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 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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February 7th, 2012 — Buying and Selling Coins
If you are jumping into the world of coin collecting or are thinking about expanding beyond your coin collection, you are going to look to paper money collecting. Paper money collecting can be just as interesting and just as unique as coin collecting. With that being said, the world of paper money is completely different than coin money.
There are a couple of things that you want to consider if you are going to debate a paper money purchase. Taking the time to think about these various aspects of paper currency collection and the purchase that you are thinking of making will help you to make the right decision.
The Cost
The first thing that you are going to want to consider when debating a paper money purchase is the cost. You truly need to sit down and think about the purchase that you are about to make and how it will affect your budget. If you do not think you have the money to spend on this particular piece of money, do not do it.
You also want to think about cost in terms of value. You want to look into the actual value of the paper money that you are thinking about buying. You should never overpay for paper currency, as you will find that you lose money on the investment in the long run.
The Rarity
If you find yourself debating a paper money purchase you need to think about the rarity of the paper currency you are thinking about buying. If a piece is incredibly rare and is a piece you have been looking for, you may want to make the purchase right away. If it is a form of paper currency that you find all of the time, you can pass it up and know that you will eventually find it again when you are ready to make that purchase.
Your Collection
It is important for you to think about your entire collection when thinking about a paper money purchase. You need to think about whether or not it is a necessary purchase for our collection, and whether or not it is going to enhance your collection. If you think that the paper currency is not going to add any important value or interest to your collection, why make the purchase in the first place?
You need to take all of these different factors into consideration before you make your final decision about the paper money purchase. You may find that it will be the perfect addition to your collection, or may find that you should not spend the money on this particular piece of money at this time. Be sure to take the time to think about these various factors each and every time you consider one of these purchases. It will help to ensure that you do not spend too much money or make an unnecessary purchase for your collection.
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Originally posted 2011-01-31 03:25:15. Republished by Blog Post Promoter
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January 31st, 2012 — Buying and Selling Coins, Coin Collecting
There are hundreds of different coin collector shops in every state, with each coin collector shop claiming to be the best shop for finding your coins. There are positives and negatives to working with each shop – pros and cons that you would not figure out if you do not take the time to look into each shop.
There are a few different things that you are going to want to look into as you work to find a coin collector shop that can meet your needs. These are some of the things that you will want to look into as you work to expand your collection.
Reputation
You do not want to work with a coin collector shop that is known for pushing counterfeit bills or for poor customer service. Speak with other collectors in your area and read online reviews to get a feel for the different coin collector shops in your area. You may find that there are a few rotten eggs in your town, coin collector shops that you will not want to work with for your own collection.
Variety
You want to work with coin collector shops that have a wide variety of pieces. A collector shop that is too narrow in their coin and paper money choices will often fail to have the pieces that you are looking for. A store with variety is constantly changing, and may eventually have the coins that you are interested in collecting.
Fair Price
You should never work with a company that is prone to trying to rip people off. Take a look at the prices of the coins that you know the value of. While slightly higher prices are to be expected, price gouging is not. If you find a shop that is practicing in price gouging, you may want to move on to a different coin collector shop.
Negotiations
The only saving grace for shops that charge too much are shops that are willing to negotiate. They may often be willing to negotiate drastically – simply raising prices to ensure that they wind up with a fair deal for the coin on their own end of the sale. If you run into a coin collector shop with high prices that is unwilling to negotiate, move on to a different shop. You should never pay too much for a coin.
If you are serious about coin collecting you are going to want to make sure that you find reputable coin collector shops to work with. These different shops are going to be able to provide you with the coins and paper money that you need for your collection. They will offer the money at fair prices and will help you to ensure you avoid counterfeits. These are just some of the major benefits of a good coin collector shop that are found when you know what to look for in each shop.
Photo Credits: Le Petit Poulailler
Originally posted 2011-01-17 03:56:01. 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 28th, 2012 — Coin Appraisal, Coin Collecting, Coin Collection Value
A coin collection can be an important part of your life, taking up much of your budget and your time throughout the years. Those who put time, energy, money, and heart into their collections should be doing everything that they can for their collection. Many fail to realize that one important way to take care of your collection is to document it.
There are two main reasons to completely document the collection that you have. The first reason it to make sure that you have a full record of your coins for personal use. You may have a large collection and can easily forget which coins you already have. Secondly, you need to work to document your collection in case of emergencies and for insurance purposes. The following tips will help you to document your collection.
Be Detailed With a Spreadsheet
It is important for you to provide as much detail as possible to your documentation when trying to document all of the coins that you have in your collection. You need to make sure you list the official name of the coin, any nicknames you may have for the coin, the amount you paid for the coin, the mint location of the coin, the year of the coin, and possibly the current value of each coin. The more information that you have, the better your documentation will be and the more useful the documentation will be.
