October 4th, 2009 — Coin Collecting, Rare Coins
If you are looking to earn a profit with a unique type of collection, then one of the collection options that you may want to consider is rare coins. When you are collecting coins for the purpose of an investment, then it is probably going to follow that you are interested in unique and rare coins. Rare coins are the types of coins that you can collect that will offer a much greater value. Many people have created quite a rich return just buying and selling rare coins throughout their lives.
The thing that makes coins so valuable in the first place is how readily available they are. If there is an extremely limited selection of a certain coin product, then it may become pricier as a result. If the coins have been destroyed or melted down or if only a limited number of the coins were produced, then these factors will contribute to how expensive the coin will be, and how much you can sell it for as a result.
Rare coins are coins that are capable of bringing in a high yield in terms of investing. There have been collections of rare coins out there that have sold for as many as several millions of dollars even when the initial cost to collect the coins was a fraction of that. The collectors selling these collections clearly made wise choices regarding their rare coin collections and they paid attention to detail, paying off handsomely in the end.
When it comes to collecting coins that are rare of valuable, you are going to need to be really diligent when it comes to watching out for coins that are not real. The greater that the value is for the coin, the more likely it will be that someone has made a duplicate in order to make some money that they do not deserve. It is not going to profit a counterfeiter to reproduce a coin that is less valuable so they tend to counterfeit the more expensive coins so that a single coin can net a much, much larger return. There are books capable of dealing with this subject specifically, and so you should make sure that you have the right resources on hand so that you can distinguish the real coins from the fakes when you are collecting rare coins of any kind.
Rare coin collecting can be a truly wonderful hobby as well as a powerful tool for investing as well. It is vitally important that you keep yourself informed on all of the current trends when it comes to the world of coins. You should enjoy your collection and you should allow it to bring you a great amount of joy and investment profits for many years to come as well.
Photo Credits: gemteck1
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September 30th, 2009 — Coin Collecting
Collecting antique gold coins is an excellent buy, and if you are trying to combine a hobby with an investment, then collection coins are a much needed asset for any portfolio. If you are unfamiliar with what buying an antique gold coin can do for you, then you are going to need to begin your search by becoming informed and becoming familiar. If you are unfamiliar with the world of buying gold coins and you go out there and try to make a purchase, you may end up paying too much, because some gold coin dealers will take advantage of those that are unfamiliar with the process.
If you live in a large city or a metropolitan area, then there should be collection coin dealers in your area. There are numerous other resources for you to explore when it comes to finding the right antique gold coin, including searching on the internet. If you search for an antique gold coin in person, you may want to go from dealer to dealer, asking the same questions of each one and examining the same coins in order to figure out which antique pieces will serve as the best investment for you, your hobby and your investment portfolio as well.
There is a significant amount of disinformation available on the internet, so you need to make sure to do your due diligence if you are buying your antique gold collection coins online, otherwise you may end up paying more money than you should have, or you may end up with something different than what you were initially expecting. Make sure to check out a number of different retailers so that you can compare prices and information, and this way you will find out the information that you need in order to make informed decisions regarding your coin collecting hobby.
Even if you do intend to buy your antique gold collection coins in person, you can still do a significant amount of comparison shopping online. Compare the same gold coin in different retailers as well as on auction websites such as eBay for the best information. There may also be auctions that are being held in your local area. Never buy antique gold coin collections unless you are sure that you know what you are doing. Soak up as much knowledge as you can and you will surely be able to make the right buying decisions when it comes time to really shop around for what is available out there.
You may end up buying antique gold collection coins both online and off, building your collection up slowly in the process. When it comes to gold coins, gold is not just any old gold. There are a variety of different types of gold coins and you absolutely need to know what you are doing in order to be successful with this particular hobby and investment.
Photo Credits: lesleyraez
Originally posted 2009-06-01 05:49:11. Republished by Blog Post Promoter
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September 21st, 2009 — Coin Collecting, Liberty Head Silver Dollars, Morgan Silver Dollar, US Coins
Liberty Head silver dollars have been referred to in many different ways over the years. First they were called Buzzard Dollars, because no one really liked the original design of the rather scrawny eagle on the back. The large, heavy coins were also referred to as Cartwheels, and are today most commonly referred to as Morgan Dollars, after their creator, George T. Morgan.
Though when they first appeared in 1878 these coins weren’t popular at all, today Liberty Head silver dollars are one of the most collectible coins in the world, among silver and all other types of coins. When these coins were minted, the dollar coin had been discontinued for 5 years already, with Americans showing a clear preference for paper dollars. The coins were minted because of the large silver surplus created by the purchase of silver from the Comstock lode in Nevada, to keep Nevada’s economy above water. To use the silver, these coins were commissioned.
George Morgan was an Englishman who designed the Liberty Head silver dollars, and despite his post as US Chief Engraver after that, one he held for over 40 years, these coins were the only American ones he ever designed. Because these coins weren’t popular and few people used them, production stopped in 1904. Many of the coins were melted down in 1918 to help Great Britain’s war efforts. Then more were minted in 1921, but only for a brief time before the Peace Dollar was minted to commemorate the end of the war, and quickly became the most popular silver dollar in America.
