Dec
1
Filed Under Hobbies | Comments Off
James Pswarai asked:
A coin collector will come into a process where they will want to sell their precious coin/ coin collection. There may be no reason to this, it could be because they wake up and just feel like selling their coin collection or it could be due to something personal where they have no choice in selling their collection. This is why I have written this article; to help you to learn when it is the best time to sell your coin collection if that day does come and to help you understand why people sell their coins.
Why Do People Sell Their Coins
There could be many reasons for this, an example being for the money. Many coin collectors also are coin dealers which mean they buy and sell coins to people who are interested. By selling coins they generate income which they can use to buy coins they want.
Another example of why collectors sell coins is because they don;t need the coins. Sometimes collectors are pulled by tempted when on holiday to find different coins that they really don’t need and when they return back home they sell them because they don;t need them.
A final example is they know they can make a lot of money of it. This may seem to be exactly the same as the first point but it isn’t. Some coin collectors have managed to keep coin collecting as a hobby since they were little children. These collectors managed to build up a huge collection of coins (even rare coins) and they know that by looking in the right places they can find someone who wants a particular coin or maybe even someone who is willing to pay for the whole coin collection which could cost a lot of money.
When Should You Sell Them
The first thing a coin collector will think about is “Is it really time to sell?”. The way to figure this out is to see the value of the coin now, if there really is any benefit selling them and of course do you really want to sell them.
If you still consider to sell them then one of the best places to sell your coin is at an auction. This is one of the most preferred options as you make even more money than the coin is worth because of the bidding system.
The other option is to sell to a dealer. However, don’t just stick to one dealer because you don’t want to find that your coin was worth a lot more than he bought it off you for.
Selling your coins can be one of the hardest things you will ever g through but if you do it right like mentioned in this article you can make some good money from it and you will know that your coins were more than a hobby
EFRAIN
A coin collector will come into a process where they will want to sell their precious coin/ coin collection. There may be no reason to this, it could be because they wake up and just feel like selling their coin collection or it could be due to something personal where they have no choice in selling their collection. This is why I have written this article; to help you to learn when it is the best time to sell your coin collection if that day does come and to help you understand why people sell their coins.
Why Do People Sell Their Coins
There could be many reasons for this, an example being for the money. Many coin collectors also are coin dealers which mean they buy and sell coins to people who are interested. By selling coins they generate income which they can use to buy coins they want.
Another example of why collectors sell coins is because they don;t need the coins. Sometimes collectors are pulled by tempted when on holiday to find different coins that they really don’t need and when they return back home they sell them because they don;t need them.
A final example is they know they can make a lot of money of it. This may seem to be exactly the same as the first point but it isn’t. Some coin collectors have managed to keep coin collecting as a hobby since they were little children. These collectors managed to build up a huge collection of coins (even rare coins) and they know that by looking in the right places they can find someone who wants a particular coin or maybe even someone who is willing to pay for the whole coin collection which could cost a lot of money.
When Should You Sell Them
The first thing a coin collector will think about is “Is it really time to sell?”. The way to figure this out is to see the value of the coin now, if there really is any benefit selling them and of course do you really want to sell them.
If you still consider to sell them then one of the best places to sell your coin is at an auction. This is one of the most preferred options as you make even more money than the coin is worth because of the bidding system.
The other option is to sell to a dealer. However, don’t just stick to one dealer because you don’t want to find that your coin was worth a lot more than he bought it off you for.
Selling your coins can be one of the hardest things you will ever g through but if you do it right like mentioned in this article you can make some good money from it and you will know that your coins were more than a hobby
EFRAIN
Nov
28
Filed Under Hobbies | Comments Off
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
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
Nov
14
Filed Under Hobbies | Comments Off
James Pswarai asked:
Coin collecting has grown to be a great hobby over the years for everyone regardless of their age. Many coin collectors started off their collection of coins when they were young and now have large numbers of them. In this article I will explain why coin collecting has become a good hobby and how you can get yourself started with it.
Why Is It So Popular
There are many reasons to collect coins. One of the reasons is because of the coins value; this could be the historical value, metal value or perceived value. Another reason people collect coins is because of the pleasure received from it. Collecting coins from any country and inspecting them can give people a sense of pleasure and some people pay thousands for a single coin that could complete their collection.
