coin collecting
Muna wa Wanjiru asked:


Along with collecting coins, if you’re really serious and interested in coin collecting, then one of the first things you’ll want to do even before going on a buying spree is to buy yourself reference aids on coin collecting.

I know, I know. You want to collect coins, not spend your time reading reference aids on coin collecting. But it really can help you in the long run and besides knowledge is never wasted, is it?

What you read today about a coin might come in good stead and help you out somewhere down the line a few months or even years from now.

If you’re not the reading type you don’t need to go out and get half a dozen heavy reference aids on coin collecting just to round-out your non-existent library. Chances are high that you’ll just leave them to gather dust on the floor – or like I once did for a particularly useless book, use it as a coaster on my overly cluttered table!

In general I like reference aids on coin collecting and will read as much as I can to get the knowledge that’s contained within their pages, but I have to say that it really was a useless reference aids on coin collecting and weighed a ton to boot, so I made the best of a bad situation.

Now, I won’t give you the name of that “bad” reference aids on coin collecting, simply for the fact that what I consider bad and good might not be the same for you as it is for me. And that’s why I haven’t given you any names or titles for any good reference aids on coin collecting either.

There are enough people in the world who will love to give you a long list of what they consider are the best reference aids on coin collecting to read so I won’t join that queue.

You might feel that’s unfair of me, but the best thing for you to do is to get down to the bookshop and check out for yourself what reference aids on coin collecting there are.

You’ll never know unless you get out there and look, and taking someone else’s word that a reference aid on coin collecting is good might not work. Unless of course you’re reading these reference aids on coin collecting because someone recommended it to you, in which case, I’m all for recommendations!

You can use what they recommend as a reference aids on coin collecting or a starting point if you really feel lost, but generally you’ll find that once you’re in the store, standing in front of reference aids on coin collecting, you’ll be able to make the decision for yourself.

The reason to get yourself a good reference aids on coin collecting still stands though. If you want to get anywhere at all in your coin collecting pursuits then you’ll need to know what sort of coins are out there, which ones are collectible, which ones are considered rare, and what type of errors you can find.

And if you can take your reference aids on coin collecting along with you when you’re going coin hunting then it’s all the more better. You won’t have to remember every single variation on a theme, or every single coin that’s collectible.

You also won’t have to rely solely on the say-so of the dealer or collector that the coin is what they say it is. This will help you out tremendously in the beginning. Don’t be afraid to whip out your reference aids on coin collecting whenever you need to.

It might earmark you as a complete novice but that won’t be the sole reason, as you will also see several experienced coin collectors whipping out their own reference aids on coin collecting. I still have my first reference aids on coin collecting, bought soon after my dad gave me my first coin collecting book, and I still use it on occasion.

Mostly though I stick with a well thumbed copy of a reference aid on coin collecting I chanced upon when I was in my Investor mode. And I still take it out when the occasion calls for it.

So don’t be hesitant to use it for what it was meant for in the first place, as a reference to aid you. Dealers and other collectors won’t mind when you do this. In fact they will understand completely what you’re doing.

The thing that will single you out as a novice isn’t the reference aids on coin collecting, but your experience or lack of it, which will shine through very clearly in the beginning as you fumble through some of the more simple aspects of coin collecting.

That’s the beauty of experience though, you learn as you go along and start to make the right choices based upon your own experience. And this is the point at which you’ll start to look a lot less like an amateur and more like a serious coin collector.

But, that all takes time however, so don’t expect miracles. For now just content yourself with finding yourself a good reference aids on coin collecting, and a few readable coin collecting books and add to your knowledge. You can add to your experience as time goes by.



ANGELO

Knowing Your Coin Collection Value

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coin collecting
Gareth Bray asked:


Back in the olden days, people hoarded coins for the sole reason of the value they can get from them. Centuries later, people transformed that mindless activity into an elite art called coin collecting. These days, more and more people are taking an interest in numismatics and realizing the potential of investing in coins. If you’re a beginner at coin collecting, it is only wise that you read up on your new hobby and find out everything there is to know about it, including how to determine your coin collection value.

Numismatics refers to the science of studying coins using a legislative, economic, metrological, and artistic point of view. Coin collecting, on the other hand, refers to the hobby of collecting or gathering coins for the purpose of selling or trading them for their value or simply for keeping and displaying them for personal satisfaction. While the two terms are different, they are often used interchangeably and thought to have the same meaning. In this aspect, both numismatics and coin collecting have an interest in the value of a coin - or at least its closest estimate.

