How to Make money with coin collecting series 30: Canadian Coin Collecting: Pleasures vs. Treasures

How to Make money with coin collecting series 30: Canadian Coin Collecting: Pleasures vs. Treasures


In Canada where money the popularity of coins has shown significant increase because the value of the aper money tends to deflate as much as 25% to 30% in a short period of time.

For this reason, coin manufacturers in Canada started making different kinds of coins to replace the value that was lost in the depreciation of paper money. Gold continues to thrive in various types of coins and their value continues to increase.

Coins function as solid emblems of a nation’s history. Canada has gained importance by producing Canadian coins serve as a means of monetary exchange and a source of historical enrichment.

Many coin collectors are enticed to try Canadian coin collecting. They know that collecting such Canadian treasures not only offer them remarkable diversion but can also provide them with additional value in the future.

So for those who wanted to start collecting Canadian coins, here is a list of some ways to get you started:

1. Do your homework

Like in any venture you must do your homework before you start collecting coins. Try to research how Canada manufactures their coins.

Learn the history of coins and how they may offer great opportunities to earn a profit and at the same time be an enjoyable hobby.

2. Finders keepers

To start the ball rolling, try to get as many coins or tokens as you can obtain without having to spend a great amount of money. Your parents or your grandparents may have some coins that they kept because they did not hold any monetary value at that time.

3. Use some guides

Coin collecting is not a complicated activity but it is not that easy either. You would likely need some references that will guide you in choosing the kinds of Canadian coins to collect.

You can refer to axby Coins of Canada or other brochures that will provide you with adequate information regarding Canadian coin collecting.

4. Enjoy and have fun

The idea of coin collecting is not to get the most expensive and the rarest coins that you can find. What matters most is that you enjoy what you do and that you are amazed by the kinds of coins that you are able to obtain.

Coin collecting may differ from one place to another but Canadian coin collecting is sure to give a hobbyist great pleasure and not just mere treasures.

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How to Make money with coin collecting series 29: Tips in Buying Bullion Coins

How to Make money with coin collecting series 29: Tips in Buying Bullion Coins

What are bullion coins? These coins may have high values because they are not only limited; but also they may have been found in shipwrecks, or they may come from the ancient times. Bullion coins are the type of collector items that many people look for.

The silver bullion could be the most well known type of bullion that is selling very well in the internet aside from those that are to be considered to be most expensive and valuable items in the world.

Some high priced coins that are displayed on the internet include the silver ingot. The silver ingot was said to have been found in the Spanish ship Atocha that sank in the ocean. This ship was found to contain treasures and artifacts including silver ingots. Others claim that the silver ingots were recovered from an old Colorado Mining area. Coins were found everywhere and were said to have been hidden by the miners.

The silver Maple Leaf Coins, which are officially sealed, are also popular among collectors. These coins came from the Royal Canadian Mint and include the Walking Liberty half-dollars and the dealer roll first-strike 1994 U.S. Eagles. These items were a collection of the Franklin Mint which had more than 100 masterpieces in his memorabilia.

Most bullion collectors prefer the gold billion. Some famous bullion gold coins include the gold Krugerrands, which are from South Africa. The European Gold Crowns were released from the late 1800s to the early 1900s. Other items include the Canadian Maple Leaf Coins and the United States American Eagle Coins. British Sovereigns are also seen on the internet as are the Swiss Helveteas and the French Roosters.

The awesome 10-ounce Swiss gold bar, China gold panda set, and the American eagle proof set coins can also be found and are considered to be the most seen coins on the internet. There are gold bullions found in the American Eagle set, Mixed Lots, Rounds, Bars, and any other similar categories that are found on some sites n the internet.

A type of bullion that is not well known is the Platinum bullion. It is less researched on the internet because the demand for it is not as great as the silver and gold bullions. Platinum bullions can be purchased anywhere: some of them are the French Statue of Liberty coins, Eagle sets, and the Koala Proofs. The World Trade Center has also offered some Platinum bullions like the Englehard platinum bar, crucible dish made of platinum bullion, and the Johnson Matthew Year of the Dragon coins which were recovered from the safety vaults of the building when it collapsed.

These coins can be considered as thoughtful gifts aside from their being valuable since they can be kept as a souvenir from the person who gave it. A bullion bar that features a happy birthday greeting can be a thoughtful gift for a friend抯 birthday especially if the bar has the date of the birthday on it. Some people also use them for their anniversaries as their gifts to one another - they search for those bullions that have the date of their engagement or the wedding year. Some brides also ask their groom to find her 24-karat gold flakes or silver flakes as her chosen token for their wedding.

Coin collecting of this type can be very expensive, especially when buying bullions, but here are some tips that can guide a person in his search for affordable bullions.

1. A person must be sure of the type of bullion he would like to purchase before ordering or buying.

2. He must ask himself, or the person he is buying the bullion for, what bullion he/she prefers and ask if they would like to come with him when purchasing the bullion.

3. A person must figure the delivery costs and add them to the agreed price.

4. A person should be sure that the seller would contact give him a delivery for the item if they have ordered it on the internet.

5. He should never make the payments using instant money transfer firms.

6. It is important to know the seller’s background and reputation in the business.

A person can purchase any bullion that he prefers. The idea of giving bullions to a special loved one or friend can be very thoughtful and it will serve as memorabilia that will be kept throughout the years.


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How to Make money with coin collecting series 28: The Verity of US Coin Collecting

How to Make money with coin collecting series 28: The Verity of US Coin Collecting

Some people are born to love money; whether they spend it or just collect it, they are simply born to love the way money provides them the kind of gratification that they need.

For example those people who are coin collectors simply love the sight of coins and many wish to display their collections as art.

In the United States, coin collecting started as early as 1652. During this period, business people and individuals alike, were known to engrave and distribute their personal coins.

Some people are so interested in coin collecting that they are more willing to combine various forms and categories. The reason for this fascination for these coins is the very nature of U.S. coins.

The U.S. Mint carefully crafts U.S coins and over the past 30 years it has minted nearly 300 billion coins.

When the Articles of Confederation gave consent for the different states to create or manufacture their own coins, the U.S. coin collections grew at an unparalleled rate. That is why in the middle of 1780's, states like Connecticut, Vermont, New Jersey, New York, and Massachusetts started creating various coins unique to their states. This prompted the start of "rare coin collection."

To know more about U.S. coin collecting, here are some of the basic facts that you must know:

1. It was on 1787 that the primary "federally" approved coin of the U.S. was first made. It was in New Haven, Connecticut where the "Fugio Cent," the name of the coin, was secretly manufactured.

2. The U.S. Mint is responsible for manufacturing the U.S. coins. The agency uses bands of metal that are rolled into loops, with the right breadth and measurements. Each kind of coin uses a particular kind of metal. For instance, metal strips that are made of zinc are used to manufacture pennies, while nickels are made of a 25% "nickel metal alloy" and 75% copper.

For this reason, U.S. coin collecting is further subdivided into categories such as the U.S cent, U.S. nickel, U.S. dime, etc.

People who would like to start collecting U.S. coins, should learn the intricacies or the hobby and find ways to acquire their first coins.

The hobby of U.S. coin collecting is not just a wonderful hobby but also a great way to preserve the nation's culture and history.


How to make money coin collecting

How to Make money with coin collecting series 27: Wanna Start On Collecting Coins? A Worthwhile and Educational Hobby

How to Make money with coin collecting series 27: Wanna Start On Collecting Coins? A Worthwhile and Educational Hobby

There are many reasons why one collects coins. There are collectors who collect on the basis of the coin’s future perceived value, some collect coins coming from just one particular period, some on metal type and some for a coins historical value.

There are also those who enjoy collecting everyday common coins, gaining pleasure from inspecting mint marks and dates on their everyday change. Others have a collection of coins coming from different countries. Some coin collectors spend thousands on rare gold and silver coins from the period of the 1800's until the early 1900's.

The hobby of coin collecting can give pleasure and fun to an individual of any age. Many coin collectors began their collection when they were young children, collecting dimes or pennies and many of them have made coin collection a lifetime hobby.

The hobby of collecting coins involves spending money from the very start so it is good to join a coin collectors group to get ideas and help from knowledgeable and experienced collectors.

You need somebody to buy your coins from, and it may be hard to find a coin dealer of good repute when your are new to the hobby, so having someone that has been in this hobby for years can be of great help to guide you on choosing an honest and knowledgeable coin dealer.

