February 8th, 2012 — Coin Collecting, US Currency
If you are thinking about getting your child started on coin collecting, you are going to want to get them to stick to one specific niche or theme. This helps to give them direction as they work to start their coin collection and helps to give them specific benefits.
While some people think that a coin collection with nothing but US currency is a bad idea, others think that it is a great type of collection work toward. Looking at the pros and cons of collecting only US currency for a child’s coin collection will help you to understand whether or not this is right for your child.
Pros
- One of the major pros of focusing on US currency for coin collecting with children has to do with history. Coins are one of the many different parts of history, with different coins being minted during different periods in US history. Children will learn about different aspects of history as they research the coins that were minted before they were born.
- Current currency is also offering a glimpse into history, pulling for figures and facts about our history and adding them to the design. Recent state quarters and presidential dollar coins are giving kids insight into our history, providing a base for history discussions in the family. Focusing on US currency can be a great way to get in some extra education with your child.
- Focusing on US currency is also easier for many families, as this type of currency is more readily available. You can easily find both old and new coins at coin shops around the nation, making collecting easier for your child. Foreign currency may be hard to find, depending on where you are located.
Cons
- The only real con to collecting just US currency is the fact that you may be holding your child back from experiencing the culture of other currencies. It can be a great exercise in multiculturalism to collect coins from various countries – your kids will learn how other countries operate and will learn more about their history through collecting their coins. Interesting designs are also a good reason for ids to go beyond US currency, as other countries are more creative and intricate with many of their currency designs.
Sticking with US currency is going to give your child a small sense of national pride while helping to teach them about the history of their country. With that being said, it keeps them from learning about other countries and denies them the interesting types of currency found in different parts of the world. You simply need to think about your child’s collection and what they enjoy. Ask them about the types of currency they would like to collect after showing them examples of both. For many, this is the perfect way to help decide between sticking with a US theme or looking abroad for a coin collection.
Photo Credits: AntTree
Originally posted 2011-05-13 03:25:25. Republished by Blog Post Promoter
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January 21st, 2012 — Canadian Coins, Coin Collecting
Whether you are from Canada, or just interested in collecting Canadian coins, there are plenty of options out there and many of these coins are actually quite valuable. Before you get started with your collection, it’s a good idea to know what is out there and which coins will be the best investment. Here’s a quick guide to Canadian coins to get you started.
1. Gold and Platinum Coins
By far, the most valuable Canadian coins are the ones that are made from platinum or gold. You’ll find many commemorative coins made of these materials and some are worth more than the actual face value of the coin. If you’re looking for a solid investment with a history of growth, these coins are a great option. While not all are incredibly valuable, the majority will be worth at the very least their face value.
2. Loonies and Twoonies
Loonies are a very popular Canadian coin, so called due to the design on the coin. This is a dollar coin and it can be a bit harder to find the older ones. If you happen across a Loonie, it’s a great idea to keep it since it may be worth quite a lot of money. Twoonies are also popular and this is a two dollar coin that is a real collector’s item. Not many people actually use these, so it is possible to get your hands on one that has not been circulated.
3. Province Coins
Just like the US and the state quarters, there are province specific Canadian coins that are very valuable. It’s a lot of fun to see if you can get all the provinces and this is also a fun hobby for kids that combines geography with stamp collecting. The commemorative ones are going to be the most valuable in these coins, but there is still a lot of demand for these on the market.
4. Collections, Lots
If you want a jump start towards building your collection of Canadian coins, one of the best ways to do that is to get an entire collection in one fell swoop. You can usually find these at auction and in many cases, there will be at least one or two very rare stamps in the collection. Even if you already have a large personal collection, this is usually a very economical way to add to and even discover some new stamps along the way.
5. Proof Sets
These are probably the rarest and hardest to find in Canadian coins, but if you do come across a proof, you can almost guarantee that it will be worth quite a bit of money. These are the proofs that are used when they are minting coins, and there are many antique ones that are very popular right now.
No matter what kind of Canadian coins you are interested in collecting, you can find them at auction, online and even from private dealers. Give collecting these coins a try and see what rare finds you can come across.
Photo Credits: woody1778a
Originally posted 2008-09-23 05:00:22. Republished by Blog Post Promoter
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January 10th, 2012 — Coin Collecting, Finding Coins, US Coins
There are many different kinds of coins you can collect out there. Among the most popular to collect is the American coin. This is because to date the American coin collector is one of the preeminent collectors in the industry. Other countries like Australia and Canada are starting to grow in the amount of collectors, but they still do not compare to the amount of collectors which have established themselves in the United States. This presents an opportunity and a challenge for all people looking to get started collecting these types of coins.
If you are looking to get started with your own American coin collection, there are a few things you should keep in mind. The first thing that you will have to decide is how much you are willing to spend on your collection. Once you have this figured out, you may want to decide how you would like to display your collection. You should always make sure that the coins you purchase have been graded and certified so that you will know that you have a collection which is genuine and also you will know how much your collection is worth.
How Much You Will Pay
Coin collecting is a hobby which everyone can get involved in. If you do not have a lot of money, you can start by collecting some of the commemorative coins which are put out by the U.S. Mint. These include the state quarters and the recent President dollars. Those looking to spend more money can chase the Morgan silver dollar or even seek out the gold 1933 Eagle coin. Spending a lot of money only means that your collection will be worth a lot now. It is possible to spend a little and end up with treasures which will be worth a fortune later as long as you take good care of them.
