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El. knyga: Coin Collecting For Dummies

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  • Formatas: EPUB+DRM
  • Išleidimo metai: 03-May-2022
  • Leidėjas: For Dummies
  • Kalba: eng
  • ISBN-13: 9781119862697
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  • Formatas: EPUB+DRM
  • Išleidimo metai: 03-May-2022
  • Leidėjas: For Dummies
  • Kalba: eng
  • ISBN-13: 9781119862697
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Discover a new hobby—or refine your existing techniques—with this practical coin collecting handbook

In Coin Collecting For Dummies, professional rare coin dealer Neil Berman delivers a hands-on and fun guide to the intriguing hobby of numismatics—also known as coin collection! You'll learn how to buy, sell, grade, value, handle, and store your coins, as well as how to decide what kind of coins you should collect and how to assemble or diversify your collection.

In this book, you'll also find out how to:

  • Evaluate coins based on their age, condition, rarity, and more
  • Navigate and make use of auction houses that deal in the buying and selling of rare coins
  • Make the most of your new hobby by learning where to find rare coins and how to complete your collections

There's no one "right" way to collect coins. But Coin Collecting For Dummies will show you how to avoid the most common pitfalls and take advantage of some handy tips, tricks, and best practices that make collecting coins even more fun and exciting. Perfect for the novice collector, or seasoned veterans looking for the latest news in coin grading and history, this book is a must-read for anyone interested in the fascinating world of coin collection.

Introduction 1(4)
About This Book
1(1)
Foolish Assumptions
2(1)
Icons Used in This Book
2(1)
Beyond the Book
3(1)
Where to Go from Here
3(2)
PART 1 MAKING HEADS AND TAILS OUT OF COIN COLLECTING
5(54)
Chapter 1 Welcome to the World of Coin Collecting
1(14)
On Your Mark, Get Set, Go: Starting Your Coin Collection
9(1)
Eeny, Meeny, Miney, Moe: Deciding Which Coins to Collect
10(1)
I Pledge Allegiance: Turning Your Attention to U.S. Coins
10(1)
I'll Take That One, and That One, and That One: Buying Coins
11(1)
Parting Is Such Sweet Sorrow: Selling Your Coins
12(3)
Chapter 2 Understanding Numismatics
15(12)
Admitting Your Numismatism
16(1)
Discovering How Cool Coin Collecting Can Be
16(1)
Collecting versus Accumulating
17(1)
Collecting Various Types of Coins
18(1)
Gold and silver coins
19(1)
Commemorative coins
20(1)
BU Rolls
21(1)
Silver Certificates
22(1)
Getting Excited about Collecting Today
22(1)
50 State Quarters
23(1)
Sacagawea dollar
24(1)
New commemorative issues
24(1)
Error coins
25(2)
Chapter 3 Arming Yourself with Knowledge
27(14)
Gaining Knowledge Before You Buy
27(1)
Understanding the parts and purpose of a coin
28(1)
Putting the book before the coin
28(3)
Mix and mingle
31(1)
Affecting a Coin's Value
32(1)
Age: Good for wine, good for coins?
33(1)
Condition: Pumping them up
33(1)
Demand: Demanding high dollar
34(1)
Rarity: Hunting for treasures
35(1)
Supply: Giving them what they want
36(1)
Deciding What to Collect
37(1)
Staying focused
38(1)
Thinking long-term
38(3)
Chapter 4 Storing Your Collection Correctly
41(18)
Holdering Them the Right Way
42(5)
Keeping Away from the Cleaning Products
47(1)
Removing dirt
47(1)
Handle with kid gloves
48(1)
Wash your hands before touching
48(1)
Ask before removing a coin from a holder
49(1)
Watch out for the holder
49(1)
Handle a coin by the edges
49(1)
Keep your mouth shut
50(1)
Hold a coin over a soft surface
50(1)
Keeping Them High and Dry
51(1)
Keepin' 'em dry
52(1)
Using a desiccant
52(1)
Securing Your Stash: At Home and on the Road
52(1)
Deciding between a home safe and a safe-deposit box
53(1)
Carrying coins in your car
54(1)
Carrying coins on a plane
55(1)
How comforting is your inn?
56(1)
Dealing with a robbery
56(1)
Insuring Your Investment
57(2)
PART 2 ANCIENT TO PRESENT DAY: CHOOSING COINS FOR YOUR COLLECTION
59(28)
Chapter 5 Showing Their True Age: Ancient Coins
61(6)
Ancient Coins --- of Gods and Men
62(1)
Deciding Which Ancient Coins to Collect
62(1)
Ancient Greek coins
62(1)
Ancient Roman coins
63(1)
Biblical coins
64(1)
Byzantine coins
65(1)
Understanding How Age Affects Value
65(1)
Its All Greek to Me!
