Coin Collecting

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{{Otheruses|''Boy Scouts can earn the [[Collections]], [[Coin Collecting]] and [[Stamp Collecting]] Merit badges.<br>Cub Scouts & Webelos Scouts can earn the [[Cub Scout Collecting]] Belt Loop & Pin''}}{{Revised|January 1, 2009}}
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{{Merit Badge header|Climbing|Collections|{{RareMeritBadge|| great introduction to this fun and rewarding hobby and is a}}}}
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{{Otheruses|''This is the '''Boy Scout Coin Collecting Merit Badge.'''<br>Boy Scouts can also earn the [[Collections]] and [[Stamp Collecting]] merit badges.<br>Cub Scouts and Webelos Scouts can earn the [[Cub Scout Collecting]] belt loop and pin''}}
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{{Merit Badge introduction}}
{{Merit Badge introduction}}
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{{quote|Coin collecting is one of the oldest of all hobbies. Hoards of ancient coins found in excavations indicate that coins were one of the first collectibles. From earliest times, people valued coins not only as a means of trading and storing wealth, but also as miniature works of art.}}
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== Notes ==
== Notes ==
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{{Merit Badge Requirement resources}}
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'''1.''' [http://www.usmint.gov/faqs/circulating_coins/index.cfm?flash=yes&action=coins US Mint Process of Making Coins] - [http://www.usmint.gov US Mint]<br>
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'''1.''' [http://www.usmint.gov/faqs/circulating_coins/index.cfm?flash=yes&action=coins US Mint Process of Making Coins] - [http://www.usmint.gov US Mint]<br>
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'''2.''' [http://lynncoins.com/dictionary.htm Dictionary of Coin Collecting Terminology] - [http://en.wikipedia.org/wiki/Numismatic_terminology Coin Terminology] - [http://en.wikipedia.org/wiki/Coin_collecting Coin Collecting History, Themes, etc.]<br>
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'''2.''' [http://lynncoins.com/dictionary.htm Dictionary of Coin Collecting Terminology] - [http://en.wikipedia.org/wiki/Numismatic_terminology Coin Terminology] - [http://en.wikipedia.org/wiki/Coin_collecting Coin Collecting History, Themes, etc.]<br>
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'''3.''' [http://www.coin-collecting-guide-for-beginners.com/coin-grading-scale.html Coin Grading Scale] - [http://en.wikipedia.org/wiki/Coin_grading Coin Grading] - [http://auctionwally.blogspot.com/2008/06/free-basic-visual-coin-grading-guide.htmlCoin Grading 9with photos)] - <br>
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'''3.''' [http://www.coin-collecting-guide-for-beginners.com/coin-grading-scale.html Coin Grading Scale] - [http://en.wikipedia.org/wiki/Coin_grading Coin Grading] - [http://auctionwally.blogspot.com/2008/06/free-basic-visual-coin-grading-guide.htmlCoin Grading (with photos)] - <br>
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'''4.''' [http://www.centercoin.com/coin_information/collecting/storing.htm Storing your Coin Collection]<br>
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'''4.''' [http://www.centercoin.com/coin_information/collecting/storing.htm Storing your Coin Collection]<br>
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'''7.''' [http://www.usmint.gov/mint_programs/?action=50_state_quarters_program 50 State Quarters Program: A Celebration of the States]<br>
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'''5.''' [http://www.pcgs.com/ PCGS Coin Prices Online Reference Catalog] - Reference Magazines: [http://www.coinpricesmagazine.net Coin Prices] - [http://www.coinsmagazine.net Coins Magazine] - [http://www.numismaticnews.net Numismatic News] - [http://www.worldcoinnews.net World Coin News] - <br>
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'''8b.''' [http://news.goldseek.com/GoldSeek/1160946937.php Legal Tender]<br>
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'''6.''' [http://www.usmint.gov/mint_programs/?action=50_state_quarters_program State Quarters Program]<br>
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'''8c.''' [http://federalreserve.gov/ The Federal Reserve] &mdash; Official site<br>
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'''7.''' [http://www.usmint.gov/about_the_mint/coinLibrary/ Current US Coins, Photos, Designers, etc.] - [http://americanhistory.si.edu/collections/numismatics National Numismatic Collection Smithsonian Institution]<br>
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'''10a.''' [http://www.usmint.gov/mint_tours/index.cfm Tour the US Mint] &mdash; An official U.S. Department of Treasury webpage<br>
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'''8a.''' [http://en.wikipedia.org/wiki/Federal_Reserve_Note US Paper Money History, Photos, Types, etc.]<br>
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'''10b.''' [http://www.usmint.gov/kids/ The U.S. Mint for Kids]<br>
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'''8b.''' [http://news.goldseek.com/GoldSeek/1160946937.php Legal Tender]<br>
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'''10d.''' [http://www.coins.nd.edu/ColCoin/ The Coins of Colonial and Early America]<br>
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'''8c.''' [http://federalreserve.gov/ The Federal Reserve] &mdash; Official site<br>
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'''9a.''' [http://worldcoincatalog.com/Contents/CID/coin-identifier.htm World Coin Identification Guide Online] - [http://www.worldcoins.org/ World Coin Online Catalog]<br>
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'''9b.''' [http://www.spmc.org Society of Paper Money Collectors]<br>
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'''9c.''' [http://www.uspatterns.com Society of U.S. Pattern Collectors]<br>
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'''9d.''' A date set of a single type of coin might be one Lincoln penny from each year from your birth. <br>
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'''10a.''' [http://www.usmint.gov/mint_tours/index.cfm Tour the US Mint] - [http://www.moneyfactory.com U.S. Bureau of Engraving and Printing] - [http://www.federalreserve.gov/otherfrb.htm Federal Reserve Districts]<br>
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'''10b.''' [http://www.coinshows.com/ Coin Shows Listing] - [http://www.coinlink.com/Shows/category/ana/ Coin Shows] - [http://www.usmint.gov/kids/ The U.S. Mint for Kids]<br>
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'''10d.''' [http://www.coins.nd.edu/ColCoin/ The Coins of Colonial and Early America]<br>
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5. Do the following:
 