Begin by acquiring a big magnifying glass and examine coins in a bright area so you can spot mintmarks, errors and to clearly read dates on worn or damaged coins.

Decide on what coins to collect and buy a bookshelf folder for that series.

You must also have storage, such as clear tubes made of plastic or coin tubes having top screws to keep your coins in until you are ready to put them in a coin album; storage can also be good for keeping duplicate coins.

You must learn about different coin values. Follow what types of coins are sold, and how they are priced, based on dealer pricing. You also will need someone or some references that will show you how to evaluate the accurate value of a certain coin based on mint mark, age, color, surface and condition.

"A Guide Book of United States Coins" or universally known as the red book which is published yearly, provides a good outline of the U.S. coins history, information on basic coin grading, coin descriptions from past to present including a list of errors to watch for, average U.S. coins retail cost, and an explanation of errors which occurred in the tinting process?

Monthly publications from coinage(coin collecting magazine) contain many useful facts and information as well articles about your new found hobby plus a lot of great photos.

The newspaper, particularly in the numismatic world section, will be of great interest to you especially when you become more and more involved and interested in your hobby and want to remain up to date with the present happenings in the world of numismatics.

As you grow more experienced in coin collecting, your "eye for coins" will improve and develop maturely so that you now will be scrutinizing more carefully the features and details such as coin lettering, making certain that the letters are not blemished or blurred, but are still distinguishable.

You will be spending so much interest and concentration on the coin’s general state that eventually you can walk away from certain coins that show evidence of abrasion, and will then be experiencing the fun side of coin collecting.

Spend ample time reading, looking at photos, learning from experienced collectors and asking as many questions as needed from not only other collectors, but dealers as well. The hobby of coin collecting is a continuing process that will last for as long as you are continuing the hobby.

Your knowledge and training will save you a lot of money as well as make you money when the time comes, but more importantly, have fun while learning. Take pleasure in what they call the "Hobby of kings" that has turned to be the "King of hobbies.

Keep on studying and learning, because the better you understand, the more that you will enjoy your new found hobby.

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How to Make money with coin collecting series 26: How to Detect Counterfeit Coins

How to Make money with coin collecting series 26: How to Detect Counterfeit Coins

A special machine does the stamping of coins to make them genuine. People who counterfeit coins are well trained and have the capacity to manipulate their duplication - especially those rare coins which have high value among collectors. The most common procedure used in counterfeiting is that they pour a liquid metal into molds that will leave die marks with cracking on the counterfeit coin.

Those who are experts in determining counterfeit coins have observed that the changes seen in the coins have added, removed, or even altered the coin抯 date markings. If a person thinks that he is in possession of a counterfeit collectible coin, he can compare it with another coin one like the suspect coin ?which is known be genuine and have the same markings.

If the coins value is more than 5 cents, look for corrugations in the outer edges of the coin. These are very thin railings (also know as seeding on the edges of the coins. Genuine coins have very thin edges and the railings are even and distinct if one is very observant. Those coins that are counterfeit can be distinguished if the edges are not thin enough and the railing is uneven or missing in some areas.

Should there be an instance when a person perceives that he has received a counterfeit coin, he must not return the counterfeit coin to the person that handed him. He must try to delay the person ?should he try to escape ?or try to keep that person in sight and follow him to his destination if possible. It is important to remember the persons clothes and physical appearance and if the person has any companion during the exchange: if they have a vehicle, get the cars license plate number and immediately call the nearest police department or the United States Secret Service for help.

There are many things that can be considered to determine whether the coin is counterfeit or not. There are terms that are used to describe a counterfeit coins characteristics and they are as follows:

1. A restrike of a coin can be considered to be genuinely authenticated. These coins are actually dated earlier than those originally issued by the country that released them but have the same or exact features as the original coins.

2. Coins of a specific country in the ancient times are sometimes copied by another country. A person may think that it is forgery, but it is not because they had been legally approved in the country where they originated.

3. Forgery can be associated with the making of an illegal profit. It would be the main objective of the counterfeiting syndicate. The government sometimes uses forgery for political propaganda, as in the Second World War when Germans produced millions of American and British banknotes with the intention of profiting from them and destabilizing their enemy economic situation.

4. Another known type of counterfeit coins is replica coins. Replica simply means that the original coins are copied with the same features and markings. The usual counterfeit coins have differences that are noticeable when examined by coin experts. Some coins have the word copy intentionally put on the sides of the coins and these replicas are used for educational purposes and museum displays.

5. A Lebanese connection is said to have a huge production of counterfeit coins. These coins were found to be used in an attempt to fool many museums, collectors, business leaders and other countries that are searching for their ancient lost coins before the discovery of this syndicate.

6. The collector intended forgery and the circulated intended forgery are types of forgeries where the coins are intended to be tokens yet the face values are accepted, despite of their illegality and irrelevant intrusive values.

It is important to consult an expert to determine if the coin is counterfeit or fake. An ordinary person can easily detect if the wrong metal was used for the counterfeiting. If the person is a collector of such items, he should be more aware of these coins. A collector needs to be more concerned with the collectible rare coins because this is where counterfeiters benefit frequently - their aim is to profit from the exclusive market for valuable coins.

How to make money coin collecting

How to Make money with coin collecting series 25: Learning the ropes of Numismatics

How to Make money with coin collecting series 25: Learning the ropes of Numismatics


Numismatics is the study of money, medallions, banknotes, token coins, and stock certificates. It is believed to have been established in the time of Julius Caesar who wrote the first book on the subject. It is a very interesting topic because every medal or coin signifies a different era, culture, economy and/or politics.

Numismatists or the people who study the history and over all appearance of the above mentioned forms of currency are different from coin collectors. Unlike numismatists, coin collectors are only interested in collecting coins and the prestige that goes along with it; a numismatist may also be a coin collector and vise versa.

Over the years, coin collection has been very popular. The most common designs are famous people and animals to depict the era when the specific coin was released.

Numismatists are generally interested in use of money, its origin, appearance, variety and production. They aim to explore the role of the different kinds of currency in our history using mint information. Mint refers to the place or facility where the coins are manufactured. They also grade or authenticate coins to determine their market value. T facilitate this, coin grading system facilities were established.

At this time there are three major third party facilities that authenticate coins and/or paper money. These are: the PCGS or Professional Coin grading system located in Newport Beach, CA; the NGC or Numismatic Guaranty Corporation in Sarasota, Florida; and Paper Money Grading (PMG).

PCGS is a third party institution that was established in 1986, which grades and authenticates coins primarily for commercial purposes. They are an independent body providing expert opinion in rating a coin. NGC is also a third party institution offering services solely to numismatists. It was established in 1987. On the other hand, PMG is solely for authentication of paper money and a smaller department of PCGS.

When coin collecting was not as popular as it is now, there were only 3 categories into which a coin could fall: 1. Good ?which means that the coin has all of the details intact; 2. Fine ?which means that the coin has all the details intact and still has a bit of luster visible; and 3. Uncirculated ?which means that the coin was never put on the market thus maintaining its original appearance.

However, today coin grading has evolved and is becoming more definite. They use a combination of letters and numbers that corresponds to the quality of a coin. The coin grading system of United States of America is the most comprehensive and recommended for beginners. An example of USA grading system: MS-60 to MS-70 which means that the coin is blemish-free and has good color and strike. In short it抯 perfect!

Knowing how to grade a coin properly is not only a gift, it抯 an art. It requires knowledge, exposure and obviously skills. For coin collectors, ability to grade a coin is a must because the value of a coin largely depends its grade.

Here are some components Numismatists use in coin grading

1. Luster - it is a determining factor whether or not a specific coin has been circulated. To have a higher grade, a coin must be technically intact and free from any form of imperfection or blemish.
2. Surface preservation. Abrasion on the surface of the coin and its location is a huge factor in grading a coin but it does not necessarily mean that abrasion can lower the grade of a coin. For example, if a good-looking coin has a severe abrasion on the back that is unnoticeable it will not count against the coin, but the issue may not be the same if the abrasion is located on the front or focal point.
3. Strike. It refers to the coin designing process wherein the coin is being stamped onto a planchet. In overall grading, strike does not weigh a great deal.
4. Coloration. For some coin collectors, preservation of original color of the coin has a huge impact on its value especially if it is a copper or silver coin.
5. Eye appeal. Some coins may not be perfect but collectors may find them attractive, however, it still requires expert opinion to conclude that a certain coin is excellent in all aspects mentioned.

