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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Apr 25, 2012
Page
15
The Mini Page meets a young coin collector and a coin dealer to explore why coins gain value over time. The piece covers how coin history and rare issues attract enthusiasts and explains the meaning of the word enthusiast.
The U S Mint has minted millions of coins since 1792 with common units like the penny nickel dime and quarter. Most coins come from Denver or Philadelphia with D P or S mint marks. The Bureau of Printing and Engraving prints paper money and the 1933 Double Eagle sold for over 7.5 million after most were melted.
The text explains coin value factors such as condition and mintage. It defines numismatics and a numismatist, notes that counterfeit coins pose risks online, and highlights the role of grading. It also mentions mintages like Denver nickels and the metal value of precious metals.
Patrick Raines aged 14 began collecting coins at eight and learned from his father and local dealers. He joins the Young Numismatists program, funded by the American Numismatic Association, with scholarships to classes on grading and counterfeit detection in Colorado Springs.
Collectors obtain coins from various sources including coin shops, shows, and auctions. Dealers buy and sell coins, offer educational workshops, and help young collectors learn. The U S Mint is described as the world’s largest coin dealer, with many coin types available. The Mini Page thanks the Raines family of Lee’s Mo and Robin Tummons of The House of Stuart Ltd for assistance.
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