Some Dollar Coins and Your Coin Collection

When it concerns dollar coin collecting there are so many options available that you would be hard pressed to identify the best dollar coins t worth collecting. For one, the Flowing Hair Dollar, the original silver dollar that was made in only the second year after the start of US Mint operations was available in limited numbers totaling about one hundred and sixty-two thousand coins in all. It was later replaced with the Bust Dollar that was minted in the middle of 1795. However, the Flowing Hair Dollar is one of the coveted pieces and hence commands a very good price. You will be paying $5000 on up for this one dollar coin.

Dollar Coin Collecting: Draped Dollar

The Draped Dollar that was minted between 1795 and 1803 and had a number of varieties as well as errors in them. It is also a dollar coin that is worthy of being added to any dollar coin collection. There are only 19,570 coins of that make and the last batch was rolled out in 1803. The salient point about this dollar coin is that it is considered as being the most important of all dollar coins ever minted. Again pricey.

The popularity of the Draped Dollar cannot be denied and has led to many copies being made of it, most notably in China. So if you are considering buying these and adding them to your dollar coin collection then you should only buy them from reputable and recognized coin dealers.

Another useful dollar coin that lends itself well to dollar coin collecting is the Gobrecht Dollar that was minted after 1831. This is an expensive dollar coin, especially the 1836 version.

The Seated Liberty dollar coins are more in number than the Gobrecht Dollar and these 1840 born coins are worthy of your collection and now we are reaching a stage where these coins are priced for the less wealthy coin collector. In 1853, the Seated Liberty Dollar became very important in trading with China and was soon called the trade dollar. The minting of these dollar coins was finally stopped in the year 1870.

In the modern era, the US Congress has requested the minting of dollar coins to commemorate each US President as well as their spouses. And these are delightful and within everyone’s reach. You can actually get these coins from your local bank.

Look for these Presidential dollar coins for your collection, as there will be four different Presidential Dollar designs minted each year through the year 2016. These Presidential Dollar coins are only being minted in limited numbers and each will come out in intervals of thirteen weeks or so.

And for the more worldly dollar coin collection enthusiast don’t forget to check out the Canadian or Australian dollar coins.

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Should You Invest in Silver Dollar Coins?

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Spare Change Ep01: Coin collecting do’s and dont’s (gold and silver coins too)

In this episode of spare change we talk about the things you need to know about coin collecting (Silver and gold coins too). We go over what type of American coins are out there to collect, what coin is worth what and how to avoid the scams when coll…

by uhuru1701

What Affects the Value of a Coin ?

When you are just beginning in coin collecting, often a big question is: “What is the value of my coins?

The answer is that the coin will cost as much as you are willing to pay for it and that amount can vary greatly.

For example, a coin dealer’s offer can be considerably less than a coin collector that really wants your coin badly to add in his or her collection.

Here are some factors that go into finding the true value of a coin.

Grade or condition of the coin. Your coin will be worth or valued more, when it is in good condition. When in a perfect or unblemished mint condition, an “uncirculated” coin will be worth many times more than a similar coin that has been in circulation.

The rarity of a coin is the principal basis for a coin’s value. Generally, the rarer that a coin is found to be, the higher it is priced. Do keep in mind that rarity has very little influence on the coins age. Chinese coins are a thousand years old, yet they normally sell for about ten dollars, since there are so many of them.

On the other hand, a “1913 Liberty Head Nickel” can sell for up to or over a million dollars because only five specimens are known to be in existence.

What is the Demand? There are coins that are greatly in demand; meaning they are sought after by many collectors. If a particular coin is in great demand, the price will be even higher. Even comparatively plentiful coins can mandate higher value, when they are popular with coin collectors.

For example, “1916 D dimes” are much more common than the “1798 dimes” yet in spite of this, “1916 D dimes” sell for so much more, because there are many more individuals collecting 20th century dimes than 1700 dimes.

Coin Bullion value. A coin’s precious metal content can help determine its value. A platinum, gold or silver coin will not, in general sell for less than the coins value when melted.

Here’s how you can determine the approximate value of your coin:

Grade your coin based on your thorough observation and examination of its current condition.

Consult coin catalogs for a list of retail prices in the market or estimates of your coin’s retail value. “A Guide Book of United States Coins”, popularly known as “The Red Book” to coin dealers and collectors, provides information on retail coin prices for US coins and is available in libraries, coin shops and bookstores.

“The Standard Catalog of World Coins” (in volumes) is a guide commonly used by coin dealers and collectors as well, to provide information on world coins and is available in many public libraries.

You can also check current coin prices by basing it on the actual dealer coin price found in magazines and newspapers or online auctions such as Yahoo, Coin World, eBay or Teletrade.

Always keep in mind that you are not collecting coins primarily for money; you collect for enjoyment and self gratification, and profit is to be last consideration. The plain fact that a certain coin does not have a large monetary value, does not necessarily suggest that it is no longer interesting or fascinating or that it must not be included in your collection.

Each coin will have a certain interest in itself, regardless of the condition that it is in and regardless of its monetary value. There will always be a certain characteristic that will draw you to that particular coin And when it does, then you should have it in your collection.

How To Determine the Value of a Coin related articles from the blogosphere…

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http://www.coinlink.com/News/us-coins/what%E2%80%99s-it-worth-how-dealers-determine-the-value-of-a-rare-coin/

Melt and Spot Values – Coin Community Forum

I am a little less sure about ‘melt value‘. Is it the nett value of bullion in a coin, less the cost of melting and refining? If that is the case, where can I find information on melt and refining costs? Obviously, these costs per coin …

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Gold coin value 'driven by dollar inflation' > Gold News > World …

Gold coin value ‘driven by dollar inflation’ > Gold News > World Gold Council, the information resource for gold, investment, jewellery, science and technology, historical and culture …

Publish Date: 10/14/2010 16:00

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Coin Collecting : How to Determine the Value of a Coin

The value of a coin depends on several factors, including what the coin is made from, if the coin has a mint mistake and if the coin is rare. Determine the value of coins and understand the grading system with tips from the owner of an antique store …

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