War Nickels; What They Are And Why To Search For Them

 

 Learn all about Henning War Nickels here and why you would keep your eyes peeled for them to add to your coin collection! 

DON'T Spend This BICENTENNIAL Quarter!

 

 

In this video the value of 1976 bicentennial quarters is discussed. Also discussed is the value of some of the different types of some of the most rare and valuable 1976 quarters that have been sold at auction including some popular errors and varieties worth a lot of money!

Coin Collecting Tips for Beginners

 

Many people begin their coin-collecting journey by finding an interesting coin in their pocket change, inheriting a coin collection or acquiring a few coins by some other means. Other people think they have found a rare and valuable coin and are looking to get rich quick. Regardless of where you start, here are some tips that will ensure you have a long and profitable coin collecting journey.

1.) Start Simple and Small

Unless you are a millionaire and a thousand-dollar mistake won't bother you, you'll want to ease into the hobby and learn the ropes before you make any major purchases. Start with smaller coin purchases and coin sets that are easy to assemble. Take the time to learn about the coins, their history, how to grade them, and coin pricing.

Many great coin collectors started by assembling a set of Lincoln pennies. They are still found in circulation, and most can be purchased for a moderate price at a local coin show, coin shop, or online. If your budget is a little larger, you may want to start with building a collection of Indian Head pennies or collecting a type set of United States coins.

2.) Collect What You Like

Many people ask, "What should I collect?" The short answer is, "Collect what you like!" Select coins or a series of coins that interest you. It may be a fascinating design on the coin, the history behind the coin or a story that is associated with the coin. Use the Internet to research the history of a coin or to learn about its origins. However, be careful if you purchase coins on the Internet. They may be overpriced or counterfeit.

Regardless, if the coin piques your interest you will be more likely to learn about them and that education will help you avoid costly mistakes in your coin collecting journey. The Lincoln penny is rich in history and has some great stories behind some of the coins. Some young collectors collect world coins that have a common theme, such as queens, fish, buildings, flowers, etc. The possibilities are endless and it can be as interesting as you make it. Finally, as you begin your coin collecting journey be careful not to fall into the trap of trying to "making a quick buck." You will meet people and unscrupulous coin dealers that will try to sell you coins at bargain-basement prices. You will soon find out that the old adage of "if it's too good to be true, it probably is" will hold true in this situation. Stick with collecting what you like and purchase your coins from a trusted coin dealer.

3.) Handle Coins Carefully & Store Them Properly

Although coins are made of metal and we tend to think of metal is very tough, the surface of a coin is very delicate and can be damaged easily. Different metals will react differently with the atmosphere around them.

Practicing safe coin storage and handling techniques will protect the value of your coins for generations to come. Handle your coins wearing cotton or latex gloves. If these are not available, then only handle the coin by its edge. Most importantly, never clean a coin! Coin dealers will be able to tell that has been cleaned and it will be considered a "damaged coin." This will greatly reduce its value or possibly make it worthless.

4.) It's Not a Race

Building a solid collection of coins that will appreciate over time is not a race. In fact, most coin collectors who hurry with their purchases end up getting frustrated very quickly and losing money when it comes time to sell their coin collections. Take your time and learn about the particular coins before you purchase them.

Also, don't purchase the first coin that comes along. Wait for the coin that is the quality you are seeking and is being offered at a reasonable price that you are willing to pay. Done right, coin collecting is a hobby that can last a lifetime.

5.) Buy the Book

There is an old adage that states "Buy the book before you buy the coin." People who have sold their coin collections for hundreds of thousands, if not millions, of dollars not only followed these simple rules, but also took the time to learn about the coins they were collecting. The Internet is a great source of information and, unfortunately, misinformation. A great book for the beginner as well as the seasoned collector is The Guide Book of United States Coins, also known as the Red Book. Take the time to read the introductory chapters of this book and gain an education before you jump into the pricing information that it is also known for.

6.) Magazines and Websites

 Because you're reading this article right now, it shows that you are looking for more information about coin collecting. There are popular coins collecting magazines such as: Coin World and Numismatic News. Coin related websites can also be a great source of information but be careful of websites that are just trying to sell you overpriced coins.

7.) Join a Coin Club

One of the best ways to learn more about coins and keep your interest in coin collecting alive is to join a coin club. Many cities and towns across the United States have local coin clubs. A quick Internet search will tell you if one is nearby. The American Numismatic Association (ANA) is the largest organization dedicated to numismatic education in the country. Also, there are various specialty coin clubs that focus on error coins, early American copper coins, Liberty Seated type coins, etc. Regardless of your area of interest or level of expertise, there is a coin club that will meet your needs.

