May
27
Coin Collecting Freeware?
Filed Under Hobbies & Crafts | Comments Off
Blue T asked:
I have been looking for a good coin collecting freeware program but instead I keep finding very expensive software programs or free thirty day trials. Do you know of any good freeware programs that I can download (preferably with pictures and not a demo)?
JERMAINE
I have been looking for a good coin collecting freeware program but instead I keep finding very expensive software programs or free thirty day trials. Do you know of any good freeware programs that I can download (preferably with pictures and not a demo)?
JERMAINE
May
26
Coin Collection Hobby - 2 Tips For Beginners
Filed Under Collecting | Comments Off
Abhishek Agarwal asked:
1. Coin Collection As A Hobby
There are so many hobbies to choose from, and coin collection is no exception – there are people who do this for enjoyment, but there are others who would like to get into it for profit. People with a long-term view know that although their coins may not seem valuable, it could fetch them a profit in time.
Some of the examples of profit making are stamps and baseball cards. Also, many people have made a vast amount of money on E-Bay where articles are auctioned and sold. Coin collecting is also an extremely profitable venture.
While starting out in your coin collection, you will need to decide the location and the period of the coins, as there are new coins that come in every year and also the older ones.
2. Using Reference Books And The Web
It is important to make a thorough research on the coins, as this will help the coin collector in deciding what he would like to buy. He will also be able to find out those who are in the business of selling coins.
A subscription to a Coinage Magazine or Coin World will also be useful – a coin shop in the locality will be able to guide you on the availability of antique coins away from your own State.
Another way that will enable you to build a network is joining a coin club as this will help you to exchange coins with other members.
Another important feature to bear in mind is that the older coins have more value because they were made of pure silver or gold, but with the increase in demand, they are now made of only 40% and 60% copper.
Once your collection is complete, you will need to store your coins in either an album or a good folder. This will keep it dust free and portable.
You will need to clean your coins carefully by using either rubbing alcohol, vinegar or even lemon juice. This will take away the dirt – after this you can use a soft cloth and dry them. Polishing the coins is not recommended as they may cause scratches and bring down the value.
Apart from being a hobby that could be purely for enjoyment, coin collecting can also be a lucrative business. The main thing is to choose the right period, make a study of coins on the Web or through magazines, join a club and maintain your coins by cleaning them and storing them so that they are not damaged in any way. By observing this, you are on your way to both enjoying your collection as well as making a profit out of them.
HARRY
1. Coin Collection As A Hobby
There are so many hobbies to choose from, and coin collection is no exception – there are people who do this for enjoyment, but there are others who would like to get into it for profit. People with a long-term view know that although their coins may not seem valuable, it could fetch them a profit in time.
Some of the examples of profit making are stamps and baseball cards. Also, many people have made a vast amount of money on E-Bay where articles are auctioned and sold. Coin collecting is also an extremely profitable venture.
While starting out in your coin collection, you will need to decide the location and the period of the coins, as there are new coins that come in every year and also the older ones.
2. Using Reference Books And The Web
It is important to make a thorough research on the coins, as this will help the coin collector in deciding what he would like to buy. He will also be able to find out those who are in the business of selling coins.
A subscription to a Coinage Magazine or Coin World will also be useful – a coin shop in the locality will be able to guide you on the availability of antique coins away from your own State.
Another way that will enable you to build a network is joining a coin club as this will help you to exchange coins with other members.
Another important feature to bear in mind is that the older coins have more value because they were made of pure silver or gold, but with the increase in demand, they are now made of only 40% and 60% copper.
Once your collection is complete, you will need to store your coins in either an album or a good folder. This will keep it dust free and portable.
You will need to clean your coins carefully by using either rubbing alcohol, vinegar or even lemon juice. This will take away the dirt – after this you can use a soft cloth and dry them. Polishing the coins is not recommended as they may cause scratches and bring down the value.