The Liberty Head silver dollars continued to be melted town, and the public showed little interest in collecting them until about 1972, when a large collection of over 400 bags of the rare Carson City minted dollars was discovered. The collection ended up selling at auction for over $7 million dollars. While all these dollars are collectible, some are more valuable and sought out than others.
The most rare Liberty Head silver dollars are those minted in 1895. Called the “king” of these dollars, some have sold for over $100,000 at auction. What makes these coins particularly valuable is their rarity, and the mystery surrounding them. Twelve-thousand 1895 coins were struck, according to mint records, yet only about 80 have ever been accounted for, and all of those were proofs. None of the regular circulation coins have been recovered. Whether they were ever minted at all comes into question, but doesn’t lessen the mystique of the coin.
Liberty Head silver dollars, aside from the 1895 strike, aren’t particularly rare because millions of these coins were minted. They were larger than typical coins, and the original eagle design wasn’t popular, yet today they’re consider one of the most collectible US coins available. Online auctions are an inexpensive and ideal way to purchase these collectible coins, whether you want to purchase them to begin investing in silver, or to make the Liberty Head silver dollars an important part of your coin collection.
Originally posted 2008-11-11 14:00:28. Republished by Blog Post Promoter
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September 20th, 2009 — 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.
Originally posted 2008-11-14 05:34:49. Republished by Blog Post Promoter
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September 20th, 2009 — Bullion, Coin Collecting, Palladium Coins
Palladium coins are extremely rare and they are one of the most valuable types of money that you can collect. If you have never heard of palladium before, or if you are curious as to what these coins are, there are a few things you should know. First, palladium is a type of metal that was discovered in 1903. It is very light in color, almost a silver/white shade. The man who discovered it, William Hyde Wollaston, named it after the giant Pallas, who according to Greek mythology, was slain by the goddess Athena.
This form of metal is considered to be a subset of the platinum group, making it very rare. Palladium is often used for coinage and bullion due to the fact that it melts very easily and is much easier to work with than other members of the platinum group. Coins made of this metal will resist tarnishing well and make wonderful display pieces since they are not as affected by open air as other metals.
Many countries have minted palladium coins, and strangely enough, Tonga was one of the first to do so. In 1967 they produced a run of these coins and collectors that are seriously involved in precious metals will always try to find at least one of these coins. However, the most collectible palladium coins in the world are the ones that were produced by the Soviet Union. Other countries that produced palladium coins include Canada, France, and Slovakia.
In addition to Russian varieties, there is another extremely rare palladium coin that is difficult to find. The Royal Canadian Mint produced what they called the Big Bear and Little Bear Constellation coins, with a run of only 1200 coins total. This is considered to be one of the smallest runs in the history of recent coin making. There are a total of four different coins in this run, and each one corresponds to a specific season. Collectors that can get their hands on these are considered to be very lucky.
When you’re shopping for palladium coins, there are a few things to remember. First, the dealer should be reputable. If you are dealing with an unknown, there is always a chance for fraud. Always ask for certification, references and do your due diligence before spending money. If a palladium coin is priced well below the current market value for palladium, this is definitely cause for concern. Remember, if it’s too good to be true, it probably is.
In addition to these steps, if you are dealing with a serious investment in a palladium coin, we highly recommend having a third party appraise the piece. This can help you determine the actual value of the coin and the appraiser will be well trained to spot any potential errors that may indicate that the coin is not legitimate. Don’t sink any money into palladium coins unless you are certain that they are authentic. Otherwise, you may find out too late that your investment is worthless.
Originally posted 2008-09-15 05:00:53. Republished by Blog Post Promoter
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September 17th, 2009 — Coin Collecting, Military Coins
Whether you were once in the military, or you are a collector all of things militaria, military coins are a great and valuable item to start amassing. There are many different kinds of military coins that are currently available and numerous countries put them out. Whether they are meant to raise funds for defense, or simply to commemorate a special date, many of these coins are worth a great deal of money.
If you are interested in collecting military coins, there are a few things you should know before hand. Typically, you’ll find that the coins are divided up by the specific branch of the military for which they are issued. For example, there are military coins available for the Army, Air Force, Navy and Marines. Many collectors like to focus on one specific branch of the service, especially if they have a tie to that branch.
Military coins are also those that are shared between soldiers in other countries. It was a common practice during World War II to swap coins with allies. This gave soldiers a unique memento of their time overseas and these are considered to be very valuable, especially when you consider the overall emotional value of the coin to a collector.
If you want to buy military coins, there are a few places you can look.
Coin Shops
This is probably the best place to get military coins and you’ll be likely to find thousands at these stores. For those looking for rare coins, this type of store is a treasure box full of new finds just waiting to be discovered. Most towns will have at least one coin shop or one located near by. When you are shopping at one of these stores, ask for any certificates of authenticity if possible and make sure that the coins are authentic.
Flea Markets
In many cases, you can find incredible treasures at flea markets and this is also a great way to add to your collection of military coins. Many people will set up specific military related collectible booths, and you can find a good selection of coins. Others will have a more general approach, so you may need to do some digging to find the coin that you want.
