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Replies: 10 / Views: 1,776 |
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New Member
Korea, Republic Of
1 Posts |
Hi everyone, my name is Michael, I'm 40, and I'm not really a numismatist... well not yet anyway. I actually got interested in this hobby by accident when I recently decided to try and get my nephew started on it. I look back and wish I had started collecting coins when I was little, but instead I blew all kinds of money on basketball cards like an idiot! So I'm hoping to help my nephew avoid the same mistake. So my dumb questions are these: 1. Do you guys worry about authenticity when buying on ebay? I probably wouldn't ever buy anything for more than $100 there, but sometimes I wonder how hard it is for someone to forge a really old coin. 2. What coins would you consider "essential" for every beginner coin collector? 3. How often, if ever, do you buy coin sets directly from the U.S. Mint? I've read that they're overpriced, but I do like the certainty that they're selling very official stuff. My 11 year old nephew is going to get his first numismatic gift today... - 2012 America the Beautiful Quarters Silver Proof Setâ„¢ (SV7) - A grab bag of old coins from Amazon.com- A couple of coin collecting books, also from Amazon (2012 Guide Book of United States coins: Red Book, and The Instant Coin Collector) Over the years I've given him plenty of Xbox games and other generic crap, so I'm hoping he takes to this coin thing! Thanks, Michael
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Moderator
 United States
188326 Posts |
 to the Community! Since you have asked a handful of questions, I have moved you welcome post to the main forum to attract a larger audience.
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Pillar of the Community
United States
524 Posts |
 coinslot 1. Yes we worry. You just have to educate your self so you know what your buying. 2.No such thing a "essential" coins. You find what you enjoy and collect that. Then on to the next thing you enjoy. 3. I have bought a few proof sets from the mint but thats it. Someone else can help with this one. My suggestions for a newb is to collect something out of change that can get you used to what to look for as far as grade[like Jeffersons,Lincoln Memorial etc.] then move to something more expensive once you have the basics down.
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Rest in Peace
United States
7075 Posts |
 I think it is just wonderful that you are helping your nephew with coin collecting! I think the books you got him are a great start. I think I would add the Cherrypickers Guides and/or Strike it Rich with Pocket Change. I got them from my husband for Christmas and it is great fun to look through the change to find error and variety coins. Aside from the cost of the books and a 10X loupe, it's pretty much free and you can find a lot of neat (although not always valuable) stuff. I don't know about the Mint being overpriced, but it is nice to go to a dealer or a show and look over the proof sets-- they are not all created equal. As far as essential coins...well I don't think there are any, but I'm still crazy about my first Morgan and my Buffalo nickels that I got over forty years ago.
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Valued Member
United States
424 Posts |
 #1 absolutely #2 whatever you want to collect #3 rarely Other things to consider... -magnifier or a loupe. 10X is normally used. -something to keep your coins, or nephe .s in. 2x2 flips(and stapler), or albums, etc... There's tons of options. Also, you should check around your area and see if there are any coin dealers. Some are very helpful.
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Moderator
 Australia
16826 Posts |
Quote:Do you guys worry about authenticity when buying on ebay? I probably wouldn't ever buy anything for more than $100 there, but sometimes I wonder how hard it is for someone to forge a really old coin. Yes. There are certain types of coins that are more frequently forged than others. China is the primary source for modern mass-produced counterfeits these days. Pictures of the Chinese counterfeiting ring can be easily found on the web, they've been reposted multiple times; you can see them in this old thread from 2009. For really, really old coins (i.e. ancient Greek, Roman, etc) Eastern Europe is the primary source of counterfeits. Quote: What coins would you consider "essential" for every beginner coin collector? Let me ask a similar question: What eye colour would you consider "essential" for every human? The answer is the same: in this case, there isn't really such a thing as "essential" which everyone has to have; everyone is different. For coins, it all depends on what coins you want to collect. For example, I collect world coins; I would consider a coin from Mauritania to be "essential" to a collection of "one coin from every country". However, the majority of coin collectors in any given country aren't interested in foreign coins, so would consider coins from Mauritania to be an irrelevant nuisance. Quote: How often, if ever, do you buy coin sets directly from the U.S. Mint? I've read that they're overpriced, but I do like the certainty that they're selling very official stuff. I've never bought anything direct from the US Mint. But since I'm not in America and American coins are only slightly interesting to me, that shouldn't surprise you.  I'm in Australia, but I've rarely bought coins directly from the Australian mints, either. Australian coins (and modern, freshly-minted, made-for-collector coins generally) simply don't interest me too much.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
 Korea, Republic Of
1 Posts |
Hi everyone, thanks so much for your replies! I really couldn't be any newer at this... I'm literally at the stage where I go through my change jar to see what's there, but my questions are mostly asked for my nephew's benefit so I don't start buying him fake junk & whatnot.
By the way, I live in Korea and the oldest stuff I found was a couple of 1982 500 won coins which, according to my calculations, are currently worth approximately 500 won! 500 won in Korea is about US$.45. But 1982 was the first year this coin was minted, so maybe they're worth hanging onto.
Thanks again, and I look forward to learning a few things from you guys!
Michael
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Bedrock of the Community
United States
20753 Posts |
 I never, ever buy anything from ebay or any other similar auction type place. I suggest you find out if there are any coin shows or coin clubs in your area. Buying almost anything from someone you can't see, don't know, not sure of, is like playing the lottery. As to what coin(s) are essential to start someone with is probably something that is easy to find, buy, collect. For example Jefferson nickels and/or Lincoln Cents. Always a bit of fun attempting to fill an Album with those. Albums, not Folders. As to buying from the Mint. I purchase many Proof and Uncirculated sets from them every year for Christmas Presents. I've found over the years that regardless of age, boy or girl, likes and/or dislikes, never heard a complaint about getting those. Each person om my list gets one of each and a new Red Book. Saves me a lot of trying to figure out what anyone wants.
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Valued Member
United States
206 Posts |
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Pillar of the Community
United States
9792 Posts |
1.Yes I worry, have only had to return a couple of items over the years, due to condition not as stated or pictured rather than fake. 2. Whatever hits your fancy, it is YOUR collection after all, I collect 2¢ pieces and Morgan dollars as well as Type coins all US myself. 3. Rarely if ever, I can usually find anything I need after the mint releases it a bit cheaper. I did try to get the last 5 coin American Silver Eagle set as I knew I could make money just by getting and selling it right away, of course I couldn't get through, but both friends I told about it, got 5 sets (grrr).
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440
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Pillar of the Community
Australia
3831 Posts |
Coins are a bit different from baseball because they have thousands of year of history. That also means there have been a lot of collectors and will continue on for generations. Coins normally retain a reasonable value if you keep them in good condition - don't clean them or scratch them and so forth. Korea is pretty interesting. I have been selling some old Korean coins and a fair number of them have gone back to Korea. Some examples that I have in my collection:    By the way Michael, if you are there for a while and are willing to look for some coins that I need for my South Korea collection, I am willing to pay for them. Looking for circulated ones and ebay prices are just dumb for regular coinage - not looking for UNC ones. Hope you enjoy collecting!
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month.
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Replies: 10 / Views: 1,776 |
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