Archive for May, 2009
10 Valuable Error Coins You Might Find in Pocket Change
I am fascinated about looking in my pocketchange now for possible errors. I even asked a supermarket the other day to allow me to purchase a roll of coins. Anyway, I am on the hunt.
Here is an article I just read about 10 Valuable Error Coins that just might be in your pocket change. So read the article and start looking.
Plan to Go to a Coin Show?
If you are planning to go to a coin show here are some practical tips to make your first time great a great experiance.
It is important to be equipt with as much information as possible.
Introduction to Coin Collecting
I found this simple introduction to coin collecting information and a vital jumpstart for anyone just starting to collect coins. Take a few minutes to read this blog post on coin collecting . Also, also sign up for the free mini course on coin collecting.
So Want Some Tips You Can Trust on Buying and Selling Gold?
The ANA has proved to be an excellent and trustworthy resource for information on coins. So, here is an excellent article on buying and selling gold.
Let me know if you find these tips helpful.
Collecting Coins From Circulation
Read this insightful article Collecting Coins From Circulation. This article is made available by the American Numismatic Association(ANA) a leader in coin education.
I Met a Collector on Twitter Today
I met a collector on twitter today. All of his posts are super informative. Below are a couple which I found to be really insightful. If you are on Twitter, be sure to look for him.
- 1909 S VDB Lincoln Wheat Cent Penny KEY Date SVDB http://bit.ly/7xKmw
- Gold, Silver Retreat as Stocks Surge http://tinyurl.com/p5ekfp
- Launch of First Commemorative British Indian Ocean Territory Coin http://tinyurl.com/oya66p
The Twitter address is Coincollection.
Are there other readers who are collectors on Twitter?
Sale of Gold Coins Limited at USMint?
Are the sale of gold coins limited right now by the US Mint?
Read this short post on coin news to find out. Be sure to also read the comments associated with the blog post. Add your comment or ask a question. That is how we all learn.
Error Coins-An Online Magazine That Shows Great Examples
I found an online magazine that shows you pictures of certificed error coins. Now, this is great because, as a novice, I am still trying to identify what true error coins look like. So enjoy this issue of Mint Error News.
WARNING, this issue is over 200 pages so grab some green tea or coffee and take your time.
Type of Error Coins-Overdate
Now I am really looking for overdate errors. They seem to be easy to pick up, just waiting to find one.
Overdate
In the past, it was a common practice for a mint to use a certain die until it broke. As some dies would last for multiple years, a figure would be punched over the old date. For example, some 1942 Mercury dimes show a 1 beneath the 2.(Wikipedia)
Here are examples of overdate errors.
Types of Error Coins-Strike Errors
Below is a definition of strike error coins by Wikipedia. Now, I suppose by now you know that a magnifying class is essential. Actually, you might need several with different magnifications. But more on that later.
Strike errors
Strike errors occur when the planchet is struck. It is a fault in the manufacturing process rather than in either the die or the planchet. A standard type of strike error is a broadstrike, where the rim image is not struck into the coin’s edge because the collar die was missing. Numismatists often prize strike error coins over perfectly struck examples, which tend to be more common, but less highly than die error coins, which are usually rarer, making it valuable.
Broadstrike errors are produced when the collar die malfunctions. The collar is the circular die surrounding the anvil (lower) die. It applies the edge device (reeded edge, plain edge) and prevents the metal of the coin being struck from flowing outside of the confines of the die. When the collar is prevented from working properly during striking, it may rest below the surface of the anvil die. All denominations of U.S. coins with a broadstrike have a plain edge.
Here are some examples of Strike Errors
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