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Treasure Hunting Made Easy Treasure Hunting Made Easy Turn Your Spare Change Into Big Bucks Sam Sommer by 2 .
Copyright © 2012 Sam Sommer. product names or named features are assumed to be the property of their respective owners. you should use this information as you see fit. U. medical or other professional advice. Please note that much of this publication is based on personal experience and anecdotal evidence. Code. use your head. and you should adjust your use of the information and recommendations accordingly. Your particular situation may not be exactly suited to the examples illustrated here. Also. and at your own risk. Images used are believed to be used within the author's and publisher's rights according to the U. they assume no responsibility for errors or omissions. Nothing in this Guide is intended to replace common sense. All rights reserved worldwide. federal. and best of luck to you. 3 . including resale rights: you are not allowed to give or sell this Guide to anyone else. and are used only for reference. Any trademarks. state and local laws. So have fun with Treasure Hunting.) Finally. it's likely that they won't be the same. All images in this Guide are readily available in various places on the Internet and believed to be in public domain. legal.S. and is meant to inform and entertain the reader.S. Legal Notice and Disclaimer This publication is protected under the US Copyright Act of 1976 and all other applicable international. There is no implied endorsement if I use one of these terms. service marks. Although the author and publisher have made every reasonable attempt to achieve complete accuracy of the content in this Guide. Copyright Fair Use Act (title 17.Treasure Hunting Made Easy Copyright. in fact. and all rights are reserved.
Treasure Hunting Made Easy
Copyright, Legal Notice and Disclaimer........3 Introduction..........................................6 Chapter One: Where To Find Valuable Coins. .7 Chapter Two: The Fast-Track To Coin Profits. .9
Common Half Dollars......................................................12 Plated Coins.................................................................15 Hidden Profits...............................................................17 Coin Collecting.............................................................18
Chapter Three: Error Coins.....................20
Subtle Errors................................................................20 Mechanical Errors..........................................................22
Chapter Four: Your Treasure Hunt ............26
Get To Know Your Bank....................................................27 Tips For Getting Started..................................................29 Looking At Half Dollars....................................................30
Chapter Five: Collecting & Selling Pennies...33
What's So Great About The Humble Penny? ...........................33 Penny Errors.................................................................34 Children And Pennies......................................................34 Other Coin Denominations................................................36
Treasure Hunting Made Easy
Chapter Six: Handling Valuable Coins.........37 Chapter Seven: Selling Your Coins on eBay. .38
Setting Up PayPal and eBay Accounts...................................38 Getting The Best Auction Results........................................39
About The Author.................................55 Appendix A: Recommended Resources Appendix B: Error Half Dollar Coins
You can work this system while watching TV or relaxing at home.00 per month. working about three to five hours per week. attention spans are shorter and electronic ticket dispensers have replaced the worker and his change. so your success is guaranteed. I show you the easy way to find valuable coins in ordinary loose change and sell them on eBay for tens.Treasure Hunting Made Easy O Introduction ne of the most famous coin-searching stories concerns an enterprising New York City subway worker who handled lots of loose change. 6 . hundreds or even thousands of times their face value. ! I know what coins can be found and sold easily. With plenty of spare time and change on his hands. Whenever he spotted a valuable coin. he made over one million dollars during his working career. In this Guide. No coin-collecting or eBay experience is necessary. I've created and perfected a realistic extra-income system for the average person looking to earn $600. Nowadays.00 to $700. Most people don't have the interest or patience to sort through thousands of loose coins in hope of finding a rare one worth thousands of dollars. he replaced it with his own personal money. You can email me at any time with questions about your coins.
Treasure Hunting Made Easy
Chapter One: Where To Find Valuable Coins
Valuable coins come from several sources: ✔ Loose change that you have or find ✔ Bank loose change or rolled coins--this Guide focuses on easy-tofind and readily available loose half dollars ✔ Friends, neighbors and relatives who collect loose change ✔ Facebook and other social networking sites ✔ Yard and garage sales ✔ Flea markets ✔ Old country stores and small rural stores ✔ The U.S. Mint ✔ Online auction sites ✔ And other places There are several types of coins that you'll be looking for: ✔ Silver coins ✔ Error coins (those with errors made during the minting process) ✔ Coins of value to collectors, such as error coins or low-mintage coins Because many people hate carrying around coins, they store them in jars or throw them into water fountains. Some of these people could be your friends, relatives or neighbors. Their old coins could be yours simply for the
You won't have an opportunity to sort through the coins before you buy them. most old coins have no value whatsoever. yard sales or stores in rural areas. offer $10. offer to pay half of what you think its worth. Don't purchase a coin collection unless you have a good sense of its value. For example. hold them in your hands and estimate their weight.00 cash to cover their face value. then.Treasure Hunting Made Easy asking! When visiting flea markets. You can also post fliers advertising to buy old coins for cash. let's say you come across a large jar of old coins for sale. if you're buying approximately five pounds of pennies. ask about jars of old coins for sale. But collections of old coins tend to offer the best return for your investment. Inform the seller that a coin shop will pay only a fraction of its value. A coin's condition and rarity are also important factors in determining its value. What do you do? Beyond their face value. so pay the money. 8 . To get the best results when buying coins.00 but no more. offer to pay $20. or you can place a “Cash For Coins” advertisement on Backpage and Craigslist. you should never buy a valuable coin unless it has been authenticated by a coin service (explained below). Since there are many fake coins in the marketplace. Okay. take your chances and hope for good results! If you know that the jar is at least 50 years old.
932 295.150.984.041.506 * 129.046. As I'll explain later. Billions of halves have been minted since the inception of the United States Mint in 1794. but can be found in loose change 9 .934.951.S. in this case. the U.366 108.000 * 2. banks have plenty of halves and are happy to get rid of them.978 246.631 * 2. Mint in Denver and San Francisco): Year 1965 1966 1967 1968D 1968S 1969D 1969S 1970D 1970S No.800 2.632. of Silver Coins Minted 65.879.810 * *Coins sold only in sets.Treasure Hunting Made Easy Chapter Two: The Fast-Track To Coin Profits S earching through half dollars (“halves”) is the fastest and easiest way to find silver coins and error coins of value.881.930 3.S. How easy is it to find silver half dollars in circulation? The Official Red Book: A Guide Book of U. Coins 2013 (66th Edition) gives the following numbers of 40 percent silver half dollar coins minted each year from 1965 to 1970 (the “D” and “S” refer to the location of the facility where the coin was minted.
