Learning the Ropes of Numismatics

Numismatics is the study of money, medallions, banknotes, token coins, and stock certificates. It is believed to have been established in the time of Julius Caesar who wrote the first book on the subject. It is a very interesting topic because every medal or coin signifies a different era, culture, economy and/or politics.

Numismatists or the people who study the history and over all appearance of the above mentioned forms of currency are different from coin collectors. Unlike numismatists, coin collectors are only interested in collecting coins and the prestige that goes along with it; a numismatist may also be a coin collector and vise versa.

Over the years, coin collection has been very popular. The most common designs are famous people and animals to depict the era when the specific coin was released.

Numismatists are generally interested in use of money, its origin, appearance, variety and production. They aim to explore the role of the different kinds of currency in our history using mint information. Mint refers to the place or facility where the coins are manufactured. They also grade or authenticate coins to determine their market value. To facilitate this, coin grading system facilities were established.

At this time there are three major third party facilities that authenticate coins and/or paper money. These are: the PCGS or Professional Coin grading system located in Newport Beach, CA; the NGC or Numismatic Guaranty Corporation in Sarasota, Florida; and Paper Money Grading (PMG).

PCGS is a third party institution that was established in 1986, which grades and authenticates coins primarily for commercial purposes. They are an independent body providing expert opinion in rating a coin. NGC is also a third party institution offering services solely to numismatists. It was established in 1987. On the other hand, PMG is solely for authentication of paper money and a smaller department of PCGS.

When coin collecting was not as popular as it is now, there were only 3 categories into which a coin could fall: 1. Good – which means that the coin has all of the details intact; 2. Fine – which means that the coin has all the details intact and still has a bit of luster visible; and 3. Uncirculated – which means that the coin was never put on the market thus maintaining its original appearance.

However, today coin grading has evolved and is becoming more definite. They use a combination of letters and numbers that corresponds to the quality of a coin. The coin grading system of United States of America is the most comprehensive and recommended for beginners. An example of USA grading system: MS-60 to MS-70 which means that the coin is blemish-free and has good color and strike. In short it’s perfect!

Knowing how to grade a coin properly is not only a gift, it’s an art. It requires knowledge, exposure and obviously skills. For coin collectors, ability to grade a coin is a must because the value of a coin largely depends its grade.

Here are some components Numismatists use in coin grading

  • Luster – it is a determining factor whether or not a specific coin has been circulated. To have a higher grade, a coin must be technically intact and free from any form of imperfection or blemish.
  • Surface preservation. Abrasion on the surface of the coin and its location is a huge factor in grading a coin but it does not necessarily mean that abrasion can lower the grade of a coin. For example, if a good-looking coin has a severe abrasion on the back that is unnoticeable it will not count against the coin, but the issue may not be the same if the abrasion is located on the front or focal point.
  • Strike. It refers to the coin designing process wherein the coin is being stamped onto a planchet. In overall grading, strike does not weigh a great deal.
  • Coloration. For some coin collectors, preservation of original color of the coin has a huge impact on its value especially if it is a copper or silver coin.
  • Eye appeal. Some coins may not be perfect but collectors may find them attractive, however, it still requires expert opinion to conclude that a certain coin is excellent in all aspects mentioned.

If you have no background in grading coins, you have no business in coin collecting and numismatics without employing help from the experts. Coins have been playing vital roles, not only in the lives of people who love collecting and studying them, but in society as they represent different eras in history. Whether you are selling, buying or collecting coins, you must acquire the necessary basic knowledge or information; so that you can be assured that it is accomplished properly.

Collecting Gold Coins

Coin collecting is something that dates back to when coins were first issued for trade. It was only in the Middle Ages that people turned this into a hobby because of the art work and the historical value.

Coin collecting today is still a hobby that many people enjoy. One of the most precious and most expensive collections that anyone can ever have are gold coins. The most expensive gold coin ever bought was worth around eight million dollars. This was the American 1933 Gold Eagle. This is why the collecting of gold coins deserves to be called the hobby of kings.

