Coin collection is not just about having as many coins as possible. More important than the number of coins is the quality of those coins. This quality is measured by the coins’ grade and the grade is measured using a scale from zero to seventy (seventy being the highest point grade). Doctor William Shelby introduced this point scale in his work “Penny Whimsy”.
Here are the classifications of coins according to grade.
1. “Mint State” Coins
This is equivalent to a value of 60 to 70 in the Shelby’s grade scale. This means that the coin has no blemishes whatsoever. Most of the coins in this category are uncirculated, shiny, new coins, with absolutely no signs of wear.
2. “Almost Uncirculated” Coins
The “Almost Uncirculated” coins have a point grade of 50, 55, or 58.
It is very important to note that in these coins, coin collectors must know the locations of the high points in a particular coin. By checking the difference of the light reflected in the high points to the other parts of the coin, an “Almost Uncirculated” coin is separated from the Mint State coins.
3. “Fine Coins”
These can further be classified as” Extremely Fine” (40, 45), “Very Fine” (20, 25, 30, and 35) or “Fine” (12) depending on the sharpness of the remaining details on the coins. The coins are observed to have wear but the designs are still intact.
For “Extremely Fine” coins, the mint luster is still present.
“Very Fine” coins can be compared to coins which have been used for 1-3 years. Minor features of the coins are already gone.
4. “Good Coins”
These coins can be specifically defined as “Very Good” (12), “Good” and “Almost Good” coins.
The coins in this category are worn out. Only weak designs can be observed since the details of the coins in the high points are nearly smooth.
Full rims must be observed for the “Very Good” coins category.
In the case of “Good” coins, the mint mark and the date must be visible.
On the other hand, “Almost Good” coins are the most worn of coins in this category.
5. “Fair Coins”
The coins are “worn out”, but can still be distinguished as belonging to one of the types of coins – as long as one can identify a coin, it is a “Fair C”.
6. “Basal Coin”
These metals that can be determined to be coins – but the kind of coin are undeterminable.
With the classifications described, it will be very easy to grade coins. Just remember that knowledge of the coins’ grades gives coin collectors advantages!
Despite all the disasters happening around the world, one thing is certain in my mind… we are headed toward a financial collapse.
The distressed and perhaps permanently damaged economy has legions of deniers in official positions, who knowingly or unwittingly serve as apologists for the vested interests that resist change — energy companies on the one hand, global banks on the other.
It seems there are some out there that do not want us to know what is really going on in the world economy and only want us focused on giving them more of our money.
Read: We face devastating storms, both physical and financial on MarketWatch.
Filed under Inflation by
A lot of people are looking for ways to trade their gold and silver. However not everyone is really sure about how to go about it. If you want to get the most money out of your gold and silver all you need to do find out where you can trade for maximum profits. Here are some ideas on your choices as to where you can trade your gold and silver for quick cash.
First off gather all your gold and silver items or jewellery so you can have them evaluated properly. If your jewellery is gold, it should reach the 10k mark and above. Find out what is the current spot gold price in the market. Don’t rely too much on what you see from the news on the television. I like tracking the current gold and silver spot price at kitco.com.
Now that you have a good understanding of how much you can sell your items for, you need to locate and find out what are your options for trading gold and silver. Jewellery shops are one and I’m sure you’ve seen their ads saying they are buying scrap or unwanted gold. This is due to the fact that they are interested in the melting value of your gold, not its resale value. Pawn shops are the same. They will buy your gold and silver and place its value on the melting value. However, these places may not be the best in terms of what they will offer you for your gold and silver.
I prefer selling my scrap gold and silver to a coin shop where they seem to pay a bit more than other places.
Another avenue on where to trade gold and silver is through the internet. Online precious metal buyers have been around for awhile now and they claim to offer a much better value for your unwanted gold and silver. They evaluate your items and once evaluated, they offer premium payment. If you are unsatisfied with what you are getting from them, they offer a free return policy. Aside from the fact that it offers you more comfort and hassle free in finding brick and mortar businesses to trade your gold and silver to, online trading involves no awkwardness when negotiating.
These are your options on where to trade gold and silver for a quick buck. Remember that it all boils down to your choice and which of these options presented will offer a greater deal for your unwanted gold and silver.
