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Posted on Wednesday, November 20, 2013 in Coin Collections

The Art of Coin Collecting Hobby
Coin collecting has been around since the 14th century and you would think that the world has seen enough antique coins. But no, this hobby is here to stay, thanks for the millions of people all over the world from all walks of life who keep this challenging hobby alive and kicking.
People often associate coin collecting hobby with numismatics, but they"re really quite different. For one, numismatics is the study of money and its history. While collecting coins also require the study of coins and its history, it is not as extensive with that of numismatics. Although some coin collectors are more passionate than others, really investing time and money on their hobby, this doesn"t necessarily denote that they are numismatists. In fact, it"s true that not all numisamtists are coin collectors.
There are also varying levels of enthusiasm among coin collectors. These are basically divided to three categories: casual, curious, and advanced. Casual collectors are usually beginners who are not as educated about the core of this hobby. More often than not, they join for fun and doesn"t really show as much passion about it. Even kids or teenagers who enjoy stumbling upon coins can be considered as casual collectors. Curious collectors take their interest in coins on a higher level, spending a little money on buying non-circulation coins. Curious collectors will also invest their time on discovering the nature of the coins, its history, and whatnot. But once a collector finds collecting coins as a way of life, then he becomes an advanced collector. These collectors usually focus on specific types of coins. Instead of collecting all coins, advanced collectors aim to build a specialized collection.
So how does a coin collector work for his/her hobby? There are a multitude of tasks that make up a coin collector"s lifestyle. A collector"s task begins with research. There are tons of antique, valuable, and rare coins out there and it"s important for a collector to know about them. It"s especially important in determining whether you"re purchasing a coin that will actually be valuable or otherwise. If you are assuming that the most successful coin collectors are only the wealthy and powerful, you"re wrong. While having the funds to support your hobby may be helpful, it"s not by all means a secret weapon of some sort because what"s important in collecting coins is learning where to find them. In this hobby, storage is equally important. Since these coins are highly-valuable, every collector ensures that they use the perfect storage option, which is a coin album or folder and not bottles.
Although coin collecting hobby is considered as a past-time, it has become a business today. Professional collectors literally go to the ends of the galaxy to complete a collection. May it be for business or pleasure, what"s important is to enjoy the hobby of collecting coins.

Numismatic Coin Collecting Is Fun For The Whole Family
Originally the province of royalty and privileged classes, numismatic coin collecting was known as "the hobby of kings." Over time, people from lower classes began coin collecting and today it is a hobby anyone of any age or background can participate in and enjoy.
Long ago in ancient Rome, the Emperor Caesar Augustus was well known for handing out coins to the general public during the feast of Saturnalia. Aside from this, the man considered to be the first Renaissance coin collector was Petrarch. He was an Italian man, a poet and a scholar. It was he who presented Holy Roman Emperor Charles IV with a collection of coins in 1355.
Other well-known collectors include Pope Boniface VIII, Holy Roman Emperor Maximillian, King Louis XIV of France and Ferdinand I. The very first book about coins, De Asse et Partibus, was written in 1514 by Guillaume Bude.
In the early 19th century, coin collecting societies and associations began. The Royal Numismatic Society began in 1836. It still exists today and publishes the Numismatic Chronicle, a journal of coin collecting. The American Numismatic Society began in 1858. In 1866 it began publishing the American Journal of Numismatics. Today the largest coin collection in America is owned by the society.
Over time, more and more people discovered this fascinating hobby. Most are amateur collectors who simply enjoy the coins. Others are professional and grade coins according to the Sheldon Scale. Numismatics has room for every kind of coin collector.
One of the most attractive things about starting a coin collection is that it is not expensive. Even children can begin collecting coins, just keeping them in a box. A book about coins written especially for children would also be helpful, but is not required to enjoy the hobby.
As the collection and the collector grows more involved with the hobby, will need to spend some money on a 5-8x magnifying glass, folders in which to keep the coins and a reference book to aide identification of coins.
