February 15th, 2012 — Coin Collecting, paper money, Russian Rubles, 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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February 14th, 2012 — Buying and Selling Coins, Coin Collecting
Collectors are constantly looking for a new direction for their hobby and their collection. There are many who get into coin collecting by collecting some newer coins — many even stay within a few decades of coin collecting years, as the pieces are simply easier to find. At some point, serious collectors decide to move on from something simple and move into collecting old money.
The approach that you must take to old money is different from the approach that you have probably taken for the rest of your collection. There is an art form to collecting old money, a system that is going to help you to be as successful as possible. If you are looking to add collecting old money to your coin collecting skills, these steps will help you out.
Make Friends
The first thing that you must do in your hunt for old money is make friends with different coin dealers in your area. You want to start a relationship with them and want to start to get to know them. They may have a passion for old money and will want to help you in your coin collecting ventures. They will be more likely to help you search for coins and pick up the coins that you want if you have a good relationship with them.
Do Research
Research is an important part of collecting any type of currency, but is of utmost importance when hunting for old money. You need to understand everything from mint condition to value when looking for the money. You will also want to research counterfeits, as it will help you to avoid them as you search for the money.
Have a Budget
If you want to be a successful collector you need to work with a budget. While it may be tempting to break this budget for old money, you need to stick to your allotted spending. This will help to make sure that you know what monies are in your price range, and will keep you reigned in as you are immersed in a world of rare and expensive currency.
Negotiate
One important aspect of coin collecting is negotiation. This continues to be important for those who are working to collecting old money, as they want to be sure that they are getting a fair price for the money. You need to know what a reasonable price for the coin is and work to get the price down to that level. This helps to keep you from over-paying for old money.
Collecting old money is not as simple as collecting recent money. You need to think about the way that you are seeking out the money and need to research to be as knowledgeable as possible. All of these steps will make it easier for you to find what you are looking for. If you work to follow these different tips and steps, you are simply more likely to find the old money that you are looking to add to your collection.
Photo Credits: Roger Smith
Originally posted 2011-05-23 03:56:37. 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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January 4th, 2012 — Coin Collecting
There are many different ways you can add coins to your collection. You can purchase them through other collectors. You can purchase them through coin shops. You can even have them handed down to you from people you know including family members. One of the ways which is becoming more popular to get the coins collectors want is to attend coin auctions. These are held throughout the country in many different cities. In fact, the major cities throughout the United States might have a few different auctions that they have throughout the year.
The way that an auction works is that you will be able to see coins which you normally will not find at coin shops. Best of all, everything is for sale. This means if you have the funds to be able to purchase the coin, you will be able to purchase it at a price which is below what the market values it at. In some cases you will purchase the piece above the valued rate, but for the most part you will be purchasing these coins at a slightly discounted rate which will allow you to find the coins that you are really hoping to buy.
The ANA Coin Auction
The ANA (American Numismatic Association) is one of the most trusted associations for coin collectors. It represents the ethics and the standards that all numismatics should strive for. The auctions which are represented by the ANA are well known to have some of the best pieces you can find. Best of all, you will have a very low chance of running into any counterfeits or pieces which are graded incorrectly. This way you will be able to get a coin which is actually worth the price you purchased it for, if not more so.
Seeking Out the Coins
When you go to a coin auction, you will be given an opportunity to look at all of the coins before the actual selling begins. This is your opportunity to take a more in depth look at the coins you would like to purchase. You will be able to ask questions and take the time to look up the coins in your coin book or through the internet on a smart phone or laptop. Many will seek out specific coins that they need or want at the auction and this is the time to find them. This way you will be able to make a better offer when you are bidding on the coins you want.
Bidding at the Auction
Bidding at a coin auction can be intimidating the first time that you do it. You do not want to drive up the price, but at the same time, you do not want someone else to outbid you. There is a strategy which you can employ which will help you to get better bids on the coins you want. Simply pay attention to the bids others are making before making a bid. If there are two people battling for the coin, do not get involved until one has bested the other. If the price has already gone too high for your tastes, opt out of the bid.
Photo Credits: mukais
Originally posted 2010-08-24 03:26:52. Republished by Blog Post Promoter
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December 29th, 2011 — Buying and Selling Coins, Coin Collecting
The world of coin collection is interesting and full of connections, with each coin collector working with other coin dealers to get the piece that they want. Those who are interested in serious coin collecting need to be well versed in the art of the sale, understanding what they should pay and how to get that price.
If you are working with a coin collector you need to make sure that you know how to approach the interaction. These pieces of information will help anyone who wants to collect to get the fair price for the coin that they want.
Scope Out the Shop, Collector, and Piece
The first thing that you are going to want to do is completely assess the situation. You need to check out the shop, the coin dealers in the shop, and the actual coins themselves. You need to understand how the store operates, and how willing the owners are to negotiate prices. You also need to understand if the prices are fair, or if they are high. This information will help you to correctly approach the transaction.
Do Your Research
Before you actually work to collect coins you need to do research on them. Every coin collector will work to understand the exact coin they are looking for. They will know what reasonable prices are and they will know how to spot the counterfeits of that particular piece of currency.