There are books out, “The Red Book” (A Guide Book of US Coins), “The Blue Book” (A Handbook of US Coins), as well as coin newsletters and catalogues available at any public or private library, coin dealers/shops anywhere in the US. There are also online guides for the prices of US coins available on the web.
For a synopsis of the price of each coin, the following are the basic values of each cent, penny, or dime in the market.
The United States wheat-cent, the circulated ones
The price of these coins made prior to 1958, or those that are dated 1940, are currently being purchased by coin dealers for two cents each, or less. Those made before 1940 command a much higher price – from a few more cents to a few dollars.
Silver-dollars from the US, especially those made before 1935, have almost an ounce of silver in them. These coins are the favorites of coin collectors and could be sold for more than their actual value in silver if they are undamaged or not worn severely.
The dollars of Susan B. Anthony
If by luck you happen to get one of these as a change, the value is more than a dollar and proof Susan B. Anthony dollars command even more. They are not easy to fine as they are not usually being circulated.
Quarters, dollars and halves – the bicentennial kind
There were billions of these coins made out, and because there are so many of them, their worth is usually just face value. There are coin dealers however who pay ten percent of the face value as premium for circulated bicentennial coins, and a few dollars more for those that are uncirculated.
A freak coin
Believe it or not, there are two-headed coins out there. Basically, these are coins with two different designs on each face. These coins were made in error and mistake was not discoverer until the year 2000. This type of coins is usually called “mules”. In 1999, it was found that a cent with Lincoln’s face on one side and Roosevelt’s dime image on the other existed.
It you find a coin of this it must be taken to a legitimate coin dealer and assessed to determine if is genuine. If so, this coin could be put up for auction and command a few dollars more.
It is therefore true that a coin is basically worth more than meets the eye.
The condition of the coin means everything in coin collecting. In the world of coin collecting, the coins themselves are considered as gold, this is why there is a need to protect them from damage. Having the right supplies will allow a collector to preserve the integrity of his coin collection. The slightest hint of damage can diminish the value of a coin significantly.
Here are some of the supplies which are used in properly handling coin collections:
In handling coins, you must be careful not to scratch the coins. The use of gloves (preferably white) will prevent scratches and other kinds of damage to the coin’s surface. Gloves should be made of cotton or plastic.
If you not comfortable using gloves, you can use coin tweezers. These are not your ordinary tweezers because their tips are protected with plastic that prevents the tweezers from scratching the coins.
In examining coins, you must be able to take a closer look at them. This is where the magnifying glass is most useful. You must be careful in using a magnifying glass when examining the coins. There are magnifying glasses available today that have stands attached to them and the stands allow the collector to use both hands in coin examination to avoid accidents.
A mild soap and a soft high-integrity fiber cloth can be used in cleaning coins.
When examining or cleaning coins, you must remember to put a soft cloth or a mat on the table where you are working. An accidental dropping of the coin can damage it significantly and reduce its value to literally nothing. A mat or a cloth will absorb the impact of the drop and will prevent the coin from being damaged.
You must be extra careful in displaying your coin collection. Coin boards are used by many to display their coin collections. In the U.S., the map of the United States of America is very popular among coin collectors to display the different quarters of the different states.
When transporting coins, the use of coin envelopes is very practical. The use of these paper envelopes allows a collector to safely transport his coin and put some information about it in or on the envelope itself.
There are other coin collecting supplies such as boxes, holders, folders, but everything points to the preservation of the coins’ condition. The right kind of supplies will determine whether a coin is priceless or price-less.
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Some people are born to love money; whether they spend it or just collect it, they are simply born to love the way money provides them the kind of gratification that they want.
For example those people who are coin collectors simply love the sight of coins and many wish to display their collections as art.
In the United States, coin collecting started as early as 1652. During this period, business people and individuals alike, were known to engrave and distribute their personal coins.
Some people are so interested in coin collecting that they are more willing to combine various forms and categories. The reason for this fascination for these coins is the very nature of U.S. coins.
The U.S. Mint carefully crafts U.S coins and over the past 30 years it has minted nearly 300 billion coins.
When the Articles of Confederation gave consent for the different states to create or manufacture their own coins, the U.S. coin collections grew at an unparalleled rate. That is why in the middle of 1780′s, states like Connecticut, Vermont, New Jersey, New York, and Massachusetts started creating various coins unique to their states. This prompted the start of “rare coin collection.”
