Coin collecting is a fun and oftentimes challenging pursuit of amazing pieces of history! Oftentimes, the hobby can get fairly expensive, but fortunately, there are many great coins that you can start or grow your coin collection even if you only have a dollar to spend, if you know what you are looking for and where to look. 1) Purchase an old nickelFor a dollar or less, there are multiple different old nickels that can easily be purchased! In specific, if you are looking to purchase an older nickel look to obtain a kind of nickel known as a "V" or "Liberty" nickel or another kind known as a buffalo nickel. For the most part, the examples of Liberty nickels that you are going to find for a dollar or less are going to be in a grade that ranges from a G4 to G6 for V nickels, but sometimes a coin in VG8 or even VG10 condition can be found! When looking for these coins, try to find a coin that has a medium to dark gray color, without any marks that are particularly distracting. Remember, one of the biggest things that people take into consideration when purchasing a coin is the way that it looks, and the color of the piece you are looking at plays a large factor in others purchasing decisions. In regards to Buffalo nickels, try to find a coin that is in a medium gray color, with a grade that ranges from VF30 to EF40. On the obverse, specifically look at the braid on the Indians head, and on the reverse look for a full horn on the Buffalo and the tail showing on the hip of the Buffalo. In fact, if you look hard enough you may even be able to purchase a "War Nickel" which consists of 35% silver, and is amazing pieces of history from world war 2! 2) Find A Cool Nickel A great way to make additions to your coin collection is to find a cool nickel in circulation. After some searching through your change, you may be able to find one from the 1940s or the 1950s! Additionally, during 2004 and 2005 nickels were produced to commemorate various major components of American history such as the Lousiana purchase, which can still be found in circulation! For less than a dollar, you can build an entire set of these from circulation! 3) Purchase A Proof Amazingly, in many situations, individual modern proof coins can be purchased for less than a dollar! Although they are oftentimes not found online for this prices, due to costs such as shipping they can be found at coin shops and coin shows! If you have more money though, entire modern proof sets can be found for five dollars, where they will come in their original packaging from the government unlike the individual coins that you will purchase for less than a dollar. 4) Get Some Wheat Backs Wheat back pennies, which were minted from 1909 until 1958 can be purchased for five cents apiece or less, where for a dollar a very nice set can be assembled! Due to the bulk quantity that they are oftentimes sold at, most dealers do not look at them individually to find higher grade pieces, which provides the perfect opportunity for the coin collector! When looking through wheat back pennies, try to find a piece where the details in Lincolns hair are fully visible, and where there is the visible separation between the stalks on the wheat ears on the reverse. On the other hand, you can use the money to purchase a nice wheat back cent where for a dollar a mint state coin can be purchased from 1957 or 1958! 5) Find Some Cool Pennies You can even start to build a reserve of copper bullion for well under a dollar, as in 1982 pennies were changed from being composed of 95% copper and 5% zinc to a composition of 92.5% zinc and just 2.5% copper! The copper pennies, weigh 3.1 grams each and have a melt value of about a cent and a half, which means that you purchase copper bullion for less than melt value! Although they do not trade as bullion right now, I believe that they will trade as such in the future as they are becoming more and more difficult to find! Another great coin to look for are the circulating commemorative of Abraham Lincoln, which were minted in 2009 to commemorate 200 years since he was born. If you look long enough, you can find all four of the circulating commemorative Lincoln cents for four cents! Keep in mind when doing this, many banks allow you to deposit your coins into your account without a charge, but this is fading away so make sure that you check your bank in advance to see if they offer this; but if they do then you can save a bit of money and look through some more rolls! 6) Go To A Local Coin Club MeetingCoin clubs are a great way to learn about coins and grow your collection! Although it may cost more than a dollar in gas to get there, many coin clubs give away door prizes which you can win! Although most do charge a small fee to be a member, oftentimes guests are allowed and welcome! Below is a link to a directory to help you locate a coin club that is close to you! https://www.money.org/club-directory 7) Enter Free Giveaways OnlineAs the old saying goes, you will more never succeed unless you try! Numerous websites have silver coin giveaways on a weekly or monthly basis which are free to enter; which provides an opportunity, although slim, to start or grow your collection for nothing! Below are some of my favorites, which I am currently entered to The Coinweek.com weekly coin giveaway http://www.coinweek.com/contest/ All you have to do is enter your name and email address, then check your email for a verification link so they can have permission to contact you if you win! Oftentimes the prizes are really nice, as they usually consist of an ounce of silver, or something better! Silvertowne https://www.silvertowne.com/ All you have to do is sign up for their email notifications and you will be automatically entered for their monthly silver giveaway! When following the link above, the form to sign up for their email notifications and enter the contest is in the bottom right corner! If you win, you get an ounce of silver with is worth a solid 17 to 18 dollars with the current market prices! Certified Coin Exchange http://www.certifiedcoinexchange.com/svc/CCECoinDrawingSignup.asp Every month, the Certified Coin Exchange gives away a professionally graded coin! This is awesome because it provides you with the opportunity to win a very interesting professionally graded coin for absolutely nothing! Although a shipping address is required upon entry, you will have to provide it if you win any silver or coin giveaway anyways! You can enter by following the link above! 8) Participate In Online Coin ForumsOnline coin forums are another fantastic way to start or grow your coin collection for a dollar or less! While on these forums, keep on the lookout for giveaway or contest as oftentimes members have them, where the prize is oftentimes coins! Personally, I have won about ten dollars worth of coins (wholesale value) from a coin forum, with one of the coins being an awesome Japanese 20 sen from 1909, and another being a silver Roosevelt form 1964! They are great ways to learn about coins, meet others in the industry, and show off your collection. They also provide you with great opportunities to sell your coins too after you have been on them for awhile because of the low selling fees, and a large number of potential buyers that are already interested in coins! Personally, I am a member of cointalk.com, and sometimes members have very generous giveaways of coins, some other coin forums are Coin Community and collectors universe, where giveaways are held there as well! Even if you do not win a coin, the knowledge and connections are invaluable in themselves. 9) Check The Reject Bin Of Coinstar MachinesWe all see those Coinstar machines, where people dump change in order to get some cash. What a lot of people do not realize, is that oftentimes coins are rejected, where silver coins have been found by many people in the reject bin before! Even if you do not find an old or foreign coin, oftentimes a bit of change can be found which can be used to make your hypothetical budget more than a dollar, so nicer coins can be purchased. Another place to check, are those change counting machines at the bank where coins are rejected too. A place that most people do not look for coins, is underneath the grass where there are a magnet and steel pennies, or even modern foreign coins get stuck!
Its truly amazing all of the awesome coins that you can get for a dollar or less. I really hope that you enjoyed this article, and I hope that it provided you with new methods to use to start or grow coin collection on a very limited budget! file:///C:/Users/brand/Downloads/google1e750597dd8642a3%20(3).html
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Author: Brandon Spiegel.
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