LuckyCoin Lucky Coin App Organization

LuckyCoin App Review: The Improved Way to Organize Coins

Do you have trouble remembering what coins are in your collection, or do you want an easy way to keep track of how many coins are left to complete an album? LuckyCoin app presents a great way for coin collectors to monitor their collections.

A few weeks ago I was browsing through coin posts on Instagram when I stumbled across the LuckyCoin app’s instagram page. As someone with a lot of coins and poor natural organizational skills this sounded like a great way for me to store data about my coin collection.

Click Here to go to Lucky Coin’s webpage >>

This article is my honest review, and although I have been in contact with the developer, Matt, it will not affect the review portion of the article. This review was not paid for.

Background

I was able to get in contact with Matt while working on this review. It was great to talk to another coin collector, especially one who is also creating a resource for other numismatists. In my e-mail correspondence with Matt I asked him to tell me what inspired him to create the LuckyCoin app and he wrote:

I would say that I discovered coin collecting when I was 8 years old when my parents bought me a 50 States Quarter album. I became obsessed with trying to fill every slot and always looked through change to see if there were any coins that I didn’t have.

Over many years, my collection grew and it became necessary to write down which coins I needed if going to coin shows or anywhere else I did not have access to my collection to keep track of them all. This is where I got the idea from.

Matt, creator of LuckyCoin

LuckyCoin App’s Mission

The goal of the LuckyCoin app is to make organizing and cataloguing coins easier and mobile. It is helpful for coin collectors to have access to their collection at coin shows, coin shops, and even when coin roll hunting to easily track what coins are missing from their collection.

Review

Usability

The LuckyCoin app is really easy to use, which is it’s best feature. Other phone apps to organize your collection require more steps to catalog coins you own. By simply tapping on a coin in the Lucky Coin app it can be added to your collection.

LuckyCoin Screenshot
“Coins” tab shows your progress.

It is also simple to customize how the app sorts through coins by applying different filters. You can choose how you want coins sorted by age, mintmark, and whether or not they are already in your collection.

LuckyCoin Screenshot
I chose to collect by mintmark, but I could also collect by date.

A similar app is CoinsChecker, which is a very similar concept, with poorer execution. LuckyCoin is faster, more attractive, and more intuitive to use than CoinsChecker.

Data

In the ‘Summary’ tab you can find informative data about your collection. It includes: total number of coins, how many unique years you own, the face value, your oldest coin, and how complete your albums and sets are.

LuckyCoin Screenshot Summary
My Summary Tab in LuckyCoin

The data is interesting, and also presents the most room for growth in the app. As more data is added to the application, this tab could tell a user lots of interesting data about their collection.

Drawbacks:

My biggest complaint with the app is that it takes a long time to input all the coins in your collection. For example, I have all the shield cents except for the 2013P. I don’t want to have to click every coin in the Shield series just to let myself know I can’t find a 2013 penny.

A helpful feature would be the ability to scan Whitman albums and have the app know which coins are present and which are missing.

Although there are certain aspects of the app that could enhance its usefulness, I have yet to encounter any bugs in the app. (Which is a feat in itself!)

Future Updates

The app is very new, but the developer, Mike, is consistently updating the app and looking for ways to improve LuckyCoin. Here is what Matt told me he plans to add to the LuckyCoin app:

  • Share your collection to view in the app
  • Take photos of your coins
  • Add mintage figures
  • Add silver content values
  • Add variety & error coins, proofs and foreign coins

Matt has a clear vision for where he wants the app to go and it was obvious from talking to him that he has the motivation to improve this app and make it a staple in any coin collector’s toolbox.

Final Thoughts

I like this app a lot! I would definitely recommend it for anyone looking to catalogue their collection.

I am excited to see how this app improves in the future. As more data gets integrated into the app, a numismatist could quickly access helpful information with LuckyCoin.

LuckyCoin Website Click Here


Have you tried the app? Add any comments or your own review in the comments below!

Reddit Coin Sub r/Coins Raided By Spammers

(Written March 11, 2021)

A few hours ago, r/Coins was “raided” by spammers. These spammers posted dozens of coin memes each, flooding the sub with memes.

Although some of the posts were funny, being shown in quick succession they were altogether annoying. What made them particularly annoying was that they flooded genuine posts to r/coins.

What was the purpose of the spam?

Who knows!

Definitely one goal was to get people riled up. And I guess it worked because I’m here writing about it.

One user u/coincollector9199 even made a subreddit r/coins_refugees. Although intended to be a safe haven while the mess at r/Coins ensued, it was quickly found and flooded with memes.

