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    Value A Coin
    Value A Coin
    Value A Coin
    Ebook62 pages49 minutes

    Value A Coin

    By Richard W. Avery

    5/5

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    About this ebook

    Like the old saying goes, "Money makes the world go 'round." We use it every day. We could not acquire most necessary items needed in daily life without it. We almost always want more of it, but for coin collectors, money is much more than a piece of metal. It is a hobby, a learning experience, and can be a lifelong obsession.
    There really are no hard statistics on the amount of people who collect coins in the world. Some people suggest that one out of every 10,000 people is an active coin collector. That is pretty staggering when you think about the population of the world. People have been collecting coins for years. At one time, it was called the hobby of kings, but today people from all walks of life and of all ages are maintaining coin collections.
    Their reasons are varied. Some like the history behind coinage. Some do it to amass a collection worthy of handing down to future generations. Still others are simply businesspeople buying and selling coins to make a living. Collecting coins can be somewhat of a treasure hunt for many. The quest for that one coin to complete their collection can be an obsession.
    Whatever the reason, coin collecting is a very popular hobby, one that can be pursued by all age groups. There are actually educational benefits to getting children started as coin collectors.
    The practice of numismatics that is, the collection and study of coins, paper money, tokens and medals, offers the collector many different areas to specialize in. With the many specializations of coins, there is a wealth of material out there for coin collectors to concentrate on which makes it such an interesting and diverse hobby.
    In this book, we will explore the phenomenon of coin collecting and give you ways to get started on your own collection. There are many, many nuances of the hobby and it is almost impossible to give you all the information you will need to become a seasoned collector. What we have done is give you enough to get started in this rather enjoyable activity. So enjoy your ebook "VALUE A COIN"
    LanguageEnglish
    PublisherOtbebookpublishing
    Release dateDec 27, 2015
    ISBN9783943686043
    Value A Coin

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      Book preview

      Value A Coin - Richard W. Avery

      VALUE A COIN

      By

      Richard W. Avery

      BECOME A COIN COLLECTOR 

      COIN COLLECTING  FOR PROFIT AND FUN 

      COLLECT RARE COINS AS A HOBBY WITH 

      THIS COIN COLLECTOR'S GUIDE

      COPYRIGHT 2012

      OUTSIDE THE BOX ebook publishing eISBN 978-3-943686-04-3 

      INTRODUCTION

      Like the old saying goes, Money makes the world go ‘round.  We use it every day.  We could not acquire most necessary items needed in daily life without it.  We almost always want more of it, but for coin collectors, money is much more than a piece of metal.  It is  a hobby, a learning experience, and can be a lifelong obsession.

      There really are no hard statistics on the amount of people who collect coins in the world.  Some people suggest that 1 out of every 10,000 people is an active coin collector.  That’s pretty staggering when you think about the population of the world.

      People have been collecting coins for years.  At one time, it was called the hobby of kings, but today people from all walks of life and of all ages are maintaining coin collections.

      Their reasons are varied.  Some like the history behind coinage.  Some do it to amass a collection worthy of handing down to future generations.  Still others are simply businesspeople buying and selling coins to make a living.  Collecting coins can be somewhat of a treasure hunt for many.  The quest for that one coin to complete their collection can be an obsession.

      Whatever the reason, coin collecting is a very popular hobby – one that can be pursued by all age groups.  There are actually educational benefits to getting children started as coin collectors.

      The practice of numismatics – that is, the collection and study of coins, paper money, tokens and medals – offers the collector many different areas to specialize in.  With the many specializations of coins, there is a wealth of material out there for coin collectors to concentrate on which makes it such an interesting and diverse hobby.

      In this book, we will explore the phenomenon of coin collecting and give you ways to get started on your own collection.  There are many, many nuances of the hobby and it’s almost impossible to give you all the information you’ll need to become a seasoned collector.  What we have done is give you enough to get started in this rather enjoyable activity.

      Let’s look at VALUE A COIN.

      SOME FUN FACTS ABOUT COINS

      There are approximately $8 billion worth of coins circulating in the U.S. today. In the past 30 years, the U.S. Mint, who is responsible for designing and producing the nation’s coins, has minted over 300 billion coins, worth about $15 billion!

      Since its creation in 1792, the U.S. Mint has grown into a large enterprise with more than $1 billion in annual revenues and 2,200 employees. It is by far the world's largest manufacturer of coins and medals, producing coins not only for the U.S. but on behalf of several other countries as well.

      It can be interesting to know how coins are minted.  In order to make coins, the U.S. Mint purchases strips of metal (rolled into coils) in the proper dimensions and thicknesses.

      Zinc metal strips coated with copper plating are used to make pennies. Strips used for nickels are comprised of a 75% copper, 25% nickel metal alloy. Dimes, quarters, half-dollars and dollar coins are produced of strips consisting of three metallic layers fused together. The outer layers of these strips are comprised of the same alloy as that used for nickels with the third (core) layer being comprised of copper.

      The first step in the coin making process involves the feeding of the metal strips through what is known as a blanking press. This press punches out cut

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