logo
g Text Version
Beauty & Self
Books & Music
Career
Computers
Education
Family
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
Money
News & Politics
Relationships
Religion & Spirituality
Sports
Travel & Culture
TV & Movies

dailyclick
Bored? Games!
Nutrition
Postcards
Take a Quiz
Rate My Photo

new
Action Movies
Bible Basics
Houseplants
Romance Movies
Creativity
Family Travel
Southwest USA


dailyclick
All times in EST

Low Carb: 8:00 PM

Full Schedule
g
g Coin Collecting Site

BellaOnline's Coin Collecting Editor

g

Becoming A Numismatic


Numismatics is the study of money, medallions, banknotes, token coins, and stock certificates. It is believed to have been established in the time of Julius Caesar who wrote the first book about it. It is a very interesting topic because every medal or coin signifies different eras, cultures, economies, and politics.

Numismatists or people who study the history and overall appearance of the above mentioned forms of currency are different from coin collectors. Unlike numismatists, coin collectors are only interested in collecting coins and the prestige that goes with it. However, a numismatist can also be a coin collector and vise versa.

Over the years, coin collecting has become very popular. The most common designs are famous people and animals and attempt to depict the era when the specific coin was released.

Numismatists are generally interested in the use of money, its origin, appearance, variety, and production. They aim to explore the role of the different kinds of currency in our history using a Mint. Mint refers to the place or facility where the coins are being manufactured. They also grade or authenticate coins to determine its market value. In line with this, coin grading system facilities were established.

At this time there are numerous coin grading services or companies. However only a few have a stellar reputation. A couple of these are the PCGS or Professional Coin Grading System and NGC or Numismatic Guaranty Corporation.

PCGS is a third party institution that was established in 1986, which grades and authenticates coins mainly for commercial purposes. They are an independent body providing expert opinion in rating a coin. NGC is also a premier third party institution offering services solely to numismatists. It was established in 1987.

PCGS has a smaller department refered to as PMG or Paper Money Grading which is solely for the authentication of paper money.

When coin collecting was not that popular as a hobby, there were only 3 categories to which a coin could fall:

1. Good—which means that the coin has all the details intact.
2. Fine—which means that the coin has all the details intact and still has a bit of luster visible.
3. Uncirculated—which means that the coin was never put up in the market thus maintaining its original appearance.

However, today coin grading has evolved and is becoming more definite. They use combination of letters and numbers that corresponds to the quality of a coin. As of this time, the coin grading system of the United States is the easiest to use and is recommended for beginners.

Of course grading coins is both an art and a science. Yes there is a set system or standard for assigning a grade to a coin, but it is still an art due to the coin grader’s own grading decision on what grade to assign to a coin.

Knowing how to grade a coin properly requires knowledge, exposure and obviously certain skills. For coin collectors, the ability to grade a coin is a must because the value of a coin largely depends on it.

Add Becoming+A+Numismatic to Twitter Add Becoming+A+Numismatic to Facebook Add Becoming+A+Numismatic to MySpace Add Becoming+A+Numismatic to Del.icio.us Digg Becoming+A+Numismatic Add Becoming+A+Numismatic to Yahoo My Web Add Becoming+A+Numismatic to Google Bookmarks Add Becoming+A+Numismatic to Stumbleupon Add Becoming+A+Numismatic to Reddit




RSS | Related Articles | Editor's Picks Articles | Top Ten Articles | Previous Features | Site Map


For FREE email updates, subscribe to the Coin Collecting Newsletter


Past Issues


print
Printer Friendly
bookmark
Bookmark
tell friend
Tell a Friend
forum
Forum
email
Email Editor


Content copyright © 2014 by Gary Eggleston. All rights reserved.
This content was written by Gary Eggleston. If you wish to use this content in any manner, you need written permission. Contact Gary Eggleston for details.

g


g features
Trash Or Treasure

Silver 1855 Trime

Learn How To Grade Coins

Archives | Site Map

forum
Forum
email
Contact

Past Issues
memberscenter


vote
Poetry
Daily
Weekly
Monthly
Less than Monthly



BellaOnline on Facebook
g


| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2014 Minerva WebWorks LLC. All rights reserved.


BellaOnline Editor