Archive for the ‘Articles’ Category
Antique Coins Collecting for Fun & Profit
You only have to look at how busy the coins section is on Ebay to know that coin collecting is an incredibly popular activity. It’s one of the most popular hobbies around and one of the most profitable too.
Finding coins to collect is easy but finding ones that are actually valuable to collect is the challenge faced by most collectors. As a rule of thumb, the older the coins is the more collectible it becomes as often they are more rare than more modern coins.
The best place to find Antique coins include auction houses, coin shows, coin fairs and malls. But if you are more serious you should visit historical sites where antique coins are more likely to be found. You should bear in mind that the value of Antique coins depends on where it from as well as the age and historical background of its origin. Therefore buying at the historical location gives you a very good advantage over other collectors.
There are a few other pointers you might want to consider when buying an antique coin.
Firstly make sure the coin you wish to purchase is original. This goes without saying but there are many replicas and even counterfeit coins flooding the market, so close inspection to validate their authenticity is a must.
When you start off your coin collecting hobby, start slowly if you are on a low budget. Then as your portfolio of coins increases in value you could re-sell some of it at a profit and buy more valuable ones. If you find a coin that you think is a valuable addition to your collection make sure that you find an appraiser that can determine the value so that you do not get ripped off. So don’t try to value it yourself unless you are quite experienced, and seek the help of professionals when the circumstances dictate like when the coin is quite expensive.
You need to specialize when you start collecting Antique coins so choose one particular era or country to focus on. This will make it easier for you to become an expert. You must also take good care of the coins to ensure you preserve their appearance and thus their value. And be careful not to clean Antique coins to excess otherwise you might actually depreciate their value.
Coin collecting can really be a source of great fun and taking it up as a hobby is probably one of the best decision you can make. As long as you remain patient it will be a long term hobby bringing you plenty of satisfaction for years to come as well as a very profitable investment.
James Ross is the web master of Collectible-coins.info a website totally dedicated to coins collecting. For more articles and information please find out more at http://collectible-coins.info.
You only have to look at how busy the coins section is on Ebay to know that coin collecting is an incredibly popular activity. It’s one of the most popular hobbies around and one of the most profitable too.
Finding coins to collect is easy but finding ones that are actually valuable to collect is the challenge faced by most collectors. As a rule of thumb, the older the coins is the more collectible it becomes as often they are more rare than more modern coins.
The best place to find Antique coins include auction houses, coin shows, coin fairs and malls. But if you are more serious you should visit historical sites where antique coins are more likely to be found. You should bear in mind that the value of Antique coins depends on where it from as well as the age and historical background of its origin. Therefore buying at the historical location gives you a very good advantage over other collectors.
There are a few other pointers you might want to consider when buying an antique coin.
Firstly make sure the coin you wish to purchase is original. This goes without saying but there are many replicas and even counterfeit coins flooding the market, so close inspection to validate their authenticity is a must.
When you start off your coin collecting hobby, start slowly if you are on a low budget. Then as your portfolio of coins increases in value you could re-sell some of it at a profit and buy more valuable ones. If you find a coin that you think is a valuable addition to your collection make sure that you find an appraiser that can determine the value so that you do not get ripped off. So don’t try to value it yourself unless you are quite experienced, and seek the help of professionals when the circumstances dictate like when the coin is quite expensive.
You need to specialize when you start collecting Antique coins so choose one particular era or country to focus on. This will make it easier for you to become an expert. You must also take good care of the coins to ensure you preserve their appearance and thus their value. And be careful not to clean Antique coins to excess otherwise you might actually depreciate their value.
Coin collecting can really be a source of great fun and taking it up as a hobby is probably one of the best decision you can make. As long as you remain patient it will be a long term hobby bringing you plenty of satisfaction for years to come as well as a very profitable investment.
James Ross is the web master of Collectible-coins.info a website totally dedicated to coins collecting. For more articles and information please find out more at http://collectible-coins.info.
Ancient Coins: How to Start a Collection?
Introduction
This is a very interesting and unfortunately, a very difficult question to answer.
Unlike other numismatic areas, ancient numismatics has a diverse range of coins from a diverse range of cultures spanning over a thousand years.
This figure is unfathomable when you compare it to a “modern” collecting interest such as Australian pre-decimal coins which only span a little over fifty years.
This article is not intended to provide a comprehensive answer to the question posed, but outline a quick sketch of the options available to you as well as their respective advantages and disadvantages.
Initial Questions
One of the first things you must ask yourself before making any purchases, is what area of ancient coins interests you? As a new collector, you are prone to giving into temptation and purchasing every “pretty” coin that passes your way. This is a quick way to run out of much-needed funds and only leads to regret later on down the track.
Regarding ancient numismatics, the first question I would recommend asking yourself is what empire you’d like to collect from. There are several advantages and disadvantages of each but it all depends on your individual taste. I will run through these advantages and adisadvantages individually.
Roman Empire
i) Advantages
There are many advantages in collecting Roman coins. First of all they are cheaper. Don’t misinterpret this statement though, there are many Roman coins that will be out of your price range, but as a general assumption this holds true. Compared to Greek coins, uncleaned Roman coins are always cheaper, third to 5th century coins are always cheaper than the “typical” greek coin, and even silver roman coins are cheaper than greek silver coins.
Also, Roman coins are easier to attribute and to follow generally. Roman Imperial coins have the emperor on the obverse 99% of the time and thus you almost always know at which part of the Roman Empire you are, chronologically-speaking. Also, later roman coins were minted during a period where there was an elaborate mint-mark system. This means that not only can you attribute the coin much easier, you can even attribute it right down to the mint itself (and even further!!!)
Another advantage is that Roman coins are generally found in higher grades than Greek coins. A quick search on your favourite coin sites, or even indeed eBay will readily confirm this.
Another advatange, though this is a moot point, is that it is easier to determine whether a Roman coin is authentic or not. This is because generally-speaking, Roman coins feature a known and familiar styles, thus easily identifiable to the collector. Regarding later issues, the design becomes so simplistic that any deviations from the original style are pretty evident to the average collector.
ii) Disadvantages
Compared to Greek coins, Roman coins are not as diverse in styles and types. Also, arguably speaking, Greek coins on average exhibit greater artistic style. Certainly the classical period features coins that near perfection.
Another disadvantage is that many emperors are simply beyond the collectors reach, if not for their incredible expense, then for their immense rarity. For some emperors/empresses, a collector may have to wait years before one becomes available.
Greek Empire
i) Advantages
An immediate advantage to the collector is that he/she has much scope for collecting as there is a more diverse range of coin types availalble.
Also Greek coins come in the most fascinating variety of shapes and forms. A collector on a tight budge may survive by purchasing common coins such as obols fromcommon areas and/or mints. However, unlike with Roman coins, that does not mean that the collector will never come accross coins with exquisite designs. In fact, most greek coins contain amazing depictions of mythological scenes and/or gods, goddessess, kings and queens. This is quite different from the standard Emperor Obverse and standard (for common coins anyway) reverses for the coins of the Roman Empire.
ii) Disadvantages
The extraordinary range of coin types availabe makes it extremely difficult for the collector to frame his collection.
