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Ancient Coins And Legal Tender 2008-04-28 05:31:10 The price of a rare coin depends on supply and demand. If only a few coins were made but there are tons of collectors, it will be very expensive to start that kind of collection. Ironically, ancient coins are some of the most inexpensive and most interesting coins to collect. Because of the large number of coins in circulation between 650 BC, when stamping coins became popular, to the fall of the Roman Empire in 450 AD, tons of coins were created, and more are being uncovered every day. Common bronze coins that were being used in the time of Archimedes can be bought for about $10 apiece. The third, and probably least important thing to consider when starting your collection is the likelihood that your coins will increase in value. Coin collecting for investment purposes can be a tricky end Read more:Ancient
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Ancient Coins And Legal Tender 2008-04-28 05:30:08 How do I Start Collecting Coins and Legal Tender
? When deciding which coins to collect, you should consider your interests, your budget, and your return on investment. The first step when building a collection of coins is to decide what category of legal tender interests you most. Some people like to focus their collections on specific precious metals, such as gold, silver, copper, or bronze coins. Others like to concentrate on a specific time or region, like ancient Roman coins. Commemorative coins are a popular form of collection, as are rare minted coins like those which had an error in their stamping. If a certain set of coins doesn’t interest you, it won’t be any fun at all to become a collector. Another interesting choice for numismatists is a token collection. Tokens were histor Read more:Ancient
Ancient Coins And Legal Tender 2008-04-28 05:29:04 Getting Started with the Hobby of Numismatics and Collecting Coins What is Numismatics? Numismatics – the very name sounds mysterious and evocative. In simple terms, numismatics covers the science and study of coins, cash, and other legal tender, as well as medals, tokens, and medallions. The collection of ancient, commemorative, and rare coins is a fun and exacting hobby, and opens up a realm of history that most people never get to see. A numismatist holds an ancient coin that has passed through dozens or hundreds of hands throughout the millennia. In medieval times, the collection of ancient coins was already popular, but it was known as a hobby for kings. Today, building a fascinating collection of coins does not have to be expensive, and everyone can participate in this exciting pas Read more:Ancient
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Challenge Coin Display Cases And Challenge Coins Tips 2008-04-28 05:27:10 I find the military challenge coins a bit magical. Did you know that no one can point exactly when the first challenge coin was made? Some say that the first one is date to World War 1. Others say that the first military challenge coin is from the Vietnam War. I believe that people are just starting now to understand the real value of challenge coins. A good investment would be purchasing as many different challenge coins as you can. They are going to be an expensive collectible item in a few years. But one should remember that a challenge coin represents values before everything – support to the organization minted on the coin whether it is a navy challenge coin, marine corps challenge coin or any other organization.by: John Dell Read more:Challenge
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Challenge Coin Display Cases And Challenge Coins Tips 2008-04-28 05:25:44 Buy a challenge coin display that totally answers your needs: 1. One that will make you proud of your challenge coins collection – Some have dozens of challenge coins from navy challenge coin, marine corps challenge coins and army challenge coin to air force challenge coins and police challenge coins. A collection like this could be really impressive. 2. One that will fully protect your challenge coins – Most of the challenge coin display cases have a plastic capsule for each individual coin.by: John Dell Read more:Challenge
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Challenge Coin Display Cases And Challenge Coins Tips 2008-04-28 05:24:47 I find it amazing that the interest and popularity of challenge coins and challenge coin displays keeps rising. I get many questions about military challenge coins so I have decided to gather some valuable tips for you. The most popular challenge coins are navy challenge coins, marine corps challenge coins, army challenge coins, air force challenge coins and police challenge coins. Which one do you prefer? Challenge
coins are more precious than one can imagine – they usually worth a couple of bucks, but they have a sentimental value no one can evaluate. That’s way; you must protect your military challenge coins by using a challenge coin display case.by: John Dell Read more:Display
