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Coin Collecting - What Types Are There

Coin collecting as a hobby is enjoyed by thousands of people today and the numbers are growing. This wasn"t the case just prior to 1999. Coin collecting as a hobby had been on the decline since the mid-1960s when the composition of US coins changed from having silver content to being composed entirely of base metal. It became increasing harder to find old coins in pocket change so interest waned over time. The 50 State Quarters Program began in 1999 with the issuing of the first of the State Quarters, honoring the state of Delaware. The 50 State Quarters Program is credited with placing the spotlight back on coin collecting and single-handedly starting a grassroots comeback for the now popular hobby.

The reasons for collecting coins are as varied and diverse as the collectors themselves. For example, some collect coin sets that coincide with the birth year of their children or grandchildren, with the intent of giving the collection to the child at a much later date. Then there are those who collect coins with the idea of cashing in once the set has increased significantly in value. They would like to mirror the success of the late Louis E. Eliasberg Sr., who managed to complete his date-and-mint collection of US coins. After his death, his estate sold his collection for an over all total of $44 million.

Perhaps the most common place to start is with date-and-mint collecting. For example, you would collect a Lincoln cent from every year it has been minted and you would collect a coin from every mint that produced it that year. This type of collecting is very popular and because of the availability of coin albums, it is quite easy to get started.

Another popular type of collecting is by coin type. Instead of collecting every year and mintmark you would collect one coin from a series from one mint. For example, you would collect one coin from every series produced by a certain mint for the years 1900 - 1910. Your collection would consist of one Lincoln cent, one Buffalo nickel, one Washington quarter and so on. This type of collecting can be less expensive than date-and-mint collecting. Most collectors use the savings advantage to purchase higher-grade coins than they could have afforded collecting date-and-mint sets.

A very popular type of coin to collect is the mint error coin. Instead of looking for the rare coin in un-circulated condition this collector looks for coins that have been minted with a blemish or error. Some of the more popular errors are double die, date-over-date, mules and coins struck using the wrong metal. The wrong metal coin refers to the 1943 "copper penny" that wasn"t supposed to exist. In 1943, because of the war, pennies were made from zinc-coated steel to save copper. Somehow a few coins were accidentally produced using the old bronze coin blanks and they found there way into circulation. It wasn"t until years later that the coin-collecting world became aware of their existence. Many a coin-collecting hobbyist still hopes to find one of these valuable minting errors unknowingly hidden away somewhere.

While coin collecting is a fun and enjoyable hobby for most of us, there is no reason it can"t be a profitable endeavor also with a well thought out plan. If you are just starting your collection or advancing to the serious money stage lets consider these facts before taking the plunge.

The key dates and semi-keys of any series have out preformed the common dates in all grades in the past and there is no fundamental reason for that to change in the future. The market for these scarce low mintage coins is driven by supply and demand and new collectors coming into the market should keep the demand strong and healthy. On the other side of the coin, no pun intended. If you are going to spend money buying coins for your collection, why not buy key and semi-keys with more potential value appreciation in the future? The investment theory here is that the coins will have to be held for a period of time, maybe years before a profit can be realized.

Should one buy slabbed or raw coins? Keep in mind there are fake coins on the market, especially expensive key date coins. Set a limit that you are willing to pay for a raw coin and don"t go over it. When buying coins graded by one of the major grading services, ANACS, ICG, NGC and PCGS you can pretty much be assured the coin is genuine and the assigned grade is close to correct. Don"t buy coins graded by inferior or less known grading services. Note: I have seen slabbed coins that have changed in color and toning from when they were originally graded due to improper storage over time.

Buy from a well established dealer so that you can return the coin in the event that you are not happy with your purchase. Expect to pay close to the current book value for problem free key-dates and semi-keys. If the asking price sounds too good to be true it probably is. There are no bargain basement prices to be found, simply because the demand is so strong for these coins. In most cases the dealer had to pay top price himself and is unwilling or unable to discount the coin.

Major coin shows are a good place to find a wide variety of the coins that you are looking for under one roof with knowledgeable dealers from all over the country. Internet auctions are risky at best, especially when buying raw coins. Be very cautious because a lot of the sellers don"t know how to grade coins, much less know if the coin is a fake. They state in their write up description of the coin something to the effect, "We are not coin graders you grade using the pictures or the scans we have provided." The sad part is the Companies running these auctions make big bucks from the listing fees, final value fees etc., yet they take no responsibility for what is being sold to the buyer and they don"t do anything to stop the sellers from selling coins under these circumstances. Avoid this type of auction completely.