If you have no background in grading coins, you have no business in coin collecting and numismatics without employing help from the experts. Coins have been playing vital roles, not only in the lives of people who love collecting and studying them, but in society as they represent different eras in history. Whether you are selling, buying or collecting coins, you must acquire the necessary basic knowledge or information; so that you can be assured that it is accomplished properly.

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How to Make money with coin collecting series 24: Guide for Rare Coin Collectors

How to Make money with coin collecting series 24: Guide for Rare Coin Collectors

Coin collecting is one hobby that is both fun and challenging. To help those who are looking for those rare coins, here is a list of hard to find ones that are worth moving heaven and earth for.

Gold coins are something of a rare commodity. They were circulated only until 1933, which makes them expensive when they are auctioned. The nice thing about gold is that its value probably will never go down - making it a good investment.

Another rare coin sought by collectors is the Liberty Seated Dollar. These were last produced some time in the 19th century and are considered to be a rare find.

From 1875 to 1878, twenty cent coins were minted. This coin looks very much like a quarter and since its value is very low today, it is a coin worth looking for.

The Barber half dollars are rare coins that were minted from 1892 until 1915 and are collected by people depending on date or type. One of the challenges that occurs when searching for this coin is finding one in good condition.

The 1917 type One Standing Liberty Quarter is another coin worth owning. It was only minted for 2 years and shows the exposed breast of Ms. Liberty. This design created such an uproar that it had to be replaced and was only circulated for a year.

Mercury dimes were produced periodically during the 20th century. The market value of them is $50 a piece.

The Walking Liberty Half Dollar is a beautiful coin for collectors. They were only circulated for 4 years and are considered to be one of the all time rare coins to ever exist.

The Texas Commemorative Half Dollar is another rare coin. Only 150,000 of these were minted over a 4 year period and just 60% to 80% of these are still available today making it one of the hardest coins to find today...

The most expensive coin is the $20 Saint Gaudens. This was sold in an auction for nearly $8 million. The design is truly superb and the value of it has never dropped even during the 1980-82 bear market.

Rare coins are truly a challenge for anyone who seeks to make this a mission in life. Not only are they hard to find but it they are expensive to acquire. Should a person have the funds available to purchase them then this adventure is truly something worth finishing.


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How to Make money with coin collecting series 23: What Are Factors That Affect The Value Of Coins?

How to Make money with coin collecting series 23: What Are Factors That Affect The Value Of Coins?

When one is just starting in coin collecting, often the first question is: that is the value of the coin: and the answer is that the coin will cost as much as you are willing to pay for it and the amount can vary considerably. For instance, a coin dealer offer can be much less than a coin collector that certainly wants your coin badly to add in his collection.

The following are factors that can influence the true value of a coin.

1. Grade or condition of the coin. Your coin will be worth or valued more when it is in good condition. When in a perfect or unblemished mint condition, an encirculated coin will be worth many times more than a similar coin that has been in circulation.

2. The rarity of a coin is the principal basis for a coins value. Generally, the rarer that a coin is found to be, the higher it is priced. Do keep in mind that rarity has very little influence on the coins age. Chinese coins are a thousand years old normally sell for about ten dollars since there are so many of them; while a 1913 Liberty Head Nickel can sell for up to or over a million dollars because only five specimens are known to be in existence.

3. Bullion value. A coin's precious metal content can determine its value. A platinum, silver or gold coin will not, in general sell for less than the coins value when melted.

4. Demand. There are coins that are greatly in demand; sought after by many collectors, and if that a particular coin is in great demand the price will be even higher. Even comparatively plentiful coins can mandate higher value when they are popular with coin collectors.

For instance, 1916 D dimes are much more abundant than the 1798 dimes yet in spite of this, 1916 D dimes sell for so much more because there are many more individuals collecting 20th century dimes than 1700 dimes.

Here’s how you can determine the approximate value of your coin:

1. Properly, accurately, and correctly recognize and classify your coin, and know the to place value on that coin. You can do this successfully by examining your coin in a catalogue or online with the coin price guide this will give you an idea of the going rate and price of your particular coin and you can determine the approximate value of your coin.

Everyday coin values are changing; so you need to use a coin price guide that is updated on a daily basis to obtain the current coin value. Look at online sites that offer step by step guidance on how to recognize your coin the proper way.

2. Grade your coin based on your thorough observation and examination of its current condition.

3. Consult coin catalogues for a list of retail prices in or estimates of your coins retail value. A Guide Book of United States Coins popularly known as "The Red Book" to coin dealers and collectors, provides information on retail coin prices for US coins and is available in libraries, coin shops and bookstores. The Standard Catalog of World Coins(in volumes) is a guide commonly used by coin dealers and collectors as well, to provide information on world coins and is available in many public libraries.

You can also check current coin prices by basing it on the actual dealer coin price found in magazines and newspapers or online auctions such as Yahoo, Coin World, eBay or Teletrade.

Always keep in mind that you are not collecting coins primarily for money; you collect for enjoyment and self gratification, and profit is to be last consideration. The plain fact that a certain coin does not have a large monetary value, does not necessarily suggest that it is no longer interesting or fascinating or that it must not be included in your collection.

Each coin will have a certain interest in itself, regardless of the condition that it is in and regardless of its monetary value. There will always be a certain characteristic that will draw you to that particular coin; so when it does, then you should have it in your collection. Have fun!


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How to Make money with coin collecting series 22: Why is a Coin Grading Service Important?

How to Make money with coin collecting series 22: Why is a Coin Grading Service Important?

Coin collecting has been a very popular hobby to many people of all ages. The marketing of coins has expanded widely and because of this wide the market prices of coins has varied immensely.

Before, the coin market was limited to a small number of collectors and dealers. At that time coins were priced in simpler terms. Since the market has expanded, dealers have been very inconsistent with the prices they set for the coins so that became the time when the need for a standard scale arose. That is where the coin grading service entered the scene.

Coin grading services are able to provide services that determine the standard practices so important in marketing. Any collector who sees the wide market of coins will see the importance of a grading service. There are unscrupulous dealers that over grade the coins that they sell and collectors need to be aware of this.

Coin grading services have standard scales for every coin available on the market. One benefit grading provides, is that coins will be assessed fairly and accurately. Antique coins and rare ones will be scaled depending on their origin, quality and the purpose for which they were released.

A coin collector may need to use a coin grading service when buying a coin so that he is able to check the authenticity of the coin and if the coin is priced fairly. Sellers, on the other hand, use the grading service to check if they can generate income based on the price they have set on the specific coin. This practice will also ensure that the prices dealers set are not too high and are close to the actual value of the coin.

Many collectors are victims of fraud - especially when buying rare coins. A grading service will ensure that the coin is not a counterfeit one and this will prevent fraud in every negotiation.

Coins values often change through time. The grading service will ensure that the coin will have the updated price set for it; or determine if a coin抯 value has depreciated, depending on factors like deterioration of the appearance of the coin.

Some of the credible grading services are the PCGS, PCI, Anacs and the NGC. These services have very good records and are known to provide valuable and helpful services to consumers with consistent and accurate results in grading.

They seldom (or never) have been reported to be over grading. They are also known for their expertise in checking the authenticity of a coin with accuracy. Other important factors are also considered by these services such as detecting any marks and problems with the coins and adjustments in the dates and mintmarks. Coin grading services are also able to detect if there was toning, cleaning and repair that were made on the coins that were graded.

Coin grading services can also help if there is fraud and/or illegal activities being practiced by dealers. They have hotline numbers available so that consumers can call and report any illegal act. This helps to ensure that consumers are safe.

Grading services can also guarantee the authenticity of the coin. Services like the ones offered by PCGS, grading is done by at least three experts in accordance with the standards set in their policies. If a consumer thinks that his coin over-graded, he can return the coin and have it re-graded to ensure that all information given was fair and accurate.

Coin grading services provide guarantees of their grades, and unlike dealers, they do not provide this benefit. Dealers are only able to provide opinions on grades, they are unable to guarantee them.

As coin collectors, people need to ensure that they receive a fair for coins ?whether buying or selling. Grading services are there to help and assist these collectors and the collectors need to be aware of the benefits of grading services so that they do not rely on opinions given by dealers.

When choosing a grading service, you must always check the credibility of that service. This may be done by checking the Internet to verify information regarding a certain coin grading service. Awareness is a very important factor needed to ensure safety among coin collectors.