One of the popular memes being posted was the phrase “do you know who quidward is?”

A spammer posting on Reddit.

Thankfully, mods at r/Coins were quickly able to stop posts and delete all the offending spam. Thanks mods!

Post describing the cleanup. Plus this comment.

Some of the spammers tried to blame stamp collectors over at r/stamps for the raid, but I think they are unlikely to be the culprit. I saw r/stamps was also invaded with similar memes by the same accounts. Likely this is just an attempt to stir up drama between the subs.

(Coin collectors and stamp collectors can live in peace! Check out my article on other hobbies for coin collectors!)

A meme on r/stamps.

One of the most confusing parts of this “raid” was the fact that some of the memes were funny and seemed to be thoughtful. I think a lot of them would be genuinely like by members of r/coins.

It just goes to show, you never know how people on the internet get their kicks.

Share a comment below with your thoughts or any screenshots!

Selling Coins Header smaller

Ranking of The Best Places to Sell Your Coins, Silver, and Gold

Selling coins can be difficult and tedious. After sorting through your coins and deciding which to sell there is the daunting task of deciding how to sell.

This is a ranking I would recommend, but it may depend on your circumstances and what you plan to sell. In this article I will refer mostly to ‘coins’ but I think this ranking works well for gold and silver bullion as well.

1.) A trusted coin dealer

There is a reason I differentiate between a coin dealer and a trusted coin dealer. A coin dealer is someone who makes money by buying and selling coins. They may have a brick and mortar shop, an online store, or work by word of mouth.

A trusted coin dealer is someone you know and have done business with before. You trust that they have your best interest at heart as well as their own. They can help you find deals you wouldn’t otherwise be able to get.

Even if a coin dealer can’t get you the top price for a specific purchase or sale, it may be worth it to do business with them to build rapport in hopes of better future deals. They may also alert you if a coin comes in that you are looking for.

If you have inherited a collection and do not know the value of your coins, definitely go to a coin store if you do not want to learn how to value coins yourself. There are many tiny details that can make a coin more or less valuable. If you try to sell the coins yourself online you will not know how to describe the coins in the best way to sell them.

2.) Ebay

Ebay has been my go-to for selling coins. The benefit of eBay is that there is the potential of your coin being seen by millions of people.

Auctions can drive the price of the coin up to well beyond what you thought it was worth. The problem with selling on eBay, is that you are dependent on eBay algorithms for who your post gets shown to.

You can get around this by adding descriptive keywords into your eBay post, but even that may not be enough. I have sold coins on eBay that sold for less than they were worth simply due to eBay not showing my listing to enough people.

If you plan to sell on eBay, do not start by selling valuable coins immediately. Buyers are very suspicious of buying fakes from online dealers with few reviews. Start by selling other items or low-valued coins. Watch out for eBay fees and shipping costs as they can eat into your profit!

3.) A coin dealer

Not everyone has a local coin dealer they see regularly. It is no surprise given the ease of shopping online. It is worth going into your local dealer and asking what they would offer you for your coins.

Even if you don’t think they are giving you the best deal it may be worth it to sell to them to build rapport, or avoid the hassle of selling yourself. Many people looking to sell online forget the added cost of shipping.

Some online dealers will pay your shipping costs. If you want to know more about buying and selling from large online distributors, Money Metals Exchange has a good article on it here: “Selling Gold, Silver, Platinum & Palladium to Money Metals Exchange”

If you haven’t been to a coin store much and have some anxiety about what to expect, check out “What to Know Your First Time in a Coin Store”.

4.) Reddit

Reddit has a great community of coin collectors, coin dealers, and precious metal enthusiasts. There is a dedicated subreddit called r/PMsforsale where redditors sell precious metals and r/Coins4Sale where redditors sell coins.

I have used reddit to buy coins and have a lot of trust in many of the sellers on Reddit. Here are things to be aware of if you are selling coins on Reddit.

  • Age of your account
    • Currently, neither sub has explicit rules on how old an account must be, but Redditors are less likely to trust new accounts.
  • Trustworthiness of the buyer
    • People aren’t scammed on these subs often, but it has happened. Some Redditors do not pay, or request a refund after the items are received. All of the responsibility is on the buyer and seller to complete a transaction.
  • Shipping Cost
    • You should discuss the cost of the item and shipping before you sell someone your coins or precious metals. Make sure you have an idea before you post on the maximum shipping could cost you and how much you are willing to spend.

5.) Pawn Shops

A pawn shop is my least-preferred place to sell coins. Most pawn shops know a little about coins, but not often enough to give detailed prices. Usually, pawn shops are looking to turn a profit on items as fast as possible, so a pawn shop will rarely offer above the spot price for precious metals and coins.