As a rule, a coin must be examined physically so that its authenticity, grade, and other issues need to be settled can be determined, prior to the establishment of its total and real value. Naturally, like every other thing in this world, a coin is only worth whatever amount someone is willing to pay for it, but to arrive at this amount, a variety of factors must be carefully taken into consideration. Your coin collection value will thus depend on these factors, which include proper identification of the coin, assurance of its authenticity, its grade, and its overall appearance.

Proper identification of a coin involves taking a look at its face value, the date and the mintmark, and naming the country or government that issued that particular coin, as well as the design used and the year it was in circulation (some serious coin collectors are very particular about the period in which a coin has been circulated). Normally, the information afore-cited can be verified without much difficulty so that proper identification is the easiest stage in assessing a coin’s value. However, while a coin in top condition finds much favor, you should not be quick to clean or repair your damaged coin. Coin collectors go for coins that have not been tampered with because tampering, which includes cleaning and polishing, takes away some of the coin’s authentic appeal.

Since there is money in coin collecting, many people have attempted to sell fake coins. Even to this day, there are several fake coins still out there, and what you find might not be as genuine as you’d like it to be. Thus, one of the most important things you need to check right away when you have a coin in possession is its authenticity. There are a number of counterfeits and alterations of different kinds and types of coins that you really have to be careful and examine your discovery.



AGUSTIN
coin collecting
Muna wa Wanjiru asked:


Whether you started your coin collecting efforts at the wee age of three, or whether you progressed to it more gradually and came to this point at the ripe old age of thirty-five, you can’t escape the fact that somehow or other you’ve become interested in coin collecting.

And if you’re not interested at all, then I can only assume that you’ve picked up this article for a friend and are even now reading it to while away the time while you should ideally be doing something else.

If that’s the case there’s a good chance that by the end of this article you’ll be firmly hooked and looking at any and all the coins you can get your hands on.

You might not persevere at it and you might not even go beyond the initial stage of looking through the loose change that’s fallen down the back of your couch. But you will get around to it eventually, if only to satisfy the first burning flame of curiosity that coin collecting brings.

And although you might not realize it, that’s how many people start take their first step in the direction of coin collecting. Before you start hunting in earnest between the cushions of your couch though, you might first of all want to get at least part way through this article.

It’s by no means on par with any of the articles written by experts, but I did my best to gather together all the interesting information and data that I could find and put it all down in one place so that it’s easier for you in the long term.

Originally this was done solely for my own benefit. I had, through the ages collected all the articles that I could get my hands on, and went through my coin collecting life at a breeze.

What brought me to this point though, of seriously putting everything together in a concise manner, was when Joe, a good friend was also caught by the coin collecting bug.

His greatest complaint through the whole time, was that there was such little that could be of help to the beginning of coin collecting.

Sure there were books galore on coin collecting, and my own little library attested to that, but it was still very difficult for the beginner to get a good grasp on what was needed without trawling through a half dozen of them.

Being the good friend that I am, I naturally enough passed on all my notes to Joe, hoping that these, along with any assistance I could give, would be of help in demystifying some of the more confusing aspects of coin collecting.

So that’s how I started on this article, and this is where we ended up right now. With you reading this article, which you got for your friend if you remember. And with your hand in the pile of coins you emptied from the loose change cookie jar having finally given up on the couch; and me with the satisfaction of knowing that I lured yet another unsuspecting soul to the side of coin collecting, even if it might only be for a brief period of time.

Anyway, whether it was by accident or by design, you are now on the path of coin collecting, and hopefully this article will help you in your future efforts.



MARCEL
coin collecting
Muna wa Wanjiru asked:


With a cursor winking at me from my computer screen, and a pile of coins in front of me, to the left and also to the right of me. Contrary to how it might appear I’m no modern day Scrooge obsessively lingering over my money.

I am instead what is known as a coin collector and have been for quite some time now. In fact ever since I was three years old and could get my hands on whatever loose change had dared to fall out of anyone’s pockets.

The whole point of this article though is not to introduce you to my own personal coin collecting history – although that’s just a fun side note – but to get you interested in coin collecting and to help you swim the decidedly murky waters of beginning coin collecting.