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How to Make money with coin collecting series 21: How to Take Care of Collectible Coins

How to Make money with coin collecting series 21: How to Take Care of Collectible Coins

There are collectors that specifically find classic editions of coins that existed during the period from 1892 to 1954. These coins have marked events or may signify the work of royalty during that period. There are those collectors that prefer the modern series that are very distinct as well. One modern collection is that of the quarter dollars that represent the 50 states of the US. Minting and circulation started in 1999 and will continue until 2008. These are specially made editions available for collectors.

Many collectible coins are made of copper and a collector may encounter problems in maintaining their features and appearance. A person collecting this type of coin should learn how to maintain and take proper care of these expensive collections. Copper coins should be cleaned correctly and must be preserved the same way professional collectors treat their coins.

Professional collectors clean their coins by the process of placing the coins in a container that is airtight. This is a safe way to preserve the features of the coins. Because of the coins?years of circulation, there is the possibility of a coin accumulating encrustations, coatings, dirt, and other problems on a coin抯 face. These accumulations may cause pitting and corrosion to the surface of the copper coin. The corroded portions should be removed properly without making any scratches.

There are products available that are made especially for coin cleaning. Coin suppliers have these products that are specifically made for coin maintenance and cleaning in stock. One product made for this purpose is MS70 which removes corrosion and other surface dirt. It is advisable to use rubber gloves for the protection of your hands, as MS70 can dry the skin but this should be of little concern because it is not that harsh on the skin. A soft toothbrush may help with cleaning and removing any dirt that is in the surface of the coin. Improvement in the appearance of the coin will be seen after it has been soaked and cleaned. If satisfaction is not met on the cleanliness and appearance of the coin, he may add baking soda to neutralize the MS70 and soak it in warm water.

After he is through with the soaking, he may dry the coin using a Blue Ribbon coin cleaner and preservative; he may apply a coat and dry it for a couple of days then wipe the damp parts with soft cotton balls and place it on a small cardboard with a space on the center.

If he finds discoloring on the coin, he may use Dellars Darkener after he has soaked it in MS70. He may use this product before he applies the Blue Ribbon cleaner and preservative until he is satisfied with the cleanliness of his coin. Once satisfied with the new appearance of the coin, he may again return it to its set or collection
.
The next step would be maintenance and preservation the collection. Here are some tips on how to take care of coin collections:

1. The coin should be protected from exposure to any kind of elements. It is also important not to scratch the coins; they should be handled with care to avoid scratches on the surface of the coins.

2. It is safe to store the coins in plastic cases or pockets that are made specifically for coin collections and sets. These cases and pockets can protect the coins from dirt and scratches.

3. Coins should be cleaned properly using vinegar, lemon juice, ammonia or rubbing alcohol.

4. If there is unwanted dirt that is hard to remove on the surface, chemical products for cleaning like Tarnex may be used. This option may be used if vinegar and lemon juice were not able to remove the dirt.

5. It is very important to remember that the value of the coin may depreciate if the coin has been cleaned. It is recommended to seek the advice of an expert on other ways of preserving a coin

Many coin collectors believe that a person should never ever clean their collection because they believe that any product that is applied to the coin will affect the surface. A person should know how to preserve their collection and avoid dirt from touching the coins.

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How to Make money with coin collecting series 20: Tips on How to Avoid Fraud on Collectible Coins

How to Make money with coin collecting series 20: Tips on How to Avoid Fraud on Collectible Coins

Many people enjoy shopping online where there are great buys of coins that can be found. A person may prefer do his shopping while he is at home because it is convenient and time-saving instead of going out looking for stores that sell collectible coins and other souvenirs.

A person can differentiate between a live auction and an Internet because an online auction can take several days to complete. They entertain bids for the highest price up until the time the auction is about to close.. Many people that are bidding online enjoy the experience and they may be familiar with the strategies to use to win an online auction.

There are also online sites where a person can buy any item that may capture his interest. This is where most coin collectors purchase their desired coins. By searching and finding the item that they want, they can actually negotiate and make the payments through the Internet. This can be very risky as you are dealer/seller that is unknown to the buyer, yet many people are still making transactions and payments through this kind of online auction.

Fraud is common even though many Internet sites that do business online contend that the risk of fraud is not something to worry about. They contend that only 0.0025 percent of true cases of fraud occur with online transactions - that means only one out of 40,000 listed Internet transactions would be fraudulent. On the other hand, the FBI has their own investigations, which prove that those figures are not true- they contend that the risk of fraud is much higher according to their statistics.

A person should believe the FBI for his own protection. Even if one can say that the majority of online coin selling transactions are honest and credible, the process used to make the transaction most probably is questionable and uncertain. There are business transactions, which are intentionally committing fraud with their clients and buyers. Aside from flea-market dealers, mail-order sellers, in-person auctions and some coin stores, the Internet has introduced the crime of fraud to many people in the easiest way possible.

One protection that a coin buyer should know is how to get 揻eedback? that way, a person can see the ratings other bidders give the seller and he may compare his transaction with the transaction of the others. Since there is a great risk of fraud where there is negative feedback, the person may withdraw his participation from the auction if he deems that to be necessary.

A person may also acquire ideas by looking for those members who have left 損ositive feedback?and compare it to the reaction of the sellers. A person can make an assessment of what could be possible useful information from those reactions. Be careful and precise about any transaction that is offered by the seller.

There are instances where a person is deceived about the item he purchased. The photo shown on the Internet displayed the coin that a person wants to have but they delivered a totally different item. These cases are fraud. A person must make sure that the item he saw on the photo is the exact item that will be delivered to him. Here are some tips that will help a person prevent fraud during a coin search in the Internet.

1. A person should save the online photo of the coin he wants to purchase. Many sellers remove the image and the title of the item once a purchase has been made.

2. A person should get the description and the auction information. It should either be e-mailed to the buyer or sent in writing by mail.

3. If there are suspicions regarding an auction, a person should ask for clarification from to the seller. This will avoid misunderstandings and confusion on the part of the buyer.

4. A person has the right to refuse any transaction where he thinks the price given on the coin is too high. One should be aware of the standard price of the specific coin and compare it to the price that was given during the online transaction.

5. A person can ensure that there will be no fraud by asking the seller, before the auction closes, if there is any available escrow assistance for the bidder.

These are only a few tips that will ensure a person of his safety when making any transactions online. Fraud can happen to anyone, especially those who are interested in purchasing collectible coins online. It is always important to be informed and knowledgeable about the possibilities of encountering fraud.


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How to Make money with coin collecting series 19: On Mints and Mint Marks

How to Make money with coin collecting series 19: On Mints and Mint Marks

Mint Marks are tiny letters referring to the locality where the minting of coins took place. The position of mint mark can be found typically on the back side of coins that were minted before the year 1965 and on the front after the year 1967.

Coins of every US mint branch are recognized by mint marks. These coin marks date back to ancient times in Rome and Greece.

The director of the Mint through the act of March 3, 1835 set rules to classify and distinguish the coins released from every US Mint branch. This core management set accurate standards and pattern of production as well as responsible coinage.

Coins that minted at the philadelphia mint earlier than the year 1979 have no mint marks. So it was in that year that the dollar was marked with the letter P and other denominations had that same mark thereafter.

All dies for US coins are produced at the philadelphia Mint and prior to shipping the coins to their mint branch, coins are marked first with the correct and designated mint markings. The precise size and positioning of the coins mint mark can slightly vary; this is influenced by how deep the punch was impressed and where.

The importance of mint marks:

Collectors can determine the value of a coin though mint mark, date and condition examination, making the coins condition the most significant factor and standard when determining its value.

Defining the Mint which hit the coin is tremendously important in determining the value of the coin; the coin can be hit in huge quantities at a single Mint or in smaller quantities in another hit.

The process of minting:

1. The making of metal strips in the correct thickness: Zinc strips are used for pennies, alloy strips composed of nickel (25%) and nickel (75%) for nickel and dollars, half-dollars, dimes, half-dimes are fabricated from a fusion of three coatings of metals; the external layer are alloys and the center is copper.

2. These strips of metals are then put into blanking presses that are responsible for cutting pound blanks approximately the dimension of the cone coin.

3. The blanks then are softened by running them through an annealing furnace, through tumbling barrels, and then through revolving cylinders containing chemical mixtures to burnish and clean the metal.

4. The blanks then are washed and placed into a drying device, then into the "upsetting" machines, that produce the raised rim.

5. The Final stage: coining press? Each blank is clasp into position by a collar or ring as it is being struck or hit under great pressure. Pennies need approximately40 tons of pressure and the larger coins need more. The upper and lower dies are stamped simultaneously on the two sides of each coin.

