coin collections

Picking Silver Dollars For Your Coin Collection

seated_liberty_dollarPicking silver dollars for your coin collection can be a time consuming process. You have to find a place that sells silver dollars and then you have to painstakingly browse through the available coins that they might have. It is possible that the one silver dollar you need to finish off your coin collection might be difficult to find or be extremely expensive.

peace_dollarThere are other great ways to find silver dollars for your coin collection though. Try browsing through the coins that might be available on an internet auction site like eBay. Instead of being limited to just the coins that one particular store has, look through a whole bunch of coins. Maybe you will be able to locate the one that you need at a reasonable price.

Make sure to pay special attention to items that you do buy online. Pictures can be deceiving and you do not want to be disappointed when your silver dollar arrives for your coin collection.

Reasons To Add Silver Dollars To Your Coin Collection

morgan-dollar
One great reason to collect silver dollar coins is because they can be worth a great deal of money. The price of silver has gone up quite a bit which has directly affected the cost of silver coins. As the price of silver continues to go up the value of the coins that you have will appreciate over time.

Another great thing about collecting silver dollar coins is that they always have a value. You can always buy something else with the silver dollar in your collection whereas you can’t simply walk into a store and buy a pack of gum with an action figure that you have been collecting.

silver-american-eagleSilver dollar coin collections are great to pass down through generations. Start collecting all of the silver dollars that you can get and then pass it on to your child. They can add more coins to the collection including the most recent coins as well. Eventually someone is going to have a pretty impressive collection of silver dollar coins that is going to be worth a great deal of money.

Whether you are collecting gold coins or silver, it is fun. Watching your collection grow over time can be extremely satisfying. While it might be tedious to get started with a silver dollar coin collection over time you will grow to love it. Looking at the little details of the silver dollars will be fun instead of a strain on your eyes.

Your Own Coin Collecting Kit


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

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

1. Coin Guides

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

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

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

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

2. Coin Inventory Record

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

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

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

3. Coin Containers

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

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

4. Silica Gel

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

5. Magnifying Glass

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

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

6. Lamp

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

7. Handling equipment

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

Now your basic coin collecting kit is complete. Enjoy!

Coin Collecting: Is This Hobby Right for You?

Today, you will see people having different kinds of hobbies. Some loves to collect doll houses, others love stamp collecting, there are also some who likes collecting different species of butterflies and preserve them, and some people likes to collect toys. However, if you really want a valuable collection, and a collection that will be worth a lot in the near future as well as a hobby that will truly provide you with great satisfaction, then you might want to start a coin collections hobby.

Coin collecting is a hobby that has existed for centuries. Here, you will not only get a piece of history from different countries, but you will also have a chance to invest in a really valuable hobby.

Coin collecting is a multi billion dollar industry. In fact, a single rare coin can amount to as much as a million dollars. If you love history, then coin collecting is definitely a must.

The great thing about coin collecting is that it’s not just a hobby, but also an investment. You have to consider that coin collectors such as yourself travel all over the world in order to participate in forums or events that involves this one of a kind hobby. In fact, some people bid thousands of dollars in auctions for a coin that was worth a single cent during its first release.

As you can see, a coin collection can definitely be a very lucrative investment especially if you have a rare coin in your hands. You have to remember that although coins are currencies, it does appreciate in value especially if the coin is very rare and is not being produced anymore.

For example, try imagining getting a hold of a rare coin that dates back to the Ming Dynasty in ancient China? You can definitely imagine how much this kind of coin is worth nowadays. Even if the coin was worth 5 cents during the time it was first used, you have to consider that this coin will definitely appreciate in value because of its historic significance, its rarity and its age.

There are many ways to start your collection.

First, you have to decide what kind of coins you want to collect. If you want to collect World War II coins, then you can do so. Or, maybe you want to try collecting rare ancient Roman coins? This may be very expensive but is also an investment that will be worth a lot in the future.

If you are just starting out, you may want to try collecting different kinds of coins from different countries. Ask your friends who have traveled abroad before to hand you some coins they have from the countries they traveled to before.

