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Coin Collection in Renaissance Times by Cecelia Wong

An understanding of the long history of coin collecting, once known as "the hobby of kings," will make this pastime even more enjoyable.

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.

Gold coins are a favorite of coin collectors with an eye toward investment.

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. Avoid touching the coin unnecessarily, as dirt and grease from your fingers will tarnish the finish over time. Exposure to air oxidizes metal, changing its colour.

Many collect coins to commemorate great events in their lives, a child's graduation, a new baby...or to mark historical events such as the Queen's Golden Jubilee.

There are various reasons to collect coins. Some people collect coins from a specific period of time, some collect coins based on perceived future value, some collect coins based on type of metal, some for historical value. 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.

The coin-price is right There are many resources that can help coin collectors, old or new, in determining the value and worth of the coins they have.

There are books out, The Red Book" (A Guide Book of US Coins), The Blue Book" (A Handbook of US Coins), as well as coin newsletters and catalogues available at any public or private library, coin dealers/shops anywhere in the US. There are also online guides for the prices of US coins available on the web, specifically the NumisMedia site.

For a synopsis of the price of each coin, the following are the basic values of each cent, penny, or dime in the market.

The United States wheat-cent, the circulated ones The price of these coins made prior to 1958, or those that are dated 1940, are currently being purchased by coin dealers for two cents each, or less. Those made before 1940 command a much higher price - from a few more cents to a few dollars.

The silver-dollars

Silver-dollars from the US, especially those made before 1935, have almost an ounce of silver in them. These coins are the favorites of coin collectors and could be sold for more than their actual value in silver if they are undamaged or not worn severely.

The dollars of Susan B. Anthony

Coin collecting for investment purposes can be a tricky endeavor.

Although there are exceptions, most old coins are not particularly valuable unless they are very well preserved. The best starting place for an idea of their worth is to visit the reference section of your local library.

The Augustus Saint-Gauden Double Eagle is widely considered to be one of the most beautiful coins America has ever produced. There were only a few coins with this error, and their scarce nature has made them valuable to collectors.

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.

Buy quality! Buy quality! Buy quality! That's all you hears these days when you are considering rare coins as an investment.

Ancient kings (and even today's leaders) had a telling habit of having their faces imprinted on their currency.

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. Always be on the lookout for rare gold coins, and have coins appraised by a gold coin expert to avoid large differences in price. If by luck you happen to get one of these as a change, the value is more than a dollar and proof Susan B. Anthony dollars command even more. They are not easy to fine as they are not usually being circulated.

Quarters, dollars and halves the bicentennial kind

There were billions of these coins made out, and because there are so many of them, their worth is usually just face value. There are coin dealers however who pay ten percent of the face value as premium for circulated bicentennial coins, and a few dollars more for those that are uncirculated.

A freak coin

Believe it or not, there are two-headed coins out there. Basically, these are coins with two different designs on each face. These coins were made in error and mistake was not discoverer until the year 2000. This type of coins is usually called mules". In 1999, it was found that a cent with Lincoln's face on one side and Roosevelt's dime image on the other existed.

It you find a coin of this it must be taken to a legitimate coin dealer and assessed to determine if is genuine. If so, this coin could be put up for auction and command a few dollars more. It is therefore true that a coin is basically worth more than meets the eye.

The collection of ancient, commemorative, and rare coins is a fun and exacting hobby, and opens up a realm of history that most people never get to see.

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.

Possibly. In 1991, only 459,000 25-cent coins were struck (the annual number is usually closer to 100 million). 'Mint State' versions of these coins are worth about $8.

A good number of coin collectors collect coins according to themes. The coins they collect all have a common topic. Free E-book on Coin Collection and Complete Info at http://www.goldcoin-rare.info Additionally, some coins with higher mintages can be quite rare in certain grades such as higher MS condition coins due to weak strikes, etc.

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.

Remember that most gold coins are worth more than their legal tender amount. Although they re not available for purchase directly from the U.S. Mint, American Eagle can be commonly found for sale in coin shops, on the internet, by gold dealers, and at coin shows. 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.

During the Renaissance, popes and nobility began collecting coins for their artistic and historical value, and the name "the hobby of kings" was born.

Complete info on how to buy gold coins.

Article Source: http://www.earticlesonline.com/Article/Coin-Collection-in-Renaissance-Times/117843

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Filed under: Coins: US

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