How To Get Started
Firstly you want to find someone who already has started their coin collection. If you can’t find anyone then join a group there are a lot out there (if this is still undoable then find a book or ebook). The reason for doing this is because you want to be able to learn some basics of coin collecting and with that basic knowledge you can learn how to find a good coin dealer to start of your coin collection.
Once you have some coins the next thing you want to do is investigate them. To do this you get a magnifying glass (a larger one) and look at your coin in a bright area. When examining the coin you are looking for things like errors, dates, markings and more. By examining the coin you will learn there value of it and you can consider selling it to a coin dealer or keeping it for your collection. Within time and training you will find it easier to investigate coins and sometimes without the magnifying glass.
Finally the last thing you need to do is get storage for your coins. This can come in the form of a folder where you can put a specific type of coins and if you have duplicates you can buy a tube to store them in or you can make a bit of money by selling them.
There you have it, three easy steps to start your own coin collection. Whether you are doing it for fun or profit coin collecting is a great thing to do and if you get into it you can buy magazines that will contain information and tips on coin collecting and you may find some useful.
RALPH
Coin collecting has grown to be a great hobby over the years for everyone regardless of their age. Many coin collectors started off their collection of coins when they were young and now have large numbers of them. In this article I will explain why coin collecting has become a good hobby and how you can get yourself started with it.
Why Is It So Popular
There are many reasons to collect coins. One of the reasons is because of the coins value; this could be the historical value, metal value or perceived value. Another reason people collect coins is because of the pleasure received from it. Collecting coins from any country and inspecting them can give people a sense of pleasure and some people pay thousands for a single coin that could complete their collection.
How To Get Started
Firstly you want to find someone who already has started their coin collection. If you can’t find anyone then join a group there are a lot out there (if this is still undoable then find a book or ebook). The reason for doing this is because you want to be able to learn some basics of coin collecting and with that basic knowledge you can learn how to find a good coin dealer to start of your coin collection.
Once you have some coins the next thing you want to do is investigate them. To do this you get a magnifying glass (a larger one) and look at your coin in a bright area. When examining the coin you are looking for things like errors, dates, markings and more. By examining the coin you will learn there value of it and you can consider selling it to a coin dealer or keeping it for your collection. Within time and training you will find it easier to investigate coins and sometimes without the magnifying glass.
Finally the last thing you need to do is get storage for your coins. This can come in the form of a folder where you can put a specific type of coins and if you have duplicates you can buy a tube to store them in or you can make a bit of money by selling them.
There you have it, three easy steps to start your own coin collection. Whether you are doing it for fun or profit coin collecting is a great thing to do and if you get into it you can buy magazines that will contain information and tips on coin collecting and you may find some useful.
RALPH
Oct
11
Filed Under Hobbies | Comments Off
Nicholas Tan asked:
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.
Error coins
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.
DAVIS
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.
Error coins
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.
DAVIS
Jun
29
Accessories for Coin Collection
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Nicholas Tan asked:
When collecting coins, one thing to consider is how to arrange and take care of the coins. Coins that are collected may be antique, ancient, or limited editions coins. These coins come from many countries and are usually high in value. A collector must know how to keep and take care of them so that they will retain the same appearance and value.
One way to take care of coins is to purchase s selection of coin accessories. Not only are coin accessories used to make a coin collection presentable and organized; but the primary purpose of coin accessories is to take care and preserve the coins.
When buying coin accessories it is important to choose those accessories that will best satisfy the needs of the collector. Some factors that may be considered are durability, price and usefulness.
Many coin accessories can be found in collectible stores and even online. Here are some coin accessories that may be considered:
Coin Boxes
Coin boxes are the most common sought for coin accessories as they are very convenient to coin collectors and specialists. The compartments of the box provide for easy location of the coins. The compartments are also wide, which provides flexibility in placing the coins. The wide compartments also allow the collector to handle the coins the proper way.
Coin Albums
Coin albums are similar to any typical album with the difference being that the coin album is especially designed to hold coins. A coin album has a transparent layer that aids in the protection of the coins. The collector does not need to handle the coins one by one. All he has to do is turn the pages and the coins are all there protected from improper handling.
Coin Holders
Coin holders are best for those collectors who collect coins during their travels. They allow portability of the coin collection. In addition, the collector does not need to carry his entire collection. He can simply place a single coin in the coin holder. Coin holders provide safety for the coins and prevent a coin from the many elements that may depreciate its value.
Other coin accessories can be found in the market. Determine the primary purpose of the accessory and if it can satisfy your needs. Prices will differ depending on the durability of the accessory. Research the many coin accessories that are sold and compare prices before choosing one.