Collecting Greek, Roman, and Other Old Coins 2008-04-27 12:12:35 How to Store Old Coins Elderly coins, like elderly people, require tender handling. It is important to remember that one of the vital factors regarding the value of an old-time coin is the patina, or the sheen that builds up on the surface of a coin over time. The last thing you want to do is to polish an ancient silver coin so that it is bright and shining! When dealing with old coins, you should only hold them by the edges, since the oil on your hands can ruin the patina. Do not attempt to clean old coins on your own without learning a lot about the proper techniques. Only a veteran should attempt to clean a potentially valuable aged coin. When storing old coins, always use acid-free materials; any other kind of storage could damage the coin. You’ll need a safe place to keep your ancie Read more:Collecting
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Collecting Greek, Roman, and Other Old Coins 2008-04-27 12:12:00 Buying Uncleaned Lots of Old Coins Of course, there is another bargain option when buying ancient coins, and that is to buy a lot of uncleaned coins. These are old coins that have been unearthed in archaeologically rich areas like Italy or Greece, but have not had the dirt and buildup of the centuries cleaned from them. Uncleaned lots of elderly coins are exciting because you never know if the coins will be so worn that there is nothing left but a smooth piece of metal, or whether you will uncover a genuine rare coin. You should be aware, however, that the likelihood of finding a high-value gold or silver coin among uncleaned lots is extremely slim. Furthermore, the reason why uncleaned lots are sold to begin with is that cleaning old coins is a difficult endeavor in the best of circumstan Read more:Collecting
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Collecting Greek, Roman, and Other Old Coins 2008-04-27 12:11:27 Things You Should Look For While Buying Old Coins Unless you are looking to spend some serious money on your collection, the old coins that you buy will probably not be extremely valuable as an investment. However, that should not undermine the thrill of being able to own a genuine aged coin on a shoestring budget. There are numerous places, both online and off, that sell inexpensive old coins. The important thing to look for when buying these ancient coins is that the coin is identifiable. It is disappointing to buy an aged coin, only to realize that there is no way of telling what it actually is. The best way to ensure that an ancient coin is identifiable is to be certain that the writing and inscriptions on it are legible. Read more:Collecting
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Collecting Greek, Roman, and Other Old Coins 2008-04-27 12:10:37 A Beginner’s Guide to Collecting
Inexpensive Old Coins Collecting old coins is like holding a piece of history right in your hand. It is common to find affordable ancient Roman
coins that are 1600 years old, and many are even 2000 years old or more. Imagine that the ancient Roman denarius in your collection might once have bought admission to the gladiator fights in the Coliseum or chariot races at the Circus Maximum. The best thing about collecting old coins is that, unlike other antiquities, ancient coins are remarkably affordable. Because so many ancient coins have been discovered, and more are being unearthed every day, it is possible to buy millennia-old coins for only a few dollars apiece. For less than the cost of a movie ticket, you could own a link to olden times. by: Charles R Read more:Greek
5 Reasons to Buy and Collect Certified and Graded Coins 2008-04-26 21:56:47 It is possible to buy and sell a coin that is Certified
and Graded by one of the Top Four, sight unseen, and know exactly what you are getting. From a description of the coin (e.g.: 1903 O, MS66, NGC, Morgan #034), you know what you are buying, and what to expect. It always helps to have a little description of its appearance, such as “white hot” or “slight reverse toning”, since there is one limitation to selling a Certified and Graded coin sight unseen: It is still possible to buy an ugly coin. But that is why we have scanners, fax and email.Therefore, as a Coin Collect
or and Investor, always collect Certified and Graded coins by one of the Top Four. It is the most reasonable way to verify authenticity and identity of every coin in your collection, as well as to establish a relia Read more:Reasons
5 Reasons to Buy and Collect Certified and Graded Coins 2008-04-26 21:56:09 Reason No 4. To Establish the Coin’s Grade.A coin’s Grade is what determines its Value. You want Good Value when you Buy the coin. You want to get what you pay for (or more) and not get cheated. When you get ready to Sell or Upgrade, you want to get the most for your coin. You Have to Know What the Coin is Worth! The Grade is always an Issue when Buying and Selling a Collect
ible Coin. Having the coin Professionally Certified
and Graded virtually eliminates this Issue, and the Arguments. This is Your Neutral Third Party.Reason No 5. Trust and Credibility.The Top Four companies are Consistent, Reliable and Trustworthy. They have Established and Respected Reputations. Their Standards are the Highest and the Best. You are taking a Risk when buying a certified and graded coin from any other Read more:Reasons