Also, Greek coins tend to get expensive quite quickly. If you are collecting bronze coins, you will delight in the sheer number of coins available to you for only a few dollars. However, if you progress to silver coins, you will quickly find that some coins will never be in your price range.
Byzantine Empire
i) Advantages
Like Roman Coins, Byzantine coins are cheaper than greek coins. In particular, Byzantine cup coins in VF condition can be foundeBay for as little as $US 2.00 each. Gold and silver coins are also generally cheaper than the average Roman Solidus or Aureus.
ii) Disadvantages
To the untrained eye, Byzantine coins of the same type are virtually indistinguishable from one another. This makes attribution an extremely difficult process.
Also, the style is cruder, and do not match the celatorship found in the Greek and Roman Empires.
Uncleaned Coins
i) Advantages
The main advantage is that at face value, they are cheaper. This should not be the main consideration of the collector, unless he/she is working with an extremely limited budget, because it is an often misleading point. The statement does not take into accound the opportunity cost of cleaning coins. Cleaning coins takes time and patience and in those many hours, the collector may have instead chosen to work a few extra hours to increase his/her wages. However, there are collectors who manage to efficiently refine their cleaning techniques and thus decrease this opportunity cost.
Another advantage though, is that by cleaning and attributing the coins, the collector finds that he/she is able to learn a great deal about ancient numismatics and history in and fun and enoyable way.
A fundamental advantage to collecting uncleaned coins however, is that there is a chance that the collector may stumble across rare and even unique types. It is not uncommon for a collector to find an unpublished coin type in a large uncleaned lot.
ii) Disadvantages
Contrary to any claims by dealers, uncleaned coins are “cherry-picked” 100% of the time. The coins have passed through several hands usually, before they land in the collector’s.
Also, larger uncleaned coins are almost never in great condition.
Well, that’s it, hopefully this article helps you get on your way and forming your collection.
Greek & Roman Antiquities: http://www.greekandromancoins.com
Introduction
This is a very interesting and unfortunately, a very difficult question to answer.
Unlike other numismatic areas, ancient numismatics has a diverse range of coins from a diverse range of cultures spanning over a thousand years.
This figure is unfathomable when you compare it to a “modern” collecting interest such as Australian pre-decimal coins which only span a little over fifty years.
This article is not intended to provide a comprehensive answer to the question posed, but outline a quick sketch of the options available to you as well as their respective advantages and disadvantages.
Initial Questions
One of the first things you must ask yourself before making any purchases, is what area of ancient coins interests you? As a new collector, you are prone to giving into temptation and purchasing every “pretty” coin that passes your way. This is a quick way to run out of much-needed funds and only leads to regret later on down the track.
Regarding ancient numismatics, the first question I would recommend asking yourself is what empire you’d like to collect from. There are several advantages and disadvantages of each but it all depends on your individual taste. I will run through these advantages and adisadvantages individually.
Roman Empire
i) Advantages
There are many advantages in collecting Roman coins. First of all they are cheaper. Don’t misinterpret this statement though, there are many Roman coins that will be out of your price range, but as a general assumption this holds true. Compared to Greek coins, uncleaned Roman coins are always cheaper, third to 5th century coins are always cheaper than the “typical” greek coin, and even silver roman coins are cheaper than greek silver coins.
Also, Roman coins are easier to attribute and to follow generally. Roman Imperial coins have the emperor on the obverse 99% of the time and thus you almost always know at which part of the Roman Empire you are, chronologically-speaking. Also, later roman coins were minted during a period where there was an elaborate mint-mark system. This means that not only can you attribute the coin much easier, you can even attribute it right down to the mint itself (and even further!!!)
Another advantage is that Roman coins are generally found in higher grades than Greek coins. A quick search on your favourite coin sites, or even indeed eBay will readily confirm this.
Another advatange, though this is a moot point, is that it is easier to determine whether a Roman coin is authentic or not. This is because generally-speaking, Roman coins feature a known and familiar styles, thus easily identifiable to the collector. Regarding later issues, the design becomes so simplistic that any deviations from the original style are pretty evident to the average collector.
ii) Disadvantages
Compared to Greek coins, Roman coins are not as diverse in styles and types. Also, arguably speaking, Greek coins on average exhibit greater artistic style. Certainly the classical period features coins that near perfection.
Another disadvantage is that many emperors are simply beyond the collectors reach, if not for their incredible expense, then for their immense rarity. For some emperors/empresses, a collector may have to wait years before one becomes available.
Greek Empire
i) Advantages
An immediate advantage to the collector is that he/she has much scope for collecting as there is a more diverse range of coin types availalble.
Also Greek coins come in the most fascinating variety of shapes and forms. A collector on a tight budge may survive by purchasing common coins such as obols fromcommon areas and/or mints. However, unlike with Roman coins, that does not mean that the collector will never come accross coins with exquisite designs. In fact, most greek coins contain amazing depictions of mythological scenes and/or gods, goddessess, kings and queens. This is quite different from the standard Emperor Obverse and standard (for common coins anyway) reverses for the coins of the Roman Empire.
ii) Disadvantages
The extraordinary range of coin types availabe makes it extremely difficult for the collector to frame his collection.
Also, Greek coins tend to get expensive quite quickly. If you are collecting bronze coins, you will delight in the sheer number of coins available to you for only a few dollars. However, if you progress to silver coins, you will quickly find that some coins will never be in your price range.
Byzantine Empire
i) Advantages
Like Roman Coins, Byzantine coins are cheaper than greek coins. In particular, Byzantine cup coins in VF condition can be foundeBay for as little as $US 2.00 each. Gold and silver coins are also generally cheaper than the average Roman Solidus or Aureus.
ii) Disadvantages
To the untrained eye, Byzantine coins of the same type are virtually indistinguishable from one another. This makes attribution an extremely difficult process.
Also, the style is cruder, and do not match the celatorship found in the Greek and Roman Empires.
Uncleaned Coins
i) Advantages
The main advantage is that at face value, they are cheaper. This should not be the main consideration of the collector, unless he/she is working with an extremely limited budget, because it is an often misleading point. The statement does not take into accound the opportunity cost of cleaning coins. Cleaning coins takes time and patience and in those many hours, the collector may have instead chosen to work a few extra hours to increase his/her wages. However, there are collectors who manage to efficiently refine their cleaning techniques and thus decrease this opportunity cost.
Another advantage though, is that by cleaning and attributing the coins, the collector finds that he/she is able to learn a great deal about ancient numismatics and history in and fun and enoyable way.
A fundamental advantage to collecting uncleaned coins however, is that there is a chance that the collector may stumble across rare and even unique types. It is not uncommon for a collector to find an unpublished coin type in a large uncleaned lot.
ii) Disadvantages
Contrary to any claims by dealers, uncleaned coins are “cherry-picked” 100% of the time. The coins have passed through several hands usually, before they land in the collector’s.
Also, larger uncleaned coins are almost never in great condition.
Well, that’s it, hopefully this article helps you get on your way and forming your collection.
Greek & Roman Antiquities: http://www.greekandromancoins.com
How to Invest in Coins and Precious Metals
With the numerous investment opportunities available in the
world today, some of the most basic investments are often
overlooked. Take for example the often-ignored art of investing
in collectable metals such as rare coins, silver bars, and other
precious metals. Literally practiced for centuries around the
world, many investors are now beginning to see the advantages of
investing their money in physical objects to complement the
investments that they might make in the stock market or other
investment fronts.
