Coin Collecting Magazines: Coin Collecting Can be Profitable

Coin Collecting Can be Profitable
coins collecting8 Coin Collecting Magazines: Coin Collecting Can be Profitable
Michael Russell asked:

Coin collecting has been around for many years. To most people, it has always been a hobby. They collect coins for fun and their aesthetic value rather than their monetary value.

To other people, coins can be a source of income, such as when one trades on the coin’s precious metal intrinsic value, like gold and silver. Also, people travel around the country setting up booths at special coin shows hoping to sell their coins for a profit to collectors. If you go to your local flea market, you will usually find at least one coin dealer there trying to sell coins to collectors for a profit.

Some more sophisticated investors will try to use not only the coin’s precious metal value but will also trade using the exchange rate value on the open market. For example, buying Canadian maple leafs at a set value, then waiting for the exchange rate to become favorable and trading the coins for US silver dollars. If you own two Canadian maple leaf coins for example, you may be able to end up with three US silver dollars by taking advantage of the exchange rate. This practice is of course, not for novices as there is much risk involved.

Coin collectors, also called numismatists, will visit coins shows, coin dealers and pawn shops in search of whatever coins they are trying add to their collections. Collectors cover the spectrum from collecting cents all the way up to silver dollars. Each denomination has certain dates that are rarer and therefore more valuable. An example would be Lincoln pennies, for which the following dates are rarer and more valuable: 1909-S, 1909-S VDB (for the designer, Victor David Brenner), 1914-D, 1922 with no mint mark and the 1931-S. The letter following the year represents the different mints where these coins are produced. D for Denver, S for San Francisco and no mint mark for Philadelphia.

There are some collectors that specialize in areas like coins that are in circulation but have errors. The 1969-S Lincoln penny with a double die obverse, the 1970-S small date Lincoln penny with double die obverse, the 1972 Lincoln penny with a double die obverse are some examples of these. Also, more recent coins like the 2004-D Wisconsin quarter with an extra leaf on the ear of corn and the 2005-D speared bison reverse design Jefferson nickel which appears as though the bison was speared. There are many other examples and a search on the internet for rare coins will help you find these.

Value to a hobbyist may be as simple as how pretty a coin looks. The shinier the more appealing. To a true coin collector, luster, lack of scratches and wear are very important to the coin’s value. A coin can be valuable because it is rare or because it is of top quality. This has become so important, that an actual rating scale has been developed to grade coins for purposes of value and insurance.

Our next article will cover more on how coins are graded and the actual scales used. Until then, take that change out of your pocket and check. You may be walking around with hundreds of dollars and not even know it.

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Coin Collecting For Dummies - Book

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Question by martinEnrique: where can i get free coin collecting magazines online?

Answer by MelMel
Try They have free catalogs and some mags. Not all are free, but most are.

When starting a coin collection, choose the type of coins desired, do research on coins and complete a series of coins before moving on to the next series. Start a coin collection and stay organized with tips from the owner of an antique store in this free video on coin collecting. Expert: Rui Farius Bio: Rui Farias has over 20 years of experience in collecting antiques and coins, and 15 years of experience in buying and selling antiques. Filmmaker: Christopher Rokosz

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26 comments to Coin Collecting Magazines: Coin Collecting Can be Profitable

  • ashkansoccerpro

    They have the same content that’s in the magazines but it’s online.


    This is a good video for the beginning collector. Given its short 2 minutes and 40 seconds, the information is targeted to a few key points, including coin type collecting and coin display

  • Soundexpert100

    Not only did it teach me history, but mathematics, pattern recognition, attention to detail and objective reasoning as well. There is so much more to say but in the end PCGS and NGC grading services have cornered the market on the universal determined value of your asset. You cannot enter the “beauty pageant” of actual coin value without a “banner” or grade from these established “Supreme Court of coinage justices” in the event of trading or liquidation.

  • Soundexpert100

    If you are interested in the field of Numismatics, congratulations! it is a great hobby.If you are serious about building a collection for investment I suggest you fully educate yourself for your own security and protection. Personally I began as a five year old when a friend of my mother’s handed down a well-worn Bluebook Guide to me, consequently, I set down my Mother Goose rhymes opened the book and was immediately aroused with passion and excitement!

