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    »Coin Collecting Book Handbook from the Valuable Cosmos«

  • TorontoSEO 12:32 PM on March 10, 2011 Permalink |
    Tags: , , , Coin Collecting Book Handbook from the Valuable Cosmos, , , , Cosmos, , , , , , ,   

    Coin Collecting Book Handbook from the Valuable Cosmos

    The handbook from the universe is one that carries all the necessary information that every coin collector needs, literally speaking.

    The truth is that coin collecting books are “must-haves” for every coin collector because they provide all of the necessary information in that a collector needs to succeed in this type of leisure activity.

    Most of the expert coin collectors advise that every “newbie” in coin collecting should buy a book before he buys a coin. Engaging in this activity is not merely a “finder’s keepers” type of game. The argument of this concept is based on the premise that coin collecting is not an ordinary activity where people can just grab any kind of coin that they see. It is important to know the basics of coin collecting to appropriately categorize the kinds of coins that are fit for compilation.

    Not all coins are worth collecting, and there are coins that some people may not consider worthy are actually rare and valuable. None of these things would be disclosed to a coin collector if not for the information gained from coin collecting books.

    For those who wish to buy books but do not know what to look for, here is a list of the things that needs to be considered when buying:

    1. It must give the historical account of the coins

    When buying coin collecting books, look for those that will give you a historical perspective of the kind of coin that you wish to collect. For instance, if you are going to collect U.S. coins, buy a book that will tell the history of the U.S. coins.

    2. It must give you practical guidelines in “grading” coins

    It is necessary for every coin collector to have a book that provides information about the proper skills needed when “grading” coins. Grading is such an important skill that every coin collector must learn the skill if they wish to continue collecting coins and be successful doing so.

    3. It must give you information about coins in a broad perspective

    Coin collecting books that talk about the different kinds of coins in the world is a “must-have”. These are especially helpful to those who do not have any specific country in mind.

    Books have always been man’s greatest companion as history unfolds. Coin collecting books are worth more than just being the collector’s friend – these books are also considered treasures in their own form.

     

  • »Coin Collecting Auctions Bane or Boon?«

  • TorontoSEO 12:32 PM on September 9, 2008 Permalink |
    Tags: , , Boon, coin auction, Coin auctions, Coin Collecting Auctions Bane or Boon, , , mailing, , , , ,   

    Coin Collecting Auctions Bane or Boon?

    If you are a coin collector who wants to sell or buy coins, one good way to do it is through coin auctions or bidding.

    Coin auctions provide the best ways to obtain coins that have remarkable values. Coin auctions are the primary source of rare coins because most rare coin collectors want to sell their treasures to the highest bidder.

    Unlike the typical way of selling and buying coins, coin auctions entail some rules and regulations for both the bidder and the seller that they must adhere to.

    Basically, there are three types of coin collecting auctions. These are:

    1. Auctions through mail bidding

    In this type of coin auction, the seller will advertise and publish coin auctions through the mail. This is highly beneficial for people who want to participate in the activity but cannot attend the event personally.

    Usually, the seller has a mailing list available and it is used to send catalogs that contain the descriptions and pictures of the item(s) to be sold. At times it may contain the starting bid amount and other pertinent information.

    The seller’s mailing list, the catalogs, or brochures are sent out to the potential bidders. These lists may also be sent to those who have purchased from them in the past.

    2. Phone auctions

    These auctions are conducted by phone. Just like the mail bidding, phone auctions must observe the rules and regulations that are to be followed.

    Once the highest bid is identified, the item goes to the winner. However, there are some instances when people may ask the seller for an approximate selling price but the rules still remain the same, no disclosure of previous bids.

    3. Online coin auctions

    This type of auction is popular because when bidding on a particular coin the bidder is able to see what the coin looks like. Greater interaction between the seller and the buyer may also be achieved as the seller can instantly contact the bidder for important information.

    The only drawback to this kind of coin auction is that through the Internet, others can deceive a coin collector into believing that what they see on the screen is exactly the same item that they are bidding on.

    All of these things can provide you with the best ways of obtaining the best coins available on the market. Just try to stick to your bidding budget.

