Click Fraud Protection Rare Coin Report
  Loading... Please wait...

Rare Coin Report

Sound Like a Coin Pro

Posted by


Speak the lingo

Coin collectors soon find out that coin collecting comes with it's own set of terminology. Knowing the language puts all collectors on the same page so it is much easier to communicate. Let's talk about some of the most important ways to identify your coin to other collectors and dealers.  Know that the obverse and reverse refers to the front and back of a coin.  Understand the difference between relief (device) on a coin and which part is the field.  These are just some basics but they will go a long way.

coin anatomy 1879 silver dollar

Know your mint marks

Knowing the mint mark on your coin is just as important as the date or even the type of coin you are holding! A common way to collect coins is to put together a date set, so many collectors are worried about the date and not especially where it was struck. Other collectors want to collect all the different mint marks and still some collect solely by mint mark alone. Regardless of how you put a collection together, the mint mark is vital information in not only the value of the coin but also the little nuances that come from coins being struck at different mints. For example, 1893 dated Morgan Silver Dollars can vary in price from $1,000 to over $100,000 based solely upon which mint it was struck! When speaking about a coin, always relay the date and the mint mark when you say what it is. For example, you would say "this is an 1878-S Morgan Silver Dollar." 

 1878-S Morgan Silver Dollar

The Philadelphia Mint was the first mint and is still considered to be the primary mint today. In fact, Philadelphia has not always used a mint mark and most coins around today without a mint mark were typically struck there. However, other mints have come and gone but they have left their marks on their coins too. To a new collector, some mint marks do not make sense and other mints even share a mint mark. The history of the mints is entirely another story but here is a quick reference of U.S. mints.

C- Charlotte, NC 1838-1861 (only gold coins)

CC- Carson City, NV 1870-1893

D- Dahlonega, GA 1838-1861 (only gold coins)

D- Denver, CO 1906-present

O- New Orleans, LA 1838-1861, 1879-1909

P- Philadelphia, PA 1793-present (has not always used a mint mark)

S- San Francisco, CA 1854-present

W- West Point, NY 1984-present (has not always used a mint mark)

In short, identifying your coin by date and mint mark and describing your coin with the correct lingo goes a long way in keeping everyone on the same page. Not to mention, you'll sound like a pro!


Hawaii overprints, why?

THE HAWAII OVERPRINTAfter the shock of Japan attacking Pearl Harbor, the United States realized if Hawaii were to be invaded, Japan would have access to quite a lot of U.S. currency in banks, as well as in private hands. In January of 1942, there was a recall of all regular issued Federal Reserve notes. [...]

Read More »


The New $25 Palladium Eagle!

Since the release of the American Platinum Eagles in 1997, there has been much talk of releasing a palladium coin for United States collectors. When the price of platinum soared to almost $2,000 an ounce a palladium coin seemed like an extremely good idea! In 2010, public law 111-303 was passed in order to [...]

Read More »


The Missing 2009 Proof American Silver Eagle

The ranks of coin collectors continuously grow from year to year and collectors often repeat the same questions.  A very common question from years ago is starting to resurface as collectors are looking to complete their American Silver Eagle collections.  Why am I missing the 2009 Proof Silver Eagle?For those of you who may not [...]

Read More »


How are new coin designs chosen?

Citizens Coinage Advisory CommitteeThe process of choosing the designs for new coins is lengthy and unfortunately a little wordy! I will do my best to answer the question at hand without losing you all. The ultimate decision of what design goes where falls into the hands of the Citizens Coinage Advisory Committee. [...]

Read More »


Hawaii Federal Reserve Notes, Why?

WAR!Not to be glib or disrespectful but throughout time nothing has changed money and commerce more than war. In our own Country's history our currency and coins have been changed after every major war, starting with the Revolution. We have talked together of this in the past but there is a reason the [...]

Read More »


Most missed uncirculated Silver Eagles Part 3: Die Variety

As we have discussed in the last two parts, American Silver Eagles are some of the most collected coins in the world today.  Within this collection, collectors often miss some of the best coins out there thru lack of knowledge.  In this final installment of The Most Missed Uncirculated Silver Eagles we will discuss varieties. [...]

Read More »


Most Missed Uncirculated Silver Eagles Part 2: Burnished Silver Eagles

Burnished West Point Silver EaglesMint state Silver Eagles are the most collected precious metal coins in the United States and rightfully so! Since their release in 1986, they have been praised for their beauty and design. Mostly due to tradition, the mintmark on modern Silver Eagles was only placed on the proof examples [...]

Read More »


Most Missed Uncirculated Silver Eagles Part 1: (S) Mint

Why Do (S) Mint Silver Eagles Exist?Before we can tear off on to why these coins exist, a little coin history is in order. The Mint started production of the American Silver Eagles back in 1986 and collectors immediately loved them! The Mint produced the coins in two strikes: uncirculated and proof. [...]

Read More »


Can You Guess the Top Coin Collecting Strategies

TOP COIN COLLECTING STRATEGIESIf you are like most of us, your coin collecting experience usually starts with a close relative introducing you to a coin you never knew existed with a great story.  Sometimes it never takes hold and sometimes you come back around to it later and pass collecting on to the next generation. [...]

Read More »



 
help

Shop with Confidence

  • International Currency, LLC BBB Business Review
  • 25 years in business
To Order Call
800.323.5055

8725 Eastex Freeway Beaumont, TX 77708