Legend This refers to the main lettering of the coin or inscription. Mint Mark The letter or sign on the coin that indicates where the coin was minted or struck.
The following might be found on United States coins: Motto The Motto for many US coins consist of 'E Pluribus Unum' and 'In God We Trust'. Older United States coins differ.
Relief This refers to any part of a coin that is raised and not the field. Reverse This is the term offered to the rear end of the coin or the 'tails' side. Rim The outer edge that is a little raised making coins much easier to stack and functions as defense for the face of the coin.
While not an exhaustive list, the items below will serve you well in ending up being a more efficient and extensive coin collector: Every numismatists must have a stellar magnifier. These are vital for identifying the value of a coin, detecting flaws, faults, looking for error coins, along with finding counterfeits.
When dealing with coins you will require to take care how you hold and move them around. I highly suggest you buy a set of soft cotton gloves to use when holding a coin.
A good pair of coin tongs perhaps helpful if you do not want to stress over touching the coin. A great cushioned tray is nice to have when you're sorting through coins and to lay out your collection to show or what not. Of course, an easy towel will likewise work Having an excellent reference book on coin gathering is a must.
Apart from that book, many of the info you will require can easily be discovered online. Other coin collecting books that can be useful are the ones specific to your collection such as a book on Morgan Dollars or US State Quarters etc Probably the most abundant product you will need for your collection is a safe place 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 variety of grades for the Washington quarter.
Half science half art, the skill of grading coins can be discovered with time and usage. The only way to improve at this is to practice, practice, practice. Take your loupe and magnifier and go and go to coin shows and shops to see examples of how various coins are graded.
Specifically prior to you make a big purchase you will want to see various grades of that very same coin to ensure you are getting what you spent for. This is why it assists to specialize in a subset of coins, so if you're only trying to gather 1800 silver dollars, it will make it a lot easier to grade seeing the exact same types of coins over and over.
This was to much better evaluate the rarity of a coin quickly and properly. 5 Elements of Coin Grading This refers to the process of stamping a blank coin for the design.