You inherited some coins and would now like to sell them. When you have coins for sale, you can be taken advantage of if you have no prior experience with the procedures. Unfortunately, there are people in the coin collecting business that will may try to take advantage of you. We’ve already covered some selling tips in Part 1 of this two-part series, so here are some more to keep in mind when selling the coins you’ve inherited safely and for top dollar: Identification Catalogue & inventory Properly understanding your collection’s value Easy & cheap don’t go hand-in-hand when it…
Canadian Coins
Coin Roll Hunting For Canadian Nickels 101
Coin roll hunting in Canada can turn out to be a both fun and lucrative activity. Is the Canadian nickel worth any money? There are certain coins you’d be wise to keep based on their numismatic and metal value, because coin rolls containing Canadian nickels before a certain date are more valuable due to a higher amount of nickel and because of rarity. Here are coins to be on the lookout for when Canadian coin roll hunting. Coin Roll Hunting Canada: Nickels Minted Before 1982 In the early 1980s, nickel prices increased significantly, making it more expensive to use for…
Selling The Coins That You’ve Inherited – Part 1
If you inherit a coin collection, you have two major options of what you can do with them. One, you could try to keep it and learn more about coins (if you’re not an enthusiast already) in order to expand it. Or two, you could do your best to sell it, hopefully for a profit. Most people who inherit a coin collection opt for selling it, but it can be a troublesome challenge. There are many ways you can get yourself taken advantage of and ripped off, which is why you’ll be able to get some great tips for avoiding…
Everything You Need To Know About Coin Flips
Coin flips are small plastic, Mylar or PVC pockets that fold in half and are designed to hold coins. They usually measure five centimetres when folded, but can be found in an array of other different dimensions. A dealer or collector will typically take a coin and put it in the pocket on one side of the flip, and use a small piece of card or paper known as an insert to put in the other pocket to help identify the coin. In addition to coin flips, coin rolls in Canada are also considered a good way to store your…
Coin Collecting: Finding That Unique Gift
A coin set can be a unique and refreshing gift that one can treasure and value for years to come. Coin collectors have a great interest in countless coins and sets, many of which are purchased as gifts rather than collectable pieces. If you are struggling with choosing the perfect present for that special someone, but aren’t looking to gift them flowers that will wilt after a few days, you should definitely consider opting for a rare and affordable Oh Canada coin series sets. If you need inspiration, here are some interesting collections that are available from Colonial Acres Coins:…
Coin Collecting Tips: How to Sell Your Coins
When It comes to coin collecting, there are some things everyone should know. Selling your coins can either result in a good profit or significant loss. Factors such as: your negotiating skills, level of urgency, the coins you are interested in selling, all have an impact on the price of the coin. Visit Colonial Acres for more information, and pay attention to the following coin selling tips in the meantime: Sell at the right time Be on the lookout for auctions Think about leaving your holder coins in old holders Make an emergency plan just in case Do your pricing…
Taking a closer look at 7 Canadian Banknote Series
The formation of the Bank of Canada in 1935 signified the creation of modern Canadian paper money. Seven different series of banknotes have been produced by the Bank of Canada since its inception. Let’s take a look at those series ranging from commemorative notes to regular currency. 1935 Series On the day it opened for business on the 11th of March 1935, the Bank of Canada released the first series of banknotes, which included a $25 Commemorative Note, as well as; $1, $2, $5, $10, $20, $50, $100, $500 and $1000 notes. In addition to one set having been made…
Real or Fake Currency? Guidelines to Follow
For collectors and traders, the greatest threat is fake currencies circulating online. Finding out that you bought fake coins can be a frustrating and devastating experience. You have to be extra careful and pay attention to the coins or banknotes you’re buying. Detection methods that worked today may not work tomorrow, as fraudsters are always changing their techniques. Here are some ways to protect yourself from frauds regardless of whether you’re collecting Canadian coin currency or that of other countries: Thoroughly examine the print Be informed about different currencies Adopt an analytical mindset when looking at the features Only buy from…
How To Protect Yourself From Counterfeit Coin Purchases
In addition to being fun and lucrative, collecting coins is an activity that comes with a number of other benefits. However, there are also downsides to becoming a coin collector. One of the most frustrating and unfortunate ones is coming across counterfeit coins. Counterfeiting involves creating false paper money and coins that resemble real coins to the tiniest detail. There are many collectors that have come in contact with counterfeit pieces, especially when it comes to Canadian coin currency. But, there are ways you can protect yourself against it. Canadian Coins: What Can You Do To Safeguard Against Counterfeit Coins?…
Canadian Coin Basics: Coin Terminology
Getting into numismatics can be done in different ways. Becoming a collector typically starts with acquiring several pieces of valuable or rare coins and working your way from there. Because collecting coins is both a popular hobby and a full-time profession, there are numerous terms and words that are unfamiliar to beginners and first-time collectors. Canadian coins, in particular, exist in many different shapes, sizes, designs, and values, so it is good to pay attention to the terminology. As far as first steps go in getting a good start in coin collecting, learning the terminology is among the smartest ones….