Advanced coin collectors can purchase as many supplies as their budgets allow. The sky is the limit. Advanced coin collectors may want to specialize in collecting coins from a specific era or part of the world. Some coin collectors may want to collect the same coins in each year they were minted. Others may decide to learn how to grade the coins.
From simple to complex, coin collecting makes a fine hobby for people from all different background and all different ages and ability levels. This is one hobby that adapts itself to even those with a cognitive impairment. Numismatic coin collecting is a fun family hobby that will last years and years

Beginning Coin Collecting
Coin collecting is an interesting hobby with a long history. Julius Caesar was a coin collector. Known as numismatics, coin collecting is a challenging hobby which can be rewarding financially and educationally. Many people enjoy coin collecting for reason such as these.
To begin coin collecting, one should become versed in the standard condition and value of coins. In the industry, there are about seven different grading scales. Standard conditions for coins vary from "proof" to "about good". Some people begin coin collecting with the popular coin series minted by the U.S. Mint. One such series, the "State Quarters" series has been extremely popular.
Begun in 1999, the State quarters were minted about every ten weeks an completed in 2008, after minting one quarter design per State. Each quarter featured a unique design submitted by each State. Each separate design featured icons and symbols related to the particular State, were released in order of the State"s endorsement of the U.S. Constitution, and proved to be popular with the general public and educational for kids and adults alike.
Currently there is a new program known as the "Presidential Dollar Program" which features depictions of each of our previous Presidents. Beginning in 2007 with Washington, Adams, Jefferson and Madison, these coins will be minted at 4 per year in the order that the Presidents served.
Other sources of coins for Coin collected are available online. Coins are bought and sold 24hours a day, and you can find just about any type of coin, from ancient to modern, You can also get coin packages in bulk with unchecked coins. This can be tricky, as a good eye and developed knowledge of the craft are required to pick out gems among the hundreds of mediocre coins, but the reward can be worth the effort.
To develop your knowledge, books and software is also available. Software can help with researching value for coins.
Coin valuation can be a bit tricky as many factors are taken into consideration when placing a value on a coin. The novice should take caution at coins that look especially clean, as cleaning tends to lower the value of a coin, and could be a coin that has been in circulation. If you wish to clean one of your own coins, it is recommended that you find a professional cleaner as extreme care needs to be taken. Coin value can also depend other factors such as metal content, rarity and historical considerations. Store your coins in clear plastic bags and avoid touching them directly as acids in your skin can damage the metal over a long term and lower the value.
Starting a coin collecting hobby is very easy, just reach in your pocket and save the coins you pull out, examine them an begin looking for the history of each coin online. Develop your skills an seek out more information, guides and software, and build on what your learn. Perhaps you want to begin with a full series of quarters that can be accomplished from online sources as well. Whatever you choose to collect, be it ancient or foreign coins, the information super highway can get you to your treasure.
Coin collecting is a great hobby for the individual and for the family. It offers a way to connect with history by holding and viewing a physical piece of history. Make sure you keep your coins in a safe place as this hobby can last for many years and offer years of discussion, entertainment and education.

Coin Collecting Myths
There are many teachings, conventional wisdom, in the coin collecting arena that are merely myths and fallacies that have been handed down over many years. Recognizing these fallacies and myths are not always easy. Here are some key ones with a collector perspective backed by many years of questioning strong leaders in the hobby.
Myth #1: Coins are great long-term investments.
For years it was accepted that if you purchased desireable coins at a fair market price, properly stored them, and held them long enough, you would be rewarded with big profits. That may have been true forty or fifty years ago, but not today. The coin market today is volatile and at times very speculative and this makes it far more unpredictable.
The coin market is no longer a growth industry, in fact, it peaked as a hobby in the mid 60"s. This has caused the buying and selling of coins to be a case of simple supply and demand. Couple this with the sophistication of the dealers and the buyers today, investment has moved to a much shorter time frame. Short-term strategies in buying and selling are par for our day. Most investors buy them right and move them quickly as the price rises. I promise you that in this space-age world that if you buy your coins and forget about them, you will not make much or any profit.
