What Kind Of Coin Collector Are You?

Casual coin collecting

The most ordinary type of coin collector is the casual collector. Casual collectors are both kids and adults. They collect random coins because they like the fun of it. The casual coin collector does not spend as much money on buying and preserving coins as a more advanced coin collector. Casual coin collectors usually have interest in coins with a special meaning to them, like for instance a coin minted in their year of their birth. Casual collectors often get hold of more interesting pieces as gifts from friends or family members. The gift of a rare coin has transformed many casual collectors to curious collectors instead.

Curious coin collecting

When a collector goes further than just circulation finds and getting gifts. He develops more of an interest in coins and becomes more a curious collector. The curious collector will buy some inexpensive coins, maybe look around coin shops or look at coins on eBay or other related internet sites. That way a survey of potentially interesting areas of coin collecting is made, and as the curious coin collector interacts with more seasoned collectors, he is bit by bit learning the trade of buying or selling coins. Like for instance studying coin books before making any serious decisions about buying expensive coins. At a point most curious collectors learn enough to become an advanced coin collector.

Advanced coin collecting

Every advanced coin collector is a unique coin collector. Some are dedicated generalists looking for a few examples of all kinds of coins. If they do have enough resources, this can result in an astounding collection, as that of King Farouk of Egypt, who collected everything he could get his hands on.

Many coin collectors are completists who want an example of everything within a certain set. For instance Louis Eliasberg was the only coin collector thus far to assemble a complete set of known coins of the United States. Other coin collectors focus on coins of a certain nation or historic period. And some collect coins from various nations or settle on error coins or exonumia like tokens and medals. As you can see, it can vary a lot.

At the highest levels of coin collecting, it is a highly competitive sport. It can lead to astronomical prices as enthusiastic collectors struggle for the very best examples of each date and mint mark combination.

Historical coin collecting

Coin collectors of ancient and medieval coins are more interested in historical significance than other coin collectors. The coins of Byzantine, Roman, Indian, Greek, Celtic, Merovingian, Parthian, Ostrogothic and ancient Israelite origin are among the most popular ancient coins collected. Specialties tend to vary a lot, but the common approach is collecting coins minted during a particular emperor’s time in power. A completist would for example strive for a representative coin from each emperor.

National coin collecting

Usually coin collectors of national coins specialize in the coins of their own country. A common way to collect national coins includes collecting one of every date and mint mark for a particular series. This is termed collecting by type. For instance a date set in Britain may include one Queen Victoria large penny for each year, 1837–1901. In another example a U.S. type set might include an example of each variety of each denomination produced. Most coin collectors of national coins create unique combinations of date, mint mark and type sets.

Error coin collecting

Collecting error coins is a modern development made doable through the automation of coin manufacturing processes. Coin collectors of ancient and medieval coins; accept coins with errors because manual coin manufacturing processes lend unique features to each coin struck.

Examples of coin errors could be repunched mint marks, doubled dies, double strikes, overdates, off metal coins, clipped coins, displaced or off center coins, and different denominations on two sides of one coin.

World coin collecting

World coins are collections of relatively recent modern coins from nations around the world. Geography is often the engine for this type of collector; he can travel around the world through his coin collection. Many collect by subject, for instance collecting coins from around the world featuring animals.

World coins are usually inexpensive and may be a good starting point for children. Most children find foreign coins by looking under change-to-cash machines, where customers throw away assorted coins found in their penny jars. It is possible to find coins from all over the world, ranging from Canada, to South Africa, to Korea.

Rare Coins: the Gift That Keeps On Giving

Who would have thought that the gift of a coin would end up being the best gift I’ve ever received?

I have many fond memories of my grandmother, but one such memory will stay with me for the rest of my life. When I was 10 years old, my grandmother gave me a silver dollar for Christmas.

To this day, I still have that coin. And from that little memento, I gained a lot. I gained the passion to collect coins, leading me to becoming a professional numismatist (coin expert).

Collecting coins has taught me the value of holding on to those special tokens that most people take for granted. And that Carson City, Nev. minted silver dollar ended up gaining a significant value.

