Coin Collecting Opens The Door To The Past

Coin collecting or numismatics is probably one of the most popular hobbies in the world and also one of the oldest. Many individuals at some point in time have collected coins. If you want to start a coin collection, a lot of research and study should be devoted to the hobby of coin collecting.

Coins have often been regarded as ‘mirrors of history’. Other than the monetary value and worth of antique coins, they also possess historical value. Coins belonging to different ages have different stories to tell of empires and emperors.

Amateur coin collectors generally start their coin collection by collecting coins that belong to their own country, as this is the easiest and the most cost effective way to start a coin collection. With time this may give way to specializing in collecting coins that belong to a particular type. Coin collectors may specialize in coins of a particular country or of a particular period or metal. Commemorative coins, such as those released during sporting events or those that mark the independence day of a country, can also make an appealing collection. Coins with faults or defects are also popular among serious collectors.

As with any other hobby, the coin collection market is flooded with fakes and if you are not an expert in this field it is very difficult to separate the original genuine coins from the counterfeit coins. Before buying expensive coins it is a good idea to get the coin authenticated by reputable coin grading and coin authentication services. The condition of a coin is denoted by a coin grade. For a detailed study on coin grades, read Photograde by James Ruddy. Currently, the more reputable coin grading services are Professional Coin Grading Service, Numismatic Guarantee Corporation of America, ANACS and Independent Coin Grading Co.

The best places to buy coins are reputable coin dealers, auctions, coin shows or from other collectors, though you should avoid buying from the internet as it is hard to judge online whether the coin you are interested in is genuine or counterfeit. Coins may be stored in coin cases, coin trays and coin albums. However, you should avoid storing coins in jars, as keeping them in a jar may scratch the coins.

Amateur coin collectors may mistakenly think that cleaning coins is an important part of caring for the coin collection. However, the opposite is true; it is best that coins are not cleaned at all. Collectors prefer the original look of coins and cleaning coins may bring down their value. If your coins need any cleaning, you should first consult a professional or an expert. Olive oil or soapy water may be used for cleaning coins. Harsh cloths should never be used to clean, and tap water is a strict no-no as they contain minerals that may harm the coins.

Last Chance to Order Bald Eagle Commemorative Coins

Mint Seal

WASHINGTON – Time is running out to order Bald Eagle Commemorative Coins.  The United States Mint announced today that it will stop sales of the coins struck to celebrate the recovery of our national emblem, the American Bald Eagle, on Dec. 12, 2008, at 5 p.m. (ET).  Surcharges collected from the sale of these coins are authorized to be paid to the American Eagle Foundation of Tennessee to further its work.

Bald Eagle Commemorative Coin options still available include proof and uncirculated versions of a gold coin with a denomination of $5, a silver dollar coin and a half-dollar clad coin.  A Coin and Medal Set, featuring an uncirculated Bald Eagle Silver Dollar and a bronze Bald Eagle Medal from the National Wildlife Refuge System Centennial Medal Series, also is available.  Individual coin options include a Certificate of Authenticity.

The Bald Eagle Proof Silver Dollar Coin also will be available in the 2008 United States Mint American Legacy Collection®, one of the star attractions in the United States Mint’s Gift Catalog scheduled for release in late October.

The maximum mintage for all Bald Eagle Commemorative Coin options, including sets, is limited to 100,000 $5 gold coins, 500,000 silver dollar coins and 750,000 clad half-dollars.  There is no order limit on these options.

Itemized pricing information for the Bald Eagle Commemorative Coins is as follows:

Option Price
Proof $5 Gold Coin (EA1) $319.95
Uncirculated $5 Gold Coin (EA2) $309.95
Proof Silver Dollar (EA3) $43.95
Uncirculated Silver Dollar (EA4) $37.95
Proof Clad Half-Dollar (EA5) $10.95
Uncirculated Clad Half-Dollar (EA6) $8.95
Coin and Medal Set (EA6) $44.95
American Legacy Collection (AL2) $100.00

To make the Bald Eagle Commemorative Coin options part of your coin collection, visit the United States Mint’s secure Web site at www.usmint.gov, or call the toll-free number, 1-800-USA-MINT (872-6468).  Hearing- and speech-impaired customers with TTY equipment may place their orders by calling 1-888-321-MINT (6468) from 8:30 a.m. to 5 p.m. (ET), Monday through Friday.

Customers paying by credit card should ensure that their information remains current to avoid order processing delays.  Orders made with credit cards that expire before the products are shipped will be cancelled.  After an order has been placed, customers may update credit card information at 1-800-USA-MINT (872-6468).

To view images of the Bald Eagle Commemorative Coins, go to
http://www.usmint.gov/pressroom/index.cfm?action=photo#2008BaldEagle