If you’ve ever considered investing in coins and precious metals
or if you’d just like to learn more about this alternative to
stock investment, then the information below should get you well
on your way to making your first coin and precious metal
investments.
Why Invest in Coins?
Coins are one of the oldest forms of currency, and some of the
most lasting reminders of eras gone by. Some coins from ancient
days are made of gold, silver, copper, or even clay, and can be
easily identified by the pictures used by those who minted the
coin as to when and where the coin was made.
Putting money into collectable coins can be a practical way to
invest, since many of the coins that serious collectors purchase
are quite rare and often are made of high-value materials which
only increase their value. As no additional coins from the era
of those you purchase are being minted and they become
increasingly harder to find as years go by, the value of many
coins continues to rise among private collectors. Complete sets
of coins tend to bring more as a group than the individual coins
that the set is made of, though some coins of exceptional rarity
may surpass even that price.
The Practical Approach to Metal Investment
In addition to coins, many investors prefer to purchase precious
metals such as gold or silver to add some security to their
investment plan. Even when stocks and bonds fall in value, there
will always be a market for certain metals… especially those
that can be used in jewelry and have been used as a basis for
various economies.
Of course, just because something has value doesn’t mean that
you should use all of your investment money to buy it. When
buying precious metals, you should always temper your investment
with other forms of investment. This helps to protect you
against theft, since there are no easily traceable methods of
finding stolen gold or silver bars and coins.
One of the better ways to supplement these purchases is by
investing in the index market, especially in the precious metals
that are represented there. That way you can keep track of the
value of the metals that you physically own, and reap an
additional benefit from owning shares of the metal index as
well.
Using Coins and Metals to Supplement Investments
Coins and precious metals can be used as a wonderful supplement
to traditional investments, giving you something physical that
can be relied upon in addition to the stocks and bonds that you
might own. You might choose to invest in indexes as suggested
above, or you might choose to use index investment as only a
portion of a well-diversified investment portfolio.
Regardless of which you choose, dividing your money and applying
some of it toward physical investments such as coins and metals
can help to protect your investment money from losses while
reaping you the greatest benefit.
You may freely reprint this article provided the following
author’s biography (including the live URL link) remains intact:
With the numerous investment opportunities available in the
world today, some of the most basic investments are often
overlooked. Take for example the often-ignored art of investing
in collectable metals such as rare coins, silver bars, and other
precious metals. Literally practiced for centuries around the
world, many investors are now beginning to see the advantages of
investing their money in physical objects to complement the
investments that they might make in the stock market or other
investment fronts.
If you’ve ever considered investing in coins and precious metals
or if you’d just like to learn more about this alternative to
stock investment, then the information below should get you well
on your way to making your first coin and precious metal
investments.
Why Invest in Coins?
Coins are one of the oldest forms of currency, and some of the
most lasting reminders of eras gone by. Some coins from ancient
days are made of gold, silver, copper, or even clay, and can be
easily identified by the pictures used by those who minted the
coin as to when and where the coin was made.
Putting money into collectable coins can be a practical way to
invest, since many of the coins that serious collectors purchase
are quite rare and often are made of high-value materials which
only increase their value. As no additional coins from the era
of those you purchase are being minted and they become
increasingly harder to find as years go by, the value of many
coins continues to rise among private collectors. Complete sets
of coins tend to bring more as a group than the individual coins
that the set is made of, though some coins of exceptional rarity
may surpass even that price.
The Practical Approach to Metal Investment
In addition to coins, many investors prefer to purchase precious
metals such as gold or silver to add some security to their
investment plan. Even when stocks and bonds fall in value, there
will always be a market for certain metals… especially those
that can be used in jewelry and have been used as a basis for
various economies.
Of course, just because something has value doesn’t mean that
you should use all of your investment money to buy it. When
buying precious metals, you should always temper your investment
with other forms of investment. This helps to protect you
against theft, since there are no easily traceable methods of
finding stolen gold or silver bars and coins.
One of the better ways to supplement these purchases is by
investing in the index market, especially in the precious metals
that are represented there. That way you can keep track of the
value of the metals that you physically own, and reap an
additional benefit from owning shares of the metal index as
well.
Using Coins and Metals to Supplement Investments
Coins and precious metals can be used as a wonderful supplement
to traditional investments, giving you something physical that
can be relied upon in addition to the stocks and bonds that you
might own. You might choose to invest in indexes as suggested
above, or you might choose to use index investment as only a
portion of a well-diversified investment portfolio.
Regardless of which you choose, dividing your money and applying
some of it toward physical investments such as coins and metals
can help to protect your investment money from losses while
reaping you the greatest benefit.
You may freely reprint this article provided the following
author’s biography (including the live URL link) remains intact:
New U.S. Mint Coins a Golden Opportunity
In April, the U.S. Mint revealed plans to strike in early 2006 new .9999 bullion coins to go after the growing world market for .9999 fine (24-karat) gold coins. Studies show that pure gold coins claim 60% of the world’s gold bullion coin market, which is some $2.4 billion annually. The Royal Canadian Mint’s Maple Leafs hold the number one spot for pure gold coins. However, problems with Maple Leafs have surfaced.
If the Mint avoids the problems that have developed with Gold Maple Leafs, it has a golden opportunity to grab an even bigger share of the gold bullion coin market. The U.S. Mint’s American Gold Eagles are the best selling 22-karat gold coins in the world.
Despite being the world’s best-selling 24-karat gold coins, 1-oz Maple Leafs’ design and packaging leave them susceptible to damage. As a result, Gold Maple Leafs have fallen in disfavor among U.S. gold bullion coin investors. Indications are that gold bullion coin investors worldwide have the same frustrations with 1-oz Gold Maple Leafs.
It is nearly impossible to remove, inspect, and put 1-oz Gold Maple Leafs back in their tubes without scratching them, no matter how carefully done. Gold Maple Leafs have smooth, clear fields around Queen Elizabeth’s likeness and sharp milled edges. As the coins are put back in their tubes, the edges scratch the fields–and sometimes the Queen’s raised image.
And, Heaven forbid that a 1-oz Gold Maple Leaf is dropped on a floor or even a hard tabletop. But, most of the damage is done when investors handle the coins. If Gold Maple Leafs are handled roughly, as investors are used to handling Krugerrands and Gold Eagles, Gold Maple Leafs are easily damaged. Consequently, many badly damaged Gold Maple Leafs have come back into the secondary market.
Until a few years ago, Gold Eagles and Maple Leafs sold at the same markups over spot. But, as Maple Leafs, which investors have bought since 1979, started coming into the secondary market, problems surfaced. Now, to keep investors in the U.S. market buying Maple Leafs, the Royal Canadian Mint has to offer new (current year) Gold Maple Leafs at a half-a-percent below Gold Eagle prices.