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a. Demonstrate to your counselor that you know how to use two U.S. or world coin reference catalogs.
 
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b. Read a numismatic magazine or newspaper and tell your counselor about what you learned.
 
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6. Describe the 1999-2008 50 State Quarters Program. Collect and show your counselor five different quarters you have acquired from circulation.
 
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7. Collect from circulation a set of currently circulating U.S. coins. Include one coin of each denomination (cent, nickel, dime, quarter, half-dollar, dollar). For each coin, locate the mint marks, if any, and the designer’s initials, if any.
 
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8. Do the following:
 
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a. Identify the people depicted on the following denominations of current U.S. paper money: $1, $2, $5, $10, $20, $50, and $100.
 
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b. Explain “legal tender.”
 
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c. Describe the role the Federal Reserve System plays in the distribution of currency.
 
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9. Do ONE of the following:
 
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a. Collect and identify 50 foreign coins from at least 10 different countries.
 
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b. Collect and identify 20 bank notes from at least five different countries.
 
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c. Collect and identify 15 different tokens or medals.
 
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d. For each year since the year of your birth, collect a date set of a single type of coin.
 
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10. Do ONE of the following:
 
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a. Tour a U.S. Mint facility, the Bureau of Engraving and Printing, or a Federal Reserve bank, and describe what you learned to your counselor.
 
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b. With your parent’s permission, attend a coin show or coin club meeting, or view the Web site of the U.S. Mint or a coin dealer, and report what you learned.
 
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c. Give a talk about coin collecting to your troop or class at school.
 
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d. Do drawings of five Colonial-era U.S. coins.
 
== Related awards ==
== Related awards ==
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== See also ==
== See also ==
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*[http://www.ronscurrency.com/ronef.htm Have you ever wondered about a $1 bill?]
*[http://www.ronscurrency.com/ronef.htm Have you ever wondered about a $1 bill?]
*[http://americanhistory.si.edu/collections/numismatics/ The National Numismatic Collection]
*[http://americanhistory.si.edu/collections/numismatics/ The National Numismatic Collection]
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{{Merit Badge footer}}

Revision as of 20:29, October 12, 2012

Resources include the Coin Collecting merit badge worksheet Adobe Acrobat PDF, links, and cross-references to related badges and awards.  Prev  -  Next  

This is the Boy Scout Coin Collecting Merit Badge.
Boy Scouts can also earn the Collections and Stamp Collecting merit badges.
Cub Scouts and Webelos Scouts can earn the Cub Scout Collecting belt loop and pin


Coin Collecting merit badge
Status: Elective
Created: 1938
Discontinued: no
BSA Advancement ID: 035
Requirements revision: 2009
Latest pamphlet revision: 2008

Contents

Coin collecting is one of the oldest of all hobbies. Hoards of ancient coins found in excavations indicate that coins were one of the first collectibles. From earliest times, people valued coins not only as a means of trading and storing wealth, but also as miniature works of art.


