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Tips For Starting Your First Coin Collection

If one of your New Year’s resolutions is to start a coin collection but you’re not sure where to start, here are some tips from the staff at West Seattle Coins and Bellevue Rare Coins.

First, choose a series of coins you would like to collect. Start small, with modern coins, before jumping into more rare and valuable coins. Some good options are State Quarters, Lincoln Cents, Jefferson Nickels or Roosevelt Dimes. These coins are all in circulation and can easily be found in your pocket change. This way, your investment is minimal while you test the waters and learn a bit more about the ins and outs of collecting. Coin albums are a great way to organize, store and display your collection. They contain slots for each coin you will need to complete the series, which makes it easy to keep track of your progress.

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Rare Glass Penny Expected to Fetch Over $30,000 at Online Auction

An experimental all-glass penny manufactured in 1942 is coming to auction. Estimates have the penny going for $30,000 and up. The January 5th auction is offered online by Heritage Auctions.

Heritage is presenting a public auction of rare coins and paper money of which the glass penny is one of the featured attractions.
“The present 1942 glass experimental piece is the only intact example discovered in nearly 75 years since the experiments,” said Mark Borckardt, Senior Numismatist and Cataloger at Heritage Auctions. “Although glass was never used for emergency U.S. coinage, this piece represents a unique artifact of the ingenuity and determination of Mint officials and private industry.”

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Coins Tossed Into Hennepin County Government Center Pool Aren’t Just For Wishes

A timely article from the Star Tribune regarding those coins you throw into wishing pools …

Coins tossed by people into the pool in the atrium at the Hennepin County Government Center in downtown Minneapolis aren’t just for making a wish.

Four times a year, crews clean out the reflecting pool in the center of the government center’s skyway level and collect the coins, donating the money to local charities.

On Tuesday, crews emptied the pool and collected the coins for Minneapolis nonprofit the Link and its Passageways program, which provides emergency shelter beds for teens and housing for youths ages 16 to 23 who have been sexually exploited.

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Check Your Quarters for a Rare 1970’s Proof Error

As reported by MSN [http://www.msn.com/en-us/money/markets/rare-batch-of-1970-quarters-worth-much-more-than-25-cents/]

“Check your pockets, as one of a rare batch of 1970 quarters could be worth a fortune.

One of the quarters is for sale on eBay for $35,000. The listing says it was part of a group of proof coin errors that were auctioned by the state of California.

KGW-TV reports seller Mike Byers says the quarter was struck over a 1941 Canadian quarter instead of a blank due to a mint error. He says parts of the Canadian quarter can still be seen underneath the images of George Washington and the bald eagle on both sides of the coin.

The station says similar 1970 quarters are being sold for $2,500 and for $5,000 on eBay.”