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South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes. Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.
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One of the reasons there is such a disparity between what the average consumer expects, and what the coin dealer actually delivers when it comes to buying coins from the public is that coin dealers see vast amounts of common "junk." By "junk" I mean common date wheat pennies, circulated Buffalo Nickels and Mercury Dimes, worn Washington Quarters and circulated Franklin and Kennedy Halves. Coin dealers are offered so much of this type of material that many of them get tired of seeing it. They give such material the cursory once-over and offer low-ball prices for it based on long experience. Usually people have already pulled out the more valuable coins, leaving the "junk," (or at least the the dealer must assume so.)
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A banknote collection is an expression of its owner�s personal tastes and interests. There are no set rules regarding collecting themes; you can be as individualistic as you like. Some collectors specialize in notes from one country only - often their own. Some collect from groups of countries; British Commonwealth, Europe, or Africa, for example. Others collect notes from one period in history - WW2 for example. Others collect notes with some rare peculiarity, like those with printer�s errors. Some collect forgeries. The scope is limited only by your imagination. Many collectors start out just buying anything that happens to appeal. Some prefer to be more specialised. A specialised collection does have a unique appeal and can often be sold for more than the combined values of its individual components. However, the pitfall of becoming too specialised is that suitable material will be increasingly hard to find. But why not compile a specialised collection while simultaneously building a more general, free-style one?
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Let's look at the doomsday scenario of investing. Many investors, myself included, hold gold because it is a great store of value. If our economy ever goes under (I sure hope it doesn't), gold and silver coins will be used to pay for goods and services. I sure want to hold different denominations and types of coins because not all goods and services cost the same amount. The smaller 1/10 ounce gold coins are the best for this scenario because they can be used to pay for smaller purchases. Silver coins are also really important under this scenario.
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Cherrypicking is the art of searching through coins, looking for the specimens that have been overlooked for some reason. When searching through rolls of coins that you from your local bank, you might be cherrypicking for die varieties or older dates (such as looking for Wheat Pennies among the circulating Lincoln Memorial Cents out there today.)
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The Latest silver certificates dollars and value News

2008 U.S. Proof Sets Go On Sale

The 14-coin 2008 Proof Set has gone on sale at the U.S. Mint. The cost of the set this year is $26.95, which is the same price as the...

Gold Still Glitters While Sentiment Grows to a Bullish ExtremeSovereign Society, FL - 17 hours agoThis is a classic sign that the gold trade is getting overcrowded with bulls. Whenever sentiment in any market or sector gets this one-sid

Wed, 30 Jan 2008 12:49:27 +0100
Business Intelligence Middle East (press release), United Arab Emirates -Dubai's gold trade has also benefited considerably from the tight supply and strong demand fundamentals of the metal." Dubai is a long-established market ...

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Steel cents and nickels in our future?

The numbers just don't add up, as coinflation so adeptly illustrates. The mint pays more to make cents and nickels than their face value. Efforts have begun to remedy the situation. The first pass at a bill is to create steel cents with a copper coating and to use steel in the nickel as well.

Gold Coins of Roman British Usurper Found

Sat, 07 Jun 2008 03:31:00 +0000
The number of known gold coins of would-be Roman Emperor Carausius recently increased from 23 to 25 specimens.

The two newly uncovered examples...



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Latest Numismatists Article

What Can The Gold Coin Dealers Do For You?

By Paul Abbey

Among all the links that form the chain of coin collection, gold coin dealers are the most important link. They buy coins from different sources and sell them to collectors or investors. A collector who wants to dispose off his collection to safe hands can also approach a gold coins dealer. These are the professionals in the sector of coin collection. They do it to make a living and the level of expertise gained by gold coin dealers can only be termed magnanimous.

The gold coin dealers procure the coins from a number of sources. They can purchase gold coins from mints, coin and estate auctions and in some cases even by importing the coins from other countries. However the most cherished source that they have are other coin collectors. The coin collectors come in contact with a number of coin collectors during their business dealing. Most of the time, collectors have more than one coin of the same time and they sell off the coins.

Services offered by a gold coin dealer

First and foremost, the gold coin dealer sells gold coins to a customer. The customer may be a collector of gold coins, a person investing in collectibles or a person simply investing in bullion. The gold coin dealers procure coins from a number of sources and then sell them to people who want to buy gold coins. Most of the gold coin dealers do their business within the country but there are a number of veteran dealers who can export gold coins overseas with proper licenses and paperwork.

The gold coin dealers only buy the coins for resale if they are satisfied about the validity and genuineness of the coin. It is a necessity for them to be sure about the value of gold coin if they do not want to suffer a loss. In a number of cases, the gold coin dealers can provide their expertise for hire. A gold coin collector can get his collection valued by a gold coin dealer when he wants to know the net worth of his collection

Apart from this a number of gold coin dealers also act as gold coin brokers for people who are interested in selling off their gold coin collection but want the collection to be sold to a gold coin collector only. This is mostly done when the collector develops an extreme emotional attachment to his collection. The idea is that the buyer can take appropriate care of the collection.

Apart from this a number of gold coin dealers are also known to help people get loans from various sources with the god coin collection being held as mortgage.

Gold coin dealers can come handy for anyone regardless he is a gold coin collector or a person just interested in gold as a hedge.

About The Author

P Abbey owns and operates http://www.goldcoinfacts.com
Gold Coin

More Money & Coin Collecting News

According to the World Gold Council, annual mine production of gold over the last few years has been close to 2,500 tonnes. About 3,000 tonnes goes into jewelry or industrial/dental production, and around 500 tonnes goes to retail investors and exchange traded gold funds. This translates to an annual demand for gold to be 1000 tonnes in excess over mine production which has come from central bank sales and other disposal.
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After adoption of the Constitution in 1789, U.S. Congress chartered the First Bank of the United States untill 1811 and authorized it to issue paper bank notes to eliminate confusion and simplify trade. The bank served as the U.S. Treasury's fiscal agent, thus performing the first central bank functions.
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Once the national bank system was established, privately issued bank money was declared to be illegal. Ever since US government money was issued it has retained monetary value. However, it is not the same case with the obsolete old bills from closed banks and this is the prime reason why these banknotes are worth finding. Actually private banknotes from the 1800s have remained an interesting item for collectors throughout the centuries.
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Krause Issues 3 New DVDs

Fri, 27 Jun 2008 01:47:11 +0000
Three new DVDs filled with thousands of listings and prices for coins and paper money have been released by Krause Publications.
They are the official DVDs of 2009 U.S. Coin Digest, 7th Edition, $9.95; 2009 Standard Catalog of World Coins, 1901-2000, 36th Edition, $44.95; and Standard Catalog of World Paper Money, Modern Issues, 1961-Present, 14th Edition, ...]

Dinar Coins Of The Ancient World

Thu, 10 Jul 2008 13:20:24 +0000
By David Slone
Great figures from coinage systems of the world in ancient times.
Abd al-Malik ibn Marwan (646AD - 705AD) was the fifth caliph of the Umayyads, which was the ruling dynasty that built a huge medieval Islamic empire stretching west across North Africa into Spain and as far east as Pakistan. Whilst the Anglo-Saxon ...]


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