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If you've decided to begin collecting gold coins, it's important to have a realistic idea of how far your budget can go. According to CoinWeek, many novice collectors overestimate how far their money will take them and wind up disappointed with what they've started with. However, if you know exactly where your cash is going and where your budget can take you in the near...more
Even if you've just decided to start collecting coins an hour ago, you probably already have a substantial amount of experience with Lincoln Memorial pennies. Simply reaching into your pocket right now may yield a few, in fact. Pennies with the memorial on the back were first commissioned by President Eisenhower in 1959 and were produced by the billion for the next 50 years....more
When you think of coins, you probably imagine a tiny dish that can be fit into your pocket by the dozen. While this is certainly true, mints around the world have been producing pieces that a single person would have a hard time lifting. In some instances, even five people would have a tough time! According to CoinWeek, in 2008, the Canadian Mint celebrated its centennial by...more
There are three overarching types of coin collectors - those who collect classic pieces, those who focus on modern coinage and those who dabble in both. If you're just beginning the hobby, you may be trying to figure out where you should focus your efforts. Although having a mix of classic and modern coins can be rewarding, you may have an easier time building a cohesive...more
If you've been developing a serious interest in collecting coins, at some point it's likely that you'll think about attending a show. After all, what better way to meet fellow numismatists from around the country? Keep an eye out for any announcements of shows happening in your neck of the woods. But once you're there, how should you conduct yourself? There are a few unwritten...more
Bullion coins have become a large source of revenue for a number of nations, including the United States, South Africa, Austria and Canada. According to Numismaster.com, bullion coins visually look exactly like their circulated counterparts, but they tend to be made from a much more purified metal, which means they're worth far more than the printed value. Even today, mints...more
Error coins are exactly what they sound like - they're pieces that have been incorrectly produced. There are a number of reasons this can happen, such as accidentally using the wrong metal or the die itself being damaged. However, in the age of automatically manufactured coins, these discrepancies are what make error coins so highly valued by many numismatists. According to...more
Do you have an enthusiasm for coin collecting that isn't shared by your social circles? Perhaps you're looking for fellow numismatists to mingle with. If so, have you thought about joining a coin club? You may be surprised just how many people share your interest for the hobby. Beyond simply meeting other coin collectors, however, coin clubs can also serve as a valuable...more
The price of gold has been in a near constant state of flux for decades. According to CoinWeek, the price for an ounce of gold bullion shot up from $850 in January 1980 to $1,900, where it currently sits. The United States hasn't been on the gold standard for quite some time - in fact, there is no physical good that backs up the value of the dollar. A dollar today is worth...more
If you've never collected coins before, the closest you've probably come to identifying a coin's mint is that it was produced in the U.S. However, collectors can find more extensive information on the production facility in which a coin was made. The more information you have on a piece the better, so it never hurts to find out as much as you can about your coins. There have...more