Coin Collecting Basics 101

Published Nov 28, 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 suggests where the coin was minted or struck.

The following might be found on US coins: Slogan The Slogan for many United States coins include 'E Pluribus Unum' and 'In God We Trust'. Older United States coins differ. Obverse This is the term provided to the front of the coin or the 'head' side. Portrait Probably the defining item of the coin is the picture on the Obverse side.

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

While not an extensive list, the products below will serve you well in ending up being a more effective and comprehensive coin collector: Every numismatists must have a stellar magnifier. These are necessary for determining the value of a coin, identifying defects, faults, looking for mistake coins, in addition to spotting fakes.

A lot of collectors prefer in between 10x 20x zoom. When managing coins you will need to take care how you hold and move them around. I highly recommend you buy a set of soft cotton gloves to utilize when holding a coin. Constantly hold the coin around the edges and not on the face, specifically if you are not using gloves.

A nice pair of coin tongs possibly beneficial if you don't desire to stress over touching the coin. Likewise, a good padded tray is nice to have when you're arranging through coins and to lay out your collection to show or what not. Naturally, a simple towel will likewise suffice Having a great reference book on coin collecting is a must.

Apart from that book, the majority of the information you will need can quickly be discovered online. Even the Red Book is obsoleted once it goes to press, and websites such as PCGS will have all the rates requires you are looking. Other coin collecting books that can be useful are the ones specific to your collection such as a book on Morgan Dollars or US State Quarters and so on Most likely the most plentiful item you will need for your collection is a safe place to keep your coins from being damaged.

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 ability of grading coins can be found out with time and usage. The only method to get better at this is to practice, practice, practice. Take your loupe and magnifier and go and check out coin programs and stores to see examples of how different coins are graded.

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Specifically before you make a big purchase you will wish to see various grades of that exact same coin to ensure you are getting what you spent for. This is why it helps to concentrate on a subset of coins, so if you're only attempting to collect 1800 silver dollars, it will make it a lot easier to grade seeing the same types of coins over and over.

David Bowers, a famous numismatist. This was to much better examine the rarity of a coin quickly and properly. 5 Components of Coin Grading This describes the process of stamping a blank coin for the design. Strikes are usually positioned in a number of classifications such as weak, typical, above average, and full strike.

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