Myth #2: Price / Performance data make buying rare coins a sure bet.
In the late 70"s a major Wall Street brokerage house began including rare coins in its annual reports of popular investment groups. This move made coin dealers very happy. That group"s reports showed that rare coins were outperforming real estate, stocks and bonds. Legitimate coin dealers blew the trumpet loudly, but so did many unscrupulous and less reputable sellers who were after the quick buck. This set the stage for a major downfall in the coin market. The Salomon Brothers reports were widely disseminated and for years it was commonly believed by the general public that rare coins were indeed a tremendous investment.
The fact is, many coins were good investments at the time of these studies. The dilemma was that a small number of coins does not accurately reflect the conditions of the greater coin market. By the early 1990"s the abuse caused by these reports, led "Big Brothers" agent, the Federal Trade Commission, to pressure the Salomon Brothers to remove rare coins from its portfolio of good investments. The lesson from this is that price/performance data can be manipulated to achieve whatever purpose that a person or company may desire.
Myth #3: Coins that have the same grade are equal in value.
This is one of the biggest fallacies impacting the less sophiscated buyers. Coins having the same grade are not equal in quality nor in price for both slabbed and raw coins. Coin grading is a continuum. Graders of coins do not throw a coin into a grading computer program and out pops a scientifically graded specimen. Grading services and professional evaluators are human and with the best of photographic and magnification equipment there are nuances in the human process that are discernable most of the time by serious collectors and buyers. There are even levels in high graded coins that will make a MS 65 coin assigned an A level to be worth far more than an MS 65 without that designation. If you are truly after very rare high graded coins, purchase coins that are slabbed by the more prominent grading services like PCGS or NGC. The highest grade assigned to any coin is MS-70 which means perfect uncirculated specimen. However, different grading services might assign the same perfect coin a grade of MS 68 or 69. The value on a rare coin with just one number higher in the near perfect MS arena could be thousands of dollars.
Myth #4: It is impossible to complete coin collections today without spending mega bucks.
I am living proof that this is not true. As a collector I have completed the following collections without buying a single coin: Wheat cents 1909 - 1958, Jefferson Nickels 1938 - 1964, Roosevelt Dimes 1946 -1964, Washington Quarters 1932 - 1964 and Ben Franklin Halves 1948 - 1963. I have also nearly completed all Barber sets, need only one coin for my Walker Half & Mercury Dime sets, and only two coins for my Standing Liberty Quarters. These collections were put together from finds made with metal detectors and by bartering and trading my coin, jewelry and relic finds for some of the missing coins. More than 15,000 coins of my 151,000 dug coins are silver, and over 3,000 predate 1900. Metal detecting is the only hobby that pays to participate. Some of my best key date coin finds include 1877 Indian Cent, 1909 S & SVDB Cents, 1885 & 6 V Nickels, 1892 S, 1901-4 S Barber Dimes, 1892 S, 1897 O & S, 1901 O, 1913, 1914 S Barber Quarters, 1892 P-S-O, 1897 O, 1913-1915 Barber Halves and hundreds of semi-key coins with many being very fine and better condition. Metal Detecting makes this a major fallacy. I have also had fun finding almost all of the 50 States Quarter collection too. Newbies with a low cost starter metal detector can easily build and yes complete many coin sets or collections.
Myth #5: The coin market is predictable.
Many believe that the coin market moves in regular, predictable cycles. That the market moves up for awhile and then it routinely falls. This might historically been true as the 60"s and 70"s were very cyclical. There were routine booms followed by busts as fad buying was very big and buyers and investors were not as savvy as today.
The early 80"s saw a major boom as January 22nd, 1980 witnessed an unbelievable rise in gold price as it closed at about $950. The boom that followed lasted about two years and the market went into a deep slide that went on through much of 1988. A small artificial boom took place for about a year and then another hugh market slump hit that lasted until the 50 States Quarter Program brought new life. What does the future hold for the marketplace? It likely will move in short-term trends with short-term gains as the market has many money-making tools and a sharp clientele that will not likely follow fads and blind promotions.