Liberty Gold CoinGold coins were one of the oldest forms of money, later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design was the Liberty Head bust made until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 when the Great Depression began. This prompted the recall of gold coins which makes them very difficult to find today.

Since these coins are no longer in circulation, the price for one of them can reach quite high. Gold is also now used for other things such as jewelry or bars that people retain as an investment.

South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes.

Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.
gold-eagle

The American Eagle gold bullion series debuted in 1986. The obverse was originally designed by Augustus Saint Gaudens for the 1907-1933 $20.00 U.S. Double Eagle. The reverse features a nest of American Eagles, signifying the strength and security of American families. Its stately appearance and proud symbolism make the Gold American Eagle one of the world’s most popular gold coins.

OWNx.com

A lot of people retain gold today as an investment because they speculate that the demand will cause its market value to increase. Others hold it as a form of insurance should the financial situation become worse. As more paper money is printed by the FED, each of those Federal Reserve Notes looses more of its value and the value of gold and silver soars. Since the U.S. closed its gold window in 1971, the FED has produced more and more paper currency without regard to the value of gold.

Buying Assets on Sale

The Game of Monopoly is the textbook or blueprint that provides individuals with a plan to become financially free. Since most people only see Monopoly as a game, they may miss many of the real life lessons it can teach. For example, what does Monopoly teach you about your salary and money? The first space in Monopoly says, “Collect $200 salary as you pass Go”. The question is, “how should you view this money and what should you do with it?”

More on Buying Assets on Sale

Beware of Certificates of Confiscation

Treasury instruments have been, are and most likely always will be certificates of confiscation. The saving retirement calculators are almost guaranteed to fail because of this uncertainty. Here is a visual explanation so you can understand the math.

Read more Retirement Accounts Could Boost Treasuries

Be Safe When Buying or Selling 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 buy or sell some of the coins for their 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.
More on Be Safe When Buying or Selling Coins to a Dealer

How to Destroy the Dollar

Ron PaulRon Paul recently told Newsmax why he has called for abandoning the Federal Reserve System and returning the nation to a gold and silver standard.

“It’s not so much that gold is perfect, it’s that paper is insane. To give politicians and bureaucrats and secret bankers the license to counterfeit money and create money out of thin air is destined to fail, and it has. That’s why we’ve had this financial bubble develop since the linkage to gold has been severed in 1971…

“Now they’re trying desperately to print and spend, but the bubble was overwhelming and the bursting of this bubble is something they can’t contain. It would never happen under a gold standard because there would be no legal right for our central bank to spend money and create money out of thin air. The arrogance of it all is unbelievable.

“If we continue doing what we’re doing now, we will literally destroy the dollar.”

Collecting Silver Coins is Fun and Profitable

Accumulating things seems to be the human condition. People collect all sorts of things for a variety of reasons. Usually, it’s because they either enjoy the things they collect or they believe their collection will have greater value in the future.

Well, if you’re going to collect something… why not collect real money?
1804_dollar_obverseSilver and gold have always been something of value that has been used as money throughout the ages. In fact, silver has been deemed the official money of the United States as mandated by our Constitution. True, many believe their fiat paper money is the official American currency, and it has been pretty successfully passed off as that. However, it’s value has been debased since the Federal Reserve began printing it and its value continues to decline.
More on Collecting Silver Coins is Fun and Profitable

This Is Not A Test

despair

The Emergency Broadcast logo flashes up on your TV screen.

You try to click off but it’s on every channel..

You start to realize… this is not a test. This is Real

A News Anchor comes on screen and in a shaky voice says… “At 9:15 this morning, the U.S dollar Collapsed… I repeat the dollar has Collapsed.”

The entire infrastructure of America is now a prime target of opportunity for ANY attack. The T.V. suddenly shuts off; moments later, your entire neighborhood goes dark.

EarthquakeDamage-FSS-300x250You’re going to be OK though.

This is the moment you’ve prepared for… Right?

The signs are all around us and if you don’t know what you’d do then you owe it to yourself to get this free report right now.

You can access it right here.

This is the time to take action.

> Access it before it’s too late. <

Silver’s On Fire…But For How Long?

