February 8th, 2012 — Coin Collecting, Coin Collection Value, Coin Value
Coin dealers, just like any other type of dealer or business, requires stock that they can sell to the public. Rather than obtaining or acquiring their stock from a factory or manufacturer however, they obtain their coins from the public instead. Classic types of rare coins have to be acquired from more advanced collectors or from auctions but lesser rare coins can still show up just about anywhere including in your normal pocket change. Below are some coins that are often ignored by your average person despite being capable of bringing in real money, should a hobbyist notice it and offer it for sale to people interested in rare coin collecting.
If it weren’t for the diligence of some rapid coin collectors interested in rare coin collecting, many of the coins in the following list would go completely unnoticed. These coins are often found by way of careful scrutiny.
- The 2004 Wisconsin State Quarter, on coins featuring an extra leaf.
On some of the Wisconsin quarters minted in 2004, there is an extra leaf either below the corn husk or at the very base of the husk. The value of these coins ranges from $50 to $100 dollars.
- The 2000-P Sacagawea Dollar from Cheerios
These coins were placed randomly in a number of Cheerios cereal boxes after being packed in protective plastic sheets. These coins exhibit more detail than the later production coins. The value of these coins is as yet undetermined.
- The 5c Doubled Monticello from 1939
This is a 1939 Jefferson nickel, and while this coin is relatively easy to find, locating the doubled die reverse is not going to be as easy. The value for these coins is between $30 dollars and $500 dollars depending on the quality of the coin.
- D/horizontal D 5 cent piece from 1942
This Jefferson coin is not the same Wartime silver alloy, but rather it is the previous variety which is a copper and nickel alloy. More than 14 million coins were minted, which was a fairly large mint for the time period. The coins struck from the die with the error are relatively elusive, but still possible to be found. The value for these coins is between $30 dollars and $500 dollars depending on the quality of the coin.
This is perhaps the kind of the doubled dies, as it has spectacular doubling. They were originally discovered in coin rolls. Nearly the entire output from the improperly struck die managed to reach to circulation, so you will really never known when one of these true beauties is going to show up. The value for these coins is between $500 dollars and $1,500 dollars depending on the quality of the coin.
Photo Credits: Abhijit Tembhekar
Originally posted 2009-10-10 03:18:17. Republished by Blog Post Promoter
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February 5th, 2012 — Ancient Coins, Coin Collecting, Greek Coins, Morgan Silver Dollar, Rare Coins
There is something very special about rare coins. No matter where in the world they came from, they usually have a very rich history and collectors will search to the ends of the earth to find that special rare coin that will complete their collection. Many of these coins will go at a premium price at auction, worth far more than they ever were when they were in circulation. Let’s look at a few of the different types of rare coins.
First up, you have rare coins from ancient civilizations. Whether it was an early coin from Mesopotamia, a Grecian coin or a Roman coin, these are usually the most valuable. However, they are also the ones that may be copied. If you see a lot of coins and the seller claims that they are all authentic, but the price seems too low, you may want to rethink your purchase. Truly ancient rare coins are typically very expensive. It is all too easy nowadays to replicate these coins and mass produce them.
Next, look for coins that are oddly shaped or made from rare materials. This shows that they were handmade and are typically older in origin. These are not very easy to find, but Greek coins are the perfect example of this. These rare coins were handmade and will frequently be just a little off of perfect. Some may even include the maker’s signature or mark, and these are very valuable indeed.
Other rare coins that are fun to collect coincide with specific eras in history. For example, many collectors look for coins produced during the French Revolution. This was the time period when the first Marianne’s were made, and they are incredibly collectible. Other examples would include confederate coins, from the US civil war, or coins that were produced by governments that are now extinct.
Whenever you are shopping for rare coins, it also pays to look for any errors that may be present. These are usually incredibly valuable, and although they are hard to find, it is very special when you do come across one. Examples of error coins include coins that are missing something from a design, or ones that may have blatant errors. Examining coins for these flaws is always interesting.
