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 13th, 2012 — Coin Collecting, Coin Collection Value, Coin Value
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
Originally posted 2009-09-24 03:57:16. Republished by Blog Post Promoter
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February 10th, 2012 — Buying and Selling Coins, Coin Collecting
For many, the hardest part of a hobby is actually getting that hobby started. This couldn’t be more true than it is for those who are looking to start a coin collection. With thousands of different coins available to collect, it can be hard to understand where to start or know how to start.
There are a few different things that you can do to get a coin collection started. These tips are going to help you to start a strong collection that will be easy to grow and expand. Each of these four tips is important for a different reason – be sure to understand and consider each of these steps.
Set a Starting Budget
One of the biggest mistakes that someone starting a coin collection can make is blowing their entire budget on one coin when they start their collection. These individuals get excited about super rare coins or coins of high value and pick it up. They fail to realize that part of the fun of coin collecting is picking up multiple coins and continuing the search for a new coin. If you spend all of your money on your first coin, you will have nothing to look forward to until you have more money. This can kill your momentum and your drive for new coins.
Talk to a Coin Collector Shop Owner
It is important for you to gain knowledge of the world of coin collecting as you work to start your own collection. Talk to a coin collector shop owner about starting a coin collection. They will be able to teach you as much as possible about things like coin values and counterfeits, helping you to make smart decisions as you look to start your collection.
Plan Your Collection
While it may be tempting to simply jump into coin collecting, you need to have something resembling a plan of attack. Think about coin values and the type of coin collection that you want to have. This will help you to plan your collection out. You will be able to see what coins you are going to collect, helping you as you budget for future purchases.
Have Fun!
It is important to think about coin values, your budget, and the theme that your coin collection will follow. With that being said, it is also important to let loose and have fun with your collection. It can be easy to get wrapped up in the serious aspects of coin collecting, quickly taking the fun out of the coin collecting hobby. A random coin purchase here and an over-budget purchase there will help to keep the collection fun and interesting for you.
There are plenty of other tips and tricks that you will want to put into play as you work to start your coin collection. Research as much as possible about coin collecting to learn what else you should do to get your collection going in the right direction.
Photo Credits: Christian Frausto Bernal
Originally posted 2011-06-01 03:49:34. Republished by Blog Post Promoter
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February 9th, 2012 — Buying and Selling Coins, Coin Collecting
Anyone living in an area with few coin shops understands how difficult it can be to find the different coins that they are interested in. These different coin shops simply do not have the rare coins that serious coin collectors are looking for, making it difficult for them to continue their coin collections. If you are serious about coin collecting but cannot further your collection through your local stores, you will want to consider online shopping.
Online shopping is a great tool for those who are looking to add some rare coins to their collection. With that being said, online shopping can be slightly dangerous for those who have never done it before. You need to work to understand what to look for to avoid getting ripped off or taken advantage of.
Check Credentials
The first thing that you should do when looking at an online store is to check credentials. If it is an online auction site, you will want to check their auction credentials. Others than that, look for any associations that the website may be attached to and research those associations. There will be online stores who do not have these connections that are still reliable – these connections will simply help you to better understand the safety of using a site.
Check Online Reviews
Online reviews will often be your window into the companies and websites you are looking into. Websites that are scamming their customers are going to be called out for it online. If you search online and notice that a website has a growing number of complaints, stay away from that company and website and find a different website.
Check Payment Options
If you are going to purchase coins online you are going to want to find a website with reliable methods of purchase. PayPal is going to be the type of payment that you will want to see, follow by credit card payments. You should never give banking number information to a website during a purchase.
Check Refund Policy
One of the ways for you to find a reliable online store is to check the refund policy and search online reviews to make sure that refund policy is upheld. You should be able to send a coin back if it is not what you thought you were getting or is not what the description led you to believe you would be getting. If you find a website that states that all sales are final, you may want to move on to another website.
Contrary to popular belief, it is possible for you to find the rare coins that you are looking for online. For everyone one bad online dealer there is a wealth of reputable dealers who are looking to connect you with the coins that you want. Take the time to look for these stores and practice these tips as you shop in these online stores. You will be able to find a reputable dealer and will be able to find exactly what you are looking for.
Photo Credits: Nick Forslund
Originally posted 2011-05-16 03:41:26. Republished by Blog Post Promoter
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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 6th, 2012 — Coin Collecting, Finding Coins, Rare Coins
Coin collecting is something which has been practiced in America for over 200 years now. It is something which has been enjoyed by people of every age and for many different reasons. When creating or expending a collection, it is normal to seek out the best rare coins you can find. These coins will allow you to have a great collection which will include coins of all different kinds of values. It is important to remember that there are many different places you can find collections at. If you search around, you will be able to find the best coins at the best prices.
Often you will have to sacrifice price a little bit to get the rare coins you really want for your collection. This is the case when you go to a coin shop to get what you want. You can also find many great coins at the coin auctions. One of the favorite places to acquire coins from are the other people out there with their own collections. No matter where you get your coins from, make sure that you are getting the coins that you want at the price you can afford.
Coin Shops
Coin shops are perhaps the most expensive option which is available for buying rare coins. The biggest advantage you get when you buy from a coin shop is that there are constantly coins being bought and sold by the shop. If you get in good with the shop owner, you will be able to get notification when a coin you are looking for makes its way into the shop. This way you will be able to pick up the coins that you want without having to search all over town to find them. Instead, they will find you.
Coin Auctions
Another great place where you can find great rare coins is at the auction. These have literally hundreds of different coins which you can purchase. Best of all, you will be able to see the coins first hand and you will get to examine them before you make a bid to purchase them. With any luck, you will be able to get the exact coins you are looking for at a fraction of the price that you would normally be able to buy it for. At the very least you will be able to cap your bid at the market price.
Private Dealers
The most common way for people to purchase the rare coins that they want to purchase is through private collections. These are people just like you. Even if they have collections which are much more expensive than yours, they still purchase each coin as an individual and stock their collection based on what they feel that they need. You have a pretty good chance of getting the coins that you want at a price which is fair. The only thing to watch out for are people trying to make a huge profit where it is unwarranted.
Photo Credits: Ben Sutherland
Originally posted 2010-09-02 09:03:41. 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 30th, 2012 — Ancient Coins, Coin Collecting, Roman Coins
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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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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