Patriotic Silver Coin

Memorial Day Sale with 10% Off Any Order.

In honor of the men and women who have boldly served our country, we are having a Memorial Day Sale. Receive 10% off any order placed throughout the website at GovMint!
Offer is valid on any product.

GovMint Memorial Day Sale
Coupon Code AFF10%

This offer is set to run through June 1, 2009.

Featured Patriotic Coins:

Greatest Generation Silver Commemorative
Nationally Advertised for 50% More!

1991-95 WWII Silver Commemorative
Less than 1% Rated Proof 69 or 70!

Tribute to U.S. Military Commemorative Collection
Limited Supply Available!

GovMint Coupons

From time to time we publish coupons and other sales event information from GovMint which can only be found online or by other sales partners. They also offer a Preferred Customer Club that will give you access to rare and historic coins that are only available through their catalog.

GovMint.com is one of the industry leaders with an extensive collection of coins and currency from around the globe. Featuring both modern and ancient coins in a variety of precious metals, rare and historic coins and currency, as well as recent day collectibles.

They have been in business for 20+ years and have a proven track record for excellence in Numismatics. We are affiliated with the top trade organizations in the numismatic industry. Members of the following organizations: American Numismatic Association, Industry Council of Tangible Assets, Inc., Better Business Bureau of Minnesota. You can shop with confidence knowing that GovMint.com is committed to the highest standards of quality, service and value.

GovMint.com sells unique and collectable coins and currency from the around the world. Whether your referred visitors are an experienced collector or a first time purchaser, you’ll shop with confidence knowing all of our products are backed by a 30-day money-back guarantee.

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How Much is a Krugerrand Worth

Gold Krugerrand prices fluctuate in accordance to the value of basic gold prices. It is a great hedge against inflation, but also consider that price and demand can affect it’s price. The best value can be found at an auction where price and demand can increase it’s value. Thus, you can get the both of worlds. In a recession the price of gold will increase because of the fear that the price of the dollar usually decreases. When fear is at it’s highest peak, this is when you will want to sell gold and buy equities.

Krugerrand is more of a collectible coin and has alot more value than gold because of it’s rich history. It is a legal currency in South Africa but not to be used as legal tender currency in the US. They are only available in gold, no silver krugerrand exists as an official bullion coin.

Buy Krugerran here.
You get a better value by buying Krugerrand coins versus buying other types of gold bullion coins. There is about a 5 to 10 percent difference in price and you get the collectibility of the Krugerrand. It is a unique coin for any collector.

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About Proof Sets

Preparation of a proof striking usually involves polishing of the dies. They can usually be distinguished from normal circulation coins by their sharper look and design, as well as much smoother “fields” - the blank areas not part of the coin’s design.

The dies for making modern proof coins are often treated with chemicals to make certain parts of the design take on a patina.   The polished fields take on a mirror finish. Several other methods have been used in the past to achieve this effect, including sand blasting the dies, and matte proofs. Proof coins of the early 1800s even appear to be scratched, but it was part of the production process.

Most proof coins are double struck. This does not normally result in doubling that is readily observable, but does result in the devices being struck fully.

Importance

Importance of Bullion Buying

Gold and silver are often seen as a hedge against both inflation and economic downturn. Silver coins have become popular with collectors due to their relative affordability, and unlike most gold and platinum issues which are valued based upon the markets, silver issues are more often valued as collectables, far higher than their actual bullion value.

Commemorative Coins Information

Commemorative coins are coins that were issued to commemorate some particular event or issue. Most world commemorative coins were issued from the 1960s onward, although there are numerous examples of commemorative coins of earlier date. Such coins have a distinct design with reference to the occasion on which they were issued. Many coins of this category serve as collectors items only, although some countries are also issuing commemorative coins for regular circulation. Vast numbers of thematic coins are continuously being issued, highlighting ancient monuments or sites, historical persona, endangered species etc. While such thematic coins may or may not commemorate any particular event or jubilee, the distinction between commemorative coins and thematic coins is sometimes ignored.

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Coin Grading Services

Grading services will grade coins and place them in a labeled, air-tight plastic holder.

Two highly respected grading services are the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading service (PCGS). Damage of any sort (e.g. holes, edge dents, repairs, cleaning, re-engraving or gouges) can substantially reduce the value of a coin. Specimens are occasionally cleaned or polished in an attempt to pass them off as higher grades or as uncirculated strikes. Because of the substantially lower prices for cleaned or damaged coins, some specialize in their collection.

 

Grading Categories (from Wikipedia)

(from Wikipedia)

Mint State (MS) 60–70: Uncirculated

About/Almost Uncirculated (AU) 50, 53, 55, 58

Extremely Fine (XF or EF) 40, 45

Very Fine (VF) 20, 25, 30, 35

Fine (F) 12, 15

Very Good (VG) 8, 10

Good (G) 4, 6

About Good (AG) 3

Fair (FA, FR) 2

Poor (PR, PO) 1

 

Proper Evaluation

When evaluating whether to buy a coin, it is important to develop a system for finding the best coin for the type you are looking to buy. As good system to use is to follow the following steps: 1) determine whether the coin has superb eye appeal; 2) check the rim for dents; 3) examine the surface of the coin for unsightly scratches or other blemishes; 4) determine whether the coin has nice luster; 5) determine whether the coin has nice toning; 6) determine whether the coin has full details. If the coin meets these requirements, you have found a good coin to purchase.

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Coin Grading System

History and Basics of the Coin Grading System

Coin collecting is a form of enjoyment dating back to ancient times. Kings and Emperors minted and collected coins as gifts for visiting dignitaries. While saving and collecting coins due to their value goes back to the beginning of coinage, collecting coins as art was a later development. Known as the “Hobby of Kings” and the “King of Hobbies”, modern coin collecting is generally believed to have begun in the fourteenth century.

Numismatics reached its peak during the Middle Ages and the early Renaissance due to great demand. In this period, ancient coins were collected by many European Kings, Princes, and nobility.

Coin grading has evolved over the years to a system of finer and finer grade distinctions, particularly when talking about United States minted coins.   In the beginning, people collected the rare ancient coins of which there were two grades, new and used.

This evolved for a time to the letter grading system beginning with the lowest grade – Basal State (also Poor (PO)), then continuing Fair (Fr), About or Almost Good (AG), Good (G), Very Good (VG), Fine (F), Very Fine (VF), Extra Fine (EF or XF), Almost or About Uncirculated (AU), Uncirculated (Unc) and up to Brilliant or Beautiful Uncirculated (BU). Gem Uncirculated was roughly equivalent in usage to BU at that time.

William H. Sheldon in his book Penny Whimsy is credited with coming up with the Sheldon Scale in the 1950s, a numeric system going from 1-70. It was intended to be a reflection of the value of a 1794 Large Cent, which was then worth $1 in Basal State and $70 in Uncirculated MS-70.

This numerical system was used primarily within the community of large copper coin collectors (a very specialized part of numismatics that often has its own ideas about quality and grading compared to the rest of the coin collecting community) until the mid 1980s.

Grading systems improved such in the 1980’s to become a true science.  But still only the collector knows for sure what the coin is worth when and if he accepts the strike price.

The advantage of doing business in an auction is another approach to getting a better sales price for higher grades.  It gives you the opportunity to strike the price and see if the seller will reach your level of expectation.  As a seller, you can have price protection by enabling a Reserve Price.  In times of uncertainty, cash is king and this is the collector’s opportunity – thus willing sellers want your trade.

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