Using Photoshop’s Magic Wand Tool
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The coin in this picture needs to first be copied without the background. It will then be pasted into a new file with a transparent background. Some additional clean up of the background will need to be done. The coin also needs to be rotated 90 degrees clockwise so the horse and rider are upright. A drop shadow will be added to give it a little dimension, and then saved as both Photoshop and PNG files -- Photoshop so, if necessary, changes can be made, and PNG to keep the transparent background while importing it into other programs.
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One thing that can be done is to hold down the shift key and using the magic wand cursor, click on every little speck that you can find. You will discover it gets a little difficult to line up the middle of the wand with those little specks. Here is another way of doing it.
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On the screen a new blank file will open. The transparent background in Photoshop looks like a white and gray checkerboard. Paste your image into the new file. Once pasted, open your Layers window if it is not already open. You can do this by selecting Layers from the Window drop down menu. Click on the Add a layer style button and then select Stroke at the bottom of the menu. A new window will open; the default stroke color is red. Click okay and then look at your image.
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To get the image to the correct orientation, under the Image drop down menu, select Rotate Canvas then select 90°CW. Using your crop tool, or the Rectangular Marquee Tool, draw a box around the coin, then select Crop under Image. Lastly, go back to your Layers window and add a drop shadow by using the Add a layer style button. Notice in the image where the shiniest side of the coin is and adjust the angle of the light within the Drop Shadow box so the light is hitting the right side of the coin and the shadow falls accordingly.
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