeks, especially in certain parts of Italy, and they needed to have coins that would be acceptable to those that they were doing business with. Whatever the real reason might have been, it is obvious when you look at Roman coins that Greek designs did have a big influence on the finished products.
There are many different denominations of Roman coins, but drachmae are the most common. These were used by even the every day people in the city and for many workers, this was their daily wage. Many thousands of these coins were produced, and if you do find a Roman coin today, it will most likely be a drachmae since they were the ones that were the most mass produced. They were usually made of silver.
Bronze Roman coins are quite popular among collectors and while they are rarer than silver coins, they are not worth quite as much as their golden counterparts. Bronze coins were typically used for smaller denominations and were very common during the height of the Roman empire.
If you are looking to collect Roman coins, it is important to make sure that you are dealing with authentic pieces. The coins should not be perfect, in fact, they will have some oddities with their shape. This is due to the fact that the coins were all made by hand during this time period and it was natural that they would not be perfectly round. Most Roman coins will have the relief of an emperor, and this is a great way to tell just how old the coin may be.
Once again, the relief will not be perfect, and you should be able to tell that the coin was handmade. Roman coins that have survived throughout the years may be a bit dull in appearance, which is a good indicator of their authenticity. If you come across a coin that is simply too shiny, you may be dealing with a counterfeit.
To protect yourself when collecting Roman coins, it is always best to get an appraisal before you buy to ensure that they are authentic.
Originally posted 2008-09-05 05:00:05. Republished by Blog Post Promoter
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January 30th, 2012 — Coin Collecting, Half Dime, Rare Coins, US Coins
You might think a half dime is simply a modern nickel. But half dimes were actually silver coins worth 5 cents that were minted before the coins that eventually became our modern nickels. They were authorized in 1792, much smaller than the dimes of the time and much thinner, giving them the actual appearance of being almost half a dime. When lobbyists fought to have nickel included in the creation of new coins in the 1860s, the new three- and five-cent coins pushed out the older silver coins so the original half dimes were last minted in 1873.
The US half dime was minted from 1794 to 1873, and was one of the original coins minted in the United States. The first design is known as the Flowing Hair design because of the Liberty’s flowing hair, but was only struck for 2 years before being changed to the Draped Bust, Small Eagle design. This design also lasted for only 2 years, before half dime minting stopped and wasn’t resumed against until 1800. This design was known as the Large Eagle design, with the Great Seal of the United States appearing on the reverse of the coin. These were struck until 1805, and then no more were minted until 1829.
The half dime that returned in 1829 now bore the words “five cents” instead of half dime. The design appearing on this coin lasted until 1837, when a Seated Liberty design once again bearing the words half dime was minted. New minting in 1837 saw the silver content lessen, though the coins remained the same size. In 1840 the design was changed to include drapery and stars, and wasn’t changed again significantly after that. After the Civil War in 1866, nickel-based 5-cent coins were circulated at the same time as silver half dimes but 1873 saw the last half dimes minted to make way for the 5-cent coins.
Of all the half dimes available today, the 1802 Draped Bust, Heraldic Eagle is one of the most rare and collectible. Only a little over 13,000 of them were struck, but only about 16 are known to exist today. The half dime is still an interesting conversation piece, aside from its collector and real-world value.
Because the silver content of the half dime dropped long before minting stopped, people tended to try to acquire the earlier half dimes so more of the newer coins were struck to replace them. The most valuable coins are the earlier ones with higher silver content, though some were actually minted without the name of the country because of a die problem, and these are valuable novelties for coin collectors.
The half dime is a fairly rare coin so the best places to find one in good condition are places like eBay where a huge variety of sellers can present their items. The best way to find the value of a coin is to consult a coin guide, and compare that to the most recent information you can find online.