Damaged 1-oz Gold Maple Leafs are such a problem that one important secondary market maker stopped dealing in the coins for a while. The head trader said he did not have time to discuss with buyers and sellers the conditions of the coins. Further, he said his staff did not have time to inspect each coin and classify it as to the amount of damage. It is commonplace for sellers to say the coins are in “perfect condition.” Yet when Gold Maple Leafs arrive, they often are badly scratched or rim nicked.
Another major bullion dealer (perhaps the nation’s largest) currently buys back “perfect” Gold Maple leafs from established dealers at a little over spot, which means investors receive less than spot if their dealers unload to this firm. For scratched or damaged coins, this firm pays less than spot, which enables the firm to send the coins to a refinery at a profit if the firm has no buyers for Gold Maple Leafs.
The secondary dealer returned to trading Gold Maple Leafs but buys all them only at prices that enable him to profitably melt the coins if they are really beat up. As noted, because of the problem with secondary market Gold Maple Leafs, the Royal Canadian Mint has to price Gold Maple Leafs below Gold Eagles to entice investors to take Gold Maple Leafs in the U.S. market.
Luckily–the free market being what it is–there are dealers who will take the time to evaluate Gold Maple Leafs and pay more for the ones in better condition. Still, the spread (the difference between what an investor can buy and sell for at any moment) on “perfect” Gold Maple Leafs is about $4 wider than on Gold Eagles. However, the U.S. Mint’s new 24-karat gold coins need not be problem coins.
For example, the 1-oz Austrian Philharmonics and The Perth Mint’s 1-oz coins are .9999 fine. Yet, these coins are not easily damaged during normal handling because of their designs and/or their packaging.
Philharmonics come ten to a tube and can be taken out and put back in their tubes without scratching. The Perth Mint coins come individually encapsulated in hard plastic capsules. As long as Perth Mint coins remain in their capsules, they maintain their perfect conditions.
Hopefully, the U.S. Mint knows of the problems with Gold Maple Leafs and will design its new .9999 fine coins and their packaging so that the coins are not easily scratched or damaged. If the Mint opts to go with packaging its new coins in tubes, as it does Gold Eagles and as Philharmonics are packaged, then the Mint needs to avoid milled edges.
Although Gold Eagles have milled edges, old U.S. gold coins ($20 Libs and St. Gaudens) were minted with lettering on the edges. So, lettering is not new to the U.S. Mint. With lettering, the edges can be smooth, making the coins less likely to scratch other coins in handling. Philharmonics, which are not prone to damage, have lettering on their edges.
[Over the centuries, mints learned to design gold coins to guard against “shaving,” a process by which a small amount of metal is “shaved” from the edges. Milled edges that have been shaved are clearly detectible. Light lettering on the edges solves the problem as well. If no lettering can be seen on coins that are known to have been minted with lettering, then the coins have been shaved and no longer have their original gold content.]
As do Maple Leafs, Perth Mint .9999 fine gold coins have milled edges and carry a likeness of Queen Elizabeth II on the obverse (front). However, to protect its coins from damage, The Perth Mint encapsulates them in plastic capsules. When Perth Mint bullion coins are removed from their capsules and put in tubes, the coins are susceptible to scratching as are Maple Leafs.
In going after a piece of the $2.4 billion .9999 fine gold bullion coin market, the Mint needs to consider the mindset of bullion coin investors. Bullion coin investors seek alternatives to paper money; they are not coin collectors. Bullion coin investors prefer coins packaged so that they can be easily stored and secured.
This means the Mint should package the coins twenty to a tube, which has become–primarily because of Gold Eagles–the preferred method. Five tubes conveniently total one hundred coins. Further, the tubes should be made of the same durable plastic from which Gold Eagle tubes are made. Hard plastic tubes, such as those used for Philharmonics, can and do break when dropped. Gold Eagle tubes, on the other hand, are virtually indestructible.
For protection against “shaving,” the Mint should design its new coins with lettered edges. Lettered edges would make the coins much less susceptible to scratching.
The Mint is going after the bullion coin market, and bullion investors like to feel and heft their coins. Packaging the coins in tubes enables investors to more easily inspect their coins. Collectors, on the other hand, want their coins in as pristine condition as possible. Although capsules are excellent for protecting collector coins, coins individually packaged in capsules require more space for storage. The other aspect that the Mint has to consider is the coin’s theme.
The Mint should make the theme something uniquely American, as it did with its American Eagles coins. For the Gold Eagles, the Mint chose a slimmed-down rendition of Augustus Saint-Gaudens’ famed Standing Liberty, which he created in 1907 to grace a new Double Eagle ($20 gold coin). Nearly one hundred years later, the Saint Gaudens, which the coin is now called, is viewed as the most beautiful coin produced by the U.S. Mint.
For its Silver Eagles, the Mint chose A. A. Weinman’s Walking Liberty design, which was used on half-dollars 1916-1947. Walking Liberty halves are among the most popular silver coins ever turned out by the U.S. Mint. Judging by the success of the Silver Eagles program (more than 128 million sold since their inception), putting the Walking Liberty on Silver Eagles was the right move.
Some may argue that the Standing Liberty and the Walking Liberty designs are being used in the American Eagles program, and, therefore, the Mint should go onto another design. However, the Standing Liberty and the Walking Liberty are immediately identified as American by the world’s bullion coin buyers. Besides, is not Miss Liberty as much our nation’s icon as is the eagle?
If the U.S. Mint avoids the problems that have surfaced with Gold Maple Leafs and offers gold bullion coin investors a strong alternative, then it has a golden opportunity to capture a big share of the .9999 fine gold bullion market. With the right planning, the Mint could shake the Maple Leaf’s hold on the .9999 bullion coin market.
Bill Haynes heads CMI Gold & Silver, one of the nation’s oldest precious metals dealers. See his website at www.cmi-gold-silver.com.
In April, the U.S. Mint revealed plans to strike in early 2006 new .9999 bullion coins to go after the growing world market for .9999 fine (24-karat) gold coins. Studies show that pure gold coins claim 60% of the world’s gold bullion coin market, which is some $2.4 billion annually. The Royal Canadian Mint’s Maple Leafs hold the number one spot for pure gold coins. However, problems with Maple Leafs have surfaced.
If the Mint avoids the problems that have developed with Gold Maple Leafs, it has a golden opportunity to grab an even bigger share of the gold bullion coin market. The U.S. Mint’s American Gold Eagles are the best selling 22-karat gold coins in the world.
Despite being the world’s best-selling 24-karat gold coins, 1-oz Maple Leafs’ design and packaging leave them susceptible to damage. As a result, Gold Maple Leafs have fallen in disfavor among U.S. gold bullion coin investors. Indications are that gold bullion coin investors worldwide have the same frustrations with 1-oz Gold Maple Leafs.
It is nearly impossible to remove, inspect, and put 1-oz Gold Maple Leafs back in their tubes without scratching them, no matter how carefully done. Gold Maple Leafs have smooth, clear fields around Queen Elizabeth’s likeness and sharp milled edges. As the coins are put back in their tubes, the edges scratch the fields–and sometimes the Queen’s raised image.
And, Heaven forbid that a 1-oz Gold Maple Leaf is dropped on a floor or even a hard tabletop. But, most of the damage is done when investors handle the coins. If Gold Maple Leafs are handled roughly, as investors are used to handling Krugerrands and Gold Eagles, Gold Maple Leafs are easily damaged. Consequently, many badly damaged Gold Maple Leafs have come back into the secondary market.
