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Gold And Silver Coin Collecting Article Of The Month

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The best type of pick box for finding honest to goodness bargains is the flat-rate so-called "junk box." These are boxes into which the dealer has thrown coins that he has determined are not worth his time to catalog and price individually. Sometimes coins get thrown in there just because they're low grade. Other times, the coins might be high grade but just really common. Some dealers even throw in their "attribution challenges!" This latter type of pick box is, by far, the most profitable and most interesting for the cherrypicker! In reality though, most pick boxes contain a mixture of two or more categories of these types of coins. (Attribution challenges are coins that the dealer can't find in his coin catalogs. These are most often seen in World coins, but I've even found genuine U.S. Pre-Federal Colonial Copper coins in junk boxes marked "Misc. Tokens - $2 Each.")
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Does the silver coin pass a magnification check? Although the methods listed above will usually enable you to rule out most fakes (especially the weight test,) sometimes close examination under a strong magnifier settles the matter. Look for silver plating that failed to fill into tiny spots and crevices. Look at the edge of the coin to see if the plating is visible where the rim meets the side; also look between the reeding. Sometimes just looking at the fields under 10x is enough to condemn the silver coin as a fake, because the fields may appear rough, or have spots of copper or other non-silver impurities.
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Most importantly, collect paper money for fun. As a beginner, don't collect as an investment or for profit. Just buy the bank notes you like and have fun doing it!
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One big category of coin damage we see is from staple scratches. Much of this damage comes from staples that are not completely clinched. Normal staplers leave a curl of the staple rising above the surface. This piece of staple can easily scratch adjacent coins as the coin shifts in a box or is removed or inserted from the box. Flat clinch staplers fully compress the staple into the surface of the holder leaving nothing behind to damage other coins. We like the Max HD-50DF because it is full size and uses regular staples. Max also makes half strip and palm size versions for collectors that prefer a smaller stapler. All three staplers completely clinch the staple as part of the stapling proces
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The ever-growing availability of cheap and varied material from around the world has already brought the hobby of paper money collecting well within reach of even those on the tightest budget. This is one collecting field where prices are actually falling in many areas, mainly where new issues are concerned. For this, we can thank the effects of inflation. In comparison to western countries, many countries have steep inflation rates, making their currency sink in value in relation to our own. Thus, their currency notes become ever cheaper for us to obtain. Some typical cases from recent years include Brazil, Peru, Argentina, Russia, Zaire, Iraq, Yugoslavia and Turkey. In fact, we can even obtain notes with denominations of 50,000,000,000 or more for a dollar or two! Another exciting source of very cheap notes has recently emerged: the new ex-Soviet republics. Here is an opportunity to obtain the very first issues of several new republics for mere pennies. One can only imagine the value these first issues will have to collectors in future years.
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Your Latest world gold coins News

Tara Gold Resources Announces High Grade Gold and Silver Results ...

Sun, 27 Jan 2008 14:02:14 +0100
PR-USA.net (press release), Bulgaria -(30%) and Paramount Gold Mining Corp. (70%). Paramount is the operator of the exploration program and provided this update. The area in which these four ...

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Gold, Silver and Platinum Rise Despite Oil’s Drop

Thu, 31 Jul 2008 21:04:10 +0000
Despite a decrease in crude oil prices, New York precious metals surged higher Thursday as US economic news weakened the dollar. Gold recovered most of Wednesday’s losses by rising 1.1 percent rise.
And for the economic news… Real GDP fell 0.2% in the the fourth quarter of 2007, compared with the 0.6% increase previously ...]


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Our Featured Gold & Silver Coin Writer

Sell Gold Coins

By Eric Morris

Selling us gold coins can become a very profitable business venture. Perhaps you have some gold coins that you want to sell, or you want to make a living selling gold. Regardless of your reason, selling gold coins requires some work on your part.

