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 29th, 2011 — Bullion, Coin Collecting, Gold, Gold Coins, Gold Eagle Coins
There are a number of different ways that you can buy gold, not only as jewelry or gold bars but also in the form of a gold coin collection as well. Buying into a gold coin collection is a much better option, it is also much simpler and it can cost you as little as $40 to get started. Another benefit of buying into a gold coin collection is that you can easily store golf coins in ways that storing other forms of gold may not be feasible. You can easily store your gold coin collection anywhere in your home or you can have them put in a safe or stored in the bank for safe keeping depending on your needs.
There are many different ways that you can create a gold coin collection depending on what your interests are. There are all kinds of different gold coins that are available all over the world, including American Eagle golf coins, South African Krugerrands, UK Sovereigns and Australian golf coins, Canadian Maple Leaf coins and even Chinese Panda golf coins. When you start out your very own gold coin collection, the best coins to buy are the more common and more cost effective gold coins such as the Golf Sovereigns from Australia or the UK or the American Eagles for example. Keep in mind that there is never a fixed weight or a fixed size for gold coins, but rather they are measured based on their value and their weight, and these characteristics are going to vary depending on the size of the coin.
The unit of measurement that is used for your gold coin collection will be the gram. In the past, however, gold coins were measured in troy ounces which are parts of ounces. The purity of a gold bar is measured based on 999 parts per 1000 parts, which is as pure as gold is capable of getting. Most coins that will be in your gold coin collection are going to be 917 parts in 1000, because they put a little bit of other types of metal in the coins in order to make them easier to make during the minting process.
When you are planning to create a gold coin collection and it involves shopping online or offline, make sure that you have all the information that you need to know to purchase the coin such as the make, the name and the type of coin. Make sure that this information is being displayed so that you know that you are buying the right coin for your gold coin collection. If you are buying your gold coin collection online, make sure that you see pictures and that the price quoted by the seller matches up with the worth of the coin, otherwise move on to a more reputable online seller.
Photo Credits: Swamibu
Originally posted 2009-08-20 05:22:23. Republished by Blog Post Promoter
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December 20th, 2011 — Coin Collecting, Rare Coins
There are many reasons why a coin will become rare and collectible. It may be that it was a commemorative coin which was intended to be rare and instantly collectible. It can also be because the coin was taken out of circulation or was not authorized for striking by the U.S. Mint. Of all the different stories which exist, one of the most interesting stories in rare coin collecting is the one which surrounds the 1933 Saint-Gaudens Double Eagle. This is the only coin which has been made illegal to own all except for one coin.
About the Original Coin
The 1933 Saint-Gaudens coin was in a series of coins which was designed by the sculptor Augustus Saint-Gaudens. It is dubbed by the U.S. Mint simply as a double Eagle, but it is well known in rare coin collecting as the Saint-Gaudens Double Eagle. It is a coin which was created in 1907 by Theodore Roosevelt as a way to beautify the national currency. This was achieved as the coin is still to this day considered to be one of the most beautiful of all American coins by those who collect coins.
The Recall
In 1933, Franklin D. Roosevelt decided that America needed to abolish the gold standard. He signed an executive order which called a halt to all gold coin production. Further, the order indicated that the coins had to be melted down to be turned into bullion. The executive order made it illegal for anyone to own any of the coins. All other coins before 1933 had been distributed to the public, so it is impossible for the government to make it illegal for the public to possess them. What Roosevelt did not count on is that the coins would be stolen by mint cashier George McCann.
The Heist
A daring move which has lived in history for all those in the rare coin collecting world is the day when McCann made off with 20 to 30 of these 1933 Saint-Gaudens Double Eagle coins. They have since been hunted down by the Secret Service. To date, about 20 have been recovered and are being kept by the United States government at Fort Knox. These are the only coins other than those on display in the National Museum of American History and the U.S. National Numismatic Collection which are known to exist. This is to say all except one highly controversial 1933 Double Eagle.
The King of Egypt
The King of Egypt in 1944, Farouk was an avid collector of more than just coins. As a part of his thirst for rare coin collecting he acquired one of the 1933 Double Eagles. He applied for the right to export it from the U.S. and thus gaining legal permission to own it. He was granted the right to do so right before the treasury discovered that a number of the 1933 coins had been stolen. To date, it is the only coin of the vintage which is legal to be owned.
Photo Credits: roberthuffstutter
Originally posted 2010-08-18 03:04:49. 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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