Apart from being a hobby that could be purely for enjoyment, coin collecting can also be a lucrative business. The main thing is to choose the right period, make a study of coins on the Web or through magazines, join a club and maintain your coins by cleaning them and storing them so that they are not damaged in any way. By observing this, you are on your way to both enjoying your collection as well as making a profit out of them.
HARRY
May
25
I saw a 2005 Marine Corps Coin On EBay.I am new at coin collecting and the price looked great.is this?
Filed Under Hobbies & Crafts | Comments Off
Whatup??? asked:
a good price on the coin. Starting bid 59.99.
a good price on the coin. Starting bid 59.99.
I see where PCGS has it listed MS70 at 500.00. Now this is a NGC graded coin and PCGS prices seem high but this looks like a good deal.
What bid should I put in as far as price goes???? I have the disposable cash but I don’t know what a good price is???
CLIFFORD
May
24
Coin Collecting Was Easier When I Was Younger
Filed Under Home And Family | Comments Off
Mike Taylor asked:
It’s unfortunate that today’s beginning coin collectors missed out on the experiences I had when I first began collecting coins. It was around 1970 and you could still find silver coins in change every now and then even though it had been six years since the US Mint started minting clad coins.
I would go to the local bank after school with ten bucks and get a couple rolls of dimes and go outside and look through them for silver coins for my meager collection. After doing this a few times I got to where I could tell a silver coin just by looking at the edges and I could go through a roll pretty quickly this way.
Many times it turned out to be a 1964-D which was almost a junk coin because they were so plentiful but every so often I would hit the jackpot and find a Mercury dime in pretty good shape. I would always replace the coins I took out with the same number of clad dimes since I was an honest person and would head back inside to exchange my rolls for two more.
In the beginning the tellers asked me why I was doing this and I think they might have thought that I was trying to make some money by short changing them but after telling them that I collected coins and that I made sure to replace any coins I took out they were very happy to help me and never bothered to count the rolls I turned in.
It always struck me as odd that someone would turn a Mercury dime into the bank because of how much they were worth but I guess it’s the same as the time I bought 10 silver dollars for ten dollars from a girl in my class. She didn’t care because she was just going to spend them anyway so I was very happy to buy them from her. Sadly, not being as smart as I am today I sold them to another collector a couple of days later for $11 thinking that a one dollar profit was good.
My dad also assisted me in my new hobby by having a bartender he knew save out any silver coins he got during the week. I would be able to buy these for face value but there were so many coins some weeks that I couldn’t buy them all. Oh, to have that problem now!
I can’t remember the last time I got a silver coin in change and even though I realize it’s been over 40 years since silver coins were minted it’s kind of sad that someone that is just beginning to collect coins has to buy many of the coins I used to get at face value.
Perhaps the state quarters that are so popular give the newcomer to coin collecting the same excitement I got when I was just beginning but in all honesty I have to tell you that I never really liked clad coins. In my opinion they do not come close to the beauty of the silver coins of the past that I fell in love with.
DALTON
It’s unfortunate that today’s beginning coin collectors missed out on the experiences I had when I first began collecting coins. It was around 1970 and you could still find silver coins in change every now and then even though it had been six years since the US Mint started minting clad coins.
I would go to the local bank after school with ten bucks and get a couple rolls of dimes and go outside and look through them for silver coins for my meager collection. After doing this a few times I got to where I could tell a silver coin just by looking at the edges and I could go through a roll pretty quickly this way.
Many times it turned out to be a 1964-D which was almost a junk coin because they were so plentiful but every so often I would hit the jackpot and find a Mercury dime in pretty good shape. I would always replace the coins I took out with the same number of clad dimes since I was an honest person and would head back inside to exchange my rolls for two more.
In the beginning the tellers asked me why I was doing this and I think they might have thought that I was trying to make some money by short changing them but after telling them that I collected coins and that I made sure to replace any coins I took out they were very happy to help me and never bothered to count the rolls I turned in.