Until a few years ago, Gold Eagles and Maple Leafs sold at the same markups over spot. But, as Maple Leafs, which investors have bought since 1979, started coming into the secondary market, problems surfaced. Now, to keep investors in the U.S. market buying Maple Leafs, the Royal Canadian Mint has to offer new (current year) Gold Maple Leafs at a half-a-percent below Gold Eagle prices.
Damaged 1-oz Gold Maple Leafs are such a problem that one important secondary market maker stopped dealing in the coins for a while. The head trader said he did not have time to discuss with buyers and sellers the conditions of the coins. Further, he said his staff did not have time to inspect each coin and classify it as to the amount of damage. It is commonplace for sellers to say the coins are in “perfect condition.” Yet when Gold Maple Leafs arrive, they often are badly scratched or rim nicked.
Another major bullion dealer (perhaps the nation’s largest) currently buys back “perfect” Gold Maple leafs from established dealers at a little over spot, which means investors receive less than spot if their dealers unload to this firm. For scratched or damaged coins, this firm pays less than spot, which enables the firm to send the coins to a refinery at a profit if the firm has no buyers for Gold Maple Leafs.
The secondary dealer returned to trading Gold Maple Leafs but buys all them only at prices that enable him to profitably melt the coins if they are really beat up. As noted, because of the problem with secondary market Gold Maple Leafs, the Royal Canadian Mint has to price Gold Maple Leafs below Gold Eagles to entice investors to take Gold Maple Leafs in the U.S. market.
Luckily–the free market being what it is–there are dealers who will take the time to evaluate Gold Maple Leafs and pay more for the ones in better condition. Still, the spread (the difference between what an investor can buy and sell for at any moment) on “perfect” Gold Maple Leafs is about $4 wider than on Gold Eagles. However, the U.S. Mint’s new 24-karat gold coins need not be problem coins.
For example, the 1-oz Austrian Philharmonics and The Perth Mint’s 1-oz coins are .9999 fine. Yet, these coins are not easily damaged during normal handling because of their designs and/or their packaging.
Philharmonics come ten to a tube and can be taken out and put back in their tubes without scratching. The Perth Mint coins come individually encapsulated in hard plastic capsules. As long as Perth Mint coins remain in their capsules, they maintain their perfect conditions.
Hopefully, the U.S. Mint knows of the problems with Gold Maple Leafs and will design its new .9999 fine coins and their packaging so that the coins are not easily scratched or damaged. If the Mint opts to go with packaging its new coins in tubes, as it does Gold Eagles and as Philharmonics are packaged, then the Mint needs to avoid milled edges.
Although Gold Eagles have milled edges, old U.S. gold coins ($20 Libs and St. Gaudens) were minted with lettering on the edges. So, lettering is not new to the U.S. Mint. With lettering, the edges can be smooth, making the coins less likely to scratch other coins in handling. Philharmonics, which are not prone to damage, have lettering on their edges.
[Over the centuries, mints learned to design gold coins to guard against “shaving,” a process by which a small amount of metal is “shaved” from the edges. Milled edges that have been shaved are clearly detectible. Light lettering on the edges solves the problem as well. If no lettering can be seen on coins that are known to have been minted with lettering, then the coins have been shaved and no longer have their original gold content.]
As do Maple Leafs, Perth Mint .9999 fine gold coins have milled edges and carry a likeness of Queen Elizabeth II on the obverse (front). However, to protect its coins from damage, The Perth Mint encapsulates them in plastic capsules. When Perth Mint bullion coins are removed from their capsules and put in tubes, the coins are susceptible to scratching as are Maple Leafs.
In going after a piece of the $2.4 billion .9999 fine gold bullion coin market, the Mint needs to consider the mindset of bullion coin investors. Bullion coin investors seek alternatives to paper money; they are not coin collectors. Bullion coin investors prefer coins packaged so that they can be easily stored and secured.
This means the Mint should package the coins twenty to a tube, which has become–primarily because of Gold Eagles–the preferred method. Five tubes conveniently total one hundred coins. Further, the tubes should be made of the same durable plastic from which Gold Eagle tubes are made. Hard plastic tubes, such as those used for Philharmonics, can and do break when dropped. Gold Eagle tubes, on the other hand, are virtually indestructible.
For protection against “shaving,” the Mint should design its new coins with lettered edges. Lettered edges would make the coins much less susceptible to scratching.
The Mint is going after the bullion coin market, and bullion investors like to feel and heft their coins. Packaging the coins in tubes enables investors to more easily inspect their coins. Collectors, on the other hand, want their coins in as pristine condition as possible. Although capsules are excellent for protecting collector coins, coins individually packaged in capsules require more space for storage. The other aspect that the Mint has to consider is the coin’s theme.
The Mint should make the theme something uniquely American, as it did with its American Eagles coins. For the Gold Eagles, the Mint chose a slimmed-down rendition of Augustus Saint-Gaudens’ famed Standing Liberty, which he created in 1907 to grace a new Double Eagle ($20 gold coin). Nearly one hundred years later, the Saint Gaudens, which the coin is now called, is viewed as the most beautiful coin produced by the U.S. Mint.
For its Silver Eagles, the Mint chose A. A. Weinman’s Walking Liberty design, which was used on half-dollars 1916-1947. Walking Liberty halves are among the most popular silver coins ever turned out by the U.S. Mint. Judging by the success of the Silver Eagles program (more than 128 million sold since their inception), putting the Walking Liberty on Silver Eagles was the right move.
Some may argue that the Standing Liberty and the Walking Liberty designs are being used in the American Eagles program, and, therefore, the Mint should go onto another design. However, the Standing Liberty and the Walking Liberty are immediately identified as American by the world’s bullion coin buyers. Besides, is not Miss Liberty as much our nation’s icon as is the eagle?
If the U.S. Mint avoids the problems that have surfaced with Gold Maple Leafs and offers gold bullion coin investors a strong alternative, then it has a golden opportunity to capture a big share of the .9999 fine gold bullion market. With the right planning, the Mint could shake the Maple Leaf’s hold on the .9999 bullion coin market.
Bill Haynes heads CMI Gold & Silver, one of the nation’s oldest precious metals dealers. See his website at www.cmi-gold-silver.com.
Finding and Collecting Lost Coins
Some folks have spent several years of their lives collecting valuable and rare coins. They store them in special books that are designed for this purpose, or they keep them in a bank vault, taking them out only on occasion to enjoy their prized possessions. Perhaps one day the coins will be passed down to a family member or be sold for profit.
But there is an easier way to search for lost coins for gain. While they do not have the value of old or rare coins that are recognized and prized by antique collectors, they nevertheless offer their own special challenge and sometimes render an unexpected dividend when one turns out to be a rare find.
Set aside a sturdy container for your soon-to-be-found coins. Make sure it can’t tip, become misplaced, or get broken by excited kids or a pet. Then start your own treasure hunt as you find time. You can take a few minutes each day, or you can save this hobby for a period of several hours after work or over the weekend on occasion. Don’t expect to find a lot all at once. Rather, be prepared to put in the time that will gradually lead to a harvest of riches.
