January 21st, 2012 — Canadian Coins, Coin Collecting
Whether you are from Canada, or just interested in collecting Canadian coins, there are plenty of options out there and many of these coins are actually quite valuable. Before you get started with your collection, it’s a good idea to know what is out there and which coins will be the best investment. Here’s a quick guide to Canadian coins to get you started.
1. Gold and Platinum Coins
By far, the most valuable Canadian coins are the ones that are made from platinum or gold. You’ll find many commemorative coins made of these materials and some are worth more than the actual face value of the coin. If you’re looking for a solid investment with a history of growth, these coins are a great option. While not all are incredibly valuable, the majority will be worth at the very least their face value.
2. Loonies and Twoonies
Loonies are a very popular Canadian coin, so called due to the design on the coin. This is a dollar coin and it can be a bit harder to find the older ones. If you happen across a Loonie, it’s a great idea to keep it since it may be worth quite a lot of money. Twoonies are also popular and this is a two dollar coin that is a real collector’s item. Not many people actually use these, so it is possible to get your hands on one that has not been circulated.
3. Province Coins
Just like the US and the state quarters, there are province specific Canadian coins that are very valuable. It’s a lot of fun to see if you can get all the provinces and this is also a fun hobby for kids that combines geography with stamp collecting. The commemorative ones are going to be the most valuable in these coins, but there is still a lot of demand for these on the market.
4. Collections, Lots
If you want a jump start towards building your collection of Canadian coins, one of the best ways to do that is to get an entire collection in one fell swoop. You can usually find these at auction and in many cases, there will be at least one or two very rare stamps in the collection. Even if you already have a large personal collection, this is usually a very economical way to add to and even discover some new stamps along the way.
5. Proof Sets
These are probably the rarest and hardest to find in Canadian coins, but if you do come across a proof, you can almost guarantee that it will be worth quite a bit of money. These are the proofs that are used when they are minting coins, and there are many antique ones that are very popular right now.
No matter what kind of Canadian coins you are interested in collecting, you can find them at auction, online and even from private dealers. Give collecting these coins a try and see what rare finds you can come across.
Photo Credits: woody1778a
Originally posted 2008-09-23 05:00:22. Republished by Blog Post Promoter
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January 14th, 2012 — Federal Reserve Notes, Large Size Notes, paper money
One of the most interesting collectibles in the field of coins and paper money are federal reserve notes. However, there is quite a bit of confusion out there about what these notes really are. If you are serious about getting into collecting federal reserve notes, there are a few things you need to know before you get started.
1. Knowing the Difference
There is a big difference between federal reserve notes and federal reserve bank notes. The first term refers to actual paper money, while the second is a specific type of banknote that is only produced by the Federal Reserve. Each one has a different collectible value, and it’s important to be able to tell the difference when you are collecting them. Some will be worth more than others, but generally, regular federal reserve notes are quite collectible.
2. Understanding the Fiat
The fiat, or agreement with a federal reserve note is that the reserve is not obligated to pay the face value of the note in gold or silver. In other words, this type of currency is not backed by a gold or silver standard. This works in both ways for collectors. For example, a $5 note may be worth much more than that, while a $100 note that is not collectible may only be worth $100.
3. The Two Dollar Bill
Surprisingly enough, one of the most collectible federal reserve notes is the $2 bill. All joking aside, these are a lot of fun to collect and many kids get their start with one of these bills. These actually can be spent just like regular money, but if you do find one of these, it’s best to put aside since the overall value may exceed the face value.
4. Condition Matters
As with most collectibles, the overall condition of a federal reserve note will determine its actual value. Ideally, you should look for notes that have not been circulated, but these may be hard to find. You should be able to come across notes that are referred to as “crisp” however. These are in perfect condition and are considered to be the best collectibles.
5. The Older the Better
Anytime you can find a federal reserve note that is at least fifty years old and still in good condition, there is the potential that it could be very valuable. At the very least, it will be worth more than the face value of the note. For example, a $10 federal reserve note that was printed in 1950 in great condition may be worth three times the face value. As notes age, they will become more valuable in many cases, so it is a good idea to keep looking.
If you do decide to collect federal reserve notes, it is important to do your research and stay on top of current trends. You never know – you may just be sitting on a gold mine, even if the note isn’t backed by the gold standard.
Photo Credits: pbarnhart_cedarpark
Originally posted 2008-09-18 14:00:00. Republished by Blog Post Promoter
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October 7th, 2011 — Ancient Coins, Coin Collecting, Gold, Gold Coins, Gold Eagle Coins, Rare Coins
Gold is one of the most popular substances in the world, and rare gold coins are highly sought out by collectors, not just for the precious gold content, but because of the rarity of the coins and the designs themselves. How do you know if a gold coin is actually rare, or just old? First of all, if you’re shopping in online auctions, which is actually a good place to find coins, decide that you won’t get too excited by every auction that claims its coins are rare.
“Rare” is actually a flash-word in online auctions, designed to get people to view the auction. If you browse the site a while, you’ll find items listed as “rare” and “hard-to-find” that you can probably purchase anywhere with very little effort. This practice has made the word rare almost meaningless on eBay and other online sites. So to find truly rare gold coins, you’ll need to do a little research on the coin that’s offered in the auction, as well as into the seller’s past auctions.
Have a look at the seller’s feedback. Does every auction represented there shout “Rare!” from the rooftops? Also, you can search on the specific coin that’s offered to see which others sellers offer it and what they have to say about it. Then you’ll want to research the coin online to find whether its truly rare, or the use of the word was just an advertising tactic. Truly rare gold coins won’t be found in hundreds or sometimes even dozens of auctions at one time, because of their rarity.
Even reputable online shops that deal in gold coins will exaggerate the use of the word “rare.” If you search on “rare gold coins,” for instance, you’ll come up with hundreds of dealers that don’t really happen to have any rare gold coins for sale, but newly released ones. They’ve simply used “rare” as keyword to rank higher in the search engines when someone’s looking for a rare coin, in the hopes of attracting that customer’s business with their new coin selection.
Your own interest in rare gold coins and a little time spent searching can help you find the right coins. You’ll also get a good idea of the price you should pay for one, judging by the median amount charged by many different dealers. Also do a search on eBay for closed auctions that featured that item, and you’ll see about how much you might end up paying if you should purchase from an auction.
Some of the most rare gold coins from the United States were minted before 1933. Liberty gold coins minted throughout the 19th century, and the Saint-Gaudens gold coins and Indian gold coins minted from the early 1900s to 1933, are some of the best rare coins available today. They’re prized, not just for their gold content and their rarity, but their beautiful designs, with the Saint-Gaudens considered one of the most beautiful American coins minted to date.
The business of buying and selling gold can be profitable, and is one you might be interested in getting into.
Originally posted 2008-11-14 05:34:49. Republished by Blog Post Promoter
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