To know more about U.S. coin collecting, here are some of the basic facts that you must know:
1. It was on 1787 that the primary “federally” approved coin of the U.S. was first made. It was in New Haven, Connecticut where the “Fugio Cent,” the name of the coin, was secretly manufactured.
2. The U.S. Mint is responsible for manufacturing the U.S. coins. The agency uses bands of metal that are rolled into loops, with the right breadth and measurements. Each kind of coin uses a particular kind of metal. For instance, metal strips that are made of zinc are used to manufacture pennies, while nickels are made of a 25% “nickel metal alloy” and 75% copper.
For this reason, U.S. coin collecting is further subdivided into categories such as the U.S cent, U.S. nickel, U.S. dime, etc.
People who would like to start collecting U.S. coins, should learn the intricacies or the hobby and find ways to acquire their first coins.
The hobby of U.S. coin collecting is not just a wonderful hobby but also a great way to preserve the nation’s culture and history.
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Gold and silver are lagging in price not because of the true demand situation, or even the dwindling supply/default on physical delivery circumstances. The question no one is asking is why are central banks and their servant governments doing everything possible to preserve the soon-to-be-devalued dollar?
If gold and silver were allowed to reflect their true worth, it would totally undermine the existence of the dollar and topple central bankers and governments. Those bankers won’t go down without a fight, and they will destroy existing western currencies in the process. If the paper dollar is how you measure your worth, you have been warned.
Filed under Silver Prices by
Gold has been used throughout history as “real money”. It has maintained its reputation of being an attractive commodity against inflation, deflation, and currency devaluation. A lot of investors started losing their faith in stocks, currencies, real estate, mutual funds, and other investments after the major economic stress in 2008. Many preferred to pay for gold and considered getting a gold investment account.
While the most popular way of investing in gold is buying bullion gold bars, buying gold using a gold account is another vehicle to invest in this precious metal. A gold investment account is an account that allows investors to buy the purest available gold commodity in the market. In contrast to physical gold (bars, coins, jewelries, etc.), gold accounts allow investors to build up a cheaper gold portfolio. Below are some of the other benefits of gold accounts.
- Gold accounts, similar to other forms of gold investments, act as a hedge against inflation.
- Gold trading becomes more convenient when gold accounts are used during transactions.
- It is an affordable initial investment.
- Gold in an investment account can be easily disposed on demand unlike jewelries.
- The risk of loss and theft is reduced since the asset is held in an account.
As with all other kinds of investment, gold accounts also have weaknesses. Here are some of them.
- Because gold accounts are not tangible, one cannot pawn it for quick cash.
- Transactions must be made over the counter during banking hours only.
- If your bank goes out of business, you can lose all your gold.
There are plenty of banks that offer gold accounts. Different gold accounts impose varying types of intermediation between the investor and their gold. In general, gold bullion banks offer two kinds of gold investment accounts – allocated and unallocated.
What is an allocated gold investment account?
Just like keeping gold bars inside a highly secure deposit box, this gold account is one of the safest forms of gold investment. When gold is placed in an allocated account, the gold is kept in a vault managed by a recognized bullion dealer or depository. Bars and coins are distinguished, numbered, and identified through hallmarks, weight, fineness, etc. These precious metals are then allocated to different investors who pay for the price of gold, storage, and insurance. The bullion dealer or depository who is responsible for managing the vault may not sell, lend, or lease the metal – except when there are specific instructions on the account.
What is an unallocated gold investment account?
Unallocated gold account investors generally do not have specific bars assigned to them. Traditionally, one major advantage of unallocated gold accounts has been the absence of storage and insurance fees, because the bank reserves the right to lease the gold out.
But, now that the gold lease rate is negative in real terms, a good number of banks have started to introduce charges even on unallocated gold accounts. As a rule of thumb, bullion gold banks do not transact in quantities below 1000 ounces. Their clients are institutional investors, private banks acting on behalf of their clients, central banks, and gold market players who are interested to buy or borrow large quantities of gold.