8.) Visit a Coin Show or Coin Shop

Many coins can be purchased online. Unfortunately, this does not give you the opportunity to hold, inspect and compare the coins you are about to purchase. By visiting a coin show or local coin shop, you will be able to evaluate the coin firsthand before you purchase it. Additionally, a trusted coin dealer can provide you with valuable information that will help you with your purchase. Many coin shows also hold mini-seminars that help new collectors hone their coin collecting skills.

9.)Have a Plan

Before you start a coin collection, do some research as to how much money it will take to assemble the collection. If there are some showstopper coins, that doesn't mean you shouldn't start that particular collection. You may have to save up or wait until you have enough disposable income to buy the more expensive coins.

Set up a spreadsheet to list the coins you need to complete that particular collection. Also, list the estimated cost of each coin and what grade you are looking to purchase. As you purchased the coins check them off your list so you don't purchase duplicate coins.

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Can You Sell Your Gold Teeth?

We are sure you knew about selling your old gold, silver, and platinum jewelry for cash, but did you know you can sell your gold teeth too? That’s right! The value of your gold teeth is based on the weight and metal. Your gold crowns have more value than you might think.

How Much Is a Gold Tooth Worth?

The value of your gold teeth might surprise you. Dental offices can sell their gold crowns to cash buyers, but usually, they get the bad end of the bargain. You see, gold buyers sometimes go into dentist offices in hopes of purchasing gold teeth for a few hundred dollars, but the value is far higher than they are getting.

Often sellers aren’t educated on the value of gold and cash buyers are giving you a guess estimate of the gold value of the crowns. Some of the crowns might even be 24 karat, which is the purest value of gold.

However, if you choose a random cash buyer without doing your research, you might receive the lowest price for your gold teeth. If you don’t do your research, you are most likely going to get money based on the lowest karat even if your gold teeth are worth more. You can sell your gold teeth, but make sure you understand the value of gold and are working with a reputable company.

Gold teeth can hold a strong value, depending on the percentage of gold. The higher the gold purity, the higher its cash value. If you are an individual who wants to sell your gold teeth or a dentist’s office looking to get rid of dental scraps, you can get your estimate today.

Ask us today! Martinez Coin And Jewelry Exchange would love to answer your questions regarding your gold tooth exchange! 

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Circulating Coins: Making Money

 

 

This short series videos show us how the United States Mint makes circulating coins.

What Is A Panda?

 

Chinese Silver Pandas, which feature the adorable bear endemic to the region, are a popular choice among investors and collectors of international bullion coins. The history of the Silver Panda has inconsistent beginnings, but it has since settled into a position of worldwide acclaim as high-quality and beautifully designed silver bullion.

The obverse of the Silver Panda is redesigned each year, but always features a panda bear. The panda is generally depicted in its natural habitat among a forest of bamboo shoots. It is worth noting that the Chinese panda is also available as a gold coin.

The Taoist Temple of Heaven of Beijing stands on the Silver Panda’s reverse. This temple was completed in 1420 during the Ming Dynasty. Its main purpose was to provide a sanctuary for Chinese royalty and other elites to worship. While the panda on the obverse has changed many times, the Temple design has largely remained the same (with only a slight alteration in 1987 to accommodate a weight and purity change in the coin).

Early Production

The first Silver Panda was released with a proof finish in 1983, following the success of the Chinese Gold Panda that was released the previous year. From 1983 to 1985, Silver Pandas weighed less than an ounce and contained only .900 fine silver, which is less than most standard bullion coins. No Silver Pandas were produced in 1986.

In 1987, the weight and purity of Silver Pandas were adjusted to meet customer demand and expectations. For many years from 1987, each Panda weighed one troy ounce and consisted of .999 fine silver. No Silver Pandas were produced in 1988. The lack of production in 1986 and 1988 is likely attributed to the mint focusing on other products with a higher priority at the time.

In 1989, Silver Pandas with a BU finish were released. It was also this year that a “P” was placed on the obverse of proof Silver Pandas.

Growing Popularity

By the mid-1990s, Silver Pandas began getting a new panda design each year. This greatly pleased many collectors who wanted to add each loveable bear to their bullion portfolios. However, the Chinese Mint kept the same panda design for two consecutive years in 2001 and 2002. After protests from loyal consumers, new annual panda designs resumed in 2003 and continue to this day.