This Guide explains everything you need to get started right away. 10 .00 face value of the 28 coins! ! You don't need any special talent or ability to find and sell these coins. Here's one among many eBay auction listings showing a seller's lot of silver half dollars for sale: The winning bid of $131. almost one billion 40 percent silver half dollars are in circulation! Few people know about the amazing profits to be made with this unpopular coin.07 is over nine times the $14.Treasure Hunting Made Easy In other words.
Treasure Hunting Made Easy
Below is a chart from Coinflation.com. It shows the value of the silver for several denominations of coins. It doesn't reflect the rarity or numismatic (collector) value. Notice how the silver value greatly exceeds the face value of the coins. Coin value calculations use the 12:07 PM EDT silver price for May 07, 2012.
From 1968 to the present. 12 . Kennedy half dollars were minted with no mint mark. By learning a little about them. the most commonly circulated halves. the reverse side of the 1964 coin has a “D” mint mark located just below the eagle's claw.Treasure Hunting Made Easy Common Half Dollars Below are three of the most commonly circulated halves and their dates when minted. Kennedy HalfDollar (1964 to the present) Ben Franklin Half Dollar (1948-1963) Liberty Standing Half Dollar (19161947) Kennedy Half Dollars Kennedy half dollars. The 1968 coin in the photograph on the right bears an “S” mint mark. the mint mark is located on the obverse (coin face) side just above the date. As shown in the photograph on the left below. From 1965 to 1967. Denver (“D” mint mark) and San Francisco (“S” mint mark). you'll be in a good position to find the silver and error coins. are minted in Philadelphia (no mint mark).
the U. they will increase in value over time.Treasure Hunting Made Easy Kennedy Half Dollar . The Mint sells them for 1. Denver. Minted in small quantities. just above the Liberty Bell (see photo below).S. The mint mark is located on the reverse side of the coin. Franklin Half Dollars From 1948 to 1963. These coins do find their way into circulation and are worth keeping if they are in good condition with no marks on them. Mint hasn't produced any Kennedy half dollars for circulation but has made them available to collectors and others willing to purchase larger quantities of them.Mint Mark Location (1964) Kennedy Half Dollar . and San Francisco.Mint Mark Location (1968 and Later) Since 2002. Franklin half dollars were minted in Philadelphia. 13 .5 to 2 times their face value.
Treasure Hunting Made Easy Ben Franklin Half Dollar . Liberty Standing Half Dollar (19161917) . Coins minted from 1917 to 1947 bear one on the lower left back of the coin. Coins minted in 1916 (and some in 1917) bear a mint mark just below the word “TRUST” on the front.Mint Mark Liberty Standing Half Dollars Liberty Standing half dollars (also referred to as “Walking Liberty half dollars”) were minted in Philadelphia. The Official Red Book: A Guide Book of U. and San Francisco. 14 .S.Mint Mark Available at Amazon.com.Mint Mark Liberty Standing Half Dollar (19171947) . Denver. Coins 2013 (66th Edition) has more information about earlier half dollars. just below the branch.
proof sets contain uncirculated coins from a variety of denominations. You can easily recognize Kennedy half dollar proof coins by their shiny. These coins have more value than others and do make their way into circulation. Mint in sealed plastic containers. quarter and half dollar. Many people mistake 15 . mirror-like surface. Keep an eye out for them and save any that you find! Plated Coins For commercial purposes. dime. Proof sets have been produced for 1971 Kennedy Half Dollar Proof Coin over 100 years.S.S. Although the U. These coins look as if they were covered with gold coloring or made from the chrome surface of a car bumper.Treasure Hunting Made Easy Proof Sets Sold by the U. Mint has actually sold coins made of solid gold and silver. they in no way resemble plated coins. when inattentive people open the sets and spend the coins. some companies plate coins to give them a gold or chrome-like appearance. such as a penny. Most plated coins are of little or no value for the purposes of this Guide. They're minted in San Francisco and have an “S” mint mark on the face. nickel.
00.50. 16 .Treasure Hunting Made Easy chrome-plated coins for silver ones. and how much money can I make?” The answer depends on the coin's condition and its source. Two questions always arise: “How many boxes of coins do I have to go through. silver's price tends to rise. The more coin boxes you look through. the more profit you'll make. the silver value of the 90 percent silver coins is about $11. the 40 percent about $4. others less. so save any plated coins you find until you can distinguish them from coins of value. Over time. Exchanging your cash for loose half dollars at the bank will yield great results because bank tellers and the general public aren't well-informed about the value of silver coins. those minted from 1965 to 1970 are 40 percent silver. All half dollars minted in 1964 and earlier were made of 90 percent silver. Hidden Profits Chrome And Gold-Plated Kennedy Half Dollars The hidden profits are found in the silver coins. The value fluctuates as the price of silver goes up and down. At present. Some boxes contain lots of high-quality silver coins inside of them.
the old-looking coin might be worth $20. Simply return the non-valuable coins to the bank and get your money back when you deposit them into your account! Most people assume that older coins have more value than newer ones. keep it regardless of its age. so I recommend that you purchase some inexpensive coin folders and start a collection. the condition of the coin is often more important than its age or rarity.00 while the newer might fetch $50.1985 ✔ Book 2 1986 – 2003 ✔ Book 3 2004 - 17 . The purpose of the coin folders is to protect the coins and organize them by date. I get a thrill of satisfaction whenever I see mine fill up with coins! Since you'll be handling lots of Kennedy half dollars.Treasure Hunting Made Easy ! ! The beauty of this system is that you're guaranteed never to lose any money. coins of value—such as silver and error coins—aren't kept in coin folders for collecting purposes.00 each) from Amazon.com: ✔ Book 1 1964 .00 or more. I recommend that you purchase three Whitman coin folders ($4. But coin collecting is a fun and rewarding hobby. While there's some truth to this. Mint coins can be worth lots of money. Whenever you find a coin in perfect condition. If one coin is older-looking and has lots of marks on it and another looks brand new. Coin Collecting For the purposes of this Guide.
