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MLM Coin Collectors

Coin collecting is something that dates back to the when coins were first issued for trade. It was only in the Middle Ages that people turned this into a hobby because of the art work and the historical value.

Coin collecting today is still a hobby that many people enjoy. One of the most precious and most expensive collections that anyone can ever have are those of gold coins. The most expensive gold coin ever bought was worth around eight million dollars. This was the American 1933 Gold Eagle. This is why the collecting of gold coins deserves to be called the hobby of kings.

Gold coins were one of the oldest forms of money. This was later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design was the Liberty Head bust but this was only made until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 when the Great Depression began. This prompted the recall of gold coins which makes them very difficult to find today.

Since these are no longer in circulation, the price for one of this rare commodity is quite high. Gold is now used for other things such as jewelry or bars that people retain as an investment.

South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes.

Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.

A lot of people retain gold today as an investment because they speculate that the demand will cause its market value to increase. Others hold it as a form of insurance should the financial situation become worse. There was a point in time when the more paper money that was made, the higher the price of gold which maintained gold and cash as equal value. After this standard ended in 1971, this enabled government to produce more paper currency without increasing the price of gold.

Since gold coins can longer be used to purchase merchandise most coin collectors just keep them to remember that people once used them.

Numismatics is the study of money, medallions, banknotes, token coins, and stock certificates. It is believed to have been established in the time of Julius Caesar who wrote the first book on the subject. It is a very interesting topic because every medal or coin signifies a different era, culture, economy and/or politics.

Numismatists or the people who study the history and over all appearance of the above mentioned forms of currency are different from coin collectors. Unlike numismatists, coin collectors are only interested in collecting coins and the prestige that goes along with it; a numismatist may also be a coin collector and vise versa.

Over the years, coin collection has been very popular. The most common designs are famous people and animals to depict the era when the specific coin was released.

Numismatists are generally interested in use of money, its origin, appearance, variety and production. They aim to explore the role of the different kinds of currency in our history using mint information. Mint refers to the place or facility where the coins are manufactured. They also grade or authenticate coins to determine their market value. T facilitate this, coin grading system facilities were established.

At this time there are three major third party facilities that authenticate coins and/or paper money. These are: the PCGS or Professional Coin grading system located in Newport Beach, CA; the NGC or Numismatic Guaranty Corporation in Sarasota, Florida; and Paper Money Grading (PMG).

PCGS is a third party institution that was established in 1986, which grades and authenticates coins primarily for commercial purposes. They are an independent body providing expert opinion in rating a coin. NGC is also a third party institution offering services solely to numismatists. It was established in 1987. On the other hand, PMG is solely for authentication of paper money and a smaller department of PCGS.

When coin collecting was not as popular as it is now, there were only 3 categories into which a coin could fall: 1. Good ñ which means that the coin has all of the details intact; 2. Fine ñ which means that the coin has all the details intact and still has a bit of luster visible; and 3. Uncirculated  which means that the coin was never put on the market thus maintaining its original appearance.

However, today coin grading has evolved and is becoming more definite. They use a combination of letters and numbers that corresponds to the quality of a coin. The coin grading system of United States of America is the most comprehensive and recommended for beginners. An example of USA grading system: MS-60 to MS-70 which means that the coin is blemish-free and has good color and strike. In short it’s perfect!

Knowing how to grade a coin properly is not only a gift, it’s an art. It requires knowledge, exposure and obviously skills. For coin collectors, ability to grade a coin is a must because the value of a coin largely depends its grade.

Here are some components Numismatists use in coin grading

1.    Luster – it is a determining factor whether or not a specific coin has been circulated. To have a higher grade, a coin must be technically intact and free from any form of imperfection or blemish.
2.    Surface preservation. Abrasion on the surface of the coin and its location is a huge factor in grading a coin but it does not necessarily mean that abrasion can lower the grade of a coin. For example, if a good-looking coin has a severe abrasion on the back that is unnoticeable it will not count against the coin, but the issue may not be the same if the abrasion is located on the front or focal point.
3.    Strike. It refers to the coin designing process wherein the coin is being stamped onto a planchet. In overall grading, strike does not weigh a great deal.
4.    Coloration. For some coin collectors, preservation of original color of the coin has a huge impact on its value especially if it is a copper or silver coin.
5.    Eye appeal. Some coins may not be perfect but collectors may find them attractive, however, it still requires expert opinion to conclude that a certain coin is excellent in all aspects mentioned.

