Friday, August 22, 2008

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Our Featured Money Collecting Article

What Can The Gold Coin Dealers Do For You?

By Paul Abbey

Among all the links that form the chain of coin collection, gold coin dealers are the most important link. They buy coins from different sources and sell them to collectors or investors. A collector who wants to dispose off his collection to safe hands can also approach a gold coins dealer. These are the professionals in the sector of coin collection. They do it to make a living and the level of expertise gained by gold coin dealers can only be termed magnanimous.

The gold coin dealers procure the coins from a number of sources. They can purchase gold coins from mints, coin and estate auctions and in some cases even by importing the coins from other countries. However the most cherished source that they have are other coin collectors. The coin collectors come in contact with a number of coin collectors during their business dealing. Most of the time, collectors have more than one coin of the same time and they sell off the coins.

Services offered by a gold coin dealer

First and foremost, the gold coin dealer sells gold coins to a customer. The customer may be a collector of gold coins, a person investing in collectibles or a person simply investing in bullion. The gold coin dealers procure coins from a number of sources and then sell them to people who want to buy gold coins. Most of the gold coin dealers do their business within the country but there are a number of veteran dealers who can export gold coins overseas with proper licenses and paperwork.

The gold coin dealers only buy the coins for resale if they are satisfied about the validity and genuineness of the coin. It is a necessity for them to be sure about the value of gold coin if they do not want to suffer a loss. In a number of cases, the gold coin dealers can provide their expertise for hire. A gold coin collector can get his collection valued by a gold coin dealer when he wants to know the net worth of his collection

Apart from this a number of gold coin dealers also act as gold coin brokers for people who are interested in selling off their gold coin collection but want the collection to be sold to a gold coin collector only. This is mostly done when the collector develops an extreme emotional attachment to his collection. The idea is that the buyer can take appropriate care of the collection.

Apart from this a number of gold coin dealers are also known to help people get loans from various sources with the god coin collection being held as mortgage.

Gold coin dealers can come handy for anyone regardless he is a gold coin collector or a person just interested in gold as a hedge.

About The Author

P Abbey owns and operates http://www.goldcoinfacts.com
Gold Coin

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United States: American Eagle gold coin. These coins resist the scratching and damage which can diminish resale value, because it is minted in 91.67 fine gold, which produces harder coins.
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CHAMPION HONG KONG AUCTION SETS STRING OF RECORD PRICES

Tue, 08 Jul 2008 12:46:37 +0000
The hot coin market in China is producing record prices for rare Chinese coins and paper money. Champion Galleries Hong Kong Auction sale of 22 June 2008 offered a modest 352 lots of Asian coins and paper money, of which 317 lots sold for a total of US $1,894,539. Over 100 bidders filled the packed ...]

3. What type of federal note was declared illegal to own in 1933?

POST ANA-LATE AUGUST Market Report by Legend Numismatics

Fri, 22 Aug 2008 14:17:10 +0000
By Laura Sperber of Legend Numismatics

As we stated in our last Market Report, we were having trouble gauging where the market is. From our vantage point we see some very interesting happenings. It is still hard for us to see the exact direction the market is going. BUT we do NOT see it crashing or ...]


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Collectors Article Of The Day

The True Value of a Gold Coin

By Cindy Teruya

The use of coins dates back to ancient times, and they have been with humanity ever since. Coins stayed in usage even after the world adopted paper money. Coins offer a sense of permanence and history that bills lack. This is especially true of gold coins. Coins of any material that are kept safe for a long time tend to increase in worth.

Many coins no longer in circulation are of great interest to coin collectors. Also called numismatists, these collectors love old and rare coins. Gold coins are especially popular. This is because the gold coin has a high collection value, and an even higher market value. They can be worth hundreds of dollars. Certain rare coins can be worth thousands, or even millions, of dollars. American monetary history is full of rare coins in high demand by collectors. Some of the more famous coins include the gold and silver buffalo coins, or the renowned St Gaudens Double Eagle. Coin collecting is a popular hobby, so there are many sources (in the form of books and websites) supplying information about the value of specific coins.

There are many ways to get these rare coins. Sometimes, people find them lying around the house. It's easy for someone to drop a coin and completely forget about it. Of course, the collector cannot rely on finding a rare gold coin in his or her house. Auctions are another method of obtaining rare coins, though these can get quite expensive. Perhaps the most convenient way is through a website.

About The Author

Sites like GainesvilleCoins.com carry many different types of coins. This particular website is one of the most reputable, and is sure to be a great resource for any coin collector.
Gainesville Coins is a site that sells rare and valuable coins. Coins in the site collection include silver buffalo coins, and state quarters. The serious coin collector should make a point of visiting http://www.gainesvillecoins.com.