Treasure Hunting Made Easy Always save the best coins that you find. replace the lower-quality coin with the higher. Coins in good condition are definitely worth keeping! Folder 1: 35 Coins Found Folder 2: 34 Coins Found Folder 3: 10 Coins Found Kennedy Half Dollar Coin Folders 18 . When you find a coin in better condition than one in your collection.
Subtle Errors Subtle errors include those in which the coin is missing some initials or has double lettering. Many error half dollars are in circulation. Coinsite. Mint during the minting process.S.com has prices for the most common U. Contrary to what some may believe. The “FG” is located under the eagle's right leg. they're easier to spot than errors found in other coin denominations. the U.S. Mint coin errors. the Mint doesn't make error coins on purpose. the reverse side of the Kennedy half dollar has an “FG” monogram for the initials of Frank Gasparro. These improperly produced coins were overlooked in production but later released into circulation. As you search for silver half-dollar coins. Mint engraver who designed the coin.Treasure Hunting Made Easy E Chapter Three: Error Coins rror coins contain errors made by the U. As shown in the photograph on the left below.S. The “FG” is missing on the coin shown on the right. 19 . and because of their larger size. There are hundreds of known errors for recent half dollars. you can be on the lookout for error coins as well.
Treasure Hunting Made Easy "FG" Monogram On Kennedy Half Dollar "FG" Monogram Missing Double Die Obverse (DDO) Coin Although more subtle to spot. 20 . the word “TRUST” has doubling on the letters “R”. “U” and “S”. and doubling also appears on a portion of the date. On the front of the coin. The Kennedy half dollar above is an example of a 1974 D Double Die Obverse. Double Die Obverse (DDO) coins have letters or numbers that are overlapped and doubled.
00 or more. These coins are worth $100. Normal Front and Back (Left and Center). Depending on the error. the value of these coins can range widely. 21 . Rotated Reverse The obverse (front) and reverse don't line up properly when you turn the coin over from top to bottom. Rotated Reverse (Right).Treasure Hunting Made Easy Mechanical Errors Mechanical errors occur due to coin damage from mechanical issues during the striking of the coin. Here's a brief overview of some common mechanical-type errors.
These coins range in value from $2. Clipped Planchets A portion of the coin was clipped off during the striking process.Treasure Hunting Made Easy Off-Center Strikes Off-Center Strike Off-center strikes are coins that are misaligned from the coin press and have portions of their design missing. Clipped Planchet 22 .00.00 up to $500.00 up to $350. These coins range in value from $1.00.
00. raised line on their surface.00.00 up to $400. Blank Planchet 23 . unstruck areas extending to the coin's rim. Die Crack Die Cud Blank Planchets A blank planchet is a coin that went through the mint without having been struck. Cud marks are raised.Treasure Hunting Made Easy Die Cracks and Cuds Cracked coins have a jagged. These coins range in value between $1.00 up to $350. These coins range in value between $1.
the subtle errors are more common and will produce the most profit for you. is an excellent reference for identifying and pricing error coins.Treasure Hunting Made Easy Lamination Errors A coin with a lamination error has a surface that appears to be peeling. Lamination Error Other Error Coins Many coin errors are easy for the untrained eye to overlook. the CONECA web site is dedicated to educating the public about this fascinating area of coin collecting.com. this book is a good tool to have on hand as you search through coins. While you'll come across mechanical errors in your coin searching. Also.00 on Amazon. 24 . detailed photos of numerous errors in specific coins. Priced at under $15. Strike It Rich With Pocket Change (3rd Edition). by Ken Potter and Brian Allen. With its large.
00 on Amazon. several tools will help make the process easier and more enjoyable. I recommend an LED triplet loupe with 10X magnification. For example. Higher-quality gloves are worth the extra investment. so a good set of gloves will keep your hands clean. A half dollar with 40 percent silver weighs about 11. a digital gram scale will prove to be an invaluable tool. A slight difference in weight can help you identify a valuable coin. To get the most profit out of your coin searching. A magnifying glass or loupe will help you see coin errors and other small details more closely. While 1971 D and 1977 D silver half dollars appear similar to nonsilver halves. you can easily spot these two coins by their shiny silver surface and weight. lighted magnifying glass will work.34 grams. Latex-free gloves come in boxes of 100.com. An inexpensive. while one with no silver weighs only about 11.50 grams. a major error occurred when 1971 D and 1977 D half dollars were minted. all you'll need is a box of coins from your bank (explained below) and some latex gloves. A few of these coins were minted with 40 percent silver blanks. Some coins weigh more than others. but a loupe works best. Coins are especially dirty.Treasure Hunting Made Easy T Chapter Four: Your Treasure Hunt o get started with looking for silver half dollars. If you have 25 . As you progress in your coin-search process. and a good digital gram scale can help reveal if they're rare or contain silver. the American Weigh AWS-100 Precision Pocket Scale is a good option. Priced at under $12.
I've only shown a few of the many types of error coins in circulation. If you're going to look for them.50 grams. a scale becomes especially useful when checking pennies for copper.Treasure Hunting Made Easy a 1971 D or 1977 D that you suspect is 40 percent silver because it weighs about 11. Get To Know Your Bank Searching through half dollars from your bank is the fastest and easiest way to find silver coins and error coins of value. ! A scale is a very delicate instrument. Why is this? 26 . you'll want to send it to a grading company for authentication (see Chapter Six below). Strike It Rich With Pocket Change (3rd Edition) by Ken Potter and Brian Allen. This book shows clear and detailed pictures of error coins and explains clearly how to find them. coin minted and gives you a good idea of what each is worth. these coins are worth as much as $10.S. It's also a good reference to help you identify rare coins that you may come across. In good condition. The Official Red Book: A Guide Book Of United States Coins 2013 (66th Edition) by Ken Bressett. but they do exist.00): 1. so place a piece of tissue paper on the surface to protect it. This book lists every U. 2. I strongly recommend that you purchase two inexpensive reference books (each under $15. As discussed in Chapter Five below.000! No one knows how many of these error coins were made.