Have you seen the price of silver the past few days?

silver kilo barYep, it’s going up with prices hitting another 22-month high near the $20 level.

Many pundits are saying the price increase of silver and gold are a reaction to the Brexit vote, where Britain voted to leave the EU.  I, on the other hand, think the price increase is because… wait for it…

That’s what silver does.

Prices go up, and prices go down.  It really doesn’t matter to me.  What’s important is that you should be accumulating as much of the precious metals as you can.  There will come a time when the currency crisis hits a point where the price for silver and gold will go astronomical.

One nice feature of accumulating silver and gold with OwnX is that every so often, I will exchange some of what is in my depository for physical metal.  I think it’s important to be diversified in my holdings, and having physical metals is a real comfort.

Create your OWNx account to gain access to direct ownership of physical gold and silver today.

U.S. Mint Ups Allocation of Silver Eagle Coins

2015 Silver Eagle

Silver EagleThe U.S. Mint has increased its weekly allocation of American Eagle silver bullion coins. “The U.S. Mint has 2,204,500 ounces of American Eagle silver to allocate this week,” says a memo from the Mint. Previously, the Mint had been allocating 1 million ounces weekly, an official says.

By Allen Sykora of Kitco News; asykora@kitco.com

A Look At Gold As the Standard for Currency

When you hear the term ‘gold standard’, you are likely hearing about the International Gold Standard. This was established in the late 1800s after a silver crisis in England which ended with the U.S. suspending all silver payments. In 1871, the first gold standard was established by Germany, and within three decades, nearly all countries with big economies had established similar systems.

With the onset of the First World War, the gold standard reached an initial crisis. Britain had moved from it to a fiat standard, due to the huge cost that was involved in fighting the war. With the Treaty of Versailles, which set conditions for Germany’s surrender, Germany was forced to turn over (as reparations), the bulk of its gold supply to the winning countries. This left Germany without enough gold to maintain it, thus giving them no other option than to switch to a fiat currency system.

The U.S. and most other major economies abandoned the gold standard by the mid Twenties. The official demise of the standard came in 1933 when those nations using the gold standard failed to come to an agreement on the value of gold. Following WWII, the Bretton Woods Agreement would govern the value of currency, until 1972, when the free-floating currency era began. Gold lost its status as the basis for reserve accounting for central banks.

The gold standard, initially, allowed for the expansion of trade around the world, but it was problematic. Gold supplies grew much more slowly than the global economy, which made the gold standard highly deflationary. For example, in the U.S., periods of deflation that lasted for as long as fourteen years were seen when the economy switched to the it. It is also possible for local distortions of value to be realized. Such was the case when the Irish found it more profitable to export potatoes to England rather selling them domestically, which led to what became known as the Great Potato Famine.

What The Gold Price Means To A Nation

Gold coinNowadays, it is possible to obtain the latest gold price by reading the financial press as well as from network news programs, though for more than two decades this was something that hardly elicited any interest, leave alone being reported. Mostly, the gold price was either quite steady or it kept falling; things have changed since then, and since 2001, there has been quite a lot of interest been shown in gold price which has been heading north resulting in the price reaching more than one thousand dollars per ounce, and many more people are finding it an attractive investment to make.

Depends On The Strength Or Weakness Of The Dollar

The gold price is directly related to how strong or weak is the US dollar, and the steady upward movement of gold price from around two hundred fifty dollars in 2001 to the present levels of more than one thousand dollars has made gold very attractive to investors as well as speculators. However, even though many people have made money through this means, it should not be taken for granted that gold, when purchased, will definitely be a sound investment because you won’t earn interest on it and the quality is fixed as well making it static and not like other good investments.

What you can be sure of is that the gold price will only change according to how cheap or expensive is the paper money that we use which is in this instance the US dollar. Thus, purchasing gold is more to do with having some form of protection against a currency that is going to depreciate rather than being a great investment.

Dollar CollapseSo, it is safe to say that when the gold price shoots up, there is reason to be concerned about the future of the major currency, and if the gold price is especially high, then there is even more reason for concern about the paper money’s value. At present valuation, the gold price fetches over one thousand dollars per ounce as compared to the twenty dollars it took to buy the same amount of gold way back in 1934.