The rare coins that are the most valuable are usually the ones where only a few are left. Using the Morgan Silver dollar as an example, there is one variety where only a handful are accounted for. This gives collectors a challenge and the ability to experience the thrill of the hunt as they try to uncover that incredibly rare coin.
If you have not yet begun collecting rare coins, it’s a good idea to start thinking about which era or type of coin you might be interested in. For example, many collectors start off by picking the year they were born, or the coin that commemorates an event that is special to them. Once you get started with rare coin collecting, you’ll see just how exciting this hobby can be.
Originally posted 2008-08-29 05:00:33. Republished by Blog Post Promoter
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February 1st, 2012 — Coin Collecting, Rare Coins
Rare coins can be an incredibly important part of any coin collection, as they provide interest, intrigue, and pride to the collection itself. Some people will only have a few of these coins in their collection, while others will have a wealth of these coins. Whether you have one rare coin or a multitude of rare coins, you need to work to make sure that the coins are cared for.
There are certain actions that you must take to protect the coins in your collection, especially the rare coins that you do have. These coins have high values and should be treated as such. These are just some of the tips to consider when taking care of the most valuable coins in your collection.
Clean Them Carefully
One of the most important things for you to do to your coin collection is to clean it. The same can be said for rare coins – you need to clean them to keep them safe. A serious cleaning when the coin first becomes a part of your collection is crucial, as the dirt and grime and cause issues as far as the surface of the coin is concerned. Routine light cleanings will help to keep the coin free of any potentially damaging surface substances while keeping the coins looking their best.
Secure Them
If you have rare coins, you must keep them secure. Do not put the rare coins in a location that is easily bumped. Do not allow the coins to move freely, where they could bump up against one another. Small dings and scratches can cause serious issues as far as value is concerned, especially if the damage is in one of the important areas of the coin, like the mint location or the year. If you properly secure your coins, you will be sure to avoid any potential issues as far as bumping and scratching is concerned.
Insure Them
One of the things you must do to care for your rare coins has nothing to do with the physical aspects of the coin. You need to insure all of the rare coins that you have. This will help make sure that your coin value is insured. Should anything happen to the coin, you will not lose the value of the coin. Many fail to realize that a rare coin is an investment – should something happen to that coin, and you are uninsured, you will lose the investment.
If you are starting to collect rare coins, you are getting into serious coin collecting. You need to act like a serious coin collector if you want to make sure that your collection is secure. Taking care of the rare coins you have in your collection is imperative, as it is necessary to make sure that the coins do not lose their value at any time. Follow these tips and seek out other tips to truly understand how to care for your rare coins.
Photo Credits: kevindooley
Originally posted 2011-05-27 03:06:02. Republished by Blog Post Promoter
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January 27th, 2012 — Buying and Selling Coins, Coin Collecting, Rare Coins
Money collectors are always on the lookout for the next piece that they can add to their collection. For those who enjoy collecting rare coins, it can be difficult to find the pieces that you want to buy. After all, this is why they are called rare coins. Of course, one of the ways where you can get exactly what you are looking for is that you will be able to buy from rare coin auctions. These auctions are open to all collectors and might help you to find exactly what you are looking for.
Of course, there are many reasons why you might want to attend. You might have discovered that a piece that you are looking for is being sold at the auction. You might also find that those selling are ones you know to have pieces you are interested in. You might also attend because you are one of the parties selling their coins. This will help you to be able to not only make the most out of the auction. You will also be able to elevate your status in the world of rare coin collecting.
Buying a Specific Piece
Whenever you are hunting down a rare coin, you might find that they are being sold at the rare coin auctions. This will allow you to be able to get the coin that you are looking for so that you can add it to your collection. Finding out what will be sold in an auction is easier in some auctions than in others. Try to ask for a list of the items being sold before you even dedicate yourself to being able to attend the auction. This will help you to decide whether it is in your best interest or not.