just ask one teller. 27 . If not. Most bank tellers are happy to get rid of the bulky half dollars in their cash drawers. others may have $300. the more money you'll make. You can also go to another bank and tell them you want to open a savings account and search for coins for your collection. If the bank is busy. Be prepared to pay in cash for as many as you can afford. If they won't work with you.00 or more. ask him or her to check with the other tellers to see if they have any on hand. but if you have an account and want to order rolled coins. as you can always return the unwanted coins after you've sorted carefully through your entire inventory. no one cares about half dollars. just ask the manager or a banker. Also. banks can order them for you. The more boxes you order. Some may have only a few. Ask if the bank will order coin rolls for you if you open an account. others get 10. Some people get two boxes a week. If not.Treasure Hunting Made Easy Other than coin collectors and magicians. take your business elsewhere. take your account elsewhere. there's never any financial downside for you. As mentioned. but most will order them at no cost. You don't need to have an account with the bank to do this. In recent years. the demand for halves has fallen due to market forces and consumer preferences. When was the last time you carried bulky half dollars in your pocket or purse? When was the last time you used one to make a purchase? Walk into any bank and ask a teller for half dollars. Some banks charge for this service.
00 in it. Bring the coin to eye level. or you can break the roll by striking it on a flat surface.Treasure Hunting Made Easy I never pay for rolled coins. here are some tips for getting started: 1.com. or else it gets too heavy.” Tips For Getting Started It usually takes a bank about three days to process your order for coin rolls. 2. The easiest way to open a roll is to use a small screwdriver or other small flat object. don't bend down to look at coins. If you don't have $500. Banks have large. Never mention the word “silver. A box of rolled half dollars weighs about 28 pounds and has $500. My bank orders them for me at no cost every week. Keep your head up.000 coins. Pry one end of the wrapper open and then peel it back. Use good posture when looking at coins. you can order heavy-duty coin bags from Deluxe.” Simply say you collect coins and are looking for hard-to-find dates. just buy loose halves with any extra money available to you. You can throw the wrapper away. If not. When you're ready to look through your first roll of half dollars. your bank should give them to you if you ask. Look through one roll at a time. ! Some curious bank tellers may ask you what you're looking for. heavy-duty plastic bags that they give to their merchants for coin deposits. “Thanks. that's nice of you but there are so many it would be a waste of your time. If they offer to look for you.00 to spend at the bank. They cost the bank about 75 cents each. or 1. 28 . Don't put more than $500.00 worth of coins into a bag. simply say. It consists of 50 rolls with 20 coins in each roll.
2. 5. but when it's dirty. place those you don't want into the bag. Coin silver looks different than other metals. I strongly recommend that you make the most of it by looking for both silver and error coins. You can do this in about 45 minutes per box. You have 2 choices when looking at halves: ✔ Look for silver coins ✔ Look for silver and error coins If you're pressed for time. Set these coins aside. Is it 1965 to 1970? If so. it contains 90 percent silver. Don't look at the edges of the coins. you won't have to handle them more than once. Pick up a half dollar and look at its date. it contains 40 percent silver. as some coin experts recommend. or else you'll overlook valuable silver. ! Be careful who you tell about what you're doing. you can look for silver only. 29 . Get your deposit bag and put your gloves on! As you go through the coins. Is it 1964 or earlier? If so. Don't be in a hurry. 4. Write your name and account number on the bag so you get credit when returning the unwanted coins. If you have more time.Treasure Hunting Made Easy 3. Open up one roll. This way. A friend today could become a competitor tomorrow! Looking At Half Dollars 1. you can't tell if a coin is silver by merely looking at its edge.
For a complete list of error half dollar coins. errors in another. This list is more complete than the information found in Strike It Rich With Pocket Change. 5. Strike It Rich With Pocket Change will help you spot them more easily. Keep a list of your findings. Set aside any coins with doubled lettering (such as in the word “TRUST”)or missing the “FG” monogram. located on the back under the eagle's right leg. ! It's always best to go through many boxes carefully and collect as much silver as you can. 4. It's easier to sell 60 halves that are 40 percent silver than 20 of them. etc. Sort the coins you find.Treasure Hunting Made Easy 3. people prefer to buy and will pay more for larger lots of coins. please refer to the list in Appendix B. If looking for errors. Put silver in one place. LED Loupe With Illumination Loupe Showing Coin Magnification 30 . Examine the coins using your loupe or magnifying glass. On the Internet.
✔ If you look for errors. you must deposit the coins into your account. Make it into a fun project. focus on coins with no FG or partial FG and those with letter doubling on the front.Treasure Hunting Made Easy 6. 31 . Fill out your deposit slip. Take your time and enjoy the experience. placing no more than 50 rolls in a bag. Return the deposit bag and slip to your bank. ✔ Coins with a brilliant mirror-like finish are usually proof coins from the San Francisco Mint and have an “S” on the front. Get your children involved! They'll grow weary quickly of looking at half dollars. pennies will open up a fascinating new world of adventures for them. I often watch TV while looking at coins. ✔ Coins minted up to and including 1964 were minted in 90 percent silver. When finished going through the box. ✔ Set aside any gold and silver-plated coins you find. 7. If you want cash. The bank won't give you cash. ✔ Coins made from 1965 to 1970 were minted in 40 percent silver. Half Dollars: Summary and Review ✔ Look for silver half dollars or for both silver and error coins. mark your deposit bag with the amount of money in it. until you can differentiate them from proof coins and others of value. 8. you must take a lot of time and have the patience to hand-roll coins. but as I'll explain.