It always struck me as odd that someone would turn a Mercury dime into the bank because of how much they were worth but I guess it’s the same as the time I bought 10 silver dollars for ten dollars from a girl in my class. She didn’t care because she was just going to spend them anyway so I was very happy to buy them from her. Sadly, not being as smart as I am today I sold them to another collector a couple of days later for $11 thinking that a one dollar profit was good.
My dad also assisted me in my new hobby by having a bartender he knew save out any silver coins he got during the week. I would be able to buy these for face value but there were so many coins some weeks that I couldn’t buy them all. Oh, to have that problem now!
I can’t remember the last time I got a silver coin in change and even though I realize it’s been over 40 years since silver coins were minted it’s kind of sad that someone that is just beginning to collect coins has to buy many of the coins I used to get at face value.
Perhaps the state quarters that are so popular give the newcomer to coin collecting the same excitement I got when I was just beginning but in all honesty I have to tell you that I never really liked clad coins. In my opinion they do not come close to the beauty of the silver coins of the past that I fell in love with.
DALTON
May
23
Why is there a category for bull fighting but not for coin collecting?
Filed Under Yahoo! Answers | Comments Off
Kim K asked:
Why is there a category for bull fighting but not for coin collecting?
CLARK
Why is there a category for bull fighting but not for coin collecting?
CLARK
May
23
Goil Coin Collecting - Old Is Gold Indeed!
Filed Under Collecting | Comments Off
Abhishek Agarwal asked:
Coin collecting is an activity that goes back to the time when coins were issued for the first time in trade. Only during the middle ages did people turn it into a hobby due to the historical significance and art work it provided.
Today, coin collecting is a hobby that lots of people enjoy. A collection of gold coins is perhaps the most expensive and precious collections that a person can have. The costliest gold coin that was ever bought cost around 8 million dollars. It was called the American 1933 Gold Eagle. It is evident why the hobby of collecting gold coins is referred to as the king’s hobby.
One of the earliest money forms were gold coins. Silver coins followed these. From 1838 to 1933, gold coins had been circulating in the States. The initial design was the bust of the Liberty Head. After this, the design changed to Saint Gaudens motifs and the Indian Head, which was used until the year 1933. This was followed by the Great Depression, which resulted in the recall of the gold coins, which is why it is difficult to find them today.
As these are not in circulation anymore, the price of these commodities are very high. Today, gold is used for various other items like jewellery and bars. People retain these as an investment.
The first gold coin that South Africa minted was called the Krugerrand in the year 1967. The coin stands mostly as a symbol and has no real face value. It is made up of an ounce of gold and it is usually purchased for the purpose of investment.
After this, many other countries started minting bullion coins. In 1970, Canada produced the Gold Maple Leaf and in 1981, Australia the Nugget. These coins boast of a 24 carat purity and so are far more popular than their South African counterpart.
Today, there is an increasing number of people who are investing in gold as there is a speculation that this demand will cause an increase in the market value. There are still others who prefer to use gold as an insurance in case their financial situation worsens. At one point of time, with the increase in paper money, the value of gold increased and this kept a balance between the value of money and gold. This standard came to an end in the year 1971, after which the government could produce more paper money without the subsequent increase in price of the gold.
As there is no place where gold coins are used for purchase of merchandise, coin collectors prefer to collect them to remember the time when it was once used.
ISMAEL
Coin collecting is an activity that goes back to the time when coins were issued for the first time in trade. Only during the middle ages did people turn it into a hobby due to the historical significance and art work it provided.
Today, coin collecting is a hobby that lots of people enjoy. A collection of gold coins is perhaps the most expensive and precious collections that a person can have. The costliest gold coin that was ever bought cost around 8 million dollars. It was called the American 1933 Gold Eagle. It is evident why the hobby of collecting gold coins is referred to as the king’s hobby.
