February 13th, 2012 — Coin Collecting, Coin Collection Value, Rare Coins
The wide variety of coins and paper money that can be added to your collection come in the forms of both easy-to-access money and rare coins. Rare coins are a special part of coin collecting, providing individuals with goals to set and coins to chase.
There are some coins that are more rare than others, making them more elusive and more interesting. Having information on these coins will help you to understand their history and to understand exactly what is so unique about the coins. These are just some of the rare coins that you may want to add to your collection.
1943 Copper Penny
Wars tend to bring out interesting pieces of money for collectors, and the 1943 copper penny is no exception. The penny was created during the Second World War – a time when copper was rationed. Most were made out of brass and steel, but some were made out of bronze. Those that were made out of a bronze/copper alloy are incredibly rare.
Morgan Silver Dollars
Morgan Silver dollars come from a wide variety of years, ranging from anything from 1879 to 1921. These are considered to be some of the strongest coins for coin collectors in the United States and abroad. For one, the coin is known as incredibly rare. No matter the year, these different coins are hard to get a hold of. And add to your collection. There are some that are harder to get a hold of than others, like the 1895 Morgan Silver Dollar. These coins generally did not see circulation, meaning that most of them are in mint condition. This simply raises their value and cost.
The $20 Double Eagle
The United States minted Gold Double Eagles, coins that were worth $20 and were made out of a 90% gold alloy. The coins were put into circulation from 1850 to 1933. These coins have become incredibly rare, and are some of the most sought after in the world. The 1933 has the special distinction of being the hardest to find. This was the final year of the Double Eagle, a year that was never supposed to actually see circulation. Anyone who holds this coin will hold a pricey piece – the last coin found went up for auction and sold for nearly $8 million.
You do not need to try to add these coins to your collection to be able to have a good and strong collection. These are simply some of the coins that serious coin collectors enjoy hunting for. These are prized possessions that are for those who are serious about coin collecting, looking past values in an attempt to simply have coins that make them happy. If you want to have a collection that makes you satisfied and engaged, look into these rare coins and find the ones that you would like to hunt down for your collection.
Photo Credits: jwinfred
Originally posted 2010-12-27 03:00:05. Republished by Blog Post Promoter
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February 9th, 2012 — Buying and Selling Coins, Finding Coins, Foreign Currency, Paper Currency, paper money, US Currency
Old paper money is something unique and interesting to collect, featuring tons of variation and tons of history that can be incredibly intriguing and exciting. There are some who collect paper currency who stay away from old paper money, any coin collectors who stay away from paper money as a whole. They think that old paper money is too expensive and too difficult to find.
There are plenty of places for you to find old paper money, and plenty of places to find that money at reasonable prices. These different tips will help you to find the old paper money that you have been looking for.
Talk to Coin Dealers
The first group of people that you will want to talk to as you work to find old paper money is coin dealers. You want to talk to them because of the various connections that they have in the world of collecting money. They will be able to talk to you about exactly who you need to talk to when looking for old paper money. They may even give you some personal recommendations, getting you in with some of the more powerful collectors and dealers in your area.
Go to Shows and Conventions
Money collecting shows and conventions are going to be perfect places for you to look to as you work to find old paper money. Plenty of paper currency dealers and collectors frequent these shows, giving you a wide variety of people to talk to and a wide variety of old paper money to choose from. You can generally work prices down lower when at a convention, as the traffic booths see allows dealers to go lower than they would usually go.
Use the Internet
You can easily use the Internet to find the different money collectors and money dealers in your area. You will be able to email these individuals and businesses directly to understand what type of old paper money they have available, saving yourself from having to visit each coin collecting business.
Buy On the Internet
You can now find old paper money available through online auction websites and the such. You simply need to work to find reputable sources that are not going to try to rip you off. Online reviews will help you to better understand which online websites and auction dealers are reliable. This should be your last ditch effort to find paper money, however, as you never know what the state of the paper currency is until you actually pay for and receive the old paper money.
