Coin Collecting Guide Book
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Question about a RARE coin?
I have been collecting coins for a long time. I have one in particular to ask about: an 1845 USA Silver Dollar. Most coin books just list RARE under the condition I have mine in – Almost Uncirculated- AU 55-58, and whenever I take it to a show or dealer, they don’t want to pay the value I see in older guides, despite the much higher recent price of silver but they won’t say why. What can I do ?
You first need to understand the difference between coin value and price guides. Many price guides are nothing more than opinions of what some dealers feel their inventory is worth. Price guides have inflated prices. The second thing about price guides is that the prices listed are retail prices which are the prices that a dealer would charge you when selling their coin.
The second thing is that you need to get your coin certified and graded. Your grade of AU 55-58 is your opinion and may or may not be accurate. Third party grading is absolutely necessary for high grade /high value dollars. There are published price guides that list coins by grade and a buy/sell price. The price list also lidts the different prices for different grading services. Most dealers will buy at 10-15% less that that published price. Most sales volume is dealer to dealer transactions. The bulk of the market is not in retail sales.
Your coin has no connection to the gold/silver bullion market. Your coin has true collector value. The bullion value is much less than the collector value.
Yoy should check out the American Numismatic Association web site at www.coins.org for a list of dealers that could submit your coin for grading. NGS and PCGS are the best. The service is costly (depends on the coin) but well worth it. With certification, you sell the certificate and don’t need to play with things loke photos for the mail order market.
One final note – you coin has high value but there are not of collectors for that series. Value is high but demand is low.
A general guide to how Banks were created and how money works
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Coin Collecting 101: Everything You Wanted To Know About Coin Collecting: A Beginner’s Guide to Coin Collecting – AUDIOBOOK $19.00 Here’s a little of what you’ll learn inside of Coin Collecting 101: Everything You Wanted To Know About Coin Collecting:- Becoming a Numismatic – the fancy word for a coin collector- Where to find coins – some places are better than others- What you should look for in a coin – shiny isn’t always better- What are mints and mint marks – master this before you get started- What affects the value of a… |
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Coin Collecting 101: Everything You Wanted To Know About Coin Collecting: A Beginner’s Guide To Coin Collecting – Audiobook $4.45 … |
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Dood’s Big Adventure – Udraw $2.84 Welcome to Dood?s Big Adventure. Using the power of the uDraw GameTablet you can draw, tilt and maneuver your way through 60 different challenging levels. Customize your own Dood to roll, float, and bounce through challenges by solving drawing related puzzles, collecting coins and defeating enemies, all in a world customized by you. UDraw Tablet Required to Play*Features include: •Udraw Table… |
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A Guide Book of United States Coins 2011: The Official Red Book (Guide Book of U.S. Coins: The Official Redbook) $3.93 This book includes everything you’ve ever wanted to know about US coins! (ISBN 0794831494)… |
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First State Quarters of the United States Collector’s Map – Limited Edition $23.95 Limited edition “First State Quarters of the United States Collector’s Map.” The map is a finely detailed work of art. Measuring a full 17 x 28 inches in size, each State Quarters Map is printed in brilliant, high-gloss color on extra thick, double-ply board…. |
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R&R Catalog & Guide to First Day Cover Collecting $3.59 This quality H.E. Harris folder holds Buffalo Nickels from 1913 to 1938. It makes the perfect tool for organizing any collection. 66 openings…. |
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CoinManage 2011 – Coin Collecting – Numismatic CD For Collectors: Manage Your Coin Collection (Windows Software) $59.95 CoinManage is the premium software for Windows used by coin collectors the world over. Includes a comprehensive and accurate values database, recently expanded to include many more grades. Includes for Type-Specific valuations such as Full-Head Standing Liberty Quarters, Full Bell Line Franklin Half Dollars, etc. Values are updated twice a year and are downloaded via the automatic program update f… |
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2012 Guide Book of United States Coins: Red Book (Official Red Book: A Guide Book of United States Coins) $7.43 The Official Red Book A Guide Book of United States Coins is 65 years young and going strong. Collectors around the country love the convenience of the spiralbound edition. It opens up and lies flat on the table while you study your coin collection. And of course it includes all the historical background, detailed specifications, high-resolution photographs, and accurate mintage data that turn a n… |
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2012 Handbook of U.s. Coins: Blue Book (Handbook of United States Coins (Paper)) (Handbook of United States Coins: The Official Blue Book) $5.64 The Official Blue Book of United States Coins 2012, Paperback. This guide features grading and collecting tips, mintage records, historical information, and data compiled by more than 50 coin-elite contributors. Lists dealer buy prices, how much dealers will pay for your coins, not retail prices. R.S. Yeoman, Edited by Kenneth Bressett, 256 pages…. |
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Coin Collecting For Dummies $11.56 Can’t make heads or tails out of coin collecting? You need Coin Collecting For Dummies, 2nd Edition, the treasure trove on information on numismatics. This hands-on guide escorts you through the world’s oldest hobby, helping you decide which type of coins you want to collect, keep your collection in mint condition, buy and sell coins on the Internet, find interesting coin shows to attend, and … |
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