Be Friendly
There are plenty of people who go into negotiation situations somewhat nervous and uptight. You simply need to relax, be calm, and be personable as you talk to the coin collector. Let them know that you are serious about collecting by showcasing your knowledge of the piece that you are looking for. You can then start to talk about reasonable pricing and work on moving the price down to something that you are comfortable paying.
Know the Value
This is the key element for those who collect coins and are working with coin dealers – you need to understand the value of the coin. You need to know how much money would indicate a good price for the piece, how much would be considered a steal, and how much would be considered too much. All of your negotiation tactics and techniques should revolve around the actual value of the coin that you are interested in. If you find that the price for a coin is reasonable, you should not expect it to drop by much. If you know that a piece is overpriced, you should know your boundaries and know how much is too much to pay for the piece.
Every serious coin collector has started off a little shaky and a little under experienced. The best coin dealers simply work on their bargaining skills and take the time to be prepared for each and every situation. If you want to collect coins and want to get the coins that you covet for your collection you must take these and other tips to heart.
Photo Credits: kevindooley
Originally posted 2010-12-22 03:49:50. Republished by Blog Post Promoter
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October 30th, 2011 — Coin Collecting, Foreign Coin Collecting, Foreign Currency
There is plenty of interest and intrigue in foreign currency, whether it be because of the different way that some approach their money or the interesting patterns and colors used on their paper money. It is an interesting and unique form of collecting that many people look into when thinking about their own collection.
There are certain things that you are going to want to look out for as you work to collect foreign currency. Take the time to understand what to do and what to look out for, as it will help you to have the strongest collection possible.
Look For Counterfeits
It is important for you to research counterfeit money as you work to collect different pieces of foreign currency. You want to make sure that you can clearly identify the real pieces of money from the fake ones. Much like coin collecting regular US currency, those who collect foreign currency coins can easily be duped. If you do not know what you are looking for, you will spend hundreds of dollars on coins or paper money that are not worth anything at all.
Make Strong Connections
If you are trying to collect foreign currency you are going to need to make strong connections with those who can help you with your collection. Head to different coin collector shops and ask them about foreign currency. If they cannot help you, they can direct you to someone who can. If you build a strong connection, they will start to seek out pieces of money that you are interested in and will make it easier for you to find what you are looking for.
Know Actual Values
People are often confused by exchange rates, failing to understand how much the money was worth in the first place and how much it would be worth in the home country now. You need to work to understand actual currency values, both historic and current, to better understand how to approach your own collection and the purchase of that specific foreign currency.
Look For Condition
Some people will completely ignore condition when collecting foreign currency because they find collecting hard or simply want to have the piece. You should still take condition into account when collecting this currency and should work to find the best condition available. You should never pay top dollar for foreign currency that is not rare and is in poor condition. This money has little value and will be a complete waste of your money, no matter how much you wind up spending on it.
It is possible for you to have a strong foreign currency collection without leaving the comfort of your home country. You simply need to make the right connections and need to know what you are looking for. The more time and effort that is put into preparation when trying to collect foreign currency, the better off the collection will be.
Photo Credits: Chinkerfly
Originally posted 2011-03-02 08:36:11. Republished by Blog Post Promoter
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October 20th, 2011 — Buying and Selling Coins
There are plenty of different avenues available for those who are looking for ways to buy coins for coin collecting. The Internet has quickly become one of the more useful ways to collect coins. With that being said, there are some issues to consider and special tips to follow when trying to be an online coin collector.
While there are plenty of different tips that will help you to be the ultimate coin collector online, there are a few that you will want to focus in on. These four tips will help you to avoid any problems as you work to find the perfect coins for your collection.
Review Each Website
The first thing that you will want to do, as a coin collector coin collecting online, is to review each website. You are going to want to make sure that you completely understand each website and what others think about each website. Check online reviews and the Better Business Bureau – each option will give you information on each website and will help you to understand how reputable the company is. Companies known for selling counterfeits and companies known for over-charging will be highlighted through these various reviews.
Check for Safety Nets
Each website should have different versions of safety nets available to you. They will provide a warranty or will provide certification for the coin that you are about to purchase. The more safety nets and purchasing safety precautions you can find for a website, the better.
Do Your Research
You should be sure to do your own research when looking up the coins that you want. Do not rely on the research that is provided by the different websites that you are trying to purchase the coins from. They may skew their information to meet their sales needs and give you a slightly wrong impression on the coin. While reputable websites will not do that, less than reputable sites will.
Hold For Big Purchases
There are some reputable websites out there, websites that you can trust with large purchases. If you are serious about coin collecting and do not want to get worked over by a bad coin collector, however, do not make big purchases online. Make a small purchase from an online store to see if they are legitimate and if they provide exactly what they say they will.
The Internet can make it easier for you to find the exact coins that you need for your collection. With that being said, note that the Internet can also make it easy for scammers and counterfeiters to take advantage of you. You must take the time to look into the website that you are purchasing the coins from and receive assurance that the product is exactly what you are looking for. You must be careful on the Internet, and must not get caught up in the convenience of the platform.
Photo Credits: oceandesetoiles
Originally posted 2011-02-07 03:38:21. Republished by Blog Post Promoter
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