The price of copper tends to rise as an economy expands.00 and weighs 14 pounds.Treasure Hunting Made Easy T Chapter Five: Collecting & Selling Pennies here are several unique attributes about pennies that make them very appealing to collect and search through: ✔ You can find foreign coins. it weighs only 2. some minted over 100 years ago! ✔ You can find error coins ✔ You can find copper pennies ✔ Kids love them! What's So Great About The Humble Penny? A penny minted before 1982 is ninety-five percent copper—which. is approximately two and a half cents’ worth! In 1982. especially those minted in Canada ✔ You can find very old pennies.500 pennies (50 rolls) is only $25.5 grams and was minted of zinc.000! A box of 2. Otherwise. some pennies were minted of zinc and others of copper. You'll find quite a few copper pennies in each box—perhaps 100 or more. A 1982 penny weighing 3. but I suggest that you save them for the future. at recent prices. Pennies minted after 1983 contain mostly zinc. 32 .11 grams was minted of copper. but some 1983 and 1983 D pennies were minted in copper. These coins are worth at least $15. Copper pennies can be sold by the pound on eBay.
Most children love the excitement of searching for a penny worth as much as a car! WARNING: Coins--especially pennies--are a major choking hazard for children under the age of four. There are far too many penny errors to list in this Guide. but try working with pennies and other coin denominations as well. ! 33 . When handling coins. including errors. children should be supervised and wearing latex gloves at all times. you can become an expert in identifying all kinds of error coins.the large photographs in Strike It Rich With Pocket Change will help you find penny errors more easily.823 varieties! Also.com has a massive searchable database of U. and you can find them if you're patient and have a little luck and training on your side. Coppercoins.S. In constant operation for over ten years. At the time of this writing.Treasure Hunting Made Easy Penny Errors There are a number of highly valuable penny errors. it includes 16. Children And Pennies The best way to get children involved in coin searching is to buy them a box of pennies when you get your half dollars. But remember that half dollars yield the most return for your time spent looking through coins. copper coin varieties.748 photos of 2. With patience and persistence. the website is continuously updated and free-of-charge to use. They'll feel important having their own coins to work with as you work with yours. So stay focused on half dollars.
and saving money. For only $4. 34 .99. There are many other kids games with coins that are suitable for children of all ages.com also sells coin folders for pre-1979 pennies. Amazon. Children can use pennies to learn how to weigh objects. It holds pennies from 1979 to 2012 and includes lots of interesting educational facts about our nation. its land. Amazon. As mentioned. ! If you have a child ages 5 to 10.Treasure Hunting Made Easy As your children collect pennies and find copper. Have them weigh each penny and separate them by metal and mint date. Older children can practice their math skills by calculating and writing down the age of the oldest penny in each box.com has a great Whitman coin folder called Lincoln Cents for Kids: 1979-2012 Collector's Lincoln Cent Folder [Hardcover]. pennies have different weights depending on whether they were minted of zinc or copper. using. talk with them about counting. Or they can calculate the age difference between two pennies. The Financial Fairy Tales Treasure Box is an inspirational series of fun books written to help kids learn the value of money and create successful lives. Younger children can use pennies to practice counting or perform simple arithmetic. and its people. Make their coin searching into a fun educational experience.
S. the only coin rolls worth searching for errors are quarters. you might come across non-error and non-silver coins that are highly collectible and of high value. If you can obtain newer ones. such as the Sacajawea and Susan B. Look through enough dollar coin rolls and you can end up looking at the same coins (or some minted very recently) and wasting your time. Also. Recently-minted quarters offer some of the best opportunities to find coin errors. it would be worth your time to search through them. I don't recommend searching through dollar coins. refer to it whenever you come across unique coins and want to check their value.Treasure Hunting Made Easy Other Coin Denominations Other than half dollars and pennies. as the U. 35 . United States Coins 2013 has examples of many rare coins. Anthony coins. Government has taken many of them out of circulation. These coins are hard-to-find and usually of low mintage.
00 or more to have a coin examined. you've done your due diligence and can sell it feeling confident that it's genuine. Coins are graded by condition. the authors list companies that grade and verify coins. You'll get a much better price for a coin certified by a reputable coin grader. 36 . It costs about $30.Treasure Hunting Made Easy S Chapter Six: Handling Valuable Coins o what do you do if you think you've found an extremely valuable coin (worth more than $300. but it's well worth the price if the coin is worth hundreds of dollars. Once this process is completed.00)? To be sure it's authentic. you should send it to a grading company to examine and grade it. call on the phone first. In the back of Strike It Rich With Pocket Change. Here are some of the better-known and well-respected coin-grading firms: ✔ ANACS ✔ Collector's Universe ✔ Independent Coin Graders ✔ NGC If you contact one of them. It's easier to explain your situation if you can speak with someone directly.
5 billion. you can also benefit from reduced transaction fees. pawn shop or gold and silver store will pay you 50 cents on the dollar at best. I've been a satisfied PayPal customer for over ten years. In this chapter.) 4:00 AM to 10:00 PM Pacific Time Monday through Friday 6:00 AM to 8:00 PM Pacific Time Saturday and Sunday 37 . As a home business owner. safest and most trusted way for you to accept payments for your eBay coin auctions. Other online auction sites aren't as profitable. PayPal was acquired by eBay for $1.Treasure Hunting Made Easy T Chapter Seven: Selling Your Coins on eBay he best way to sell your coins is to auction them on eBay. Set up a PayPal Business account and pay no monthly fees when you select the PayPal Payments Standard option. and a coin. call if you ever need help with your account: 1-888-221-1161 1-402-935-2050 (if calling from outside the U. I cover the entire sales cycle for selling coins online. Selling coins online is a legitimate home-based business for profit. so please read it even if you're already an eBay seller. PayPal has great phone support. take advantage of the many tax deductions available to you! Setting Up PayPal and eBay Accounts PayPal In October 2002. Every day around the world.S. It's the easiest. With a PayPal business account. millions of people use PayPal to make purchases online.
Treasure Hunting Made Easy Please note that hours of operation may vary on holidays. while the same in a different auction sells for $35. Getting The Best Auction Results Why does one item on eBay sell for $20. A business account has several advantages over a personal account. click register and then click start a business account.m. There is no fee to register a business account. such as giving you a more professional presence as an eBay seller.00 or more? There are several possible explanations for this significant difference in sales results: ✔ Auction listed to end when most people aren't using eBay. seven days a week. such as 2 a. Please review it before listing your first auction. containing insufficient detail or taking too long to load ✔ Poor feedback from customers ✔ Poorly-worded description ✔ Item listed in wrong category 38 . ✔ Poor pictures—too large. eBay On the top of the eBay homepage. phone support at 1-866-540-3229 is available to you from 5:00 a. eBay has excellent customer support. As with PayPal. Pacific Time. too small. to 10:00 p. It'll pay for itself many times over.00.m. Even if you aren't registered with eBay. eBay's Seller Information Center has everything you need to get started with selling on eBay as quickly as possible.m.