HIRAM
When collecting coins, one thing to consider is how to arrange and take care of the coins. Coins that are collected may be antique, ancient, or limited editions coins. These coins come from many countries and are usually high in value. A collector must know how to keep and take care of them so that they will retain the same appearance and value.
One way to take care of coins is to purchase s selection of coin accessories. Not only are coin accessories used to make a coin collection presentable and organized; but the primary purpose of coin accessories is to take care and preserve the coins.
When buying coin accessories it is important to choose those accessories that will best satisfy the needs of the collector. Some factors that may be considered are durability, price and usefulness.
Many coin accessories can be found in collectible stores and even online. Here are some coin accessories that may be considered:
Coin Boxes
Coin boxes are the most common sought for coin accessories as they are very convenient to coin collectors and specialists. The compartments of the box provide for easy location of the coins. The compartments are also wide, which provides flexibility in placing the coins. The wide compartments also allow the collector to handle the coins the proper way.
Coin Albums
Coin albums are similar to any typical album with the difference being that the coin album is especially designed to hold coins. A coin album has a transparent layer that aids in the protection of the coins. The collector does not need to handle the coins one by one. All he has to do is turn the pages and the coins are all there protected from improper handling.
Coin Holders
Coin holders are best for those collectors who collect coins during their travels. They allow portability of the coin collection. In addition, the collector does not need to carry his entire collection. He can simply place a single coin in the coin holder. Coin holders provide safety for the coins and prevent a coin from the many elements that may depreciate its value.
Other coin accessories can be found in the market. Determine the primary purpose of the accessory and if it can satisfy your needs. Prices will differ depending on the durability of the accessory. Research the many coin accessories that are sold and compare prices before choosing one.
HIRAM
May
13
Basic Coin Collecting Strategy
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Robert L Taylor, JD asked:
Hobbies: Coin Collecting
Basic Coin Collecting Strategy
By Robert L Taylor, JD
Collecting coins is a longer term goal, however, the happiness of pursuit is always more important than the rapid completion of a set of coins. The inherent enjoyment is always found in the process of collecting, and fulfillment is found in its completion. Once fulfilled, a new goal, set quickly, will begin a new road towards further pursuits of happiness.
A solid collection will always have a solid value, at any level or grade. Higher grades, of course, will generate higher returns and higher appreciation. The higher grades will require longer term goals, a greater amount of money, and higher levels of frustration and more patience. For that reason, it is best to collect at a gradual or graduating rate, acquiring graded coins in steps, until your “goal coin” is finally acquired for your collection. These gradual steps will offer continuous levels of enjoyment, but with more positive progress and happier dispositions.
If collecting a set of Sacagawea dollars, one will experience difficulties in acquiring the Mint States more frequently than in collecting Proof coins. Sacagaweas are not unique in this respect; as this difficulty is shared by the majority of coin collecting categories. Probably for reasons of popularity, and greater ease of acquisition, modern proof coins are easier and less time consuming to acquire. For the serious collector, the extra challenge of collecting Mint State coins, modern or rare, will be more invigorating, exciting and rewarding. Now that we have four top grading companies that strictly follow the ANA guidelines (NGC, PCGS, ICG and ANACS), acquiring quality coins with a reliable grade is consistently possible. Availability still depends upon the laws of supply and demand; but this is always the challenge.
Despite the high level of your personal abilities to grade a coin, the reason that we invest in coins that are certified and graded by the “Top Four”, is that it creates a market for us when we want to upgrade and sell. It is not our opinion of the grade that matters, it is what will bring us the greatest return on our investment of time and money. The grade of a coin is everything. Coin prices are based on the grade. Buyers want the highest grade, but more important to them is an accurate and reliable grade. Personal opinions on the grade of a coin are never satisfying. Therefore, a professionally certified and graded coin eliminates the biggest issue in buying and selling a coin.
The Top Four give us stability, reliability and reputation. They also guarantee the grade and authenticity of the coin. This we need to market our coins, when we upgrade and sell. Buying raw coins is always an invitation to get cheated; someone usually loses, and the grade is always in question. Investing in raw coins should be avoided by the average collector, when possible. An alternative is to agree to pay for the cost of grading and the coin, if the grade represented by the Seller (or higher) is the result; if not, the Seller pays for grading.
