2001 Silver Eagle

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A Coin is Worth More than A Coin by Cecelia Wong

Coins can also be strikingly beautiful in their own right, with the top designers of a nation striving to have their motif chosen for immortality on the face of a coin.

The history of gold coins dates as far back as 2,700 years ago. The first gold coins in the world were issued in Lydia around 640 B.C. certain internet websites will provide you with a lot of information about the history of gold coins.

Many countries produce gold coins for collectors or for commemorative purposes. These coins oftentimes emphasize unique aspects of the country's culture.

This guide will help you recognize a few exceptional American rare coins that you just might have lying around your house, shoved in a change jar, or tucked away into a pocket.

Coins can lose their brightness over time, and you'll be tempted to polish them. The best advice is ... DON'T.

Learning what to look for, how to identify quality items, how to use the lingo, and how to establish a fair price will make the hunt that much more exciting. One thing is for certain, there isn't a coin collector out there who will stop collecting just because the prices have risen a little and probably the same amount will consider selling their prize collection to the highest bidder.

Commemorative coins are a popular form of collection, as are rare minted coins like those which had an error in their stamping. If a certain set of coins doesn't interest you, it won't be any fun at all to become a collector.

Most coin dealers will charge a lower premium on the sale of coins to their best customers. After all, it makes good business sense to get the most profit possible from a person who will do business with you only once.

A coin is worth more than a coin

Coin collectors, old and new, have always wondered whether the coin or coins they have in their possession are worth more than the face value today - or in the foreseeable future. Even though that a coin which has little or no value monetarily is not necessarily one would not keep or make part of one's coin collection.

The following are basic factors which could influence a coin's value.

How rare or un-rare is it?

Generally, the concept that everyone knows and follows is this: the rarer a coin the higher the coin's worth. This rule is true in some cases and fortunately or unfortunately false on the others.

There was a situation where a Chinese coin, a thousand years old, sold for only a few of dollars because there were many of the thousand-year-old Chinese available. Compare this to a coin made only in 1913, a nickel specifically called a Liberty Head, which could sell for (hold your breath) one million dollars! It is known that only five of these coins exist, consequently the enormous monetary value.

Is the coin in good condition?

Coin collecting for investment purposes can be a tricky endeavor.

The lure of coins lies in its power to draw people into the era it belonged to. These coins show many aspects of everyday life during those times.

Three basic rules here: buy what you like, buy what you can afford, and buy at a reasonable price. Follow this advice and you'll enjoy your coins more, you won't pay too much for them and you won't go bankrupt.

The Augustus Saint-Gauden Double Eagle is widely considered to be one of the most beautiful coins America has ever produced.

Coin Collection in Renaissance Times Modern coin collecting, where the coins are viewed as a work of art as well as a collection of valuable legal tender, is widely thought to have begun with Francesco Petrarca, or Petrarch, who is often called the father of the Renaissance. For most gold coin collectors, there are the highly coveted rare gold coins and a lot of gold coin collectors are interested in these rare gold coins that they will offer high bids just to be able to get their hands on these.

Minting problems don't only involve the writing on the coin. Sometimes a problem with the die causes a coin to be double stamped accidentally, resulting in a very unusual form of rare coins.

Free Ebook! More on Rare Gold Coins and where you can find them at http://www.goldcoin-rare.info As you become a more experienced coin collector your "eye" will mature and you'll be looking more closely at details like the lettering on a coin, making sure the letters are still clear and not worn down.

All too often, new coin collectors who try to go it on their own without professional help end up being scammed out of hundreds or thousands of dollars. As money, gold coins have been a convenient way for people to do their transactions. The better the condition of the coin, the better the price that it would bring on the market, because the grade of the coin would match its condition. A coin that is in mint condition - add to this that it is basically an uncirculated coin is actually worth one hundred times more than a similar coin that is just in average circulated condition.

Demand and supply

Sometimes, when the demand for a specific coin is high, that coin's worth despite the number of them available is just as high. Take the example of the coin dated 1916-D, and compare it to the value of a coin dated 1798. Many people prefer to collect coins of the 20th century rather than those that are from the 1700's. The 1916-D dimes sell higher than the much older 1798 coins. The fact that there are more (approximately four hundred thousand) 1916-D coins than there are dimes from the year 1798 (only about thirty thousand), does little to affect the price of each.

It is best to have a professional coin dealer grade the coin(s) and determine the value of any coin(s) you may own. Who knows, it could be worth more (or less) than what you think.

When deciding which coins to collect, you should consider your interests, your budget, and your return on investment.

An avid coin collector will be able to tell you virtually every piece of history that surrounds any coin in their collection both because they tend to specialize and because knowledge is one of the most important factors when it comes to starting and maintaining a collection of any value or worth.

Good quality coins purchased at reasonable prices will appreciate, but probably no better or worse than other investments.

The price for a coin is determined by the demand for this coin. Many factors affect this demand. If a coin is rare, chances are, it is in great demand. Scarcity should not be confused with overall mintage. During the silver booms, many, many silver coins were melted for there bullion content.

Some precious coins with double stamping include doubled-die Lincoln cents from 1972, 1983, and 1984, and a doubled quarter minted in New York in 2001.

While there are some real gold coin enthusiasts in the internet, there are also those people who are posing as gold coin collectors and are just looking to rip you off. You can get a silver locating device or a magnetic pole for finding loose coins in ditches, under cars, or in other hard-to-reach places. Or simply rely on your eyes to identify those gleaming metal circlets of potential wealth.

The development of two large coin organizations in the mid-to-late 1800s, the American Numismatic Society (ANS) and the American Numismatic Association (ANA), helped spark American interest in building and maintaining a coin collection.

More on Rare Gold Coins and where you can find them.

Article Source: http://www.earticlesonline.com/Article/A-Coin-is-Worth-More-than-A-Coin/116965

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