An investment in gold accounts is a great way to diversify your financial strategy and portfolio. While some investors prefer to actually hold their gold, others desire to put theirs in a gold account which allows them to earn potentially higher return from appreciation in gold price. If you think that investing in gold accounts better suits your investment needs, just see to it that before you decide on one, you have a good background of the market and how this can affect your portfolio.
Those who want to dabble into gold investing as part of their financial portfolio need to plan their investments carefully. A gold investment plan will work well to maximize yields within a specific time frame in which a person wants to realize his financial goals.
Devising a plan can be done individually or with the help of an expert such as a personal financial planner or an investment advisor. Understanding gold as it is used in personal investing is also an important aspect of any investment plan. It is essential to gain knowledge about how different investment products involving gold can serve various purposes for investors. Once the basics are covered and the resources are made available, a workable investment plan can easily be set into action.
When you invest, you put in a certain amount of funds with expectations for some future gain. This is quite different from savings as only a slight gain can be expected in exchange for the liquidity and security these products offer. Any investment presents risks, usually tagged low, medium, and high. The lower the risk, the lower the potential yields are likely to be. Inversely, investments with higher risks also present higher potential yields. Investment instruments that are high risk would not go well for investors who do not have much to invest and has low appetite for risks. The best investment options for these kinds of investors would be those that are likely to preserve their value over time and are not subject to much volatility.
Any plan would have to be devised in such a way that the potential yields are aligned with the financial goals of the investor. This means that any investment instrument should be chosen based on its ability to meet the investor’s target portfolio size within a specific time frame. Long-term investments with guaranteed yields would fit younger investors looking to accumulate funds for their retirement fund. Those who are a little more mature in age and have a shorter time frame in mind would most likely be in the market for instruments that can give high yields within a short period. Unfortunately, high yielding short-term investment products require larger cash or investment outlay. It is common to put together a combination of investment instruments in an investment plan to meet an investor’s financial goals.
One of the best investment options that you can put your money in today is gold. Gold and gold-related investments have consistently outperformed other investment instruments over the past years.
While there is no certainty as to the what the future holds, investment experts and financial analysts project gold to continue with the same upward trend in the coming years. Having a gold investment plan as part of your financial portfolio planning would definitely be an advantage especially since currency pressures, government deficits, and external debts are rocking global economies at present.
You may combine different products in your investment plan based on your investment appetite and financial goals. You can opt to buy gold bars or gold certificates, allocate a certain part of your IRA towards investments in gold, or take a more active stance by trading gold funds and gold company stocks. Always be guided with a good strategy that will allow you to maximize yields on your investment without exposing you to investment risks you might not be ready to handle.
Numerous options for buying gold online have appeared in recent years. For example, you can purchase gold on a regular basis depending on your budget. Opening a SilverSaver® account takes just 10 minutes. There is no paperwork to send, and as soon as your account is verified, you can schedule purchases to begin immediately.
Trading gold company shares in the stock market and investing in gold exchange traded funds takes a little more work than simply purchasing gold bars and certificates. Even as expert investors and traders can work on gut feel, it is not necessarily a guarantee that you will benefit from any impulsive investment decisions with regard to gold. It takes some understanding of the market and some fundamental analysis to be able to successfully navigate the realm of gold investing.
At the very least, investors should be able to follow rules and read indicators. This simply means that you have to know when to buy and when to sell using data of past performance and trends in price values. Some investors who do not want to worry about learning about the technicalities of the trade can turn to expert gold trading advisors or get reliable gold traders to help them with their gold investment plan. These services, however, may come with expenses like subscription fees, commissions, and other charges.
Have coins? Will collect!
Old coins that is. Try looking under that old dresser, or up the attic where grandma or grandpa’s things may be stashed away patiently waiting for you to discover them. Who knows, you might find a coin there, an old coin that – at today’s rate – may be worth a few dollars; probably three or four or five, even ten times what the coin was worth back then.
A penny a day, is worth okay
Fortunately or unfortunately, there was a shortage of copper during the year 1943 and all pennies made at that time were minted using steel. There were however, some Lincoln pennies that were incorrectly minted on bronze that turned out to be blanks. A few years – or decades later -these bronze pennies became a rarity and are valuable. The steel ones though, because of their commonality, are worth only between one to three dollars each.