Today, people collect coins for numerous reasons. Some accumulate coins as family heirlooms, some simply because they love owning miniature pieces of art sculpted by famous artists. But whatever the reason, they see the gift that coins can bring.

Besides the fact that rare-coin collecting is a fun hobby, here is a list of some other reasons you should start a collection of your own:

* Protect your assets. Hard assets offer you safety and

security in the event of a world currency crisis or stock market crash.

* Maximize your investment in metals. We can’t go back in history and create more historic coins. Only a finite number of rare coins are available.

* Inflation. Gold and silver investments follow a long-term cycle. When undervalued, they gain tremendous upside potential when the value of paper money declines.

* Liquidity. Rare coins gain liquidity as millions of dollars are traded for them weekly on the Internet and through other networks.

* No tax consequences until liquidation. Rare coins that have increased in value are not taxed until you sell them. And if you trade coins for coins of equal or greater value, you won’t be taxed.

* You’ll own a piece of history. You’ll learn about American values and history simply by collecting coins.

Start Your Own Coin Collection

Coin collections can be prized possessions that can be handed down from generation to generation. There are even coin collections today that can fetch a prize up to hundreds and thousands of dollars. Coin collecting, more importantly, can be a very engaging hobby to follow. Anyone can enjoy collecting things as a hobby. So why not collect something that can appreciate in price as time goes by? That is just one thing that a coin collection can reward its collector. Such a collection can increase in value in time.

People may not be aware of it, but most may have a start of their own coin collection. It is a wonderful hobby worth taking. Coins should not be that hard to collect since there are plenty to go around with. But that is depending on what kind of coins you wish to collect. Regardless of that, a coin collection can be a breeze to start. You might begin with what is easier to obtain in your area. You can collect your own set of good luck coins. Maybe you can add in to that collection a silver dollar, an old Indian token, or a souvenir token. As you keep on collecting, you might find out sometime later that you already have a coin collection before you.

Coin collecting can be a fascinating hobby because each coin reflects stories from the past through its marks. From royalty, great leaders to power and patriotism, each coin provides a history of the place where it was issued. Famous figures from history are forever depicted in each coin so you have an accurate portrayal of how such famous people look like during their own time.

Deciding on what coins to collect will usually depend on the collector. There are no stated rules on what coins you can collect. But there are different methods that you can use to help you in your coin collecting. One method you can use is by collecting a series or a complete set of the coins in a series such as collecting a series of coins issued at a specific date in time. You can also use the shotgun method where you collect coins that have special interest to you. You might also be able to specialize in collecting coins of unusual shapes such as those found on other countries. This might prove to be a more challenging task but it can also be more rewarding for you as you continue on adding to your collection.

There are many ways available for you to be able to start your own coin collection. There are many places where you maybe able to look for coins to start off your own collection. First off, you can check your own pocket for coins that you might have otherwise discarded. You might have traveled to other countries and they might have a lot of interesting coins worth collecting. You can also check out coin shops in your neighborhood for more valuable coins that you may want to add into your own collection. But be prepared to dish out some cash for some coins that you might want to acquire.

Coin shows also offer you another venue where you may be able to check out a wide selection of coins from dealers from all over. You might also be able to meet up with other coin collectors and build many friendships along the way. You can also ask the help from your friends and family for a coin or two that they might have. Even flea markets provide you with a great place to look for valuable coins at a bargain price. But you might need a good eye to look for such coins.

How Coin Collecting Began

A Brief History of Coins and Coin Collecting

Very few things tell more about a country in fewer words than the coins it produces. Coins hold a wealth of information on their small faces, from the year of their birth to the language spoken at the time, from the metals a country holds valuable to the cultural influences and historical figures that its people hold valuable. Coins can also be strikingly beautiful in their own right, with the top designers of a nation striving to have their motif chosen for immortality on the face of a coin. With so much information and beauty contained in so small a package, it is no surprise that coin collecting has been a hobby nearly as long as the concept of coins themselves. An understanding of the long history of coin collecting, once known as “the hobby of kings,” will make this pastime even more enjoyable.