The added protection from a sealed case – a slab - will greatly inhibit deterioration of the coin from exposure and damage. It will also enhance the maintenance of the coin’s grade and its appreciation. Marketing coins we need to upgrade and sell is enhanced with certified and graded coins, since: 1) there are larger pools of buyers; 2) the issue of grade is eliminated; and, 3) selling at book value and above is far more likely. People don’t mind paying a fair price for a solid coin, but do mind getting cheated for a misrepresented grade.
Don’t hesitate to buy a coin in a grade lower than you hope for or strive to acquire. One must consider that the average collectable coin is constantly appreciating; although not always at a steady or consistent rate. The Laws of Supply and Demand always have a hand in the value or worth of any coin. Having an investment in a coin is preferable to no investment. A savings account earning 3% interest is no investment, and yields no enjoyment.
Stepping up, or improving your coin’s grade, in a graduated process, is far more pleasing because it adds more activity, allows completion of sets (albeit temporary for the actual grade desired), the cost is less or spread out, and makes for continuous progress. The fewer numbers of coins available in the next higher grade, the costs of each upgrade being higher, and putting a higher value on your time, makes the approach of buying only the “goal coin” undesirable. Doing so will degrade your progress, enjoyment and appreciation.
The challenge of graduated acquisition will last longer, adding to the thrill of each new addition. With each higher step up, comes a higher investment in time, your patience, and money. Secondly, the coin you have will be appreciating, while the collector striving for the “goal coin”, may be waiting months and years to find the right coin – with no benefits to him in the mean time. Thirdly, your collection will be growing, and so will your appreciation of what you have. How quickly you can complete your collection is not the goal; it’s the path you take to get there.
Finally, don’t be overly concerned about either getting a bargain, or paying book value or more. The value and worth of your collection will not be greatly affected by either. Time spent getting a bargain price is the single most commonly wasted activity. Your time, not spent in the happiness of pursuit, is wasted. Bidding on 20 different auctions with a goal of getting a bargain price is foolishly applying one’s time.
“Teach us to make the most of our time,
so that we may grow in wisdom.”
- Psalm 90:12
Our time holds a far greater value than each of us wants to admit. It should not be wasted, but spent in positive thoughts and endeavors. It is better to pay book value, avoiding the stress and waste of time, thereby investing your time on more rewarding pursuits.
Enjoy collecting.
Robert L Taylor, JD
Copyright 2008, Robert L Taylor, JD
EDDIE
Hobbies: Coin Collecting
Basic Coin Collecting Strategy
By Robert L Taylor, JD
Collecting coins is a longer term goal, however, the happiness of pursuit is always more important than the rapid completion of a set of coins. The inherent enjoyment is always found in the process of collecting, and fulfillment is found in its completion. Once fulfilled, a new goal, set quickly, will begin a new road towards further pursuits of happiness.
A solid collection will always have a solid value, at any level or grade. Higher grades, of course, will generate higher returns and higher appreciation. The higher grades will require longer term goals, a greater amount of money, and higher levels of frustration and more patience. For that reason, it is best to collect at a gradual or graduating rate, acquiring graded coins in steps, until your “goal coin” is finally acquired for your collection. These gradual steps will offer continuous levels of enjoyment, but with more positive progress and happier dispositions.
If collecting a set of Sacagawea dollars, one will experience difficulties in acquiring the Mint States more frequently than in collecting Proof coins. Sacagaweas are not unique in this respect; as this difficulty is shared by the majority of coin collecting categories. Probably for reasons of popularity, and greater ease of acquisition, modern proof coins are easier and less time consuming to acquire. For the serious collector, the extra challenge of collecting Mint State coins, modern or rare, will be more invigorating, exciting and rewarding. Now that we have four top grading companies that strictly follow the ANA guidelines (NGC, PCGS, ICG and ANACS), acquiring quality coins with a reliable grade is consistently possible. Availability still depends upon the laws of supply and demand; but this is always the challenge.
Despite the high level of your personal abilities to grade a coin, the reason that we invest in coins that are certified and graded by the “Top Four”, is that it creates a market for us when we want to upgrade and sell. It is not our opinion of the grade that matters, it is what will bring us the greatest return on our investment of time and money. The grade of a coin is everything. Coin prices are based on the grade. Buyers want the highest grade, but more important to them is an accurate and reliable grade. Personal opinions on the grade of a coin are never satisfying. Therefore, a professionally certified and graded coin eliminates the biggest issue in buying and selling a coin.
