Here’s my story… why I decided to start collecting coins, what I get out of it, and my tips for those looking for coin collecting information.
If damage happens to a coin before it leaves the Mint, then that coin is considered an error coin or a mistake. (On the other hand, if damage happens to a coin after it has left the US Mint facility is considered 'damaged' and it is generally worth very little.) Error coins are rare and valuable because they are legit -- they entered circulation that way and are relatively few in number. Here's a list of well-known U.S. coin errors, how to determine a true error coin from a fake one, the most valuable error coins to look for, and how to spot new errors on coins -- because new errors are being discovered all the time!
It’s surprising what ends up in your pocket as change received from a simple purchase. I’ve managed to complete a very informal coin collection strictly from pocket change. Every morning when I stop to pick up a newspaper, I check to see if the 2 quarters in change are the next coins for my collection. Other unique coins made their way from pocket change to my coin collection as well.
Presidential Dollar coins were struck from 2007 to 2016. Each $1 coin features the face of a former U.S. president. Four coins came out each year until all former presidents (non-living) were minted on these golden-colored U.S. $1 coins. Another related presidential coin set called the First Spouse gold coins program ran from 2007 to 2016, as well. These $10 gold coins were released concurrently — at the same time as their husband’s President coin.
Have a coin set or completed coin folder and want to know how much it’s worth? Here’s how to tell the value of your completed coin sets and coin folders…
There are several coin price guides made by different companies, but I mostly use the Red Book and the Black Book. Here are some tips for choosing the right price guide for you coin collection.
Do you know how to tell a war nickel from a regular Jefferson nickel? I’ll show you – it’s simple! Plus, see what Jefferson nickels are worth today… including war nickels.
Millions of coins are released each year by the mints, so it is no wonder that a few abnormal coins slip by inspection and out into population. These are called error coins. They are highly collectible and usually command a lot higher price than if the coin were struck normally.