5 Money-Saving Tips For Collecting Lincoln Pennies

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I love collecting Lincoln pennies. Most collectors know "pennies" are officially called one-cent coins. But, let’s face it, the word “penny” is hard-wired into the vernacular of most Americans. Lincoln wheat cents were the first coins I ever collected when I jumped head first into numismatics as an 11-year-old boy in 1992. All these years later, I still enjoy collecting Lincoln pennies. … [Read more...]

What Are Impaired Proof Coins? When Bad Things Happen To Good Proof Coins

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I like collecting proof coins because they're usually exquisite, collector-quality examples of the coins that I find in my pocket change. But what about proof coins that are less than perfect? These are called impaired proof coins. According to the Professional Coin Grading Service, an impaired proof is "a proof coin that grades less than PR-60; a circulated proof." Unfortunately, not every proof coin is kept in the best condition. Many are mishandled. Sometimes they’re even spent … [Read more...]

6 Ways To Buy American Silver Eagle Coins At Cheap Prices

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Coin collectors and investors alike love buying American silver eagle coins, which are easily accessible and quite affordable for most people who want to invest in precious metals. In fact, silver eagles are sold by coin dealers just about everywhere and uncirculated -- or bullion -- versions are usually offered for only $3 to $4 over the current spot price of silver. But did you know there are plenty of ways to buy American silver eagles at discounted prices?   … [Read more...]

Tips For Finding Coin Hoards Like The Famous Saddle Ridge Gold Coin Hoard

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Have you heard about the Saddle Ridge coin hoard? It's one of the most famous U.S. coin hoards ever, and it was discovered by a Sierra Nevada, California couple on their rural property in February 2013. The 1,427 gold coins -- all half eagles, eagles, and double eagles dated from 1847 and 1894 and buried in 8 coffee cans -- have a combined value of some $10 million. It is the largest-known hoard of gold coins that has ever been found in the U.S! There was $27,980 in face value … [Read more...]

5 Cheap Coin Supplies You Need & Where To Find Them

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Cheap coin supplies are in high demand by collectors who want to take care of their coins but don’t have much… ahem… “coin” to spare (cue the joke punchline drum shot… ba dum sssssst). But, in all seriousness (OK, I’m not really going to get too serious – this is a blog post about a fun hobby after all), buying coin supplies can be a very expensive burden on coin collectors who have only a few bucks or so each week to spend on their passion. So how can coin collectors on a budget find … [Read more...]

How To Collect Short Sets: 5 Easy Coin Collections For Collectors On A Budget

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Short sets – miniature date-and-mintmark coin collections for a given series – are highly popular for coin collectors on a shoestring budget. A short set of coins is less expensive because it contains fewer coins than a typical, complete date-and-mintmark run of coins for a series and usually avoids the expensive key-date coins. These budget coin collecting sets also provide you with a springboard to finish the rest of that series should your finances later permit. What follows below … [Read more...]

3 Reasons Low Ball Coins Should Be High On Your Coin Wish List

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Have you ever found a coin in your pocket change that was so worn you could barely even tell what date was on it? These types of coins have received so much wear that they are almost worn smooth, and while many coin collectors avoid buying or keeping these so-called low ball coins, some actually do seek them for their collections. What is the appeal of collecting coins in such low grades, you may ask? #1 - They are dirt cheap as compared to similar types of coins that are in much higher … [Read more...]

Junk Coins: Perfect For Investors And Collectors On A Budget

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Have you ever heard about junk silver coins and are curious what they are? If so, you may have wondered if they are even worth collecting, given the fact they are referred to as “junk.” Well, in fact, junk is largely a relative term. In numismatics, “junk” is in the eye of the beholder, as one person’s trash is another’s treasure. A junk coin, usually, is a piece that is of a lower wear-based grade than considered “collectible” for a certain coin type. Say, for example, a Roosevelt dime in … [Read more...]

The Joys Of Being A Penny Collector

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Some people go head over heels for Bust halves while others sing praises for Buffalo nickels. But, I? What coin is it that I love most? It’s the penny – more specifically, the Lincoln cent. Why did I become a penny collector? What is it about the little copper coin bearing the bust of our 16th president, Abraham Lincoln, that has lured me to collect these coins for most of my life? Well, there was one prevailing factor – pennies comprised about 80% of the coins in my piggy bank back then, … [Read more...]

Metal Detecting Coins: Rare Coins Are Just Below The Surface

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Collecting coins is an exciting hobby for anyone who enjoys discovering history. It is a fact that every day people get change with their purchases, but how many of us really take a close look at each piece? You never know when a rare United States coin will end up in your pocket. But the excitement behind the possibilities in coin collecting begins with knowledge about which coins are considered rare and how much they are worth. And the rarest coins are more likely purchased, unless … [Read more...]