     

  • »The coin price is right«

  • TorontoSEO 12:57 PM on March 29, 2008 Permalink |
    Tags: , bicentennial coins, , , , , , , , , , The coin price is right, , ,   

    The coin price is right

    There are many resources that can help coin collectors, old or new, in determining the value and worth of the coins they have.

    There are books out, “The Red Book” (A Guide Book of US Coins), “The Blue Book” (A Handbook of US Coins), as well as coin newsletters and catalogues available at any public or private library, coin dealers/shops anywhere in the US. There are also online guides for the prices of US coins available on the web, specifically the NumisMedia site.

    For a synopsis of the price of each coin, the following are the basic values of each cent, penny, or dime in the market.

    The United States wheat-cent, the circulated ones

    The price of these coins made prior to 1958, or those that are dated 1940, are currently being purchased by coin dealers for two cents each, or less. Those made before 1940 command a much higher price – from a few more cents to a few dollars.

    The silver-dollars

    Silver-dollars from the US, especially those made before 1935, have almost an ounce of silver in them. These coins are the favorites of coin collectors and could be sold for more than their actual value in silver if they are undamaged or not worn severely.

    The dollars of Susan B. Anthony

    If by luck you happen to get one of these as a change, the value is more than a dollar and proof Susan B. Anthony dollars command even more. They are not easy to fine as they are not usually being circulated.

    Quarters, dollars and halves – the bicentennial kind

    There were billions of these coins made out, and because there are so many of them, their worth is usually just face value. There are coin dealers however who pay ten percent of the face value as premium for circulated bicentennial coins, and a few dollars more for those that are uncirculated.

    A freak coin

    Believe it or not, there are two-headed coins out there. Basically, these are coins with two different designs on each face. These coins were made in error and mistake was not discoverer until the year 2000. This type of coins is usually called “mules”. In 1999, it was found that a cent with Lincoln’s face on one side and Roosevelt’s dime image on the other existed.

    It you find a coin of this it must be taken to a legitimate coin dealer and assessed to determine if is genuine. If so, this coin could be put up for auction and command a few dollars more.

    It is therefore true that a coin is basically worth more than meets the eye.

     

  • »How to Earn Your Coin Collecting Merit Badge«

  • TorontoSEO 12:56 PM on March 28, 2008 Permalink |
    Tags: , , , , , , Earn, How to Earn Your Coin Collecting Merit Badge, , Merit, , , , ,   

    How to Earn Your Coin Collecting Merit Badge

    There is more to coin collecting than just keeping coins. There is something at stake for those who make an effort to know what they are collecting: the Coin Collector’s Merit Badge.

    A person who wants to acquire a merit badge must prove himself to be someone who knows a lot about coins.

    Here are some of the things that a coin collector must know in order to earn the Merit Badge.

    1. The Grading Scale

    Merit badge aspirers must be very knowledgeable about the different grades of coins. They must master how to assess coins and categorize each coin as:

    • Poor
    • Fair
    • Good
    • Very good
    • Fine
    • Very fine
    • Extremely fine
    • Uncirculated.

    They must also present five examples for each of the categories given above.

    2. Coin Terminologies

    Coin collectors must familiarize themselves to coin terms such as “encapsulated” coins, “proof” coins or legal tender to get the merit badge. They must be able to determine if coins are “buzzed” or “whizzed”.

    They must also show competency in explaining the following:

    • Clad
    • Date set
    • Observe
    • Reading
    • Reverse
    • Type set

    3. Coin Storage

    For a coin collector to achieve a merit badge, it is important that he knows how to take care, store and preserve coins.
    Coin collectors must be able to demonstrate thorough knowledge in coin collecting by showing the councilors different methods of coin storage. It is expected that the advantages and disadvantages of the methods will be provided as well.

    4. Coin Anatomy

    Knowledge of the parts of the coins will give important information. That is why coin collectors who want a merit badge must know where the mint marks are located in various coins and they must also know where to look for the initials of the coin designer.

    5. Miscellaneous things about coins

    The councilors will be very pleased to hear stories about what you have learned about coins. These recollections may come from reading coin journals, attending workshops or seminars, joining a coin collectors’ club, or visiting mint facilities.

    It is also expected that coin collectors know a lot about coins from other countries as well.

    6. Counterfeit coins

    A coin collector must have a perception of whether a coin is authentic or counterfeit.

    Reading coin guides or interviewing personnel from mint facilities will be a help in this situation.