Coin Collecting Values! What Is Your Coin Collection Worth?
There are so many things that can affect the value of your coin collection. A lot of these are obvious like the condition your coin is in or how old it is. How many coins were produced is another item that will affect your coin collecting values. Other things to keep in mind are factors that are beyond your control such as how much desire there is for the coin you own.
While you do not have any control over all the things that affect your coin collecting values like the state of our economy there are many things you can watch out for. The more knowledgeable of a coin collector you become the easier it will become to spot the winners.
Here are a few things you could keep an eye on when determining your coin collection value.
Learning how to grade your coins should be a top priority. You can and should seek the services of a professional coin grader if you are not certain of your ability to properly grade your coins. However there are a few simple steps you can take to determine your coin value. You should start with a through visual inspection. Try to decide where your coin will rank in the coin grading system.
Age is a general factor to keep in mind when determining your coins value. Generally speaking a very old coin will be worth more than a modern day coin. This does not factor in things like wear, where it was minted, the history of the coin or other essential pieces of information.
How rare the coin is has much to do with its value. It stands to reason that if there are not a large number of a coin to be had it will bring a higher price than one that can be found easily. Usually the less a certain coin was produced the more bucks it will bring if you decide to sell it.
Coins that were produced with errors or flaws in them are generally considered more collectible in the coin collecting market. Things like double-strikes or file marks can determine the coins value.
Coins that have visible wear or a defect such as nicks or scratches will often not be worth as much as the same coin in mint condition. Use common sense and experience to decide whether a defect is a profit producing error or if the coin is just worn.
There will always be fads that will come and go away. Sometimes your coins will bring you more profit than other times. This is not under your control so do the best you can and sell your coins when conditions are best if you can.
Do your research and you will find yourself being able to more accurately determine your coin collecting values.

Sell My Coin Collection and Get the Most Money in Houston
Gold coins are a precious metal that is always worth something. Just like other markets, like the stock market, the values in the gold coin market fluctuate up and down. It can be influenced by various factors like the economy along with the rarity of rare metal. Therefore, much like other fluctuating markets, if you have been asking yourself, When should I sell my coin collection? the answer is when the market is good. Whenever the value of gold hits record highs as it did in the year 2011, it is the best time for individuals to sell and find the highest prices for their precious metal.
Whenever I had to sell my coin collection in Houston, Texas, I observed the gold industry just like others watch the index of their stocks in their stock exchange. Selling gold in Houston is for more than just rare metal collectors. In contrast, many people who are not rare metal collectors can gain profits by selling their coin collections in Houston. People can simply sell the coins that are collecting dust in their houses and receive large profits.
Many people don"t recognize the opportunity for revenue they may have in their houses. Scrap gold is located in old jewelry and coins that people don"t make use of. Individuals looking to sell their own collection of coins in Houston should sell their collection to some gold coin dealer.
Gold coin dealers frequently pay more for gold than jewelry retailers, gold stores, and resale brokers. This is because gold coins creating a set of gold coin collectibles. Obtaining a compile series of coins may be extremely good for coin collectors who eventually want to gain profit on their coins. Also, others merely enjoy the achievement of collecting a complete set of gold coins.
I have found that many coin trades give me more potential customers who are interested in what I have to sell making it easier to sell my coin collection . Buyers simply inform the gold exchange companies of the gold coins, jewelry, or other collectors items that they wish to exchange, then the gold exchange agencies assess the offered selling items to guarantee they are made of high quality. After that, the gold exchange companies scour their listings to find potential buyers to make offers for the customers" items.
The amount of money that an individual can get for his or her gold bullion depends upon the current gold prices in the gold industry, the scarcity of the rare metal, as well as the condition of the piece. If all of these elements are ideal, then people can generate a high profit on the coins they no longer really want or need. Selling coin collections is a way for individuals to clean up their clutter while earning a profit at the same time.

