James Pswarai asked:


At a young age many parents teach their children different things, for example a parent may teach their son about cars and how they work and if that child enjoys what they learn then in the future they may well become a mechanic or even a car manufacturer. A hobby that keeps a child’s attention is coin collecting and in this article I will explain how you can start a coin collection for your child.

Starting a coin collection is very easy, all you need to do is open your child’s piggybank and go through it with them examining the coins. This can be a very good time to bond and also a good time to teach your child a bit of history because coins were made in different years and will make your child’s interest in coin collecting grow.

Coin collecting can become a good hobby for a child as it can be interesting. As mentioned before the child will learn history behind coins and also actual history, for example did you know that there was a shortage of copper during the year 1943 and all pennies instead of being made by copper were minted using steel? This is just one thing your child can learn about coins and history.

The coins that your child collects should be separate from other coins so consider buying a folder especially when the coin collection starts to grow. The folder can also be taken to school for “show and tell” and this will not only impress the other children but also the teacher because your child will know history behind the coins and also because he is responsible for the collection not you as the parent.

As you can see coin collecting can be a fun hobby for kids. It is interesting, educational and can teach your child vast amounts of responsibility for their collection.



JONATHAN

john asked:


3 questions….

i have a huge collection from my great grandfather that i recently received. .
he has a lot of pre 1900 coins in a pcgs plastic thing? looks like random coins

NUMBER ONE what is pcgs?
NUMBER 2 if there is a 1878 doll what other coins should i get for that yr should i try for every coin of every yr or do some coins mean nothing?
NUMBER 3 if i want to continue the collection and add coins from the mid to late 1900 and 2000’s do i buy proof sets with the mirror finish or do i buy mint coins that never made it to circulation i would think a proof is something i would by my kid @ birth and not so much for investing am i wrong?

KENNY

Abhishek Agarwal asked:


Collecting coins is a passion enjoyed by many. Some do it for fun and others do it to gain something out of it. But in the end of the day there’s a valid reason behind coin collecting. If an individual has taken coin collection as an activity to gain something out of it, he is known as a numismatist. He should certainly understand the values that he can be obtained out of coin collection.

Any collector should comprehend the significance of the coins they collect and about the value they possess. A person whose hobby is coin collection needn’t worry to know the value of what he possesses but a numismatist should be well-versed in what he does as it deals with making money.

A collector of coins can not make money if his coins are not in a proper condition as the buyer will not buy it unless the coin is in a good state. Therefore, as a numismatist it’s essential to pay proper attention to the essential quality of the coin.

There are various measures a numismatist should acquire as many coins may not be of great value now, but definitely of value in the years to come. So adequate measures should be taken for proper storage and numismatists should always keep in mind the profit that they will gain in the future.

As mentioned before, the value and the quality of coins play an important part while selling. That being the case, there are many numismatists with hopes of making fortune, buy coins to add to their collection. Many turn to experts who are dealers in coin collection and online auction websites. Irrespective of how numismatic coins are bought, the significance of quality and condition can’t be emphasized enough.

It is essential to examine the quality of the coin because the condition and value are equally important. The value of a coin which is in a bad condition decreases when they are compared to other coins which are in good shape. It is essential to look into this aspect while purchasing a coin, as nobody would like to pay the complete prize value for a coin which is in a bad condition. A numismatist that has ideas of selling his coins later for profit making needs to keep in mind that lesser the money spent on a coin collection’s maintenance, larger the profits will be.

In order to know about the conditions and values of various coins, one must know how to go about it. For beginners there are various sources, namely books and websites through which coin collection can be learnt. These sources help us to learn and also to examine the quality of the coins collected. This involves using many coin dealers who are experts in examining the quality of the coins. Once you learn to put an estimate on your collection it adds a new thrill to the hobby.



AVERY

Abhishek Agarwal asked:


Coin collection is a hobby which has been going for ages. Many of the common accumulators in the cosmos were Louis 14 and the Louis the Great. To keep trail of coins in our collection or to supervise the rate of uncommon coins in the marketplace, it pays to possess coin collection software system.

There are a lot of reasons how coins became collectible. Some are treasured because of the art and the others because of some events in the history like the war or the Great Depression. Whatever might be the reason, coin collection software can update an individual about these kinds prior to any kind of action.