Buying from Certain People
Even if you are not able to find out what pieces are being sold at the auction, you might be able to find out who is selling at the auction. It could be from a single collection of a collector who has passed or it might be form individuals just like you looking to sell some of their collection. These rare coin auctions will allow you to be able to get the pieces that you want by knowing exactly what other collectors have in their collections.
Making a Sale
Another reason you might be attending these rare coin auctions is that you might be among those who is selling coins. This will allow you to be able to get everything that you will need so that you will be able to get as much as your coin is worth and sometimes a lot more. This is because the bidding will pit collectors against one another. These auctions are at times how the prices will be determined for what individual sellers will be able to get for the same piece. This is why it is important that these auctions continue to be held for a long time to come.
Photo Credits: Tjflex2
Originally posted 2011-09-19 08:58:43. Republished by Blog Post Promoter
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January 26th, 2012 — Coin Collecting, Morgan Silver Dollar, Rare Coins, US Coins
The Morgan Silver Dollar is considered by many to be one of the most valuable US coins that you can collect. It’s history ranges from 1878 to 1904, and during its run, it was one of the first dollar coins that was available for public use, minus the Seated Liberty Dollar. The coin was named for its designer, George T. Morgan and to this day, collectors search for these valuable items.
The main reason that silver dollars were put into use is due to the fact that when the Comstock Lode was discovered, silver prices fell dramatically due to the influx of the rich metal onto the markets. The Bland-Allison act called for coins to be used as currency and the rest is history. It wasn’t until 1921 that silver dollars fell out of use, and during that time many were melted after the availability of silver fell again.
Out of all of the Morgan Silver Dollars that were minted, by far the most valuable one is the one called the King of Morgan Silver Dollars, or the 1895. This is a very rare coin and those that are able to find them are considered to be very lucky indeed. Many private collections contain these rare coins, and there is quite a market for them at auction. Even though the coin itself is worth only 1 dollar in silver, the value of these coins can exceed $120,000.
There is somewhat of a mystery around the Morgan Silver Dollar from 1895 that has sparked collector interest. In total, there were about 12,000 total made during that year, and 880 proofs were created as well. To date, only a small portion of these coins, around 80, have been discovered. That means that somewhere, there are more than 11,920 of these rare coins that are waiting to be found.
No one really knows what happened to them either, which makes finding one all the more special. While all Morgan Silver Dollars are valuable, it’s the King that everyone wants for their collection. In total, more than 500 million Morgans were produced during its minting period and of that amount, approximately 2.5 million are still around.
If you are looking for a true one of a kind collector coin, the Morgan Silver Dollar from 1895 is certainly the one to search for. However, finding any Morgan Silver Dollar is considered to be a feat, especially today when they are very scarce. This is a fun coin to collect and even if you never do find that special King, you can still enjoy your entire collection.
For collectors interested in stumbling onto a King, the best place to start is by looking at auctions, or at online auction sites. Many times, you can find one of these incredibly rare coins for a steal, especially if you purchase a raw lot. The hunt is still on for the King, and with more than 11,000 still out there, there is a chance that you just may be the one to find one.
Originally posted 2008-08-14 05:00:02. Republished by Blog Post Promoter
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December 31st, 2011 — Buying and Selling Coins, Coin Collecting, Rare Coins
If you are thinking about getting into serious coin collecting, you are going to find that there are coins with value that are more rare and more interesting than others. These different coins are somewhat alluring, and are often prized possessions for those who are serious about their own coin collecting.
One of the most important things for you to figure out as a serious coin collector is when to purchase coins with value, and when to walk away from them. It can be easy to be pulled in by their allure, but you must stay strong. These tips will help you to better understand what type of transaction to make, and when.
When The Price is Low…
Make the purchase. This is somewhat of a no-brainer, but should at least be mentioned in the sense that you should make a purchase when you know the value of the coin and the price they are asking for it is low.
