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Friday, November 20, 2009
The Coinage History of U.K. Coin Collecting
Money was never been quite so valuable until coin collecting entered the world of the hobbyists.
Since its inception, coin collecting has continuously represented the ancient way of preserving the history of the human race. Coin collecting allows people to protect and conserve their nation’s history. Through this kind of activity, coin collectors allow other people to touch and examine the kinds of coins that ancient people used.
In the United Kingdom, coins are considered one of the most precious relics that the nation has ever produced because most of their coins are considered to be a true representation of the royalty. For instance, U.K. coin collectors would be happy to own the 50-cent coins that were manufactured by the Royal Canadian Mint for the “Golden Jubilee of Queen Elizabeth II.”
Facts about UK Coin Collecting
Unlike in the U.S., coin collecting in U.K. uses different terms in categorizing the kinds of coins that are collected. For instance, in the UK coins that were circulated from 1971 to 1981, the term “new pence” was used to differentiate them from the so called “ancient pre-decimal pennies”.
By the year 1982, experts felt the need to change the word “new” into a more concrete characteristic that would denote the value of the coin as well. Therefore, the terms “two” or “thirty” were used as well as other terminologies that would indicate the coins worth.
After a year, the “two pence” or the “2p” coins were so common that the coin collectors had very little demand for them so the Royal Mint continued to issue the “2p” coins but only in sets that were exclusively distributed to coin collectors. There are only 20 “2p” coins that still bear the “new pence” wording on the reverse side in circulation and new coin collectors who wish to collect these coins will have difficulty in finding them.
In line with UK history, the UK coin collecting has undergone many changes. The very first change was the “decimalisation” of the coins. With the inception of the “decimal coinage,” the English coinage system was established on relationships that indicate the new value of the ancient coins. For example, the coin that used to be known as 2 halfpence is now converted into 1 penny, while 20 shillings is equal to 1 pound or £1.
UK coin collecting is, indeed, not just mere realization of a hobby but a concrete representation of what was transcribed in the history of UK.
Since its inception, coin collecting has continuously represented the ancient way of preserving the history of the human race. Coin collecting allows people to protect and conserve their nation’s history. Through this kind of activity, coin collectors allow other people to touch and examine the kinds of coins that ancient people used.
In the United Kingdom, coins are considered one of the most precious relics that the nation has ever produced because most of their coins are considered to be a true representation of the royalty. For instance, U.K. coin collectors would be happy to own the 50-cent coins that were manufactured by the Royal Canadian Mint for the “Golden Jubilee of Queen Elizabeth II.”
Facts about UK Coin Collecting
Unlike in the U.S., coin collecting in U.K. uses different terms in categorizing the kinds of coins that are collected. For instance, in the UK coins that were circulated from 1971 to 1981, the term “new pence” was used to differentiate them from the so called “ancient pre-decimal pennies”.
By the year 1982, experts felt the need to change the word “new” into a more concrete characteristic that would denote the value of the coin as well. Therefore, the terms “two” or “thirty” were used as well as other terminologies that would indicate the coins worth.
After a year, the “two pence” or the “2p” coins were so common that the coin collectors had very little demand for them so the Royal Mint continued to issue the “2p” coins but only in sets that were exclusively distributed to coin collectors. There are only 20 “2p” coins that still bear the “new pence” wording on the reverse side in circulation and new coin collectors who wish to collect these coins will have difficulty in finding them.
In line with UK history, the UK coin collecting has undergone many changes. The very first change was the “decimalisation” of the coins. With the inception of the “decimal coinage,” the English coinage system was established on relationships that indicate the new value of the ancient coins. For example, the coin that used to be known as 2 halfpence is now converted into 1 penny, while 20 shillings is equal to 1 pound or £1.
UK coin collecting is, indeed, not just mere realization of a hobby but a concrete representation of what was transcribed in the history of UK.
All About Coin Collecting: Grade Coins with Ease!
