Origin of Coins and Numismatists
What is the Difference Between a Coin’s Price and its Value?
Proof and uncirculated coins are not the same and the terms are not interchangeable. During production, the two types of coins employ different striking methods. Proof coins are produced when specially prepared planchets are struck at least twice by specially polished dies. The end product is a coin with a highly mirrored field and very frosted detail. Proof coins are struck for, and generally sold to collectors. Proof coins can be found in circulation if someone has unknowingly, or sometimes purposefully, removed these coins from their holders and used the coins as legal tender.
Coin Collection The Art Of Numismatics
The first known coin collector was Petrarch, who lived way back in the 15th century. A century later, Hubert Goltz visited a number of coin collectors throughout Europe and estimated that were approximately 960 collections in total. Numismatics gradually became a favorite hobby of royalty. Francis I of Austria wrote about his collection of gold coins in 1756. The British Museum established one of the first coin catalogues. From this have emerged more than 100 publications dev…
A Case Of Coin Telemarketing Fraud: Here’s What I Shoulda Done
One day back in 1985, I received an unexpected phone call at my office from a man named Gordon Carl (not his real name but whose real name Ill never forget). The thing that initially struck me the most about the polished Mr. Carl was his heavy New York accent, like something you might hear in a gangster movie. The purpose of his call: to offer me a great deal in rare coins. As a result of that conversation, I agreed to purchase five 1943 Walking Liberty half dollars Mr. …