allcoincollection.com

Posted By Admin on October 10, 2011

People collect all sorts of things for all sorts of reasons. Some of us aren’t the least bit interested in amassing a salt and pepper shaker collection that takes up a whole room. However, some of us can’t understand why people just don’t see the beauty in Batman paraphernalia.

The point of collecting something is to spark interest and learn more about something you’re passionate about. My husband doesn’t understand why I just won the autographed “Brady Bunch” cast photo off of e-bay, but I was so eager to add it to the rest of my Brady Bunch collection.

Along those same lines, I just can’t understand why he insists on amassing a ridiculous amount of golf tees and golf paraphernalia (even though I love to golf). How many scorecards does it take before he’ll stop?

Collecting is subjective, but it all has something to offer! Coin collecting is no different!

People collect coins for various reasons. Some collect because they find the historical nature of the hobby to be interesting. Each coin is an actual piece of the everyday life of people who lived decades, even centuries ago. These coins were worn by the hands of thousands of people, some of whom may even be people you’ve heard of.
Others collect for profit or investment. Coins are a commodity, and business in coins is a huge industry. Coin collections grow in value with time, due to the ever-increasing popularity of the hobby and the increased scarcity afforded by age. One of the great attractions even for hobbyists with no interest in investing is that a box of coins straight from your bank could in a generation or two be a treasure trove of immense value.
This aspect of collecting as a hunt for buried treasure is actually what brings many people into the hobby for the first time, as loose change can hide some surprises. There are still coins in circulation that are old enough to be worth more than their face value, and in rare cases, can be worth quite a lot.

Some people think coin collecting is boring. If so, then it’s not the hobby for them! However, others find themselves fascinated by the simple receipt of change at the grocery store.

A big part of becoming a successful coin collector is to study the subject and always find out new information as it becomes available. Join a local coin club if there is one available in your area. You will make friends and gain new knowledge about numismatics you never knew you could find!

Look for coin collecting groups on the internet. This can be a tremendous networking opportunity for you and the chance to find someone who has a coin you want. The more people you know who are into coin collecting, the more opportunities you will have to add to your collection and perhaps make a little money as well.

Don’t discount researching on e-bay either. E-bay can be a great wealth of information about what’s hot in the area of selling your coins on e-bay. It can help you identify some potentially valuable coins that are already in your collection.

So the next time you’re walking down the street and look down to find a shiny penny, pick it up! Look at it closely. Do you find anything special about it? Someone else might!

Kind of gives new meaning to the phrase “Find a penny pick it up, all day long, you’ll have good luck!” If you’ve found an early issue wheat penny then that would truly be good luck, indeed!

Category: coin collection | 1 Comment »
Tags: coin, coin collecting, coin collection, coin collections, coining collecting, coins, coins collection, coins collections, collecting coins

Posted By Admin on February 26, 2011

Make sure the seller has a reasonable return policy, examine coins carefully on receipt to ensure they’re satisfactory (get an opinion from a more experienced collector/dealer if you are unsure), and return them if they are not.
It is not uncommon for bids in these auctions to go considerably higher or lower than prices for comparable coins from other sources. Check prices in shops, mail order ads and/or web sites and limit your bids to those prices to avoid paying too much.
Relatively common collector coins are sometimes included in auctions of antiques, other collectibles, etc. as well as estate auction. The collector is forewarned that material in these auctions is more likely than usual to be over-graded, have problems not mentioned (if even known) by the auctioneer, and/or to garner inflated prices. Better material at lower prices can often be readily obtained from other sources.
You can try and either trade or buy from another collector. However, it’s not often easy to locate another collector selling what you want. When it happens, you may get a better price. Post what you’re looking for in “rec.collecting.coins” or attend some local coin club meetings. There are also other coin collector message boards you can use to make contacts. Just look around or Google and you’ll find them.
Coins are sometimes available at flea markets, antique shows, craft fairs and other events where they are not the primary focal point. Because there is little if any competition for the seller and many potential buyers are not well informed about the hobby, these venues can be used to move problem coins and prices may be inflated. While the collector always needs to be able to evaluate the quality of potential purchases and fairness of their prices, extra caution is warranted in these situations.

Category: coin collection | 8 Comments »
Tags: coin, coin collecting, coin collection, coin collections, coining collecting, coins, coins collection, coins collections, collecting coins

Posted By Admin on November 6, 2010

As we’ve said before, the easiest way to start collecting coins is to focus on those coins that are still in circulation. This is probably the easiest way of obtaining coins since we use them every day. We’ve outlined some ways you can use in-circulation coins to start your collection.

