There are many coin collectors price guide published; weekly, bi-weekly, monthly and annually. They come in the form of magazines, newsprint, "hot sheets", and books. All of us have referred to one of these from time to time to ascertain what a particular coin might be worth. Yet, few of us stop to think about what we are getting from any one of these Price Guides, beyond the price or value of a coin. After all, don't price guides, just give you the price? What else is there?
Basic to an understanding of coin collectors price guide are two things:
1) the Grade of the Coin; and
2) the Foundation of the price guide. Knowing the Grade of the Coin is required before one can begin. Saying so seems to be obvious, but what more does it mean?
Unless the coin is Graded by an appropriate Professional Grading Company, which has designated what Grade and Identity has been assigned to the coin, most of us are making an assumption about the actual Grade. This assumption we make can be very dangerous because of:
a) the difficulty in grading a coin; and,
b) the different possible outcomes or results that occur. One Grade "point" or level can make the difference in hundreds or thousands of dollars in the Value of a Coin.
Price Guides assume that YOU already Know the Grade of the Coin. This is why we have the First Rule of Coin Collecting: Know the Grade of Your Coin.
Secondly, ALL Price Guides are founded on the same Principle, which is that the Coin, whose price you are looking up, has been Graded using one Grading Standard. That Grading Standard is set by the ANA - American Numismatic Association - and is entitled the Official Grading Standards For US Coins.
Therefore, ALL Price Guides have a "silent assumption" built in to their guide; which is that the Grade that YOU decide upon, is the True or Accurate, and that such Grade is based on the ANA Standards.
The first difficulty that arises is that most people never know if the Grade that they have decided upon is Accurate. Of course, this difficulty never comes into question, if the coin is Professionally Graded by an appropriate company. There are only four (4) reputable Professional Grading companies that strictly follow the Guidelines set by the ANA, and they are: PCGS, NCG, ICG, and ANACS.
The second difficulty arises because of this "silent assumption" or Foundation of all price guides is whether or not the Grade has been decided upon using the Guidelines or Standards established by the ANA. If you don't have the skills and training of a professional coin grader, the decision is probably questionable.
Even if you do have the skills and training of a professional coin grader, the decision is still probably questionable. Why? Because even professional coin graders have differing opinions. This is why the reputable professional coin grading companies require the opinions of three (3) professional coin graders to arrive at the "Grade" designation to be placed on every coin.
The obvious conclusion is that a Serious Coin Collector is going to invest in rare and modern coins that are graded by one of the Top Four reputable Grading companies. It is the only certain way to eliminate the disagreements and arguments about the Grade of Any coin being Bought or Sold! It is the only certain way one can Value their coin collection. It also eliminates "getting taken" or cheated buying raw coins.
Have fun collecting your Perfect Coins!
Coin Collectors Price Guide
Robert L Taylor, JD
Copyright 2006, Robert L Taylor, JD
Robert Taylor is a 59 year old retired Lawyer, from Denver, CO, who spent most of his career representing people who could not afford an attorney, and who has had a passion for collecting US coins. Wanting to share his Passion, he created http://www.ThePerfect-Coin.Com which features US Rare and Modern Dollars (from 1878) and Coins (from 1960), all Certified and Graded by NGC or PCGS. For Beginning Coin Collectors, he then created http://www.Beginning-Coin-Collecting.Com with coins for less than $10.
Article Source: http://EzineArticles.com/?expert=Robert_L_Taylor
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Coin Collectors Price Guide
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Friday 23 September 2011
Thursday 15 September 2011
Becoming a Coin Collector
By Mike Selvon
Being a coin collector doesn't necessarily mean that you collect old rare coins from around the world. A collector could simply be a person that collects them in a jar around the house. If you look at those coins, though, you will likely find a wide array of dates. By doing this, you might become interested in becoming a traditional coin collector other types of coins.
Becoming a coin collector isn't going to make you rich. You'll probably never land on a stash of old Roman or Celtic coins that will bring you fame and fortune. If you want to get into coin collecting, do it for the pleasure of hunting down increasingly rare or unique ones.
Some people focus on collecting coins created in a limited edition that are new in the marketplace. Others focus on specific types of coins, such as old Canadian or silver coin ones.
A coin collector needs a few tools of the trade. A magnifying glass to examine details on each of them is one. Envelopes or albums to store and display the ones you have are other supplies to purchase. A coin collecting price guide that has information on dates, varieties, and grading guidelines is a smart addition.
A plastic ruler that has both millimeters and inches for measuring them, cotton or latex gloves for handling, a soft cloth to set them on for viewing, and good lighting round out the list of supplies.
Starting your hobby of being a coin collector involves hunting down new ones. There are plenty of places to find them for your collecting. Root in your own wallet (and everyone else's who will let you examine them for less-common ones).
Look at the ones on display at flea markets and auctions. The internet is a great resource for buying, selling, and trading coins. Always keep your coin collecting price guide handy when shopping to avoid scams or paying too much.
If you are not a professional dealer, do not clean your collection. Using the wrong method to clean them can damage some of the old rare coins and reduce the value of your collection.
Dirty coins are perfectly acceptable when you are a collector. If, however, you want to clean those that have no particular value, you can simply use warm water and dishwashing liquid to give them a shine.
Read as much as you can on your new hobby. A good coin collector learns what makes it valuable and be able to recognize those old Roman coins for more than the symbol stamped on them.
As you grow proficient, you'll be able to let go of most common ones and focus on old rare ones instead. If you have children or grandchildren, pass those ones down to them. Who knows; you may just have created a new coin collector!
