Coin Collecting

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.

• The 1955 Double-Die Cent

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

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• Collecting Rare Collectibles 102 Rare collectibles are items that are perceived to be hard to find by a collectible, and they may also be antique in nature seeing as many antique collectibles are also rare collectibles. Any item that has a high quality craftsmanship, that is relatively old in nature and that reflects the......
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• 19 million times face value A 1894-S Barber dime recently changed hands for $1.9 million. John Feigenbaum, a rare coin dealer in Virginia Beach, VA, escorted the dime from San Jose, CA, to the buyer in Manhattan. The appeal of this coin is not its beauty, but its rarity. Twenty-four were said to have been......

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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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When you are deciding whether or not you would like to add a specific coin to your collection, one of the things that you are going to want to take into account is rare coin values. The rare coin values that you find will ultimately be determined by availability of the coin, demand on the coin, condition of the coin and also the grading for the coin.

Demand and Availability

The demand on a specific coin is going to be capable of significantly increasing the rare coin values. A common coin which is prized highly by collectors is going to have a much higher value than common coins that are sought by fewer collectors. Rare coin values often come from the fact that rare coins have much higher levels of demand in comparison to other common coins.

For example, despite their age, some older Roman and Greek coins are relatively inexpensive in nature simply because they are so abundant. You should also keep in mind that the current availability of the coin is not indicated by the number of coins that was actually minted, as there are situations where coins are destroyed or become lost, affecting the availability of the coin.

Condition

Just a very small difference in a coin’s condition is capable of making a really large difference in its price. Coins that have been used as currency can become worn naturally, and so uncirculated coins are generally capable of fetching a much higher price in comparison to the coins that have been circulated.

For example, a 1913 Buffalo Nickel that was uncirculated has been known to fetch 10 times more in mint condition than a similar coin that is no longer in mint condition because it was circulated.

There are a number of grading services that evaluate the condition of a coin in order to confirm its authenticity and value. There are four factors that are used to find rare coin values, including:

- Strike – Coins that are well struck are coins that have a distinct impression in their metal.

- Visual Appeal – Some coins have a luster that is soft and satin while others are more reflective in their surface. Some coins are actually colorful while others are plainer. Make sure that you are aware of what appeals specifically to you before you make a purchase.

- Luster - Dull coins are not as appealing as bright and dazzling luster. However, coins that have been doctored or cleaned are generally avoided by many serious collectors. If you find a coin that has a bright luster despite having been circulated, it has more than likely been polished.

- Wear - Deterioration can significantly decrease a coin’s value, including hairlines and contact marks. Wear is going to first occur on the coin’s highest points in most cases.

Photo Credits: gemteck1

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• World Coins Money -> Coins: World Collecting world coins is a rewarding and fascinating hobby. The first official coins were struck around the 6th century BC in Lydia, though metals used as a type of currency far pre-dates that, to Mesopotamia somewhere between 1500 and 2000 BC. Ancient coinage is fascinating, with......

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Money -> Coins-Canada -> Fifty-Cents

If you’re a coin collector, specifically a Canadian coin collector, you might enjoy looking for a 1971 Canadian fifty cent piece to add to your collection. The trick to this is finding the right fifty cent piece to know whether the coin is worth merely 50 cents, or if it’s a more valuable one that could be worth a little bit more, maybe two dollars or more, depending on the current price of silver. The real value in these coins isn’t the monetary value, though, rather it’s the value for collectors when they find this fairly uncommon coin.

Rarity isn’t the only factor in rating the value of a coin, or almost all Canadian fifty-cent pieces would be worth more. A Canadian fifty-cent pieces, whether it’s a silver minting for collectors only or one designed for general circulation, has much the reputation in Canada as the $2 bill does in the United States. They’re both real money, but some people doubt their legitimacy because they’re rarely seen and not commonly used. The 1971 Canadian fifty cent piece is distinguished from other fifty cent pieces only because it’s a silver half-dollar produced when other half-dollars were alloys.

