Sneak peek at the new U.S. Mint website!

I have never been a big fan of appearance and search facility of the United States Mint's current Web Site? I don't think it is particularly charming visually, and can sometimes try to find I went through your search feature information. ? missing navigation also need, in my opinion, nightmarish. It is not at all intuitive, where to find things about "Drilldown" (links).

The irony is that the U.S. Mint website a very deep, Empire tools for the collectors of U.S. coins. ? area for the children is brilliant full enough projects and games to keep children busy for many long hours to learn about American coinage. ? I enjoyed myself quite a few hours there, and I left my childhood behind four decades ago.

The Mint's website is also cram-packed with statistical data, historical data about the coins and medals has produced the coin, and it has a fascinating section on the coin itself and how coins are made, including video (if it. ? I can find white I've seen it before, but I can't turn it this up in your search now as I write.)

So, although I'm not too excited about the Visual presentation and functionality of the current Web site, I a big fan of the information on the US Mint site. ? therefore am I was pleased to learn that the coin will soon launch a new Web site. Hopefully are questions in the process of search and navigation addressing.

Here is a sneak preview of the new U.S. Mint Web site. You think this is just a mock image and is not clickable, but there is a good idea of what to expect, if the new look live. ? What is going to do? ? do love it or hate it? ? share your views in my comments section below this post!

New design Penny-second medal

Lincoln Formative Years in Indiana (1816-1830)-The second the designs of new penny pays tribute to young people of Abraham Lincoln in Indiana, where he worked as a splitter rail to rail. In the picture, painted and sculpted by United States Mint sculptor-engraver Charles Vickers, Lincoln is depicted reading during a break from what must have been very hard work! Can you imagine how much force would need swing of that type of mallet to Division that thick enough to record the way it is portrayed the fact? I love the pretty young Lincoln's portrait, with his height, lanky frame relaxed as he caresses the book between the arms. I look forward to seeing how this project appears on real money!

What is the first day of issue?

First day of issue is a PCGS classification designation of service that is extremely misleading (or even fraudulent). The average collector might assume that a coin in a PCGS holder that says "first day of number" was released on the first day that the coins were available, but this isn't the case.

Reply:

According to the guidelines PCGS presentation for the designation of the first day of number, a commemorative coin in circulation (e.g. a presidential dollar) may be submitted at any time in the future, even decades from now, until it is in a sealed box with Mint Bank a release date on or before the official release date for the type of currency. Meet this requirement, the coins in the sealed box can obtain the title of PCGS days preceding number by the holder.

The problem with this requirement is that practically all circulating commemorative coins are packed in boxes of Bank with dates, or before, the official release! After all, long before coins can be released to the public, should be hit, counted, wrapped, boxed, consigned to the Federal Reserve and then distributed to banks. Since all these events must occur before the date of issuing currency, virtually all coins with release of short periods (which includes all circulating commemorative) are in boxes with dates, or before, release!

This is one of those things "DUH" that are clearly unfair and misleading, particularly when there is no deadline for submission. After all, why bulk submitter PCGS should by tying their money in the first day of inventory number when you can get anytime in the future this description of risks? They simply sealed stocks some Windows and wait a few years to see how the market develops. At best, have a sealed box a few years from now and cash at the poor, naive TV shopping show at the expense of the buyer of currency. At worst, the market does not develop and all those who are sealed boxes coins can be simply spent or sold to dealers of flocks.

If PCGS was smart, requiring licensees to submit coins in a timely manner, the first actual day of release, which would increase their revenue now and put the burden of risk on the dealers would end this abuse. This practice would also contribute to remove a very misleading designation from our coin collection marketplace, because before the day of issue would then really what it says.

Although the coin dealers selling their pay a premium for the designation of the first day of release, these coins have hardly any prize of secondary market at all. In other words, you'll pay a lot of extra to get a coin designated "first day of number", but when you go to sell it, this did not help its value; You will get much less paid for the currency. The reason is that experienced traders know the designation is almost entirely devoid of meaning, and so experienced collectors. First day of issue coins are an investment very poor and I recommend that you never buy.

