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Friday, July 11, 2008

Why I Like gold silver coins

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A major type of luster is prooflike. When dies are readied for production they are polished and/or rubbed with a cloth in order to make them appear bright and new. This polish fades rather quickly and certain issues are almost never seen with mirror-like reflectiveness. As an example, I have seen very few Prooflike coins from Charlotte and Dahlonega and only a handful from New Orleans.
Buy US paper money.

Most importantly, collect paper money for fun. As a beginner, don't collect as an investment or for profit. Just buy the bank notes you like and have fun doing it!
Buy silver dollars for a great investment.

On my list of "do not buy" coins is those from the Franklin Mint and other premium collectibles mints (such as the Bradford Exchange, etc.) They are aggressive marketers who do sell genuine bullion coins (sometimes) but their coins usually do not have any after-market value among coin collectors and investors. You'll typically pay $45 plus for a one ounce silver coin that is only worth the value of its silver bullion when you go to sell it. (Silver bullion is at about $19 an ounce as I write this.)
Buy gold bullion coins.

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.
Buy Buffalo gold coins.

The hobby of collecting old paper money is still much less widespread than stamp and coin collecting, although interest is growing every year. Many stamp and coin collectors are now considering banknotes as the promising new collecting frontier. The hobby holds many of the same pleasures as stamp and coin collecting: One gets the same thrill at finding that elusive item to fill a gap in a series or a set. There is the same reverence one feels for owning something that has been preserved in perfect condition for a hundred years. There is the same satisfaction of travelling to a collector's fair to hunt down bargains and meet fellow enthusiasts and develop one's knowledge.
Buy Mexican Libertad silver dollars for a great investment.

More gold silver coins Info

Park Avenue Numismatics Acquires Key Date 1870-CC $20 Liberty

Wed, 02 Jul 2008 11:14:56 +0000
July 1, 2008 Miami Beach, FL - Park Avenue Numismatics has acquired an rare key date 1870-CC $20 Liberty Type 2 Double Eagle graded XF45 by NGC.
“As one of the top dealers of Carson Gold coinage we are fortunate to handle major rarities such as this. Our client’s rely upon us to continue ...]

Large Cents: Thoughts on the Nation's First Cents

Sun, 15 Jun 2008 17:42:00 +0000
Large cents dated 1793 have attracted collectors for at least 150 years. They were the first coins struck by the new U.S. Mint in Philadelphia, a...



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THE TOP TEN RAREST DAHLONEGA GOLD COINS - REVISITED

Thu, 10 Jul 2008 12:33:33 +0000
By Doug Winter - www.RareGoldCoins.com
In the five years since I wrote the second edition of my book on Dahlonega gold coinage, a number of important coins have been sold and some significant changes are going to be have to be made when I release my third edition (which, if I had to guess, will be ...]

A penny for your thoughts... New stamp celebrates the Royal Canadian Mint's centenary

Sat, 07 Jun 2008 03:43:00 +0000
Ottawa - Canada Post today issued a domestic rate stamp in celebration of the Royal Canadian Mint's centennial.
Headquartered in the nation's...



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