This isn’t true for all pawn shops however, and it may be worth it to go in and ask what they would offer you for coins or precious metals. The benefit of a pawn shop is that they are easy to find, have lots of connections, and will give you a price quickly.


What is your preferred way to sell coins, silver, gold, and copper? Vote in our poll and share a comment below!

Coin Phrases and MEanings Header image Morgan Dollar Idiom

Coin Phrases and Their Meanings

For centuries people have used coins every day. It is not surprising that many coin related phrases and idioms have made it into everyday speech.

Here’s a list of the most common phrases and their meanings. If I forgot any, add a comment below or reach out to me on my Contact Page!

“Nickel and dime”

Meaning: When a person or entity is trying to get all the money they can from a transaction. Often used when something feels expensive, especially when people have no choice but to pay.

Example: If someone is charging a lot for an item you might say “They are nickel and dime-ing me.”

Squeeze a nickel

Meaning: Refers to someone holding tightly onto all their coins. Meant to imply that someone is cheap or not willing to spend money.

Example: “My mom only buys thrift store clothes; she sure knows how to squeeze a nickel.”

Similar To: Penny Pinching

“Penny pincher”/”Penny pinching”

Meaning: Someone who holds tightly onto every penny. It is used when someone is being cheap or unwilling to spend money. It is often a criticism.

Example: “Harold’s penny pinching ways paid off when he could finally afford a trip to Disneyland.”

Similar To: Squeeze a nickel

“A penny saved is a penny earned”

Meaning: Saving money is as important as earning money in keeping wealth. This is often used as advice for people who are overspending.

Example: If your friend was working extra shifts to make ends meet, but often spent money eating out you could tell them, “a penny saved is a penny earned.”

“Accept a wooden nickel”

Meaning: This refers to someone being conned. A ‘wooden nickel’ refers to a fake coin. If you accept wooden nickels it means you are easily fooled.

Example: If you lend a friend money and they always promise to, but never pay you back, then you are accepting wooden nickels.

“Chasing nickels around dollar bills”

Meaning: Used when someone is focusing on saving small amounts of money. Oftentimes, it is used when someone is spending money on a big purchase, but frets about smaller expenses.

Example: If your friend buys an expensive dinner, then complains about the cost of a soda at the restaurant, you can say they are chasing nickels around bills.

“Coin a phrase”

Meaning: Honestly, I always thought this was ‘coin OF phrase’. ‘Coin a phrase’ means to invent a new saying or expression. The phrase is usually used sarcastically, when someone is using a very common phrase.

Example: “That test was, to coin a phrase, a piece of cake.”

“Cost a pretty penny”

Meaning: Means that something is expensive.

Example: “By the glittering of the rhinestones, Paige knew Claire must have spent a pretty penny on the dress.”

“Earn an honest penny”

Meaning: When someone earns money in a legitimate way through hard work.

Example: John earned an honest penny by providing medical care to all the elderly residents of the town.

“Heads or tails”

Meaning: Refers to a coin flip.

Example: If you want to challenge someone to make a bet or pick a side you might say “Heads or Tails?”

“Can’t make heads or tails”

Meaning: Refers to someone who can’t understand or figure out something.

Example: “Rhonda couldn’t make heads or tails of the legal jargon on her rent agreement.”

“In for a penny in for a pound”

Meaning: Means that someone can’t be in halfway. Often used to signify someone’s intent to complete something no matter the barrier. (A pound is comparable to a dollar in the US.)

Example: “Although James had already sunk hundreds of dollars into the business, if he was in for a penny he was in for a pound.”

“Penny for your thoughts”

Meaning: Used to say that you will listen to how someone is feeling. Used instead of asking directly how they are feeling.

Example: “You look troubled. Penny for your thoughts?”

“Penny wise, pound foolish”

Meaning: Used to describe someone who is frugal on small purchases, but spends lots on big purchases.

Example: If you buy cheap toilet paper, but drive an expensive sports car, then I would call you ‘penny wise but pound foolish.’ (But I’m not a car person.)

Similar To: “Chasing nickels around dollar bills”

See a penny, pick it up all day long you’ll have good luck”

Meaning: From an old rhyme promoting the good luck that comes from picking up pennies.

Example: Often chanted when seeing a penny on the ground.

“Take care of the pence and the pounds will take care of themselves”

Meaning: This means that someone who gets good at managing small financial transactions will become more financially stable.

Example: If you are saving for a cruise, I may advise looking at your everyday expenses by saying, “Take care of the pence and the pounds will take care of themselves.”