You can get a silver locating device or a magnetic pole for finding loose coins in ditches, under cars, or in other hard-to-reach places. Or simply rely on your eyes to identify those gleaming metal circlets of potential wealth. Start in your home. Check under the sofa and chair cushions as well as under these large pieces. Look beneath the dressers, on closet floors, in all the household drawers, and inside the pockets of various clothing.
Little by little, expand your search. Check your car thoroughly, including between and under the seats. Don’t forget the toy box, basement, and attic. Look under the porch and on the patio, examining the cushions if you have them there, as well. Keep an eye on the sidewalk or parking areas of public places. You might find coins at the mall or in any kind of community area or store. Of course, if you see the owner drop a coin, be sure to hand it over. Don’t allow yourself to spend the money you find. Instead, place it in your container for this purpose and save it as long as possible. One man saved more than $2,000 over a twenty-year period.
Jaycie Graham is the owner of Fair
Coins which is a
premier source of information about Coins. For more
information, go to: http://faircoins.com
Some folks have spent several years of their lives collecting valuable and rare coins. They store them in special books that are designed for this purpose, or they keep them in a bank vault, taking them out only on occasion to enjoy their prized possessions. Perhaps one day the coins will be passed down to a family member or be sold for profit.
But there is an easier way to search for lost coins for gain. While they do not have the value of old or rare coins that are recognized and prized by antique collectors, they nevertheless offer their own special challenge and sometimes render an unexpected dividend when one turns out to be a rare find.
Set aside a sturdy container for your soon-to-be-found coins. Make sure it can’t tip, become misplaced, or get broken by excited kids or a pet. Then start your own treasure hunt as you find time. You can take a few minutes each day, or you can save this hobby for a period of several hours after work or over the weekend on occasion. Don’t expect to find a lot all at once. Rather, be prepared to put in the time that will gradually lead to a harvest of riches.
You can get a silver locating device or a magnetic pole for finding loose coins in ditches, under cars, or in other hard-to-reach places. Or simply rely on your eyes to identify those gleaming metal circlets of potential wealth. Start in your home. Check under the sofa and chair cushions as well as under these large pieces. Look beneath the dressers, on closet floors, in all the household drawers, and inside the pockets of various clothing.
Little by little, expand your search. Check your car thoroughly, including between and under the seats. Don’t forget the toy box, basement, and attic. Look under the porch and on the patio, examining the cushions if you have them there, as well. Keep an eye on the sidewalk or parking areas of public places. You might find coins at the mall or in any kind of community area or store. Of course, if you see the owner drop a coin, be sure to hand it over. Don’t allow yourself to spend the money you find. Instead, place it in your container for this purpose and save it as long as possible. One man saved more than $2,000 over a twenty-year period.
Jaycie Graham is the owner of Fair
Coins which is a
premier source of information about Coins. For more
information, go to: http://faircoins.com
An Introduction To Gold Coins
If you are looking for good investments, you might want to consider investing in gold coins.
Gold coins are easier to sell than gold bars or other gold bullion coins that may have delays and other expenses. The durable gold standards established by the US Mint are for gold coins circulating more than 350 years ago. These gold coins are minted in 91.67% fine gold, creating a durable coin that is scratch proof.
Gold bullion coin collecting is the act of amassing a variety of gold coins such as gold Eagles. Pandas, Philharmonics, Maple Leafs, Britannias, Gibraltar Dogs and Isle of Man Cats. There are also silver and platinum bullion coins such as Koalas. Kookaburas and Nobles. The United States alone mints millions of gold coins every year. Those who collect gold bullion coins do so for their scarcity, value and beauty.
Some companies that sell bullion gold coins are recommended for new gold buyers since their transactions are private and non-reportable, thereby insuring complete security, privacy and safety for investors. One example of a design is that bearing the image of Augustus Saint-Gaudens, $20 pieces minted from 1907 to 1933. The reverse design shows a nest of Eagles, symbolizing America’s familial tradition. These gold coins are US mint and guaranteed in terms of gold content and weight.
The origin of coins is not free from speculations. Some suggest that the smaller fractional pieces of the earliest coins, comprised of tiny bits of metals were issued as payment for civil servants or those working for the government and later accepted as payment for taxes. Minting of these fractional denominations quickly increased in popularity and nearly every piece in 6th century B.C was hoarded. The larger denominations on the other hand, were most probably used in expensive transactions such as purchasing mercenaries or supplies.
Coins provides detailed information on Coins, Gold Coins, Rare Coins, Coin Dealers and more. Coins is affiliated with Antique Collectibles.
If you are looking for good investments, you might want to consider investing in gold coins.
Gold coins are easier to sell than gold bars or other gold bullion coins that may have delays and other expenses. The durable gold standards established by the US Mint are for gold coins circulating more than 350 years ago. These gold coins are minted in 91.67% fine gold, creating a durable coin that is scratch proof.
Gold bullion coin collecting is the act of amassing a variety of gold coins such as gold Eagles. Pandas, Philharmonics, Maple Leafs, Britannias, Gibraltar Dogs and Isle of Man Cats. There are also silver and platinum bullion coins such as Koalas. Kookaburas and Nobles. The United States alone mints millions of gold coins every year. Those who collect gold bullion coins do so for their scarcity, value and beauty.
Some companies that sell bullion gold coins are recommended for new gold buyers since their transactions are private and non-reportable, thereby insuring complete security, privacy and safety for investors. One example of a design is that bearing the image of Augustus Saint-Gaudens, $20 pieces minted from 1907 to 1933. The reverse design shows a nest of Eagles, symbolizing America’s familial tradition. These gold coins are US mint and guaranteed in terms of gold content and weight.
The origin of coins is not free from speculations. Some suggest that the smaller fractional pieces of the earliest coins, comprised of tiny bits of metals were issued as payment for civil servants or those working for the government and later accepted as payment for taxes. Minting of these fractional denominations quickly increased in popularity and nearly every piece in 6th century B.C was hoarded. The larger denominations on the other hand, were most probably used in expensive transactions such as purchasing mercenaries or supplies.
Coins provides detailed information on Coins, Gold Coins, Rare Coins, Coin Dealers and more. Coins is affiliated with Antique Collectibles.
Collecting Canadian Coins
In Canada where money the popularity of coins has shown significant increase because the value of the “paper money” tends to deflate as much as 25% to 30% in a short period of time.
For this reason, coin manufacturers in Canada started making different kinds of coins to replace the value that was lost in the depreciation of paper money. Gold continues to thrive in various types of coins and their value continues to increase.
Coins function as solid emblems of a nation’s history. Canada has gained importance by producing Canadian coins serve as a means of monetary exchange and a source of historical enrichment.
Many coin collectors are enticed to try Canadian coin collecting. They know that collecting such Canadian treasures not only offer them remarkable diversion but can also provide them with additional value in the future.
So for those who wanted to start collecting Canadian coins, here is a list of some ways to get you started:
1. Do your homework
Like in any venture you must do your homework before you start collecting coins. Try to research how Canada manufactures their coins.
Learn the history of coins and how they may offer great opportunities to earn a profit and at the same time be an enjoyable hobby.