The Top Four give us stability, reliability and reputation. They also guarantee the grade and authenticity of the coin. This we need to market our coins, when we upgrade and sell. Buying raw coins is always an invitation to get cheated; someone usually loses, and the grade is always in question. Investing in raw coins should be avoided by the average collector, when possible. An alternative is to agree to pay for the cost of grading and the coin, if the grade represented by the Seller (or higher) is the result; if not, the Seller pays for grading.
The added protection from a sealed case – a slab - will greatly inhibit deterioration of the coin from exposure and damage. It will also enhance the maintenance of the coin’s grade and its appreciation. Marketing coins we need to upgrade and sell is enhanced with certified and graded coins, since: 1) there are larger pools of buyers; 2) the issue of grade is eliminated; and, 3) selling at book value and above is far more likely. People don’t mind paying a fair price for a solid coin, but do mind getting cheated for a misrepresented grade.
Don’t hesitate to buy a coin in a grade lower than you hope for or strive to acquire. One must consider that the average collectable coin is constantly appreciating; although not always at a steady or consistent rate. The Laws of Supply and Demand always have a hand in the value or worth of any coin. Having an investment in a coin is preferable to no investment. A savings account earning 3% interest is no investment, and yields no enjoyment.
Stepping up, or improving your coin’s grade, in a graduated process, is far more pleasing because it adds more activity, allows completion of sets (albeit temporary for the actual grade desired), the cost is less or spread out, and makes for continuous progress. The fewer numbers of coins available in the next higher grade, the costs of each upgrade being higher, and putting a higher value on your time, makes the approach of buying only the “goal coin” undesirable. Doing so will degrade your progress, enjoyment and appreciation.
The challenge of graduated acquisition will last longer, adding to the thrill of each new addition. With each higher step up, comes a higher investment in time, your patience, and money. Secondly, the coin you have will be appreciating, while the collector striving for the “goal coin”, may be waiting months and years to find the right coin – with no benefits to him in the mean time. Thirdly, your collection will be growing, and so will your appreciation of what you have. How quickly you can complete your collection is not the goal; it’s the path you take to get there.
Finally, don’t be overly concerned about either getting a bargain, or paying book value or more. The value and worth of your collection will not be greatly affected by either. Time spent getting a bargain price is the single most commonly wasted activity. Your time, not spent in the happiness of pursuit, is wasted. Bidding on 20 different auctions with a goal of getting a bargain price is foolishly applying one’s time.
“Teach us to make the most of our time,
so that we may grow in wisdom.”
- Psalm 90:12
Our time holds a far greater value than each of us wants to admit. It should not be wasted, but spent in positive thoughts and endeavors. It is better to pay book value, avoiding the stress and waste of time, thereby investing your time on more rewarding pursuits.
Enjoy collecting.
Robert L Taylor, JD
Copyright 2008, Robert L Taylor, JD
EDDIE
May
13
Discover the Coin Collecting Value of your Coins
Filed Under Hobbies | Comments Off
Frederic Madore asked:
Whether you’re an experience coin collector or you are just starting you already know that there is nothing more exciting than finding an extremely valuable coin to add to your collection. Of course if you are just starting you may not be aware that there are different values to be found in coins. That’s why there are some guidelines to determine the value of a coin. Following these guidelines will help you evaluate the coin collecting value of your coins or collection.
Of course each type of coins is different so it is only normal that they have different value. The first thing to do would be to have an expert evaluating your coin collecting value. I would even go further by having multiple expert conducting coin appraisals on your collection. The expert or coin dealers have the knowledge to help you find you coin collecting value. The value of your coin should be approximately what you expect to pay when you sell your collection.
Before seeing any expert you might want to gather information about the various coins that can be added to your collection. There are many places to gather such information, for starter there is always the internet which is very rich in information, just make sure you are reading from a reliable source. There is also the reference section in your local library that should contain quality information about coin collecting value and the coin grading process.
As I said the internet is probably the biggest library of all to gather quality information on the subject. You can even buy some eBooks that explain in detail the process of coin grading and coin collecting value. The most important part however is to fully assimilate this knowledge so that you can understand the technical information you will be given by most of the experts who will conduct coin appraisals on your collection. You may even get lucky and find an expert who is more than willing to share is knowledge with you to further you education on the various coin collecting value grades and prices.
