Coins, Paper Money, Medals and Tokens

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Seminar Offers Paper Money Classes

moneyPaper money classes offered at the American Numismatic Association's 2009 Summer Seminar are designed for a wide range of interests and collector levels.

The educational event, held June 27-July 3 and July 4-10 in Colorado Springs, Colo., features currency experts and offers students the chance to view some of the country's finest paper money specimens.
Session I courses, scheduled for June 27-July 3, include the five-day course, "Detection of Counterfeit World Paper Money," by Joseph E. Boling, ANA governor and co-author of World War II Remembered: History in Your Hands.

Rare coin could get more than $2M at Ohio auction

coins

The coin world is abuzz over the auction of a rare silver dollar, one of the most valuable in the world and one of only 15 known to exist from a never-circulated group made for the likes of the King of Siam and the Sultan of Muscat.

The 1804 Adams-Carter silver dollar fetched more than $2 million in a private sale two years ago and is expected to top that again this week. The coin has been owned by a Boston banker, a Texas publishing mogul and by a collector who sold everything to help build a church school in Ohio.

1858 Flying Eagle Cent Varieties Reasonable

coinsThe 1858 Flying Eagle is not an especially rare date, but that does not mean it has been ignored over the years. As one of the few Flying Eagle cents, the 1858 has had a certain amount of demand even though the Flying Eagle cent is not a heavily collected set except as part of an Indian Head cent collection.
The release of the first 1857 Flying Eagle cent had been an event of some significance. A nervous group of officials had clearly been happy with the fact that the new Flying Eagle cent was seemingly popular with the public. Production was rushed in 1857 to meet what seemed like a large demand.
Heavy production continued the next year with the 24,600,000 mintage 1858, of which there are two varieties. It comes with large letters where the "A" and "M" in "America" are joined, or small letters where they are separated.

When to Sell Silver

coinsWhen to sell silver is important and judgment must be made as to sell too soon or too late can mean a loss on one’s original investment or potential future improvement in investment.
Currently the value of silver is increasing weekly and it is a great time now to buy silver.
When to sell silver should really not be dependent on the value of silver but on your need to convert it into cash. It is a good idea to own a selection of silver. Coins, valuable and just those for the silver content (junk coins they are called) and small and large silver bars are a good mix. Then you can keep and or sell what ever is required at the time. Owning just one large 400 ounce bar of silver restricts you in that you would have to sell the entire bar. However owning some coins and some smaller bars as well as larger ones, say 10 ounce, and 100 ounce bars and one ounce coins, gives you a choice and enables you to still retain some of your assets.

Adams-Carter coin goes for $2.3 million

adams_carter_1804_dollar_ha_april09Besides laundry and parking meters, there doesn't seem to be a lot of need for coins these days. Of course, it's hard to make that claim when holding a silver dollar worth $2.3 million.

The 1804 Adams-Carter silver dollar, one of only 15 of its type known to exist, was sold at auction Thursday night for $2.3 million - including the buyer's premium - to coin dealer John Albanese of Bedminster, N.J.

"It was basically a half-million down from last year because of the recession," he said. "It was a good opportunity. These don't come around all the time."

Basilisk Coin Kicks off Austrian Legends Series

coinsApril 15 marked the launch of the Austrian Mint's new six-coin series, "Tales and Legends of Austria." It is a new chapter in the mint's long-running "Austria and Her People" series.

The debut commemorative features the Legend of the Basilisk, the dragon-like creature that was said to live in the medieval city of Vienna.

The reverse of the coin depicts the Basilisk at the bottom of a well that was located in a bakery at No. 7 Schoenlaterngasse, or Lovely Lantern Lane. The Basilisk is standing in a bit of water and in the background is the brave baker's apprentice holding a mirror at the moment the Basilisk sees itself in it. At the top of the coin, the baker and city counsellor are fearfully peering over the well's edge.

The obverse of the coin depicts the Schoenlaterngasse of modern times, still maintaining much of its mediaeval characteristics today. The baker's house is depicted on the right side of the coin. The street name "Schoenlaterngasse" is struck into the scroll at the top of the coin. The obverse also bears the face value of 10 euros, the year of issue 2009, and the country of issue "Republik Oesterreich," or Republic of Austria.

Cashing in your coin stash can yield real money

coinsNearly all of us have spare change piling up in a jar or piggy bank, or accumulating beneath the couch cushions. But $7,000 worth?

That’s how much Clark Pellington’s family has collected in coins the past five years. It’s a windfall from life’s little transactions — change from that cup of coffee bought on the way to work, or a few dimes back from the toll booth clerk.

“I bring home every penny that lands in my pocket,” said Pellington, a married 46-year-old financial services professional from Wayne, N.J.

They don’t blow it

Pellington’s 9-year-old son and 5-year-old daughter split the proceeds from the coin stash but don’t blow it on toys or candy. Once a month, they round up their piggy banks and join mom and dad on a trip to a Penny Arcade machine at a TD Bank branch.

There, they get a penny-for-penny return on their coin exchanges. The money goes into the kids’ savings accounts.

Don’t look at Coins the Same way Today

coinsMy old coin collection changed my life for the better and provided me with a college education. If you haven’t read my book “31 Steps to your Millions in Antiques and Collectibles”, you should. In the first few pages I tell the story about how, with a young family and no money to speak of, I was able to attend Kentucky Wesleyan College and get a degree. Maybe I had $100 in my account, but through buying and selling American coins I was able to put myself through college.

Today I visited a young man that had inherited a house full of items after his mother’s death. Spending over two hours looking over hundreds of pieces, I started to try teaching him the principles that we use at the 31 Club. It was overwhelming with perhaps hundreds of custom jewelry pieces, most of little value and over fifty paper items from etching to prints that would make pretty wall hangings but nothing else. I am sure that he was disappointed because I showed so little interest in this assortment of garage sale items but why should I? It wouldn’t help him and I was in a position to help him but with what?

Ancient Greek Coins Are Rare Coins With a Unique History

coinsThe history of the ancient Greek coin is divided up into three points of time. The first one is called the Archaic period. This time expands from the first appearance of coinage to the Greek World in about 600 BCE until the Persian wars in about 480 BCE. After this, is when the Classical period started, and endured until the subjection of Alexander the Great in about 330 BC.

Next, is when the Hellenistic began, drawing out until the Roman preoccupation of the Greek world in the 1st century BCE. The Greeks cities extended to make their own coins for many more centuries under the Roman rule.

All of the Ancient Greek coins were hand-made, instead of a ridge around the edge like modern coins are. Ancient Greek coins were invented in the Kingdom of Lydia, which is now Turkey, in about 620 BCE.

Some Of The Premier Coin Shows

coinsCoin shows are the best way to buy or sell coins. Well before the coin shows, you should take some time to get organized. Know what you’ve got, what you need and what you’d like to sell.

This is something that a surprising number of collectors don’t do. The best way to always be prepared is to keep a running inventory list.

Do your homework beforehand, so you know what you want to purchase and have a good understanding of its fair market value.

Of course, always leave room in your budget for that spur of the moment purchase, but don’t let yourself be overwhelmed by all the choices available.
 

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