Ironically, even though some people look at a Canadian fifty cent piece and wonder if it’s a real, legitimate coin, the fifty cent piece was the first coin the Dominion of Canada ever produced. The first domestically minted Canadian coins were fifty cent pieces featuring an effigy of King Edward VII, struck in 1908. The reverse of the coin features Canada’s Coat of Arms. Canada still produced fifty cent pieces today, but they’re still rarely found in regular circulation because most Canadians, when presented with one, keep it because of its rarity. The 1971 Canadian fifty cent piece is, of course, more worth keeping than any of the others because of its silver content.

By 1971, Canadian half-dollars were made from a nickel alloy, with no silver content. But in April 1971 they minted some silver fifty-cent pieces designed for collectors specifically, and not intended for general circulation, even though they bear the same value as other fifty-cent pieces as far as currency is concerned. Even despite its silver content, though, this fifty cent piece isn’t necessarily a great investment coin—gold bullion coins are for more valuable as investments—but it can be an interesting addition to a collection of coins from Canada or all over the world.

If you’re looking for a 1971 Canadian fifty cent piece, the chief thing you’ll need to ask is whether the coin is a standard half dollar or a silver half dollar. If the seller is unsure and the picture is unclear, you may want to purchase the coin elsewhere, because the fifty cent pieces from various years look virtually identical, giving them each very little value as collectibles. The coins are probably best found in uncirculated condition, usually sold individually rather than in lots, because they were designed as collector items.

Originally posted 2008-11-19 14:00:30. Republished by Blog Post Promoter

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money -> Coins-World -> Gold

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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Coins & Paper Money -> Coins: World -> Russia

Russian coins have recently become a popular investment, with many of the popular dealers selling out of supplies, and some older and more rare coins earning over $45,000 at auction. Many people gave up on Russian coin collecting in 2007 because of the raising values and costs of most Russian coins and the sudden surge of people interested in Russian coins, not just as hobbyists and collectors, but because of the believed investment potential these coins suddenly had.

Imperial Russian coins prices have doubled in the last year, making any pre-1917 Russian coin more expensive to obtain, taking it out of the reach of many hobby collectors, and consequently more valuable. Even the dealers are a bit baffled by the sudden upswing in the Russian coin market, especially in as short a time as one year .

The demand for Russians coins actually started 5 or 6 years ago, as the country’s economy began to stabilize after years of difficult times. During much of the 20th century, all but the wealthiest Russians often had trouble making ends meet, so expensive things were put aside. Many silver and gold coins were melted down. While the records of how many coins were minted are still there, no one knows how many were melted down and put into another form during their years of weak economy. Because Russia doesn’t allow the export of its Imperial coins, finding them outside Russia is fairly rare, with those coins either appearing outside Russia illegally, or perhaps brought by Russian immigrants years ago.

Russian coins are actually even more valuable inside Russia than they are elsewhere. Now that the economy is improving, people are more able to indulge in hobbies like coin collecting, and since so many early coins were destroyed it’s these coins that seem to have the most value. Because the price is steadily increasing, investors know that they can turn a profit in only a few months by purchasing the coins and then reselling them at their new, higher market prices later.

While this value growth can’t continue indefinitely, Russian coins still sell for less than their British and American counterparts of similar rarity, so it could continue for yet while. As long as the Russian economy improves, it’s believed that the value of Russian coins will continue to grow. At some point, though, the selling price for many Russian coins will drop, perhaps dramatically, so if you’re after a particular coin that’s out of your price range, a wait and see attitude could serve you well and get you the coin at a more affordable price.

Because of the high value of some Russian coins today, fakes have flooded the marketplace. Coin dealers can easily spot a fake, while some eBay sellers who have no intention of defrauding anyone might have no idea that their coins aren’t genuine. Choose sellers who have extensive numismatic experience and can vouch for the authenticity of their coins, and offer a refund if you should have the coin examined and discover it’s not genuine.

