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Friday, August 22, 2008
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There are two interesting subtypes of prooflike coins that the collector should be aware of. The first are coins that are Deep Mirror Prooflike. These are coins with especially reflective surfaces and a look that can be deceptively similar to that of a Proof. As an example, there are certain gold dollars from the 1880's that are extremely hard to tell apart from Proofs. Generally speaking, many of the gold coins that are designated as Deep Mirror Prooflike by NGC command strong premiums, especially for issues that are generally seen with frosty or satiny surfaces.
Buy us early paper money price guide.

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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When collecting paper money always start looking in the inexpensive places first if you purchase your banknotes. You may be surprised at what you can find very inexpensively. For example, many coin shops have boxes of currency for sale for 10 cents each, 25 cents each, and on up. Sometimes they are behind the counter, you may need to ask for them. Often you can find great bargains this way.
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The Latest gold bulloin coins for sale News

4. At what facility is the U.S. Mint Museum located?

What is eye appeal? Answer depends on the person you ask

Tue, 20 Nov 2007 13:30:02 +0000
By Jeff Starck COIN WORLD Staff
In determining whether a given coin has “eye appeal,” it all depends on the person you ask. To some, it’s a simple matter of taste, but to others, it’s so obvious as to have specific requirements and characteristics that a coin must meet.
The fact is, eye appeal is neither ...]

Coin Trivia for 3 June 2008

1. When were the last 90% silver dimes minted?


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Why I Like 5 dollar gold coins

Gold And Silver Coin Collecting Article Of The Month



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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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A popular form of cherrypicking in coin collecting is done at coin shows, when the cherrypicker carefully scrutinizes dealer stock, looking for die varieties that the dealer has overlooked. A more low-end form of coin show cherrypicking is searching through the pick bins and junk boxes trying to find coins that are worth substantially more than the dealer asking price.
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In general, I collect pre-1965 90% silver U.S. coinage in very high grades, and I think they are excellent choices for the average person on a tight budget. I also believe that most types of U.S. Nickels are very undervalued right now, as well as later date (2002 through 2007) half dollars in the highest grades. The mintages for these recent half dollars are extremely low! In general, most Walking Liberty, Franklin, and silver Kennedy half dollars are undervalued according to many experts.
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1862 U.S. Legal Tender $1 notes. The cost of the Civil War was huge in dollars and lives. To finance the war both North and South turned to paper currency issues. The Union issued $1 and $2 currency notes beginning in 1862. A second issue of 1862-63 added $5, $10, $20, $50 and $100 notes. Unlike the contemporary Confederate issues, the Union notes were printed in smaller numbers with better specie backing. As the war progressed the notes traded at only a percentage of their stated values; but they also traded at a major premium to Confederate notes. Today Union notes are much rarer than most Confederate issues. The $1 note is the most common. Depending on condition these notes usually sell for between $100 and $1000.
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Another type of luster seen on United States gold coins is satiny in texture. Satiny luster tends to be less attractive than frosty luster but it can be very appealing. I would describe it to the new collector as having asoft look and it is often seen on branch mint coins from the 19th century and on San Francisco issues from the 20th century.
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5 dollar gold coins Stories

3. Why is the pyramid unfinished on the $1 bill?

The U.S. Mint's 8-8-08 Double Prosperity Set

Today, August 8 of '08 is an important day for many reasons. Of course, everyone knows the Summer Olympics opened in Beijing, China, today at (you guessed it, exactly...


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Numismatists Article Of The Day

What Can The Gold Coin Dealers Do For You?

By Paul Abbey

Among all the links that form the chain of coin collection, gold coin dealers are the most important link. They buy coins from different sources and sell them to collectors or investors. A collector who wants to dispose off his collection to safe hands can also approach a gold coins dealer. These are the professionals in the sector of coin collection. They do it to make a living and the level of expertise gained by gold coin dealers can only be termed magnanimous.

The gold coin dealers procure the coins from a number of sources. They can purchase gold coins from mints, coin and estate auctions and in some cases even by importing the coins from other countries. However the most cherished source that they have are other coin collectors. The coin collectors come in contact with a number of coin collectors during their business dealing. Most of the time, collectors have more than one coin of the same time and they sell off the coins.

Services offered by a gold coin dealer

First and foremost, the gold coin dealer sells gold coins to a customer. The customer may be a collector of gold coins, a person investing in collectibles or a person simply investing in bullion. The gold coin dealers procure coins from a number of sources and then sell them to people who want to buy gold coins. Most of the gold coin dealers do their business within the country but there are a number of veteran dealers who can export gold coins overseas with proper licenses and paperwork.

The gold coin dealers only buy the coins for resale if they are satisfied about the validity and genuineness of the coin. It is a necessity for them to be sure about the value of gold coin if they do not want to suffer a loss. In a number of cases, the gold coin dealers can provide their expertise for hire. A gold coin collector can get his collection valued by a gold coin dealer when he wants to know the net worth of his collection

Apart from this a number of gold coin dealers also act as gold coin brokers for people who are interested in selling off their gold coin collection but want the collection to be sold to a gold coin collector only. This is mostly done when the collector develops an extreme emotional attachment to his collection. The idea is that the buyer can take appropriate care of the collection.

Apart from this a number of gold coin dealers are also known to help people get loans from various sources with the god coin collection being held as mortgage.

Gold coin dealers can come handy for anyone regardless he is a gold coin collector or a person just interested in gold as a hedge.

About The Author

P Abbey owns and operates http://www.goldcoinfacts.com
Gold Coin

Paper Money & Coin Collecting Info





Let's look at the numismatics collector scenario of investing. One of my dreams is buying bullion coins for their raw metal value but then having some of them actually turn out to have numismatic value as well. This means instant gains in my investment over my purchase price. You expose yourself to a greater chance of numismatic value if you diversify your bullion collection. Maybe a few of your bullion coins will end up having some true rare coin appeal.
You can find silver dollars for sale in our Silver Dollars Galore store.

Buy the scarcest coin in the best condition that you can afford. Many collectible gold coins sell near the melt price of gold because there are more than enough around to cover demand. When gold increases or decreases in value, these coins will follow. But the higher the grade, the lower the population and demand will push up the price rather than just following the price of gold.
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There are four main reasons I recommend diversifying within your gold coin portfolio. First, let's look at the fun aspect. At the end of the day, one of the big reasons I invest in gold is because of the fun factor. The coins are just plain neat! Why would I want to own all of the same thing, when I can get a sample of all different types and sizes of coins? As a reward to myself as an investor and collector, I try to not always buy the same thing.
Buy American silver dollars in our Silver Dollars Galore store.

1921 silver dollars Stories

Find Error Coins in Pocket Change in 8 Simple Steps

To me, one of the most amazing things about coin collecting as a hobby is that you don't need a lot of special tools or equipment to get started. ...

World War 2 Penny Errors Star at ANA Convention, Part 1: 1943-S Copper trades on the bourse floor

Wed, 20 Aug 2008 11:07:46 +0000
by Greg Reynolds for CoinLink
From July 30 to Aug. 3, thousands of coin collectors flocked to Baltimore to attend the annual Summer ANA Convention. Among the most newsworthy of events at the Convention were the sales of two San Francisco Mint pennies. On July 30, a 1943-S copper cent sold on the bourse floor and, ...]

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