Blog Archives

Free Coin Collecting!

January 22, 2009

So, you are interesting in coin collecting.  People get involved in collecting coins for many different reasons.  But the best part, is that you can do coin collecting for free! Some people are just naturally interested in learning about the history of coins and the many different aspects that comes with collecting them.  However, most people need a little push to get involved in this wonderful hobby.  This push may come one day when you happy to find an old coin in your pocket change.  Maybe you found a Mercury dime in your change one day and you started doing some research and discovered how interesting it can be.

Or perhaps you found an old jar of coins at your grandfather’s house and discovered many old coins from a different era that you had never seen before.  Or perhaps you were lucky enough to be given a collection from a relative that was ready to pass on the joy of collecting to you.

No matter how you got started, there are a few things that can help you on your way.

First, look at all the coins that pass through your hands!  You might be surprised to find what is still available in public circulation.  Perhaps it will be a Buffalo Nickel or a War Nickel, or perhaps something even older.  The key is to always be looking; you will be able to get a great start to your coin collection by simply looking in your pockets.

Its always a great idea to start a collection booklet.  You can find one of these basic coin collecting booklets at your local coin store or online.  Essentially, it always you to get all the most common coins from each issue and keep them in a booklet.  This will get the excitement started for you.

Then as you have a little more time and money, you can start purchasing coins that you are interested in.  Again, you can purchase many coins from local dealers or at trade shows.  There is also a very active community of buyers, traders, and sellers online.  You are likely to find just about all the coins you want online.

However, you should also use caution when purchasing from someone you don’t know.  Make sure to check there credentials and do your research on the actual quality of the item being purchased.

Most of all though, coin collecting should be fun, so whether or not you ever actually go out and buy any coins; just have a good time!

After the Buffalo Nickel

January 21, 2009

The nickel that was coined AFTER the buffalo nickel, was the President Thomas Jefferson nickel from 1938 to present.  From 1938 to 2003 Monticello was featured on the reverse.  However, one interesting aspect of the Jefferson nickel is that from 1942 to 1945 the actual metal makeup of the coin was 35% silver (these are also called “War Nickels”.)

War Nickels from this time period have become very collectible because the value of silver has gone up so much since that time.  In fact, right now a nickel from 1942 to 1945 have a metal value of nearly 63 cents!  That may not seem like much, but that over a 1200% increase in value over what its face is worth.  To see what the current value of these War Time nickels are worth, check out: Current Melt Value of Coins.

Some of these other coins that were also produced using silver was the Mercury dime from the years 1916 to 1945.  So, if you can find a dime from this era, you should be very happy indeed.  In addition, the quarter from 1932 to 1962 was made partially from silver; and therefore its intrinsic worth has skyrocketed to over $2!

The silver half dollar from 1916-1947 and the silver dollar from 1964 to 1970 have also become quite valuable.  However, times have changed now, and coins are no longer made from such valuable metals.

The great thing about many of these coins listed above, is that they are still in circulation!  You might be able to find some in your loose change or in your couch cushions.  You may have thought that you just had a quarter, but actually could have a piece worth $2 or more.

In fact, there is a very active community that buys, sells, and trades, many of these pieces online.  So, if you happen to run across any of these silver coins (even if they are not Indian Head Nickels), you will have no trouble selling it; if you choose to do so.  It could also become a valuable investment if you decide to hold onto it and watch the price of silver increase (hopefully!)