If you have no background in grading coins, you have no business in coin collecting and numismatics without employing help from the experts. Coins have been playing vital roles, not only in the lives of people who love collecting and studying them, but in society as they represent different eras in history. Whether you are selling, buying or collecting coins, you must acquire the necessary basic knowledge or information; so that you can be assured that it is accomplished properly.

For more information on Numismatic Coin Collection visit http://www.MLMCoinCollectors.com

mlm coin collectors

What are bullion coins? These coins may have high values because they are not only limited; but also they may have been found in shipwrecks, or they may come from the ancient times. Bullion coins are the type of collectorís items that many people look for.

The silver bullion could be the most well known type of bullion that is selling very well in the internet aside from those that are to be considered to be most expensive and valuable items in the world.

Some high priced coins that are displayed on the internet include the silver ingot. The silver ingot was said to have been found in the Spanish ship Atocha that sank in the ocean. This ship was found to contain treasures and artifacts including silver ingots. Others claim that the silver ingots were recovered from an old Colorado Mining area. Coins were found everywhere and were said to have been hidden by the miners.

The silver Maple Leaf Coins, which are officially sealed, are also popular among collectors. These coins came from the Royal Canadian Mint and include the Walking Liberty half-dollars and the dealer roll first-strike 1994 U.S. Eagles. These items were a collection of the Franklin Mint which had more than 100 masterpieces in his memorabilia.

Most bullion collectors prefer the gold billion. Some famous bullion gold coins include the gold Krugerrands, which are from South Africa. The European Gold Crowns were released from the late 1800s  to the early 1900s. Other items include the Canadian Maple Leaf Coins and the United States American Eagle Coins. British Sovereigns are also seen on the internet as are the Swiss Helveteas and the French Roosters.

The awesome 10-ounce Swiss gold bar, China gold panda set, and the American eagle proof set coins can also be found and are considered to be the most seen coins on the internet. There are gold bullions found in the American Eagle set, Mixed Lots, Rounds, Bars, and any other similar categories that are found on some sites n the internet.

A type of bullion that is not well known is the Platinum bullion. It is less researched on the internet because the demand for it is not as great as the silver and gold bullions. Platinum bullions can be purchased anywhere: some of them are the French Statue of Liberty coins, Eagle sets, and the Koala Proofs. The World Trade Center has also offered some Platinum bullions like the Englehard platinum bar, crucible dish made of platinum bullion, and the Johnson Matthew Year of the Dragon coins which were recovered from the safety vaults of the building when it collapsed.

These coins can be considered as thoughtful gifts aside from their being valuable since they can be kept as a souvenir from the person who gave it. A bullion bar that features a happy birthday greeting can be a thoughtful gift for a friendís birthday especially if the bar has the date of the birthday on it. Some people also use them for their anniversaries as their gifts to one another – they search for those bullions that have the date of their engagement or the wedding year. Some brides also ask their groom to find her 24-karat gold flakes or silver flakes as her chosen token for their wedding.

Coin collecting of this type can be very expensive, especially when buying bullions,

Here are some tips that can guide a person in his search for affordable bullions.

1.    A person must be sure of the type of bullion he would like to purchase before ordering or buying.

2.    He must ask himself, or the person  he is buying the bullion for, what bullion he/she prefers and ask if they would like to come with him when purchasing the bullion.

3.    A person must figure the delivery costs and add them to the agreed price.

4.    A person should be sure that the seller would contact give him a delivery for the item if they have ordered it on the internet.

5.    He should never make the payments using instant money transfer firms.

6.    It is important to know the seller’s background and reputation in the business.

A person can purchase any bullion that he prefers. The idea of giving bullions to a special loved one or friend can be very thoughtful .

A collector would choose certain specifications when
it comes to his coin collections. If a coin collector
is new in the business, it is a tradition to start at
the very beginning. You can’t just flip a coin and
decide the result, although, that can be the last
resort. Alright, so down with the real thing. You can
choose your collection based on your preference. Are
you the silver, bronze, or gold type of person? How
old do you like your coin to be? In what period?

Best advice: start at what interests you. Then collect
it by the following:

Date or Period of Time

Coin collectors who see their collection as an
investment would probably prefer coins that are older
than their grandfathers. The more ancient the coin,
the better. Aside from being centuries old, there are
also Revolutionary coins and those that came from
another time in history. Some people would start by
building up decades of coin that embraces Mint
condition.