Mike Selvon has a passion for coin collecting [http://coins.mynicherecommends.com/Coin-Collecting.php], and his portal has the best information on coin collector [http://coins.mynicherecommends.com/Coin-Collector.php]. Visit his portal for your free gift and leave a comment at his coin collecting [http://www.mynicheportal.com/arts-crafts-hobbies/interested-to-become-a-coin-collector] blog.
Article Source: http://EzineArticles.com/?expert=Mike_Selvon
Article Source: http://EzineArticles.com/610736
Being a coin collector doesn't necessarily mean that you collect old rare coins from around the world. A collector could simply be a person that collects them in a jar around the house. If you look at those coins, though, you will likely find a wide array of dates. By doing this, you might become interested in becoming a traditional coin collector other types of coins.
Becoming a coin collector isn't going to make you rich. You'll probably never land on a stash of old Roman or Celtic coins that will bring you fame and fortune. If you want to get into coin collecting, do it for the pleasure of hunting down increasingly rare or unique ones.
Some people focus on collecting coins created in a limited edition that are new in the marketplace. Others focus on specific types of coins, such as old Canadian or silver coin ones.
A coin collector needs a few tools of the trade. A magnifying glass to examine details on each of them is one. Envelopes or albums to store and display the ones you have are other supplies to purchase. A coin collecting price guide that has information on dates, varieties, and grading guidelines is a smart addition.
A plastic ruler that has both millimeters and inches for measuring them, cotton or latex gloves for handling, a soft cloth to set them on for viewing, and good lighting round out the list of supplies.
Starting your hobby of being a coin collector involves hunting down new ones. There are plenty of places to find them for your collecting. Root in your own wallet (and everyone else's who will let you examine them for less-common ones).
Look at the ones on display at flea markets and auctions. The internet is a great resource for buying, selling, and trading coins. Always keep your coin collecting price guide handy when shopping to avoid scams or paying too much.
If you are not a professional dealer, do not clean your collection. Using the wrong method to clean them can damage some of the old rare coins and reduce the value of your collection.
Dirty coins are perfectly acceptable when you are a collector. If, however, you want to clean those that have no particular value, you can simply use warm water and dishwashing liquid to give them a shine.
Read as much as you can on your new hobby. A good coin collector learns what makes it valuable and be able to recognize those old Roman coins for more than the symbol stamped on them.
As you grow proficient, you'll be able to let go of most common ones and focus on old rare ones instead. If you have children or grandchildren, pass those ones down to them. Who knows; you may just have created a new coin collector!
Mike Selvon has a passion for coin collecting [http://coins.mynicherecommends.com/Coin-Collecting.php], and his portal has the best information on coin collector [http://coins.mynicherecommends.com/Coin-Collector.php]. Visit his portal for your free gift and leave a comment at his coin collecting [http://www.mynicheportal.com/arts-crafts-hobbies/interested-to-become-a-coin-collector] blog.
Article Source: http://EzineArticles.com/?expert=Mike_Selvon
Article Source: http://EzineArticles.com/610736
Wednesday 14 September 2011
Coin Collecting - Price Guide
Many coin collectors can get scammed for certain coins. These coin collectors have no basic knowledge of how much coins cost roughly. There are many resources out there that will give a rough estimate of the worth of a coin like the "red book" which is a guide book of US coins. For those that don't want to by the book I have written this article to give you some information on the basic value of some coins.
The Wheat-Cent Coin (circulated)
The wheat-cent coins made between the years of 1940 and 1958 are worth a few cents or maybe less. However, if the coin was manufactured before 1940 then they are a higher price which is going to be around the range of few dollars.
Silver Dollars
These coins are a favorite with coin collectors (especially those made before 1935) as they actually have silver in them. Due to this these coins are sold for the actual price of their silver. Yep that's right every ounce of silver in the coins unless they are damaged or worn out.
Quarters, Dollars and Halves - The Bicentennial Kind
These coins are just face value because there were billions of these coins made which reduced the value of the coins. There are some dealers out there though who will pay a few dollars more if the coins are uncirculated.
A Freak Coin
These are coins like two-headed coins which have two different heads on either side (each from a different coin).They were not discovered until a few years back (2000). An example of a freak coin is the one that was found in 1999 that had Lincoln's face on one side whilst Roosevelt's on the other. These coins can also be known as mule coins and if you find one you should take it to be examined and if it is real then you can auction if for more money.
As you can see a coin is worth more than a coin. This article proves that. If you are looking to sell or buy coins make sure you refer to a resource (like this article) that will make sure you don't get scammed out of your money. So do you want become a coin collector?
The Wheat-Cent Coin (circulated)
The wheat-cent coins made between the years of 1940 and 1958 are worth a few cents or maybe less. However, if the coin was manufactured before 1940 then they are a higher price which is going to be around the range of few dollars.
Silver Dollars
These coins are a favorite with coin collectors (especially those made before 1935) as they actually have silver in them. Due to this these coins are sold for the actual price of their silver. Yep that's right every ounce of silver in the coins unless they are damaged or worn out.
Quarters, Dollars and Halves - The Bicentennial Kind
These coins are just face value because there were billions of these coins made which reduced the value of the coins. There are some dealers out there though who will pay a few dollars more if the coins are uncirculated.
A Freak Coin
These are coins like two-headed coins which have two different heads on either side (each from a different coin).They were not discovered until a few years back (2000). An example of a freak coin is the one that was found in 1999 that had Lincoln's face on one side whilst Roosevelt's on the other. These coins can also be known as mule coins and if you find one you should take it to be examined and if it is real then you can auction if for more money.
As you can see a coin is worth more than a coin. This article proves that. If you are looking to sell or buy coins make sure you refer to a resource (like this article) that will make sure you don't get scammed out of your money. So do you want become a coin collector?
Discover more useful information and products on coin collecting by clicking here
Article Source: http://EzineArticles.com/?expert=James_Pswarai
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