66(1)
Knowing where you can get 'em
66(1)
Chapter 6 Making a Safe Bet with U.S. Coins
67(4)
Discovering a Finely Tuned Market
67(1)
Understanding Why U.S. Coins Are So Popular
68(2)
Recognizing Desirable Coin Characteristics: Liquidity, Liquidity, Liquidity
70(1)
Chapter 7 Globetrotting with World Coins
71(6)
A Few Hints for Beginners
71(1)
Collecting by country
72(1)
Collecting by denomination
72(1)
Collecting crowns
72(1)
Collecting by date
73(1)
Collecting topically
73(1)
Recognizing the Hot and Cold Countries
73(2)
Understanding That Grading Standards Are Not All the Same
75(1)
Obsession with quality is okay --- to a point
75(1)
Extremely Fine is not Extremely Fine is not Extremely Fine
76(1)
Chapter 8 Exploring the Wild Side with Rare, Expensive, and Esoteric Coins
77(10)
Looking for the Best of the Best
78(1)
Collecting Finest Known coins
78(1)
Checking Condition Census
79(1)
Recognizing Odd and Curious Money
80(1)
Investigating Tokens, Medals, and Miscellaneous Coins
81(1)
Hard Times tokens
81(1)
Good For tokens
81(2)
Civil War tokens
83(1)
Washington medals
84(1)
Collecting by Die Variety --- the Spice of Life
84(3)
PART 3 FOCUSING ON U.S. COINS
87(114)
Chapter 9 Colonial Coins: America's Ancients
89(16)
Recognizing a Colonial Coin
90(1)
Locating Foreign Coins Used in the American Colonies
90(1)
French coins
90(1)
Irish coins
91(1)
British coins
91(1)
Spanish coins
92(1)
London elephant tokens
93(1)
Appreciating How Colonies and States Expressed Themselves
93(1)
Massachusetts
93(1)
New Jersey
94(1)
Connecticut
94(1)
Vermont
95(1)
New York
96(1)
Virginia
96(1)
Collecting Privately Issued Coins and Tokens
97(1)
Mott token
97(1)
Brasher doubloon
97(1)
Higley coppers
98(1)
Distinguishing Quasiofficial Colonial Coins
98(1)
Continental dollars
98(1)
Fugio cents
98(1)
Nova Constellatio coppers
99(1)
Washingtoniana: America Goes Ape for Its First President
100(1)
Unity States cent
100(1)
1791 Washington large eagle cent
101(1)
1793 Ship halfpenny
102(1)
1795 Grate halfpenny
102(1)
Liberty and Security penny
103(2)
Chapter 10 Copper and Nickel Coins: Made for the Masses
105(22)
Getting the Hang of Half Cents
106(1)
Major types of U.S. half cents
107(3)
Collecting U.S. half cents
110(1)
Living Large with Large Cents
111(1)
Major types of U.S. large cents
111(4)
Collecting U.S. large cents
115(1)
Seeking Out Small Cents
116(1)
Major types of U.S. small cents
116(2)
Collecting U.S. small cents
118(2)
Taking on Two-Cent Pieces
120(1)
Rounding Up the Three-Cent Nickel
121(1)
Firing Up for the Five Cents (or Nickels)
122(1)
Major types of U.S. five-cent pieces
123(2)
Collecting U.S. five-cent pieces
125(2)
Chapter 11 Silver Coins: Keeping Commerce Alive
127(32)
Thrilling Yourself with Three-Cent Silvers
128(1)
Major types of U.S. three-cent silvers
128(1)
Collecting U.S. three-cent silvers
129(1)
Hunting Down Half Dimes
130(1)
Major types of U.S. half dimes
130(2)
Collecting U.S. half dimes
132(1)
Digging in for Dimes
133(1)
Major types of U.S. dimes
134(3)
Collecting U.S. dimes
137(2)
Touring Around for 20-Cent Pieces
139(1)
Calling All Quarter Dollars
140(1)
Major types of U.S. quarter dollars
140(4)
Collecting U.S. quarter dollars
144(1)
Holding On to Half Dollars
145(1)
Major types of U.S. half dollars
145(5)
Collecting U.S. half dollars
150(2)
Digging Around for Dollars
152(1)
Major types of U.S. dollars
152(6)
Collecting U.S. dollars
158(1)
Chapter 12 Gold Coins: Concentrated Wealth
159(20)
$1 Gold Pieces
161(2)
Liberty-head gold dollar (1849--54)
