Tuesday, March 29, 2016

Coin Collecting and history - John Tyler

These coins look like gold, they are a tribute to numismatic history, and they spend like money... because they are.

To celebrate President John Tyler's birthday on this day in 1790, let's have a look at his dollar coin.

About John Tyler

John Tyler was a lawyer by vocation.  During his political career, he served as a state delegate and governor of Virginia, U.S. Representative, U.S. Senator and Vice President  (for only a month) under William Henry Harrison.

Saturday, March 26, 2016

Coin Collecting and History: South Carolina

OTD: In 1776, South Carolina pre-empted the Continental Congress by approving its own constitution almost four months before the Declaration of Independence.

240 years ago today South Carolina approved their own constitution. Fun fact, it actually took a month before the people of South Carolina heard about the July 4th Declaration. Word traveled slow with no phone, radio, or internet. These days, it would take about five seconds and the following would be trending:

Thursday, March 24, 2016

Elvis Presley, the U.S. Army, and collecting commemorative coins

58 years ago today, Elvis Presley joined the U.S. Army.

If you're saying to yourself, "But I thought this was a blog about coins," sit tight, I'll swing things back in that direction.

Imagine if the same sort of scenario played out today. Can you imagine a 20-something pop star not trying to worm their way out of service? Me either. That's why Elvis was and is The King.

Now, on to some coin talk.

Sunday, March 20, 2016

Coin Collectors Beware!

Coin scams abound through online sales -
and even "reputable" coin, silver, and gold dealers aren't above over-pricing.

I would buy coins on E-bay, but I don't. The online auction site is easily the largest coin marketplace on the planet; it spans the entire globe. There are thousands of perfectly honest coin dealers on E-bay. They are fast to ship, quick to respond, and easy to work with should a problem arise.

However, E-bay is an ocean that refuses no river, and anyone can set up shop as a coin dealer.

Friday, March 18, 2016

US Mint Forces Coin Collector to Return Family Heirloom

One of a Kind Aluminum Cent given back to US Mint

Aluminum Penny

It is a hot topic among coin collectors right now. The US Mint sued the owner of the 1974-D aluminum cent, Randy Lawrence, to return the coin because:

Sunday, March 13, 2016

Precious metal investing advice from a coin collector

One of my favorite things about being a coin collector, and a research nerd with an over-active imagination, is making guesses about precious metal prices and waiting to see if I was right. Sometimes it takes years. For instance, I told a co-worker of mine to buy gold when the stock market began to tank in 2008. Of course, she did not, and neither did I. However, gold nearly doubled in price by 2011. (See the graph below.)
In reality, my right/wrong record is worse than any meteorologist's. So, bare that in mind as you read further. What follows is my latest piece of guesswork.

Thursday, March 10, 2016

7 Steps to building a coin collection with your child for under $30

I've said it before and I will absolutely say it again: It doesn't have to cost you an arm and a leg to collect coins. Below ,you will find a step-by-step recipe (and a child friendly one at that) for beginning an interesting and beautiful collection for well under $30.

The Recipe
Step 1 -
Purchase a 50 State Quarters folder and make sure it's the kind that has one space for each state but disregards mint mark. The larger ones with a map of the USA printed on them are a good bet.

Friday, March 4, 2016

The coin collector's treasure hunt - roll searching

I have previously brought up buying rolls of coins from the bank and going through them as a way to fill holes in your modern collection or find a few older coins, like these.

Seven older silver dimes (6 Roosevelt and 1 Canadian), two Mercury dimes, and two Roosevelt proof dimes; all found in a roll hunt.

However, there is another reason to search through rolls and, for some, it is more interesting than completing a collection; Oddities.

Tuesday, March 1, 2016

Buying silver coins strategically for your collection or as an investment

Silver coins are extremely popular, especially among collectors who are just starting out.

I need to preface this post with a little disclaimer. I am not, nor have I ever been, an economist. What follows are some of my views of the precious metal market.

Have you been buying bulk silver?

The spot price of silver is right around $15 per ounce and has held within a dollar of that for the past few months. Do you remember when it was above $30 per ounce? It wasn't so long ago, about four years.