You may, however, want to branch out into out of circulation coins. If that’s the case, finding them requires a little more work. But don’t worry – the sources are out there!

Dealers with their own coin shops can be good resources for information as well as coins.
Attend some coin shows. Here you can shop from several dealers at once. The selection will obviously be better than at most shops, and you may be able to get better prices due to the presence of competition.
Coins can be purchased from many dealers through the mail. Check any of the periodicals listed below for advertisements. Unfortunately, it is all too common to receive over-graded and/or problem coins from some mail order sources. Make sure the source has a reasonable return policy before ordering, examine the coins carefully on receipt to ensure they’re satisfactory (get an opinion from a more experienced collector/dealer if you are unsure), and return them if they are not.
Hundreds of dealers offer coins on the Internet and online services, including many of the conventional mail order advertisers. Again, make sure the source has a reasonable return policy before ordering, examine the coins carefully on receipt to ensure they’re satisfactory (get an opinion from a more experienced collector/dealer if you are unsure), and return them if they are not. Also, watch out for the occasional scam artist who may pocket your money and not send anything in return.
You will also want to try auctions. This will include live auctions as well as those conducted online such as on e-bay.
The rarest and most expensive coins are often available only at auctions promoted by major specialty auction firms. These are generally in larger cities.
Numerous auctions are conducted online. In some of them anybody can offer coins to the highest bidder. Before bidding, check feedback on the seller, if the auction service makes it available.

Category: coin collection | 6 Comments »
Tags: coin, coin collecting, coin collection, coin collections, coining collecting, coins, coins collection, coins collections, collecting coins

Posted By Admin on September 29, 2010

They can develop an interest in history and culture.
One can hardly collect coins without learning about the people who produced them. Even if a child doesn’t continue with the hobby, they will be exposed to many other interesting subjects and develop an appreciation for their importance!

They will learn neatness.
A coin collector must be neat. They can’t have valuable coins getting lost! The coin collector will organize their collection and reference materials. Once the value of neatness is recognized it is usually applied to other aspects of life.

The ability to set and reach goals is stressed.
Coin collectors are always making short and long term plans. Few collectors are content to have a casual assortment of coins. There is a good reason why every coin is added to the collection. Coin collectors wish to build sets and acquire certain important coins. Completing a set of coins, even a small one, is seen as an important accomplishment. The collector gains much satisfaction from attaining goals.

It builds self-esteem.
Perhaps the greatest benefit coin collection offers a young person is the opportunity to legitimately participate in the adult world. There are no age restrictions and there are a number of teenagers who quickly became knowledgeable numismatists. Knowing about coins is knowledge that is appreciated by adults and the child can find themselves in a position to teach and inform adults about the hobby. Often a little success can grow into lots of ambition.

They will have to establish priorities.
Determining priorities is often difficult for children. There is so much going on and often their time and activities are planned for them. When it is their turn to decide what to do with time they seldom have creative ideas. Coin collecting can be a very exciting hobby. A child will want to spend time with their new endeavor—reading, learning and looking at the coins in their growing collection. We all must learn how to plan our time. Coin collectors know how to use leisure time wisely.

Obviously, they will better understand the value of money.
A common complaint among adults is that kids don’t understand the value of a buck. The moment they have money they find a way to spend it. The young coin collector must learn how to save for that special coin. They may be prompted to think of ways to earn extra money by getting better grades in school, working around the house, babysitting, or mowing the neighbor’s yard. Children should have fun and money often seems as a necessary part of this. Any young person could make a far worse choice than spending their money on books and coins.

They will gain specialized knowledge.
If you have a computer around the house do you notice how the kids take great pride in knowing how to operate this machine? It’s not the computer that’s important. Rather, they can do something worthwhile that you can’t do! Coin collecting offers this same rare opportunity. It also prompts children to investigate other ways to be considered an important person in the adult world.
So, you can see that coin collecting for children can provide much more than just knowledge of coins. This hobby can extend into other areas of their lives and give them opportunities to learn in various ways. So how do you get a child interested in coin collecting?

Category: Kids and coin collection | No Comments »
Tags: coin collecting, coin collectors, kids coin, kids coin collecting, kids coins, old coins