Country

If you have decided to collect any kind of coin for as
long as it came from different countries worldwide,
that would be tiring but exciting. And it can cost you
a lot. So things wouldn’t be exhausting, you could
start off by collecting coins of your own country.
After that, if you already have enough funds, you
could drop by a coin shop and ask if there are any
coins from outside the country then go to the next or
just gather it in one blow.

Metal

Collecting silver or gold coins for these are the
kinds of coins that can profit your pocket.Usually, the
concern on what kind of metal to choose belongs to the
more professional collector.

By this time you may already have an idea on where to
start. As the hour glass makes its due, you will
become more interested and selective of the types of
coins that fits your album. You will develop areas
that you may not find in other collectors.

You still need to know some specifications about the
kinds of coins that you will collect.

Details

You have seen an ordinary coin, its features wouldn’t
be different from the old one because typically, new
coins are just patterned from old coins. You have to
inspect if the writing on the coin is still clear. A
coin wherein the smallest details, like feathers or
robe folds, are completely worn away is of little
value.

Toning

Means discoloration or tarnishing, toning can increase
the coin’s value. Believe it or not, if a blue tone is
present on a silver coin, it can be very desirable.
Toning has an effect on a coin’s details for it can
accent its faded features. For as long as the tone of
the coin wouldn’t turn out uneven, there’s no reason
to reject it.

Wear AND tear

If you have been in coin shops that are offering
bargain coins, it might be because it has been into a
lot of circulations and the market has already
rejected it. You will notice certain kinds of
scratches an even scarring that is caused by
chemicals. Scratches can be acceptable but scarring is
a no-no. Chemical scarring can be related to
corrosion, pits, etc. As much as possible, make your
coin collections spotless.

Coin collecting is a hobby that is extremely popular
among a lot of people. Whatever the age of the person
is, collecting coins has its benefits. In most cases,
coin collections gravitate on two things. For
children, they tend to collect coins that look pretty
or unusual. However, for adults, their coin
collections will tend to gravitate towards the value
of it rather than the looks.

People have different ways to acquire their
collection. Some will just collect any coin that they
stumble upon, while there are people who buy in bulk
and eagerly anticipate limited mint edition of coins.
Whatever your methods are, there may be some questions
that you may want to ask about this particular hobby.

The first would be about handling the coin collection.
As a beginner, you must understand that you should
handle the coins as little as possible. The fact that
fingerprints on an uncirculated coin can dramatically
cut the value of the coin, you must never handle the
coin at all. However, if you do need to handle the
coin, do so from the edge and never on the face of the
coin.

If you need to lay the coin down, it is important to
use a velvet pad if it is available. But, if none is
available, a soft and clean cloth will do. If you are
going to handle coins that are extremely high in
value, you must do so with surgical gloves and
protective face mask.

Most people will also tend to ask how to keep their
coin collections clean.

Basically, you donít really need to clean your coin
collection. In fact, you shouldnít even think about
cleaning them at all. Most collectors look for the
authenticity of the coin rather than its shiny
newness. Even if you wipe the coin clean with clean,
soft, and lint-free rag, it will leave hair line
scratches on the coin which will greatly reduce its
value. So, cleaning a coin collection is never really
an option.

Storage is also another question that you may have
about coin collecting. Basically, the goal in storing
your coin collection is to protect it from temperature
extremes and humidity. Also, you may want to protect
your coin collection from dust, dirt, chemicals, and
even fingerprints. So dehumidifying equipments will be
needed as well as locking the storage as airtight as
possible.

In most cases, low value coins are kept in almost any
container and can be handled any way you like.
However, when you are dealing with high value coins,
you will need to give it extra attention. The goal
here is to provide a container that will preserve the
coin’s condition. Make the container as airtight as
possible, and the container should also be able to
display the coin in order for you to never need to
take out the coin from the container.

Uncirculated coins are very much valued by collectors.
However, if you really want a valuable coin
collection, go for rare ones if you can afford to have
it. Learning about grading coins can also help you to
determine the true value of a particular coin.

So, if you want to start your very own coin
collections, you may want to keep these things in
mind. With these tips, you can be sure that you will
be able to know how to handle your collection and also
help in appraising its value. Always remember that
this hobby is not just fun, but is also a good
investment.