Learn to grade the coins that you are interested in before you buy the coins! The ANA (American Numismatic Association) publishes a good book on coin grading called ANA Grading Standards. Buy the book. Many books and articles have been written by experts on coin grading and are available for specific coin series. Remember coin grading is not an exact science it is a subjective matter that is why it is important that you become a knowledgeable grader yourself.

Any type of investing carries risk and the rare coin market is no different than other markets in that respect. The coin market can be and is very volatile at times. You could loose your money or not make any money at all. You should never invest more money than you can afford to loose. No one can look into a magic crystal ball and predict the future. If that was true we would all be multi-millionaires!

I have been involved in the coin business for over twenty five years. I buy and sell raw and certified coins by ANACS, ICG, NGC, and PCGS. Please visit our site for good deals on coins.

Numerous scholars of industry trends and prices, claim that interest in coin collecting runs in cycles and this dictates pricing. This indicates that anybody who could properly estimate the development in collector activity and whatever many people could be collecting, could have a beneficial grasp of what may be in greatest demand, in what way price trends might develop, and where the activity will be in the long run. Predicting collector appeal in the coming several years is no great task for anyone who has been watching what is going on with the government"s 50-States quarter program that was initially started in 1999. It is just about the trendiest thing that has taken place in numismatics ever since the creation of the "penny board" back in 1934. Could this interest continue? Of course it will. The Mint is driving that bus and it will certainly make sure that their products remain popular as well as successful. Will the current Presidential Series out-sell the quarters?

Individuals in the hobby currently possess a window of opportunity to "cultivate" the millions of sideline coin collectors who have discovered coins by means of the 50-States quarters. The way we nurture those possible collectors will form the future of numismatics, the coin market, and price trends.

If perhaps history repeats itself, generally there will certainly become an enthusiastically fresh generation of collectors ready to take up the hobby and keep it alive for countless years to come. That signifies a heavier interest for just about all sorts of coins, and very likely higher prices for nearly everything. A few items will, of course, fare better compared to others. Predicting the winners in that race could give today"s collectors a head start in the investment competition which is practically sure to begin in the following several years. Understanding the previous performance of coin collecting may offer us an edge in speculating on what might be the most popular, and consequently the most sought after coins for the following generation of collectors. Particular trends and traditions offer a idea as to where the greatest action may be. Remembering what appealed most to you while you were a rookie is a very good predictor. If you began with a collection of coins out of circulation, you probably moved up to better pieces in time. If you thought of coins as a savings or perhaps an investment, you may well have began with something more precious.

Whatever appealed to you as a beginner will certainly likewise be of interest to others starting out. For a lot of people it was a nice Uncirculated Morgan and Peace silver dollar. For others it ended up being a gold coin: perhaps a common date $10 or $20 coin in basic Uncirculated, priced at only a little margin over the actual gold content. Other people started with basic type coins or a date-run of cents or nickels. Does that indicate that the neophytes might change their attention to comparable coins? It most likely does, along with that remaining the situation, these will end up being the coins that will acquire the greatest pressure for price appreciation. Gold and silver bullion will also be a strong early focus for the new collectors. Pundits happen to be predicting that precious metal prices will possibly increase or decrease through the upcoming few years. Conservative, or evasive, whatever this speculation might appear, it actually says that something is about to take place in a market that has become stagnant for a extended time. Our prediction is that coin collecting is here to remain and will certainly remain at a healthy pace most certainly into the Twenty-first century.

The following paper is meant to be a guide for all our readers, hopefully you too.

Like all coin collectors you probably love the many different coins that come your way. From these coins we can learn a little piece of what happened in history, the various activities and such. To the coin collectors the enormous amounts of different coins are valuable in their own way. They look closely at the different coins that can be added to their collections.

Auction and coins shop are some of the best places for coin collectors to find good coins. There are also dealers that are willing to sell you the coins that they possess. But recently one of the best places to find good coins for your collection is of course the internet. Of course you will find different prices for dissimilar coins. That is why for some coins you will need to have an expert give you a reasonable appraisal.

The best way to get a good coin appraisal is to locate a coin expert or dealer. You should then be able to get a good idea about the condition of the various coins you have in your collection. Keep in mind that different experts will have different coin grading opinions. Either way their help will help you see how to expand your coin collection. On top of that coin collectors love to find different places where they can get more good coins for their collection.


With the info that they have collected from the various experts, coin collectors often make decision about the types of coins they are going to buy for their collections. Learning about coin grading is very crucial for anyone concerned in becoming a coin collector, the knowledge you will get will let you see how coin collectors judge their coin collection.

