After collecting coins of various types, you have decided to add some more that are priced higher than the ones you already have. This is the reason why you are trying to find as much information as you can about gold and silver coins. Both types of coins are actually deemed as international commodities that are traded every day.
Most collectors I know do not take the time to read entire books on their favorite rare American coins, though I would recommend doing so. There are many great books on the subject.
I’ve noticed, the average collector spends a limited amount of time reading about coins, and is much more likely to read articles than books. I enjoy reading books and other articles so I can speak to most collectors with information that’s fun to read. I do this rather than watch TV.
If it’s possible, check the date and the mint mark on the coin design. Make certain the coin is not a collector coin, but rather a common coin worth face value. If the coin is gold and/or silver coins they have the value of that metal price at the time. To determine whether your coin is a key-date piece, i.e. highly valuable, or not, there are numerous sites to help you in your search. Just Google it.
As you observe the preliminary British Sovereign coins, you will see that it features a shield and crown motif. The following designs feature an image portrayal of Saint George killing a dragon. The illustrious Benedetto Pistrucci engraved the coins. He was back then the chief-medallist at the Royal Mint in England. On the other side, the coins portray the reigning monarch.
When you start getting in to the more difficult-to-find coins, few can be obtained for under $500. For moderately rare silver coins, a good lower end budget is $500 per coin.
Coins over a five-cent value have corrugation on the edge. This is also called reeding. Genuine coins will have reeding that is evenly spaced and the edges of the coin will be thin. On counterfeit coins the reeding may not be even and may actually be missing in some spots. The edges of the fake coins may also be thicker.
British Sovereigns is one of the most popular coins today. It is stunning and it has a remarkable history behind it. Should you wish to buy and sell these coins, consider the tips above. Always research and observe the gold market and see if it is wise to invest or not.