The design:

The director of the Mint chooses the design and pattern for United States coins, then that is approved by the secretary of the Treasury congress can recommend and suggest a design. The design then can not be changed for twenty five years unless directed by the congress.

All emblems of United States coins minted currently represent previous presidents of the United States. President Lincoln is on the one-cent coin, adopted in the year1909; Washington on the 25 cent coin that was minted first in 1932; Jefferson on the five cent coin in 1938; Franklin Roosevelt on the dime, introduced in the year1946; Kennedy on the half dollar that was first minted in 1964.

The act of 1997 known as the States Quarters Program supports and allows the redesigning of the quarters - the reverse side is to show each of the fifty states emblems. Every year starting in 1999 and until 2008, coins honoring five states, having designs that are created by each state, will be issued in the sequence or manner in which each state signed the Constitution.

The phrase "In God We Trust" was used first in 1864, on a United States two-cent coin. It then was seen on the quarter, nickel, half-dollar, silver dollar and on the $10, $5 and $20 in 1866; in 1909 on the penny, in 1916 on the dime. Today, all United States coins carry the motto.

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How to Make money with coin collecting series 18: What Are Factors That Affect The Value Of Coins?

How to Make money with coin collecting series 18: What Are Factors That Affect The Value Of Coins?

When one is just starting in coin collecting, often the first question is: that is the value of the coin?: and the answer is that the coin will cost as much as you are willing to pay for it and the amount can vary considerably. For instance, a coin dealers offer can be much less than a coin collector that certainly wants your coin badly to add in his collection.

The following are factors that can influence the true value of a coin.

1. Grade or condition of the coin. Your coin will be worth or valued more when it is in good condition. When in a perfect or unblemished mint condition, an ncirculated?coin will be worth many times more than a similar coin that has been in circulation.

2. The rarity of a coin is the principal basis for a coins value. Generally, the rarer that a coin is found to be, the higher it is priced. Do keep in mind that rarity has very little influence on the coins age. Chinese coins are a thousand years old normally sell for about ten dollars since there are so many of them; while a ?913 Liberty Head Nickel? can sell for up to or over a million dollars because only five specimens are known to be in existence.

3. Bullion value. A coin's precious metal content can determine its value. A platinum, silver or gold coin will not, in general sell for less than the coins value when melted.

4. Demand. There are coins that are greatly in demand; sought after by many collectors, and if that a particular coin is in great demand the price will be even higher. Even comparatively plentiful coins can mandate higher value when they are popular with coin collectors.

For instance, 1916 D dimes?are much more abundant than the 1798 dimes?yet in spite of this, 1916 D dimes?sell for so much more because there are many more individuals collecting 20th century dimes than 1700 dimes.

Here's how you can determine the approximate value of your coin:

1. Properly, accurately, and correctly recognize and classify your coin, and know the to place value on that coin. You can do this successfully by examining your coin in a catalogue or online with the 揷oin price guide? this will give you an idea of the going rate and price of your particular coin and you can determine the approximate value of your coin.

Everyday coin values are changing; so you need to use a 揷oin price guide?that is updated on a daily basis to obtain the current coin value. Look at online sites that offer step by step guidance on how to recognize your coin the proper way.

2. Grade your coin based on your thorough observation and examination of its current condition.

3. Consult coin catalogues for a list of retail prices in or estimates of your coins retail value. 揂 Guide Book of United States Coins? popularly known as "The Red Book" to coin dealers and collectors, provides information on retail coin prices for US coins and is available in libraries, coin shops and bookstores. 揟he Standard Catalog of World Coins?(in volumes) is a guide commonly used by coin dealers and collectors as well, to provide information on world coins and is available in many public libraries.

You can also check current coin prices by basing it on the actual dealer coin price found in magazines and newspapers or online auctions such as Yahoo, Coin World, eBay or Teletrade.

Always keep in mind that you are not collecting coins primarily for money; you collect for enjoyment and self gratification, and profit is to be last consideration. The plain fact that a certain coin does not have a large monetary value, does not necessarily suggest that it is no longer interesting or fascinating or that it must not be included in your collection.

Each coin will have a certain interest in itself, regardless of the condition that it is in and regardless of its monetary value. There will always be a certain characteristic that will draw you to that particular coin; so when it does, then you should have it in your collection. Have fun!

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How to Make money with coin collecting series 17: Do's and Don's of Coin Collecting

How to Make money with coin collecting series 17: Do's and Don's of Coin Collecting

Coin collecting is something that takes time to learn. The most important thing to remember is that you are doing it for the right reason - if it is a passion, then it is something worth pursuing.

Collecting just for profit may work but it usually is not enough in the long run. A person really has to think about this since many people who have tried it for that reason have lost focus and failed.

Successful coin collectors take a lot of time to learn everything there is to know about numismatics. Good sources of information are magazines, newsletters and brokers who can pass on information and news, when it happens. By using the resources a person can act fast before other collectors who want the same thing get the information first.

If a person tries to collect without knowing the basics, he will never succeed in this hobby.

Knowing how to grade coins can also help the collector know the true value of the collection. This knowledge will be valuable if the owner decides to trade for something of greater value or it can prevent scamming and wasting money for something of little value. Be vigilant!

One of the virtues that coin collecting can teach a person is patience since the collection may take years to complete. Some of the well-renowned collectors in the world have spent many years before reaping the benefits.

Learning to think like a collector is very important. Being too eager is not good because the collector could be tempted to purchase or trade the wrong coin which could prove to be costly. Think twice about using the information given even if that came from a reliable source.

Coin collecting can be difficult especially if the person is just starting. A person, more than likely, can抰 afford to buy items worth more than $10,000, so it is best to start small and study the market for three to six months so that he can be comfortable before going after bigger prizes.

Coin collecting is similar to sports - it takes time to excel at it and goals, both short and long term, have to be established. By following the rules and using common sense, the person can become one of many other successful coin collectors.

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How to Make money with coin collecting series 16: Stamp Coin Collecting: The Valuable Twins

How to Make money with coin collecting series 16: Stamp Coin Collecting: The Valuable Twins

Humans are known to engage into different kinds of diversion to unleash the boredom that life sometimes provides. There are people who use coin, stamp, or sticker collecting to accomplish this while others are satisfied with other hobbies such as cooking, gardening, crafts, etc. All of these provide a certain kind of satisfaction that they can achieve in other activities.

Two of the most popular hobbies in the world today are the stamp and coin collection. The value of these two leisure activities is incomparable to other types of hobbies.

Why?

It is because coin and stamp collecting do not just embody the mere act of accumulating different kinds of coins and stamps but also personify the preservation of a nation history. Both stamp and coin collecting highlight the different images that are used to visually record a significant event or era in history.

The two have become indistinguishable as far as value and appeal is concerned. For people who wish to collect coins, stamps, or both, here are some of guidelines that you need to know in order to start.

1. Do some research

It is not enough that you are interested in stamp and coin collecting in order to start the activity, it is also important to do your homework first so that you will have enough knowledge about this activity.

2. Be wary when buying items

If you cannot obtain stamps and coins for free, and the only way to start your collection is to buy the items, be very meticulous about it. Know the seller reputation. Research his history and determine the length of time he has been in the business. The point being that the longer he has been in the business, the more reliable his reputation probably is.

3. Know how to identify the correct item

Do not just buy stamps or coins without learning how to classify and identify them. For coins, it is best that you know how to grade them. For stamps, you should know how to identify any slight disparities in the kind of paper used or other distinguishable features such as watermarks, color, or perforations.

These are just some of the many pointers that every stamp and coin collector must know. With these tips, you can now start your stamp and coin collection without difficulty and with confidence.

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How to Make money with coin collecting series 15: The Exceptional Truth behind Rare Coin Collecting

How to Make money with coin collecting series 15: The Exceptional Truth behind Rare Coin Collecting

Are you interested in coin collecting? Have you ever tried collecting rare coins?

Today, coin collecting, especially of those coins that are considered rare, is considered to be one of a few hobbies that are not just a mere pastime or leisure activity. Coin collecting can serve many purposes considered typical of this activity.

Coins have long been known as works of art because of the way the manufacturers carefully engrave the designs on the surface. Coins of a particular nation often portray the history of that nation with the engraving of the design on the coin.