This is relatively a cheap way to start your collection.

Once you get the hang of it, then you will opt for rarer coins that can be worth a lot of money. In time, you will be able to see that your coin collection will grow from collection of coins from different counties, to a collection of rare coins that is worth thousands of dollars a piece.

As you can see, coin collections are not just a fun hobby to have, but it is also an investment. With a coin collection, you will be able to have something to do in your spare time as well as invest in something that will be worth a lot in the future.

Essential Supplies in Coin Collecting


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:

Gloves

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.

Coin tweezers

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.

Magnifying glass

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.

Cleaning materials

A mild soap and a soft high-integrity fiber cloth can be used in cleaning coins.

Mats

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.

Boards

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.

Envelopes

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.

Coin Collections and State Quarters

Coin collections are getting more and more popular these days. A lot of people are already into collecting coins. You see, this hobby is interesting and can be considered an excellent pastime. If you want to start your very own coin collection and you have no idea where to begin, you should check out the State Quarters.

What are State Quarters all about?
Back in 1997, an act was approved and it was called Fifty State Quarter Program. The program started in that same year and run through 2008. The Act is quite popular and in fact, it is the most well-known minted series of coins in the US Mint history.

In 1998, five state quarters were released and it continued for a period of ten years. Every 10 weeks, a quarter was released.

The program also devised a new and unique method of issuing coins – the state quarters were issued based on the year they became part of the US. The state quarters are minted and you can see George Washington’s image at the obverse or front side while on the reverse or back side, you will find a noteworthy design about the specific state.

The program ended in 2008 and after that, the coins were again designed normally, with the reverse side having an eagle design.

Don’t you think collecting these coins is worthy?

You will find it harder to obtain the coins now the program is over because the coins will be considered collectors items and it will be a bit costly on your part.

So, what makes these minted coins different?

Each state chose a unique design which is of great importance to it and the current governor of the state determined the process of selection. Some of the states designated a certain design committee while other states held contests among the residents who came up with a significant and unique design. Some states posted various designs of the coin in their official site and the residents simply placed online votes and the coin that gets the highest votes win.

The coins are greatly in demand and besides, these coins will not be minted ever again. The price of these state quarters will naturally increase as years pass and currently, some of the older state coins amounts to $1 each or even more depending on its condition. Some coin collectors are also into ‘error coins’ collection and these flawed coins can cost more or less $500 each.

The program of State Quarters definitely gained extreme popularity in the US and some people were into some sort of business revolving on the said minted coins. Coin holders are popular and coin collectors can purchase them so that they can keep their collections in an attractive holder.

Youngsters and old alike can now start collecting coins through the State Quarters. If you want, you can inquire at your local state office and see if the coins are still available.

Choosing the Coin Fit for Your Collection

A collector would choose certain specifications when it comes to his coin collections. If a coin collector is new in the business, it is perhaps best to start at the very beginning.  You will probably start your collection based on your preference. Are you the silver, bronze, or gold type of person? How old do you like your coin to be? In what period?

Best advice: start with what interests you. Then collect it by the following:

Date or Period of Time

ancient gold coinCoin collectors who see their collection as an investment would probably prefer coins that are older than their grandfathers. The more ancient the coin, the better. Aside from being centuries old, there are also Revolutionary coins and those that came from another time in history. Some people would start by building up decades of coin that are in Mint condition.

Country

If you have decided to collect any kind of coin for as long as it came from different countries worldwide, that would be tiring but exciting. And it can cost you a lot. So things wouldn’t be exhausting, you could start off by collecting coins of your own country. After that, if you have enough funds, you could drop by a coin shop and ask if there are any coins from outside the country.

Metal

If you’re a beginner, you might not want to start collecting silver or gold coins for these are the kinds of coins that can be quite expensive. Better settle with the lower metal levels first. Not unless money is not a problem. Usually, the concern on what kind of metal to choose belongs to the more professional collector.

By this time you may already have an idea on where to start. As time passes, you will become more interested and selective of the types of coins that fits your album. You will develop areas that you may not find in other collectors.

