Have you ever heard of coins being certified? What are certified coins? A certified coin refers to a coin authenticated and “graded” by a third party, recognized service. Obviously, scams in this profession are everywhere, since coins can be faked or plated with precious metal rather than contain full gold or silver. Certified coins can be graded by a trusted organization such as ANACS.
After analyzing the coin in question to make sure it is not a forgery, the organization then grades its quality. Coins that have not been taken care of may be labeled as poor or fair, whereas coins with only slight wear might be graded About Good or Good, or even Very Good. Coins that were well preserved and rarely held will be assigned grades of Fine, Very Fine, Extremely Fine or About Uncirculated. Lastly, coins that have been preserved perfectly are labeled as Mint State.
There are also grades for detail and straight grades that are problem free. Other distinctions that might be used include genuine PVC and N8 for non-eligibility or N9 for questionable or altered coinage. It is imperative that you take care of coins if you are planning to collect rare finds and profit from them. Collectors are warned not to hold coins without protective devices and not to clean then, because of the threat of ruining fine detail.
In coin collecting and bullion buying, you will often hear the word “certified.” Is there a difference when used in these contexts? Yes, certification of bullion is not the same thing as authenticity and grading certification. Bullion certification is only concerned with precious metal and authenticity. The certification process is easier for bullion since the issue is primarily one of honesty and tradability. In addition to precious metal content verification, coins must contain the exact amount of gold as stated if they are to be officially certified.
When you’re discussing certified coins in rare collectibles, you are more concerned with the story of the coin, the popularity of it, and the historical relevance, not to mention its rarity. The bullion of the coin is not that grave of an issue. After all, the 1933 Double Eagle coin was recently trumped by a 1794 silver dollar in terms of the highest price ever paid for a collectible coin.
For more information on rare coins and certified coins for bullion and collectibles, talk to a qualified coin dealer.
With the job market being as bleak as it is, there has been more emphasis than ever to buy and sell American made products. Whether it is clothes, electronics, cars, or coffee cups, there are a lot of people out there who feel that if we do not start producing here at home, we may never recover from this recession. I remember seeing a news reporter on television interviewing people at a busy train station in New York City. The reporter challenged commuters to find at least one article of clothing they had on at that moment that was made in the United States. It was rather entertaining watching these people strip down to almost their underwear, becoming desperate to find something with “U.S.A.” stamped on the tag. And it was rather disappointing for me and for them when they could not find a single thing. Not even a sock.
But rest assured that there are some things in fact that are made inside this country of ours. One of those things happens to be the American Eagle gold coins. These coins are the official gold coins of the United States of America and since it is a United States coin, by law it has to be made by gold sources within this country. It was released by the United States Mint in 1986, which when you think about it, is pretty recent seeing as how the U.S. has been around for twice that long. To protect the coins from break-down, the gold is combined with copper and silver alloys when the coins are made. This is because gold in its pure form is too pliable or soft so other metal alloys are added in order to toughen it up. But regardless of these extra ingredients, the American Eagle gold coins still end up at a very healthy twenty-two karat.
The designs on these coins represent America as a whole. One side depicts Lady Liberty holding an olive branch and a torch and the other side shows an eagle clutching an olive branch in its talons and hovering over a nest filled with its family. It is definitely reminiscent of everything that the United States is and everything that it strives to be.
Choosing to work with a good rare coin dealer when you’re building a coin collection is important. It ensures that you’ll get good deals on the coins you buy and that you’ll get what you pay for every time. Before you choose a coin dealer to work with, make sure that the business has these five qualities.