Few people know that coin collecting can also be a profitable venture. Rare coins that are extremely hard to find are often valuable and when found can be a good investment. The rare coin collection market in the United States has boosted their sales in recent years from 348% to 1, 195%. According to the U.S. Rare Coin Market, the average price of $1,000 spent by an individual during the 1970s would be valued at almost $57,977 today.

What is the secret behind these rare coins that their value continues to increase with age?

Rare coins were able to maintain even when the economy is unstable. They have been able to stabilize the wealth of the nation by serving as 搃nflation fighters.?

Experts contend that through these rare coins, the economic wealth of a nation is sheltered from possible harm by functioning as an investment much like 揼old bullion? This is applicable during the times when the value of the paper money continues to depreciate.

The rarity of these coins is not constrained by being merely collector抯 items but they can also be considered a work of are and just like any work of art, may be priceless.

Rare coin collecting is not just like any other hobby. The concept of collecting such treasures is considered exceptional by itself and the monetary value can equal its distinctive character.

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How to Make money with coin collecting series 14: Coin Collectors Galore: Types or Specialties

How to Make money with coin collecting series 14: Coin Collectors Galore: Types or Specialties


If you are a coin collector, how do you categorize yourself?

There are various ways to collect coins as well as the specialties of collectors. Here is how to differentiate the variety of coin collectors.

The Casual Coin Collector: The Most Common One

You will know that you are a coin collector if...

- you collect coins no matter what your age
- you collect coins randomly just for the fun of it
- you do not pay much money for the preservation and purchase of coins
- you will collect some coins that are already obsolete, those that have been modified and are used my magicians, commemorative coins, those with errors, or those that are out of circulation
- your collection is made more interesting because of the coins given to you as gifts

The Curious Collector: The Second Level

You will be able to recognize yourself as a curious collector if...

- you are more interested in coin collecting than simply collecting them because you received them as gifts
- you don't mind buying coins, especially if they are inexpensive
- you are more interested in browsing coin shops than a casual collector
- you spend time surfing the net looking at coins sold on eBay or other coin sites
- you collect coins without a clear-cut objective
- you are inclined to increase your knowledge of coins and might soon contemplate becoming an advanced coin collector as you establish contact with more serious collectors who might inspire you

The Advanced Collector: The Extreme Collector

You can categorize yourself as an advanced collector if...

- you find yourself smitten by the "Hobby of Kings"
- you are either a generalist(a collector who wants to obtain a wide variety of coins) if you can to obtain an amazing collection youe your available resource; a completist?(a collector who wants to collect a complete set of a specific type)
- you lack resources and will opt for a smaller number of coins to complete a set, if you are a completist?
- as a completist? you prefer collecting coins from a certain historic period, nation, or you prefer collecting tokens or coins with errors.

No matter what level of coin collecting specialty you choose, it is your choice. What is important is that you find it rewarding and fulfilling.

So, have you found your category yet?

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How to Make money with coin collecting series 13: Gold Coin Collecting

How to Make money with coin collecting series 13: Gold Coin Collecting

Coin collecting is something that dates back to the when coins were first issued for trade. It was only in the Middle Ages that people turned this into a hobby because of the art work and the historical value.

Coin collecting today is still a hobby that many people enjoy. One of the most precious and most expensive collections that anyone can ever have are those of gold coins. The most expensive gold coin ever bought was worth around eight million dollars. This was the American 1933 Gold Eagle. This is why the collecting of gold coins deserves to be called the hobby of kings.

Gold coins were one of the oldest forms of money. This was later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design was the Liberty Head bust but this was only made until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 when the Great Depression began. This prompted the recall of gold coins which makes them very difficult to find today.

Since these are no longer in circulation, the price for one of this rare commodity is quite high. Gold is now used for other things such as jewelry or bars that people retain as an investment.

South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes.

Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.

A lot of people retain gold today as an investment because they speculate that the demand will cause its market value to increase. Others hold it as a form of insurance should the financial situation become worse. There was a point in time when the more paper money that was made, the higher the price of gold which maintained gold and cash as equal value. After this standard ended in 1971, this enabled government to produce more paper currency without increasing the price of gold.

Since gold coins can longer be used to purchase merchandise most coin collectors just keep them to remember that people once used them.


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How to Make money with coin collecting series 12: Free Coin Collecting Software

How to Make money with coin collecting series 12: Free Coin Collecting Software

Coin collecting is one hobby that has been going on for ages. Some of the most popular collectors in the world were Louis XIV and the Sun King. To keep track of the coins in the collection or to monitor the value of rare coins in the market, it pays to have coin collecting software.

There are many reasons why coins are collectible. Some are valued because of the artwork and others because of certain events in history such as the Great Depression or war .Whatever the reason, coin collecting software can update a person about these varieties before taking any action.

Some inventory programs contain a comprehensive database of more than 10,000 coins worldwide. The software allows the user to scan pictures in one抯 collection and programmed in the database.

Others only have a database of every coin that the United States ever minted. The program allows the user to select the coin and generate various reports about it.

Coin collecting software is there to help a person organize and catalog the coins in one抯 possession. Some websites charge a fee to purchase the software but most can be downloaded for free from the internet. The program will work as long as the computer being used is compatible with the software.

There are more coin collectors that collect coins that are still in circulation than those who look only for the rare ones. The study of it is fascinating since a person can learn the history of a nation based on a few coins. Of course, this can only happen if a person has the time to do it.

Coin collecting software has given people an easier way to keep track of coins that they own. Instead of opening countless folders that have different coins in them, a person can just type a few words and the information can be seen on the monitor. This makes it easier for the collector to show his collection a potential buyer in with the hope of exchanging it for another coin of equal or greater value.

The ideal coin collection software program should have good search capability, unlimited number of entries and other special features. By checking the various programs and trying some, the person will find the right one needed for the job. Before downloading it, the person should first have it scanned since software may contain a virus that could harm the computer.

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How to Make money with coin collecting series 11: A coin is worth more than a coin

How to Make money with coin collecting series 11: A coin is worth more than a coin

Coin collectors, old and new, have always wondered whether the coin or coins they have in their possession are worth more than the face value today - or in the foreseeable future.

Even though that a coin which has little or no value monetarily is not necessarily one would not keep or make part of one's coin collection.

The following are basic factors which could influence a coins value.

How rare or un-rare is it?

Generally, the concept that everyone knows and follows is this: the rarer a coin the higher the coin's worth. This rule is true in some cases and ?fortunately or unfortunately ?false on the others.

There was a situation where a Chinese coin, a thousand years old, sold for only a few of dollars because there were many of the thousand-year-old Chinese available. Compare this to a coin made only in 1913, a nickel specifically called a Liberty Head, which could sell for (hold your breath) one million dollars! It is known that only five of these coins exist, consequently the enormous monetary value.

Is the coin in good condition?

The better the condition of the coin, the better the price that it would bring on the market, because the grade of the coin would match its condition. A coin that is in mint condition - add to this that it is basically an uncirculated coin ?is actually worth one hundred times more than a similar coin that is just in average circulated condition.

Demand and supply

Sometimes, when the demand for a specific coin is high, that coin's worth ?despite the number of them available ?is just as high.
Take the example of the coin dated 1916-D, and compare it to the value of a coin dated 1798. Many people prefer to collect coins of the 20th century rather than those that are from the 1700s. The 1916-D dimes sell higher than the much older 1798 coins. The fact that there are more (approximately four hundred thousand) 1916-D coins than there are dimes from the year 1798 (only about thirty thousand), does little to affect the price of each.

It is best to have a professional coin dealer grade the coin(s) and determine the value of any coin(s) you may own. Who knows, it could be worth more (or less) than what you think.

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How to Make money with coin collecting series 10: The coin-price is right

How to Make money with coin collecting series 10: The coin-price is right

There are many resources that can help coin collectors, old or new, in determining the value and worth of the coins they have.

There are books out, the Red Book?(A Guide Book of US Coins), the Blue Book?(A Handbook of US Coins), as well as coin newsletters and catalogues available at any public or private library, coin dealers/shops anywhere in the US. There are also online guides for the prices of US coins available on the web, specifically the NumisMedia site.

For a synopsis of the price of each coin, the following are the basic values of each cent, penny, or dime in the market.

The United States wheat-cent, the circulated ones

The price of these coins made prior to 1958, or those that are dated 1940, are currently being purchased by coin dealers for two cents each, or less. Those made before 1940 command a much higher price - from a few more cents to a few dollars.

