Coin Collections – Appraising The Value

Thursday, April 9th, 2009

In the art of collecting coins, it’s an exciting feeling to find out just how valuable your current collection actually is. For novice coin collectors, it’s quite understandable if you still are not able to ascertain the different values to be found in coins. However for veteran hobbyists, the guidelines for properly determining the true value of a coin should pose not much of a problem in understanding, as expert collectors mostly have been oriented by dealers and numismatic experts on the basics of evaluating coin collection values.

First-time coin collection hobbyists need to know that each type of coin differs, and all coin values are different depending on the coin's rarity and the coin's grade. If you’re not sure what the exact values are, the next best thing to do is to have an expert evaluate your coin existing collection. If you wish, you may also have a number of experts conduct an appraisal on your collection. These individuals will surely have the experience and knowledge to help beginners appraise the right values of their coin collection. It’s worth knowing that the value of your coin should be approximately what you expect to pay when you sell them. First, before you head straight for an expert appraiser, you need to gather adequate data about the types of coins that you are inclined to add to your current collection. While you could get info from a wide array of sources, such as the Internet, just ensure that you are acquiring information from reputable and knowledgeable sources. The local public library could serve as a vital information hub, where you can get good-quality data regarding coin collecting values, as well as tips on the coin grading process. Once you immerse yourself on the required amount of information for properly appraising the values of a coin collection, you will then be able to fully understand the otherwise technical information that would be given by most expert coin appraisers. The good thing is that, you may even find an expert who would be more than happy to share with you his or her knowledge, and educate you further regarding the tricks of finding out a coin collection’s value, as well as share other stuff about coin grading and coin pricing. In getting advice from expert coin value appraisers, don’t be afraid, or be hesitant, to ask questions. Apart from asking questions, you also need to fully listen to his or her advice as well, because in the world of coin collecting, your coin’s value is always constantly changing. It would also be helpful if you read more about the intricacies of coin collecting, and sharpen your skills as well on the process of coin grading and other vital aspects.

A coin collector’s life is an evolutionary process of sorts, and each day comes with it a new breadth of experience, which surely will widen your horizons and sharpen your skills. After learning all the aspects of determining coin collection values, you will find it easy determining which coin is valuable, and which ones are not. You could try honing your skills by hopping from one coin shop to another, and try appraising each coin with the help of other collectors and expert dealers.

HERMAN KLEIN is a coin collecting expert. For more information on coin collection values be sure to visit http://www.coincollectingstartshere.com.

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A Brief History Of Coins

Friday, March 13th, 2009

A Brief History Of Coins

http://www.treasurycoincollecting.com/coin-collecting-history.html


Initially collection of the coins seemed to be very difficult, it is said that after the first coins were minted around 650 B.C. the hobby was gradually picked up. Precious metals like gold or silver were cautiously weighed and exchanged for goods. Because of the fraudulent dealers trying to lift things by passing a lower quality of metals coins made of standardized weights of precious gold was replaced by the barter system that was used earlier. Coins rapidly became the latest form of payment for goods.

To design the faces and figures on their coins Greeks were the ones in the fifth century who started commission too the artists. They normally used depictions of gods, goddesses and mythical heroes. As an alternative of idealistic representations on the coins, Alexander the Great started the fashionable trend of using pragmatic designs.

To bring awareness in coin collecting Francesco patriarch, was the fourteenth century Italian scholar and the poet nicknamed the father of Renaissance, was the first coin enthusiast and probably was the most renowned coin collector. During the renaissance period he soon became admired by the popes as the hobby adored recognized for its art and value into a passion. The face value of the coins that were not in exchange was used to get paid highly even after the facts points out to Roman emperors. "The Hobby of Kings", an overlay was given by the passionate renaissance nobility and the overlay was quickly referred to coin collecting. France was also immense coin collectors and to name a few Kings like Louis XIV of France, Ferdinand I and Henry IV. The Berlin coin cabinet was started by Elector Joachim II of Brandenburg.

In 1962 in Detroit, Michigan the first international convention for coin collectors was held on August 15th through the 18th. It was sponsored by the American Numismatic Association and the Royal Canadian Numismatic Association. It was calculated that 40,000 people were in attendance.

Until the start of 1792, with the passing of Coinage Act, the United Nations did not formally start minting coins. As the authorized unit of monetary exchange throughout the states, the act legalized the United States dollar. At the time it coined the US Silver Dollar, the Philadelphia Mint were the first to manufacture US coins. It was later joined by the Denver Mint in 1906. Essentially produced proof sets and gold coins were by the San Francisco Mint and West Point mint. Depending on the mint where it was fashioned, each coin in United States is marked with P, S, D or W.

As of today there are millions of people awestruck by coin collecting and various different museums that display valuable and odd coin collections. These museums comprise the Smithsonian in Washington D.C. as well as the American Numismatic society in New York City which was established in 1891 to persuade education concerning coin collecting. Numismatics enjoys the adventure of potentially finding of something exceptional and precious but also acknowledges the coins themselves for their artistic and historical value.

http://www.treasurycoincollecting.com/coin-collecting-history.html

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Why You Need To Consider Your Coin Collection Value

Thursday, March 12th, 2009

The coin collection value is the most important aspect of coin collecting for most collectors. Many people regard coin collecting as an investment, so they need to be updated with market demands. In general, the valuation of a particular coin depends on its condition, mint rarity and denomination which is why collectors must build up their knowledge in these areas.

There are many price guides which are used for referencing by coin collectors. "The Standard Catalog of World Coins" by Chester L. Krause and Clifford Mishler manage to cover coins starting from 1601, all the way down to the present time in five volumes. In the book, coins are identified and their prices are listed.  When trying to determine my coin collection value I have often referred to this publication and can personally recommend it as a good source of information.