161(1)
Indian-princess gold dollar (1854--89)
162(1)
$2 50 Gold Pieces
163(3)
Turban Head $2.50 gold piece (1796--1807)
163(1)
Capped Bust $2.50 gold piece (1808--34)
164(1)
Classic Head $2.50 gold piece (1834--39)
165(1)
Liberty-head $2.50 gold piece (1840--1907)
165(1)
Indian-head $2.50 gold piece (1908--29)
165(1)
$3 Gold Pieces
166(1)
$4 Gold Pieces
167(1)
$5 Gold Pieces
168(4)
Turban Head $5 gold piece (1795--1807)
168(1)
Capped Bust $5 gold piece (1807--34)
169(1)
Classic Head $5 gold piece (1834--38)
169(1)
Liberty-head $5 gold piece (1839--1908)
170(1)
Indian-head $5 gold piece (1908--29)
171(1)
$10 Gold Pieces
172(2)
Turban Head $10 gold piece (1795--1804)
172(1)
Liberty-head $10 gold piece (1838--1907)
172(1)
Indian-head $10 gold piece (1907--33)
173(1)
$20 Gold Pieces
174(5)
Liberty-head $20 gold piece (1849--1907)
174(1)
Saint-Gaudens $20 gold piece (1907--33)
175(4)
Chapter 13 Commemoratives: Raising Money with Money
179(12)
Commemorate This!
180(1)
The Early Years (1892--1934): Commemoratives Under Control
180(4)
The Age of Abuse (1934--54): Commemoratives Out of Control
184(3)
Modern Commemoratives (1982--present): Money Coins
187(1)
Circulating Commemoratives
188(1)
50 State Quarters
188(1)
Tips for Collecting Commemoratives
189(2)
Chapter 14 Advancing to Oddball Coins
191(10)
Understanding Pattern Coins
192(1)
Collecting Pioneer or Private Gold
193(2)
Finding Confederate Coins
195(1)
Appreciating Proof Coins
196(1)
Recognizing Hawaiian Coins
197(1)
Identifying Error Coins
198(3)
PART 4 BUYING AND SELLING COINS THE SAFE WAY
201(98)
Chapter 15 Wheeling and Dealers
203(10)
Finding a Good Coin Dealer
203(3)
Localizing Your Efforts
206(1)
Going to the Nationals
206(2)
Going Global
208(1)
Evaluating the global pros
208(1)
Weighing the global cons
209(1)
Surfing the Net for a Deal
210(3)
Chapter 16 Grading and Authenticity, Rarity, and the Establishment of Value
213(16)
Factors That Affect Grade
215(1)
Eye Appeal
216(1)
Circulated vs. Uncirculated Coins
217(2)
Precision Grading
219(2)
Consistency of Grading
221(2)
Proofs, Patterns, and Specimens
223(1)
Overgrading and Overpricing
223(1)
Grading Guarantees
224(1)
Authenticity and Originality
224(2)
Rarity and the Establishment of Value
226(2)
Market Demand and Survival Rate
228(1)
Chapter 17 Foiling the Fakes
229(18)
Resisting Temptation
229(2)
Becoming Your Own Expert
231(1)
Finding Out about Repaired, Restored, and Recolored Coins
232(1)
Cleaned coins
233(1)
Curated coins
234(1)
Dipped coins
234(1)
Scrubbed coins
235(1)
Erasered coins
235(1)
Whizzed coins
235(1)
Repaired coins
236(1)
Recolored coins
236(1)
Getting Duped
237(1)
Scams
238(1)
Misrepresentation
238(1)
Overgrading
238(1)
Undergrading
239(1)
Cheap offers
239(1)
Caveating Your Emptor
240(1)
Saving the Day: Return Privileges and Guarantees
241(1)
No return privilege
241(1)
Return privileges
242(1)
Guarantees
242(1)
Slamming the Scammers
243(4)
Chapter 18 Grading with the Pros
247(10)
The Grading Process
248(1)
Submitting coins to be graded
248(1)
Grading
249(1)
Encapsulation
250(1)
Shipping
251(1)
Numismatic Guarantee Company (NGC)
251(1)
Professional Coin Grading Service (PCGS)
252(1)
Certified Acceptance Corporation (CAC)
253(1)
The Other Guys
254(1)
Restoration and Conservation
254(1)
Toning
255(1)
Spots
255(1)
Metal
255(1)
Means to an end
255(2)
Chapter 19 Selling Your Coins Yourself
257(14)
Knowing What to Expect
258(1)
Deciding Whether to Sell Coins Yourself
258(1)
Getting Ready to Sell Your Collection
