Archive for April, 2009
Can You Tell The Difference Between A Fake And Real Coin?
The Us Mint has an excellent article on how to tell the fake from a genuine coin.
Very interesting indeed.
Obama Coin Ripoff?
Obama coin collection ripoffs are alive and well according to this News Report.
When you want the real thing and latest information regarding mint coins I was told to go to the Mint.
Have you read anything about this?
How Much Does Your Gold Weigh? How Do You Really Know?
I just found out this week that if someone brings in coins that have a precious metal value for redemption that the weight is measured in something called troy ounces. This measurement is different from the ounces used for food. But it is important for you to know the measurements of coins if you ever plan to cash them in.
I wish I had some to cash in but for now I must be content in knowing that I can always refer to this post. That is another reason I set up this site in all honesty. Check out this excerpt on Wikepedia:
The demand for precious metals is driven not only by their practical use, but also by their role as investments and a store of value. Historically, precious metals have commanded much higher prices than common industrial metals. In January 2009, gold was about $840/troy ounce and silver was about $11/troy ounce, compared to copper at $1.50/pound and nickel at $5/pound. (soure:Wikepedia)
So I am listing a couple of references for review. Why? Because if you are getting precious metal weight YOU DON’T WANT TO GET CHEATED. Believe it or not everyone is just not honest.
Troy ounces vs the ounce you you weighed your apples
News item about gold scams and how penny weights are used
Do you have anything to add?
Are You Collecting The State Quarters?
I started collecting quarters to buy a Wi Fitness setup. Now I am examining each one before I cash them in for my mom’s birthday party. Then I will get the Wi Fitness. But I digress. I started laying the quarters out by state and even got one holder. But then I found out more about proof, vs circulated, vs uncirculated. Very interesting indeed.
Still deciding if I am going to put the quarters into a collection or just look at the value of the coins I have and cash them in. Just not sure right now.
Here is a good video on the quarters.
Are Holding Coins For Silver And Gold Prices To Rise?
I was told to hold on to my two silver coins for the price of silver to rise. Well, I saw this really interesting article related to seasonal ups and downs for gold and silver prices. Check it out all of you who are investors or ready to sell.
Will the price of silver go up?
A Peek At A Penny Collection-Video
I have a lot of pennies. But now I am learning to weave through them carefully. This little video was very helpful. Note that this baby boomer’s son or grandson has a simple way to separate his coins.
What Is An Uncirculated Coin? What Is A Proof Coin?
What is an uncirculated coin?
You may hear the term “uncirculated” related to coins. I keep the image of a cute dog that is only walked outside by his or her owner. Never, ever circulates with the other dogs outside. Never sees the inside of a kennel. Now, on an occasion that cute dog may bump into another large dog when at the Vet. This may cause some slight brusing.
Well coins that are uncirculated means that coin does not have the wear and tear of being owned by many owners or hanging out with other coins. So it looks good and kept in proper storage. But there may be some “bag marks” from when they bumped into other coins in the bag.
Do I need to say the circulated coins are dogs running with other dogs, etc?
Whereas, Proof coins are like show dogs. They were breeded in a special way with a special diet, etc.
Proof coins are made special with special dyes.
But allow me to give some links to far better definitions.
What do you say?
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How Do You Decide A Coin’s Value?
Coin value determination is one of my goals. So I came across this insightful article. I read it and share it with you on How to determine a coin’s value. I will, hopefully, share more for other new collectors or those just wanting to cash those coins in for added revenue.
What Is The Obverse Of A Coin
Now, as you know, every area of expertise has it’s own language. Well that also holds true in coin collection. When I first heard this term it sounded no different that hearing a carpenter talk about using a “2 by 4″.
But if you are new like me and hanging around this site reading posts or viewing some of the videos you will need to learn a few terms. Hence, I will post them and you can learn them with me.As time goes by you will be excited, like I am getting, when you hear the term mentioned by a dealer or on a video and you recognize it.
The obverse of a coin is the front, main, top, or “heads” side of a coin, usually bearing a portrait. The opposite of the reverse side.
Ok, so here is a video talking about a valuable Lincoln penny’s obverse side.
History of the Lincoln Penny-2009 Celebration
Pay close attention to the Lincoln pennies that are valued by many collectors
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