If you're selling error coins. close-up photos of them. 39 .Treasure Hunting Made Easy ✔ Starting price too high—the leading cause of auction failure! In the sections that follow. a USB handheld digital microscope is an inexpensive. easy-to-use tool to capture clear. “U” and “S”. Step One: The Photograph Digitally Magnified Photo of 1974 Kennedy Half Dollar Any basic digital camera with a macro function (close-up mode) will work fine. I took the above photo of an error half dollar coin (1974 D DDO) with a Celestron 44302 Deluxe Handheld Digital Microscope 2MP. I'll address these issues so you can get the best results from your auctions. Notice the doubling on the “R”.
thereby allowing you to take many pictures quickly. Stock Photo of Half Dollar 40 . this microscope captured brilliant clarity and fine details beyond the technical capabilities of my regular digital camera.Treasure Hunting Made Easy Celestron 44302 Deluxe Handheld Digital Microscope 2MP For a $45. You can also use stock photos in your eBay ad. such as this one I found by searching Google Images under 1972 D Half No FG.00 investment on Amazon. The key is to move coins under the microscope without moving the microscope itself. Good photos like this one can help increase your bids and final values.com. You must mention that the image you use is not the actual picture of the coin (I'll discuss more about this later).
5. 3. 41 . The camera needs to be held steady. 2. Place the coin(s) on a dark-colored towel or sheet of paper placed on a table. Place the camera lens over the milk jug opening. Take pictures outdoors and in sunlight. go outside under your porch and place the coins on a dark-colored towel or sheet of paper. so use a tripod. Take five opaque (non-white) empty milk gallon jugs and cut the bottoms off straight at one. Experiment with the macro mode to get the camera into close focus and produce super-magnified results. two. Always take three to four pictures of each coin(s) so you can pick the one(s) that looks best. Experiment with different light settings on your camera. three. also referred to as a “lot”). four and five inches below the handle. 6. 4. Place the jug so the opening is on top and the cut-out section is over the coins. 8.Treasure Hunting Made Easy Here are some tips for taking the best photographs: 1. If you need to take a picture of a large number of silver coins (about 40 or more. but stand under a porch roof or canopy so you're not standing directly in the sun's rays. Zoom the camera into close focus and use the setting on your camera for taking standard pictures. 7.
Enter some key words to help eBay find a category in which to place your ad. Amazon. click Sell on the top of the page. you want to sell 1972 D NO FG Kennedy half dollars. But there are some who'll want to see the coins close up and check their condition. Always take your best picture possible. and then click Sell An Item. but there are eight of them for sale on eBay.com sells a spider tripod from Vivitar but I recommend you search first under “flexible tripod” to find one that will support your camera's weight and meet other requirements. 42 . the better your auction results! Step Two: The Auction Listing Before creating an auction listing. The better the condition. you might want to wait a week or two after the auction closes and then list your item. In this case. it's always a good idea to check eBay to make sure that there aren't many other coins for sale similar to yours. For example: 1972 D Kennedy Error Half Dollar. For under $5. First. For example.Treasure Hunting Made Easy Flexible Tripod An inexpensive flexible tripod is a good investment for your picturetaking. describe your item. Once you have your eBay account and are signed in to it. they're buying the silver.00. not the coins. When buyers bid on a “lot” of coins.
If eBay doesn't find a match for it. Good titles will drive traffic to your auction listings. click Switch to form with more choices and then click Continue. You can select one category at no cost. Good titles also help users find your auctions more easily. 43 . . Write a descriptive title of the item in 80 characters or less. .Treasure Hunting Made Easy The Category After you enter the item description and click Search. eBay will list several categories. the Create your listing page appears. your titles must stand out from the crowd. For 1972 D Kennedy Error Half Dollar. the more money you'll make. I usually select more than one if additional categories might help buyers find my auction. and then click Continue. At the top. The more visible your listing. eBay charges 10 cents for each additional category.and several others Check the appropriate box or boxes that best describe your item. Since eBay users see titles first after searching for items. the first two categories above would be a good match. The Title After selecting a category or categories. For this example. click Continue listing without a product. the following categories appear: Coins: US > Half Dollars > Kennedy (1964-Now) > 1971-91 Coins: US > Errors Coins: US > Half Dollars > Kennedy (1964-Now) > 1964-70 . Always take the time to ensure that your titles are as descriptive and appealing as possible.
“No FG”. we can construct the following title: 1972 D No FG Kennedy Half Dollar Error Coin Mint Condition This title is descriptive and search-friendly. but 22 characters are still available so we should leverage them to our advantage. So let's add “. “error”. Notice that our coin is in mint. This coin is hard to find and rising in value (as are all coins).Rising Value” to our title and remove the unnecessary word “Condition”. So how can we make this strong point stand out in our title? Let's put “mint” up front. near “error”: Error coin mint 1972 D No FG Kennedy Half Dollar .Hard to Find . “Kennedy”. for a total of 78 characters: 1972 D No FG Kennedy Half Dollar Error Coin Mint . condition. Using these terms.Treasure Hunting Made Easy Start by including as many relevant search terms in the title as possible.Rising Value As mentioned. Phrases such as “hard to find” and “rising value” add interest.Hard to Find .Rising Value Here's an example of an actual title I found on eBay: Kennedy Half – 1972 D – No FG Initials Which title do you prefer: this one or the one above? Which is more likely to get clicked in the search results? 44 . For a 1972 D No FG Kennedy Half Dollar. “half dollar”. or brand new.Hard to Find . a coin's condition is an important selling feature. and “mint condition” are examples of relevant terms.