The silver-dollars

Silver-dollars from the US, especially those made before 1935, have almost an ounce of silver in them. These coins are the favorites of coin collectors and could be sold for more than their actual value in silver if they are undamaged or not worn severely.

The dollars of Susan B. Anthony

If by luck you happen to get one of these as a change, the value is more than a dollar and proof Susan B. Anthony dollars command even more. They are not easy to fine as they are not usually being circulated.

Quarters, dollars and halves the bicentennial kind

There were billions of these coins made out, and because there are so many of them, their worth is usually just face value. There are coin dealers however who pay ten percent of the face value as premium for circulated bicentennial coins, and a few dollars more for those that are uncirculated.

A freak coin

Believe it or not, there are two-headed coins out there. Basically, these are coins with two different designs on each face. These coins were made in error and mistake was not discoverer until the year 2000. This type of coins is usually called ules. In 1999, it was found that a cent with Lincoln face on one side and Roosevelt dime image on the other existed.

It you find a coin of this it must be taken to a legitimate coin dealer and assessed to determine if is genuine. If so, this coin could be put up for auction and command a few dollars more.

It is therefore true that a coin is basically worth more than meets the eye.

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How to Make money with coin collecting series 9: How to Earn Your Coin Collecting Merit Badge

How to Make money with coin collecting series 9: How to Earn Your Coin Collecting Merit Badge

There is more to coin collecting than just keeping coins. There is something at stake for those who make an effort to know what they are collecting: the Coin Collectors Merit Badge.

A person who wants to acquire a merit badge must prove himself to be someone who knows a lot about coins.

Here are some of the things that a coin collector must know in order to earn the Merit Badge.

1. The Grading Scale

Merit badge aspirers must be very knowledgeable about the different grades of coins. They must master how to assess coins and categorize each coin as:

- Poor
- Fair
- Good
- Very good
- Fine
- Very fine
- Extremely fine
- Uncirculated.

They must also present five examples for each of the categories given above.

2. Coin Terminologies

Coin collectors must familiarize themselves to coin terms such as encapsulated?coins, roof coins or legal tender to get the merit badge. They must be able to determine if coins are buzzed?or phizzed?

They must also show competency in explaining the following:

- Clad
- Date set
- Observe
- Reading
- Reverse
- Type set

3. Coin Storage

For a coin collector to achieve a merit badge, it is important that he knows how to take care, store and preserve coins.
Coin collectors must be able to demonstrate thorough knowledge in coin collecting by showing the councilors different methods of coin storage. It is expected that the advantages and disadvantages of the methods will be provided as well.

4. Coin Anatomy

Knowledge of the parts of the coins will give important information. That is why coin collectors who want a merit badge must know where the mint marks are located in various coins and they must also know where to look for the initials of the coin designer.

5. Miscellaneous things about coins

The councilors will be very pleased to hear stories about what you have learned about coins. These recollections may come from reading coin journals, attending workshops or seminars, joining a coin collectors?club, or visiting mint facilities.

It is also expected that coin collectors know a lot about coins from other countries as well.

6. Counterfeit coins

A coin collector must have a perception of whether a coin is authentic or counterfeit.

Reading coin guides or interviewing personnel from mint facilities will be a help in this situation.

After knowing these things, you are now equipped with the knowledge needed to be worthy of the coin collectors?merit badge.

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How to Make money with coin collecting series 8: Coin Collecting Basics: Your Own Coin Collecting Kit

How to Make money with coin collecting series 8: Coin Collecting Basics: Your Own Coin Collecting Kit

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

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

1. Coin Guides

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

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

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

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

2. Coin Inventory Record

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

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

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

3. Coin Containers

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

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

4. Silica Gel

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

5. Magnifying Glass

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

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

6. Lamp

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

7. Handling equipment

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

Now our basic coin collecting kit is complete. Enjoy!



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How to Make money with coin collecting series 7: Keeping Coins Clean Using a Folder

How to Make money with coin collecting series 7: Keeping Coins Clean Using a Folder


The price of an antique item goes up if it is kept in good condition. By having it stored in a safe place, one can be sure that it will not be damaged by the elements or by negligence that will reduce its value in the market.

Coins are easy to take care off. For those who have been doing this for years, such collections are usually framed or under glass and are often seen in places such as a large museum. But to individuals who are just starting out, putting it in an old shoe box or jar will do.

Later, when the collection is larger, it is time to invest in a coin folder that would better protect and hold the coins. These folders can be bought in different sizes depending on the type of coins the individual is collecting. The coins can be stored in individual plastic pockets or in sheets that make up the album. They are available at the local coin store or can be ordered from the web. The advantage of using these is that they are handy to carry around make it easy for the person to show. These can be brought to exhibits and other venues where the coins can be traded, sold or exchanged with coins that other people may have.

Keeping the coins in mint condition does not only mean storing them in a folder. Whenever the person adds a new coin to the collection, it is ideal to first have it cleaned before putting it in with the others.

This can be done by taking it to a coin shop and paying for the services, or if you prefer to do it yourself, is by soaking it in a liquid such as vinegar, rubbing alcohol, lemon juice or ammonia which is sure to remove any dirt or encrustation that are present when it was acquired.
They should then be air-dried or patted dry with a soft cloth. It is not a good idea to rub or polish the coins since scratches can occur that may decrease its value in the market.

Serious coin collectors value the importance of storing these valuables in a safe and secure area. By investing in a coin folder, the person can be sure that the value of the coins will go up either when the demand calls for it or when there is a need to part with them.


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How to Make money with coin collecting series 6: Is it Safe to Sell Coins to a Dealer?

How to Make money with coin collecting series 6: Is it Safe to Sell Coins to a Dealer?


Coin collecting can be a lot of fun. This hobby which dates back to 2500 BC is much larger now since people are now able to collect currencies from other countries.

If a person decides to dispose of some of the coins in the collection, it is necessary to know its value by looking at a coin catalog or price guide. There are many ways to do this and one is looking for a coin dealer to do business with.

There are a lot of coin dealers around. Some can be found by asking the local coin club or a numismatist who can give a good referral while others can be found at an auction or in a coin exhibit. These people frequent such events looking for a good buy to add to an existing collection. A lot of these individuals can also be found on the web.

To be sure that the person is getting a good price from a coin dealer, it is an excellent idea to visit more than one place to find out who is willing to buy it at the highest price. If the person feels that the price is too low, then perhaps it is better to wait until another time since the value of coins depends on scarcity, condition and demand.

Some people think that doing business with a coin dealer isn抰 a good idea since this person will offer to buy the coins at a lower price. This notion however is wrong since there are ways to ensure that this person will be honest.

To avoid by being conned by someone who claims to be a dealer, it is necessary to determine that this person is a member of the Professional Numismatist抯 Guild. This organization is composed of the world抯 renowned collectors of antique coins and paper money. Since there are strict rules that members abide by, one can be sure that the transaction is safe.

Coin dealers are not just there to buy something, these people may also offer for sale a coin that is valuable to the other person. By getting to know the dealer, an agreement can be reached that will benefit both parties, which does not always end mean buying, but also trading or bartering.

Everyone has the potential of making money even if this starts out with only a few coins. By knowing where to find these rare collectibles and doing business with a reputable dealer, one can be sure of making a profit ?if not a small fortune.

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How to Make money with coin collecting series 4: Joining a Coin Club

How to Make money with coin collecting series 3: Joining a Coin Club

People engage in social activities for many reasons; most common is sharing in the same interest and passion as other people. It is in places like these that information about a certain subject is shared and new ideas and trends are revealed that keep its members up to date with current events that happen in that club.

A coin collection club is the same. Since the number of people who have been doing coin collecting has increased over the years, the vast network involves numerous clubs in several states. In these clubs amateurs and professionals can share, trade and bid for new items to add to their existing collections.

There is never a wrong time to join a club. The challenging part is looking for one. You can start by asking the local coin dealer for help.

Some coin clubs can even be found on the internet and they will require that a membership fee be paid. Coin clubs often can also be found in the newspaper especially when events are advertised that invite the public to come and visit the exhibit.

If a person is still having a hard time finding a coin club then inquire at the local library or the Chamber of Commerce as they may be able help provide information.

One benefit of being a member is that it is easier to find someone who will buy coins at a good price. Or perhaps other members may want to part with some of their coins in exchange (called bartering) for other coins. Most local coin stores only have a limited selection that is available for trading.

Another benefit of becoming a member is obtain articles which feature a certain coin collection or discover better ways of caring for a collection. The club also informs its members about upcoming events so the individual can plan ahead to be able to attend the events.