One of the earliest money forms were gold coins. Silver coins followed these. From 1838 to 1933, gold coins had been circulating in the States. The initial design was the bust of the Liberty Head. After this, the design changed to Saint Gaudens motifs and the Indian Head, which was used until the year 1933. This was followed by the Great Depression, which resulted in the recall of the gold coins, which is why it is difficult to find them today.
As these are not in circulation anymore, the price of these commodities are very high. Today, gold is used for various other items like jewellery and bars. People retain these as an investment.
The first gold coin that South Africa minted was called the Krugerrand in the year 1967. The coin stands mostly as a symbol and has no real face value. It is made up of an ounce of gold and it is usually purchased for the purpose of investment.
After this, many other countries started minting bullion coins. In 1970, Canada produced the Gold Maple Leaf and in 1981, Australia the Nugget. These coins boast of a 24 carat purity and so are far more popular than their South African counterpart.
Today, there is an increasing number of people who are investing in gold as there is a speculation that this demand will cause an increase in the market value. There are still others who prefer to use gold as an insurance in case their financial situation worsens. At one point of time, with the increase in paper money, the value of gold increased and this kept a balance between the value of money and gold. This standard came to an end in the year 1971, after which the government could produce more paper money without the subsequent increase in price of the gold.
As there is no place where gold coins are used for purchase of merchandise, coin collectors prefer to collect them to remember the time when it was once used.
ISMAEL
May
22
how do you remove the scotch tape from pennies in a coin collecting folder?
Filed Under Hobbies & Crafts | Comments Off
D T asked:
Not the tape but the debri that has formed under the tape from contact with the pennies.
KEVIN
Not the tape but the debri that has formed under the tape from contact with the pennies.
KEVIN
May
20
I’ve started coin collecting but don’t understand standards?
Filed Under Other - Society & Culture | Comments Off
vail2073 asked:
I started coin collecting by purchasing the yearly silver proof coins from the mint. Mostly, the last 7 years. I don’t understand what the difference is between clad, proof, mint coins are. Any advice or words of wisdom is much appreciated.
TRENTON
I started coin collecting by purchasing the yearly silver proof coins from the mint. Mostly, the last 7 years. I don’t understand what the difference is between clad, proof, mint coins are. Any advice or words of wisdom is much appreciated.
TRENTON
May
20
In coin collecting, does cleaning a coin with only a dry, clean cotton cloth decrease it’s value?
Filed Under Hobbies & Crafts | Comments Off
Mark B asked:
I bought a set of Kennedy half dollars from 1964 thru 1986 off e-bay for a good price, but was dissappointed to see that the coins and the Dansco album they were in were covered with some kind of “crud.” I’m not sure how to describe it. This album has obviously not been cared for in about 25 years. The seller has no scruples and will not make good on his sale, so I want to salvage it by cleaning off the coins with a plain cotton t-shirt and putting them in a new Dansco album. I cleaned off one proof coin and it looks the way a proof coin is supposed to look. If I can do so without decreasing the value, I’d like to clean off all the coins and put them in a new Dansco album. Is wiping a coin clean with a dry cotton cloth (with no cleaning agent) okay by the customs of coin collecting ?
Thanks
ELLIOTT
I bought a set of Kennedy half dollars from 1964 thru 1986 off e-bay for a good price, but was dissappointed to see that the coins and the Dansco album they were in were covered with some kind of “crud.” I’m not sure how to describe it. This album has obviously not been cared for in about 25 years. The seller has no scruples and will not make good on his sale, so I want to salvage it by cleaning off the coins with a plain cotton t-shirt and putting them in a new Dansco album. I cleaned off one proof coin and it looks the way a proof coin is supposed to look. If I can do so without decreasing the value, I’d like to clean off all the coins and put them in a new Dansco album. Is wiping a coin clean with a dry cotton cloth (with no cleaning agent) okay by the customs of coin collecting ?