Online Auctions
The availability of military coins has increased exponentially thanks to the Internet. You can now find coins from all over the entire world and you’ll have rare access to coins that wouldn’t normally be available in your area. While there is a little bit of risk that comes with shopping online, when you can’t actually view the coin you’re buying, most sellers are honest and will provide you with authentication. It is still a good idea to read up about the coins you want to collect so that you know what to look for.
These auction sites will typically have great deals on military coins and you can easily stock up or complete your collection in just a few minutes when you buy online.
Originally posted 2008-09-27 14:10:31. Republished by Blog Post Promoter
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September 11th, 2009 — 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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September 10th, 2009 — 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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September 6th, 2009 — 1925 Coin Penny, Coin Collecting, Rare Coins, US Coins, Wheat Penny
Probably one of the easiest coins to acquire for a coin collection is the wheat penny. This coin was a United States penny minted from 1909 to 1958. The coin goes by many names, including the Lincoln Wheat Cent and Wheatie, and was worth 1 cent at the time it was minted. While few are worth more than that today, some uncirculated mintings have gone for thousands of dollars at auction.
Most of us who had grandparents or parents who kept pennies in jars have been able to search through those coins and find at least one wheat penny or two. The front of the penny looks indistinguishable, at first glance at least, from the pennies minted today because they still bear the bust of Lincoln on the front (or obverse) side of the coin. The back of course is different, because the two wheat stalks that were on the reverse of the wheat penny were replaced with the Lincoln memorial in 1959.
The change in the reverse design, however, isn’t the only different between the wheat penny and the modern penny. And there are even variations among wheat pennies, depending on the year the penny was minted. Some of the wheat pennies produced in the beginning featured the initials of the sculptor, Victor David Brenner, on the reverse side of the coin below the wheat stalks.
This was a cause of controversy, however, and in 1918 the initials VDB were moved to the front of the coin. You must look very closely at a wheat penny from those early years and you’ll see the tiny initials on the bottom of Lincoln’s bust, below his shoulder. The coins produced before the change was made in California are more valuable than most other types of these pennies, because less than half a million were produced by that mint before the public complained enough about the prominent initial display to have it changed.
These early pennies are called “VDB” cents due to the placement of the initials. If you happen to find a 1909 wheat penny with those initials on the back below the wheat stalks that was minted in San Francisco, California, even if the coin is in poor condition, it could be worth hundreds of dollars. Mint coins with that configuration can go for much, much more. VDB cents minted in Philadelphia hold much less value, because more were produced. The 1914-D coins are also typically quite valuable.
A wheat penny with a minting error can also be valuable, such as the 1922 penny that looks plain because the die was full and couldn’t imprint the coin, and one produced in 1955 which appears minted twice, known as the doubled die coin.
If you can find lots of wheat pennies for very little money, you might enjoy looking for these different variations. Someone without an interest in the wheat penny who puts several up for auction in a lot might not even be aware that they’re selling a gem.
Originally posted 2008-11-17 14:00:16. Republished by Blog Post Promoter
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August 4th, 2009 — Coin Collecting
Coin collecting is an industry that has grown to encompass billions of dollars in sales. The earliest hobby of coin collecting is capable of being traced as far back as 1300 AD, which is when an Italian scholar known by the name of Fracesco Petrarca began to save coins and realized that his hobby collecting coins was growing in value. Collecting coins differs from the concept of numismatics in that numismatics specifically focuses on the study of currency like coins, monetary objects and notes, while coin collecting focuses on collecting those types of money for fun as well as profit.
People who make hobbies out of collecting coins tend to specialize in different specific types of collections. This is often determined by their financial resources and whatever they can invest, as well as the ease of availability for the type of coins. Collections can vary significantly including coin collections that focus on specific countries, coin collections that focus on certain eras and so on.
- Coin collections focusing on a certain country are the most common type of coin collection because accumulating coins from a single country is generally a lot easier and more straight forward.
- Coin collections that focus on a certain era in history may include Russian Revolutionary coins, United States Colonial coins and so on.
- There are other obscure types of coin collections including collecting exonumia or error coins that are created improperly as a result die errors, designs that are uneven and double strikes, as these coins are generally in a high amount of demand. Another specialized form of coin collection is to focus on coins that come from one specialized civilization such as Roman coins, Aryan coins, Celtic coins or coins from the Goth era.
People who are interested in collecting coins can find hundreds of different coin collecting groups and clubs around the United States and around the world. Here, people who are serious about coin collecting gather so that they can discuss trends in coin collecting as well as numismatics. In the United States, a good option worth checking out is the American Numismatic Association which has a constantly growing roster of collectors that are all over the country. This organization was founded in 1891 and highly encourages the research and the collection of a myriad of different types of coins and currencies.
The American Numismatic association brings out a magazine every month that is known as the Numismatist. This is a virtual treasure trove of information for any collector, regardless of whether they are new to the art of have been collecting for years. If you are interested in collecting coins, it would be wise to check out the publication offered by this group of coin collectors, as it is a great place to jump start your understanding of the subject.
Photo Credits: Roger Smith
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