Be aware and be wary as there are schemes where gullible coin collectors are sold coins that are copper plated in an attempt to make these pennies appear to be bronze. Also, keep your guard up anytime someone offers you a circa 1943 penny made out of a metallic white alloy.
Old coins are good coins
Coins, specifically the silver dollars made and circulated between the years 1878 and 1935, are worth between twelve dollars and twenty five dollars for the circulated coins. The coins that were not in circulation are worth considerably more.
Meantime, those quarters, dimes, or half dollar coins made and circulated prior to 1965, are usually made out of ninety percent silver and therefore worth as much as today’s silver (with an additional premium, albeit small, put on the coin’s face value).
Wrong pennies are right
There is a Lincoln penny issued in 1972 on which the date and the letters on it appear to have been doubled. This rare coin is currently worth about sixty dollars, assuming the pennies are in standard condition. The Philadelphia Mint during that time period accidentally misaligned the die used in minting the coins causing the portrait of Lincoln to look like it was doubled. Fortunately or unfortunately, eighty thousand of these were circulated before the error was discovered.
In summary, coin collecting is similar to collecting bits of history and trivia from the past. In addition to the face value its worth as a treasure – pennies, dimes and coins – often are worth more in the long run.
Coin collecting is a fun hobby that anyone who has the time can do. A coin’s history and its development can be learned by collecting them.
At one point in time, between 1838 and 1933, the United States issued gold coins for circulation. The Liberty Head bust was used as the design until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs until 1933 when the “Great Depression” started. This prompted the recall of the coins which makes it very rare to find any of them today.
The most valuable coin in the world is the 1933 Double Eagle. This was a $20 gold coin that was made in the 1800’s after the California gold rush. This coin was not allowed to be used in the 1930’s and when this coin was auctioned in 2002, it sold for nearly eight million dollars.
Since gold coins are hard to find, most collectors select other coins.
One type of collection you might consider is the one made up of coins that are flawed when the coin was minted. If you can find a coin with a misspelled word, a wrong date, off-center characteristics, or double-punched marks, these coins are valuable. Such mistakes can increase a coin’s value from $50 to a $1000.
Coins that were only issued or circulated for short period of time also make good collectibles.
A coin collection is at its best if it is focused on a certain coin or type of coin. A collector can choose from pennies, nickels, dimes, quarters, dollars, gold coins, or silver coins.
Another way of collecting is disregarding the types of coins but concentrating on a certain time period. Coins have different mint marks and collecting those that were struck in the same location can also be interesting. The important thing for hobbyists is to stick to the collection until it has been completed.
For a good start subscribe to a coin publication such as Coin World or Coinage Magazine for information on the types of coins that you might want to collect. The internet or a local coin shop can also help expand the search for those coins that can’t be found in your locale or out of state.
Building a coin collection will take a long time – months or even years. The United States has produced so many coins that it is hard to keep track of them. By deciding on the coin(s) you want to collect, the challenge to complete that collection begins.
For every numismatist or coin collector, finding a good place to store their coins is the most important thing in this world because storing their precious coins in a good and secure place will ensure that the quality and value of their coins is maintained…
There are many types of storage spaces that can help you by displaying and storing your coins. You can either use folders, holders, plastic tubes, or the album, but among these reliable storage spaces, the coin collecting albums are the best way to display the coins.
If you want to know why, here are some benefits of albums and you can evaluate the concept from there:
1. Two-way image viewing
With coin collecting albums, you can get more satisfaction viewing your collections because albums let you see both sides of your coins. You do not have to remove your coins every time you want to see the opposite side.
Therefore, albums give you the best of both worlds.
2. Better defense against instant wear
Another benefit of albums over folders and other coin storage is that it gives the coins better defense against harmful elements that will expedite the deterioration of the coins.
Albums are generally characterized by the use of plastic materials that serve as shield against scratches and environmental factors.
3. Good coin holder
Albums provide pockets for coin storage. The best thing about using a pocket is that even “dilapidated” coins or extremely worn coins are better protected.
Worn out coins, when placed in folders, have the infuriating tendency of falling out over and over again. With coin collecting albums they are kept intact.
4. Variation in prices
Albums that are used in coin collecting are usually priced from $20 to $40. Even though they can be expensive, they provide better storage for your most-prized treasures. Paying the price for an album is a great alternative to the other typical types of storage.
