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Investment In Coins and Banknotes

Posted on: Sep, 09/22/2012

There are a number of reasons that the majority of collectors don’t gravitate towards coins that are damaged or notes that are heavily torn.

The first is that items like this just look plain awful!

We all often associate damage with accidents or injury, or even worse, with intentional vandalism.

Damaged 1923 Halfpenny

Collectors really aren’t interested in owning much less admiring a coin or note that might’ve been damaged through rotten luck or outright malevolence, so they pass damaged items by until they see a coin or note that catches their eye.

Often, when collectors do end up owning a...

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Posted on: Sep, 09/21/2012

Collecting Coins

Just why otherwise normal people spend perfectly good money on collectible coins is a very good question.

If you’re able to understand why people collect coins, you’ll be better work in with your fellow collectors, and better positioned take advantage of the many opportunities that are available.

If you’re looking for a quick answer that will tell you how to make a fortune in this market, you’ll probably want to skip this section. Stick with it though – you’ll give yourself a much better chance of being successful if you get a good understanding of what presses the average collector’s buttons.

The instinct to collect runs deep in many of us – collecting is a compulsion that can’t always be explained clearly, let alone be controlled by rational...

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Posted on: Aug, 08/17/2011

Many dictionaries state that the word “provenance” comes from the French word “provenir” (to come from), and is variously used to describe the origin or the source of something (wine and even fresh meat are two topical examples), or covers to the history of the ownership of an object (as in the case of art or collectibles).

In numismatic terms, a provenance provides a chronology of previous owners, and often the channel through which the item was purchased.

Documented evidence of provenance can help establish that a coin or note is genuine, has not been altered, and that it comes with good title.A provenance can not only establish the background to a coin, but it can confirm the importance that a coin had in the collections it was...

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Posted on: Aug, 08/14/2011

Many folks new to the numismatic market believe that a complete set of a particular series of coins or banknotes is a wondrous thing – they’re of the opinion that once all the gaps in a set are filled, the jackpot wheels start spinning. Experienced collectors of course know that that’s quite true, well not quite.

One dictionary definition of the term “collect” is “to obtain and keep objects of similar type because of their interest, value or beauty.”

It follows then that the aim of most collectors is to obtain a representative example of each similar item within a particular series, and then present it in a way that enhances the interest, value and beauty in each item. Ask any collector – there’s nothing more rewarding than to look...

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Posted on: Sep, 09/09/2010

As someone that attends all of the major numismatic trade shows around the country; as a dealer that interacts with dozens of collectors of all stripes each day of the week; as an active eBay seller and is currently Secretary of the Australasian Numismatic Dealer's Association (ANDA), I get to see a reasonable range of coins and notes, and hear a range of views of what's going on in the market.

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Posted on: Oct, 10/03/2009

For many collectors, the term investment is something of a dirty word - the very thought of their passion for history, art or self-expression being commercialized hits them in the gut as being revolting.

How can a price be put on good taste?

How can we even contemplate a personal memory as being more or less valuable than another?

Although these sentiments are indeed understandable and perhaps even honorable, the fact remains that money does indeed make the world go round, or at least it plays a fundamental role in life in an advanced Western society in the 21st century.

There are others though that sagely opine that certain sections of the numismatic world are no longer the domain of the collector, but are now the sole province of the investor - this is principally due to the...

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Posted on: Jul, 07/08/2009

Several popular investment newsletter writers recommend that investors buy silver bars and “junk silver coins” as a hedge against economic & monetary uncertainty. Buying kilo bars of silver in Australia is easy enough – you just need to get in touch with the Perth Mint or the bullion dealer in your local Yellow Pages to get as many as you want. But many Australians have no idea what “junk silver coins” are, whether we have them in Australia and where can buy them.

“Junk silver coins” is a term used in North America to refer to bulk quantities of silver coins that were actually used as legal tender in the US prior to 1965, and are now traded in bulk for their silver value. The “junk” part of the name refers to the fact that these coins don't have any...

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