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2014-P Australia 1/10 Troy Oz .9999 Gold Lunar Year of Horse $15 Coin SKU29396
Just $149.34
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2014 5 oz Silver ATB Arches National Park, UT - America the Beautiful
2014 5 oz Silver ATB Arches National Park, UT - America the Beautiful
Just $134.23
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PAMP Suisse 5 Gram .9999 Gold Bar - New Sealed With Assay Certificate SKU29096
PAMP Suisse 5 Gram .9999 Gold Bar - New Sealed With Assay Certificate SKU29096
Just $237.19
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1943 LINCOLN STEEL CENT PENNY ROLL 'FREE SHIPPING
1943 LINCOLN STEEL CENT PENNY ROLL 'FREE SHIPPING"
Just $13.00
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1/10 oz APMEX Gold Round
1/10 oz APMEX Gold Round
Just $157.01
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Bolivia, 5 Bolivanos, L. 1928, P-118, XF
Bolivia, 5 Bolivanos, L. 1928, P-118, XF
Just $2.39
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SilverTowne Logo 10oz .999 Fine Silver Bar
SilverTowne Logo 10oz .999 Fine Silver Bar
Just $228.70
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Lot of 5 - Mercury Design 1 Troy Oz .999 Silver Rounds -MADE IN THE USA SKU31432
Lot of 5 - Mercury Design 1 Troy Oz .999 Silver Rounds -MADE IN THE USA SKU31432
Just $117.77
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50x 1 gram Gold Valcambi CombiBar - SKU #74946
50x 1 gram Gold Valcambi CombiBar - SKU #74946
Just $2,288.64
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2014-P Australia 1 Oz .999 Silver $1 Saltwater Crocodile NGC MS69 ER SKU31776
2014-P Australia 1 Oz .999 Silver $1 Saltwater Crocodile NGC MS69 ER SKU31776
Just $37.37
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Credit Suisse 1 Gram .9999 Gold Bar - New Sealed With Assay Certificate SKU26513
Credit Suisse 1 Gram .9999 Gold Bar - New Sealed With Assay Certificate SKU26513
Just $57.76
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2010 1 oz Silver American Eagle Coin
2010 1 oz Silver American Eagle Coin
Just $29.86
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2014 1 oz Gold Buffalo Coin - Brilliant Uncirculated - SKU #79035
2014 1 oz Gold Buffalo Coin - Brilliant Uncirculated - SKU #79035
Just $1,408.51
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Trademark Bald Eagle 1oz .999 Fine Silver Bars by SilverTowne LOT OF 5
Trademark Bald Eagle 1oz .999 Fine Silver Bars by SilverTowne LOT OF 5
Just $118.35
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2014 5 Troy Oz .999 Silver (ATB) Arches National Park PCGS MS69 DMPL FS SKU32055
2014 5 Troy Oz .999 Silver (ATB) Arches National Park PCGS MS69 DMPL FS SKU32055
Just $199.00
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1 gram Pamp Suisse Gold Bar - Lady Fortuna - In Assay Card - SKU #19041
1 gram Pamp Suisse Gold Bar - Lady Fortuna - In Assay Card - SKU #19041
Just $54.52
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2013 Great Britain 1/20 Oz Gold £1 NGC PF 70 UC *FIRST YEAR OF ISSUE* SKU32182
2013 Great Britain 1/20 Oz Gold £1 NGC PF 70 UC *FIRST YEAR OF ISSUE* SKU32182
Just $149.00
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1987 American Silver Eagle Dollar Coin $1 1 Troy Ounce .999 Fine Uncirculated
1987 American Silver Eagle Dollar Coin $1 1 Troy Ounce .999 Fine Uncirculated
Just $30.99
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1 gram APMEX Gold Bar - Tamper Evident Packaging - SKU #63288
1 gram APMEX Gold Bar - Tamper Evident Packaging - SKU #63288
Just $53.49
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