Also, the gold price which is going upwards really shows a lack of confidence in the central bank as well as the paper currency, and the gold price that we are witnessing today reflects a certain uneasiness with the increased supply of money and also the deficits in budgets as well as in trade as too for liabilities that are not funded, and most of all, the inability of the country’s governing bodies to bring runaway spending back to control.

Types or Specialties of Coin Collectors

If you are a coin collector, how do you categorize yourself?

There are various ways to collect coins as well as the specialties of collectors. Here is how to differentiate the variety of coin collectors.

coin collectorThe Casual Coin Collector: The Most Common One

You will know that you are a coin collector if…

  • you collect coins no matter what your age
  • you collect coins randomly just for the fun of it
  • you do not pay much money for the preservation and purchase of coins
  • you will collect some coins that are already obsolete, those that have been modified and are used my magicians, commemorative coins, those with errors, or those that are out of circulation
  • your collection is made more interesting because of the coins given to you as gifts

The Curious Collector: The Second Level

You will be able to recognize yourself as a curious collector if…

  • you are more interested in coin collecting than simply collecting them because you received them as gifts
  • you don’t mind buying coins, especially if they are inexpensive
  • you are more interested in browsing coin shops than a casual collector
  • you spend time surfing the net looking at coins sold on eBay or other coin sites
  • you collect coins without a clear-cut objective
  • you are inclined to increase your knowledge of coins and might soon contemplate becoming an advanced coin collector as you establish contact with more serious collectors who might inspire you

The Advanced Collector: The Extreme Collector

You can categorize yourself as an advanced collector if…

  • you find yourself smitten by the “Hobby of Kings”
  • you are either a “generalist” (a collector who wants to obtain a wide variety of coins) if you can to obtain an amazing collection you’re your available resource; a “completist” (a collector who wants to collect a complete set of a specific type)
  • you lack resources and will opt for a smaller number of coins to complete a set, if you are a “completist”
  • as a “completist”, you prefer collecting coins from a certain historic period, nation, or you prefer collecting tokens or coins with errors.

No matter what level of coin collecting specialty you choose, it is your choice. What is important is that you find it rewarding and fulfilling.

So, have you found your category yet?

San Diegans value chocolate more than precious metals

Given the choice between a free Hershey bar and a silver bar worth $150, people on the streets of San Diego chose the chocolate bar – another jaw-dropping illustration of how ignorant Americans are when it comes to precious metals.

Mark Dice’s previous video showed him attempting to sell the 10oz silver bullion for as little as 99 cents, with no takers. This time San Diegans didn’t even show an interest in receiving the silver for free, choosing the chocolate bar instead every time.

“I’ll take the chocolate bar,” says one woman as Dice tells her, “who needs a 10 ounce bar of silver, right?” as the woman physically recoils from it.

“Who needs a 10 ounce bar of silver when you can have a good delicious bar of chocolate, right?” Dice tells another man who responds, “Yeah, exactly!”

“The Hershey bar, I can eat it, I can’t eat the silver bar,” remarks another man as he choose the chocolate over the bullion.

Another woman chooses the Hershey bar, commenting, “I’m a girl and it’s been a cranky day.”

A man in a cap then sardonically asks, “silver?” before taking the chocolate bar.

A woman wearing sunglasses remarks, “I don’t have a way to do anything with the silver,” presumably unaware that she could exchange it for $150 at a coin shop just a few feet away. Ironically, the woman then becomes preoccupied with whether or not the Hershey bar is real.

“Is it real? It doesn’t seem real,” states the woman, to which Dice responds, “I mean we could go into this coin shop, we could verify this silver bar as real.”

“No, that’s alright,” responds the woman.

As precious metals specialist Addison Quale wrote in response to Dice’s previous silver bar video, “Americans have been tricked into believing precious metals are not valuable.”

Quale writes that the video illustrates how central bankers have created an “uninformed, uninterested, ignorant and pliable citizenry they can lead around by the nose,” having “essentially convinced the populace that gold and silver coins are ultimately impractical and just too old-fashioned” while making them firmly believe that promissory bank notes and certificates represent real money.

