January 10th, 2012 — Coin Collecting, Finding Coins, US Coins
There are many different kinds of coins you can collect out there. Among the most popular to collect is the American coin. This is because to date the American coin collector is one of the preeminent collectors in the industry. Other countries like Australia and Canada are starting to grow in the amount of collectors, but they still do not compare to the amount of collectors which have established themselves in the United States. This presents an opportunity and a challenge for all people looking to get started collecting these types of coins.
If you are looking to get started with your own American coin collection, there are a few things you should keep in mind. The first thing that you will have to decide is how much you are willing to spend on your collection. Once you have this figured out, you may want to decide how you would like to display your collection. You should always make sure that the coins you purchase have been graded and certified so that you will know that you have a collection which is genuine and also you will know how much your collection is worth.
How Much You Will Pay
Coin collecting is a hobby which everyone can get involved in. If you do not have a lot of money, you can start by collecting some of the commemorative coins which are put out by the U.S. Mint. These include the state quarters and the recent President dollars. Those looking to spend more money can chase the Morgan silver dollar or even seek out the gold 1933 Eagle coin. Spending a lot of money only means that your collection will be worth a lot now. It is possible to spend a little and end up with treasures which will be worth a fortune later as long as you take good care of them.
Different Ways to Display Your Coin Collection
Collections can be displayed in a number of different ways. The most common way to display a collection is laid out on a luminescent surface. This is because you will likely have the coins in the slab that they were put into when they were certified. Others will decide to instead display their coins in a matted frame. These do not have to be reserved for just commemorative coins. You can use the mat for just about any kind of coin as long as you do not mind that it is out of reach.
Grading and Certification
Having your coins graded by a third party is a great way to make sure that your American coin collection is certified as the quality that it is. This is a great way to know what it is that you have in your collection. It is also a great way to make sure that you will be able to protect your coins for future generations to enjoy. The sooner you get it graded and certified, the sooner you will stop any aging problems the coin might encounter.
Photo Credits: Astro Guy
Originally posted 2010-08-21 03:16:00. Republished by Blog Post Promoter
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December 17th, 2011 — Coin Collecting, Gold Coins, Rare Coins
There are many ways in which you can decide the value of a rare coin. There are also many ways in which coins can populate a list. When it comes to rare gold coins, not even the rarest of the coins mean that they are worth the most. This is because they might not be as striking as other pieces. It might also be because they do not hold the right amount of gold within them. No matter what the reason for their place on the list, it is good to know which coins are most popular and why so that you will be able to make better decisions when it comes to your own collection.
For this list, you will get a look at the top three examples of rare gold coins and why they are so valued in the numismatic community. These include the $20 Saint-Gaudens coin which is valued for its stunning beauty as well as the fact that it is rare. Also on the list are the gold coins struck before 1835 and the gold proof coins which were struck in the 19th century. Getting to know these coins will help you to have a better collection.
$20 Saint-Gaudens Coin
The Saint-Gaudens coin was created in order to create a more beautiful national coin. It was commissioned by Theodore Roosevelt from the sculptor Augustus Saint-Gaudens. The coin is more accurately called a double eagle because it is worth twice the $10 denomination of the eagle coin. Of course, today these coins are worth far more than just the $20 that they were originally intended. This price goes even higher when you have one of the first coins to be struck or you have a coin which is in exceptional condition.
Pre-1835 Gold Coin
The United States Mint has gone through many different incarnations of standards for coins. The original coins were distributed based on their actual value. As the value of gold increased, gold coins became more valuable than what they were intended to be. For this reason in 1835 the national government started reclaiming coins, melting them down and re-striking them with a lower amount of gold per weight. The rare gold coins which survive from before the government started reclaiming the coins makes them very valuable as a part of the nation’s history and to coin collections.
19th Century Gold Coin Proof
Proofs have always been collector’s items. This is because they are not intended for circulation. They are only intended to make sure that the coins are being made correctly. Whereas the Mint will strike millions of proofs to sell to collectors today, the proofs which were created in the 19th century were never intended to be sold. This is why for every coin, there was only a handful of gold proofs ever created. These proofs are extremely valuable rare gold coins which will only increase in value over the years. Possessing one of these coins will turn out very well for your collection.
Photo Credits: peterjr1961
Originally posted 2010-08-19 03:43:17. Republished by Blog Post Promoter
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November 28th, 2011 — Coin Collecting, Uncirculated Coins, US Coins
If you are new to the practice of American coin collecting, then there are a number of terms and types of coins that you are going to want to understand, otherwise they will seem confusing to you and may give you some trouble. The purpose of this post is to discuss a few common terms in the art of American coin collecting that you can apply to United States Mint coins such as the Silver Eagle coin, the Platinum Eagle coin, the Gold Eagle coin and the Gold Buffalo coin for example.
Mint – When a coin is described as being mint in American coin collecting, what that means is that the coin has been made to be a regular circulated coin, and yet it has just come from the mint and is not yet damaged or circulated. The Mint for the United States can sell these coins from their normal production batches.
Proof – If the coin is labeled as being proofed or if proof is mentioned in the description, then what that means is that the coin has been crafted using high pressure, giving it a shiny and mirrored finish. The images on coins like this in American coin collecting also tend to have more detail to them. These are not coins that are intended to be spent or circulated, but rather they are specifically intended for collecting.
W – If the coin is being described by its year but with a W at the end, this means that the coin has a mint mark on it that was used by the mint at the West Point branch in New York.
Uncirculated – What this term means, in American coin collecting, is that the coin has not been used or spent in any way. In other words, this term is used in order to describe a coin that is in the most perfect conditions, as if it were coming fresh from a Mint.
PCGS – This is a term that stands for Professional Coin Grading Service. When a coin is described as being PCGS, then that means that the service has graded the coin for American coin collecting purposes.
NGC – When a coin is described as being NGC, then what this means is that it has been graded by a service that is known as the Numismatic Guaranty Corporation.
Keep in mind that the above grading services do cost money in order for a coin to be graded. Should a coin be labeled as having been graded, what this means is that one of these services has guaranteed the quality and the authenticity of the coin, and this means that the coin is naturally going to be higher in value.
There are all kinds of American coin collecting for you to know and utilize. The above should be a good foundation for you to get started with. When you understand the basics in American coin collecting, you will be better able to find the coins that best suit you, ensuring that you get the best value for what you pay as well.
Photo Credits: herzogbr
Originally posted 2009-12-02 03:56:50. Republished by Blog Post Promoter
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