A guide book for United States coins called the "Red Book" is published annually and is also a respected authority as a retail price guide. The "Blue Book" and the "Black Book" are also well established price guides to determine the value of a coin and thus the coin collection value. The "Coin Dealer Newsletter", more popularly known as "the Greysheet", is a price guide for coin dealers. The Numismatic News publishes prices for dealers, bidders and retailers. There are even online resources which maintain prices of coins like the "NumisMedia" website and a price guide for U.K. coins maintained by Tony Clayton can be found on his personal website.

As a rule rare coins are more expensive but rarity does not necessarily have to do with the age of the coin. Some Chinese coins which might be a thousand years old do not sell at high rates because they are common. The price of the coin also depends on the demand for the coin. If a lot of collectors want a particular coin, its price will get higher.

Collectors must also think about grade when establishing their coin collection value. Coin grading is a method of assessing the condition of the coin - the grade of the coin has a high determination of the eventual valuation of the coin. If a coin has been damaged its price will be reduced. Similarly, bullion also plays a role in determining value - the presence of precious metals like Gold and Silver increase the price of the coins as well. The aesthetical appeal of the coin has an effect on its price as well; it makes the coin more attractive for the collector. The American Numismatic Association has a 1-70 range for assessing coins, where 70 represents a faultless coin. The Numismatic Guarantee Corporation (NGC) and the Professional Coin Grading Service (PCGS) are two organizations that go through the meticulous task of grading coins. Coins that have been certified by these reputable organizations have a higher value as their authenticity is more valid and reliable. ICG, Independent Coin Grading, and ANACS, handled by the American Numismatic Association are two other reliable grading services available.

Many people have accumulated tables of coin values which show coin collectors the values of particular coins – these tables can be built up over the course of a lifetime and can prove invaluable when establishing the coin collecting value; they give the collector the knowledge regarding which coins are worthy to be collected. There are also lists of coins worth collecting available with coins that are scarce ranked considerably higher. For example the 1909-S VDB Lincoln cent would be one of these coins. Items such as the legendary 1913 "V" nickel can be worth over $100,000. These hefty prices show why so many investors are willing to invest in coin collecting and expect high rates of return to their investments.

Jamie Singer has been collecting coins for a little over 20 years now. He has built up a large collection containing some of the most rare coins to be found. During this time he has built up a wealth of knowledge which he is now sharing on his website http://www.coincollectingrevealed.com/

For more information on the coin collecting value make sure you visit his website.

Article Source:http://www.articlesbase.com/collecting-articles/why-you-need-to-consider-your-coin-collection-value-812795.html

Coin Collecting Supplies Are Essential For Coin Care

Monday, March 9th, 2009

There are many basic supplies necessary for coin collectors. Manufacturers have managed to tap into the business of producing products useful to enhance the activity of coin collecting for the collector. Many of these products are necessary as without them it would be impossible to maintain the condition of the coin.

If the condition is not duly maintained then it would result in a loss in the value of the coin. Coin supplies can range from items used to clean the products, magnify the products, check for counterfeits, books and softwares but mostly the essential supplies are used to store the coins properly so that they do not get damaged.

There are many different ways to keep the coins. Products used to store the coins include 2x2s, tubes, air-tites, slabs, quarter maps, boxes, vinyl pages, coin boxes, coin holders, frosted cases, zipper bags, snap lock cases, coin envelopes, velour bags, albums and coin cases. Among these categories there are wide variations as well for example some 2x2s are made up of plastic while the others are made up of cardboard. Air-tite coin holders are popularly used because they provide excellent protection. Additionally, they are easy to use and come in various sizes. They can be ordered in direct fit or ring type air-tite.

Coins should be kept away from humid or moist conditions to ensure their condition is not deteriorated. Silica gel is used to remove the humidity from the coins. You should also be aware that if coins come into contact with hard surfaces they can be damaged. Coins are not supposed to be cleaned or wiped as their surface could be damaged.

Gloves have become an essential supply as well as they are used by coin collectors to handle the coins. Finger Cots and tongs are used to handle coins as well. Coin solvents like Koinsolv, MS-70 Coin Cleaner, Nic-A-Lene and e*Z*est Coin Cleaner are used to clean coins after their image has been tarnish or their condition has been deteriorated.

Special coin albums are produced which are organized chronologically or by country. Coin collectors fill these albums with their collections to know what is lacking in their own collection. A certain set is said to be completed when these coin albums are completed. Often these albums are beautifully manufactures - some are even embossed with gold to give them a royal look. The beauty of these products attracts as much attention as its usefulness.

Specially designed coin cases are manufactured for coin collectors. These coin cases have the image of the coins on top so that the coin itself can be well protected while the owner can store and categorize them easily as well. The attraction of coin collectors to aesthetic beauty has also resulted in the vast availability of coin displays, whose purpose is to display the coins in the most beautiful manner possible. For beginners specially designed coin collecting kits are available, which contain all the products necessary for a person to begin collecting coins. Products contained in these kits might include a guide, albums, magnifiers, schedules, folders and inventory guides.

In conclusion, these supplies are essential in maintaining coin collecting supplies – so all collectors should be familiar with them.

Jamie Singer has been collecting coins for a little over 20 years now. He has built up a large collection containing some of the most rare coins to be found. During this time he has built up a wealth of knowledge which he is now sharing on his website www.coincollectingrevealed.com.

For more information on coin collecting supplies and coin care visit his website now.

Article Source:http://www.articlesbase.com/collecting-articles/coin-collecting-supplies-are-essential-for-coin-care-807348.html