Most of the exert are more than willing to share their knowledge and expertise just make sure you listen and don’t be afraid to ask as mush questions as you can. An important point you need to be aware of in the world of coin collecting is that the value of your coins is always changing. So the nest time you come across a book or an article that can help you understand further the process of coin grading and evaluating your coin collecting value don’t hesitate to read it and learn more.
At the end of the day learning everything you can about the coin collecting value of different coins will help you understand and most of all determine what is considered a valuable coin. There are many places like coin shops you can find to buy coins or just examine them to improve your coin grading skills. By mastering the art of coin grading you will soon enjoy this hobby even more.
MERVIN
Whether you’re an experience coin collector or you are just starting you already know that there is nothing more exciting than finding an extremely valuable coin to add to your collection. Of course if you are just starting you may not be aware that there are different values to be found in coins. That’s why there are some guidelines to determine the value of a coin. Following these guidelines will help you evaluate the coin collecting value of your coins or collection.
Of course each type of coins is different so it is only normal that they have different value. The first thing to do would be to have an expert evaluating your coin collecting value. I would even go further by having multiple expert conducting coin appraisals on your collection. The expert or coin dealers have the knowledge to help you find you coin collecting value. The value of your coin should be approximately what you expect to pay when you sell your collection.
Before seeing any expert you might want to gather information about the various coins that can be added to your collection. There are many places to gather such information, for starter there is always the internet which is very rich in information, just make sure you are reading from a reliable source. There is also the reference section in your local library that should contain quality information about coin collecting value and the coin grading process.
As I said the internet is probably the biggest library of all to gather quality information on the subject. You can even buy some eBooks that explain in detail the process of coin grading and coin collecting value. The most important part however is to fully assimilate this knowledge so that you can understand the technical information you will be given by most of the experts who will conduct coin appraisals on your collection. You may even get lucky and find an expert who is more than willing to share is knowledge with you to further you education on the various coin collecting value grades and prices.
Most of the exert are more than willing to share their knowledge and expertise just make sure you listen and don’t be afraid to ask as mush questions as you can. An important point you need to be aware of in the world of coin collecting is that the value of your coins is always changing. So the nest time you come across a book or an article that can help you understand further the process of coin grading and evaluating your coin collecting value don’t hesitate to read it and learn more.
At the end of the day learning everything you can about the coin collecting value of different coins will help you understand and most of all determine what is considered a valuable coin. There are many places like coin shops you can find to buy coins or just examine them to improve your coin grading skills. By mastering the art of coin grading you will soon enjoy this hobby even more.
MERVIN
Apr
30
Coin Collecting Can be Fun, Lucrative and Educational
Filed Under Hobbies | Comments Off
Yvette asked:
People engage in hobbies at all ages and some of those hobbies include collecting interesting and sometimes valuable objects such as rare or foreign coins or rocks or unusual looking junk that poses as interesting conversation
pieces and works of art. Some people are so passionate about their hobbies that they become experts and use their knowledge or talent to earn a living or simply share with others.
Coin collecting is a common hobby, especially among children, with some of them growing into coin dealers that cater to those who share their interest. Coin dealers spend a lot of time
searching and researching and attending coin
shows to find the collectable money with the most value and they use a method called coin grading to determine a coin’s value. The value of a state quarter can vary depending on it’s age, type and wear and tear such as nicks or grooves or if it is worn down around the edges.
Many coin dealers also buy coins, but you should be careful about who you sell them to. A local pawn shop is probably not a good idea, but attending a coin show is a great idea.
Coin grading is available and you can mingle and network with other dealers and collectors.
If you are interested in coin collecting, but not sure where to go or what to collect, quarters are a good start as well as foreign coins and reading publications such as CoinWorld.com will give you information and ideas. I collect mainly state
quarters, but I also hang on to anything I find that is really old, rare, foreign or all three combined.
You should note, if you do not already know, that any collectable money, coin or currency, is not worth more than it’s face value if it is not uncirculated with the exception that an uncirculated coin ends up in circulation and it does happen and a person with a good eye will catch it. I have received a few rare, collectable coins during money transactions while shopping. It’s rare that it happens, but it is very exciting when it does.
Coin collecting can be a lot of fun and lucrative.
JEFFERY
People engage in hobbies at all ages and some of those hobbies include collecting interesting and sometimes valuable objects such as rare or foreign coins or rocks or unusual looking junk that poses as interesting conversation
pieces and works of art. Some people are so passionate about their hobbies that they become experts and use their knowledge or talent to earn a living or simply share with others.