There are places for you to find old paper money and there are ways for you to find that paper money for less. You simply need to know where you need to look to find the great deals on this interesting and historic money. Take the time to seek out these locations through these tips. You may be able to add incredible pieces to your collection, rounding out your already interesting and unique paper currency collection.
Photo Credits: Nate Hofer
Originally posted 2011-02-09 03:42:31. 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.
Photo Credits: epSos.de
Originally posted 2011-01-31 03:25:15. Republished by Blog Post Promoter
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February 5th, 2012 — Buying and Selling Coins, Foreign Currency, Paper Currency, paper money
It can be easy for many to collect U.S. Currency, but somewhat difficult for these same people to collect foreign currency. Foreign currency provides an interesting spin to coin collecting and paper money collecting, but can be difficult for some to obtain. While some stores carry foreign currency on a regular basis, others do not.
There are a couple of different tips and tricks to follow if you are thinking about expanding your foreign currency collection. These are just some of the many different ways that you can expand your overall collection.
Travel
If you are trying to find coins from a specific location of the world, you may want to travel to that part of the world. If you are simply interested in starting a foreign currency collection, start to collect money from the places that you are visiting for different reasons.
It is much easier to find older coins and older pieces of paper currency of international origin when you are actually visiting international places. If you are thinking about traveling and thinking about picking up some coins you are going to need to bring extra money with you. Prepare for the extra expenses to ensure that you are not strapped for cash as you travel.
Talk to Friends Who Travel
If you have friends or work colleagues that travel internationally, talk to them about your coin collection needs. You may be able to give them money in hopes of finding some different coins or paper money in the area. If you are just starting your foreign currency collection, simply give them some money and ask them to exchange it when they arrive at their destination. This is a quick and easy way to get together all of the current currency of a country without having to leave the comfort of your home.
Budget
If you are looking to expand your foreign currency collection you need to set a budget. While some see a budget as restrictive, others see it as a way to make faster purchases. If you have a specific budget set for your foreign currency collection you are less likely to balk at a purchase. If you have the money in your budget for the coin or piece of paper money, you will act quickly to purchase it and add it to your collection. A budget will help you to stay on track monetarily and will help you to expand your collection.
There are going to be plenty of other ways for you to expand your foreign currency collection and get the coins and paper money from around the world that you seek. These tips are for both the incredibly passionate and the slightly interested, as you can tailor your actions to your needs and your passion for foreign currency. Something like setting a budget is perfect for all levels of interest, while traveling is something that is more for those who are serious about their collection.
Photo Credits: Homini:)
Originally posted 2011-02-02 03:31:25. Republished by Blog Post Promoter
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February 4th, 2012 — Chinese Paper Money, paper money
The Chinese actually invented paper money, and the process of making it dates back to the early 9th century. Collectors are always seeking Chinese paper money due to its rich history and value, and this is a currency that is very unique. Although it is nearly impossible to find many of these notes outside of a museum, Chinese paper money is very popular and if you can get your hands on a note, you may have a treasure on your hands.
Chinese paper money was originally called “Flying Money” because it was so light, and if the owner did not hold on to it, it could easily blow away. The first notes were made from very delicate paper and they were used almost like IOUs. The owner would write down on the note what they were willing to pay for something, and the recipient could then take that to the bank to cash it. This bank draft system is very similar to our own checking system now.
Chinese paper money changed slightly when the Mongols took over. Instead of paper, the notes were then produced from silk and they were backed by a silk standard, much like the gold standard that would later be used in the Western hemisphere. This was a new idea, and in order to use the notes, the owner would have to actually deposit a set amount of silk yarn in the bank.
The silk form of Chinese paper money endured, and was used throughout the world. It has been discovered in far flung parts of the world by archeologists, but it is very rare to find any that are available to private collectors. After this period in Chinese history, the Ming Dynasty changed the currency, moving back towards paper.