Read more: see my top 5 worst Coin investments.

Mint-intentional Errors?

People often ask whether the u.s. Mint is making mistakes on coins on purpose in order to entice people into removing them from circulation and collection. On series fourth State, above all, error coins seem to be turning on all the time. Now the new President dollars are coming out with a large number of "Dollars without God". The u.s. Mint is doing it intentionally?Reply:No, the u.s. mint coins not make error on purpose. Experts in the process of issue and the causes of failures of currency are practically agree on this. Although the number of errors seems to have increased since the State quarters started coming, the fact is that many more people are looking for small mistakes than ever, too. Most people seeking error coins means that smaller errors of currency are to be found. Moreover, quality control of mint changed over the years, and much less emphasis was on research through finite coins for minor problems, as the mint took mechanical control methods floppies and coins, and by modifying the way that prepares the currency dies.
The Mint US produced over 15 billion coins last year and is expected to produce at least as many coins again this year. Considering these vast number of ERM currencies, error numbers vanishing coins that are incredibly trite, about 0.000003 of their total output (assuming the error 50000 coins in a year. The actual number of noteworthy error that will leave the mint coins may be larger or smaller and varies from year to year, but you get the point General: is a very miniscule number!) What most people don't realize is that the u.s. Mint, like any other company that makes a product, takes great pride in the work he does! When coins are beyond the Mint error, it is very embarrassing for them. People working at the Mint, which actually make coins, take pride in their work, just like anyone else who makes a product, and there is a certain amount of humiliation which feels when leaving many embarrassing mistakes, as presidential dollar coins with no border lettering (so-called "godless dollars."

Unfortunately, the community of collection and the Mint of US have historically in contrast with others during these errors, because while collectors coins gleefully shout about their currency error finds Internet imputed from roofs, the will to US Mint, the problem was not happened and that the people don't so much noise about what perceives the Mint as an embarrassing mistake.

The result is that the Mint (understandably) Gets a bit defensive and close ranks against the collectors who want more information about how the error happened coins. The Mint feels critcized when collectors and newspapers Bioshock "How could this Happen?" However, what the Mint doesn't understand is that collectors of coins error intentionally not criticise the Mint, collectors just honestly want to know what went wrong, so they can better understand the coins.

Hopefully, as the community of collecting coins error both staff collecting US Mint are to understand and appreciate the feelings and intentions, the other side of will develop a better dialogue between the two parties and improves information exchange. Meanwhile, let me reiterate: the u.s. Mint make no mistake coins on purpose.

What is a variety of die?

Definition:A variety of die is any normal variation in the design of a given currency, usually caused by errors in the preparation or die maintenance currency. Die typical varieties include doubled dies; repunched mintmarks and dates; variations in positioning or alignment of mintmarks, letters and numbers, devices, etc..; changes to the surfaces of dying from over-polishing or die fighting; and a number of other minor variations in final strike of the coin.

Do not confuse the variety of die with error coins, which have variations in their appearance in the manufacturing process, such as strikes off center, types planchet wrong preparation planchet errors, etc.

See also:Error Coins

What is Bullion?

Sorry, that I could not read the contents scostanti this page.

Insider Secrets to the coin bis

In this two-part article learn the behind-the-scenes secrets to buying and selling of coins ? in the first part, I explain the business from the coin dealer perspective as he views of the coins bring people, he hopes you buy him and as he arrives in its offerings.

In the second part I explain how "Stage", selling your own coins for maximum profit if you want to buy a reseller there them. ? as no surprise that one of the most important things to you, is your collection, much like Realtors "stage" a home for sale. ? building of the collection look its best (but not clean your coins, that's not what I mean!)

Of course you should always do your homework and know what your coins are worth before you take ? to sell them., but once you are ready to sell my article the coin show business insiders view you with greater confidence can negotiate.