Anatomy of a Coin The coin revealed below is a 1952 Franklin Half Dollar. Knowing the coin anatomy terms are the basics when talking with other collectors or dealers.
Legend This refers to the main lettering of the coin or engraving. It will normally mention the country where the coin originated from. Mint Mark The letter or symbol on the coin that shows where the coin was minted or struck. In the United States, single letters are used to find the city.
The following may be found on United States coins: Slogan The Slogan for many US coins consist of 'E Pluribus Unum' and 'In God We Trust'. Older United States coins differ. Obverse This is the term offered to the front of the coin or the 'head' side. Picture Most likely the defining item of the coin is the picture on the Obverse side.
Relief This refers to any part of a coin that is raised and not the field. Reverse This is the term provided to the rear end of the coin or the 'tails' side. Rim The outer edge that is a little raised making coins easier to stack and acts as protection for the face of the coin.
While not an extensive list, the products below will serve you well in becoming a more effective and extensive coin collector: Every numismatists need to have a stellar magnifier. These are vital for determining the value of a coin, identifying defects, faults, looking for error coins, along with identifying fakes.
When dealing with coins you will require to take care how you hold and move them around. I extremely suggest you purchase a pair of soft cotton gloves to utilize when holding a coin.
A nice pair of coin tongs maybe helpful if you do not wish to stress over touching the coin. Likewise, a good padded tray is nice to have when you're sorting through coins and to set out your collection to reveal or what not. Naturally, a simple towel will likewise suffice Having a good referral book on coin gathering is a must.
Apart from that book, many of the information you will need can easily be found online. Even the Red Book is obsoleted once it goes to press, and sites such as PCGS will have all the rates requires you are looking. Other coin collecting books that can be useful are the ones specific to your collection such as a book on Morgan Dollars or United States State Quarters etc Most likely the most abundant product you will require for your collection is a safe location to keep your coins from being damaged.
How to Value and Grade a Coin Coins are graded on a numerical scale from 1 70 called the Sheldon Scale of coin grading. Below are some sample coins on a range of grades for the Washington quarter. Images courtesy of ha. Below that is a table that reveals the grading scale, abbreviations, and description of each state.
Half science half art, the ability of grading coins can be discovered with time and usage. The only method to improve at this is to practice, practice, practice. Take your loupe and magnifier and go and go to coin programs and shops to see examples of how different coins are graded.
Especially prior to you make a big purchase you will wish to see several grades of that same coin to guarantee you are getting what you paid for. This is why it helps to concentrate on a subset of coins, so if you're only trying to collect 1800 silver dollars, it will make it a lot easier to grade seeing the very same kinds of coins over and over.
This was to much better evaluate the rarity of a coin quickly and accurately. 5 Elements of Coin Grading This refers to the procedure of stamping a blank coin for the style.