The main problem they faced with this new Chinese paper money was that there was only one set denomination. This forced many to rely on coins since the notes were hard to use for smaller purchases. Due to these problems, paper money actually fell out of use and inflation rose. It wasn’t until modern times that paper money would return and become widespread.
We can thank the Chinese for our current paper money system and their innovations which are centuries old are still in use today. Collectors of Chinese paper money will typically be able to find notes for sale from other private collectors or at auctions. The advent of the internet made it easier to locate many of these notes and business is booming on online auction sites.
For those interested in collecting Chinese paper money, it is best to find notes that are in good condition. The most common are the ones from the Ming Dynasty period, but every once in awhile you can find older notes. The paper is very thin, so these notes should be treated with extreme care and sealed off from air and dust. They are an important part of monetary collectibles and should be treasured as such by collectors.
Photo Credits: kevindooley
Originally posted 2008-09-29 14:00:46. Republished by Blog Post Promoter
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February 4th, 2012 — Buying and Selling Coins, Coin Collecting
Coin collecting is an interesting and unique form of collection in the sense that people spend money to acquire pieces of money that are rare and no longer created. The cost of coin collecting is obvious in the sense of actually having to take the time to purchase different coins. Beyond that, hidden costs can change how you feel about coin collecting.
You need to focus in on exactly how much this form of collecting is going to cost you before you actually choose to start collecting coins. Taking all expenses into consideration will help you to jump into your collection in a strong and confident way.
Cleaning
Cleaning accessories are accessories that you are going to need to factor into your budget as you think about the cost of coin collecting. Every coin collector is different and is going to want to use different cleaning methods to keep their coin collection looking as good as new. You need to think about all of the different cleaning options that you have, and what options work best for you. Then, take a trip to your local store to find out how much all of those different accessories cost. Some will be surprised at how cheap it is, while others will not have expected any of that initial cost in the first place.
Accessories
You need to think about all of the different collection accessories that you are going to need to use while collecting coins. You are going to need cases for individual coins and for individual paper money pieces. You are also going to need larger cases that hold all of the different coins that you have. Finally, you are probably going to need to factor in some form of record-keeping system. While you may keep it on your computer, you will want some form of hard copy in a protected binder. This helps you to keep track of what you have and help others to understand what you have should you need to pass your collection down to a family member.
Purchases
The major cost that comes from coin collecting does come in the form of the actual purchase of the coins and paper money pieces. Future coin collectors should understand that some pieces are going to be more expensive than others, and that some pieces can cost hundreds or thousands of dollars. Take the time to look into the costs of different coins at local coin collector shops to see exactly how much you may spend for the coins you want.
You need to take into account the amount of money that you will spend on the various currencies that you want, and must take into account the cost of collection accessories. If you can factor in all of these different costs and still afford to run your collection, you will be able to enjoy your collection to the fullest.
Photo Credits: Cycrolu
Originally posted 2011-01-24 03:21:45. Republished by Blog Post Promoter
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February 3rd, 2012 — Colonial Money, paper money
If you are interested in collecting paper money, Colonial money is one of the hottest tickets going right now. When the first US colonies were formed, the nation and its currency system were still in their infancy. It was decided that paper money would be used, and gradually, currency was printed and distributed for use. Today, colonial money is usually worth much more than its face value, provided that it is original and not a reproduction. Here are some tips on how to tell whether or not you have an authentic piece of colonial history.
1. Check the Signature
Colonial money was always designed to have at least one signature on the note. You may need to look carefully to determine whether or not a signature is present, but if you can’t find even one, chances are you may be dealing with a reproduction. The color of the signature should be in red ink.
2. Is it Numbered?
Colonial money was always numbered to help them keep track of how many bills were in circulation. Once again, if you are dealing with an authentic note the ink color will be red and the number will be very noticeable. Age made have faded the note slightly, but you should be able to tell that the ink was once a red color.