Coin collection is not just about having as many coins as possible. More important than the number of coins is the quality of those coins. This quality is measured by the coins’ grade and the grade is measured using a scale from zero to seventy (seventy being the highest point grade). Doctor William Shelby introduced this point scale in his work “Penny Whimsy”.
Here are the classifications of coins according to grade.
1. “Mint State” Coins
This is equivalent to a value of 60 to 70 in the Shelby’s grade scale. This means that the coin has no blemishes whatsoever. Most of the coins in this category are uncirculated, shiny, new coins, with absolutely no signs of wear.
2. “Almost Uncirculated” Coins
The “Almost Uncirculated” coins have a point grade of 50, 55, or 58.
It is very important to note that in these coins, coin collectors must know the locations of the high points in a particular coin. By checking the difference of the light reflected in the high points to the other parts of the coin, an “Almost Uncirculated” coin is separated from the Mint State coins.
3. “Fine Coins”
These can further be classified as” Extremely Fine” (40, 45), “Very Fine” (20, 25, 30, and 35) or “Fine” (12) depending on the sharpness of the remaining details on the coins. The coins are observed to have wear but the designs are still intact.
For “Extremely Fine” coins, the mint luster is still present.
“Very Fine” coins can be compared to coins which have been used for 1-3 years. Minor features of the coins are already gone.
4. “Good Coins”
These coins can be specifically defined as “Very Good” (12), “Good” and “Almost Good” coins.
The coins in this category are worn out. Only weak designs can be observed since the details of the coins in the high points are nearly smooth.
Full rims must be observed for the “Very Good” coins category.
In the case of “Good” coins, the mint mark and the date must be visible.
On the other hand, “Almost Good” coins are the most worn of coins in this category.
5. “Fair Coins”
The coins are “worn out”, but can still be distinguished as belonging to one of the types of coins - as long as one can identify a coin, it is a “Fair C”.
6. “Basal Coin”
These metals that can be determined to be coins - but the kind of coin are undeterminable.
With the classifications described, it will be very easy to grade coins. Just remember that knowledge of the coins’ grades gives coin collectors advantages!
Here are the classifications of coins according to grade.
1. “Mint State” Coins
This is equivalent to a value of 60 to 70 in the Shelby’s grade scale. This means that the coin has no blemishes whatsoever. Most of the coins in this category are uncirculated, shiny, new coins, with absolutely no signs of wear.
2. “Almost Uncirculated” Coins
The “Almost Uncirculated” coins have a point grade of 50, 55, or 58.
It is very important to note that in these coins, coin collectors must know the locations of the high points in a particular coin. By checking the difference of the light reflected in the high points to the other parts of the coin, an “Almost Uncirculated” coin is separated from the Mint State coins.
3. “Fine Coins”
These can further be classified as” Extremely Fine” (40, 45), “Very Fine” (20, 25, 30, and 35) or “Fine” (12) depending on the sharpness of the remaining details on the coins. The coins are observed to have wear but the designs are still intact.
For “Extremely Fine” coins, the mint luster is still present.
“Very Fine” coins can be compared to coins which have been used for 1-3 years. Minor features of the coins are already gone.
4. “Good Coins”
These coins can be specifically defined as “Very Good” (12), “Good” and “Almost Good” coins.
The coins in this category are worn out. Only weak designs can be observed since the details of the coins in the high points are nearly smooth.
Full rims must be observed for the “Very Good” coins category.
In the case of “Good” coins, the mint mark and the date must be visible.
On the other hand, “Almost Good” coins are the most worn of coins in this category.
5. “Fair Coins”
The coins are “worn out”, but can still be distinguished as belonging to one of the types of coins - as long as one can identify a coin, it is a “Fair C”.
6. “Basal Coin”
These metals that can be determined to be coins - but the kind of coin are undeterminable.
With the classifications described, it will be very easy to grade coins. Just remember that knowledge of the coins’ grades gives coin collectors advantages!
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