    After knowing these things, you are now equipped with the knowledge needed to be worthy of the coin collectors’ merit badge.

     

  • »Coin Collecting Basics Your Own Coin Collecting Kit«

  • TorontoSEO 12:56 PM on March 17, 2008 Permalink |
    Tags: , , , Coin Collecting Basics Your Own Coin Collecting Kit, , , Gel, , , , , ,   

    Coin Collecting Basics Your Own Coin Collecting Kit

    Coin collecting is not as simple as keeping coins: it may be observed from numismatists or even coin enthusiasts that it is a systematic and somewhat complicated hobby. Certain tools must be employed to ensure both fun, discipline and to some extent, good profit.

    Here are some of the essential things that must be included in the coin collecting kit.

    1. Coin Guides

    Coin guides should be used, not just by beginners, but by professional coin collectors as well.

    Coin guides give tips on how to start, as well as special instructions on how to proceed with the hobby of coin collecting.

    They also provide information on coins, since different coins have different ways of grading, pricing, etc.

    It is recommended you read guides before doing starting the hobby to avoid making wrong decisions caused by lack of information.

    2. Coin Inventory Record

    All items in your collection must be accounted for properly. Information like year, face value, grade, cost, trend, and remarks must always be available for reference.

    Inventory Records also help in organizing coin collections. It eliminates the redundancy of coins in the collection by showing the collectors at a glance the items in his collection.

    Coin collectors do have options in the method to be used in recording coin information. They may choose the traditional paper-and-pen method, or may use coin collecting software.

    3. Coin Containers

    To avoid damaging the coins, it is recommended to invest in holders and containers that will give adequate protection.

    Just remember that coins react to certain chemicals such as sulfur present in paper and PVC from plastic it is not advisable to use such materials for long-term storage.

    4. Silica Gel

    The use of silica gel packets is important to maintain the moderate temperature, low humidity atmosphere conducive to coin preservation.

    5. Magnifying Glass

    Magnifying glasses are a great help when it comes to coin grading. Most numismatists recommend using a 7x magnification, but generally, magnification between 4x to10x will do the job.

    The magnifying glass is a great aid in examining the quality and authenticity of the coins. Details like hairlines or scratches, which are not visible to the naked eye, are “big deals” when it comes to coin collecting as they affect the value of coins.

    6. Lamp

    A light source must be placed half a meter away from the workspace. Recommended light for this purpose may be a halogen lamp, or simply a 75-watt incandescent lamp.

    7. Handling equipment

    Finger marks reduce the grade of the coins. That is why serious collectors invest in surgical gloves and velvet pads to use when handling coins.

    Now our basic coin collecting kit is complete. Enjoy!

     

  • »All About Coin Collecting Grade Coins with Ease«

  • TorontoSEO 12:56 PM on March 17, 2008 Permalink |
    Tags: All About Coin Collecting Grade Coins with Ease, , , , , , Mint State coins, , , ,   

    All About Coin Collecting Grade Coins with Ease

    Coin collection is not just about having as many coins as possible. More important than the number of coins is the quality of those coins. This quality is measured by the coins’ grade and the grade is measured using a scale from zero to seventy (seventy being the highest point grade). Doctor William Shelby introduced this point scale in his work “Penny Whimsy”.

    Here are the classifications of coins according to grade.

    1. “Mint State” Coins

    This is equivalent to a value of 60 to 70 in the Shelby’s grade scale. This means that the coin has no blemishes whatsoever. Most of the coins in this category are uncirculated, shiny, new coins, with absolutely no signs of wear.

    2. “Almost Uncirculated” Coins

    The “Almost Uncirculated” coins have a point grade of 50, 55, or 58.

    It is very important to note that in these coins, coin collectors must know the locations of the high points in a particular coin. By checking the difference of the light reflected in the high points to the other parts of the coin, an “Almost Uncirculated” coin is separated from the Mint State coins.

    3. “Fine Coins”

    These can further be classified as” Extremely Fine” (40, 45), “Very Fine” (20, 25, 30, and 35) or “Fine” (12) depending on the sharpness of the remaining details on the coins. The coins are observed to have wear but the designs are still intact.

    For “Extremely Fine” coins, the mint luster is still present.

