Archive for the 'Coins' Category

08
Jan
18

Popular Penny Coins Collectors Should Know About

If you have ever attended California auctions, you have surely noticed a lot of collectible penny coins. There are a number of these that have considerable value and are popular among those who are familiar with coin collecting. Knowing more about some of the most popular penny coins will give you a place to start while you learn more about collecting this type of coin.

1856 Flying Eagle Coin

If you are into this coin, you will have to work hard to secure one since only 2,000 were made, making it difficult to find this penny coin. If you are lucky enough to come across this coin and the condition is excellent, you may fetch yourself as much as $85,000 for a single coin. While there are a number of situations in which people pay more, the average selling price for this coin was around $7,000 in 2015.

1943 Copper Penny

Someone sold one of these coins in 2010 and they earned a whopping $1.7 million for it. During this year, the coins were supposed to be composed of steel, but some slipped through being minted of a copper-alloy. This mistake could earn you a large sum of cash today if you are lucky enough to come upon one.

1944 Steel Penny

Coin experts say that this penny was minted by mistake and this mistake could earn you a major profit today. In fact, some of these are selling for as much as $100,000 when the coin is in excellent condition. The error that was made when this coin was produced was in the material. At this time, the pennies should have been made of copper, but a hopper error resulted in some pennies being made of steel, which was the wrong material.

1969-S Double Die Obverse

If you take a penny from your change wallet or jar, you can see that each side is different. You have a heads side and a tails side. This is what was supposed to be printed on the pennies that were minted during this time; however, an error resulted in some 1969 pennies having either heads or tails on both sides of the coin. Some of these coins have sold for as much as $28,200. However, in order for your penny to be one that gets that type of sale price, it has to have the “S,” and this can be seen with a magnifying glass.

You now have more information about collectible penny coins and some of the most popular ones that are sometimes found at California auctions. You can use this information as a springboard for learning more about coin collecting, especially some of the most popular pennies that people collect.

To learn more about consigning or buying collectible coins, visit michaans.com. Attend one of our Free Wednesday Appraisal Events from 10am to 1pm. Drop-ins welcome!

14
Dec
17

Exploring the Benefits of Collecting Collectible Penny Coins

When you are looking at California auctions, make sure to check out the collectible penny coins that might be available. There are so many options, so make sure to educate yourself about the different years and about the ones that might be especially valuable. However, no matter the ones that you choose, there are some benefits associated with collecting this type of coin. Once you know what these are, you will be ready to engage in this hobby on a more frequent basis.

United States $2 1/2 Gold Coin, 1911-D, AU

United States $2 1/2 Gold Coin, 1911-D, AU

Enjoy Coins that Are Rare

When people collect penny coins, one of the most exciting parts of the process is finding those unicorns that are incredibly rare. Not only will this give you some major satisfaction, but it gives you the chance to have something that few other people have. If you find the right rare coins, the worth could also set you up for life in terms of the financial aspect.

Challenge Yourself to Find the Best Collectible Penny Coins

US 1909 S VDB Penny

US 1909 S VDB Penny

It is exciting to collect penny coins and it is a constant challenge to look for those that you do not already have. For some people, collecting these coins is almost like a sport. You will find that as you start to find those on your in search of list that the act of continuing your search almost feels like a modern-day treasure hunt.

Earn Some Money on the Side

One of the biggest benefits to collecting these types of coins is to make some money. While not all of the pennies are worth big bucks, some of them are. However, even if the coins that you get are not worth big money when you get them, many of them will acquire value over time. It is a good idea to pick up those that you can get for a good price that have a high likelihood of increasing in value. This can help you to essentially invest for the future.

Learn More About Coins and Other Aspects of Society

All of the penny coins that are available have a unique story behind them that you can learn more about. This allows you to learn more about the history of the coin, as well as about things like the associated society, culture and politics as they relate to the coins.

You can see that collectible penny coins are a great choice for those who enjoy collecting coins and art. You now know why this hobby is beneficial and you know that California auctions are a great place to find these types of items. Just make sure that you are picking up the coins that best meet the direction of your collecting portfolio.

To learn more about consigning or buying collectible coins, visit michaans.com. Attend one of our Free Wednesday Appraisal Events from 10am to 1pm. Drop-ins welcome!

Save

09
Feb
15

Going, Going…Gone? No!

Missed Michaan’s last estate auction? For the following 5 business days post sale, you now have the opportunity to purchase unsold lots. Michaan’s presents “Buy It Now,” giving you a second chance at owning an unclaimed treasure. For more information and to view unsold estate auction lots, please click here.

mgallery copy

 

28
Aug
12

Tip for Auction: Handling coins and stamps

Michael Rosenberg, Coin and Stamp Specialist:

I completely agree with Harry (see previous Tip for Auction post) and apply this rule to coins and stamps.  Also, when you are dealing with proof coins, make sure to use gloves when handling them; never touch them with your bare hands or you risk leaving spots.  I also highly recommend using tweezers when handling mint, unhinged stamps.

Michael Rosenberg, Coin and Stamp Specialist

Michael Rosenberg, Coin and Stamp Specialist

18
Jul
12

July 18 Appraisal Event find

A coin collector from Fremont brought this group of coins from his father’s collection to the appraisal event held on Wednesday, July 18th.  He chose Michaan’s Auctions as his first source of one-on-one appraisal after doing some of his own research online.  Coin and Stamp Specialist Michael “Misha” Rosenberg valued each coin to what the client felt was a “trustworthy appraisal.” He found the values given by Rosenberg to be more reliable and realistic than many of the augmented figures he discovered online; many were dealer projections with some inflated up to 4 times over the actual coin value.  As a result, he decided to return for another Michaan’s Auctions appraisal event where he would bring some of his high-end pieces for evaluation.

Coin collection brought to Wednesday Appraisal Event

Coin collection brought to Wednesday Appraisal Event

A busy day at the Appraisal Event

A busy day at the Appraisal Event




Switch to our mobile site