How To Obtain Silver Us Coins Via Auctions

November 29th, 2009

Many silver coins collectors who wants to sell or purchase coins, use coin auctions or bidding which is a good way to go.

Silver coins auctions is probably the best way to secure coins that have significant values. Coin auctions are the best source of rare coins if one want to sell their coins to the highest bidder and that is of course the case for most of us.

Traditional ways of selling and purchasing coins are different from auctions because coin auctions entail some rules and regulations that both seller and auction bidders must adhere to.

First of all, there are three sorts of silver coin collecting auctions and these are as follows:

A. Auctions through traditionally mail bidding

This sort of coins auction, sellers will put ads up and publish coin auctions through ordinary mail. This is most beneficial for collectors who want to take part in the activity but can not be personally present to the event.

Commonly, sellers have mailing lists available and it is used to distribute catalogs which contains descriptions and images of the coins on sale. At times it might show the starting bid value and other important info.

Sellers mailing lists, the catalogs/ brochures are distributed to potential customers. These lists might also be sent to previous customers and are quite common to do.

B. Telephone Auctions

This auctions are taking place through phones. Similar to traditional mail bidding, phone auctions must be aware of the rules and regulations which sellers and bidders have to follow.

As soon as the highest bid is registerred, the coin goes to the bidder. However, there are certain instances were collectors might ask the sellers for an approximate selling price but all rules still are the same, previous bids are of no disclosure.

C. Online silver coins auctions

These sorts of auctions is very popular because interested collectors find a particular coin and is able to see the quality of the coin. Bigger interaction between sellers and buyers might also be obtained as sellers can instantly be in touch with the bidders for vital info.

A drawback to this sort of silver coin auctions is that using internet, bad people can deceive coin collectors into believing that what they observe on the screen is the same coin which are won.

Any of these methods can provide collectors with excellent ways of obtaining superb coins available on the market. But make a budget and stick to it.

Harald Hoel, is a collector of us silver coins. He posess great knowledge about silver coins, especially silver us coins.

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What Makes a Coin Valuable

November 21st, 2009

 

Numismatics, or coin collecting, is a popular hobby.    Whether you search through spare change for state quarters, gather coins from specific years or purchase proofs as an investment, collecting can provide the opportunity to learn more about the history of our country.Coins usually have value as currency on the street, but how can a new collector learn what, if any, additional value may be attached to his or her collection.

Surprisingly enough, age isn’t the only feature that makes coins valuable.  In the United States, coins are valued based primarily on the scarcity of the item and its condition.  For Modern U.S. coins like the American Eagle silver coin, this is even more true.  For more tips, you can visit:  http://www.bmgtrading.com.

What makes a coin scarce? Several factors, but often there is a strong historic tie.  For example, almost any coin in recognizable condition that was minted in San Francisco in 1870 would be considered very valuable.  This is because 1870 was the first year of operations for the San Francisco location so relatively few coins were produced.  A more extreme case can be found by the 1933 Sain-Gaudens Double Eagle coin.  This was the year President Roosevelt took the country off the gold standard.  All gold coins were recalled, but a handful did not make it back to the mint for melting.  One of these coins was discovered in 1992 (and confiscated by the Secret Service.)  The face value of the coin was $20, but in 2002 the coin was sold at auction for more than $7 million dollars.

Another key concern is the condition of a coin.  Coin collectors in the U.S. use the Sheldon Grading scale.  The scale gives values ranging from1, for a barely recognizable coin, to 70 which is an ideal but only exists in theory perfect coin.  Most coins fall in the range between 8 (for very good) to 50 (almost uncirculated).  Uncirculated coins have a further scale starting at 60.  Anything above 66 is rarely seen.

In conclusion, for casual collectors two pieces of advice.  First, don’t alter your coins.  Colorized, marked or even cleaned coins can all be classified as altered.  Alterations can severely limit, if not destroy any collector’s value for a coin.  Secondly, if you have questions about a coin’s value do some preliminary research yourself – there are many organizations like the American Numismatic Association where you can learn more. – then if you believe you need more help, contact a reputable expert.

Daniel Wareham has been a long-time coin collector and a coin dealer since 1999. He has a special interest in US coins, and has a successful coin trading business where Modern US coins like the American Eagle silver coin may be purchased at his website.

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Collecting and Investing in Double Eagle Coins in Today’s Economy

November 5th, 2009

In today’s turbulent and volatile economy, you may be apprehensive when someone tells you that it is a good idea to collect or invest in double eagle coins. I mean, money is so hard right now that you barely have any time to do some investing, let alone invest in something for the purpose of collecting instead of making money. However, if you look closely, you’ll see that collecting and investing in double eagle coins is a smart move. Why? Well primarily because it is gold. Gold has a lot of uses including some forms of commodities. Gold is also a liquid investment, which means that it is like cash except in a different form.

Additionally, double eagle coins are rare collectibles that have a long history. Because of the long history behind the coin, its value has risen exponentially. Moreover, the coin itself played an important role in past presidential eras, like Franklin D. Roosevelt’s term. Also, the coin is highly regarded in other cultures. The double eagle coin has a lot of different variations mainly because other countries have put high importance in its craftsmanship and coinage. In fact, due to the rarity and quality of the coin, a lot of manipulative individuals have replicated it in order to take advantage of naïve buyers. So always be careful.

One more reason on why you should invest in double eagle coins is because you get to buy gold in cheap batches. If you were to buy gold in a conventional market, you would have to buy it by the ounce. Sometimes, double eagle coins come in less than an ounce making it easier for you to make a purchase. Every investor knows that buying slowly and steadily is the sure fire way of having a good return for your money.