  • JOHNSderry

    hey im 12 years old and i have been collecting coins paper money stamps comics for the last 2 years and i have a good amount of them come look at them now in my should like them

  • stdspk

    I would feel much safer buying a key date coin in an ANACS holder than buying raw. ANACS has a strong reputation and is known for being able to detect counterfeits. PCGS and NGC may have a better reputation, ANACS isn’t total garbage like your post suggests.

  • ellenpellenisking

    I have this coin at home that I would like to know from where it is. I don’t understand the writing on it and can’t see any year on it. It’s gold and have a picture of a pot or an urn on one side and have writing all around the edges on the other side with an O in the middle. To me, it looks maybe indian or greek, but I’m no expert in this. I’ve googled it but can’t find a match. Does anyone know where this coin come from, what it’s called or anything about it? Please write back to me.

  • JanAppeldorn151

    got a roll of buffalo nickels !
    not so special in USA , but in Holland …

  • Razor7581

    Here’s the thing about plastic & coins:
    What you want to avoid are the plastic holders that contain PVC, which, nowadays, are hard to come by. Otherwise, plastic holders are just fine.

  • Wolfvitacus

    I have half a roll of Large Cents from early 1800s, Half Cents, 2-Cent Coin, 3-Cent pieces, – For very old dates – quality isn’t a problem with me. I have some MS-65s from the 30s up, but that’s about as low as my dates go lol for the earlier high quality. I recommend Proof sets for beginner collectors. You can get a 1957 proof set off ebay for under $35 – Totally worth it

  • Nosfeast

    @TheZiar I went to my local coin shop and bought 4 for my collection I paid $1.45 each for them though.

  • millerboys31

    i hav a tare fox coin

  • experthowto

    Wrong. An ANACS graded 1909 S VDB penny is worth much more when not encased by the ANACS grading company since their grading isn’t as trusted as other companies such as NGC or PCGS. Or, take the 1956 proof set: Washington Quarter, Roosevelt Dime, Lincoln Penny, Jefferson Nickel, and Franklin Half Dollar. You might buy it for $60.00. But, you buy the half on its own for $40, the quarter for $20, dime $12, nickel $10, etc.. Breaking the package and selling them separately can make you a profit.

  • 0PaulVaughn0

    are you suggesting coins were born in plastic cases? Or that the mint places all it’s coins directly into a plastic case? You’re crazy.

  • 807DeadPenguins

    Does your uncle also have one of the biggest cawks in Australia? If so, you’re a lucky little boy!

  • jon204


  • Poonard

    how can you not though. I take the diverse road myself and it makes me happy because i leave one type on to another and so on and so forth. I have a lot more fun taking this road even though it might take more organization and timing. Plus, it helps me expand my knowledge and reach into coins. I only have a small collection for now but I feel I have a good sense of what and what not to do. Happy Collecting!

  • sharpie443

    I’m way to random in my collection. I collect anything silver. i collect world coins but I only have 2 full sets because i lose interest and find another nationality I like. The only ones I’m constantly looking for are Prussian coins and Imperial Russian coins.

  • rhiordan88

    I collect coins and my uncle has one of the biggest coin collections in Australia

  • xCTx13

    What the hell is this bullshit? You never should take a coin out of a plastic case if it came that way. Most of the time as soon as you open the case the coin will decrease in value.

  • rollingstones129

    you can usually find them at coin shop just ask the employee for some indian coins and they might have them

  • TheZiar

    where or how do you get an indian head penny??


    i just started collecting i have 2 coins and there both from te 1800′s ones a 2 cent coin and ones a indian head penny

  • JacobRudduck

    I’m a collector too. I Have a rather large collection, and I am looking to expand it more seriously..

  • thecoincollective

    This is good advice. I’ve been a bit too erratic in my collection.

  • Paymandie

    That’s a good tip at the end because i’ve got some silver coins in plastic casings. Guess i’ll have to transfer them too.

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