Coin News

How to grade Morgan Dollars for beginners

Morgan Dollars are one of the most popular collector coins ever produced. With a total mintage of 86,730,000 pieces across the board, there isn’t a shortage of Morgan Dollars, though there are some very scarce dates and varieties. These are one of the easier coins to grade, partly due to their large size and fairly routine wear patterns. Here is a simple guide to grading circulated Morgan Dollars: GOOD (G4) A Good or G4 Morgan Dollar will generally have a full rim, full date and most of the detail will be visible.  There may be some letters touching the rim on either side.  Very little hair detail will show on the obverse, and the bottom wing feathers will start to show. VERY GOOD (VG8) A Very Good, or VG8 Morgan Dollar will show a full rim on both sides.  On the obverse more hair de...

How to find out what your coins are worth

Coin pricing is somewhat of an art, and not a true science.  Unlike conventional commodities like gold and silver where you have a somewhat universal spot price to go off of, coins are a whole different beast.  You can find various price guides that may have the same coin in the same condition at all different prices. The price guide of choice for most dealers and collectors alike is called the Greysheet.  The Coin Dealer Newsletter, or “The Greysheet” has been published every week since 1963. Each issue includes all of the latest wholesale market information for actively traded U.S. coins. Prices are tabulated from the most recent sales of the coins.  For over 50 years this has been the standard for pricing for U.S. coins.  While this is the easiest way to obtain U.S. coin pri...

Lincoln Cents continue to cost more to produce than they are worth

Did you know that it now costs more than a cent to produce the Lincoln Cent?  In fact, it’s been over 10 years that the price for manufacturing the U.S. Cent costs more than the value of the coin.  It’s no wonder there have been many rumors of the government ceasing production of the penny, especially in today’s market where a cent is hardly of value. 2005 was the last year that it costs less than a cent to produce the Lincoln Cent.  At that time, it costs 0.95 cents to produce.  This means to mint a roll of 2005 Lincoln Cents at the time, it would cost fourty-seven and a half cents to produce.  The cost has steadily increased through 2007, where it costs 1.65 cents to produce a cent.  After the costs dipped down a little the following year, the costs continued to rise ea...

Why are 1899-P Morgan Dollars so cheap?

As collectors learn over time while trying to fill holes in their collection, some coins are tougher to find than the mintage or price indicates.  They may not be necessarily rare or expensive coins, but often you just can’t seem to find them out there, or when you do they aren’t in the grade you are looking for.  Often, these are coins that are scarcer than their mintage or price indicates, and therefore undervalued and end up going up in price at some point in the future. Quite the opposite is the 1899-P Morgan Silver Dollar.  With an extremely low mintage of just 330,000 coins, it is one of the lowest mintage Morgan Dollars in existence.  In fact, there are only six Morgan Dollars with a lower mintage!  Here is a list of the top ten lowest mintage Morgan Dollars:   1893...

Trump’s Trade Policies Could Cause Surge in Gold Buying

2017 was supposed to be the year of the strong dollar. Even with Donald Trump’s upset victory, business leaders and investors largely expected to thrive thanks to tax cuts and deregulation favored by Trump’s republican camp. But this initially hopeful picture for businesses now looks quite sour. Investors and business-people are now increasingly becoming worried about Trump’s trade policy. There are certain quarters that think the new administration’s anti-international, anti-free trade economic policies will lead to a gold buying frenzy. Trump Vs. Free Trade Donald Trump ran on an ardent anti-free trade platform. He railed against TPP, NAFTA, and wanted to build a border wall between U.S. and massive trading partner Mexico. He tweeted vitriol at China and promised to name America’s larges...

What is the best coin certification service?

In this day and age of coin collecting, more and more people are buying certified coins. There are a lot of positives when buying coins that are certified by a third party grading services (TPG). One of which is the the coin is guaranteed genuine. This is especially important when buying rare or expensive coins. Another pro is the coin is professionally graded, so you know exactly what grade the coin is, though opinions still can vary. Lastly, the coin is protected in an air-tight holder, so it is not prone as much to tarnishing, hazing and corrosion. There have been many, many grading services over the years, but in today’s collecting age, there are four main grading services: PCGS, NGC, ANACS and ICG. The others out there are not worthy of review, as they are too inconsistent, or e...

Silver Eagles gaining popularity

One of them more popular collectible coins right now are the U.S. Silver Eagles. They were first minted in 1986, and having been going strong ever since, and now are in their 32nd year of production. Much like the silver Maple Leaf is Canada’s premier bullion coin, the Silver Eagle is the official silver bullion coin of America and is very popular! It’s no wonder it’s a popular collector and investor coin. Just take a look at her – she’s beautiful! The Silver Eagle is derived from the same design as the Walking Liberty Half, which is considered to be one of the most beautiful coins ever minted. Not only that, but each Silver Eagle has one full ounce of .999 fine silver. This means it will always have at least the value of the current spot silver price.  That m...

2017-P Lincoln Cent – The new kid on the block

Have you checked your change lately? If not, there is a reason to do so. There is a brand new, one year type coin that you can now find in your pocket change! It’s the 2017-P Lincoln Cent. So who cares, right? Every year the newly dated Lincoln Cent comes out and no ones pays too much attention unless their is a design change. This year is different, however, as there has been a slight, but historical change to the coin. 2017 marks the first year ever that the U.S. Mint has added a “P” mintmark to a United States one-cent coin.  As you may know, the Philadelphia used to not use mintmarks on their coins like the Denver and San Francisco Mints.  The first Philadelphia minted coin to bear a “P” mintmark was the 1942-P Silver War Nickel.  They continued using it w...

Certified coins on e-Bay average lower quality

E-bay is one of the hottest places to buy coins online. The selection is endless, the prices are usually on the lower end of the spectrum and it can be fun to bid on coins. While there are many good deals to be had on Ebay, there are some negatives that go along with the positives. Are you one of the many that have bought coins on eBay? Well I am one myself, and have had mixed reviews when it comes to the coins I received. I only buy certified coins on eBay, because I want to be sure at least that the coin is genuine. While there are always pictures of the coins being sold, many times it is hard to see hidden problems with the coins. Even when buying PCGS and NGC certified coins, I have been very surprised at some of the coins I have received. Coins with obvious hairlines from being cleane...