Coin collecting is a common hobby, especially among children, with some of them growing into coin dealers that cater to those who share their interest. Coin dealers spend a lot of time
searching and researching and attending coin
shows to find the collectable money with the most value and they use a method called coin grading to determine a coin’s value. The value of a state quarter can vary depending on it’s age, type and wear and tear such as nicks or grooves or if it is worn down around the edges.
Many coin dealers also buy coins, but you should be careful about who you sell them to. A local pawn shop is probably not a good idea, but attending a coin show is a great idea.
Coin grading is available and you can mingle and network with other dealers and collectors.
If you are interested in coin collecting, but not sure where to go or what to collect, quarters are a good start as well as foreign coins and reading publications such as CoinWorld.com will give you information and ideas. I collect mainly state
quarters, but I also hang on to anything I find that is really old, rare, foreign or all three combined.
You should note, if you do not already know, that any collectable money, coin or currency, is not worth more than it’s face value if it is not uncirculated with the exception that an uncirculated coin ends up in circulation and it does happen and a person with a good eye will catch it. I have received a few rare, collectable coins during money transactions while shopping. It’s rare that it happens, but it is very exciting when it does.
Coin collecting can be a lot of fun and lucrative.
JEFFERY
Apr
30
Coin Collecting Glossary
Filed Under Hobbies | Comments Off
lee williams asked:
As is the case with most hobbies, coin collecting has its own specialized terms or “lingo”. The following, while not an exhaustive list of all the coin collecting terms that you may encounter, provides definitions for the most commonly used terms. Alloy - a combination of two or more metals in a coin such as cupro-nickel or cupro-zinc. Ancient - refers to any coin minted before 500 A.D. Bag marks - nicks, marks and scratches resulting from coins in a mint bag being in contact with each other. Bi-metallic coin - a coin with the center made from one metal with its outerportion being comprised of a different metal.
Blank - a round piece of metal made for subsequent minting into coinage. Bullion - a coin made of gold or other precious metal with little numismatic value apart from the current value of the metal from which the coin is made. Cameo - a coin with a frosted appearance. Circulated coin - a coin which has actually been used as money and shows some degree of wear. Commemorative coin - A coin with a design struck in honor of some historical or current event, famous person or special anniversary. Error coin - a coin minted by mistake or with a design different than intended. Grade - the condition of a coin determined by a set methodology. High points - the highest part of a coin’s design where the first signs of wear and tear generally appear. Legend - the words that are inscribed around the outer edge of a coin, for U.S. coins, the legend inscription is E Pluribus Unum. Mintage - the total number of coins of a particular denomination, date and/or type produced by a mint Mint mark - a symbol identifying the particular mint which produced the coin. Mint state - an un-circulated coin in the same condition as when it was originally minted showing no signs of wear Numismatics - the study of coins, paper currency, tokens, medals, and other similar items.
Obverse - the “heads” side of the coin where a portrait of a president, king, queen or other national leader appears. Proof coins - coins that are struck with greater pressure than normal using specially polished dies to make the design more highly polished or mirror-like. Reverse - the back or “tails” side of a coin, the opposite side to the obverse side of a coin. Rim - the outer edge of a coin. Un-circulated coin - a coin that has never actually been used as money and has no visible signs of wear. Variety - any change in the design of a coin results in a new coin variety
There are many, many more terms which we will try to define as they come up in this book, but this is a good start for the beginning collector. So, you may be wondering. where do I start? The choices are varied.
CLARK
As is the case with most hobbies, coin collecting has its own specialized terms or “lingo”. The following, while not an exhaustive list of all the coin collecting terms that you may encounter, provides definitions for the most commonly used terms. Alloy - a combination of two or more metals in a coin such as cupro-nickel or cupro-zinc. Ancient - refers to any coin minted before 500 A.D. Bag marks - nicks, marks and scratches resulting from coins in a mint bag being in contact with each other. Bi-metallic coin - a coin with the center made from one metal with its outerportion being comprised of a different metal.