    “Very Fine” coins can be compared to coins which have been used for 1-3 years. Minor features of the coins are already gone.

    4. “Good Coins”

    These coins can be specifically defined as “Very Good” (12), “Good” and “Almost Good” coins.

    The coins in this category are worn out. Only weak designs can be observed since the details of the coins in the high points are nearly smooth.

    Full rims must be observed for the “Very Good” coins category.

    In the case of “Good” coins, the mint mark and the date must be visible.

    On the other hand, “Almost Good” coins are the most worn of coins in this category.

    5. “Fair Coins”

    The coins are “worn out”, but can still be distinguished as belonging to one of the types of coins – as long as one can identify a coin, it is a “Fair C”.

    6. “Basal Coin”

    These metals that can be determined to be coins – but the kind of coin are undeterminable.

    With the classifications described, it will be very easy to grade coins. Just remember that knowledge of the coins’ grades gives coin collectors advantages!

     

  • »Starting a Coin Collection for Kids«

  • TorontoSEO 12:56 PM on March 16, 2008 Permalink |
    Tags: , , , , , , , , , , Starting a Coin Collection for Kids, , ,   

    Starting a Coin Collection for Kids

    The best time to mould a child (kid) is when he/she is still young. By getting the curious minds involved in something educational, there is a very good chance that they will become responsible adults.

    Some parents can start by teaching how to cook or baking at a young age. If the child enjoys and does well with it, then perhaps in the future, this person could become a chef. Giving a child a hobby can also teach that child how to stay focused or to pay particular attention to a certain subject. A good example of this is starting a coin collection.

    For most adults coins are just petty cash. They are used to buy a newspaper or used to pay for a ride on the subway etc. For children, coins are more than that. Some children save the coins placed in their piggy bank to make a special purchase or save them to use for their college tuition.

    To start a coin collection the parent and child can start by opening the piggy bank and examining the coins together. Coins were manufactured during different years and each has its own history. By explaining the significance of each, the child’s interest will grow and this in turn will encourage growth of the coin collection.

    Both the parent and child could get lucky if they should find that a coin has missing letters or numbers or a misprint is seen on the coin. Since such things don’t happen often, the value of the coin is much higher than the original face value.

    Coins can that are to be part of a collection should be kept inside a small box separated from the coins used for savings. When this collection has grown larger, then it is time to buy a plastic folder in which to store the coins. There are two kinds or folders currently on the market: the first can hold the coins individually and the other is a sheet which can hold a number of coins per page.

    By using folders the child and take the collection to school for “show and tell” and would improve the child’s self-confidence in achieving something on his own – without the help of the parents.

    Coins can teach the child about saving for a special purchase or project and encourage the child to work hard to achieve that goal without always asking for money from mom or dad.

    Coin collecting started in the early years will pay off later in life by teaching responsibility.

     

  • »Starting a Coin Collection«

  • TorontoSEO 12:56 PM on March 15, 2008 Permalink |
    Tags: , , , , , , , , , , silver coins, Starting a Coin Collection, , ,   

    Starting a Coin Collection

    It is never too early or too late to have a hobby. Some people are hobbyists for fun while others see a bigger picture; and that is to make money. Some objects that may seem inexpensive now may become valuable or priceless later.

    A few good examples are baseball cards, toys and stamps. Many people have made a fortune by collecting and selling on auction sites like EBay. Another collection that can become profitable is coin collecting.

    Getting started is as easy as deciding what kind of collection you want. Coins are made every year and some are introduced years later so focusing on a particular time period and location is important.

    Conducting research using reference books or the web can aid in coin collecting. You can learn almost anything about the coins to be collected and will help the collector discover those who want to sell coins.

    Another good source of information is subscribing to a coin publication such as Coin World or Coinage Magazine. The local coin shop can also expand the search for those antique coins outside the collector’s city or state.

    Being a member of a coin club can build the collector’s network. Some members may want to part with a particular coin in exchange for another, etc.

    Coins that are no longer used generally have more value than those that are still active, because coins in the past were made of 100% silver or gold. Since the demand for silver coins increased and they were difficult to produce they are now made of 40% and 60% copper.

    After completing the collection, the coins should be stored in a nice folder or album. This will keep them clean and easy for the individual to carry around and display.

