Archive for February, 2012

Why Everyone Should Collect Coins

Posted on February 27, 2012 by 3 Comments

Every day, we experience some kind of pressure, whether it’s at work, home, family members, friends, financial decisions or even health problems. All these things and many more obviously create stress.

Don’t worry, as human beings, we all have stress and sometimes stress can be a good thing.  Stress helps us to be alert when making important decisions and it even motivates us to do things that we probably wouldn’t have done, if we didn’t feel pressured to do so.

But, we all know that too much stress can have a negative impact on our health. So, what can you do to relieve stress? Studies have shown that exercise and diet alone can relieve stress. But to be honest, most of us probably prefer to eat a nice steak or a chocolate cake with ice cream instead of a salad. Many of us, also prefer to watch TV or go to the movies, instead of running on a treadmill or lifting up 300 pound weights.

So another great alternative to relieving stress that is not as intense as running on a treadmill or lifting 300 pound weights, is finding a fun hobby. And this is where coins come in. Here are just some of the great benefits of collecting coins.

Learning – We learn a lot about coins themselves, but we also learn about a large market where tens of millions of dollars’ worth of coins are being traded every day.

The Pursuit – If your building a set or even trying to find that one coin, sometimes it becomes a huge challenge and the pursuit itself can be really exciting, not to mention actually finding the coin.

History – Every coin has a history, either because it circulated or even the history of the world when the coin was actually struck. If the coin has a commemorative design it teaches us and reminds of us significant events.

Fun: Collecting coins can be really fun. They are great conversation pieces. Most people can’t comprehend on how two individuals can talk about one coin for hours, upon hours, and sometimes even days. Only coin collectors can really understand this.

Filed Under: News

1909 V.D.B. Lincoln Cent Traveling to Mars

Posted on February 15, 2012 by 1 Comment

NASA/JPL-CaltechOn August 5 or 06, 2012 a 1909 V.D.B. Lincoln Cent is expected to land in Mars.

The coin is traveling as part of a calibration target that will be attached to the Mars rover called Curiosity. Taking the 1909 V.D.B. Lincoln Cent into space is a tradition used by astronauts where they place it next to objects from outer space for size comparison purposes when they show the images to the public.

The 1909 V.D.B. Lincoln cent belongs to Ken Edgett who is Mahls princiipal investigator. The coin was photographed sometime in August 2011 at the Kennedy Space Center in as they were preparing the rover Curiosity for the launch.

The 1909 V.D.B. cent will be accompanied by nine other scientific instruments. Curiosity’s major mission is to find evidence on whether there were ever enviromental conditions that supported microbial life.

Image by NASA

 

Filed Under: News

CoinMint.com Domain Sells for $11,000.

Posted on February 10, 2012 by No Comments

Image by DanielDryzek.com

On January 31, 2012 Afternic, a Domain Listing Service reported the sale of the domain CoinMint.com. As of February 10, 2012 the website CoinMint.com seems to be parked.

If in the next couple of months the site remains parked, more than likely someone purchased the domain just to speculate on its value, possibly hoping to resell it for a profit.

However, if that’s not the case, more than likely someone will possibly be adding a large inventory of coins to the site, as $11,000 for a non common coin domain is considered to be on the expensive side.

Based on the name, which contains the word Mint, the new owner will probably be listing a lot of modern coins for sale, similar to the ones that the U.S. Mint currently offers.

Filed Under: News