This is when it is important to know the value and to know what counterfeits look like. You need to research counterfeits to make sure that the low price is not indicative of a fake coin.
Make the purchase. There is something to be said for being able to pick up coins that are incredibly rare. Even if the price seems somewhat high, it is a coin that you may not see up for sale for years. If you really want the coin and feel an emotional attachment to the coin, make the purchase.
When the Coin is Over Priced…
If you know the value of the coin and the price that they are asking for it is simply too high, pass on the purchase. You should never pay far too much for a coin unless it is an incredibly rare coin that will see value go up based on demand. If you overspend for a coin, you may not be able to add other coins to your collection at the speed or pace that you would prefer.
When There is No Negotiation…
Walk way. If you feel as if a coin is slightly overpriced but cannot get the coin collector to budge on the price, you should probably walk away from the purchase. An overpriced coin is an overpriced coin. Unless it is rare, you should try to find it somewhere else. If you walk away when the coin dealer will not negotiate, you may get them to actually start to lower the price in an attempt to make a sale.
It can be difficult for many collectors to pass up the coins with value that they have been interested in for quite some time. These collectors need to make sure that they are not taken advantage of, however, and need to work to make sure that they are getting the coin for a fair price. This is one of the most important things about coin collecting to learn: to be patient and to know when the transaction is right.
Photo Credits: epburn
Originally posted 2011-05-02 09:41:44. Republished by Blog Post Promoter
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December 17th, 2011 — Buying and Selling Coins, Coin Collecting, Finding Coins, Rare Coins
When you are getting into the world of coin collecting there are several things you need to know. One of the most important pieces of information you need to know is how to go about finding the best rare coin shops near you. You need to know this because there are so many individuals and businesses which are cashing in on coin collector by means of deception. Knowing who to go about finding the best rare coin shops you will be able to better protect yourself from making bad investments or being scammed on the sell of coins on your collection.
Look for the Right Seal of Approval
Here in America coins have there values determined in part by a grading system called the Sheldon Grading Scale. This rare coin grading scale is said to be one of the best in the world. The Sheldon scale consists of 70 points which are used to grade coins based on their condition. The grade of a coin is important because it is what helps to determine the monetary value of the coin and it can indicate how rare a coin is. All reputable coin traders and business in America use this one grading system.
There are three main professional slabbing companies, or coin graders, which are recognized by reputable coin collectors across the country. These companies are PCGS, NGC, and ICG. Most the slabbing businesses outside of these three are considered unprofessional and referred to as basement or garage slabbers.
Since the big three professional slabbers are so widely recognized and align themselves worth reputable rare coin shops you will want to do business at rare coin shops which have been approved by, or has the seal of approval from one of these three companies. This will not only ensure that any coins you are looking at in these shops have been properly and accurately graded.
Note the Service you Receive
Before you go into any rare coin shop do some research about the coins you are looking for. When you go in be sure to ask the individual assisting you questions about the coins you already know the answers to from your research. How receptive the sales person is to answering your questions and how the answers they give you to your questions can be very telling. If the sales person seems guarded and is not receptive to your inquires about the coins or if they give incorrect answers to your questions you will not want to do business in that shop.
The best rare coin shops in America will have sales people who are open and willing to answer any questions you may have about any rare coin in their shop. The best shops will have sales people who are very knowledge about the inventory they carry in the store. Remember, the best coin shops will treat you the best because the want to make you a long time repeat loyal customer.
Photo Credits: Mukumbura
Originally posted 2010-08-10 18:36:22. Republished by Blog Post Promoter
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October 27th, 2011 — Coin Collecting
Collecting different coins is a truly pleasurable and profitable type of hobby or endeavor. Most people who are novices in collecting encounter problems relating to having too many coins, and therefore they do not have an adequate amount of information about the coins that they have or about the coins that they should be collecting. As a result, their coin collections become somewhat dysfunctional in nature. There is good news, however. There are a number of different types of coin collecting software out there that are designed to help you properly organize, sort and maintain your coin collection no matter how small or how large it has grown to be.