Collecting double eagle coins is also very advisable. The art of collecting is very profound and scholarly. Not only do you get to understand the background of your collections, but you also develop some kind of passion for your collections. It is not only an admirable task, it is also a sound and intelligent way to spend money. You get to enjoy a hobby while increasing your net worth at the same time. Some people may actually say that this is the best type of investing. Come to think about it, you’re not really buying the coins for investment purposes; you’re buying them because you have a sense of enthusiasm for the history and artistry of the coin. And as a by-product, you are able to invest.

To learn more about Double Eagle Coins, I recommend you checking out Gold Double Eagle Coin. It is a specialized American Double Eagle coin for sale site, offering a great selection of gold Double Eagle coins for sale. This website makes finding your dream American Double Eagle coins a million times easier. Be sure to try this website before you buy.

Wilson Snyder is a freelance writer. Learn more about Double Eagle Coins at Double Eagle Coin Shop.

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Investing in Gold Double Eagle Coins

October 24th, 2009

Investing in double eagle coins is a definitely a wise investment decision; as of 2009, coin collectors have illustrated a serious desire for gold double eagle coins because of their impressive resiliency. Now, ultra high relief coins are accessible; these coins have a face value equivalent to twenty dollars, and the United States mint recently minted an additional 2,200+ that coin investors can invest in. This actually ups the total of available gold double eagle coins to more than 82,900+ coins.

As a testament to the appeal of double eagle coins, one will find that the Mint from the United States has sold well over 816 thousand of the gold double eagle coins this year alone. The newest, ultra high relief gold double coins were just offered in January of 2009; these coins are offered with 24 karat gold and thus they prove intensely desirable to the coin collector.

When a coin collector invests in Double Eagle Coins from the United States Mint, he or she gets the coins in a beautifully crafted box. The box one receives is made of the finest mahogany wood material, and the coin collector gets a full color brochure detailing the new piece that they will be adding to their existing coin collection. The coin collector will find that the interior of the box is fully line with a soft velvet to keep the coins protected during shipping and display, and a special platform inside the box makes for super easy coin presentation too. Every coin weighs in at a full troy ounce or just over 31 grams. The gold double eagle coins possess a diameter equivalent to 27 millimeters, and a thickness equivalent to four millimeters. When compared to other US Minted coin options, these coins can prove to be as much as fifty percent thicker.

These coins come crafted with an eagle on the reverse side of the coin, and a liberty design on the obverse side of the coin; the same designs found on the original Saint-Gauden’s double eagle coins crafted in the year 1907. These coins have been digitally replicated and enhanced to offer a finer design, more stars, and a superior edging to the coin as well. These coins are marked with MMIX: the Roman numerals indicating the present year and the minting date of the coins.

To learn more about Gold Double Eagle Coins, I recommend you checking out Double Eagle Coin . It is a specialized American Double Eagle coin for sale site, offering a great selection of gold Double Eagle coins for sale. This website makes finding your dream American Double Eagle coins a million times easier. Be sure to try this website before you buy.

Wilson Snyder is a freelance writer. Learn more about Gold Double Eagle Coins at Saint Gaudens double eagle.

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Which Coin Grading Service Should You Use?

October 13th, 2009

Even those that possess great experience collecting rare and difficult to find coins understand the importance of knowing the worth of their coin collection. They also realize arriving at an accurate assessment of the value requires an appraiser with solid experience and knowledge. To ensure such accuracy is arrived at, collectors will take their acquisitions to reliable coin grading services.

Two of the most oft repeated names in the coin grading service industry are the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS). Both of these services are considered the most superior in the business and this makes their services strong in demand. Of course, this also makes their fees high and their availability limited. As such, one must look for alternate services that deliver solid results.

Of course, it is not always easy to find a reliable service. One should weigh several criteria before selecting an actual service. The following is a brief look at the main criteria one should apply:

Knowing a general idea as to how many coins have been graded in the past will certainly be helpful in regards to selecting the right service. Some may be curious as to what the quantity of coins graded in the past has to do with the viability of the service. Is not quality more important than quantity? Honestly, you cannot have one without the other when it comes to coin grading services. A company that has graded a significant amount of coins is surely one that offers quality assessments. Repeat customers will not provide return business when the grading service has been inaccurate. So, those services which have grades scores of coins over the years will usually be a solid venue to take one's coin collection.

It is also necessary to learn whether or not the value suggested by the service matches what the coins that have traveled through the service have received at auction. When the auction commences, the opening bid should be reasonably close to the grading value the coin received. If the accuracy of the grading service is not accurate, the eventual coin auction could prove problematic to say the least. Really, if the service is not presenting accurate value estimations, then the service will be of little value. Conversely, those coin grading services known for their accuracy remain among the very best to take your business.

Those coin grading services that offer quick turnaround time are also those that deserve collector patronage. There really is no reason a collector should wait excessive amounts of time for their grading results to come in. No, this does not mean the service should rush the work at the expense of quality. That is certainly not advisable. However, no one should wait longer than what is needed to receive accurate coin grading. Remember, timeliness is always an attribute that is beneficial.

The availability of a sliding price scale presenting fair fees to collectors is another common sign of a reliable service. While both professionals and hobbyists collect coins, their motivations are different. That means they both might require different grading processes. (Hobbyists can appreciate generalizations but professional auctioneers will need detailed accuracy.) As such, offering different prices based for providing different grading processes is certainly helpful. It certainly does help in presenting coin grading accessibility for all. So, consider the availability of a sliding scale of coin grading fees to be another sign of an excellent service.

Tom runs Coin Collecting Values where you can learn more about coin grading services and in coin collecting.

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