Article written by Paul Joseph Watson, InfoWars.com

Don’t Fall for those “We Buy Gold And Silver” ads

American Eagle Silver Coins

Have you been paying attention lately to what’s happening with your money?

Those “We Buy Gold And Silver” commercials have been dropping MAJOR clues about what’s going on in the economy and while many haven’t caught on… many others have…

American Eagle Silver Coins
American Eagle Silver Coins

Those juice, pills, vitamins, or latest travel club programs are struggling. People are not trying to figure out how to spend their money on stuff… they are trying to figure out how to get more money and protect what money they have. That’s why people are canceling their auto-ship for all those other products… That’s why nobody is buying $40 bottles of juice.

Do you want to earn REAL MONEY and protect your wealth?
Buy Silver

Silver Recycling Volumes Forecast to Stagnate Over The Next Three Years

(September 9, 2015 – Washington, D.C.) The Silver Institute today released “Silver Scrap: The Forgotten Fundamental,” a report produced by Metals Focus, the London-based independent precious metals research consultancy, on behalf of the Silver Institute. The study provides detailed information on recycling broken down by region and by five sectors: industrial end uses, photography, jewelry, silverware and coins. This analysis then forms the bedrock for the forecast in scrap volumes out to 2017 and how those volumes might vary with price.

Highlights from the report include:

  • Silver recycling is projected to decline to 178.0 Moz (5,536t) by 2017. This is 14% lower than the 2011 peak, as growth is only expected to average 3% a year, even if prices rally to over $20. This outlook is based on further losses in photographic scrap, a depleted pool of near-market silverware and a limited response from most industrial end-uses.
  • The study found that scrap from industrial sources is the largest segment, accounting for around half the total last year. A key finding was the low level of recovery from the vast majority of end-uses, as highly fragmented ownership and low silver contents often make recovery uneconomic.  The main exception is the substantial and growing volumes coming from ethylene oxide (EO) catalysts.
  • Silverware is the second biggest source of silver scrap supply, with an 18% share of the 2014 total. This large slice was mainly ascribed to a sizable pool of product and a comparatively high value per piece.  By contrast, silver jewelry recycling is modest, despite higher consumption today, as consumers appear to be content to hold on to a still fashionable metal and resale is less valuable.
  • The report notes that photographic scrap remains in marked structural decline as a lagged result of the digitally-led fall in its fabrication since a peak in the late 1990s. However, still sizable volumes of recycling of old x-rays helped this sector achieve 16% of the 2014 scrap total.
  • The West, in particular North America, dominates recycling today, with 53% of last year’s total. Chinese scrap was, however, noted to be growing fast, with its share on target for almost 20% by 2017, largely as a result of gains in industrial recycling.
  • The report isolates four main drivers of silver recycling: the silver price; the scale of a products’ stocks; the degree to which ownership is fragmented and, lastly, environmental legislation in conjunction with its enforcement and voluntary compliance.

“The report illustrates the fact that one of the major contributors to the silver supply complex, scrap supply, has been shrinking, and is forecast to grow only modestly in the near term, further underscoring the strong fundamentals of the silver market,” stated Michael DiRienzo, Executive Director of the Silver Institute.

The report can be downloaded free of charge at: Silver Scrap:  The Forgotten Fundamental Report

Learning How to Buy Gold Investment for Beginners

People make investments because they want to keep their money stashed somewhere it can earn more. Successful investing is about keeping it safe too against macroeconomic and geopolitical risks. It is a known fact that gold and gold related investments are stable investment options. It can stand global geopolitical debacles as well as economic recessions/depressions. If security is what is wanted, there can no safer asset than making an investment in gold. With this and the potential for profit because of the strong market for gold, more and more people are becoming interested to learn how to buy gold investment these days.

gold-insurance

If you have more than enough wealth and you wish to make an investment in gold, you must be wondering how you are going to do it or what cardinal rules that one must remember or follow. Generally, one’s motivation influences the buying of gold and the form preferred. Buyers, based on motivation can be described either as a speculator, investor or saver. Anyone of these can further have other finer motivations such as: Is the investment for the short, medium, or long-term? These are important because can define the different forms they would prefer to buy the gold.