In 2016, Silver Pandas were switched from troy ounces to grams because the metric system appealed to more international consumers. While not exactly the same weight, the one troy ounce Panda was replaced by the 30 gram Panda.

Minting History

From the Silver Panda’s debut until 1989, the coins were manufactured solely in Shanghai. As the coins grew more popular, it was clear that the mintage quantities had to be increased. In 1990, Silver Pandas were minted in both Shanghai and Shenyang. A third minting location of Shenzhen was added in 1999. Silver Pandas are now minted in Beijing as well, marking four regular minting locations across the country.

In 1998, a one kilo silver coin was added to the series and exactly 1,988 were produced that year. 1,999 one kilo coins were produced in 1999 and 2,000 were produced in 2000. Production quantities were then capped until 2003. From 2003 to the present, 4,000 one kilo silver coins have been produced each year.

Chinese Silver Pandas do not carry mintmarks even though there are multiple mint locations. Having these coins produced at various mints sometimes results in slight variations on the coins, which instantly become treasures for collectors.

Silver Pandas are minted in relatively low quantities each year, especially when compared to the Chinese population as a whole. Granted, not all Chinese citizens will buy Silver Pandas, so plenty are sold abroad. If you intend to invest in Silver Pandas, don’t miss your chance to own each year’s unique design. The iconic bears have captured the hearts of many, while providing immense value to your precious metals portfolio.

Why Should I Invest in the Silver Panda?

The Chinese silver Panda is now one of the most coveted coins among silver bullion investors and coin enthusiasts. Because each coin consists of .999 fine silver, and is minted and guaranteed by a sovereign government, the Silver Panda may be included in a self-directed precious metals IRA.

Also, limited mintages, and design anomalies between minting locations make the Silver Panda high sought for by coin collectors.

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What Is A Swan?

What Is an Australian Swan Coin?

Released annually from The Perth Mint, Australian Swan coins are a popular choice among investors and collectors. These handsome coins are minted in Silver and Gold versions and are modern bullion favorites, attracting buyers from all over the world. The obverse of the coin displays a bust portrait of Her Majesty Queen Elizabeth II. The reverse displays an annually refreshed depiction of the stately Swan.

Australian Swan coins have remained a popular choice since their release in 2017, which can be attributed to their excellent purity and quality craftsmanship. Swans are produced in limited mintages and bear collectible design nuances, making each coin a coveted investment.

Each year, the Swan is depicted in a new light, with designs lauded for their stunning details. The annual design is produced in Silver and Gold, so buyers can enjoy each year’s reimagined swan portrayal on their favorite Precious Metal.

Did you know? The Perth Mint’s inaugural release of the 1 oz Silver Swan coin sold out worldwide in less than two days. Learn more about The Perth Mint, Australia’s oldest operating mint.

How Much Are Australian Swan Coins Worth?

Australian Swan coins are simultaneously bullion items, collectibles and legal tender. Consequently, Swans carry a face value on the obverse and boast an impression of the exemplary purity content on the reverse. These sovereign coins are backed by the Australian government for their face values. However, from a bullion perspective, the worth fluctuates with the market value of Precious Metals.

Coins that have been slabbed and graded offer additional value retention. APMEX offers MS70 and PR70 certified slabbed Australian Swan coins.

Gold Australian Swan Coin Basics

Gold Australian Swan coins boast a .9999 fine Gold content. Gold Swans are offered in a 1 oz size and are minted in various finishes, including brilliant uncirculated and proof. The face value of the 1 oz size Gold Swan coin is AU$100.

All Swan releases are limited mintage items. However, 1 oz proof Gold Swans are especially desirable. One hundred eighty-eight are produced yearly, a particularly low mintage. These pieces are minted in a stunning high-relief finish.

Silver Australian Swan Coin Basics

Silver Australian Swan coins are minted in .9999 fine Silver and come in two sizes: 1 oz and 5 oz. A variety of finishes are available as well, including brilliant uncirculated and proof. The face value of the 1 oz Silver Swan coin is AU$1, and the 5 oz version is AU$8.

Australian Swan coins have historically been offered in limited mintages. However, 5 oz high relief finish Silver proof Swans are particularly desirable because only 500 are produced each year.

Did you know? Perth, the capital city of Western Australia, is nestled along the Swan River. The river has inspired the Australian city for ages and has been home to the renowned Perth Mint since 1829. Homage is paid to the graceful Swan on The Perth Mint’s swan-centric logo. The flag of Western Australia also boldly features the elegant creature. The significance of The Perth Mint’s Swan coin design becomes apparent when one reviews the history of the storied city.

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