Coin clubs are formed so that everyone who loves coins can have fun. This means that it is not only for those who have a collection at home; it is open to novices, experienced collectors who have done it for years, as well as coin experts They build a network that enable collectors to assist others. To become a member of a club just find a suitable one and join the fun!



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How to Make money with coin collecting series 4: Finding Rare and Collectible Coins

How to Make money with coin collecting series 4: Finding Rare and Collectible Coins

Coin collecting was started only as a hobby for most people, however you can hear what other people say (or you probably have heard yourself) about news of people cashing in on their old coin; and that encouraged more people to go on a coin-collecting streak. If you are one of those people who want to invest in coins, here are several places to start your collection.

Coin Shops:

Many shop owners are dealers that know a lot of information about coins and are selling coins too. These coin shops are a valuable place to find and gain more information about coins and coin collecting. These coin shops can be costly, though, as they are anticipating selling their coins for a profit. With enough knowledge and/or having someone who know a great deal about coin collecting at your side, you can get great prices for your coins.

Coin Shows:

There are times when your local mall will have an exhibit from several coin dealers and that will let you see all of the collections and allow you to buy some coins for a lower price due to the competition. You will probably also see several new coins that are available and suitable for your collection.

These coins shows are great not only for sellers and buyers but also for coin enthusiasts who want to see rare and hard to find coins.

Mail Orders/Web Sites:

There are thousands of dealers worldwide and most of them have websites that allow buy coins and pay for them through mail order or through any online payment system such as Paypal. You should do your research on these companies and read their terms carefully to make sure that you can get your money back when you have a problem with the coin you purchased and/or received.

For every legitimate web site, there are may be hundreds of fake web sites that are just attempting to get your money. You should always ask for feedback from previous customers before paying anybody online and remember not to give out any password or pin numbers.

Flea Markets:

It would be surprising place to find rare coins at a flea market, but stranger things have happened. These places have different ideas about pricing which is due to their lack of understanding of how a coin should be priced. You will find overpriced coins but if you are lucky you might find a rare coin somewhere in those stacks of coins that will make it worth your while.

Flea markets sellers are usually looking for a quick sell and would probably give you discounts when you buy their items in bulk. Try to buy other items and get your coins added as a bonus.

Auctions:

If you are looking to invest in really, really rare coins, the best place to go would be an auction. Auctions are the only place where you can find people selling their rarest and most expensive coins. Several of these auctions are happening online at the same time and most of the sellers are looking for the highest bidders. You must be aware and warned that some of these sellers are frauds and will not make the price you pay worthwhile. You should try to learn more about these coins and their worth before trying to buy one from an online auction.

Other Coin Collectors:

Coin collectors usually have duplicate coins that they are willing to sell for a price lower than its market value. The only problem is it is hard to find another coin collector that collects the same coins as you. The best places to look are online groups, forums and (if you have one) local groups.

Other coin collectors are the best people to turn into when you want to start your own collection. They can offer you tips, discounts and some might even be tempted to give you some of their coins to kick-start your collection.

Coin collecting is like any other investment the value will fluctuate: they may depreciate in value and/or gain value at any time. The best way to profit in coin collecting is keep updated with the news and the prices of the coins. This will not only help you in not being fooled by merchants but by learning how to price a coin even without a price list.

About the Author:
-----------------------------------------------------------------
Copyright © Edmund Tai
How to make money coin collecting

How to Make money with coin collecting series 4: Finding Rare and Collectible Coins

How to Make money with coin collecting series 4: Finding Rare and Collectible Coins

Coin collecting was started only as a hobby for most people, however you can hear what other people say (or you probably have heard yourself) about news of people cashing in on their old coin; and that encouraged more people to go on a coin-collecting streak. If you are one of those people who want to invest in coins, here are several places to start your collection.

Coin Shops:

Many shop owners are dealers that know a lot of information about coins and are selling coins too. These coin shops are a valuable place to find and gain more information about coins and coin collecting. These coin shops can be costly, though, as they are anticipating selling their coins for a profit. With enough knowledge and/or having someone who know a great deal about coin collecting at your side, you can get great prices for your coins.

Coin Shows:

There are times when your local mall will have an exhibit from several coin dealers and that will let you see all of the collections and allow you to buy some coins for a lower price due to the competition. You will probably also see several new coins that are available and suitable for your collection.

These coins shows are great not only for sellers and buyers but also for coin enthusiasts who want to see rare and hard to find coins.

Mail Orders/Web Sites:

There are thousands of dealers worldwide and most of them have websites that allow buy coins and pay for them through mail order or through any online payment system such as Paypal. You should do your research on these companies and read their terms carefully to make sure that you can get your money back when you have a problem with the coin you purchased and/or received.

For every legitimate web site, there are may be hundreds of fake web sites that are just attempting to get your money. You should always ask for feedback from previous customers before paying anybody online and remember not to give out any password or pin numbers.

Flea Markets:

It would be surprising place to find rare coins at a flea market, but stranger things have happened. These places have different ideas about pricing which is due to their lack of understanding of how a coin should be priced. You will find overpriced coins but if you are lucky you might find a rare coin somewhere in those stacks of coins that will make it worth your while.

Flea markets sellers are usually looking for a quick sell and would probably give you discounts when you buy their items in bulk. Try to buy other items and get your coins added as a bonus.

Auctions:

If you are looking to invest in really, really rare coins, the best place to go would be an auction. Auctions are the only place where you can find people selling their rarest and most expensive coins. Several of these auctions are happening online at the same time and most of the sellers are looking for the highest bidders. You must be aware and warned that some of these sellers are frauds and will not make the price you pay worthwhile. You should try to learn more about these coins and their worth before trying to buy one from an online auction.

Other Coin Collectors:

Coin collectors usually have duplicate coins that they are willing to sell for a price lower than its market value. The only problem is it is hard to find another coin collector that collects the same coins as you. The best places to look are online groups, forums and (if you have one) local groups.

Other coin collectors are the best people to turn into when you want to start your own collection. They can offer you tips, discounts and some might even be tempted to give you some of their coins to kick-start your collection.

Coin collecting is like any other investment the value will fluctuate: they may depreciate in value and/or gain value at any time. The best way to profit in coin collecting is keep updated with the news and the prices of the coins. This will not only help you in not being fooled by merchants but by learning how to price a coin even without a price list.

About the Author:
-----------------------------------------------------------------
Copyright © Edmund Tai
How to make money coin collecting

How to make money coin collecting series 2:What Types of Coins Do Collectors Love?

How to make money coin collecting series 2:What Types of Coins Do Collectors Love?

Simplicity is not the best policy when it comes to coin collecting. Oftentimes it is the rareness, the history, or the mother country of the coins that collectors value most.

Here is a wide array of the variety of coins that "coinophiles" are obsessed with:

National Coins: Patriotism in Coins

Usually, national coin collectors are interested in collecting their own country's coins. It is common practice for collectors of national coins to get a representative coin from each date and mint marks for each coin series. Various national coin collectors combine a unique variation of series, date and mint marks.

Error Coins: It's OK to be Not-So-OK

One of the modern types of coin collecting is known as error coin collecting. Errors became possible when the production of coins was automated during the nineteenth century. Collectors of historic coins are fine with error coins because they like the uniqueness or error coins. Even modern day coin collector falls in love with error coins because they are assured that the modern processes promise that they are unique. The characteristics or coin errors include the following:

- dies that are doubled
- mint marks that are repunched
- over-dated
- double strikes
- coins that are off metal
- coins that are displaced or off center
- coins that are clipped
- one coin with different nominations on two sides a.k.a. mules

World Coins: Hobby of Kings of the World

Collecting world coins is about gathering those modern coins from all the countries of the world. Geographically-challenged individuals will have a hard time participating in this kind of coin collecting. If you would like to be a collector of world coins, you must be prepared to spend a considerable amount of money if you would want to have an extensive collection - being a etsetter might be required. World coin collectors often acquire representative coins from each country or from authorities that issue coins. There are also world coin collectors that collect by subject such as those coins that feature animals.

Historical Coins: The Value of the Past

Collectors of historic coins find value in mints that are from medieval or ancient times. The most popular of these historic coins include the following:

- Byzantine
- Celtic
- Greek
- Indian
- Israelite
- Merovingian
- Ostrogothic

There are other ancient coin specialties but it really depends on the preferences of the collectors. The popular way is to collect the coins that were minted during the reign of a certain emperor or king.

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