The Value Of The Physical Gold

SilverSaver.comFrom a beginner’s point of view, the easiest to understand and do is concerned with the original form of investing which is the physical gold. It is an ideal part of a properly diversified investment portfolio. This can be bought in the forms of gold jewelry, numismatic coins and gold bullion. Gold jewelry is the most common and familiar form of gold investment among ordinary folks. This takes a very significant form in India where gold is a status symbol of family wealth and which is traditionally used in worshiping and holding of ceremonies. Numismatic coins hold special value not solely for the gold content but for their rarity, historical and aesthetic worth. Gold bullion is available either as gold bullion bars or gold bullion coins. These are highly preferred insofar as investment is concerned being lower in cost but can be easily sold at fair market price than any other physical gold.

Securities: Gold-backed, Stocks And Options

Investing in gold does not always entail owning of physical gold. One way on how to buy gold investment is by buying securities- Gold-backed Securities. A security is a financial instrument that represents a worth. These are actually indirect investments in the Gold ETF (Exchange Traded Funds), which, by the way are still backed by physical gold. This means that a holder of an ETC security only owns a claim against the issuer of gold ETC and cannot demand a physical delivery of the gold. Thus, investors must remember that gold-backed securities carry risks. Another form of securities that allow another gold-related investment is the gold mining stocks and gold mining funds. These are investments made in the companies engaged in gold mining.

Another way to buy gold investment is by using securities with values that are derived from the gold but which are not backed by physical gold such as structured production and options. These are contracts between two parties that will expire at an agreed time. These allow a lot of leverage because the trader can manipulate a large position with a small outlay but carry significant risks.

Other Forms of Gold Investment

Other forms of gold investment may be presented as gold certificates. A gold certificate is like a bank note that entitles the holder certain specified worth of gold. It is a proof of gold ownership in a paper because gold bullion is hard to store and transfer. This used to function like money from 1882 to 1933. The technology of the Internet has already bred the so called Digital Gold Currency. This is an electronic currency that is backed by gold bullion. People with these accounts allow ownership of gold and online transactions (buying and paying online) using their own gold. This also offers the same security as gold bars and certificates only easier to store and convenient to transact with.

With the global economy that is both bleak and uncertain, investing in gold is not only sensible, it is also a necessity. The best form is and always will be physical gold. Yet, with its weight in gold, maybe electronic accounts and certificates, which are backed by gold bullion and as secured as well, will do. So, are you enthusiastic to learn how to buy gold investment?

Coin Collecting 101: What Type of Coin Should You Collect?

Coin collecting is a fun hobby to start and the thrill of hunting for old coins is enough for many people to continue doing it. Other people consider coin collecting an investment, something they can receive a profit from. If you are one of those people, then you can find several types of coins in this article that will help you determine what others are looking for.

Learn about Silver

Most coin collectors will look for only a specific kind of coin that will make their collection more valuable and interesting to buyers. Others are collecting for sentimentality and are looking more at the coin’s uniqueness.

Series collectors are those looking for a series of coins that mark every year and every design change made in that coin.

Type collectors are those people who are looking to get one of each coin where there were/are changes made.

Ancient coin collectors are those people looking for coins spanning the years 650 BC – 450 AD. This is the time when coins were invented and there were silver, gold and bronze versions made. It also marks the time when Roman emperors were the rulers and most of them feature famous Roman emperors, Roman towns, or gods.

Token collectors are those who are looking for different kinds of tokens that were used in exchange for real money when there was a lack of coins. These tokens were used as local currency even if the government had not given permission for them to be used.

Coins are also graded. A coin’s grading depends on its condition and the price of the coin will rely heavily on that grade. It is important for a coin collector to know how to grade a coin to make sure that he is not swindled by individuals looking for a quick profit.

“Uncirculated” coins are those coins that are not showing any wear and tear or to referred to as “in mint condition”. A mint state (MS) grading depends on a coin’s luster, contact marks, hair lines and overall appeal. A coin can have a grade ranging from MS-60 (dull luster) to a flawless MS-70. Although MS-70 is considered unobtainable, a grade of MS-65 and higher will make a coin’s price shoot up.

