Ancient Coins as Collections

Collecting coins is so much fun! It is both a hobby and a source of income for many. One type of coin that you may want to consider collecting is ancient coins. Many collectors hesitate to buy ancient coins to collect because they can be terribly expensive. What is most important is the uniqueness of these coins and the benefits they provide their collectors.

Here are some tips that should be considered when buying ancient coins:

1.    Conduct a research of ancient coins. It is important that a collector is aware of what coins are considered ancient. It does not require a collector to go to a library since many websites on the Internet can provide all the information needed to become well-informed about ancient coins.

2.    There is a wide variety of ancient coins available for collectors. A collector can choose from different eras and civilizations. He can choose from a Chinese civilization, ancient Rome, Greek, Persian, etc. It is preferable for a collector to focus on a specific group or era when collecting coins. 

3.    Once a selection has been made, a collector may then focus on the buying of these coins. To start select coins that are least expensive –set a price range such as $20. Once the collection grows, he may then want to start buying the more expensive coins.

4.    A collector may also try searching for ancient coins at auction houses or online auctions where ancient coins are available.  Always be aware of possible fraud no matter which venue you are using and take extra care in buying coins at online auctions.

5.    It is also suggested that the collector make a list of the ancient coins that he would like to buy. He can list them according to his order of preference which will make his search for ancient coins an easier task.  Included on his list should be the amount he is willing to spend on a certain type of coin. The list will be helpful whether online or at an auction house, enabling him to manage his budget easily.

6.    It is important to have a separate holder for his ancient coin collection or his other collections. Separate holders will help the collector organize and preserve his coins. Ancient coins are generally more expensive than other collectible coins so it is necessary for a collector to know the proper care for them.

Ancient coins should not intimidate coin collectors. They are an exciting way to enjoy the hobby of collecting coins.  Not only do they provide fun but they serve as a source of knowledge for many coin collectors.



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$10 Million Worth Of Pennies

Can you imagine carrying $10 million in pennies? Well
maybe if you had the coin collection that was recently
sold in Long Beach, California, it wouldn’t be so
difficult.

288 pennies brought that $10.7 million in an auction.
The collection consisted of 301 rare, early American
pennies. Often referred to as "large cents", these
antique copper coins are about the size of today’s
quarters. They were minted during the time of George
Washington and Thomas Jefferson, roughly 1793 to 1814.

At the end of the auction, there were 13 pennies left.
These remaining coins were expected to be sold within
a week of the auction.

The auctioneers were as surprised as the collection
owner at the prices the coins were bringing. Two 18th
century pennies broke the record for the highest price
received for a rare penny. A sweet price at $632,500.
Hopefully the new owner feels like he got his 2 cents
worth.

Other coin collectors had been waiting decades for
these coins to come back on the market. The pennies
are well known, and the owner had been holding onto
them for years.

The auction officials said a sale like this one
happens once in a lifetime. The turn out was
exceptional. About 200 collectors were there with
hundreds more placing their bids over the phone and on
the internet.

The collection owner guesses he had spent a little
over $5 million on the pennies, so that was a nice
return on his investment.

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Accessories for Coin Collection

When collecting coins, one thing to consider is how to arrange and take care of the coins. Coins that are collected may be antique, ancient, or limited editions coins. These coins come from many countries and are usually high in value. A collector must know how to keep and take care of them so that they will retain the same appearance and value.

One way to take care of coins is to purchase s selection of coin accessories. Not only are coin accessories used to make a coin collection presentable and organized; but the primary purpose of coin accessories is to take care and preserve the coins.

When buying coin accessories it is important to choose those accessories that will best satisfy the needs of the collector. Some factors that may be considered are durability, price and usefulness.

Many coin accessories can be found in collectible stores and even online. Here are some coin accessories that may be considered:

Coin Boxes

Coin boxes are the most common sought for coin accessories as they are very convenient to coin collectors and specialists. The compartments of the box provide for easy location of the coins. The compartments are also wide, which provides flexibility in placing the coins. The wide compartments also allow the collector to handle the coins the proper way.

Coin Albums

Coin albums are similar to any typical album with the difference being that the coin album is especially designed to hold coins. A coin album has a transparent layer that aids in the protection of the coins. The collector does not need to handle the coins one by one. All he has to do is turn the pages and the coins are all there protected from improper handling.

Coin Holders

Coin holders are best for those collectors who collect coins during their travels. They allow portability of the coin collection. In addition, the collector does not need to carry his entire collection. He can simply place a single coin in the coin holder. Coin holders provide safety for the coins and prevent a coin from the many elements that may depreciate its value.

Other coin accessories can be found in the market. Determine the primary purpose of the accessory and if it can satisfy your needs. Prices will differ depending on the durability of the accessory. Research the many coin accessories that are sold and compare prices before choosing one.


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