Coin Collecting Basics Explained

Published Nov 17, 21
3 min read


Anatomy of a Coin The coin shown listed below is a 1952 Franklin Half Dollar. Knowing the coin anatomy terms are the essentials when talking with other collectors or dealers.

Legend This refers to the main lettering of the coin or inscription. It will typically specify the country where the coin originated from. Mint Mark The letter or sign on the coin that suggests where the coin was minted or struck. In the United States, single letters are used to find the city.

The following may be discovered on United States coins: Motto The Slogan for a lot of United States coins consist of 'E Pluribus Unum' and 'In God We Trust'. Older US coins differ.

Relief This refers to any part of a coin that is raised and not the field. Reverse This is the term provided to the back side of the coin or the 'tails' side. Rim The external edge that is slightly raised making coins easier to stack and functions as defense for the face of the coin.

While not an exhaustive list, the items 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 essential for identifying the value of a coin, finding defects, faults, looking for mistake coins, along with identifying fakes.

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When managing coins you will require to take care how you hold and move them around. I extremely suggest you buy a pair of soft cotton gloves to use when holding a coin.

A good set of coin tongs maybe beneficial if you do not wish to fret about touching the coin. A nice cushioned tray is nice to have when you're arranging through coins and to lay out your collection to reveal or what not. Naturally, a basic towel will also suffice Having a great reference book on coin gathering is a must.

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Apart from that book, most of the information you will require can easily be found online. Other coin collecting books that can be helpful are the ones particular to your collection such as a book on Morgan Dollars or US State Quarters and so on Most likely the most plentiful product you will need for your collection is a safe place to keep your coins from being harmed.

How to Value and Grade a Coin Coins are graded on a numeric 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. Images courtesy of ha. Listed below that is a table that shows the grading scale, abbreviations, and description of each state.

Half science half art, the skill of grading coins can be learned with time and usage. The only method to get much better at this is to practice, practice, practice. Take your loupe and magnifier and go and go to coin programs and shops to see examples of how various coins are graded.

Particularly before you make a big purchase you will wish to see several grades of that same coin to ensure you are getting what you spent for. This is why it helps to specialize in a subset of coins, so if you're just trying to gather 1800 silver dollars, it will make it much simpler to grade seeing the same types of coins over and over.

This was to much better evaluate the rarity of a coin quickly and properly. 5 Components of Coin Grading This refers to the procedure of marking a blank coin for the style.

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