What to look for in Top Rare Coins
The first thing to understand about some of the top rare coins you are looking for is they are seldom sold for bargain prices. The true quality of the coins is established and you are going to pay more for those high quality coins. Even if the blue sheets or other places that have estimated the cost of them expect to pay a little more or even a lot more for quality coins. But, in the end you will benefit from them because of the return that you will eventually get on that same coin once it has been resold.
To get the most out of purchasing top rare coins a collector has to be patience. The collector does not want to go out and purchase anything that just looks interesting, they have to be highly selective in the type of coins that they purchase. Why a collector goes out to purchase coins it is a great rule of thumb to always purchase the best that you can afford. If you only get one of the top rare coins on your list then make sure it is the best. The collector should focus on the quality of the coins and not just the quantity that they have. This will ensure you have the highest of return possible.
So remember that these are just some of the things that as a collector you want to keep in mind when purchasing those collector coins. This way you are getting the most for your money and establish the expertise to identify and see the value in rare coins that you find.
Finding Collectible Coins
Coin collecting is truly a lifelong hobby, appealing to children and grandparents alike. Finding collectible coins that may be worth more than their face value is a priceless thrill that never grows old. Even better, coin collecting can be an educational experience for younger children who wish to learn about history, politics and geography without reading pages upon pages of boring schoolbooks.
There are a few basic things to look for when determining whether a coin is collectible or not. First, the age of the coin matters. As a rule, older coins are more valuable than newer coins because fewer of them remain in circulation. The condition of the coin is also quite important. Since currency naturally deteriorates as it gets older and is continually exposed to the elements, old coins in good condition can be quite valuable. Coin collecting experts consult a detailed scale to determine the precise condition of an older coin and thus its value.
However, finding collectible coins is most rewarding when collectors pay close attention to potentially unique characteristics of individual pieces of currency. Because coins are minted in automated facilities with a very low incidence of error, any blemishes or mistakes on the surface of a coin can immediately increase its value. For example, a mint year printed twice or a backwards image will turn an ordinary coin into something extraordinary. Consult a professional dealer for guidance if you find one of these errors.
Finding collectible coins is fun and enriching. Get started today!
Cleaning Collectible Coins
Newcomers to the world of coin collecting invariably want to clean up the tarnished and dirty circulated coins in their collections. In nearly all instances, the best advice that these well-intentioned collectors can receive is: Don’t do it!
Amateur collectors, in particular, would be wise to resist all temptations to clean their coins, as attempts at cleaning will almost invariably lower the coins value. The only exception might be if the coin is caked in mud after being extricated from the ground. If this is case, or the collector absolutely cannot resist cleaning collectible coins, then the following advice will help minimize any damage to the coins:
• Coins should only be gently cleaned in warm, soapy water. Use a mild detergent, such as dish soap.
• Coins should only be cleaned with the hands. No cloths or brushes should be used, as these will very likely leave microscopic scratches that will lower the coins rating, and thus its value.
• Gentle is the key. Softly rub the surface of the coins with the pad of a finger, in a gentle motion from the center to the rim. Do not rub any more than absolutely necessary.
• After washing, rinse the coins under cold running water, and then give them a final rinse in distilled water.
• After the final rinse, allow the coins to air dry on a soft cloth or paper towel.
One final word of caution: NEVER use a tarnish remover or silver polisher when cleaning collectible coins! To do so will strip the coin of its natural oxidizing (known to collectors as “toning”) and severely reduce its value.
How To Handle Coins The Right Way
To the average coin collector, handling procedures for these collectible is a fairly simple affair. These objects need to be kept in the best condition possible or their value can diminish greatly. A little bit of care from time to time can keep them in top condition for the years to come. Without a doubt, learning how to handle coins properly is not that difficult.