As with any new hobby the waters will start to clear up as you go along and as you gain more experience. But I thought I’d just lend a helping hand for you to start with!

That’s not to say that anything and everything you’ll want to know as a beginning coin collector can be found within this article. There’s simply no way that I could have anticipated each and every question you might think of!

What I have done though, is to collect bits and pieces of information which I hope will be of interest and as helpful to you as they have been to me through the years. I’m not exaggerating, when I say I’ve run the gamut of everything to do with coin collecting.

Through the years I’ve managed to touch upon just about every aspect of coin collecting no matter how briefly. Naturally enough this doesn’t make me a master of any of them, although I do know my way around most of them.

However, it is indisputable that I’ve come full circle in my coin collecting ways and have now gone back to pawing – or rather sorting – through my day’s cache of coins. Which, is why, I’ve got three stacks of coins piled around me even though I’m currently being attacked by dust motes.

Collecting coins isn’t for everyone though. Especially in the beginning when there’s still a lot for you to learn, and you need to do the mundane instead of going for the spectacular starburst of finding a particularly rare coin.

You might have something better you can do with your life, but that doesn’t mean that coin collecting is a worthless hobby. Coin collecting spans the generational gap and spans the millennia as well.

It doesn’t only to need to be for monetary value, coin collecting can be something infinitely more rewarding than that for the person who perseveres

The collection of coins as an art form and as a hobby is a well established one. It is the Hobby of Kings as many a coin collector will tell you, and is pursued by many people all over the world.



JOE

Gold Coin Collecting Trends For 2009

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coin collecting
Max Lloyd asked:


Gold coin collectors everywhere are celebrating the soaring gold prices that have been seen in recent times. Coins and collections that were once valuable are now very valuable. For 2009, gold coin collecting will remain strong.

Proof gold coins are expected to be strong performers through 2009, as are rare date and early gold. With rare date and early gold coins, the better they look, the higher their value. Proof gold coins are rare by definition and those in F.D.C. (fleur de coin) condition are going to have the highest value.

The Saint Gaudens Double Eagle gold coin is still one of the most beautiful, popular and sought after gold coins on the market, and will remain so for a long time. Saint Gaudens proof coins, and those with no motto (without In God We Trust) on them are more rare and therefore more highly valued.

Newly minted 24-kt Jackson’s Liberty First Spouse gold coins, both proof and uncirculated are going to be strong for the coming months. Other gold coins that are remaining high in popularity are the $10 Liberty and the $5 Liberty, the $5 Liberty Half-Eagle (with or without motto), American Gold Eagle bullion coins, the Commemorative US gold coins - 1988 Olympic (uncirculated) and 1986 Statue of Liberty, British Sovereign gold coin - King Edward 1902-1910, Canadian Maple Leaf, and the Australian Lunar gold coins - 2005 1 oz Gold Rooster and 2004 1-oz. Gold Monkey.

In uncertain financial times, gold is one thing whose value continues to remain strong if not rise. Consider adding any of these coins to your collection.

One of the best gold coin investment is Saint Gaudens Double Eagle Gold Coins. They represent great collectible and investment opportunity as they increase in price on average about 8% a year. Here is a little history on Saint Gaudens gold coins.

In the early 1900’s, President Theodore Roosevelt inquired of sculptor Augustus Saint-Gaudens as to whether or not he would be interested in re-crafting the design or the nation’s coinage to look more like the coins of ancient Greece, where democracy first took root. What Saint Gaudens created was a breathtaking high relief design featuring the image of Miss Liberty on one side and a flying eagle on the other. This coin symbolized both the county’s strength while moving into the future and independence as a powerful and glorious nation.

Only a few proofs were struck, and then production began of the $20 gold coins. Because of the high relief, these coins were not the favorite of bankers (they wobbled when being stacked). Eventually the coin was altered to be flatter. Even though all of the Double Eagle gold coins are considered collectors items, those struck in high relief are more highly prized.

Interestingly, this incredible symbol of America was, for a time, produced without the motto “In God We Trust.” Roosevelt felt that it was sacrilegious to have that motto on coins that could be used for gambling. The Saint Gaudens Double Eagle gold coin is indeed a symbol of greatness. A symbol of artistry, independence, strength and even the workings of our government, this gold coin has a history that spans a century and beauty that is unmatched.



JIM