The Origin of Coins and Coin Collecting

The hobby of coin collecting began nearly as soon as the first coins were minted in Asia Minor, around 650 B.C. Before that time, gold and silver ingots were the most common form of legal tender. Because there was no standard, however, each trade necessitated a careful weighing and examination of the precious metals being offered, and it was easy for unscrupulous merchants to pass off a lesser quality of gold in trade. Coins, which were printed on standardized weights of precious metals and stamped with a government guarantee of value, was the answer to this unwieldy, easily sabotaged trading process. Within one hundred years, the concept of coins had been adopted by all of the major trading cities in the civilized world.

At the beginning, coin collecting had a very practical reason – there were no banks in which to store money. People hoarded coins as a way of safeguarding their wealth. Those coins that were especially beautiful were hoarded the longest, often being passed down within families.

Coin Collection in Renaissance Times

Modern coin collecting, where the coins are viewed as a work of art as well as a collection of valuable legal tender, is widely thought to have begun with Francesco Petrarca, or Petrarch, who is often called the father of the Renaissance. Although there is reason to believe that Roman emperors and citizens paid prices higher than face value for coins that were no longer in circulation, Petrarch was known to be an avid collector, and often spoke of his collection in his writing. During the Renaissance, popes and nobility began collecting coins for their artistic and historical value, and the name “the hobby of kings” was born. So popular was the pursuit and trade of ancient Greek and Roman coins in this time period, that a brisk business in high-quality counterfeits sprang into being. Today, these counterfeits even have a high value, due to their age, quality, and historical significance.

Coin Collecting in Modern Times

Coin collecting has been a favorite pastime of many people with a reverence for history, including U.S. Presidents Thomas Jefferson and John Adams. The development of two large coin organizations in the mid-to-late 1800s, the American Numismatic Society (ANS) and the American Numismatic Association (ANA), helped spark American interest in building and maintaining a coin collection. Today, there has been an explosion in American interest in coin collecting, in large part due to the ease and availability of obtaining interesting coins. The U.S. Mint has successfully increased interest in starting a coin collection through the minting of specialty coins, such as the bicentennial half dollars released in 1976 and the current release of quarters commemorating each of the fifty states.

Collecting Greek, Roman, And Other Old Coins

A Beginner’s Guide to Collecting Inexpensive Old Coins

Collecting old coins is like holding a piece of history right in your hand. It is common to find affordable ancient Roman coins that are 1600 years old, and many are even 2000 years old or more. Imagine that the ancient Roman denarius in your collection might once have bought admission to the gladiator fights in the Coliseum or chariot races at the Circus Maximum. The best thing about collecting old coins is that, unlike other antiquities, ancient coins are remarkably affordable. Because so many ancient coins have been discovered, and more are being unearthed every day, it is possible to buy millennia-old coins for only a few dollars apiece. For less than the cost of a movie ticket, you could own a link to olden times.

Things You Should Look For While Buying Old Coins

Unless you are looking to spend some serious money on your collection, the old coins that you buy will probably not be extremely valuable as an investment. However, that should not undermine the thrill of being able to own a genuine aged coin on a shoestring budget. There are numerous places, both online and off, that sell inexpensive old coins. The important thing to look for when buying these ancient coins is that the coin is identifiable. It is disappointing to buy an aged coin, only to realize that there is no way of telling what it actually is. The best way to ensure that an ancient coin is identifiable is to be certain that the writing and inscriptions on it are legible.

Buying Uncleaned Lots of Old Coins

Of course, there is another bargain option when buying ancient coins, and that is to buy a lot of uncleaned coins. These are old coins that have been unearthed in archaeologically rich areas like Italy or Greece, but have not had the dirt and buildup of the centuries cleaned from them. Uncleaned lots of elderly coins are exciting because you never know if the coins will be so worn that there is nothing left but a smooth piece of metal, or whether you will uncover a genuine rare coin. You should be aware, however, that the likelihood of finding a high-value gold or silver coin among uncleaned lots is extremely slim. Furthermore, the reason why uncleaned lots are sold to begin with is that cleaning old coins is a difficult endeavor in the best of circumstances. Removing large amounts of dirt and debris from ancient coins carries the risk of spoiling the coin.