Many types of coin collecting software have now been made available to a variety of people throughout the world. It may take some time to get the hang of a piece of coin collecting software, but there are many benefits including the ability to know what types of coins you have, what types of coins you need, and what your coin collection is worth on the market.
There are pieces of coin collecting software that are intended to help you deal with rare coin collecting. They are specialized types of programs that were designed to be used on computers, and they have become truly necessary as tools for monitoring and keeping track of all of your coins, rare or not. These software programs are designed to help you organize, classify, sort and even catalog all of your coins in a fast, convenient and efficient manner. It is important, if you have a coin collection of any type, style or size, that you find the right coin collecting software for your needs. This type of software can really go a long way in helping you to keep control over your coin collection so that you always know what you have, what you need and what your collection is worth above all else.
The availability of different types of coin collecting software makes it possible for hobbyists to spend more time enjoying their coins and less time categorizing and sorting and organizing them. It is also going to provide them with a lot more quality time that will allow them to indulge in a myriad of other additional activities. Technology has really made it possible for collectors of all levels to receive the tools that they require to manage, to sort and to keep tabs on their coin collections so that they can really love and enjoy this important hobby. This means that you can eliminate all of the stress that was previously associated with keeping track of your coin collection and can actually begin to enjoy the collection that you have built up for yourself.
Photo Credits: Bashed
Originally posted 2009-10-27 03:56:46. Republished by Blog Post Promoter
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October 23rd, 2011 — Buying and Selling Coins, Coin Collecting
Anyone who is interested in expanding their coin collection is going to want to hit up some of the different coin shows in their area. These coin shows feature coin dealers who are looking to sell off large amounts of coins. They provide coin collectors with an incredible opportunity to purchase the coins that they have been seeking out for their collection.
There are various benefits to heading to a coin collecting show and various benefits to adding to your coin collection from the show. You simply need to understand how you can benefit, and how you must act, from and at the show.
A Wealth of Dealers
One of the major benefits of heading to a coin show is the wealth of coin dealers that you find at the show. There will be hundreds of different dealers who each have unique collections for sale. The chances of you finding the rare coin that you are interested in for your collection are great, simply because of the mass amount of coins in the building at one time.
Competing Prices
The other benefit that comes from the wealth of dealers at the show is competition. The different coin dealers at the show know that there is competition. They know that other dealers are going to be providing the same coins that they will. They may throw in extra coins with a big coin purchase or may lower their prices in an effort to compete with the other dealers who are showing at the same show.
Working Down Prices
There are some people who do not try to work down the prices of coins at coin shows. They think that the dealers will not lower their prices, as there are thousands of others looking to purchase coins. Remember, however, that dealers are competing with one another. You can easily work prices down by small amounts, getting the exact coin that you want for a slightly lower price than others would have paid.
Letting it Go
While it can be hard to walk away from a coin that you want for your coin collection, you need to know when to let a piece go. Some dealers are going to over charge because of their location at the show or their thoughts on selling at shows. You can try to work them down in price, but will find that some are simply unwilling to budge. If so, you need to know when to walk away from a coin sale to make sure that you do not spend too much on one coin.
Coin shows can easily be overwhelming, as can be the coin dealers at the show. Do not be intimidated, however, as you can easily navigate the waters of the show. You simply need to understand how you can benefit from the show and what you need to do at the show. Embrace these different benefits and utilize these different tips. They will make it easy for you to collect the coins that you need for your collection.
Photo Credits: pjoh
Originally posted 2011-02-21 08:21:13. Republished by Blog Post Promoter
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October 16th, 2011 — 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
Originally posted 2009-10-04 03:01:31. Republished by Blog Post Promoter
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