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Old 03-10-2011, 03:31 PM
 
139 posts, read 379,848 times
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I have been collecting for about a year, I have a lot of coins ranging from the basic wheat penny to the very unique wartime nickels and all the way to modern quarters. What is an essential coin that every coin collector should have? Also is there a website where I could get an idea about coin values, etc?
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Old 03-11-2011, 08:57 AM
 
46,259 posts, read 27,074,383 times
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Quote:
Originally Posted by packmanbears View Post
I have been collecting for about a year, I have a lot of coins ranging from the basic wheat penny to the very unique wartime nickels and all the way to modern quarters. What is an essential coin that every coin collector should have? Also is there a website where I could get an idea about coin values, etc?
Get the "red book of coins", this will inform you of the prices and what coins to aquire.

Amazon.com: coins red book 2011: Books

What you ask, is up to the perosn collecting....

I would love to have the 1987 "w" silver eagle....worth around $3500 right now...when it sold it was not much more than they are now....

Just google coin collecting, you will find NUMEROUS sites to check out.

I only collect american coins....I don't get into anything else like forgein...
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Old 03-11-2011, 09:51 AM
 
139 posts, read 379,848 times
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Originally Posted by chucksnee View Post
Get the "red book of coins", this will inform you of the prices and what coins to aquire.

Amazon.com: coins red book 2011: Books

What you ask, is up to the perosn collecting....

I would love to have the 1987 "w" silver eagle....worth around $3500 right now...when it sold it was not much more than they are now....

Just google coin collecting, you will find NUMEROUS sites to check out.

I only collect american coins....I don't get into anything else like forgein...
Yes I only collect American coins also, I have the red book giving me information regarding nearly every coin the U.S. has ever minted. Do you think there is a market for 2010 pennies?
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Old 03-11-2011, 10:12 AM
 
Location: Tyler, TX
23,854 posts, read 24,091,732 times
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Quote:
Originally Posted by packmanbears View Post
I have been collecting for about a year, I have a lot of coins ranging from the basic wheat penny to the very unique wartime nickels and all the way to modern quarters. What is an essential coin that every coin collector should have? Also is there a website where I could get an idea about coin values, etc?
Those "unique" wartime nickles aren't as unique as you'd think.

Website for valuation:
PCGS The Standard for the Rare Coin Industry

Note that their values aren't to be presumed to be real-world values. A coin is worth what someone will pay for it, and not a penny more. Collectibles are one of the first areas to get hit in a bad economy, and coins are no exception.

As for an "essential coin that every collector should have," every collector will give you a different answer. It's about your own personal preferences. When I was active in the hobby (that was many years ago), I focused on Lincoln pennies and Washington quarters. A lot of people like liberty dimes, Morgan dollars, etc. Collect what you're interested in. I'd probably pick the 1909-S VDB Lincoln cent as my "holy grail" coin. I'm sure you'd pick something different.
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Old 03-11-2011, 10:57 AM
 
139 posts, read 379,848 times
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Quote:
Originally Posted by swagger View Post
Those "unique" wartime nickles aren't as unique as you'd think.

Website for valuation:
PCGS The Standard for the Rare Coin Industry

Note that their values aren't to be presumed to be real-world values. A coin is worth what someone will pay for it, and not a penny more. Collectibles are one of the first areas to get hit in a bad economy, and coins are no exception.

As for an "essential coin that every collector should have," every collector will give you a different answer. It's about your own personal preferences. When I was active in the hobby (that was many years ago), I focused on Lincoln pennies and Washington quarters. A lot of people like liberty dimes, Morgan dollars, etc. Collect what you're interested in. I'd probably pick the 1909-S VDB Lincoln cent as my "holy grail" coin. I'm sure you'd pick something different.
That is near to impossible to attain these days
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Old 03-11-2011, 11:09 AM
 
8,629 posts, read 9,130,021 times
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I'm with swagger. Collect what interests you the most. I've dabbled in collecting since I was a kid, but not real serious or professional. In my collection of have a full cigar box of wheat backs. Silver quarters, silver half dollars, Proof set american coins. I have a bicentinial silver half dollar from Vermont that is somewhat rare. And I also like ancient Roman and Greek coins which can be very affordable to purchase. I do possess a couple of 5 ruble gold russian coins also from the old dynasty days. I also take interest and possess American paper money too. I have a few perfect bills from the early 20 century and a few misprints that I really like.
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Old 03-11-2011, 11:14 AM
 
46,259 posts, read 27,074,383 times
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I would pick a few coins, study them and find out what is "the coin" then go from there....

If your made of money, you can collect all American coins, I have stuck with the silver eagles, and the state quaters....

I also collect silver bars, I even have a standard size silver 2 dollar bill...pretty cool....and weighs quite a bit...pure silver of course...

My state quaters. I have all of them from the begining, P&D encapuslated...then I have 2 more sets that are gold and platinum....

So 4 sets of quaters for each year...all uncirculated...

Just a little hobby that can get out of control really quick....
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Old 03-11-2011, 02:53 PM
 
139 posts, read 379,848 times
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Originally Posted by jmking View Post
I'm with swagger. Collect what interests you the most. I've dabbled in collecting since I was a kid, but not real serious or professional. In my collection of have a full cigar box of wheat backs. Silver quarters, silver half dollars, Proof set american coins. I have a bicentinial silver half dollar from Vermont that is somewhat rare. And I also like ancient Roman and Greek coins which can be very affordable to purchase. I do possess a couple of 5 ruble gold russian coins also from the old dynasty days. I also take interest and possess American paper money too. I have a few perfect bills from the early 20 century and a few misprints that I really like.
i found an 1800s greek drachma, im greek so i fully understood what it said
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Old 03-11-2011, 02:54 PM
 
139 posts, read 379,848 times
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Is there a market for 2010 pennies??
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Old 03-11-2011, 03:04 PM
 
8,629 posts, read 9,130,021 times
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Originally Posted by packmanbears View Post
i found an 1800s greek drachma, im greek so i fully understood what it said
Nice find. The greek coins I refer to are thousands of years old. I was watching a documentary about those who hunt for treasure using metal detectors. This English guy was walking along the Thames River in London and stumbled across a coin from Henry the VIII's day, it was dated in the 1500s and in good enough condition to make out the date. That is a hell of a find to find something stamped out by man so many years ago.
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