Circulated coins are more forgiving, they do not take into consideration the amount of scratches and dirt a coin has gathered along the years. Grades for circulated coins will vary. AU (about “uncirculated”), EF (extremely fine), VF (very fine), F (fine), VG (very good), G (good), AG (about good), F-2 (fair) and P (poor) are used as indication of how much a coin is worth.

These grades are dependent on a circulated coin’s luster, visible wear, design elements and visibility of letters and numerals. Unlike “uncirculated” coin’s grades, these grades do not dramatically lower a coin’s value. This is wonderful for people who are looking just to complete a collection and do not care about a coin’s mint condition.

Pricing of a coin will usually be determined by a coin’s supply and demand. Very low supply and very high demand will make a coin’s price higher; however, high supplies of the coins will depreciate a coin’s value.

Demand is usually established by coin dealers where they take into consideration the number of people wanting to buy or sell the coins. Once a coin becomes difficult to find, coin dealers will usually make its price higher so that people are inclined to sell extra copies of their coins.

Grading and pricing a coin usually takes a lot of experience to master. Although there are several tips and guidelines to look for in grading a coin, only professional dealers have the final say on how much a coin is worth. It does not hurt to know this grading is done and why your coin was graded differently from what you thought.

Coin collecting is not really about investment, it should be a fun and thrilling hobby. While the overall goal of a coin collector is to complete a set of coins, learning what to look for in a coin is important to make sure that no one can take advantage of your need to complete a particular set.

Why Silver May Be A Golden Investment

Silver is a wonderful way to put your money in precious metals. This investment does not demand loads of money and you can get the strength and steadiness that comes along with precious metals.

You might want to search for dealers or firms providing online trading of silver. The online trading firm/dealer must have a functionally simple website and the web pages must be promptly downloaded. You can inform the online trading dealer the amount of silver bullion you want to purchase. silver barBullion is the basic product traded in the precious metals market. The unit involved is ounces. You can buy small bars of bullion by one ounce or bigger size bars at 10-15 ounces per bar depending on their size. The online dealer buys the silver and ships it to your destination.

Many dealers in online trading also handle deals that involve large transactions. You can do silver trade with them only if you can invest a good amount of money. By adding precious metals particularly silver to your investment portfolio of stocks, mutual funds etc, an investor can add a real asset to the his investment mix. This enhances the diversification scale, thus reducing the risks caused by fluctuations in any asset kind.

Silver is the most abundant and most inexpensive of the precious metals. Silver is very malleable, corrosion resistant, good reflector of light and is matchless conductors of heat and electricity. Silver plays an important part in your financial planning, as it is an effective investment for an average investor.

Silver has striking demand embedded in segments as varied as imaging, nanotechnology, electronics, jewelry, coins, superconductivity and water purification. Thus, silver has crossed the mark of a precious metal but is now an artistic metal and an industrial metal. Silver is vital metal that helps to improve the quality of our lives.

The value of silver may fluctuate but it has an inherent value that is unchallengeable and enduring. Moreover, between 1970 and 1980, the U.S. dollar lost more than half of its value, while silver prices rose nearly five times.  The economic factors that influence the price of precious metals are different from the factors that decide the price of other most common financial assets. Thus the independent change of precious metals graphs reduces overall volatility of the portfolio and maintains balance.

The dollar is declining and its acquisition power has gradually weakened over time and is anticipated to continue to do so. Thus the rise in online trading of silver can generally impart a hedge against inflation. As the economies swing between prices rises, recession and extension, the silver metals prove to be a sound investment. Many experts of investment believe that 15-20% of assets must be secured in silver investment.

Online trading of silver also gives you a sense of possession as you have the ownership or unswerving charge of their assets as purchasing physical bullion has a good focus. Online trading commissions on buying and selling bullion are minimal. Moreover, silver bullion bars are highly liquid in online transactions.

So don’t loose the golden chance in online trading opportunities of silver investment, as it’ll yield high returns.