Coin collecting is a pastime that blends the excitement of a treasure hunt with the chance of really hitting it big in coins. If you like the idea of going on a treasure hunt, you are going to love coin collecting. A number of truly astounding coins of great worth are circulating. The next time you pay for something and receive change, one of those coins could be worth a lot more than the face value. If you know what to look for, you are likely to find a valuable coin.
Most of us have coins in a jar in our house. Many people just dump their coins into a machine rather than go through the hassle of hand rolling them. The machine consumes 10 % of the coin’s value which is serious matter in these difficult economic times. Also, you miss the fun of checking to see if any of the coins are valuable. Instead, try pouring coins on a tray and checking through them when you have a little time.
The Indian Head penny is a particular coin to keep an eye out for. These coins, made from 1859 to 1909, were actually meant to depict Lady Liberty’s head. She resembles an Indian chief, however, because of her hat, so people started to call the pennies Indian heads. If you can read the date on an Indian Head penny, that coin is worth a hundred times more than its face value. Indian Heads may be have greater values depending on the year and condition of the penny. A 1894 Indian head penny, for example, may be valued as much as $20 depending on its condition.
The Mercury dime, which started being made in 1916, is another coin of interest to watch for. While some people think the figure is the Roman god Mercury, it is actually Lady Liberty making an appearance again (with the feather headdress this time). Unless it’s in bad condition, a Mercury dime is worth one dollar. A number of these ten cent coins have a value thousands of times more than that.
Some of the most popular coins to collect are the Morgan silver Dollars from 1878 to 1921. Folks appreciate the fact that this silver dollar is made of 90% silver that originates from the renowned Nevada Comstock vein. Of course,you’re not likely to find Morgan silver dollars in your coin jar. You should ask for advice before you attempt to collect this type of coin.
“A Beginner’s Guide to Coin Collecting,” will give you needed information for identifying, buying and selling valuable coins, and is available at
http://www.beginningcoincollectingbooks.com
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