2. Finders keepers
To start the ball rolling, try to get as many coins or tokens as you can obtain without having to spend a great amount of money. Your parents or your grandparents may have some coins that they kept because they did not hold any monetary value at that time.
3. Use some guides
Coin collecting is not a complicated activity but it is not that easy either. You would likely need some references that will guide you in choosing the kinds of Canadian coins to collect.
You can refer to “Haxby’s Coins of Canada” or other brochures that will provide you with adequate information regarding Canadian coin collecting.
4. Enjoy and have fun
The idea of coin collecting is not to get the most expensive and the rarest coins that you can find. What matters most is that you enjoy what you do and that you are amazed by the kinds of coins that you are able to obtain.
Coin collecting may differ from one place to another but Canadian coin collecting is sure to give a hobbyist great pleasure and not just mere treasures.
|
Bill McRea is the publisher of Knowninfo a premium website dedicated to providing Information, Marketing Strategies and Quality eBooks. Visit our site daily for updated information, and unique products. Article Source: http://EzineArticles.com/?expert=Bill_McRea |
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In Canada where money the popularity of coins has shown significant increase because the value of the “paper money” tends to deflate as much as 25% to 30% in a short period of time.
For this reason, coin manufacturers in Canada started making different kinds of coins to replace the value that was lost in the depreciation of paper money. Gold continues to thrive in various types of coins and their value continues to increase.
Coins function as solid emblems of a nation’s history. Canada has gained importance by producing Canadian coins serve as a means of monetary exchange and a source of historical enrichment.
Many coin collectors are enticed to try Canadian coin collecting. They know that collecting such Canadian treasures not only offer them remarkable diversion but can also provide them with additional value in the future.
So for those who wanted to start collecting Canadian coins, here is a list of some ways to get you started:
1. Do your homework
Like in any venture you must do your homework before you start collecting coins. Try to research how Canada manufactures their coins.
Learn the history of coins and how they may offer great opportunities to earn a profit and at the same time be an enjoyable hobby.
2. Finders keepers
To start the ball rolling, try to get as many coins or tokens as you can obtain without having to spend a great amount of money. Your parents or your grandparents may have some coins that they kept because they did not hold any monetary value at that time.
3. Use some guides
Coin collecting is not a complicated activity but it is not that easy either. You would likely need some references that will guide you in choosing the kinds of Canadian coins to collect.
You can refer to “Haxby’s Coins of Canada” or other brochures that will provide you with adequate information regarding Canadian coin collecting.
4. Enjoy and have fun
The idea of coin collecting is not to get the most expensive and the rarest coins that you can find. What matters most is that you enjoy what you do and that you are amazed by the kinds of coins that you are able to obtain.
Coin collecting may differ from one place to another but Canadian coin collecting is sure to give a hobbyist great pleasure and not just mere treasures.
|
Bill McRea is the publisher of Knowninfo a premium website dedicated to providing Information, Marketing Strategies and Quality eBooks. Visit our site daily for updated information, and unique products. Article Source: http://EzineArticles.com/?expert=Bill_McRea |
![]() |
Gold Coins
Gold need not be bought only as gold bars or as jewelry. Buying gold coins is a far better and simpler option as it costs as little as $40 and is easy to store; they can be hidden anywhere in the house or stored in a bank.
There are many different types of gold coins available all over the world like the American Eagles, South African Krugerrands, Australian and UK sovereigns, Canadian Maple Leafs, and the Chinese Pandas. When starting your gold coin collection, the best gold coins to buy are the American Eagles or Gold Sovereigns as they are the most common gold coins. Keep in mind that there is no fixed size or weight for a gold coin; they are measured depending on value and weight, which varies according to the size of the gold coin. Of course, the unit of measurement for gold coins is the gram, but previously it was measured in troy ounces or a part of an ounce. The purity of gold bars is measured as 999 parts per 1,000, which is the purest form of gold. Most gold coins are usually 917 parts per 1,000, as some other metal is added to them to make them easier to mint.
When planning to buy a gold coin from the Internet or an offline shop, make sure all required information of the gold coin—like its name, make, and type—is displayed. If buying online, you have the right to demand a picture of the gold coin, too. The price for the gold coin will be the price quoted by the seller, with his margin and any applicable tax. There is no coin that can be called the best gold coin to buy. It is all a matter of personal taste; some people may prefer the American Eagles while others, Sovereigns.
Gold provides detailed information on Gold, Gold Coins, Gold Teeth, Gold Prices and more. Gold is affiliated with Sell Gold Coins.
Gold need not be bought only as gold bars or as jewelry. Buying gold coins is a far better and simpler option as it costs as little as $40 and is easy to store; they can be hidden anywhere in the house or stored in a bank.
There are many different types of gold coins available all over the world like the American Eagles, South African Krugerrands, Australian and UK sovereigns, Canadian Maple Leafs, and the Chinese Pandas. When starting your gold coin collection, the best gold coins to buy are the American Eagles or Gold Sovereigns as they are the most common gold coins. Keep in mind that there is no fixed size or weight for a gold coin; they are measured depending on value and weight, which varies according to the size of the gold coin. Of course, the unit of measurement for gold coins is the gram, but previously it was measured in troy ounces or a part of an ounce. The purity of gold bars is measured as 999 parts per 1,000, which is the purest form of gold. Most gold coins are usually 917 parts per 1,000, as some other metal is added to them to make them easier to mint.
When planning to buy a gold coin from the Internet or an offline shop, make sure all required information of the gold coin—like its name, make, and type—is displayed. If buying online, you have the right to demand a picture of the gold coin, too. The price for the gold coin will be the price quoted by the seller, with his margin and any applicable tax. There is no coin that can be called the best gold coin to buy. It is all a matter of personal taste; some people may prefer the American Eagles while others, Sovereigns.
Gold provides detailed information on Gold, Gold Coins, Gold Teeth, Gold Prices and more. Gold is affiliated with Sell Gold Coins.
Why Collect Coins?
So why collect coins? Answer is simple really. Coin Collectors,
sometimes called Numismatists, enjoy collecting coins on various
levels. Some collect coins for their rarity, some collect coins
in the hope that one day their collection will be worth a value.
Some just do it for the sure pleasure of having a hobby that is
easy to do. Doing a little research and starting off small is
the greatest way to get started in this hobby. Learn all you can
about coin collecting basics. There are many Coin collecting books and
websites (like this one) out there, that will try to put a
clearer understanding of what coin collecting is all about, and
we are hear to teach you what you need to know about coin
collecting. Coins have a history about them, when they were
struck, why was the design chosen for that time period. There
are no reasons etched in stone that says you have to collect
coins in any particular way. You collect the way you want to, if
you want to only collect pennies, then only collect pennies, if
you want to collect complete sets of each of the denominations
of coins, then do that, or you can just collect the coins that
interest you. You decide what, when, and how to collect. Coin
collecting basics is this, start small. Decide what types of
coins you would like to collect. What would you like your
collection to consist of? Pennies, Nickels, Dimes, Quarters,
Half-Dollars, Dollars, Gold, Silver, Paper Money. It doesn’t
matter. Maybe you want to just collect coins from a certain time
period that interest you. Whatever your decision, stick with it
and work to completing your collection. Also remember that coins
that were struck at different places have different mint marks.