5. Information center
Coin collecting albums are great “information centers” as far as the hobby is concerned because most of the albums that are used in collecting coins have an inside front cover| that allows you to place important information regarding your collection. It also has a back cover that provides space for your “mintage figures.”
Coin collecting is easier and more pleasant with the help of these albums. It makes your treasures last longer, thus, establishing greater value in them.
Therefore, coin collecting albums are definitely the best “keepers” for your coins.
Today, there are thousands and thousands of people that are enjoying coin collecting and these numbers are continually growing, which is a welcome change from the situation that existed prior to 1999. In fact, ever since the mid sixties, coin collecting as an activity and hobby had been showing signs of decline because of the change in material from which US coins were being made.
Base Metals Replace Silver
When silver was replaced with base metals it became much harder to find suitable old coins and so the interest in coin collecting declined. However, the year 1999 saw the advent of the 50 State Quarters Program when the first State Quarters were issued that honored the US state of Delaware.
This 50 State Quarters Program reignited interest in coin collecting and it led to more people taking up coin collections as a serious hobby. However, the reasons why people become interested in coin collecting are as diverse and different as the coins themselves. People might want to collect coins on account of the fact that those coins were minted in the year that their children were born, or they might start collecting coins with a view to selling them off later when their value appreciates.
The best example of how coin collecting can prove to be a profitable exercise is exemplified in the case of one Louis E. Eliasberg Sr. whose collection of coins, after his death, fetched his heirs a whopping forty-four million dollars.
The best way to start the coin collecting activity is through making a beginning with date-and-mint coin collections. The Lincoln cent that is issued each year is an example of how to go about adding coins to your collection. Or, you might want to collect coins according to certain coin types and rather than collect coins from each year and according to mink-marks it might be a better idea to collect coins from a particular series as well as from a particular mint.
Mint error coins too make ideal coins that every one that is interested in coin collecting should think about including in their coin collections. To make coin collecting easier why not also make use of coin collecting software of which you will come across different types though each will help you with different aspects of coin collecting.
With a little bit of luck, you might even succeed in adding some very valuable and perhaps even rare coins to your collection and then you can reap a tidy profit by selling them off later when they are much in demand and when their value appreciates sufficiently to warrant selling them off.
The price of an antique item goes up if it is kept in good condition. By having it stored in a safe place, one can be sure that it will not be damaged by the elements or by negligence that will reduce its value in the market.
Coins are easy to take care off. For those who have been doing this for years, such collections are usually framed or under glass and are often seen in places such as a large museum. But to individuals who are just starting out, putting it in an old shoe box or jar will do.
Later, when the collection is larger, it is time to invest in a coin folder that would better protect and hold the coins. These folders can be bought in different sizes depending on the type of coins the individual is collecting. The coins can be stored in individual plastic pockets or in sheets that make up the album. They are available at the local coin store or can be ordered from the web. The advantage of using these is that they are handy to carry around make it easy for the person to show. These can be brought to exhibits and other venues where the coins can be traded, sold or exchanged with coins that other people may have.
Keeping the coins in mint condition does not only mean storing them in a folder. Whenever the person adds a new coin to the collection, it is ideal to first have it cleaned before putting it in with the others.
This can be done by taking it to a coin shop and paying for the services, or if you prefer to do it yourself, is by soaking it in a liquid such as vinegar, rubbing alcohol, lemon juice or ammonia which is sure to remove any dirt or encrustation that are present when it was acquired.
They should then be air-dried or patted dry with a soft cloth. It is not a good idea to rub or polish the coins since scratches can occur that may decrease its value in the market.
Serious coin collectors value the importance of storing these valuables in a safe and secure area. By investing in a coin folder, the person can be sure that the value of the coins will go up either when the demand calls for it or when there is a need to part with them.
Everybody knows that Gold is valuable. A lot of people recognize gold as a form of jewellery. However, gold can also take other forms. Gold can come in the form of bars or in the form of coins. Regardless of the country or region where you are, gold is treated as a commodity on its own. It is used as a trading tool at the international stock markets. This makes gold trading prices comparable to other good traded in the market globally. Gold trading price is measured in ounces, so a gold’s price can be measured by ounce.
