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Most fake silver coins are made from silvery metal alloys that weigh less than genuine silver. Weigh the coin in question; if the weight is wrong for the type, don't buy it! Even overweight coins are problematic, because they might be silver-plated lead.
Buy gold coins.
The ever-growing availability of cheap and varied material from around the world has already brought the hobby of paper money collecting well within reach of even those on the tightest budget. This is one collecting field where prices are actually falling in many areas, mainly where new issues are concerned. For this, we can thank the effects of inflation. In comparison to western countries, many countries have steep inflation rates, making their currency sink in value in relation to our own. Thus, their currency notes become ever cheaper for us to obtain. Some typical cases from recent years include Brazil, Peru, Argentina, Russia, Zaire, Iraq, Yugoslavia and Turkey. In fact, we can even obtain notes with denominations of 50,000,000,000 or more for a dollar or two! Another exciting source of very cheap notes has recently emerged: the new ex-Soviet republics. Here is an opportunity to obtain the very first issues of several new republics for mere pennies. One can only imagine the value these first issues will have to collectors in future years.
Buy silver dollars for a great investment.
Although central banks do not generally announce gold purchases in advance, some, such as Russia, have expressed interest in growing their gold reserves again as of late 2005. In early 2006, China, which only holds 1.3% of its reserves in gold, announced that it was looking for ways to improve the returns on its official reserves. Many bulls hope that this signals that China might reposition more of its holdings into gold in line with other Central Banks.
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Generally speaking, 19th century gold coins with very low original mintage figures tend to have prooflike surfaces more often than not. As an example, the 1890 quarter eagle pictured above is an issue with a mintage of only 8,720 and it is often found with reflective surfaces. Some of the other types of coins that are sometimes seen with prooflike surfaces include Philadelphia Type Three gold dollars, Philadelphia quarter eagles from the 1870's and 1880's, Three Dollar gold pieces and Liberty Head double eagles from the 1890's.
Buy US paper money.
The Latest commemorative un gold coins News
Fractional Buffalo Gold is Here!
One of the most highly-anticipated U.S. Mint offerings of the year, the fractional 24k gold American Buffalo coins, will go on sale at the U.S Mint Web site beginning at...
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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Previously Unaccounted 1943-S Bronze Cent Acquired by Rare Coin Wholesalers
Mon, 28 Jul 2008 12:07:59 +0000
(Dana Point, California) — A previously unrecorded 1943-S Lincoln cent, erroneously struck on a bronze planchet and found in circulation by a teenaged collector over a half century ago, has been acquired by Rare Coin Wholesalers of Dana Point, California. The discovery coin now is certified as AU-53 by Numismatic Guaranty Corporation.
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posted by Money Collecting @ 8:09 PM
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