55 1982-P KENNEDY HALF DOLLAR ERROR. Here's an example of a good title for a lot of 40 silver coins: Silver lot . Large-lot coin buyers are bidding on the silver. For example. NO "FG".50 for its silver value.38 1982P NO FG INITIALS JFK KENNEDY HALF DOLLAR ERROR Member id zmemarine | Feedback Score Of 156 | 100.55 45 .many mint – great investment Make sure you list silver lots under Bullion > Silver > Bars & Rounds as well as the appropriate Kennedy Half Dollar categories.00! With larger lots..0% 3 $8. Member id thegpdgroup | Feedback Score Of 1102 | 100. A silver buyer might pay $4.0% 10 $29. but don't worry if the result doesn't meet your expectations.38 Coin 2: 10 Bids and sold for $29. a collector might buy it for $8. consider selling them as an individual coin.Treasure Hunting Made Easy The same suggestions also apply to selling larger lots of coins. both for 1982 P NO FG Kennedy Half Dollars: Coin 1: Only 3 bids and sold for $8.00 to $10. try to get a good close-up picture showing plenty of detail. Coins in mint condition sell for much more than their silver value. but sold as a coin in mint condition. let's say you have a 1969 Kennedy Half Dollar in mint condition.. . Here are two actual auction listings.40 coins . not the quality of the coins. LARGE PHOTOS.Kennedy Half Dollars 40% Silver . If any coins in your lot are in very good condition.
Notice how the second listing adds interest with its promise of “LARGE PHOTOS”. such as its certification and grade. the better the results.38 had the coin under the error heading only! The second listing had the coin under Coins: US-Half Dollars-Kennedy (1971-91) as well. coin sellers can provide itemspecific information about a coin. This feature is included at no additional cost. 46 . If you know HTML and how to upload pictures to a web server. you can include free pictures in your description. The first coin was actually in better condition than the second. but you can leave this section blank. the first seller could've listed the auction in both categories and earned a much better profit. eBay allows you to upload up to 12 pictures for free. For a few extra cents. People interested in Kennedy Halves will look under the Kennedy Half category. but not enough people saw the listing to see the difference! In the title section under Item Specifics. not under Coins: US > Errors. Click Add pictures and on the Standard tab. When viewers of your auction listing move their mouse over the pictures. click the Trash icon to remove any unwanted photos on the page. The Picture As of this writing. Only use pictures that are clear and have no light reflecting back from them. a small section is magnified to display additional detail. The more pictures you upload. select your pictures to upload. After uploading. but the first listing that sold for $8.Treasure Hunting Made Easy Both listings had good pictures (not shown).
you're selling through storytelling (“storyselling” perhaps?). Auction or Fixed Price? The auction starting price is another area where many eBay sellers make big mistakes. A statement such as “I am not a collector” brings your description down to earth. The Description The item description is the section where many sellers sabotage their auction listings. Keep it brief and to the point! If the picture you use is a stock photo and not an actual picture of the coin. they'll have an opportunity to view detailed pictures on the auction page. After clicking on a title. the Listing Designer and Visitor counter are optional and not recommended. so here it is Picture used is a stock picture but coin looks just like this Buyers prefer to do business with everyday folks. some sellers pay an additional fee for “Gallery Plus”. As a general rule of thumb. I've found that a simple description such as this one works especially well: Beautiful Kennedy Error Coin 1972 D No “FG” In Mint Condition We found this looking through change I am not a coin collector. Below the description field. click the Online Auction tab 47 .Treasure Hunting Made Easy To display a picture in search results. Use color and a large font. as does telling buyers that you found the coin while looking through change. Most buyers scan search results by looking for key words in the titles. I've never spent money on this option. you must mention this in the description. Instead of telling with facts.
but I recommend one only for coins worth hundreds of dollars (see Chapter 6: Handling Valuable Coins).com has prices for the most common U. I always start my auctions at 99 cents. For error coins. If you have a coin that you believe is especially valuable. Many people enjoy the adrenalin-like rush that comes from competitive bidding on items. however. you can create a reserve price (a price point at which the bidding must reach before the coin can be purchased).S. A coin's condition will affect your auction results. the auction will always bid up to a good final price. When they win an auction.Treasure Hunting Made Easy and set your starting price at 99 cents. So for an error coin worth $5. $2.00. your auction will attract attention and end up with more bids. you might start at 99 cents and end up with one bid for 99 cents. a sense of victory sets in and their emotions override rational thought about an auction's price. I suggest that you set your starting price for a few dollars less than the coin is worth. Coinsite. For half dollars that are 40 or 90 percent silver. At this price. This 48 . error coins. You can set the auction as a “Buy It Now” item. Because the demand for silver coins is high. Depending on the type of error and the buyers who find your listing. but I don't recommend this approach.99 is a fair starting price. setting a starting price can get somewhat tricky. starting your auction with a very high starting price will deter buyers from making bids. Unless you're confident that a coin is highly valuable and will sell at a high price. where the coin is sold at a fixed price instead of in an auction format. One in excellent condition will get more bids and require special handling to protect you from loss.
Notice how eBay auctions with high starting prices usually have no bids and never sell. you have more control over your auction when you schedule it to start at a future time. odds are they won't be watching your auction. such as sports on television. The only exception is when special events. eBay will charge you the final fee even though you didn't sell the item. occur on Sunday night.Treasure Hunting Made Easy protects you from losing money on an auction that does not go well. If people are watching TV. Make sure to leave PayPal selected as your payment method. You'll have additional time to make changes as needed and ensure that your auction looks good. the less likely you are to get bids. and you have to stop the auction in order to protect yourself against loss. buyers enjoy bidding on items priced low. Always remember to use a pricing strategy that protects you from loss and fits your specific item. Never cancel unless you're unable to change a big mistake in the listing. Always select 7 days for the auction duration. This is very important for getting the best results. It has never happened to me. The higher your starting price. For an additional 10 cents. but it could happen. Pacific Standard Time. If you cancel an auction. To summarize. and always select Schedule start time. Auctions with low starting prices tend to attract lots of bids. Always set your auctions to start on Sunday at 5-6 p.m. the ending time for your auction. 49 .