(Great advice for someone who is penny wise and pound foolish lol.)

“That and a nickel will… get you a ride on the subway”

Meaning: This phrase is used to call someone’s idea worthless. Most commonly people just shorten the phrase to “that and a nickel.” The idea is that this phrase was invented when a subway ride was actually a nickel. 0 + .05 = .05

Example: “Shannon told me about her new aromatherapy business, I told her, ‘that and a nickel will get you a ride on the subway.'”

“The other side of the coin”

Meaning: Means to look at the other side of things.

Example: “When I complained about how long it took to get my latte this morning, my mom told me to look at the other side of the coin and see how busy the employees were.”

“Pay someone back in their own coin”

Meaning: Seeking revenge by treating someone the same way they treat you.

Example: “When my step mother stopped inviting me to family events, I decided to pay her back in her own coin and didn’t invite her to the baby shower.


Can you think of any other coin idioms and phrases? If you have a better example or definition, share it in the comments below!

Display Proof Set 1976 Bicentennial

Buying Guide for United States Mint Proof Sets

Proof sets were made by the US Mint specially for coin collectors to have coins in uncirculated, perfect condition. Proof coins are minted at the San Francisco mint, have a deeper strike, a mirror-like surface, and go through a more intensive quality control.

I have purchased many proof sets online, here is my guide to help you make the best purchases and get the best deals on proof sets.

Do Your Research

Proof sets made before 1999 are almost always a lot cheaper than sets made from 1999 to now. This is because 1999 was the start of the US State Quarters program.

Mint sets made from 1999 to now come with 4 more quarters than proof sets made in the decades before. Having more coins, and the desirability of the proof state quarters drove up the price of proof sets.

Building on that, proof sets minted from 2007-2016 have 4 or 5 dollar coins instead of 1. This raised the price on proof sets minted from 2007 to 2016.

Things that will increase the value of a proof set:

  • Silver Proof Sets
    • These sets include 90% silver quarters, dimes, and half dollars. They usually come in a sleek black box.
    • All quarters, dimes, and half dollars minted before 1965 are 90% silver.
  • Years With More Coins
    • 1999-Present: More quarters
    • 2009: Contains 4 Pennies, 5 dollar coins, and 6 quarters
    • 2007-2016: Presidential dollar coins
  • Reverse Proof Sets
    • A regular proof set has a mirror-like finish on the
Proof Vs. Reverse Proof Half Dollar 2018 Example
Proof Vs. Reverse Proof Half Dollar from US Mint
  • Included COA
    • COA is the Certificate of Authenticity. Helps verify the coins are genuine.
    • This is not super necessary to have, as proof coins are not often faked, but some collectors like to have it.
  • Errors!
    • Even though proof sets go through a quality control, they can still have errors. Proof set errors are usually more valuable than regular errors.
    • Look out for proof coins missing the “S” mint mark.
    • The 1952S Superbird Quarter is one of the more famous proof errors.
Superbird 1952S Quarter Close Up
1952S Superbird Quarter. Can you see the “S”?
Click Here To Read More.

Check Bulk Lots To Get Good Deals

For proof sets, eBay is one of my favorite ways to buy. You can get great deals on bulk proof sets on eBay. What is helpful about this is they are normally sold in sequential years.

For proof sets minted in 1998 or earlier I try to spend about $5-$10 each, although I have seen some sold for cheaper!

The 1964 proof set is more expensive because the dime, quarter, and half dollar included are 90% silver. The 1964 proof set currently goes for about $20-$30 online.

Check For Damage

Things to look out for:

  • Cracks in the case.
  • Toning on the coins.
  • Misaligned coins.

Cracks in the case are bad because they ruin the look of the case, and can lead to the coins toning. Some people like it when coins tone, but not all coin collectors do.

A coin can develop toning in a proof set that is not cracked, but it is good to check for signs of toning because it may mean there is a crack letting air into the case.

misaligned Proof set 1972
1972 Proof Set. Misaligned Penny and Half Dollar

Misaligned coins just don’t look as good when the set is being displayed. Not a huge deal, but can affect the value as it cannot be fixed without opening the set case.

Set A Budget And Stick To It.

I give this advice a lot because it is so important! Especially if you get caught up in the world of online coin auctions it can get very easy to slowly overspend your budget. Pick a number you are willing to spend on each proof set and stick with it.

Should you buy proof sets directly from the mint?

I received the advice to not buy proof sets directly from the mint. In general, I think this is good advice. Sets sold directly on the mint website are usually very expensive, as there is more excitement to get a mint set the year it is released.