Different Ways to Display Your Coin Collection
Collections can be displayed in a number of different ways. The most common way to display a collection is laid out on a luminescent surface. This is because you will likely have the coins in the slab that they were put into when they were certified. Others will decide to instead display their coins in a matted frame. These do not have to be reserved for just commemorative coins. You can use the mat for just about any kind of coin as long as you do not mind that it is out of reach.
Grading and Certification
Having your coins graded by a third party is a great way to make sure that your American coin collection is certified as the quality that it is. This is a great way to know what it is that you have in your collection. It is also a great way to make sure that you will be able to protect your coins for future generations to enjoy. The sooner you get it graded and certified, the sooner you will stop any aging problems the coin might encounter.
Photo Credits: Astro Guy
Originally posted 2010-08-21 03:16:00. Republished by Blog Post Promoter
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December 31st, 2011 — Coin Collecting, commemorative coins
There are a few different kinds of coins which you will find in most every collection. Rare coins are among the most prized of all coins you will find in a collection. Of course, these are not the only coins which you will find in a collection. You will also find that most collections will have at least one commemorative coin. This begs the question as to why these kinds of coins would be so collectible. The more you find out about commemorative coins, the more it will make sense to own the coins in your own collection.
For most people, the answer to why the commemorative coin is collectible is because it is instantly valuable. The coins value of each coin will depend on a few different factors. It will depend on the amount of coins which are produced. The beauty of the coins and the story behind the coins also plays a large part in how valuable the coins will be to you and other numismatics. Keep these things in mind when you are going to buy your next commemorative issue coin from the mint or from another collector.
Volume of Striking
In most cases a commemorative coin is struck with only a limited number being put into production. This means that the coins are instantly rare. The less the coins which are created, the less you will find that you or anyone else can obtain. If the coin is intended for distribution as legal tender as the state quarters are, only the ones which are graded in Mint Status (MS60 – MS69) are considered to be worth anything other than a quarter. This is because anything which has been held by human hands has nothing unique about it. It is common.
Beauty of the Coin
The beauty of the commemorative coin is very important in terms of its value. This is because all else, people like to look at the coins. The more striking the coin is, the more it will be worth to the numismatic crowd. Coins like the Saint-Gaudens Double Eagle are prized not only because they are rare. They are prized because they are considered by most to be one of the most beautiful coins ever to be struck by the Mint.
The Story Behind the Coin
Often if the commemorative coin has a good story attached to it, it will increase the value of the coin. This can be the reason why the coin was created in the first place. It can also be because the coin went through a lot of turmoil to get to the point in history where it currently resides. The more interesting the story, the more the coin is worth. Often the story behind the coin will be what has led to the rarity of the coin or the beauty of the coin. This is why many of the commemorative coins which are sold are either graded and slabbed or they are sealed in a frame which tells the story of the coin.
Photo Credits: kevindooley
Originally posted 2010-08-29 03:48:44. Republished by Blog Post Promoter
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October 13th, 2011 — State Quarters, US Coins
If you have an interest in coins or coin collecting, but you are not really sure where the place is to get started, why not consider starting your own unique state quarters collection?
Collecting coins, especially starting a state quarters collection is a hot topic right now, at least as far as many coin collectors seem to be concerned. One of the most popular types of collections to come along in a number of years is the state quarters collection, especially because this is a collectible item that isn’t rooted in a fad, meaning that you do not have to worry about your state quarters collection losing value or being worthless in the future. Anybody from any age, gender, any income background and absolutely any walk of life can do what it takes to start up a state quarters collection. Is this something that you are curious about doing?
Since state quarters are relatively easy to find, everyone can afford to begin a collection. If you’re on a budget, simply save the ones that you find in your change. You can also buy uncirculated editions from coin dealers or from the US Mint if you are becoming a little more serious about your state quarters collection.
The program that released a state quarter for every state in the United States ran beginning in 1999 and ended in 2008. Five different coins were distributed every year, with intervals of 10 weeks or so separating them. Each state quarter has an individual, unique design that is printed on its reverse side. The quarters were both minted in Philadelphia, Pennsylvania and Denver, Colorado on a nearly 50% each basis.
The quarters that were minted in the year 2000 seem to be the most plentiful batch, as nearly 6.5 million coins were produced in that year alone. The lowest run of production was for the Iowa based quarter, which came from the mint in Philadelphia, as only 213,800,000 coins were made. The largest minting was for the Virginia based quarter, which was also minted in Philadelphia, and had a run of a total of 943,000,000 coins.
According to market research that was conducted in the year 2000 by the U.S. Mint, more than 106 million Americans were participating in some form of a state quarters collection. In April of 2006, it was determined that as many as 140 million collectors had begun to collect their own state quarters collections. This is the kind of collection that you can involve your entire family in if you like, or something that you can do all on your own as well. Because there are so many editions of the coins out there, it should not be difficult to create a complete collection of all 50 quarters.
Photo Credits: KaCey97007
Originally posted 2009-10-16 03:10:42. Republished by Blog Post Promoter
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