    Coins can be cleaned by soaking them in any of the following liquids: vinegar, rubbing alcohol, lemon juice or ammonia which will remove any dirt or encrustation that’s on the coin when it was acquired. Afterwards, they should be air-dried or patted dry with a soft cloth. Rubbing or polishing the coins is not advisable since it scratches and will decrease the market value of the coin.

    Coin collecting can be a lot of fun. By deciding on a specific period to begin with then searching for it, the collector will have something valuable as an investment.

     

  • »Keeping Coins Clean Using a Folder«

  • TorontoSEO 12:56 PM on March 14, 2008 Permalink |
    Tags: , , , , , , Folder, Keeping Coins Clean Using a Folder, , , , ,   

    Keeping Coins Clean Using a Folder

    The price of an antique item goes up if it is kept in good condition. By having it stored in a safe place, one can be sure that it will not be damaged by the elements or by negligence that will reduce its value in the market.

    Coins are easy to take care off. For those who have been doing this for years, such collections are usually framed or under glass and are often seen in places such as a large museum. But to individuals who are just starting out, putting it in an old shoe box or jar will do.

    Later, when the collection is larger, it is time to invest in a coin folder that would better protect and hold the coins. These folders can be bought in different sizes depending on the type of coins the individual is collecting. The coins can be stored in individual plastic pockets or in sheets that make up the album. They are available at the local coin store or can be ordered from the web. The advantage of using these is that they are handy to carry around make it easy for the person to show. These can be brought to exhibits and other venues where the coins can be traded, sold or exchanged with coins that other people may have.

    Keeping the coins in mint condition does not only mean storing them in a folder. Whenever the person adds a new coin to the collection, it is ideal to first have it cleaned before putting it in with the others.

    This can be done by taking it to a coin shop and paying for the services, or if you prefer to do it yourself, is by soaking it in a liquid such as vinegar, rubbing alcohol, lemon juice or ammonia which is sure to remove any dirt or encrustation that are present when it was acquired.
    They should then be air-dried or patted dry with a soft cloth. It is not a good idea to rub or polish the coins since scratches can occur that may decrease its value in the market.

    Serious coin collectors value the importance of storing these valuables in a safe and secure area. By investing in a coin folder, the person can be sure that the value of the coins will go up either when the demand calls for it or when there is a need to part with them.

     

  • »Is it Safe to Sell Coins to a Dealer«

  • TorontoSEO 12:55 PM on March 12, 2008 Permalink |
    Tags: , coin dealer, , , , , Is it Safe to Sell Coins to a Dealer, numismatist, , , , , ,   

    Is it Safe to Sell Coins to a Dealer

    Coin collecting can be a lot of fun. This hobby which dates back to 2500 BC is much larger now since people are now able to collect currencies from other countries.

    If a person decides to dispose of some of the coins in the collection, it is necessary to know its value by looking at a coin catalog or price guide. There are many ways to do this and one is looking for a coin dealer to do business with.

    There are a lot of coin dealers around. Some can be found by asking the local coin club or a numismatist who can give a good referral while others can be found at an auction or in a coin exhibit. These people frequent such events looking for a good buy to add to an existing collection. A lot of these individuals can also be found on the web.

    To be sure that the person is getting a good price from a coin dealer, it is an excellent idea to visit more than one place to find out who is willing to buy it at the highest price. If the person feels that the price is too low, then perhaps it is better to wait until another time since the value of coins depends on scarcity, condition and demand.

    Some people think that doing business with a coin dealer isn’t a good idea since this person will offer to buy the coins at a lower price. This notion however is wrong since there are ways to ensure that this person will be honest.

    To avoid by being conned by someone who claims to be a dealer, it is necessary to determine that this person is a member of the Professional Numismatist’s Guild. This organization is composed of the world’s renowned collectors of antique coins and paper money. Since there are strict rules that members abide by, one can be sure that the transaction is safe.

    Coin dealers are not just there to buy something, these people may also offer for sale a coin that is valuable to the other person. By getting to know the dealer, an agreement can be reached that will benefit both parties, which does not always end mean buying, but also trading or bartering.

    Everyone has the potential of making money even if this starts out with only a few coins. By knowing where to find these rare collectibles and doing business with a reputable dealer, one can be sure of making a profit – if not a small fortune.

     
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