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The Vienna Philharmonic gold coin is one the Austrian Mint first began producing in 1989 and it quickly became very popular. This coin was the best selling gold bullion coin in the world in 1992, 1995, and 1996 according to World Gold Council. Minted in 1-oz., �-oz., �-oz., and 1/10-oz. sizes, all Vienna Philharmonics are made from 99.99% pure gold. No alloyed metals are added. All coins are minted at the Austrian Mint AG, now a subsidiary of the Austrian National Bank. The Mint was established in 1194 and has remained in its current building since 1837.
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us paper money News From Around The World

Landmark Stack’s Sale Nets Over $20 Million!

Sat, 16 Aug 2008 14:46:35 +0000
On July 27-28, 2008, Stack’s conducted the sale of the Samuel J. Berngard and the Treasure Coins of the S.S. New York in a crowded auction room in the Pier 5 Hotel in Baltimore, Maryland. Everyone present, bidders and consignors alike, agreed that the sale was an unqualified success, with more than $20 million worth ...]

The Greatest World Coin Auction of All Time (Part 5): Gold Coins as World Currencies

Thu, 17 Jul 2008 02:50:24 +0000
By Greg Reynolds for CoinLink
This is Part 5 of my review and analysis of the auction of the Millennia collection of world coins.

The sizeable core of the post-1300 AD coins in the Millennia collection is comprised of coins of the types that were used for international trade and for trade within societies that were ...]

2. Who designed the reverse of the English coins that show St. George and the dragon?

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Gold & Silver Coin Bullion Info

Investors may buy gold for a variety of reasons: among them include a desire to diversify their assets; to hide wealth from tax authorities; for reasons of political belief (e.g. libertarian); or out of fear of an economic depression or other serious crisis (e.g. gold bug).
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Does it pass the silver coin ring test? Silver coins have a distinctive ring when held on the tip of a finger and tapped with another coin. Be careful doing this test, though; you don't want to ding or damage the coin, or drop it onto a hard surface, so use some judgement. The ring test can be helpful when all other easy methods of checking are inconclusive. Remember, if something ever feels "wrong" about a silver coin, don't buy it! Trust your instincts! And if you've already bought it, send it back!
Buy American Eagle gold coins.

Most U.S. National Bank Notes are relatively inexpensive, although the range in value is quite large. The definition of "common" may also not be typical with National Bank Notes, as a note from a bank with only a couple of dozen notes known may be considered "common." This is because, while there only may be a limited number of notes known from a specific bank, more than 14,000 National Banks were chartered to issue these notes, and no single collector can reasonably hope to own them all. As such, most collectors specialize in a single state, city, or even bank. As a result, there may only be a small number of collectors interested in notes from a particular bank, so supply and demand is the overriding factor in value. A note from a bank with as few as five or six notes known may only be worth a small amount of money if only two or three interested collectors are in the market for such a note. The standard reference book to National Bank Notes, by Don C. Kelly, is a must for research on this series of notes.
Buy silver dollars for a great investment.

Gold bullion coins usually come in 1 oz, 1/2 oz, 1/4 oz, 1/10 and 1/20 oz. sizes. Most countries have one design that remains constant each year; others have variations each year, and in most cases each coin is dated. A 1/10th oz bullion coin is about the same size as a U.S. dime. A 1 oz. gold bullion coin is about the size of a U.S. half dollar.
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Try to invest regularly. Like the stock market, it's difficult to call the tops and bottoms in the coin market. Over the course of time, you will fare better by dollar cost averaging than investing a large amount at one time.
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Celtic coins break sales record

Thu, 12 Jun 2008 11:48:55 +0000
Ancient coins discovered by a man with a metal detector have been auctioned for more than £35,000.
The 41 Celtic gold coins, dating back to the first half of the 1st century, were found by a mystery collector in a Kent field.
Morton and Eden auction house in London said one of the treasures broke records for ...]

Inflation Jumps 5.6%, Inflation Calculator Reflects Rise of Rates

Thu, 14 Aug 2008 16:29:01 +0000
US inflation has hit its highest point in 17 years with a rise of 5.6% over the past year according to the Bureau of Labor Statistics. The 1913-2008 Inflation Calculator and rate charts show inflation’s jump using the government’s latest Consumer Price Index (CPI) figures.
By entering any two dates from 1913-2008 and then a dollar ...]

CHAMPION HONG KONG AUCTION SETS STRING OF RECORD PRICES

Tue, 08 Jul 2008 12:46:37 +0000
The hot coin market in China is producing record prices for rare Chinese coins and paper money. Champion Galleries Hong Kong Auction sale of 22 June 2008 offered a modest 352 lots of Asian coins and paper money, of which 317 lots sold for a total of US $1,894,539. Over 100 bidders filled the packed ...]


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