Gold’s price is not a set price. It fluctuates all the time depending on the market trends. Gold trading prices can be found in news channels, newspapers, and even on business and trading websites. However, you should not expect to see an exact and same price that you through these mediums when you are dealing with a seller. Gold trading prices varies depending on what form it takes. Gold jewellery and gold coins require unique production so expect that these are more expensive than standard gold bars. Antique items made of gold can also have higher prices since they have inherent antique and gold value.
It is easy to find gold trading price per ounce today if you want to buy or sell some of the prized metal. But why is gold trading price and the gold itself important to investors? The answer to that is because the amount of gold globally is limited. Plus the fact that this precious metal cannot be reproduced and can only be discovered. This gives gold its stable value that is most of the time high.
The gold trading price per ounce is high as I write this. This can be attributed to one simple fact. All other financial investments that you invest in are very unstable; they reduce value at any given time. The more people who seek to have possession of gold, the higher the demand. So will the price of gold increase.
What are Your Options for Trading Gold?
A lot of investors are looking for different options for trading gold. Here are some gold options that you can use for buying gold.
A gold coin is perhaps the most popular way to purchase gold and buyers can actually take ownership of the gold coins. Gold coins are valued according to their weight, rarity, and type. If you choose this option you need to consider the security of these items since you will have the physical gold in your possession.
Gold bars are the traditional way to trade gold and can be purchased through banks, commodity brokers, and gold bullion dealers. These gold bars come in a variety of weight. The largest gold bars are the one preferred by traders and large companies who investment in large gold quantities.
Numerous options for buying gold online have appeared in recent years. For example, you can purchase gold on a regular basis depending on your budget. Opening a SilverSaver® account takes just 10 minutes. There is no paperwork to send, and as soon as your account is verified, you can schedule purchases to begin immediately.
Exchange traded funds (ETF’s) were developed back in 2003 as a way of trading and investing on gold without the hassle of storing the actual physical product. Gold exchange trade funds are traded on the major stock exchanges globally and provide traders an easy way of gaining exposure to the precious metal. I don’t recommend buying ETF’s or gold certificates, but prefer holding the physical metal.
Of course, you can also purchase stocks of mining companies. As the gold price raises the mining company’s profits also increase and the gains are passed on to the shareholder. Unless you are an experienced trader, I also don’t recommend this method for investing in gold since there are a lot of factors to consider when choosing a good mining company to invest in to.
It is important to consult with a qualified and highly trustworthy broker to determine the best gold trade option for you.
Coin collecting is said to be the “Hobby of the Kings.” Coin collecting is different from money hoarding. Collecting coins as an art form can be traced back to the 14th century. Today, people all over the world are collecting coins. Some collect it for their value, some just like the sheer fun that they get from getting their hands on different coins.
If one is interested in making coin collecting a hobby, he can very well do so. It is a hobby which does not require a certain skill and it can be done by almost everyone.
There are many different kinds of coin collectors. There are those who do it for fun, and others do in a more serious manner.
Informal coin collecting
Most coin collectors, especially the children, start out as informal coin collectors. They are laid-back collectors which do not have a specific goal in collecting coins. They might collect coins from different countries or from different time periods without any intention of being serious about it.
Inquisitive coin collecting
Once the informal coin collector starts noticing the details of the coins, he becomes an inquisitive coin collector. This kind of coin collector won’t bother much into spending money to get coins. He merely wants to appreciate the coins. Soon, he will start to put them in containers or albums.
Advanced coin collecting
An advanced coin collector will collect coins with a specific target in mind. He may want to collect coins from a certain nation, or a certain time period.
There are many tracks which coin collectors pursue when engaging in their hobby. Here are some of the ways one can use in collecting coins:
Coin collection according to nation
Many coin collectors would want to collect coins from a certain nation during a certain period of time. This kind of coin collection lets the collector travel the globe through the coins. People may want to collect coins from countries they had visited.
Historical coin collection
Another way of collecting coins is by taking in mind history. Many coin collectors engage in collecting coins during a certain period in history like wars or declarations of independence.
There are people who find collecting coins with errors exciting because these kinds of coins are rare nowadays.
There are many ways to collect coins and each way is as fun as the other. One must feel the hobby first before he decides whether to stick with it or not. Coin collecting can require certain amounts of money and the collector must be wise in engaging in such a hobby.