but you have the option to make changes of your own. This covers the cost of the postage and the drive to the post office. If you're shipping one coin. You can send lots of about 10 to 15 in a padded mailer. use a USPS Priority Mail cardboard mailer and charge $6. For coin lots of about 40 to 60. These fees will cover your shipping costs so you don't lose money on shipping. Since most 50 cent coins can be shipped using one postage stamp on a plain envelope. Never overcharge for shipping.00 to $3. charge about $3.00 will cover the shipping cost for one coin and give you a little over $1. A charge of $2.00. When packing coins for shipping. but you decide if you want to charge customers for insurance or offer it to them as an option.00 for first class or for additional coins (weighing over 13 ounces).00 for USPS Priority Mail Flat Rate Envelope (2 to 3 day shipping). setting your shipping price at $2. For a few coins (weighing 13 ounces or less).00 will cover your cost of shipping via first class mail. Make sure the coins are tightly-bound in plastic bags.Treasure Hunting Made Easy Shipping Always charge a flat fee for shipping.00 to $6. Make the packaging as secure and professional-looking as possible. about $5. Buyer Requirements Use Buyer Requirements to block certain buyers from bidding on or purchasing your items. make sure that they're tightly-bound and not loose.00 in profit. so they don't make noise or move around. I make no changes in this section. I never insure an item. 50 . place it between some cardboard and use a regular security envelope (one that you can't see through) for mailing.
this is not a good practice. you risk getting negative feedback on your selling record. Going Live With Your Auction Once you're finished. What if it only gets one bid? Are you forced to sell it for 99 cents? You can cancel the auction just before it ends but as mentioned. always be friendly and give them the benefit of the doubt. Otherwise. you must watch it. check your email for customer questions. I make no other changes in this section. As you build up a good reputation and get lots of positive feedback. but as with Buyer Requirements. Once it ends. Click Change your return policy and then click Returns Accepted. Once your auction goes live. 51 . If they're unhappy with your product. Never argue over money. Go back and look at it several times to make sure it looks right. What if no one bids on it? You can always list it again. You've plenty of time to make changes since you've scheduled your listing to appear at a later date. Customer Service When dealing with eBay buyers. preview your auction and then list it. and reply promptly to them.Treasure Hunting Made Easy Return Policy You won't get many (if any) returns. your auctions will become more and more successful. you should sell it to the highest bidder. but give buyers confidence in you by accepting them. you can make changes to fit your specific requirements. do whatever it takes to make them feel better about doing business with you.
Treasure Hunting Made Easy I've only covered the basics here regarding PayPal and eBay. But you have enough information to get started and make some money. 52 .
saving and studying coins. my coin collecting has had its ups and downs. I've always enjoyed the process. I hope that you will. I've found the coins I've sought. I live in Arizona. As with pennies today.. he told me the story of this early American coin. not. when I learned that my Aunt Sara had a 1916 Liberty Standing Quarter in uncirculated condition. where I still find plenty of valuable coins in ordinary change and sell them on eBay for a nice profit. My cousin beat me to it—a coin worth about $25. I've raised three children and have five grandchildren.000 today! Besides collecting coins.Treasure Hunting Made Easy About The Author Almost 50 years ago.S. But no matter the results. other times. during a routine trip to one of the first McDonald's restaurants in the U. it wasn't hard to find them circulating in loose change. minted before the Lincoln penny. a fist-full of coin change in my hand yielded an Indian Head penny. When I asked my dad about it. and so began a fascinating lifelong journey of finding. I did. I once missed out on one of the most sought-after coins ever minted. Sometimes. too! 53 . Dad suggested that I start collecting coins. no one thought much about them. Back then. Over the years.
Appendix A: Recommended Resources Books ✔ Strike It Rich With Pocket Change (3rd Edition) by Ken Potter and Brian Allen .Excellent reference for identifying and pricing error coins ✔ The Official Red Book: A Guide Book Of United States Coins 2013 (66th Edition) by Ken Bressett – Excellent reference for identifying and pricing rare coins Coin Grading Firms ✔ ANACS ✔ Collector's Universe ✔ Independent Coin Graders ✔ NGC Supplies and Equipment ✔ American Weigh Signature Series Digital Pocket Scale ✔ Celestron 44302-A Deluxe Handheld Digital Microscope 2M ✔ Heavy Duty Coin Security Deposit Bag 12 x 22" by Deluxe ✔ SE Triplet 10X .21mm LED Illuminated Loupe ✔ VWR Soft Nitrile Examination Latex Free Gloves ✔ Whitman Coin Folders .
com – Comprehensive website dedicated to copper coins 2 .com Coins – Good source of coin information.com – Small business tax deductions ✔ Coincommunity.Web Sites ✔ About. including a useful section on grading coins ✔ Bankrate.Current metal value of coins ✔ Coinsite. especially error coins ✔ CONECA – The Combined Organizations of Numismatic Error Collectors of America ✔ Coppercoins.com – Another good source of coin information.com .com – Includes a useful glossary of coin collecting terms ✔ Coinflation.
are minted in Philadelphia (no mint mark).) 2002 to current date – Minted for sets only (LOW MINTAGE) and All S Coins.) 1987 P and D LOW MINTAGE (These two coins are worth saving if you find them. Denver (“D” mint mark) and San Francisco (“S” mint mark).) 1971 D SILVER (Refer to Strike It Rich With Pocket Change for details. the most commonly circulated halves. 1966 D NO FG (The “FG” initials under the Eagle's leg are missing. .! Appendix B: Error Half Dollar Coins Kennedy half dollars.) 1973 D DDO 1973 D REPUNCHED D (The “D” is struck twice) 1974 D DDO 1977 D NO F 1977 D DDO WEAK G 1980 D NO FG 1982 P AND D NO FG (The 1982 P NO FG is scarce – only 50.) 1983 P NO FG 1989 P NO FG 1989 D REPUNCHED D 1990 P NO FG 1977 D SILVER (The 1977 D and 1971 D silver coins are very valuable.) 1971 D NO FG 1971 D DDO (Some letters on the front of the coin are doubled.) 1972 D NO FG 1972 P DDO 1973 D NO F WEAK G (The “F” is missing and the “G” almost gone.000 minted.