Blank - a round piece of metal made for subsequent minting into coinage. Bullion - a coin made of gold or other precious metal with little numismatic value apart from the current value of the metal from which the coin is made. Cameo - a coin with a frosted appearance. Circulated coin - a coin which has actually been used as money and shows some degree of wear. Commemorative coin - A coin with a design struck in honor of some historical or current event, famous person or special anniversary. Error coin - a coin minted by mistake or with a design different than intended. Grade - the condition of a coin determined by a set methodology. High points - the highest part of a coin’s design where the first signs of wear and tear generally appear. Legend - the words that are inscribed around the outer edge of a coin, for U.S. coins, the legend inscription is E Pluribus Unum. Mintage - the total number of coins of a particular denomination, date and/or type produced by a mint Mint mark - a symbol identifying the particular mint which produced the coin. Mint state - an un-circulated coin in the same condition as when it was originally minted showing no signs of wear Numismatics - the study of coins, paper currency, tokens, medals, and other similar items.
Obverse - the “heads” side of the coin where a portrait of a president, king, queen or other national leader appears. Proof coins - coins that are struck with greater pressure than normal using specially polished dies to make the design more highly polished or mirror-like. Reverse - the back or “tails” side of a coin, the opposite side to the obverse side of a coin. Rim - the outer edge of a coin. Un-circulated coin - a coin that has never actually been used as money and has no visible signs of wear. Variety - any change in the design of a coin results in a new coin variety
There are many, many more terms which we will try to define as they come up in this book, but this is a good start for the beginning collector. So, you may be wondering. where do I start? The choices are varied.
CLARK
Apr
21
Estabishing the Coin Collecting Value of your Coins
Filed Under Hobbies | Comments Off
Muna wa Wanjiru asked:
For the coin collector there is nothing more exciting than finding an exceptionally valuable coin. To help with finding the many different values that can be found with coins there are guidelines that have been set up. These guidelines will help you in finding the coin collecting value of your coins.
Since each type of coin is different you should expect to see that these coins have a different value. The best way that you can get an opinion on your coin collection is to see a coin dealer. These people will have the knowledge and the experience to help you with your coin collecting value findings. These findings should be based on the price that you can expect to pay when you decide to sell your collection.
Before you go to see a coin expert – who is also called a numismatist – you may want to find out more information about the different types of coins that can be added to a collection. For this information you can read what various coin collection books have to say in this regard. You can find these books that you are looking for in the reference section of various libraries. The other place where you can get valuable information about coin collecting value levels will be the internet.
From this source you will find many articles and in some cases ebooks that you can read to gain more accurate information about coin collecting value and grading issues. You will need to study this information thoroughly so that you can understand the different technical information that is given by some coin experts. Sometimes you will find coin experts who are willing to further your education about various coin collecting value grades and prices.
As these people are willing to share their information you will need to listen and ask questions for items that you are unclear about. There is one thing that you must understand and remember with coin collecting, and that is the values are always changing. So the next time that you come across some books or articles that will help you with coin appraisals you should buy these and learn more.
When all is said and done the learning coin collecting value of various coins will help you know and understand what are considered as being valuable coins, and what are considered as not so valuable. You can find places that will sell you items to improve your coin collecting and grading eye. Visit the coin shops and learn all about coin collecting. You will learn to enjoy your new hobby even more.
FRED
For the coin collector there is nothing more exciting than finding an exceptionally valuable coin. To help with finding the many different values that can be found with coins there are guidelines that have been set up. These guidelines will help you in finding the coin collecting value of your coins.
Since each type of coin is different you should expect to see that these coins have a different value. The best way that you can get an opinion on your coin collection is to see a coin dealer. These people will have the knowledge and the experience to help you with your coin collecting value findings. These findings should be based on the price that you can expect to pay when you decide to sell your collection.
Before you go to see a coin expert – who is also called a numismatist – you may want to find out more information about the different types of coins that can be added to a collection. For this information you can read what various coin collection books have to say in this regard. You can find these books that you are looking for in the reference section of various libraries. The other place where you can get valuable information about coin collecting value levels will be the internet.
From this source you will find many articles and in some cases ebooks that you can read to gain more accurate information about coin collecting value and grading issues. You will need to study this information thoroughly so that you can understand the different technical information that is given by some coin experts. Sometimes you will find coin experts who are willing to further your education about various coin collecting value grades and prices.
As these people are willing to share their information you will need to listen and ask questions for items that you are unclear about. There is one thing that you must understand and remember with coin collecting, and that is the values are always changing. So the next time that you come across some books or articles that will help you with coin appraisals you should buy these and learn more.
When all is said and done the learning coin collecting value of various coins will help you know and understand what are considered as being valuable coins, and what are considered as not so valuable. You can find places that will sell you items to improve your coin collecting and grading eye. Visit the coin shops and learn all about coin collecting. You will learn to enjoy your new hobby even more.
FRED