Thanks
ELLIOTT
May
19
Coin Collecting Kits - Tips To Obtain A Good Kit
Filed Under Collecting | Comments Off
Abhishek Agarwal asked:
Some Basic Necessities For Your Coin Collecting Kit
Coin collecting involves a whole lot more than just possessing coins as a hobby. It is a more elaborate process and you will need a good kit for developing this hobby in order to make it profitable and organized.
Essential Tools For Your Kit
Professional coin collectors need to make use of Coin Guides, which are not only for beginners, but need to be used by experienced coin collectors as well.
These Guides inform you of the procedure in starting your collection and how to continue it.
It will also give you all the necessary information on coins as each coin is different in regard to pricing and value.
It is always best to glean as much information as you can from the Guide, otherwise you may not make correct decisions due to lack of knowledge.
It is absolutely necessary to record and list everything in your collection. This way you have a record of each item and its worth in terms of value, cost and the year. That is why a Coin Inventory Record is a must as it organizes the collection and you can get all the information at once.
Here again there are options to choose from while recording – you could do it manually on paper or use a software.
Another important tool to invest in is a Coin Container. This will protect your coins. Chemicals like sulfur in paper and PVC in plastic are not good in the long run for storing purposes.
In order to keep the temperature at an even keel you could use Silica Gel packets.
While grading coins, Magnifying Glasses are essential – a 7x magnification is right, but you could also use anything between 4x to10x. The Magnifying glass helps in detecting flaws and scratches, which cannot be seen ordinarily, but for coin collectors it is absolutely essential to determine the authenticity and value of the coins.
A good lamp is essential and needs to be kept about half a meter from your working area. A halogen lamp would fit the bill or a 75 watt light would also do, but lighting is extremely essential when you are spending time with your coin collection.
A professional coin collector knows that his coins need to be handled with care with no finger marks on them. For this purpose, he will get either velvet pads or surgical gloves to prevent marks on the coins, as he knows that the coins value will depreciate.
These are the basics for your coin collecting kit – you may want to take it further and get some more things to keep your coins in top condition, but with these basics, you are on your way to taking care of and enjoying your collection.
ALEX
Some Basic Necessities For Your Coin Collecting Kit
Coin collecting involves a whole lot more than just possessing coins as a hobby. It is a more elaborate process and you will need a good kit for developing this hobby in order to make it profitable and organized.
Essential Tools For Your Kit
Professional coin collectors need to make use of Coin Guides, which are not only for beginners, but need to be used by experienced coin collectors as well.
These Guides inform you of the procedure in starting your collection and how to continue it.
It will also give you all the necessary information on coins as each coin is different in regard to pricing and value.
It is always best to glean as much information as you can from the Guide, otherwise you may not make correct decisions due to lack of knowledge.
It is absolutely necessary to record and list everything in your collection. This way you have a record of each item and its worth in terms of value, cost and the year. That is why a Coin Inventory Record is a must as it organizes the collection and you can get all the information at once.
Here again there are options to choose from while recording – you could do it manually on paper or use a software.
Another important tool to invest in is a Coin Container. This will protect your coins. Chemicals like sulfur in paper and PVC in plastic are not good in the long run for storing purposes.
In order to keep the temperature at an even keel you could use Silica Gel packets.
While grading coins, Magnifying Glasses are essential – a 7x magnification is right, but you could also use anything between 4x to10x. The Magnifying glass helps in detecting flaws and scratches, which cannot be seen ordinarily, but for coin collectors it is absolutely essential to determine the authenticity and value of the coins.
A good lamp is essential and needs to be kept about half a meter from your working area. A halogen lamp would fit the bill or a 75 watt light would also do, but lighting is extremely essential when you are spending time with your coin collection.
A professional coin collector knows that his coins need to be handled with care with no finger marks on them. For this purpose, he will get either velvet pads or surgical gloves to prevent marks on the coins, as he knows that the coins value will depreciate.
These are the basics for your coin collecting kit – you may want to take it further and get some more things to keep your coins in top condition, but with these basics, you are on your way to taking care of and enjoying your collection.
ALEX