Coin Collecting merit badge requirements

  1. Understand how coins are made, and where the active U.S. Mint facilities are located.
  2. Explain these collecting terms:
    a. Obverse
    b. Reverse
    c. Reeding
    d. Clad
    e. Type set
    f. Date set
  3. Explain the grading terms Uncirculated, Extremely Fine, Very Fine, Fine, Very Good, Good, and Poor. Show five different grade examples of the same coin type. Explain the term proof and why it is not a grade. Tell what encapsulated coins are.
  4. Know three different ways to store a collection, and describe the benefits, drawbacks, and expenses of each method. Pick one to use when completing requirements.
  5. Do the following:
    a. Demonstrate to your counselor that you know how to use two U.S. or world coin reference catalogs.
    b. Read a numismatic magazine or newspaper and tell your counselor about what you learned.
  6. Describe the 1999-2008 50 State Quarters Program. Collect and show your counselor five different quarters you have acquired from circulation.
  7. Collect from circulation a set of currently circulating U.S. coins. Include one coin of each denomination (cent, nickel, dime, quarter, half-dollar, dollar). For each coin, locate the mint marks, if any, and the designer’s initials, if any.
  8. Do the following:
    a. Identify the people depicted on the following denominations of current U.S. paper money: $1, $2, $5, $10, $20, $50, and $100.
    b. Explain “legal tender.”
    c. Describe the role the Federal Reserve System plays in the distribution of currency.
  9. Do ONE of the following:
    a. Collect and identify 50 foreign coins from at least 10 different countries.
    b. Collect and identify 20 bank notes from at least five different countries.
    c. Collect and identify 15 different tokens or medals.
    d. For each year since the year of your birth, collect a date set of a single type of coin.
  10. Do ONE of the following:
    a. Tour a U.S. Mint facility, the Bureau of Engraving and Printing, or a Federal Reserve bank, and describe what you learned to your counselor.
    b. With your parent’s permission, attend a coin show or coin club meeting, or view the Web site of the U.S. Mint or a coin dealer, and report what you learned.
    c. Give a talk about coin collecting to your troop or class at school.
    d. Do drawings of five Colonial-era U.S. coins.


The official source for the information shown in this article or section is:
Boy Scout Requirements, 2014 Edition (BSA Supply No. 33216 - SKU# 619576)

The text of these requirements is locked and can only be edited
by an administrator.
Please note any errors found in the above requirements on this article's Talk Page.


Notes

Worksheet A FREE workbook for Coin Collecting is available here! Adobe Acrobat PDF
with the maps, charts, links, diagrams, and checklists you need!
Or click here to print just the Coin Collecting requirements.
meritbadge.org has PDF and DOC versions of
Boy Scout merit badge workbooks,
Webelos workbooks, and Cub Scout workbooks.


Requirement resources

1. US Mint Process of Making Coins - US Mint
2. Dictionary of Coin Collecting Terminology - Coin Terminology - Coin Collecting History, Themes, etc.
3. Coin Grading Scale - Coin Grading - Grading (with photos) -
4. Storing your Coin Collection
5. PCGS Coin Prices Online Reference Catalog - Reference Magazines: Coin Prices - Coins Magazine - Numismatic News - World Coin News -
6. State Quarters Program
7. Current US Coins, Photos, Designers, etc. - National Numismatic Collection Smithsonian Institution
8a. US Paper Money History, Photos, Types, etc.
8b. Legal Tender
8c. The Federal Reserve — Official site
9a. World Coin Identification Guide Online - World Coin Online Catalog
9b. Society of Paper Money Collectors
9c. Society of U.S. Pattern Collectors
9d. A date set of a single type of coin might be one Lincoln penny from each year from your birth.
10a. Tour the US Mint - U.S. Bureau of Engraving and Printing - Federal Reserve Districts
10b. Coin Shows Listing - Coin Shows - The U.S. Mint for Kids
10d. The Coins of Colonial and Early America


Related awards

Hobby-related awards


See also

Boy Scout portal
Varsity Scout portal
Venturing portal
General Merit Badge information


External links



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