A mint mark is a letter that tells us where the coin was struck.
Each of the coins that you wish to collect will have different
mint marks, to complete a set you will want to have each of the
mint marks for that coin. Subscribe to a coin magazine, Coin
World is a good one. They have a wealth of knowledge pertaining
to collecting coins. Also visit a local coin dealer, not only
will you be able to look at a variety of coins that the dealer
will be selling, they also can answer questions that you may
have, they are there to help you build and understand coin
collecting basics. Use that to your advantage. I guess you will
need a nice place to put your newly acquired coins. Find
yourself a coin folder to display your coins. And once you get
into the hobby more you can get some coin sleeves to house your
collection and store them the way you would want. The
possibilities are endless with coin collecting, and learning
coin collecting basics is the first real step in the progression
of building a great coin collection. Building a coin collection,
is a long process. It doesn’t happen over night, it doesn’t
happen in a week, and unless you are filthy rich, it won’t
happen in a year. Collecting takes time, effort, and
persistence, and the fact of the matter is, there are so many
different types of coins to collect that it takes time to study
and learn about each of the prospects. The United States have
produced many different varieties of coins from the penny to the
gold dollar. They have produced commemorative coins celebrating
a historic event or an anniversary. What ever you chose to
collect I am sure that with a little effort on your part, that
your collection will be something that you can pass on to your
children, or build a small nest egg for your retirement, or
whatever you choose to start coin collecting for. Learning coin
collecting basics is a healthy start to building a wonderful
coin collection.
So why collect coins? Answer is simple really. Coin Collectors,
sometimes called Numismatists, enjoy collecting coins on various
levels. Some collect coins for their rarity, some collect coins
in the hope that one day their collection will be worth a value.
Some just do it for the sure pleasure of having a hobby that is
easy to do. Doing a little research and starting off small is
the greatest way to get started in this hobby. Learn all you can
about coin collecting basics. There are many Coin collecting books and
websites (like this one) out there, that will try to put a
clearer understanding of what coin collecting is all about, and
we are hear to teach you what you need to know about coin
collecting. Coins have a history about them, when they were
struck, why was the design chosen for that time period. There
are no reasons etched in stone that says you have to collect
coins in any particular way. You collect the way you want to, if
you want to only collect pennies, then only collect pennies, if
you want to collect complete sets of each of the denominations
of coins, then do that, or you can just collect the coins that
interest you. You decide what, when, and how to collect. Coin
collecting basics is this, start small. Decide what types of
coins you would like to collect. What would you like your
collection to consist of? Pennies, Nickels, Dimes, Quarters,
Half-Dollars, Dollars, Gold, Silver, Paper Money. It doesn’t
matter. Maybe you want to just collect coins from a certain time
period that interest you. Whatever your decision, stick with it
and work to completing your collection. Also remember that coins
that were struck at different places have different mint marks.
A mint mark is a letter that tells us where the coin was struck.
Each of the coins that you wish to collect will have different
mint marks, to complete a set you will want to have each of the
mint marks for that coin. Subscribe to a coin magazine, Coin
World is a good one. They have a wealth of knowledge pertaining
to collecting coins. Also visit a local coin dealer, not only
will you be able to look at a variety of coins that the dealer
will be selling, they also can answer questions that you may
have, they are there to help you build and understand coin
collecting basics. Use that to your advantage. I guess you will
need a nice place to put your newly acquired coins. Find
yourself a coin folder to display your coins. And once you get
into the hobby more you can get some coin sleeves to house your
collection and store them the way you would want. The
possibilities are endless with coin collecting, and learning
coin collecting basics is the first real step in the progression
of building a great coin collection. Building a coin collection,
is a long process. It doesn’t happen over night, it doesn’t
happen in a week, and unless you are filthy rich, it won’t
happen in a year. Collecting takes time, effort, and
persistence, and the fact of the matter is, there are so many
different types of coins to collect that it takes time to study
and learn about each of the prospects. The United States have
produced many different varieties of coins from the penny to the
gold dollar. They have produced commemorative coins celebrating
a historic event or an anniversary. What ever you chose to
collect I am sure that with a little effort on your part, that
your collection will be something that you can pass on to your
children, or build a small nest egg for your retirement, or
whatever you choose to start coin collecting for. Learning coin
collecting basics is a healthy start to building a wonderful
coin collection.
Rare Coins
One good form of investment is to buy rare coins that over the years have grown in value. This type of coin, particularly in the United States, boasts extraordinary value presenting a wonderful opportunity for rare gold collectors. With prices at nearly five year lows, coupled with the availability of the choicest coins in the market, this it is the best time to collect rare coins. Rare gold and silver coins are in demand especially among investors, since they provide the needed balance to stock portfolios thereby reducing over all risks and generating a large amount of profit. Financial analysts recommend placing a 10-20% of discretionary funds in precious metals like rare coins even for those who own gold mining stocks.
Rare coins are very good performing financial assets in their own right. A recent market analysis of rare gold and silver coins conducted by Coin Universe shows that $1,000 invested in U.S. rare coins during the 70’s would now be worth on the average nearly $58,000. If we review history, paper assets like bonds, stocks and treasury bills lose value while gold, platinum and silver rare coins appreciate in value. Having rare coins in your portfolio will dramatically reduce its volatility and protect your investment from economic uncertainties such as inflation.
Rare coins that can only be traded should be certified and graded by the Professional Coin Grading Service and the Numismatic Guaranty Corporation, two leading independent grading firms. They should come with a complete money-back guarantee. Some firms specialize in finding the right rare coin to suit the buyers’ needs and budget. Others carry rare coins at an affordable price.
Coins provides detailed information on Coins, Gold Coins, Rare Coins, Coin Dealers and more. Coins is affiliated with Antique Collectibles.
One good form of investment is to buy rare coins that over the years have grown in value. This type of coin, particularly in the United States, boasts extraordinary value presenting a wonderful opportunity for rare gold collectors. With prices at nearly five year lows, coupled with the availability of the choicest coins in the market, this it is the best time to collect rare coins. Rare gold and silver coins are in demand especially among investors, since they provide the needed balance to stock portfolios thereby reducing over all risks and generating a large amount of profit. Financial analysts recommend placing a 10-20% of discretionary funds in precious metals like rare coins even for those who own gold mining stocks.
Rare coins are very good performing financial assets in their own right. A recent market analysis of rare gold and silver coins conducted by Coin Universe shows that $1,000 invested in U.S. rare coins during the 70’s would now be worth on the average nearly $58,000. If we review history, paper assets like bonds, stocks and treasury bills lose value while gold, platinum and silver rare coins appreciate in value. Having rare coins in your portfolio will dramatically reduce its volatility and protect your investment from economic uncertainties such as inflation.
Rare coins that can only be traded should be certified and graded by the Professional Coin Grading Service and the Numismatic Guaranty Corporation, two leading independent grading firms. They should come with a complete money-back guarantee. Some firms specialize in finding the right rare coin to suit the buyers’ needs and budget. Others carry rare coins at an affordable price.
Coins provides detailed information on Coins, Gold Coins, Rare Coins, Coin Dealers and more. Coins is affiliated with Antique Collectibles.
