April 24, 2007

Finding and Collecting Lost Coins

Tip! Numismatics - the very name sounds mysterious and evocative. In simple terms, numismatics covers the science and study of coins, cash, and other legal tender, as well as medals, tokens, and medallions.

Some folks have spent several years of their lives collecting valuable and rare coins. They store them in special books that are designed for this purpose, or they keep them in a bank vault, taking them out only on occasion to enjoy their prized possessions. Perhaps one day the coins will be passed down to a family member or be sold for profit.

But there is an easier way to search for lost coins for gain. While they do not have the value of old or rare coins that are recognized and prized by antique collectors, they nevertheless offer their own special challenge and sometimes render an unexpected dividend when one turns out to be a rare find.

Set aside a sturdy container for your soon-to-be-found coins. Make sure it can’t tip, become misplaced, or get broken by excited kids or a pet. Then start your own treasure hunt as you find time. You can take a few minutes each day, or you can save this hobby for a period of several hours after work or over the weekend on occasion. Don’t expect to find a lot all at once. Rather, be prepared to put in the time that will gradually lead to a harvest of riches.

Tip! I find it amazing that the interest and popularity of challenge coins and challenge coin displays keeps rising. I get many questions about military challenge coins so I have decided to gather some valuable tips for you.

You can get a silver locating device or a magnetic pole for finding loose coins in ditches, under cars, or in other hard-to-reach places. Or simply rely on your eyes to identify those gleaming metal circlets of potential wealth. Start in your home. Check under the sofa and chair cushions as well as under these large pieces. Look beneath the dressers, on closet floors, in all the household drawers, and inside the pockets of various clothing.

Little by little, expand your search. Check your car thoroughly, including between and under the seats. Don’t forget the toy box, basement, and attic. Look under the porch and on the patio, examining the cushions if you have them there, as well. Keep an eye on the sidewalk or parking areas of public places. You might find coins at the mall or in any kind of community area or store. Of course, if you see the owner drop a coin, be sure to hand it over. Don’t allow yourself to spend the money you find. Instead, place it in your container for this purpose and save it as long as possible. One man saved more than $2,000 over a twenty-year period.

Tip! One good form of investment is to buy rare coins that over the years have grown in value. This type of coin, particularly in the United States, boasts extraordinary value presenting a wonderful opportunity for rare gold collectors.

Jaycie Graham is the owner of Fair
Coins which is a
premier source of information about Coins. For more
information, go to: http://faircoins.com

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