Especially if you are not worried about having the original government packaging or the Certificate of Authenticity, you can get great deals on proof sets online!

That being said, make sure to check mintage numbers. Some specialty proof sets are released with smaller mintage numbers. These sets potentially gain value over their initial price. Reverse Proof American Silver Eagles are great examples of coins that sell out fast!

I personally love reverse proof sets and the innovation series dollar coins. I would pay a premium to have these sets as soon as possible. So it really depends on your budget and how YOU value each item!

Proof Set Colors

If you have bought older proof sets, you have probably noticed the colors of the packaging and background change through the years. Here is a breakdown of the colors used for proof sets and their packaging from 1967-1998:

  • 1967-1967: Dark blue box, dark blue background
  • 1968-1972: Blue sleeve, black background
  • 1973-1982: Black sleeve, red background (with display!)
  • 1983: Blue sleeve, dark blue background
  • 1984-1993: Purple sleeve and background
  • 1994-1998: Green sleeve and background

Great For Displaying: Proof Sets From 1973-1982

The US Mint had great packaging from 1973-1982 where the proof sets came in jet black sleeves and were in a display stand. It made proof sets very easy to show-off!

I’m giving these proof sets a special shout-out on this article because I think this was a really innovative idea from the US Mint. I would love to see more products with built in display capabilities.

American Silver Eagle Proof Coins

Gorgeous! Gorgeous! Gorgeous!

The American Silver Eagle has been America’s favorite design for decades. Combined with the smooth proof finish, these coins really pop.


Share your favorite proof set in the comments below!

I am an Amazon and SD Bullion Affiliate, so I earn a commission on sales made through my links. This does not increase the price of any item linked through my site. Purchasing items through my links helps keep my site running and updated regularly. Thanks for the support!

Bitcoin BTC with Real US coins on coin wrappers

Why Do People Buy Physical Bitcoin Tokens?

Cryptocurrency Tokens

Most people know that Bitcoin is not an ACTUAL coin, but get confused when they see products like these online:

Normally, I do not post about cryptocurrency as it has little relation to the hobby of coin collecting, but I saw this item trending in “Hobby Coin Collecting Products” on Amazon and I wanted to address any confusion.

You cannot buy a physical Bitcoin, because there is no such thing. You can have codes, known as key, that give you access to Bitcoin. These keys can be printed on physical items, but the Bitcoin itself is not the item.

The tokens above are simply tokens. They are meant to signify the idea of Bitcoin, but you cannot store or own Bitcoin or any other cryptocurrency with the tokens above.

So why do people buy physical cryptocurrency tokens?

I think the main reason people buy these tokens are as gifts for others interested in cryptocurrency. Buying cryptocurrency is complicated for beginners and this is a much easier gift idea for a BTC fanatic.

Since Bitcoin has no physical form, this is an easier way to show off an interest in cryptocurrency. These can be put in display cases for a good desk decoration.

Although the tokens above cannot store any cryptocurrency, you can purchase tokens that do store cryptocurrency.

Cold Storage Wallet

Cold storage wallets are as close as you can get to having a physical cryptocurrency coin.

Cold storage wallets are not connected to the internet. It is simply a public and private key printed on a physical item so that you have access to your keys anytime.

A cold storage wallet does actually store Bitcoin. However, it is important to note that it does not come with Cryptocurrency on the token. You will have to buy your own Bitcoin on a platform like Coinbase and transfer it over. This transfer will cost a fee.

People buy cold storage wallet tokens to prevent their cryptocurrency from being susceptible to online cyber attacks. Theoretically your coins are safer in a cold wallet because it can’t be hacked.

One thing to consider, is that in the manufacturing process someone at one point likely had access to your private key. This means that the company or a malicious employee could potentially have access to all cryptocurrency stored on the wallet.

And the weirdest crypto token selling I have ever seen…

Crypto Candles

These candles come with a Bitcoin token and $5 or more of Bitcoin.

Without a doubt one of the strangest candles I have ever seen for sale, but definitely a fun quirky idea. I have seen a similar design for rings where you melt the candle and have a potential of getting valuable jewelry.

These are pretty pricey, considering you are likely to only get 1 candle + 5$ in BTC + a BTC token, but the potential of winning more makes it fun. This is definitely a fun gift idea for a crypto-enthusiast just for the novelty of it.


Share any thoughts or comments below! I am by no means an expert on cryptocurrency, but I can try to answer any questions.

I am an Amazon Affiliate, so I earn a commission on sales made through my links. This does not increase the price of any item linked through my site. Purchasing items through my links helps keep my site running and updated regularly. Thanks for the support!