5 Reasons to Buy and Collect Certified and Graded Coins 2008-04-26 21:55:02 Reason No 2. To Establish Authenticity.You want and need to know that your coin is not only the Real thing, but that it has not been altered (changing a mint mark - fraud) or changed, for example by cleaning, polishing, changing the appearance or surface of the coin, in any way that would render your coin unfit to collect. If it is Unfit to Collect
, there won’t be many Buyers or Sellers. Many coins graded by lesser companies end up getting Rejected by one of the Top Four for these reasons.Reason No 3. To Establish Identity.Is that 1909 Lincoln penny a VDB? Did you overlook the “S” mint mark. Is it a Type 1 or Type 2? These little identifying marks can mean the difference between a $20 coin and one worth $35,000. We all make mistakes and overlook or miss, mint marks, details, and cert Read more:Reasons
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5 Reasons to Buy and Collect Certified and Graded Coins 2008-04-26 21:53:41 Why should a coin collector and investor buy and collect professionally graded and certified coins?. Commonly called “slabs”, they are housed in a protective plastic holder. There are many companies – over a dozen are less than 2 years old – which will put your coin in a slab after Certifying that it is Authentic, and assigning a Grade to the coin. The first reason for buying and collecting Certified
and Graded Coins applies to all of these companies. However, the most important reasons apply only to the Top Four companies: PCGS, NGC, ANACS, and ICG.Reason No 1. To Protect Your Coin from Damage.Visible Damage, which includes anything from finger prints/oils to being stepped on. More importantly, Environmental Damage, including such things as exposure to the air, or the wrong kind o Read more:Reasons
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What Coins Should I Collect? 2008-04-26 21:48:34 Lastly, decide whether to collect all of the coins in your Group – including varieties and errors – or just the Regular Issue Coins. Errors and Varieties can become extremely expensive and difficult to find. Most people will avoid them.This Concept of “Trading Money for Money” is critically important because most people shy away from spending a little more, just to get the best. And I am talking about the best in quality of coin, no matter what the Grade or Price. In other words, get a Coin with the Grade it is Supposed to Have. This is the Only way to be sure of the Value of the Coin. Spend your Money Wisely. Get what you pay for. Until you become a Professional at Grading, rely on the Professional Graders. Whether you choose to collect Kennedy Proof Half Dollars, or Jefferson Nic Read more:Collect
What Coins Should I Collect? 2008-04-26 21:48:01 Your Budget will usually determine the Grade of coin that you can afford to collect. MS63-MS65 is an Ideal range for collecting, not only because of the excellent condition and detail of the coins, greater availability, lower costs, and because coins in this range tend to Appreciate faster than other Grades. There item is very simple, and it has to do with the quality of the coin – or how much you want to Spend per Coin - for an average coin, for an exceptional coin, or a perfect coin. Your budget will usually determine this factor, or, how much per month you can spend (per month?) for your new Investment. Never doubt that Coin Collect
ing is an Investment. Although it is easy to overlook the amount of time spent on this Endeavor because two of the main ingredients are Pleasure and Enjoym
What Coins Should I Collect? 2008-04-26 21:47:15 The one thing that is important in all of the above choices is the Grade of the Coin, which is closely related to Value (a topic for another article). But which leads to the next choice: Buy Slabbed or Raw? Raw coins are what you find in pocket change. Slabbed coins are those that are Professionally Certified and Graded by an Independent Third Party. The coin is then placed in a “slab”, made of plastic, identified, labeled and sealed. It actually takes 3 Professionals to decide upon the Grade of a Coin. If Buying Raw Coins, You need to Know How to Grade a Coin. Even then, there will be Disputes about the Grade. When Buying a Slabbed coin, You Know the Grade. The Grade Becomes Virtually Undisputable! All references to Price in any resource are Based on Grading, which follows the Guideli Read more:Collect
What Coins Should I Collect? 2008-04-26 21:46:00 The Next Step is to decide upon the Quality of coin you want to collect. Your choices are: a) pocket change; b) bank rolls; c) US mint and proof rolls and sets (new and used); d) Buy from Coin Shows and Clubs; e) Buy on the Internet; f) Buy from coin dealer; g) Buy from coin magazine or ad. Each has their benefits and advantages. Pocket Change and Bank Rolls provide Circulated coins. The US Mint provides Uncirculated “Mint State” and “Proof” coins.The Internet provides the Greatest Selection from private Web Sites, e.g.: www.ThePerfect-Coin.Com to the big Auctions like eBay, Yahoo, Heritage and TeleTrade. And With the advent of PayPal.com (free) it becomes very quick and easy to pay for purchases over the Internet and by Phone.by: Robert L Taylor, JD Read more:Collect
