Preparing For Inflation With Pre-1965 Silver Coins

May 24, 2020 Off By Crystal Watkins

Understand the value of what you are buying. Different kinds of coins have different value. If you are trying to buy silver coins at circulated coins value, then you will sure be disappointed. If you have been a collector for a while, then it’s easy for you to work out a fair value of a coin or a set of coins. If you are new, you may need to spend some time on the topic you are interested in and know how much they worth.

The frontage of the coin is a version of the Irish-born American sculptor Augustus Saint-Gaudens’ to the Lady Liberty. The Lady Liberty is a monumental image as she symbolizes freedom and escape from tyranny. Augustus Saint-Gaudens’ rendition of the Lady Liberty features her with flowing hair, holding an olive branch in her left hand and a torch in her right. The background of the image is the Capitol building. It is located at the left side of the image. The back of the coin features a male eagle carrying an olive branch. The great sculptor Miley Busiek created the design. The male eagle is soaring above the nest, which holds a female eagle and her fledgling.

Rule of thumb, if you think you have a coin that is valuable and/or collectible and you are planning on selling it, DO NOT clean it. Cleaning can damage the coin and devalue it tremendously. Instead take it to a reputable coin dealer to have it examined. They are professionals and know what to do.

Mint condition coins are almost perfect. There should be no signs of wear on any surface of the coin. MS60 to MS70 are the grades for this category. MS 70 will be a perfect coin. About uncirculated (AU) challenge coin design will have some noticeable wear on the coin, but it will appear on the high areas of the coin. Make sure you look at your coins in a good light to be able to see the details of wear on the surfaces.

Today, there is a tremendous amount of information available online. Go read everything you can about rare coins to become a more confident buyer. I still love the feel of printed material and often buy books as my source of information.

Because both these coins are being traded on a daily basis, the prices of the coins depend on the value of dollars and on certain events that happened throughout the world. You can get updates regarding the quotes of metal on a daily basis at many reputable sites online.

Coins over a five-cent value have corrugation on the edge. This is also called reeding. Genuine coins will have reeding that is evenly spaced and the edges of the coin will be thin. On counterfeit coins the reeding may not be even and may actually be missing in some spots. The edges of the fake coins may also be thicker.

You will be able to find books and guides on just about every subject that deals with coins. You can find books about coins from just one country if that is what you are looking for. There are also books that deal with coins from each century. Do some research and see if you want to get coins for the fun of it, or coins that will help you in your investment portfolio. There are many options for collecting coins. Get your knowledge going and start collecting world coins. You will discover that coin collecting is a great hobby. You can share your love of collecting world coins with your spouse, your children, your friends, or just with other people who love talking about and comparing their coins with those in your collection.