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Tuesday, November 25, 2008

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One of the best ways to arm yourself against the savvy coin dealer is knowing the wholesale prices he pays for his coins. A very widely-used standard in U.S. coins is the "Grey Sheet," sometimes referred to as the "CDN." This is the Coin Dealer Newsletter, which is printed on grey paper stock, and comes out weekly. Most serious coin dealers subscribe to this publication, which lists the "bid" and "ask" values for every major type of U.S. coin, plus mint sets, slabbed coins, and banknotes (called the "green sheet.") "Bid" prices are the prices that dealers are paying if another dealer brings the coins to them. "Ask" prices are the prices for coins a dealers asks to buy. For example, if I call and ask to buy 100 common date Silver Eagles, I'll be quoted the "ask," or selling price. But if I want to sell the 100 Silver Eagles, I'll be quoted the "bid" or buying price. The difference between the two prices is the profit margin. It is quite thin for most coins.
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State Quarters Quiz

The U.S. Mint's ground-breaking 50 State Quarters Program® comes to an end with the issuance of the Hawaii Quarter, which has been on sale at banks nationwide since last week....

Avoiding Costly Mistakes When Building a Coin Collection

Tue, 09 Sep 2008 19:23:51 +0000
CoinLink Content Partner - Pinnacle Rarities
Most new collectors make mistakes when they begin to assemble a collection of coins. Some of these are easily avoidable; others require a “heads up” from an expert. Here are some of the mistakes we see made most often and some practical suggestions on how to avoid them.
I. Buy Third ...]

U.S. Mint's Presidential Dollar Campaign in Four Cities a Failure?

Fri, 14 Nov 2008 17:11:00 +0000
Little Deli in North Austin sees a lot of customers, but it doesn't see many of the new one dollar coins.

"You know, if we get one or two every couple of days, that's about all we're seeing right...



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Unusual Items: Unique “Six Cents” Coin

Tue, 11 Nov 2008 12:34:10 +0000
An amazing “six-cents” coin, with the obverse of the 1859 Indian cent impressed on the obverse of an 1857 half dime with some of the star, date, and Liberty details visible beneath the Indian type; the reverse, though somewhat flattened, is of the host 1857 half dime.
Called Unique by Pollock in his reference on the ...]

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