If you only want to sell a few gold coins, then you can simply sell them to a bullion dealer. They can tell you the market value of your coins, and pay you accordingly. However, you may choose to sell a large number of gold coins and turn it into a way to make a living. To do this, you must first become a bullion dealer yourself. This requires you to become an expert in gold coins and bullion. It also requires you to invest a large sum of money up front. You will need to buy a good number of coins for stock, and if you choose to, you will need to set up a shop. In some countries you will also need to establish some form of licensing in order to become a gold coin and bullion dealer.

Another option some sellers exercise is selling over the Internet. Many people all over the world have been utilizing the Internet in order to make a profit selling gold coins. If you go to a search engine and type 'gold coins,' you will get thousand of results in your search.

Regardless of how you choose to sell gold coins, in order to be successful you must follow certain rules. You must know which particular coins will attract buyers, find out the best way to promote your product, and be knowledgeable of the industry. If you do your research, selling gold has the potential to be very profitable. This industry is already well established. Do not be afraid to look at other sellers? strategy. They may help you sell more coins.

About The Author

Gold Coins provides detailed information on Gold Coins, Rare Gold Coins, Sell Gold Coins, Buy Gold Coins and more. Gold Coins is affiliated with Gold Teeth.

Additional Numismatists Info

Make sure the seller has a return policy that will allow you a refund if you are not satisfied with the coin. This is especially important if you are buying a non-certified coin. You want the option to return it if your grading service returns a lower grade than you bought it at.
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Old gold coins should never be cleaned. But it's not just excited treasure hunters that make this mistake. Even archaeologists working with ancient coins come under fire for the practice of restoring ancient coins, although in their case it may be necessary in order to see the coin well enough to properly date and categorize it. Those coins will not end up in most collections. But then again, archaeologists are not trying to preserve numismatic value.
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There is a good way to diversify in gold coin investing: by date. When you start getting into date and buying older coins, you get into the realm of numismatics. Once you have a solid bullion collection of coins, old and rare coins can definitely help your diversification cause. One great way to do this is to throw a few $20 gold Saint Gaudens double eagles in your portfolio, the most beautiful gold coin of all time. However, the topic of numismatics is a little beyond the scope of this article which is all about diversifying your bullion coin collection.
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An old practice to test whether a gold coin was counterfeit was to bite down on it. Since pure gold is relatively soft any base metals mixed with the gold to lessen its value will also harden the coin, and so make it harder to bite on. The majority of bullion counterfeits (of all types) are rare, and fairly easy to detect when comparing their weights, colors and sizes to authentic pieces. This is because the cost of reproducing any given coin precisely can easily exceed the market value of the originals.
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Some buy gold bullion coins Stories

Gold prices fall on weak global cue - Myiris.com

Fri, 08 Aug 2008 12:26:09 GMT

Gold prices fall on weak global cue Myiris.com, India - 9 hours ago Gold plummets in the bullion market on Friday as the metal melted in the global markets on speculation that dollar gains might spur sales, reports Economic ... Precious metal dips on weak global trend Myiris.com all 3 news articles

Word of the week: 'Peculiar'Deseret News, UT - Jan 30, 2008The Hebrew word comes from the root meaning to shut up, which is what you do with wealth, hence a jewel or peculiar treasure. In the Old Testament, ...SUPERVALU to Celebrate Bla

Fri, 01 Feb 2008 23:18:18 +0100
Pittsburgh Post Gazette, PA -A jewel thief returns to a construction site to retrieve his cache and finds a police station on the spot. (PG-13) (1:45) HBO: Sat. ...

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Rare Coins Produce Higher Returns Than Gold, Despite Lag

Thu, 17 Jul 2008 20:18:58 +0000
Since 2002, Blanchard has been telling our clients that the price of gold was going up – a lot. We believe that the current bull market will end only when gold surpasses it’s old high of $850. In today’s dollars, that would mean a price of more than $2000 per ounce! We’ve still got a ...]

Presidential Dollars: Error Coins versus Die Varieties

Wed, 21 Mar 2007 17:20:00 +0000


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