Sunday, October 3, 2010

Rare Coins book

I just got done reading "The Expert's Guide to Collecting & Investing in Rare Coins" by
Q. David Bowers. It is an interesting book because it talks about the different aspects
of the rare coin market, different US rare coins and Mr. Bowers has many stories to tell.

The book starts with the explaining the dinamics of the rare coin market and gives information about investing in rare coins. Talks about coin grading and value. It explains how to buy and sell in the internet and through auctions houses. It also talks about different historical facts (market trends) about US coins. Then it goes more in detail on coin grading and then touches in detail the grading process or logic for different US coins. After it talks about the different coins it goes into paper money and tokens.

Of course, if you have read the book, then you probably have already formed an opinion on
the book and it would be great if you could share it with us. The book is very interisting because it covers many different elements of US rare coins but does not cover other countries.

In page 57 it says that "Rarity refers to the specific number of coins known to exist in
numismatic hands." It later states that "Rarity is important, but only in connection with
other factors." The factors detailed are Grade and Popularity. Knowing this, what coins
do you believe are rare and popular today?

In Switzerland, the Swiss 10 Fr Gold coin minted in 1911 (Net Weight: 3.2258g; AGW: 2.9g
or .0933oz; Grade: MS or Uncirculated; Minted: 100k Series dates: 1911-1916 & 1922) is
worth around 400 USD. The other dates are around 130 USD.

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