You still need to know some specifications about the kinds of coins that you will collect.

Details

You have seen an ordinary coin, its features wouldn’t be different from the old one because typically, new coins are just patterned from old coins. You have to inspect if the writing on the coin is still clear. A coin wherein the smallest details, like feathers or robe folds, are completely worn away is of little value.

Toning

Means discoloration or tarnishing, toning can increase the coin’s value. Believe it or not, if a blue tone is present on a silver coin, it can be very desirable. Toning has an effect on a coin’s details for it can accent its faded features. For as long as the tone of the coin wouldn’t turn out uneven, there’s no reason to reject it.

Wear n’ tear

If you have been in coin shops that are offering bargain coins, it might be because it has seen a lot of circulation and the market has already rejected it. You will notice certain kinds of scratches an even scarring that is caused by chemicals. Scratches can be acceptable but scarring is a no-no. Chemical scarring can be related to corrosion, pits, etc. As much as possible, make your coin collections spotless.

Steps to Take in How to Sell Your Coin Collection

There are several steps that must be taken in figuring out how to sell a coin collection. There are many auction websites that allow individuals to more easily sell a coin collection online, although there are other ways in which an individual can sell a collection in more traditional methods. If you have been working on a coin collection for years then you will be thoroughly versed in the value of the different coins in the collection so that you will not have to do as much research to find a buyer. In addition, as a collector of coins, you will also be more informed about the different buyers on the market, having probably bought and sold to them during the course of collecting the coins over the years.

First Steps

For those who have not been a coin collector for years, how to sell a coin collection can be a very daunting task. Often a coin collection is inherited leaving the individual seeking information on how to sell a coin collection. Unfortunately, there is not an easy method of selling it unless the individual has a trusted individual that is knowledgeable in coin collections and can take care of the process for him. Otherwise, the individual must do a lot of homework to find just the right person or company to buy the coin collection.

One of the first steps in how to sell a coin collection is to determine what coins are in the collection and what they are each worth. Sometimes the coin collection will contain only one type of coin, some of which are not worth much in themselves but are worth something when in a multitude. With this situation, the individual will not want to spend all of his time counting thousands of coins. The solution is to find out what the coins weigh and then find a scale on which the coins can be accurately weighed to determine the amount that there are in the pile.

If there is more of a variety in the coins, then the individual must use books and experts to determine the types of coins in the collection and what their possible worth might be. This is one of the hardest parts for a novice in how to sell a coin collection since they are not familiar with the coins and will not be as able to determine if the coin is in mint condition or if it has flaws that are barely visible to the naked eye.

When is the Perfect Time to Sell Coins

When is the perfect time to sell coins? This may be a dumb question if asked of a coin collector however timing really does make a difference. There are times when a collector wakes up in the morning and suddenly makes a decision to sell his precious collection of coins. There are also times that a collector needs to give up his coin collections due for personal reasons and the idea of selling his precious coins may be the most difficult part. No matter what the reasons are, it is a fact that this does occur in the life of a coin collector.

There are many reasons why coin collectors sell their coins – there are coin collectors who are dealers as well. Selling coins is their option and they may use it to generate income so that they can acquire other coins that they like.

Some collectors travel in search of a coin they want and during that travel, they may encounter coins that may not be qualified for their own collection but they buy them anyway. Upon returning home, they sell the coins they have purchased and make use of the money to buy the coins they are looking for.

There are also coin collectors who gather coins not just as their hobbies; these coin collectors use the coins as their source of income. They make a living from selling the coins that they collect. Sometimes they sell the coins to other collectors and price them higher than the usual price of the coins and this is appropriate if the collector owns limited edition or rare coins.

On the other hand, some collectors sell their coins because of other factors. They may sell coins because of personal reasons. Collectors sometimes decide to “give away” their collection because they no longer have any option but sell their coins. This is the most difficult situation for coin collectors as they often value their coins and as much as possible would not want to give them away – the coins may be memorabilia or may have sentimental value to the collector.