Originally posted 2008-12-07 14:00:27. Republished by Blog Post Promoter
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January 24th, 2012 — Buying and Selling Coins, Coin Collecting
Collecting coins is all about building up a great collection filled with some of the best coins that are available. This is true no matter what kind of coins you like to collect. While it is fairly easy to make sure that you are getting a good deal when you purchase coins, it can be a little more difficult to make sure that you are getting the most profit when you sell coins. This is because you will most likely want to hold on to the coins that you have for an extended period of time or you will miss an opportunity to sell your coins at the right price.
There are a few things you can do so that you will get the most out of every coin sale. These tips will work no matter what kind of coins you collect and it does not matter how old the coins are and how much the coins are normally sold for. You will be able to sell coins for the price which will give you the most profit every time. The first thing you will need is to make sure that you have all of your coins graded. You will also need to make sure that the coins are certified. Most importantly, you will need to know the market and be firm in your sell price.
Get Your Coins Graded
The grade of a coin is very important to the price that you will be able to sell it for. This is why you will need to make sure that the coins you have are graded professionally by a third party grading service. Good names to get your coins graded by include PCGS, NGC and IGC. These companies will be able to give you a grade for your coin which just about no buyer will try to refute.
Get Your Coins Certified
In case a buyer wants to refute the grade of the coin, it is a good idea to make sure that you have the coins certified as well. This way you will be able to sell coins which have been certified to be genuine. There will be no room to try and say that the coins are counterfeits or that they have been graded at the wrong level. A certification means that the price you set on the coin is impeachable.
Be Firm in Your Sell Price
Just because a price is impeachable does not mean that someone is not going to try. After all, just as you are trying to get the best price when you sell coins, others are trying to get the best price when they buy coins. Aim high and settle somewhere in the middle. Always have a price which you are willing to go down to but no lower. Make them work to get to that point and do not give them a single cent more. If they cannot accept the price, be willing to walk away.
Photo Credits: woody1778a
Originally posted 2010-09-02 03:13:50. Republished by Blog Post Promoter
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January 19th, 2012 — 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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January 14th, 2012 — Coin Collecting, Foreign Coin Collecting, world coins
Coin collecting is considered by many to be one of the risk free hobbies. You purchase coins at a good rate, hold on to them for a while and then sell them for a huge return. The problem is that it does not always work out this way. As coin collectors start to make more money, they start to branch out. They start investing in things like foreign coin collecting and wind up losing a lot of money in the process. This does not have to be the way. There are ways which you can avoid losing your money.
The biggest problem most people have when investing in foreign coin collecting is that they have no idea what they are doing. Collecting coins which you know nothing about is a dangerous endeavor. This is why you need to learn some history about the coins. You also need to learn some history about the country where the coins originated from. It is also a good idea to be able to spot fakes. As long as you stick to these suggestions you will have a pretty good chance of being able to keep your shirt and even making some money.
Learning about the Coins
The first thing you should know when you are looking into investing in foreign coin collecting is about the coins themselves. This will allow you to find out which years are more valuable than others. In the history of many coins there is normally one years in which less of the coins were created or more were reclaimed by the government or something else happened to make the Mint year so extraordinary. If you know these things you will be able to make better decisions about the coins that you buy.
Learning about the Country of Origin
Often when investing in foreign coin collecting you will need to look at the country from which the coins originated. The coins worth the most come from countries which no longer exist. Take a look at the history of the country as well as the state of the Union. You may be able to discover countries which are about to fold. Finding unique coins from these countries before they fold will turn a nice profit down the road.
Learn to Spot counterfeits
One of the biggest pitfalls which people fall into with foreign coin collecting is purchasing counterfeits. These coins can often be just as old as the original coin. This is especially true of coins which were made valuable centuries ago. In some cases the counterfeits can become valuable, but in most cases you will end up buying something which looks genuine only to lose a lot of money. There are features you can look for which will point to a coin being a fake. Pay attention to these characteristics so that you can make sure that you are getting a genuine coin and not something which was created to fool you.
