Posts Tagged ‘coins’

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Some Ways To Help You Know If You Have Acquired A Fake Silver Or Gold Coin

Friday, November 30th, 2012

Since there is no profile for a counterfeit coin, I check each and every raw coin I buy. I’ve found fake old worn coins, new mint coins, inexpensive bullion coins, and pricey rare coins.

There aren’t a lot of bogus coins , but checking them is really easy that I create it a habit to look at every raw coin I get. I remain to be relieved whenever they pass. I don’t like finding fake and want they didn’t exist.

If I get the coin in the mail, I examine the coin by giving it the “ring” evaluation that I’ve mentioned in various other articles. If the coin rings and appears right , I rarely do even more assessments.

I even perform the ring test on the coin shop prior to purchase. I usually get strange looks from the counter person, yet I decided that if there’s a problem with the merchandise, I would like to take it up right at the front of the dealer. I don’t want them to state I left the store, switched coins and required a replacement.

I try to only buy coins from sellers who guarantee the authenticity of their item. Even at that, claiming that someone only sold you a fake coin is a big obligation. I need to make certain that the coin really isn’t what it was represented to be , before I chase somebody for it .

In my hundreds of coin purchases, I’ve just gone back to two sellers for selling counterfeits. I felt like I required like a strong case, that there was no doubt about the authenticity of the coin.

When I find a fake coin, I’m suddenly tossed into the quandary of exactly what do I do concerning this. As in any kind of situation, there are some options to choose from. 1. Do nothing. 2. Contact the cops. This is similar to choice #1. 3. Get in touch with the seller. This can be the same to #1, or more aggravating. 4. Call the fake coin “Hotline” and report it.

Ultimately however, when you discover a counterfeit coin, it becomes your word against the seller’s. It is fairly difficult to prove that you didn’t exchange their “authentic” coin for a fake one to be able to obtain a free coin out of them.

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How To Choose What Type Of Silver Or Gold Coins You’re Going To Collect

Wednesday, November 21st, 2012

Almost all collectors of American coins collect by date , mint mark, and condition. This is identified as “series” collecting. That’s how I started out. I quickly gathered a whole collection of Morgan and Peace silver dollars. Then I gathered a complete variety of Silver Eagles and Engelhards and also other bullion type coins.

I began a Walking Liberty half dollar collection, till they got too expensive in uncirculated condition. I’d always been curious about collecting money from other parts of the world but didn’t know a lot about it.

Most foreign coins are accumulated by type, that creates the KM (Krause & Mishler) numbers so helpful. The Krause & Mishler “Standard Catalog of World Coins” in its numerous editions is the Bible of world coin collectors. I obtained much of my knowledge in this field through reading and understanding these massive books .

Numerous collectors accumulate their collections by type, in a few form or another. I realized early on that my “type” is one ounce silver and gold. As I learned much more about foreign silver and gold one ounce coins, I found them significantly a lot more affordable than American silver and gold dollars in a similar condition.

I often purchase them at a discount from Europe, China or South America. I’m guessing individuals on those nations:

* Have little interest in numismatic collecting

* Can’t afford expensive, unneeded precious metal coins

* Back to 1 & 2, need the cash and do not wish the coins to store, so that they will market them cheaply compared to Americans

For instance, you may obtain gold of a particular denomination or design. Or you might collect each denomination of gold coin a country has ever minted. You might possibly collect crown size silver as I do. You can actually accumulate commemorative items from various countries. You might want an instance of everything a single nation ever minted .

I accumulate silver and gold coins with various female representations of Liberty on it. I also have a one ounce silver collection with sailing ships shown in it. You might also be interested in accumulating coins with images of the country’s ruler on them.

In this way, collecting your pieces by kind is much more affordable than accumulating by series, especially since supply is constant and demand is increasing for some coins beyond what is inexpensive or perhaps attainable to many collectors.

To learn a lot more with regards to coins , like collecting problems, purchasing, investing and the coin market, I invite you to see this wonderful website that I found: silver investing.

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Five Tips To Help You Identify Counterfeit Silver Eagle Coins

Monday, November 19th, 2012

Silver Eagle Coins fraud is unfortunately a fact. I am going to show you in 5 ways to protect you from fraud.

Step 1:

Does the coin look proper? Any highly skilled or competent coin authenticator often cannot determine if a coin is bogus or not but usually say “It doesn’t look right”. You have to learn exactly what a real silver coin appears like. Once you know that, you can typically tell that the coin ” doesn’t look right” even if you can’t put your finger on it. Trust your gut instinct and do not purchase that silver coin .

Step 2:

What is the weight of a silver coin? A real coin will weigh a lot more than most bogus coins because of their cheap silvery metal alloy. When you notice a coin weighs more, it could also be a bogus and is possibly using silver plated lead.

Step 3:

Exactly what does the surface of a silver coin look like? Fake coins might have a silver plated finish , nevertheless, oftentimes they don’t. There might possibly be “high quality” fake coins they could appear convincing, but those are really unusual and a lot of people don’t go to that length to fake a coin. Silver has a unique sheen to it that is nor too soft nor harsh or perhaps soapy looking .

Step 4:

Exactly how do the silver coin’s sides appear like? If the coins edge should be reeded, and isn’t or vice versa, this is a huge red flag, because of the fact mint errors of this type are very unusual. Furthermore, when the coin has a seam around the edge or a little bit of a protrusion on the side, this is an indication of casting sprue, or file marks where they seam has been eliminated. DO NOT BUY THIS COIN!

Step 5:

Does it pass the coin tap test? Silvers coins have a different ring whenever kept on the tip of a finger and tapped with one other coin . Only precaution I would likely consider is to not to ding or damage the silver coin when performing this.