Take Photographs of Each Coin
One of the best ways for you to document your coin collection is to take pictures of each of the coins. This will help you to better understand the mint of each coin as compared to others and provides a visual recording of your collection. For the most organized documentation possible, match up the coins in the spreadsheet with their images. Labeling each coin with a specific number and labeling each picture with the corresponding number will help to keep your organized and your coin collection well documented.
Have Values Appraised
If you are serious about coin collecting, you are serious about the value of your coins. Have your entire collection appraised to give yourself the ultimate documentation. You will receive a value for each coin and an overall value for your collection. Both numbers are important, as they will help you to understand your investments and how much your collection is worth overall. The more information that you have about each coin, the stronger your documentation is. Ask the person who is appraising your collection to list the coin with the value. This will make it easier for you to add the information into your own documentation after the appraisal is complete.
There are plenty of individuals who have large coin collections that are undocumented. They cannot tell you exactly what coins they have, an serious problem that could haunt them in an emergency. If you are serious about coin collecting and are serious about the coins that you have, take the time to correctly document your coin collection.
Photo Credits: celesteh
Originally posted 2011-05-11 03:44:07. Republished by Blog Post Promoter
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January 26th, 2012 — Buying and Selling Coins, Coin Collecting
Coin collectors lead interesting lives, dominated by their thoughts of history through the currency used at different times. These individuals are going to spend large amounts of their income, both happy and excited to spend the money when they find the coins that they want.
If you are thinking about getting into coin collecting, you should work to understand the life of a coin collector. It will help you to better understand what you are going to be doing and how much passion and thought you are going to have to put into your collection.
Budgeting
If you are going to get serious about coin collecting you are going to need to budget. Serious coin collector individuals have a budget to help ensure that they do not spend too much money on their collection. Many will also set specific budget for different coins that they want. It helps to make sure that they do not overspend for coins, as they do not want to spend far over the actual value of the coin. Budgeting is key to a successful collection, as it promotes and ensures longevity.
Cleaning and Displaying
Some people will try to get into serious coin collecting without thinking about the changes that are found. Many of these people are surprised to find out that they need to clean their coins and that they need to consider more serious and professional ways of displaying the coins. You need to clean all of the coins to make sure that they stay in mint condition – those who do not take care of their coins will find that the coins lose value and can be damaged. If yo are more serious about collecting, you are also going to want to display your coins. These displays take time to build and require some money to put together.
Negotiating
If you do not work on your negotiation skills when you work to collect coins, you will pay too much. Your collection will not be as successful, and may wind up costing you far too much money. Practice your negotiation skills and do not be scared to negotiation. Learning how to work prices down and knowing when to walk away when the other party will not back down are key aspects of serious collecting. You will spend less money and will increase the value of your own collection.
It is important for all to understand that they can turn coin collecting into anything that they want to. You can take this as seriously or as light-heartedly as you would like. Just know that this is a type of hobby that is incredibly easy to become immersed in. You should fully understand the life of a serious coin collector and think about whether or not this is the type of serious collecting you can handle. You may find that this is right up your alley, or that you want to take collecting less seriously and know what you what to avoid.
Photo Credits: rick
Originally posted 2011-05-18 03:46:15. Republished by Blog Post Promoter
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January 24th, 2012 — 1902 Barber Dime, Coin Collecting, Rare Coins, US Coins
The value of a 1902 Barber dime varies, depending mostly on the condition of the dime. While the face value may be only 10 cents, they’re often worth several dollars—sometimes hundreds of dollars. The best way to determine the value of your Barber dime is to consult an up to date coin value guide. The best way to find the most current information is by looking on numismatic websites and auction sites where these dimes are available to see the most recent pricing on them.
The history of the dime in general goes back to 1796, with the front of the coin bearing a Liberty head and the reverse featuring an eagle. The dime is the smallest US coin, and its appearance has changed many times over the years. A 1902 Barber dime is so named because it was a coin designed by Charles E. Barber. While the earliest dimes changed many times, our current dime has been the same since 1946. Our current design is smaller than the original dime, and the materials used today are different, as well.
The first coins representing a tenth of a dollar or ten cents were actually called dismes, minted in 1792, but weren’t circulated. The first actual dimes appeared in 1796 and are referred to by numismatics today as the Draped Bust dime. These coins bore no value on them anywhere, unlike today’s dimes which clearly say they’re worth 10 cents. In 1809 the design was changed to what’s now known as the Capped Bust dime, which bore the marking 10C on the reverse. Neither of these early dimes was minted each year they were available, but a dime has been minted almost every year without fail since 1827. The Barber dime appeared in 1892, with the 1902 Barber dime representing only one year of the design’s 24-year history, ending in 1916. The previous design, though, was minted far longer. The Seated Liberty design debuted in 1837 and was minted for 54 years, until the Barber dime took its place. The only dime that has been minted longer is the Roosevelt dime that has now been minted for 62 years.
