That ’ south why we ’ ve come up with three tips for you to explore in order to learn about your coins, making collecting coins that much more particular .
Tip # 1 : determine about the backstories of your coins
many coins have interesting stories when they were initially produced. tied though meticulous planning is frequently done before the production of a new coin, many were altered at first. For exemplify, the reverse of the first Lincoln Wheat Penny had the V.D.B. initials of interior designer Victor David Brenner prominently illustrated on it. however, the initials were altered midway through production after complaints that they were excessively big, and this made the original 1909 V.D.B. Lincoln Penny one of America ‘s most popular coins .
That is just one case of how a coin ‘s backstory adds to its overall rate. You should besides check out The Kennedy Half Dollar and The Susan B. Anthony Dollar ; they ‘re decidedly a must-have for your collection.
Tip # 2 : Know the mintage and rarity of your coins
If you want to determine the value of your coins, you need to take into score the following factors :
- How many of this coin is in circulation today
- mint marks and mistakes
- The coin ’ south demand
- The coin ’ mho degree ( or quality )
The fact that some coins are rare these days makes them highly precious and valuable for mint collectors. An example of this is the Silver Mercury Dime. Despite the fact that the coin ‘s official list was “ Winged Liberty Head Dime, ” the public at the time mistook the design of the dame with wings on her head for the Roman God Mercury. Just 264,000 of these coins were produced in 1916 at the Denver Mint, making the coin highly rare as a result of this .
Tip # 3 : spirit into the by of the coins you own
undoubtedly, finding out that a coin you own has bang-up historical significance makes the coin collecting experience way more challenging and fascinating. many coins are renowned for their diachronic value for a number of reasons. An model would be the Three-Cent Nickel which circulated from 1865 to 1889 and emerged from the tumult of the Civil War when the american english currency was in danger and silver neologism was hoarded, making it a care for memento from that time in history.
Knowing more about your coins makes the collecting avocation much more enjoyable and matter to. You can learn about them by consulting the U.S. coin guide called The Red Book, besides known as the bible of coin collectors which includes all the data you need to fully know your coins. Following up with online numismatic sources such as The Franklin Ledger, where you can get knowing data about your mint ’ mho intriguing stories and historic respect would besides be identical helpful throughout this engrossing journey of coin collection .