Once a collector has decided to sell his coins, he must consider if it is really the right time to sell the coins. Is the collector ready to give away his coins? Is the coin at higher price now? Will it do well and will he benefit from selling his coins? These factors should always be considered.

There are other options available to determine where a coin collector could sell his coins. He may want to sell the coins at auctions. Many people now prefer the option of putting their belongings up for auction and this is not limited to coin collections.

There is also a higher chance of having the coin sold at a higher price since auctions include bidding processes. Buyers may bid for a higher price especially if the coin being sold is of rare quality and has a higher value.

A collector may also want to put up a website to advertise the coins that he would like to sell. The Internet is the easiest way for collectors to search for coins. In addition, putting the coin on the Internet will make the selling an easier task. The collector may put up his own website and place the pictures of his coins and some brief descriptions on it. He should also note how much he is willing sell them for.

There are other options too: the seller may want to do a dealer-to-dealer negotiation. He can go directly to coin dealers and sell his coins. The dealers then can sell the coins that they purchased to other dealers.

It is important to compare prices between one dealer and another as there is always a chance that one dealer may buy the coins at a higher price than other dealer. It is wise to shop for dealers and then decide which you one you want to deal with.

It is also recommended that collectors who decide to sell their coins use a coin grading service. It is very important so that the seller not end up a loser when he sells his coins. By using a grading service, the seller will be able to set a price that is based on the assessment made by the grading service who will determine the actual value of the coins.

Most importantly, coin collector should not clean their coins once they have decided to sell them. If they do, the value of the coins will depreciate.

Choosing to Sell a Coin Collection

For those who have been in the coin collecting business for some time, selling a coin collection is as natural as breathing, since they have been a buyer for many years. However, there are some individuals that have come into the possession of a coin collection that do not know how to sell a coin collection they want to get rid of. There are many different people and dealers that are in the market for prime coin collections so that it is fairly easy to find a buyer if certain steps are taken to prepare the collection for sale.

Steps to Take

There are several steps that need to be taken in selling a coin collection, which take time and effort that not everyone is willing to take, especially if the collection is inherited. The first step is to become informed of the value of the different coins in the collection. There are many books that contain this information, but it does take time to identify the different coins and determine what their worth is on the market today. A good Internet source for locating U.S. coin values is coinflation.com. In addition, there might by hundreds of coins that are not worth very much but need to be sold. These books tell how much these coins weigh so that the individual can weigh them instead of count that multitude of coins in figuring out what the coin collection is worth.

The next step is to do more homework, this time on the background of the different dealers that are on the market today that buy coin collections. Some of these dealers are affiliated with a professional organization, such as the Better Business Bureau so that the individual knows that they are legitimate buyers. There are some independent coin collectors that will buy coin collections. It is important to talk to these individuals beforehand to try and screen them for which ones are serious collectors and legitimate rather than a scam artist.

After that, the coin collection should be offered for bids by the different buyers. Not surprisingly, there are some buyers who do not want the coin collection from the person trying to sell their coin collection. There are many different reasons for this, such as the types of coins in the collection, and many dealers are very particular about what collections they invest in. Individuals trying to sell their coin collection should not give up, however, but should pursue other buyers until they have several bids and can decide to close the deal.

A Few Dollar Coins Worth Adding To Your Coin Collection

There are so many options available to you with dollar coin collecting that you would be hard pressed to identify the better dollar coins that are worth collecting.

Early Silver Dollars were minted to replace the Spanish Eight Reales and Spanish Milled Dollar coins that were freely circulating in the newly-formed United States. These large, heavy silver coins were in great demand in the early days of our nation and supply could barely match the demand.

The Flowing Hair Dollar was made in only the second year after the start of US Mint operations and was available in limited numbers with them being produced only for a couple of years with only about 162,000 coins in all. It was later replaced with the Bust Dollar that was minted in the middle of 1795. However, the Flowing Hair dollar is much sought after and its value is very, very high. The first struck 1794 Silver Dollar is currently valued at $10 million dollars.

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