The Instant Coin Collector: Everything You Need to Know to Get Started Now (2nd Edition)
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But Newton, seeing that the UK had a massive counterfeit coin problem, took the role seriously. You could shave a bit off the edge of a coin, keep the clipped-off piece for yourself, and use the almost-complete coin in a subsequent transaction. But in time, it became obvious. But the problem was even worse than that. HowStuffWorks explains :.
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The average bag of English coins was just a hodgepodge of damaged and unrecognizable silver chunks. As such, forgers had a field day.
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Since English coins varied so widely in size and quality, it was easy to pass off even the most sloppy knockoffs as legal tender. Riots broke out as faith in the English currency plummeted.
By adding an identifiable feature to the edges, clippers could no longer remove part the coins subtly. Anyone receiving the clipped coin would, nearly instantly, know that it was manipulated. So, why do the penny and nickel not have this security feature?
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While quarters and dimes were, at times, made from silver, the smaller-denomination coins have generally had a melt value too small to warrant tinkering with their edges. Bonus fact : In the late s, coin clipping was used as the pretext for a rarely told incident of government-driven anti-Semitism.
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USD Sign in to Purchase Instantly. Discover how to: Start your collection correctly Evaluate coins using age, condition, rarity, and more Buy interesting coins without breaking the bank Locate rare and expensive coins Get savvy about avoiding fakes Get the whole family involved in your collection Develop a buying strategy Clean and handle coins safely Keep your collection secure at home and on the road Investigate tokens, medals, and miscellaneous coins Create complete collections of copper, nickel, silver, or gold U.
About the Author Neil S. Show More. Read an Excerpt Click to read or download. Table of Contents Introduction.
Chapter 1: Welcome to the World of Coin Collecting. Chapter 2: Understanding Numismatics. Chapter 3: Arming Yourself with Knowledge. Chapter 4: Storing Your Collection Correctly. Chapter 6: Making a Safe Bet with U. Chapter 7: Globetrotting with World Coins.
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Chapter Gold Coins: Concentrated Wealth. Chapter Commemoratives: Raising Money with Money. Chapter Advancing to Oddball Coins. Chapter Foiling the Fakes. Chapter Wheeling and Dealers.
Chapter Coin Investments, Taxes, and the Law. Chapter Ten Favorite U. Coin Designs. Average Review. Write a Review. Related Searches. Your guide to North American coins! With more than 50, individual coin listings, more than View Product. This pocket coin album accommodates 2 X 2 coin holders and is ideal for meetings This pocket coin album accommodates 2 X 2 coin holders and is ideal for meetings and conventions.
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Its superior construction stems from an electronic-sealing techniques to preserve and protect coin valuables. These classic silver coins were minted between and , an era spanning two world David Bowers David Bowers offers an engaging portrait of the country's most popular classic coin. You'll learn what to look for when you buy, how to grade your coins, Bitcoin For Dummies. Learn the ins and outs of Bitcoin so you can get started today Bitcoin For