First of all, a person should avoid handling coins with their bare hands. The oils on the palms can damage the coins in various ways, but this occurs over time. It is advisable to wear latex gloves or something similar to avoid any issues. Also, certain cleaning supplies are useful when it comes to coins so it is recommended that a collector buys brushes, cleaning solutions, and other necessary items.
Above all else, proper storage is one of the best ways to keep coins in good condition. A person should store them in a case or individual plastic sleeves. Doing so ensures that they are not susceptible to the environment or other damaging conditions. Without a doubt, anyone that stores their collectibles in the proper manner will have them for the years to come without any issues.
In the end, it is not that difficult to figure out how to handle coins the right way. For the most part, it is a straightforward process that involves a little bit of time and effort on a regular basis. A person should take a few minutes out of the day or a few times per week to take care of their coins.
Rare Gold Coins
Rare gold coins are highly sought after by professional coin collectors and amateurs too. Many people like coin collecting as a hobby. Rare gold coins can surely make a very valuable investment for the future. You can find these rare gold coins at online auctions. You can place your order and have them delivered safely to your door. Online auction sites sell quite a few of them. Every coin sold comes with a great guarantee. You can save time and money by shopping for these coins online compared to running around searching for them. You will be able to choose from a large selection.
Many people choose to collect rare coins to provide a brighter future for their family because the gold coins are worth a lot of money. Some people choose to collect them as a hobby just to show off their interesting collection to family and friends. You can start gold coin collecting right away and you will be glad that you did. Indeed you will run across a few rare ones that cannot be purchased just anywhere and those are the ones that are truly valuable. You can learn more about coin collecting right online. Some people prefer to collect rare coins as a profession. Many people are really pleased with coin collecting online and you surely will be too. You can trade your coins for new ones and it is really fun. It makes a really interesting hobby. Start collecting coins now to make a brighter future for your family.
Rare American coins
Every coin collector dreams of stumbling across a rare collector’s piece, and many search for such a coin throughout a lifetime. While rare coins exist in every country in the world, these can be hard for U.S. citizens to locate. Luckily, there are many rare American coins that are still available today.
The 1969-S Lincoln cent with a doubled die obverse is the rarest of all the American coins sought by collectors. Be careful when looking at one of these coins, however, as there are many counterfeits. Check to assure that the entire heads side is doubled, other than the mint mark. Coins with doubled mint marks are worth far less than those without. This coin is estimated to be worth approximately $35,000.
Another rare American coin is the 1943 copper penny, which is worth anywhere from $10,000 to $100,000. The reason this coin is so rare is that it was made out of copper in a time when coins were made from steel. There are reportedly fewer than 12 1943 copper pennies confirmed to exist. This coin also has many counterfeits, so test any possible finds with a magnet to see if it sticks. If the penny does not stick, it could be real.
A third of the most rare American coins that has been known to come up at auctions is the double die penny made in 1955. Valued at anywhere from $300 to more than $25,000, this penny was created by improper alignment during minting. Uncirculated pennies are worth upwards of $25,000, while circulated versions are worth as much as $1,000 if they are in good condition.
How To Join Coin Collector Clubs
Being involved in coin collector clubs can be great fun for many people. It allows people to show off their collections and learn a lot about different coins. More than likely at social events, you will not be able to walk up and start a conversation about coin collecting.
When you are member of one of the coin collector clubs in the world, you will have the opportunity to talk to other people with the same interest as you without being looked at funny or thought of as being weird. It is also a great opportunity to trade your coins for other coins if you have several of one type.
When people are at a coin collector club meeting, that is not all that they are talking about. They have the opportunity to discuss other things that are going on in their life. These people are also meeting friends. It is important that people are able to have a friend in their life that has some of the same interests that they do.
There are many places that these clubs are able to meet. Sometimes they will take turns meeting at each other’s homes. Other times they may have a place that they are meeting weekly or monthly. Each club will have their own decisions on the best place to meet and the best times to meet. This can be a great opportunity for someone to get out of the house for awhile and enjoy themselves especially if it is not done very often.