By Robert L Taylor, JD

Why should a coin collector and investor buy and collect professionally graded and certified coins? Commonly called “slabs”, they are housed in a protective plastic holder. There are many companies – over a dozen are less than 2 years old – which will put your coin in a slab after Certifying that it is Authentic, and assigning a Grade to the coin. The first reason for buying and collecting Certified and Graded Coins applies to all of these companies. However, the most important reasons apply only to the Top Four companies: PCGS, NGC, ANACS, and ICG.

Reason No 1. To Protect Your Coin from Damage.

Visible Damage, which includes anything from finger prints/oils to being stepped on. More importantly, Environmental Damage, including such things as exposure to the air, or the wrong kind of air, chemicals in the air, and touching other objects (e.g.: certain plastics, liquids, food) and other coins, which will change the appearance and even structure of the coin. Damage causes loss of Value, which means Your Investment. A slab is an air tight container, and its purpose is Protection.

Reason No 2. To Establish Authenticity.

You want and need to know that your coin is not only the Real thing, but that it has not been altered (changing a mint mark - fraud) or changed, for example by cleaning, polishing, changing the appearance or surface of the coin, in any way that would render your coin unfit to collect. If it is Unfit to Collect, there won’t be many Buyers or Sellers. Many coins graded by lesser companies end up getting Rejected by one of the Top Four for these reasons. (more…)

By Douglas Winter - www.raregoldcoins.com - CoinLink Content Partner

I. What Are Pedigrees and Why Are They Important?

A pedigree is a list that documents the ownership sequence of a specific coin. It is the numismatic equivalent of a legal title chain. In the world of art and antiques, the pedigree of an object is referred to as its “provenance.” On some coins, pedigrees can be traced back to the date of issue. On others, the pedigree information is far more sketchy and may only include recent owners.

Typically, a pedigree refers to a public auction appearance for a specific coin. This is due to the fact that since auctions are public, they are easier for researchers to trace. On many coins, pedigrees will have gaps caused by private treaty sales that are conducted in secret between two collectors, two dealers or a dealer and a collector.

Coins with good pedigrees often command premium prices over coins with no history. There are a number of reasons for this. Numismatics is a hobby in which history plays an important role. Knowing that a coin in your collection was good enough to be owned by a famous or important collector provides pride of ownership and a high level of connoisseurship.

Pedigrees are especially important on very rare coins. On coins that are controversial, such as a 1913 Liberty Nickel or an 1804 Silver Dollar, a lone pedigree serves to establish the fact that a specific coin is genuine. On other coins, it helps to establish if a coin is among the finest known for its specific issue. (more…)

By Douglas Winter - RareGoldCoins.com

Every few days I get asked the question “what should I collect?” I’d like to make some suggestions based on three different budget levels. A quick word on coin budgets before we delve into specifics. As a collector you should not overspend on coins. Buy within the parameters that make you comfortable. Spending $750 on a gold coin doesn’t make you any less of a collector than spending $75,000. I find that many collectors, as they grow more comfortable with their comprehension of the market, find it easier to shift from one budget level up to the next. As always, learn about what interests you as specialized knowledge in numismatics is invaluable.

I. Low Budget ($1,000 per coin and below)

Gold coin collecting was not really designed for lower budget collectors. That said, there are plenty of interesting areas to collect in this price range. Here are three suggestions that I find interesting.

a) Common to Slightly Scarcer Date St. Gaudens Double Eagles in MS63 to MS64

This is a perfect area for the individual who is more of an investor than a collector and who would like to put together a nice “position” in the semi-numismatic market. There is something like 25 different dates of St. Gaudens double eagles available in grades up to and including MS64 for less than $1,000. None of these are rare and this is a collection that can be assembled reasonably quickly. This is also a collection that is perfect for the collector or investor who does not want to interact with coin dealers. I would have no problem telling a new collector that he would be perfectly safe buying these coins from a reputable Ebay seller or at auction. The only suggestions I would make is that all of the coins should be PCGS or NGC graded and either the Greysheet or recent auction price records should be consulted when deciding how much to spend on each coin. (more…)

A collector who wants “everything,” might want to start with the Eisenhower dollar coin.

“Here’s a series that offers it all. Yet, as a series, it’s probably the most underrated of all. It enjoys little or no respect among most dealers and is seriously and inadequately served,” writes James Barlow in the preface to the CONECA Attribution Guide to Eisenhower Dollar Die Varieties by author James Wiles, published on behalf of Combined Organizations of Numismatic Error Collectors of America.

The Eisenhower dollar is often referred to as the “Ike” dollar, derived from the nickname that, according to various sources, Dwight D. Eisenhower apparently acquired as a child and bore most of his life.