There are numerous legit sellers these days that get their coins graded properly; nevertheless, there are smaller sellers that will market anything that’s bogus for a fast buck.

Visit this great website to know a lot more regarding accumulating or investing in gold and silver coins: http://uscoinsvalue.net.

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Some Explanations Why Silver Coins Are A Great Investment Option

Saturday, November 10th, 2012

The distinction between silver and gold is the volatility. There’s no doubt that gold is the most pricey metal but, silver is a profitable investment on any day you look at it. Silver has lower market liquidity and there’s a huge distinction in the industrial value and store value.

These things not withstanding, silver sales have gone up both in the industrial market and as an investment. Individuals are buying by the numbers for its future use.During a financial crisis , silver coins are more in demand than that for its industrial use.

Purchasing Silver Coins Worth Money: There are many forms in which silver can be bought, so you have to understand precisely how you like the silver before buying it. For example, you can place it in a bank vault as a collectible or as an investment to cushion you from a monetary melt down. Regardless of the purpose for purchasing silver, be wary of scammers who are prowling the web for unsuspecting silver buyers.

The items to watch out for before you buy silver are: The dates of the coins. Old and unusual coins sell higher than their counterpart. Nevertheless, the coin is much more valuable in its best condition and you can locate such info all over the net.

Physical silver comes both as bullion or coins. These are sold in terms of weight and size. Common amongst the silver coins are the American Silver Eagle, Austrian Philharmonic Silver and the Canadian Silver Maple. The price of these relies on the purity of the silver .

Bullion is the bars of silver you see at your bank . They are highly valued in weight and are meant for investment and not collectible items. A number of financial institutions buy and sell silver and give certificates as proof of ownership. This is one other foolproof means of buying silver as investment. You have to be cautious when investing in any kinds of precious metals due to the high price and market fluctuations.

Though silver has presently strike a record high price in the market, don’t get your savings there just yet before you meticulously evaluate and understand the market trends.

There are numerous silver sellers out there, so look very carefully so you don’t buy fake or valueless silver. There are companies specifically fascinated in selling you silver. If you are doubtful, locate a good seller or financial adviser to help you through.

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Discover The Many Choices For Obtaining Silver

Thursday, August 23rd, 2012

Unless you have actually been in a coma for the past couple of years you must have heard all the hype on TV and in the newspapers about buying gold. Everyone is flipping out for gold due to the economy in the United States and the failures of economies around the world. While most people are concentrating on gold, now may be a great time to look at silver as an alternative. Silver is more affordable than gold even though it is one of the precious metals that historically has it’s value rise when regular currency is unstable.

If you are considering investing in silver you will find several choices of what to purchase. You can buy silver bullion bars or silver bullion coins. I will quickly summarize each option in this article.

Silver bullion bars are a very prominent way to buy silver. They are reasonably sized, can easily be all the exact same size and quickly traded for cash. Bars are usually 99.9 % pure, the standard for investors. You can easily buy silver bars in numerous weights ranging from little one ounce bars all the way up to one thousand ounce bars. The most common are undoubtedly the ten ounce silver bars, which strike a good balance between size and price.

To purchase silver coins there are numerous things that you need to understand and recognize. First there are junk silver coins. These are regular UNITED STATES coins minted prior to 1965 and have actually been in the general circulation. These usually consist of about 90 % pure silver. Due to dents and dings in the coins they will really lose some value over the years due to their weight being less. These coins are normally bagged up and weighed to reach a value. One thing to think about when buying bags of junk silver coins is that the bags are large and hefty, so storage space is something to think about.

Junk silver coins minted after 1964 contain only 40% silver so a bag of these coins will be valued less than coins from before that year.

Junk silver coin bags are sold in amounts equal to the face value of the currency. So you can purchase bags as low as $50 all the way up to $1,000. This amount is the face value of all the coins contained in the bag.

Yet another silver coin that you might purchase is the Morgan Silver Dollar. These coins were minted from 1878 to 1904 when the USA silver reserve was depleted. Manufacturing of the Morgan Dollar started up once more in 1921 however just for a short time as the Peace Dollar replaced it later on that year. On the face of the coin is the head of Lady Liberty. On the back of the coin is a bald eagle. The coin consists of.77344 ounces of pure silver.

The silver Peace Dollar was created to commemorate the signing of the peace treaty between the United States and Germany at the end of World War I. It also features Lady Liberty on the front and an eagle on the back. When these coins were first minted in 1921 they were made in high relief style which means the features on the coin stick out more than usual. In 1922 they changed to normal relief style and were produced until the Great Depression hit in 1929. They were also produced from 1934 to 1935.

Several other coins made from silver bullion are popular with collectors and investors alike. There is an American Eagle coin that began in 1986. It is made from 99.9% silver. And silver coins aren’t just made in America either! The Canadian Maple Leaf coin started being produced in 1988. It weighs 1 ounce and contains 99.99% pure silver. There is also the Austrian Philharmonic silver coin that was introduced in 2008. it also weighs one ounce and is made from 99.9 % silver.

Whenever you buy silver coins you have to bear in mind that there are many types of value on these coins. First there is the face value of the actual money. 2nd there is the pure metal value (if you were to melt down the coins to get at the silver content), depending on the weight and purity of the silver. Thirdly there is the collector value. Some coins are worth more as a collector piece. The most vital aspects for a collector might be condition and rarity.

As you can easily see, there are many options for buying silver. You actually have to understand your stuff prior to making your investment, but if you study the couple of things discussed here in this write-up then you will certainly be well on your way to becoming a well informed silver capitalist.

Before you choose where to put your hard earned money, check out SilverAssetsToday to learn ways to invest in silver.

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