Originally posted 2008-10-26 14:00:13. Republished by Blog Post Promoter

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Coins and Paper Money -> Ancient Coins -> Persian, Indian, Asian

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

• World Coins Money -> Coins: World Collecting world coins is a rewarding and fascinating hobby. The first official coins were struck around the 6th century BC in Lydia, though metals used as a type of currency far pre-dates that, to Mesopotamia somewhere between 1500 and 2000 BC. Ancient coinage is fascinating, with......
• Military Coins Coins and Paper Money -> Coins US -> Coins - World 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......
• Determining Rare Coin Values in Your Collection When you are deciding whether or not you would like to add a specific coin to your collection, one of the things that you are going to want to take into account is rare coin values. The rare coin values that you find will ultimately be determined by availability of......
• Coin Collecting 101 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......
• Morgan Silver Dollar Coin Collecting -> US Coins -> Dollar Coins -> Morgan (1878-1921): 1878-1921, 1885-93, 1894-98, 1899-1904, 1921 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......

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Coins and Paper Money -> Coins US -> Coins – World

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

• Beginning Coin Collecting If there are people in your life who you think would enjoy beginning coin collecting, then there are some great resources that can help. Many websites assist parents and friends of those who are interested in beginning coin collecting to learn the basics about coins and what's available. Once a......
• Morgan Silver Dollar Coin Collecting -> US Coins -> Dollar Coins -> Morgan (1878-1921): 1878-1921, 1885-93, 1894-98, 1899-1904, 1921 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......
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• Russian Ruble Coins-and-Paper-Money -> Coins-World -> Russia The Russian ruble collector is likely someone who doesn’t just love coins, but has an interest in Russia’s heritage as a country. One of the problems with purchasing rubles is that counterfeiting has always been a common thing with Russian coins. And not just......

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Coins and Paper Money -> Coins: Ancient -> Roman: Republic

When it comes to collecting coins or paper money, many prefer to go straight to roman coins. These are highly historic collectibles that may actually be worth a good deal of money and many are quite rare. When you consider the fact that the coin had to survive for thousands of years, it’s easy to see why they are so popular, and why many can fetch such a high price at auction.

Roman coins were originally made in either silver, bronze or gold. Golden coins are considered to be the most rare, and are very hard to find today. However, a few collectors have managed to create quite a private collection of these rare coins. Silver was the most commonly used metal for coins in the period and during 200 B.C., the majority of coins produced were made of this material.

Interestingly enough, many Roman coins are actually made in the Greek style. This has been attributed to the fact that many Romans were doing business with Greeks, especially in certain parts of Italy, and they needed to have coins that would be acceptable to those that they were doing business with. Whatever the real reason might have been, it is obvious when you look at Roman coins that Greek designs did have a big influence on the finished products.

There are many different denominations of Roman coins, but drachmae are the most common. These were used by even the every day people in the city and for many workers, this was their daily wage. Many thousands of these coins were produced, and if you do find a Roman coin today, it will most likely be a drachmae since they were the ones that were the most mass produced. They were usually made of silver.

Bronze Roman coins are quite popular among collectors and while they are rarer than silver coins, they are not worth quite as much as their golden counterparts. Bronze coins were typically used for smaller denominations and were very common during the height of the Roman empire.

If you are looking to collect Roman coins, it is important to make sure that you are dealing with authentic pieces. The coins should not be perfect, in fact, they will have some oddities with their shape. This is due to the fact that the coins were all made by hand during this time period and it was natural that they would not be perfectly round. Most Roman coins will have the relief of an emperor, and this is a great way to tell just how old the coin may be.

Once again, the relief will not be perfect, and you should be able to tell that the coin was handmade. Roman coins that have survived throughout the years may be a bit dull in appearance, which is a good indicator of their authenticity. If you come across a coin that is simply too shiny, you may be dealing with a counterfeit.

To protect yourself when collecting Roman coins, it is always best to get an appraisal before you buy to ensure that they are authentic.

Originally posted 2008-09-05 05:00:05. Republished by Blog Post Promoter

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Coin Collecting -> US Coins -> Dollar Coins -> Morgan (1878-1921): 1878-1921, 1885-93, 1894-98, 1899-1904, 1921

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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