3. Look at the Writing
Typically, colonial money featured a handwritten signature, and some bills may have other handwriting on them as well. This is actually quite important, and is a big clue to the authenticity of the note. If the handwriting is the in the same color as the rest of the bill, there is a very high chance that you are in fact dealing with a reproduction.
4. Look for the Stamp
In most cases, reproductions that are intended merely for home use will carry a stamp that says “facsimile.” This is done to help people get a better idea of the colonial money that was used, but they are not intended to be collector items. While some reproductions may not have this stamp, the majority should.
5. Find the Watermark
Even in the height of the colonial period, when technology still was struggling, watermarks were added to bills to help determine whether or not they were authentic. You can use that same watermark to help you determine whether or not you have authentic colonial money on hand. Hold the bill up to a light source to see if you can spot the watermark. If you can’t chances are you have a reproduction.
6. Take it to an Expert
If you plan on investing in a colonial money note, it is best to have it examined by an expert to determine the authenticity of the note. They will be well versed in the different types of ink, the different plates that were used, as well as how real colonial money should look. There is no substitute for getting an expert’s opinion, especially if you will be investing in colonial money.
Photo Credits: woody1778a
Originally posted 2008-09-11 14:00:01. Republished by Blog Post Promoter
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February 2nd, 2012 — Coin Collecting, Silver Bullion Coins
People buy silver bullion coins for a few different reasons. Some buy them because of the precious metal content as an investment and buffer against inflation. Some people buy them because they fear that one day our popular currency will become worthless, and they want to be prepared with the only kind of money that would likely be worth anything in that case. They know they could use gold and silver coins to barter for goods and services if paper money were repudiated. And some buy bullion coins because they’re coin collectors and they want to add these brilliant pieces to their collections.
If you want to buy silver bullion coins for investment purposes, then your true investment in the silver lies in not how many coins you buy necessarily, but how many ounces of silver you end up owning because of those coins. In this case, it doesn’t matter if the coins can be used as currency, so foreign coins which contain high amounts of silver are as good an investment as United States coins, or vice versa, depending on where you live. The age of the coins is irrelevant, too.
Silver bullion coins minted since 1965 contain stamps showing the purity of the silver within them and the silver coins pre-dating this do not, but that makes them no less valuable as an investment. Many people think the only silver bullion coins used in the US are dollars like the 1 ounce American Eagle, which is a popular collector’s coin. But before 1965, several types of coins contained 90% silver, like dimes, quarters and half-dollars. These and coins like the American Silver Eagle, which contains 1 ounce of pure silver, are a good investment and in a worst-case scenario where the value of paper money dropped substantially, these coins could be used as money.
Survivalists who invest in silver bullion coins typically purchas as many coins dating since 1965 as possible. They believe that it’s likely that one day our money system will collapse and the only real currency that one could survive on would be silver and gold bullion. Since the silver content is stamped on each coin produced since 1965 showing that it’s an ounce of pure silver, they believe that it will be easier to get people to accept those coins as payment in the event of a financial collapse. For these purposes, they’ll typically buy $1000 face value bags, or bags in smaller increments, rather than individual coins.
For collectors, the earlier coins are often considered junk coins, because they have little numismatic worth. Silver bullion coins for collectors are typically silver proofs or coins in Brilliant Uncirculated condition, only if they really want the coin and can’t acquire a mirror-like proof. If you’re looking on eBay for collector coins, a popular place to find them, you’ll need to do some research on the individual silver coins so you can tell the difference between BU and proofs, as often they look similar.
Photo Credits: hardwarehank
Originally posted 2008-10-27 14:00:50. Republished by Blog Post Promoter
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February 1st, 2012 — Buying and Selling Coins, Coin Value, Paper Currency, paper money
Collecting currency is something that people have been enjoying for a long time. It is a way that you will be able to get to know the currency for your own nation as well as the currency for other nations. These different kinds of currency allow you to be able to enjoy the different changes which have gone on throughout history. Among the most elaborate of the currencies is that of the paper currency. If you enjoy collecting this kind of currency, it is a good idea to get to know what affects the paper money price.