259(1)
Knowing what you have
259(1)
Understanding that looks are everything
260(1)
Getting the grading done beforehand
260(1)
Pricing properly
260(1)
Knowing Where to Sell Your Coins
261(1)
Coin dealers
261(2)
Coin shows
263(1)
Direct marketing via publications or online services
264(2)
Mastering the Art of Selling
266(1)
Be assertive
266(1)
Talk 'em up
267(1)
Appeal to a need
267(1)
Convey a sense of urgency
267(1)
Stick to your pricing
267(1)
Sell from the bottom
268(1)
Remain patient
268(1)
Keeping Good Records
269(1)
Donating the Rest
270(1)
Chapter 20 Going Once, Going Twice: Buying at Auction
271(12)
Flying Like Bees to Honey
272(1)
Seeking a rare flower
272(1)
Getting stung
273(1)
Preparing to Buy
273(1)
Obtaining the catalog
274(1)
Reading the terms and conditions of sale
274(1)
Registering to bid
275(1)
Studying the catalog
276(1)
Choosing your battles
277(1)
Setting your limits
277(1)
Bidding
278(2)
Reserving Yourself
280(1)
Hauling Yourself to Online Auctions
281(1)
Getting Internet versions of auction catalogs
281(1)
Using eBay
281(2)
Chapter 21 The Coin Auction Arena
283(10)
Consignment Journey
283(1)
If you are a seller
284(1)
If you are a buyer
285(1)
Heritage Auctions: "The Titan"
285(1)
Top Performing Auction Houses
286(1)
Great Collections Coin Auctions
287(1)
Legend Rare Coin Auctions
288(1)
Stack's Bowers Galleries
288(1)
Lyn Knight Auctions
289(1)
Goldberg Auctions
289(1)
Kagin's
289(1)
David Lawrence Auctions
289(4)
Chapter 22 Coin Investments, Taxes, and the Law
293(6)
Investing in Coins in Theory
293(3)
Dealing with Taxes
296(1)
Sales taxes
296(1)
Income taxes
297(2)
PART 5 THE PART OF TENS
299(24)
Chapter 23 The Ten Most Valuable U.S. Coins
301(10)
1933 Double Eagle ($18,872,250) PCGS MS65
301(1)
1794 Flowing Hair Dollar ($10,016,875)
302(1)
1787 Brasher Doubloon EB on Wing ($9,360,000)
303(1)
1822 $5 ($8,400,000) PCGS AU50
304(1)
1804 Bust Dollar ($7,680,000) PCGS PF68
305(1)
1787 Brasher Doubloon EB on Breast ($7,395,000)
305(1)
1861 $20 Paquet Reverse ($7,200,000)
306(1)
1794 $1 (Lord St Oswald) ($6,600,000) PCGS MS66+
307(1)
723 AD Umayyad Gold Dinar (£3,720,000-$6,029,400)
307(1)
1804 $10 Proof Eagle (5,280,000) PCGS PF65+ DCAM
308(3)
Chapter 24 Ten Favorite U.S. Coin Designs
311(6)
1792 Silver Center Cent
311(1)
1849 Double Eagle
312(1)
1907 Ultra-High Relief Double Eagle
313(1)
1822 Half Eagle
313(1)
1785 Immune Columbia Constelatio in Gold
314(1)
1776 Continental Dollar
314(1)
1793 Wreath Cent
315(1)
1809-36 Capped Bust Half Dollar, Second Style
315(1)
1794 Flowing Hair Dollar
315(1)
1808 Quarter Eagle
316(1)
Chapter 25 Ten Ways to Get Your Kids Involved in Coin Collecting
317(6)
Show Them Some of Your Favorite Coins
317(1)
Show Them a Book That Illustrates the Coins You Own
318(1)
Show Them Interesting Coin Websites
318(1)
Start Them on Collecting the 50 State Quarters or the Presidential $1 Coins
319(1)
Use Coins in a School Project
319(1)
Take Them to a Museum
320(1)
Take Them to a Coin Dealer
320(1)
Take Them to a Coin Show
321(1)
Take Them to a Coin Auction
321(1)
Take Them to a U.S. Mint
321(2)
Glossary 323(8)
Index 331
Neil S. Berman is an expert numismatist and professional rare coin dealer with over 50 years experience. Hes been published in Barrons, Trust and Estates, National Law Journal, The Financial Planner, Pension World, and Executive Jeweler. He has appraised coins for the United States Postal Service, the Federal Deposit Insurance Corporation, and the Securities and Exchange Commission.