Coin Collecting Questions and Answers

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                                                 Collecting Coins Makes Cents
                                                       By Tom Stabler



    Pennies, Forints, Sheqels, Farthing, Yen, Cntimos, Kurias, Bani, Leu, Koruna, Peso, Centavos.
Many coins, with many names from many countries. I've traveled extensively in the Middle East and
Central America and have had the opportunity to see and become familiar with the monetary systems
in several countries. For the most part, there aren't many similarities except that they all have bills and
coins representing various denominations.
When you start comparing the rates of exchange between the various countries it can become very
confusing. In the U.S. we have coins in several denominations and they are pretty easy to keep track
of (well for us at least). However, some countries break it down further than 1/100th of the lowest
denomination bill. While we have pennies, nickels, dimes and quarters, as the most popular coins,
some countries have coins that would equate to one half and even one quarter pennies. During my 12
or so years traveling back and forth to the Middle East at the end of a normal day, I would have a
pocket full of coins. Usually I would just throw them in a drawer and leave them for the next occupant
of the hotel room or for the housekeeping staff. Of course at home I put the change in a jar and forget
about it (my wife doesn't).
In comparing the Iraqi dinar to the U.S. dollar, 9 cents equals 100 Iraqi Dinar. Therefore, if you visited
Iraq and converted 100 U.S. Dollars to Iraqi Dinars you would be carrying 117,500 Dinars. Fortunately,
Iraq has 10,000, 20,000 and 50,000 notes that are used as frequently as our one dollar bill. The same
is true of their coins, which many Iraqis do not even bother with as they have extremely limited value.
On the other hand, the Republic of Panama uses U.S. paper money, but has their own coins. The
coins however are the same size, weight and value as our own (and work very well in vending
machines). Maybe that's because they are minted in the United States.
Although I guess you could call what I do "collecting", most people give that word an entirely different
meaning. People collect different coins for different reasons, the coin enthusiasts are basically after the
same types of coins, those that are rare and therefore valuable. Many collectors simply concentrate on
coins from their own countries. The more valuable coins, as you can imagine, are those that have been
discontinued or have minting defects. Many of these were minted for a very short time and in extremely
limited quantities which adds to their value. Other collectors look for coins from many nations but limit
their selections to gold or silver.
www.Coins.TellMeAboutThat.com has information for everyone no matter the level of your experience
or passion for coins. So take a look and you'll find articles, ads, sales and auctions for everything
dealing with coins. Come back often to get the newest updates and be sure to subscribe to my blog to
get periodic information on a wide range of subjects.

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Tom Stabler is a retired Air Force veteran,
with a wide range of interests. Because his
interests are varied, he wants to provide
information to the masses using his site at
www.TellMeAboutThat.com




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                                         Coin Collecting: Coin Collecting Q&As
                                                     By News Canada



Coin Collecting: Coin Collecting Q&As
 by: News Canada

How do I determine if my old coins are worth anything?

Although there are exceptions, most old coins are not particularly valuable unless they are very well
preserved. The best starting place for an idea of their worth is to visit the reference section of your local
library. There are numerous catalogues, some for specific countries. A good general volume is the
Standard Catalogue of World Coins. It offers a complete list of almost everything.

I understand older money is worth more than face value because of the silver content, is that true?

Canadian coins, from those with a face value between 10 cents and $1, and struck before 1968 are
between 50 and 92 percent silver, depending on the coin and year. They are worth a bit more than
face value, depending on the price of silver. If coins are in good condition, the collector's value may be
even higher.

Will I ever find anything valuable in my pocket change?

Possibly. In 1991, only 459,000 25-cent coins were struck (the annual number is usually closer to 100
million). 'Mint State' versions of these coins are worth about $8. The 1973 25-cent coin and the 1969
ten-cent coin were also struck in smaller than normal numbers.

Are coins a good investment?

Yes and no. Some people have made a lot of money buying and selling coins, others have lost
fortunes. If you are serious about investing in numismatics, first spend a bit of time learning. Most
successful investors were knowledgeable collectors first. Good quality coins purchased at reasonable
prices will appreciate, but probably no better or worse than other investments. The difference is that
you'll be buying something you love, instead of things like shares in companies you know nothing
about or T-Bills. Perhaps one day the coin you bought last year will have gone up in value, but the idea
is to buy it so you can enjoy it now, and for as long as you own it.

For more answers to coin collecting questions, and ideas on what to collect, visit the Royal Canadian
Mint website at www.mint.ca.

- News Canada




News Canada provides a wide selection of current, ready-to-use copyright free news stories and ideas
for Television, Print, Radio, and the Web.


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News Canada is a niche service in public relations, offering access to print, radio, television, and now
the Internet media, with ready-to-use, editorial "fill" items. Monitoring and analysis are two more of our
primary services. The service supplies access to the national media for marketers in the private, the
public, and the not-for-profit sectors. Your corporate and product news, consumer tips and information
are packaged in a variety of ready-to-use formats and are made available to every Canadian media
organization including weekly and daily newspapers, cable and commercial television stations, radio
stations, as well as the Web sites Canadians visit most often. Visit News Canada and learn more about
the NC services.




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