What Coins Should I Collect? 2008-04-26 21:45:15 You should collect what you like and enjoy. This is Your Dream. Design it any way you want.Never-the-less, . . . decide on Foreign coins or US Coins; and Proof or Mint State. If US, then decide upon a Denomination: penny, nickel, dime, quarter, half dollar, dollar or other.Or, decide upon a particular Period in History, e.g.: Morgan Dollars (Lady Liberty, Following Civil War), Peace Dollars (Following WWI), War Time Cents (Steel and Shell Casing - WWII), War Time Nickels (Silver - WWII), Silver quarters and dimes – pre 1965; Statehood Quarters; 20th Century; 19th Century.Or decide upon an Historical Figure; Kennedy Half Dollars (Following his death), Lincoln Cents; Washington Quarters; Franklin Half Dollars; Eisenhower Dollars, Susan B Anthony Dollars, Roosevelt Dimes; Sacagawea Dollars. Read more:Collect
How To Create Your Own Coin Collecting Kit 2008-04-26 11:49:22 5. Glasses that magnifyTo rank the coins, magnifying glasses offer a big helping hand. Though 7x magnification is the most recommended one by numismatists, but even magnification in the range of 4x to 10x will complete the job pretty well.For examining the degree of excellence and the genuineness of coins, a magnifying glass is of great help. Defects which can't be seen by the naked eye like scratches or even hairlines can be brought to notice by magnifying glass. This is a good thing as such defects affect the coin-value in a negative way.6. Light SourceA source of light should be kept at a distance of half a meter from the workstation. A 75-watt lamp that's incandescent or a halogen lamp is suggested for this purpose.7. Tools for handlingThe quality of the coins gets diminished by the ma Read more:Collecting
How To Create Your Own Coin Collecting Kit 2008-04-26 11:48:35 3. Coin BoxCoins should be kept in properly protected holders and boxes so that they don't get damaged.Some chemical reactions often occur between the metals of which the coins are made and sulphur or PVC. So paper (in which sulphur is present) or plastic (consisting of PVC) shouldn't be used for coin-storage on a long-term basis.4. Gel of SilicaFor preserving the coins properly, packets of silica gel should be used as it helps to maintain correct temperature and low level of humidity in the atmosphere.by: Mohammed Shomam Read more:Collecting
How To Create Your Own Coin Collecting Kit 2008-04-26 11:47:34 2. Record of the stock of coinsProper stock-records for all the items that you have collected must be kept. Facts such as grade, year, cost, face value, remarks and trend should always be obtainable in case they are needed.Stock records aid a lot in proper organization of the collection of coins. If any collector gives a brief look to these records, it can help by showing which coins have become useless or are required no more.For keeping a record of information related to coins, numismatists have some alternatives as regards the method to be followed. They may utilize either the long established procedure of using paper and pen or use the software specifically prepared for coin-collection.by: Mohammed Shomam Read more:Collecting
How To Create Your Own Coin Collecting Kit 2008-04-26 11:46:51 You can't say that collecting coins is only about coin-keeping. Numismatists or people enthusiastic about coins will tell you that it is much more -- a rather methodical and to some extent a complex hobby. You should follow some specific guidelines to make sure that you carry on this hobby with a disciplined approach while having fun and making money at the same time.Below is the list of some necessary things that should be a part and parcel of your coin collecting activity.1. Using guide books on coinsBoth beginners and professional collectors of coins should use guide-books on coins.Coin guides give tips on how to start, as well as special instructions on how to proceed with the hobby of coin collecting.These books not only give start-up tips but also provide information regarding the pr Read more:Collecting
Understanding Coin Price Guides 2008-04-26 11:33:50 Even if you do have the skills and training of a professional coin grader, the decision is still probably questionable. Why? Because even professional coin graders have differing opinions. This is why the reputable professional coin grading companies require the opinions of three (3) professional coin graders to arrive at the “Grade” designation to be placed on every coin.The obvious conclusion is that a Serious Coin Collector is going to invest in rare and modern coins that are graded by one of the Top Four reputable Grading companies. It is the only certain way to eliminate the disagreements and arguments about the Grade of Any coin being Bought or Sold! It is the only certain way one can Value their coin collection. It also eliminates “getting taken” or cheated buying raw coins. Read more:Understanding