Some inventory broadcasts contain a comprehensive database of much more than 10K coins globally. The software system admits the user to skim pictures in a person’s accumulation and is programmed in its database.

All others only possess a database of all coins that the U.S. minted. The program admits the user to choose the coin and render various accounts about them.

Coin collection software is to help one organize and catalogue the coins of one’s ownership. Some sites charge an amount to buy the software system but most of it may be downloaded free of charge from the net. The program would work till the computer used is very much compatible with it.

There are numerous numismatologists that accumulate coins which are still circulated than people who see only for the uncommon ones. The survey of it is interesting as a person can study the history of a country based on some coins. Naturally, this may only happen if an individual has time to practice it.

Numismatology software has shown people a very easy way to keep record of coins which they pursue. Rather than opening infinite folders that possess various coins in them, an individual can barely type a couple of words and the data will be seen right on the monitor screen. This makes it much easier for the accumulator to reveal his accumulation a potential customer with the trust of interchanging it for a different coin of same or bigger rate.

The ideal coin collecting software system should possess good search potentiality, limitless entries and other extra features. By watching the different programs and trying a few, the person can find the correct one needed. Before getting it, the individual should have scanned it first as the software system might contain a computer virus which may harm the computer.



KEVIN

Tom Lindstrom asked:


After learning the basics of coin collecting, you are probably going to become interested in coin collecting values.  A coin set can be a great investment as they can skyrocket in prices if the supply and demand is there.  While there are several ways to determine the value of a set, one method is by looking at the grade of your coins.

The grade of a coin refers to the condition it is in.  The main objective behind grading is to determine whether the coin is in mintstate or if it is circulated.  Mintstate means the coin is new while circulated refers to a used coin.  The ideal coin is perfect mintstate as you will certainly get the top coin collecting values at this state.

There are a few ways that you can grade a coin.  The first is by looking at the quality of the coin die and any striking characteristics.  The strike refers to the process of stamping a design and it can either be strong or weak.  Typically this will depend on how the coin was designed.

The second thing to look at when grading a coin is the condition and characteristics of the planchet.  This will help you determine whether a coin is uncirculated or not.  A mintstate coin will not have any wear whatsoever. 

The last thing to look at is the amount of wear and damage on the overall eye appeal of the coin.  For the best coin collecting values you want there to be little damage at all.  Most collectors agree that a strong coin either has a good eye appeal or not.

When looking at the different coin collecting values you obviously want to have the most perfect mintstate coin as possible.  A perfect coin will have an attractive sharp strike and original luster of the highest quality.  There will be no contact marks and absolutely no visible hairlines, scuff marks or defects. 

As you go down the list little details can degrade the value of the coin.  Things like a few light scattered contact marks or flaws, a couple of small hairlines, or average luster can make a coin drop in value.  A typical mintstate coin is going to be the bottom with an unattractive and dull luster, many contact marks or damage spots, and a heavy concentration of hairlines. 

There are several things you want to look at when determining coin collecting values.  Pay close attention to contact marks, hairlines, luster, and any scuff marks.  If your coin is in perfect mintstate it will have the highest value of any other coin.



GALE

don asked:


First off does a metal detector get triggered with useless regular coins like quarters or will i be able to get a response from more precious metals?

I work at a bank an instead of taking all the rolled coin apart to see if there is silver id rather have something quiet and hand held that i could check quickly. Is there such a device?

WALTER

Kaushalya Damitha asked:


Ok i have been collecting coins for past 8 or 9 years. my grand father ( who is very old ) decided to give me his collection. i start to make a log of them. and finished about half now i have a prob
their are some coins form middle east and i can’t understand a dam thing on them ( some of them don’t even have a single English letter on them )

could some one help me translate them ?

i have come thing like 50 coins

BRUCE

amanda h asked:


i have a 1822 one cent coin that my grandpa found years ago while digging can anyone tell me if its worth anything or how do i find out if it is ???????

MURRAY

dodohunsor asked:


My mom doesn’t want me to spend too much money on this new hobbie. What kinds of coins can I collect that are cheap but could be worth alot later. I’m thinking of collecting buffalo coins or morgan dollars.

EMMANUEL

holbrook asked:


can someone please tell me what this is worth?
Indian head nickel
“e” Series
1936 gold encrusted (i think)

CLAUDE