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Originally posted 2010-08-30 03:54:50. Republished by Blog Post Promoter
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January 4th, 2012 — Buying and Selling Coins, Coin Appraisal, Coin Collecting
Anyone who is into collecting coins is always on the lookout for a great deal on the coins that they collect. There are a lot of great deals out there, but one of the best places you will be able to find great coins is at the coin auctions. This is because the coin auctions are populated by all the people which are into collecting and selling coins on a pretty serious level. You are likely to find some really great bargains on some really great coins when you go to these auctions.
Even better is when you go to an American Numismatic Association (ANA) auction. This is because you will find that the dealers which are in attendance are forced to adhere to the ethics policies which are put in place by the ANA. Even if you do not go to one of these auctions, you are likely to find mostly coins which are graded and certified. You will also find lots which will allow you to buy a bulk of raw coins. The deals will vary from out of this world to good to bad depending on who else is at the auction and the bidding wars that people engage in.
Strict Policies for Selling Coins
One of the biggest problems that coin collectors run into is sellers offering coins which are graded incorrectly. This means you will think that you are getting a MS 65 piece for a steal when you are actually getting an AU 55 and you are getting ripped off. When you buy from coin auctions they will have experts on hand who will check out all of the coins as they go to sale. They will verify whether they feel the coin is properly graded or not. Only those graded below the actual grade will be allowed to go to auction.
Buying Coins Which Are Graded and Certified
One of the great things about buying from coin auctions is the ability to get coins which have already been graded and certified for you. This means that if you are able to get a good deal on the coins you buy you can turn right around and sell them for a profit. Most people will sit on the coins that they buy at auction for a little while. This is unless they get the feeling that the price of the coin will soon drop in price.
The Thrill and Hazard of Raw Coins
One thing which can be fun about coin auctions is when they have lots which include bags of raw coins. The great thing about these bags is you never know what you are going to get. You could spend a few bucks and get nothing but some old dirty coins. You may also come across a hidden treasure which will only be able to be in the EF category but will still turn a pretty good profit once you get it graded and ready for sell.
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Originally posted 2010-08-25 09:10:39. Republished by Blog Post Promoter
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January 2nd, 2012 — Coin Collecting, Paper Currency, paper money
There are all different kinds of hobbies that you can get involved with. Even within the different kinds of hobbies, there are different ways that you will be able to get everything that you want to out of what you are doing. Among the different ways that you can enjoy a hobby is that you can enjoy collecting currency. Within this hobby, you can choose between collecting paper money and collecting coins. When you choose to collect paper money, there are a few different dangers that you will have to be aware of.
The first thing that you will need to know in order to avoid the dangers is that you will need to know what they are. You can run into problems whenever you are purchasing the money. You can also run into problems whenever you are storing the money. Additionally, you can run into problems whenever you are looking to sell the money. The better you are informed, the easier it will be for you to be able to make the right decisions about the things that you want to do with your free time.
Purchasing Money the Right Way
There are many different kinds of people out there looking to buy and sell money. Not all of the people you want to buy from will be completely honest. This is important to note whenever you are looking to collect paper money. After all, you do not want to purchase something which is a fake or which is graded higher than what it is supposed to actually be. Most people will advise you to never purchase anything through the internet because you will not truly know what you get until you get it.
Storing Money in Your Collection
Once you have made your purchases, it is time to store your money. This is easy to do for those pieces which have already been graded and are in protective containers. If not, you will need to make sure that you are at least considering getting them graded and protected. This will help you to be able to preserve their grade longer. When you collect paper money, you will definitely need to make sure to have the right containers ad well as having white cotton gloves and a magnifying glass. This way, you can inspect your collection to know what grade you have.
Selling Money to Others
The last part that many people think about whenever they collect paper money is what they will sell it for. Whenever you are ready to sell, it is important that you set your price correctly as well as that you will make sure that you are choosing the right kinds of people to buy from you. This will help you to be able to get everything that you will need so that you will be able to get the kinds of buyers who will truly appreciate what you are selling to them.
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Originally posted 2011-08-31 08:18:39. Republished by Blog Post Promoter
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