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Understanding Coin Price Guides 2008-04-26 11:33:21 The first difficulty that arises is that most people never know if the Grade that they have decided upon is Accurate. Of course, this difficulty never comes into question, if the coin is Professionally Graded by an appropriate company. There are only four (4) reputable Professional Grading companies that strictly follow the Guidelines set by the ANA, and they are: PCGS, NCG, ICG, and ANACS.The second difficulty arises because of this “silent assumption” or Foundation of all price guides is whether or not the Grade has been decided upon using the Guidelines or Standards established by the ANA. If you don’t have the skills and training of a professional coin grader, the decision is probably questionable. Read more:Understanding
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State Quarters – The Easiest Way To Start A Coin Collection Part 1 2008-05-06 10:57:37 Nothing in recent years has done more to popularize coin collecting than the 50 State
Quarter Program Act of 1997. This unique Act runs from 1998 until 2008 is easily the most popular minted coin series in the history of the U.S. Mint.Beginning in 1998, five new state quarters are released each year for a ten year period with a new quarter released approximately every ten weeks. The quarters are minted for a ten week period and are never issued to the public again.Borrowing a page from history a unique method of issuing the coins was devised. Each state quarter is issued according to when they became a part of the United States.by: Mike Taylor Read more:Start
Understanding Coin Price Guides 2008-04-26 11:31:06 Price Guides
assume that YOU already Know the Grade of the Coin. This is why we have the First Rule of Coin Collecting: Know the Grade of Your Coin.Secondly, ALL Price Guides are founded on the same Principle, which is that the Coin, whose price you are looking up, has been Graded using one Grading Standard. That Grading Standard is set by the ANA – American Numismatic Association – and is entitled the Official Grading Standards For US Coins.Therefore, ALL Price Guides have a “silent assumption” built in to their guide; which is that the Grade that YOU decide upon, is True or Accurate, and that such Grade is based on the ANA Standards.by: Robert L Taylor, JD Read more:Understanding
Understanding Coin Price Guides 2008-04-26 11:29:55 There are many coin price guides published; weekly, bi-weekly, monthly and annually. They come in the form of magazines, newsprint, “hot sheets”, and books. All of us have referred to one of these from time to time to ascertain what a particular coin might be worth. Yet, few of us stop to think about what we are getting from any one of these Price Guides
, beyond the price or value of a coin. After all, don’t price guides, just give you the price? What else is there?Basic to an understanding of price guides are two things: 1) the Grade of the Coin; and 2) the Foundation of the price guide. Knowing the Grade of the Coin is required before one can begin. Saying so seems to be obvious, but what more does it mean?Unless the coin is Graded by an appropriate Professional Grading Company, wh Read more:Understanding
State Quarters – The Easiest Way To Start A Coin Collection 2008-04-26 11:22:03 Since these coins are in great demand and will never be minted again prices of the state quarters have been increasing and some of the early state coins are worth $1.00 or more depending on condition. A specialty area of coin collecting known as error coins has also been able to participate with some flawed coins going for up to $500.A whole new business has cropped up revolving around the state quarters program with many products like specialty coin holders enjoying immense popularity. Probably the most familiar example of this would be the United State
s map quarter holder. These holders are in the shape of a map of the U.S. and have places in each state for that state’s quarter to proudly reside. They also usually have little state facts printed by them which make for a great learning Read more:Start
State Quarters – The Easiest Way To Start A Coin Collection 2008-04-26 11:21:17 Each of the state quarters is minted with the image of George Washington on the front, or obverse, side of the coin but on the back, or reverse, side is a design based on something noteworthy about that particular state. Once the program is over in 2008 the normal eagle design will once again be on the reverse side of the quarter.What makes this coin series different from all others in the past is that each state gets to select the design for their own state’s quarter with the Governor of each state determining the selection process. While some states appoint design committees other states like Michigan and Vermont have contests that any resident can enter.In Missouri people voted via the Internet for their favorite design with almost 180,000 people voting while other states had the Gove Read more:State
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