To understand everything which goes into paper money price, you will need to understand many of the base concepts of collecting currency. This includes getting to know the grading system itself. You should also get to know what rarity has to do with price. Additionally, you must understand that things can change to elevate or decrease the value of the paper money that you have in your collection. This will allow you to be able to get everything that you need so that you will be able to not only enjoy your collection more. You will also be able to buy and sell with confidence.
What Makes Grading
One of the most important parts of determining paper money price is to determine the grade of the item. The highest quality when it comes to grading paper money is that of the pieces which have never been touched by human hands. These mint pieces are treasured even when they are still fairly new. As money is handled or torn, it degrades in grade. The lower the grade is, the less it will be worth. Bear in mind that even though something has a poor grade it does not mean that it is worthless.
Get to Know Rarity
There are plenty of pieces which fetch a high paper money price. This is due to the fact that they are considered to be highly rare. The rarer the item is, the more that it is worth. It does not matter whether it is terrible condition. These conditions can be created because of changes in government as well as changes in the currency. Whenever you are collecting, it is always fun to look for these because they normally have a great story as well as the fact that they are a challenge to find.
Changes to Value
It is also important to remember that changes happen all the time which affect paper money price. These changes usually involve some kind of a discovery or an event. Among the discoveries can include a highly graded rare item. This will make the lower grade of the same item worth less. Additionally, there are some rare items which will become less rare whenever a cache of the currency is discovered. There can also be changes which will cause something to be rarer based on destruction or things getting lost. Knowing this will help you to get more for your collection.
Photo Credits: shannonpatrick17
Originally posted 2011-09-14 08:49:46. Republished by Blog Post Promoter
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January 31st, 2012 — Paper Currency, paper money
Paper currency collecting is somewhat of a lost art, thanks to the incredible popularity of coin collecting. Coins are easier to find and often cost less, a major selling point for those who are looking for quantity over quality with their collection. Paper money is something that can be incredibly interesting to collect and is something you should consider for your own collection.
Take the time to give serious consideration to adding paper money to your money collections. The more that you look into this type of collecting, the more interested you may become in paper currency collection as a whole.
Rarity
The first thing that you are going to notice about many of the paper money pieces that are up for collections is that they are rare. The most popular pieces are rare because of the material the money is made out of. Paper simply does not last as long as metal does, making some of the rarest pieces of paper money incredibly hard to find. Most people find it easier to collect coins, but those who are looking for the thrill of the find will love paper money.
Care
If you are thinking about paper money know that you are going to have to be cautious and careful with your money. While most people are careful when collecting coins, they do not know how to treat paper money. You must be more careful, more precise, and seriously consider the medium of them one. You will not be able to wash paper money like coins and will not be able to store paper money like coins.
Cost
While we have covered the rarity of coins, we have yet to cover how that rarity plays into cost. Paper money is going to be more expensive to collect for two different reasons. First, the paper money simply has a higher face value than the coins. Secondly, the paper money is harder to find. Paper money collecting is more expensive that coin collecting is most cases.
Counterfeits
There are plenty of people who try to run the system by counterfeiting paper money. They create fake copies of this money and often do a fairly convincing job. Those who are untrained often have difficult spotting the real paper money from the fake paper currency. If you want to get into this type of collecting, take the time to research the obvious marks of a counterfeit bill.
Some people do not want to deal with paper money collecting. They feel as if it is too time consuming and too hard to do. Paper money can be somewhat rare, requires more delicate care, and can be expensive. If you take the time to truly think about everything that you could add to your collection, however, you will find that you are missing out on an incredible part of currency collecting. Paper money collecting can be a part of your collection and should be a part of the future of your money collecting endeavors.
Photo Credits: quinn.anya
Originally posted 2011-05-20 03:50:27. Republished by Blog Post Promoter
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