The first thing you should do is find a good coin set where you can begin your investigation into the various coins that can be found in most coin collectors collections. When you are ready make sure you proceed slowly. Choose coins that are good but before buying them make sure you read more about them. Try to identify the various ways of judging the condition of old coins and special coins.

By then you should be ready to start your coin collection. Remember all the knowledge you have collected and consider the best way to start your coin collection. You will also need to think about the best way to store your coins safely. Starting your own coin collection can look overwhelming but with such a fascinating hobby you will never see a time when you become bored.

Coin collection is a great hobby and anyone from any walk of life and from any age group could get started on this provided he or she has the time to put in, and sometimes a little money as well.

Gold
Sometime between the years 1838 and 1933 the government of the United States of America issues coins made of gold for general circulation. Until the year 1907 the Liberty head was used as a design imprint. Later the design was redone to the popular Indian head bust and St. Gaudens motif, and they were around till 1933. After this the infamous great depression had begun and costs had to be cut down in all aspects of American life. So these gold coins were recalled to the mint, which is why they have now become rare, and a collectors" favorite as all rare things are. The most sought after coin in this category is the famous double eagle. This is a 20$ coin that was released in 1800s right after the famous Californian gold rush. After the 1930s it was not allowed to be circulated, and when it was auctioned in 2002, it raked in eight million dollars. But gold coins are not easy to find, and that is why only a few collect them.

Flaws
Flaw coins or ones that were misprinted at the mint are also a collectors" favorite category. If you ever get your hands on coins that are misprinted, have wrong spelling or out of place designs, remember you may be quite lucky to have it in your possession. They can sell for up to ten thousand dollars at the auctions.

Apart from these two categories, coins that were limited edition are a favorite among collectors. Remember a collection will be most appealing when you concentrate on one particular category alone, rather than be a jack of all, so to speak. Some collectors collect only pennies and others collect only nickels and dimes?Another idea is to disregard the currency and to concentrate on a selected time period. For example, you may collect coins that were minted in the great depression period. What you need to keep in mind though, is to stick to collecting the chosen category until it is completed. If you"ve chosen the 1930"s pennies, stick to it until you have one for every year, and that is a simple category we have mentioned. As you get more experienced at the hobby you will automatically make more challenging goals for yourself.

It can be quite frustrating for the impatient collectors just starting off on the hobby, as it can take months and even years to complete a particular series. But that is a joy to others. The sense of accomplishment on completing the series is well worth the long wait.

Every collector should know all the basic glossary terms when ever collecting coins, so that they will have a much better understanding when they are purchasing from private coin dealers, due to so many individuals becoming first time collectors a glossary of terms has been composited just for you.

An alloy is a mixture or two or more metals combined together to create one, which sometimes can be a less expense metal mixed with a much more valuable one. The American Eagle Bullion Coins are platinum, silver, and gold coins that were released by the United States Mint beginning back in October of 1986. An American Eagle Proof Coin is a proof quality bullion coin of platinum, silver, or gold where there production process has specially adapted coin presses, dies, and polishes that create the most remarkable clarity of any coin.

A nonprofit educational organization that helps encourage the study and collection of money throughout the world is the American Numismatic Association or (ANA). The process of heating blanks or planchets in a furnace that softens metal and then cooling slowly in order to toughen to reduce the brittleness is called annealing. Assay means to analyze or examine to determine the purity or quantity of gold, silver, or other metal within coins.

A mark created on a coin from the contact with other coins inside of a mint bag is called a bag mark. Bi-metallic is a coin that is comprised of two different metals that have been bonded together. Another word for planchet is blank, which is a coin design that is stamped. A bullion is platinum, gold, or silver in the form of bars or other storage shapes that include coins and ingots. Precious metal coins traded at current billion prices is considered to be a bullion coin.

Any coin produced for the general circulation is called a business strike. The portrait on each coin, which usually includes the head, neck and upper shoulders is called a bust. Clad coinage are coins that have a core and outer layer that consists of different metals. For instance, all circulating United States dimes, quarters, half dollars and dollars have been clad since 1965. A flat piece of metal issued by the government and considered as money or currency is called a coin.

The collar is a piece of metal that restrains the expanding metal of a blank or planchet during the striking process. A specialty coin or medal issued in honor of an outstanding individual, place, or event is called commemorative. Condition is the physical state of the coin itself. A fake coin or any other piece of currency made to make individuals think that it is real is called counterfeit. Currency is any type of money, whether it is paper or coins, that is used as a way to purchase goods and services.