The 1902 Barber dime isn’t the most valuable dime available of its design. The 1894-S has been known to go for more than one million dollars at auction—the highest amount ever drawn for a single dime—because only 24 of these particular coins were struck, and of those, only 9 still exist as far as collectors and the US Treasury are aware.
Still, the 1902 Barber dime carries much more than the value of 10 cents. The coins have silver content, so even a coin worn practically smooth carries scrap silver value. A common method in determining the value of this coin is how clear the inscription of “Liberty” is on Lady Liberty’s headband on the front of the coin. The less worn and more distinct the inscription, the more valuable the coin. Proofs and circulated coins alike are easily found on eBay.
Originally posted 2008-12-06 05:00:12. Republished by Blog Post Promoter
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January 23rd, 2012 — Coin Collecting, Foreign Coin Collecting, Foreign Currency
There are some people who try to stick with the currency of their home country when coin collecting. They want the coins that they are looking for to be somewhat easy to find, and are proud of their country and cultural heritage. While this is commendable and can provide a strong collection, it is not the only type of currency you should look into. Foreign currency is an incredible type of currency to collect.
Foreign currency provides a wide variety of options and opportunities, giving you the range that you need to have a professional and interesting collection. Think about foreign currency and when it may be best for you to incorporate this type of money into your collection.
When You’re Bored
One of the best times to start collecting foreign currency while coin collecting is when you are bored with your collection. This is going to open up a completely new genre of collecting for you, helping to breathe life back into your collection. You will start to enjoy collecting again because you have fresh challenges and new and interesting coins to add to your collection. You may even start to add paper currency to your collections, giving you more depth that you collection has had before.
When You Have More Money
Most people will find that foreign currency collecting is more expensive than collecting currency from their home country. It can he harder to people to find coins from another country because the supply is overseas or held in a different country. The prices are simply raised because of shipping and rarity. If you have more money, you may want to consider adding this to your collection. You will have more funds, making it easier for you to add foreign currency to a collection without breaking the bank.
When You’re Traveling
The single greatest time to start collecting foreign currency is when you travel to a different country. You will be able to fill your collection with the current currency of the country, and will be able to find older foreign pieces easily. You will also have an incredible emotional connection to this part of your collection, because it will remind you of your vacation or trip. This is something that you will have to plan in advance for, however, as you will want to spend a decent amount of money at once. You will find rare foreign coins that you simply will not find in your home country when you travel.
For some people, a few pieces of foreign currency are all that is needed to rod out a collection. For others, a full section devoted to currencies from other countries is the perfect addition. Take a look at your collection and think about your coin collecting as a whole. Could it benefit from coins from other countries? Could paper money from other countries add detail to a one dimensional collection? The more thought that you put in, the better that your collection will turn out.
Photo Credits: oceandesetoiles
Originally posted 2011-05-06 09:49:40. Republished by Blog Post Promoter
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January 20th, 2012 — Buying and Selling Coins, Coin Collecting, world coins
There are many different ways that you will be able to enjoy yourself whenever you have free time. One of the different ways that people have been finding to be quite a lot of fun is to choose all of the different ways that you will be able to collect money. You can choose between paper and coin collecting whenever you choose to collect money. You will also be able to choose between the different currencies of the world. This includes all of the different kinds of world coin collecting that you will be able to enjoy.
In order to be able to enjoy world coin collecting, there are a few things that you will need to know about. Among the different things that you will need to know about is that you will need to know about the currencies for the different countries you want to collect from. You will also need to know something about the history of each kind of coins. Of course, you will also need to know the characteristics of the coins you are looking to collect. This will help you to be able to get everything that you will need so that you will be able to have the best collection you can have.
Learn about the Currency
The first thing that you will need to know about whenever you are looking to get started with world coin collecting is that you will need to know about the currency itself. This means that you will need to know about the different amounts that have been created as well as what these amounts are worth in terms of the items that they can buy. This is important to know in the current market as well as whenever the coin was first printed.
Learn about the History
Every coin has a history. When you are involved in world coin collecting, there is a lot of history that you will need to learn. This is the reason why so many of the people that get involved in it will stick to one country or another. It is simply too much to learn all of the history of all of the coins. You will be able to find out about the history whenever you are looking in places like online, in books or through the different collectors. This will help you to be able to pass along the history to those who buy from you as well as to understand the value of the coins better.
Learn about the Characteristics
There are many different characteristics that you will need to know about when involved with world coin collecting. To get everything that you will need, you will be able to draw on what you know about the history of the coin as well as the changes which have been made. This will help you to know whenever you will be able to get more for the different coins that you are trying to sell and buy.
Photo Credits: Ancient Art
Originally posted 2011-09-21 09:02:00. Republished by Blog Post Promoter
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