Coin Collecting Basics 101

Published Nov 23, 21
3 min read


Legend This refers to the main lettering of the coin or inscription. Mint Mark The letter or symbol on the coin that shows where the coin was minted or struck.

The following might be found on United States coins: Slogan The Slogan for most US coins include 'E Pluribus Unum' and 'In God We Trust'. Older United States coins differ.

Relief This describes any part of a coin that is raised and not the field. Reverse This is the term provided to the rear end of the coin or the 'tails' side. Rim The outer edge that is slightly raised making coins easier to stack and acts as protection for the face of the coin.

While not an exhaustive list, the items below will serve you well in becoming a more efficient and comprehensive coin collector: Every numismatists ought to have a stellar magnifier. These are vital for identifying the worth of a coin, identifying flaws, faults, looking for error coins, as well as spotting counterfeits.

When dealing with coins you will require to take care how you hold and move them around. I highly suggest you purchase a pair of soft cotton gloves to utilize when holding a coin.

A great set of coin tongs possibly helpful if you don't desire to stress over touching the coin. Also, a nice padded tray is nice to have when you're sorting through coins and to set out your collection to show or what not. Naturally, a simple towel will likewise work Having an excellent recommendation book on coin gathering is a must.

Apart from that book, the majority of the information you will require can easily be found online. Even the Red Book is outdated once it goes to push, and websites such as PCGS will have all the pricing needs you are looking. Other coin gathering books that can be beneficial are the ones particular to your collection such as a book on Morgan Dollars or US State Quarters etc Most likely the most plentiful item you will need for your collection is a safe place to keep your coins from being harmed.

How to Value and Grade a Coin Coins are graded on a numerical scale from 1 70 called the Sheldon Scale of coin grading. Below are some sample coins on a variety of grades for the Washington quarter.

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Half science half art, the skill of grading coins can be discovered with time and use. The only way to get better at this is to practice, practice, practice. Take your loupe and magnifier and go and visit coin programs and stores to see examples of how various coins are graded.

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Particularly before you make a big purchase you will want to see numerous various grades of that very same coin to ensure you are getting what you spent for. This is why it helps to focus on a subset of coins, so if you're only trying to gather 1800 silver dollars, it will make it much simpler to grade seeing the same types of coins over and over.

This was to much better examine the rarity of a coin quickly and accurately. 5 Components of Coin Grading This refers to the process of marking a blank coin for the style.

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