The variety of values in money is called denomination. Currently, United State coins are made in the six denominations, which are penny, nickel, dime, quarter, half dollar, and dollar. An engraved stamp that is used for impressing a design or image upon a blank piece of metal to create a coin is a die. Designer is the artist that creates a design on a coin, but does not necessarily actually engrave the design into the coinage die.

The edge is the outer border of a coin and is also considered to be the third side of a coin; this is not to be confused with the rim. Some coins feature lettering, reeding, and even ornamental designs on their edges. An artist, who sculpts a clay model of a design on a coin in bas relief is an engraver. An improperly produced coin that has been overlooked during production and then later released into circulation is called an error and collectors find these coins extremely fascinating.

Face value is the amount inscribed on the outside of coins. The portion on the surface of a coin that is not used for any design or inscription is the field. Grade is the rating that indicates exactly how much a coin has been worn during circulation. Tiny lines or scratches on coins that are usually caused by cleaning or polishing are hairlines. In case is opposite of relief and the part of the design that the coin is pressed into the surface.

Words stamped on a coin is the inscription and the current market value of the precious metal within a coin is its intrinsic value or bullion value. The date required to complete a collection, which is usually more difficult to find and afford is a key date. Legal tender are coins, dollar bills, or any other currency that is issued by a government as official money or currency. Principal lettering on a coin is a legend.

A metal object that resembles a coin, which is issued to recognize an event, place, person or group that has no stated value and is not intended to circulate as money is called medal. Medium of exchange is anything that people may agree on to have a certain value.

The United States Mint facilities in Philadelphia and Denver produce all circulating coins, while West Point now produces all the uncirculated coins. The mint is a place where coins are manufactured under government authority. The dull, frosty, or satiny shine found on uncirculated coins is a mint luster and a mint mark is a tiny letter that identifies which of the mint facilities struck the coin. Mint state is the same as being uncirculated and mintage is the quantity of coins being produced.

Any word, sentence or phrase that is inscribed within a coin to express a national principle is considered to be a motto. The study and collecting of things used as currency is called numismatics. A coin design that is no longer produced is said to be obsolete. Obverse is the front side or heads of a coin. If a coin has received a misalignment strike from the coin press and/or has pertains of its design missing is considered to be off-center. A new coin that is produced with a previously struck coin used as the blank is said to be an overstrike.

Pattern is an experimental piece that is usually a new design or metal. The blank piece of metal where a coin design is to be stamped is called a planchet. A specially produced coin made from highly polished blanks and dies that is struck more than once to help accent the design is called a proof. Proof coins always receive the highest quality strikes possible and are distinguished by their great sharpness of detail and brilliant, mirror-like surfaces. A complete set of proof coins including a denomination of each in a given year are called a proof set.

Any part of the design on a coin that has risen about the surface is called relief, which is the opposite of incuse. A restrike is a coin that has been minted using the original dies but at a later date. The back or tails of a coin is called the reverse. The machine that screens our blanks or planchets that are the wrong size or shape is called a riddler. The rim is the raised edge on both sides of a coin that protects the design on the coin from wear and is created by the upsetting mill.

Rolls are coins packaged by bank, dealers, individuals, or the United States Mint. A collection of coins that contains the date and mint marks of a specific design and denomination is considered a series. Slab is the nickname for some of the protective coin encapsulation methods. A process of stamping a coin blank with a design with the strength of the imprint being either full, average, or weak will affect the value of coins and is called a strike. A collection of coins based on their denominations is a type set.

The coin term uncirculated has three different meanings that applies to coins with the first being the manufacturing process which the coin is made, second, as a grade with the degree of preservation and quality of the strike, and third, the coin is not used in everyday commerce. A machine that raises the rim on both sides of a coin is an upsetting mill and variety is a minor change from the basic design type of a coin. A collection of all coins issued during on year is considered to be a year set.

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1000 2x2 Assorted New Cardboard Coin Holders Flips + 10 New Red Storage Boxes
1000 2x2 Assorted New Cardboard Coin Holders Flips + 10 New Red Storage Boxes
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Dansco Coin Album 7099 Large Cents 1793 1857
Dansco Coin Album 7099 Large Cents 1793 1857
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1908 Full Liberty Indian Head Great details No reserve
1908 Full Liberty Indian Head Great details No reserve
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1925 US Silver Dollar Peace
1925 US Silver Dollar Peace
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Thee Best SILVER ESTATE COINS LOT on Ebay Bar NONE
Thee Best SILVER ESTATE COINS LOT on Ebay Bar NONE
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1867 CANADA Commemorative Medal THE MAPLE LEAF Nice NCC
1867 CANADA Commemorative Medal THE MAPLE LEAF Nice NCC
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50 Direct Fit Airtight 38mm Coin Holders For MORGAN PEACE IKE DOLLARS
50 Direct Fit Airtight 38mm Coin Holders For MORGAN PEACE IKE DOLLARS
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1867 QUEBEC Commemorative Medal WHITE GARDEN MADONNA LILY Nice NCC
1867 QUEBEC Commemorative Medal WHITE GARDEN MADONNA LILY Nice NCC
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100 CARDBOARD 2x2 COIN HOLDERS FOR 100 LARGE DOLLAR SILVER DOLLAR
100 CARDBOARD 2x2 COIN HOLDERS FOR 100 LARGE DOLLAR SILVER DOLLAR
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Walking Liberty Design 10 Troy Oz 999 Fine Silver Bar Made in USA SKU31006
Walking Liberty Design 10 Troy Oz 999 Fine Silver Bar Made in USA SKU31006
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100 Semi Rigid FLEXIBLE Plastic US DOLLAR Bill CURRENCY Holder FREE SHIPPING
100 Semi Rigid FLEXIBLE Plastic US DOLLAR Bill CURRENCY Holder FREE SHIPPING
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10 CoinSafe Brand Square Coin Storage Tubes for Dime
10 CoinSafe Brand Square Coin Storage Tubes for Dime
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1 Cap Tube  20 Silver Dollar H 38 Direct Fit Air Tite Coin Holder Capsules
1 Cap Tube 20 Silver Dollar H 38 Direct Fit Air Tite Coin Holder Capsules
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100 Display Stand Easel Challenge Coin Black Acrylic
100 Display Stand Easel Challenge Coin Black Acrylic
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2 Airtite Coin Tube Tite Holders Model H Silver Eagle Bullion Sterling Scrap
2 Airtite Coin Tube Tite Holders Model H Silver Eagle Bullion Sterling Scrap
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SILVER COIN LOT Best Coin Lot on EBAY ALL SILVER
SILVER COIN LOT Best Coin Lot on EBAY ALL SILVER
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Tribal 100 real COINS Belly Dance Kuchi MIXED + Koochee Beaded Medallion FREE
Tribal 100 real COINS Belly Dance Kuchi MIXED + Koochee Beaded Medallion FREE
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Tribal 50 real COINS BellyDance MIXED + Kuchi Tribe Medallion FREE
Tribal 50 real COINS BellyDance MIXED + Kuchi Tribe Medallion FREE
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25 SMALL BCW DELUXE CURRENCY SLEEVE BILL NOTE HOLDERS PAPER MONEY SEMI RIGID
25 SMALL BCW DELUXE CURRENCY SLEEVE BILL NOTE HOLDERS PAPER MONEY SEMI RIGID
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10 SMALL BCW DELUXE CURRENCY SLEEVE BILL NOTE HOLDERS PAPER MONEY SEMI RIGID
10 SMALL BCW DELUXE CURRENCY SLEEVE BILL NOTE HOLDERS PAPER MONEY SEMI RIGID
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200 Semi Rigid FLEXIBLE Plastic US DOLLAR Bill CURRENCY Holder FREE SHIPPING
200 Semi Rigid FLEXIBLE Plastic US DOLLAR Bill CURRENCY Holder FREE SHIPPING
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Czechoslovakia Czechoslovakian 1933 25 Haleru Coin Rare
Czechoslovakia Czechoslovakian 1933 25 Haleru Coin Rare
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1965 LBB5 1 Cent Canada Copper Nice Uncirculated
1965 LBB5 1 Cent Canada Copper Nice Uncirculated
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100 Ultra Pro 1 Pocket Platinum 8 1 2 x 11 Magazine Photograph Pages NEW
100 Ultra Pro 1 Pocket Platinum 8 1 2 x 11 Magazine Photograph Pages NEW
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2014 American SILVER Eagle ROLL GEM BU 999 Fine 1 oz coins 20 total oz IN STOCK
2014 American SILVER Eagle ROLL GEM BU 999 Fine 1 oz coins 20 total oz IN STOCK
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HAITI 100 Gourdes 1977 KM132 Ag925 43g BEGIN  SADAT minted 500 pcsVERY RARE
HAITI 100 Gourdes 1977 KM132 Ag925 43g BEGIN SADAT minted 500 pcsVERY RARE
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1 Air Tite Z5 Coin Holder Capsules for 5oz America the Beautiful Silver Bullion
1 Air Tite Z5 Coin Holder Capsules for 5oz America the Beautiful Silver Bullion
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