How to Store Old Coins

Elderly coins, like elderly people, require tender handling. It is important to remember that one of the vital factors regarding the value of an old-time coin is the patina, or the sheen that builds up on the surface of a coin over time. The last thing you want to do is to polish an ancient silver coin so that it is bright and shining! When dealing with old coins, you should only hold them by the edges, since the oil on your hands can ruin the patina. Do not attempt to clean old coins on your own without learning a lot about the proper techniques. Only a veteran should attempt to clean a potentially valuable aged coin.

When storing old coins, always use acid-free materials; any other kind of storage could damage the coin. You’ll need a safe place to keep your ancient coins. Some options include mylar flips, acid-free plastic sheets that go into three-ring binders, and even special collector’s cases, if you want a particularly elegant look for your collection.

Coin Collecting Throughout The Ages

Coin collecting, or numismatics is a hobby as old as time. As a hobby, it has been around for more than 2,500 years. This is surprising since the use of coins has been around for pretty much that same amount of time too. Man has always had a fixation for small, round, shiny things. And throughout the ages, coin collectors have always been on the prowl for the oldest, rarest, most attractive coins around.

Numismatics comes from the Greek word nomisma, meaning ‘currency,’ or coin. It is also related to the study of banknotes, tokens, and other early forms of money.

Coins and other forms of money are issued by governments and other monetary agencies. Billions of these flood the market yearly. But as time goes by, the number of these coins go down. Some get lost and some are damaged beyond recognition.

This goes to show that the older the coin, the rarer it must be. And for coin collectors, this is prime stuff.

Coin collectors and hobbyists number millions around the world. This hobby is taken so seriously that there are even professional dealers and investors who ply their trade in this fashion.

The lure of coins lies in its power to draw people into the era it belonged to. These coins show many aspects of everyday life during those times. By examining a coin, one comes to know the geography, philosophy, sociology, artistry and other aspects of the culture they existed in.

Ancient kings (and even today’s leaders) had a telling habit of having their faces imprinted on their currency. Some historians have been able to put together clues regarding the ancient civilizations using these coins. Sometimes, coins would tell of a leader or prominent figure that would have been forgotten by time if it were not for these coins.

Hobbyists usually start collecting coins from their own locality. This makes sense because they are the easiest to collect. These hobbyists then expand their collection to coins from increasingly farther and earlier origins.

Coin collectors regard every single coin as a unique specimen. They take note of the date, the mint marks, and even the abnormalities in its design. Ironically, some of the most expensive coins are those with the strangest abnormalities. This is because this type of coin is hard to come by.

For example, there could be a coin in existence that differs from other coins in its batch. For some unknown reason, it lacks some of the required markings. Such coins are deemed more valuable than the normal coins of its type.

A good number of coin collectors collect coins according to themes. The coins they collect all have a common topic. Some collect coins related to kings and queens. Some collect those related to plants and animals.

The price for a coin is determined by the demand for this coin. Many factors affect this demand. If a coin is rare, chances are, it is in great demand. However, there are some coins that are rare, or exotic, yet the demand for them remains low. If this is the case, then its market value will remain in the low end.

Before purchasing coins, one must do much research about that coin. He must assess its current market value and make sure that the coin is genuine. He should also consider how much he could earn if he resells the coin.

The American Numismatic Association is the largest numismatic organization in the world. It was founded in 1891 and was chartered by the Congress of the United States 21 years later. This group has the largest library of coins available. Collectors would love to visit their headquarters, the World Money Museum, which is one of the largest coin museums in the world.

Another organization, the American Numismatic Society, is the most active and respected nonprofit numismatic publisher in the world. They maintain a museum that contains more than a million objects. They also have a library that has one of the most comprehensive in coin collecting knowledge.

Whether you are a hobbyist or a serious collector, coin collecting will always bring a sense of fulfillment and history to your life. It is never too late to start collecting today. You can’t lose! Your collection can only grow in value as the time passes by!

Coin Collecting Opens The Door To The Past

Coin collecting or numismatics is probably one of the most popular hobbies in the world and also one of the oldest. Many individuals at some point in time have collected coins. If you want to start a coin collection, a lot of research and study should be devoted to the hobby of coin collecting.

Coins have often been regarded as ‘mirrors of history’. Other than the monetary value and worth of antique coins, they also possess historical value. Coins belonging to different ages have different stories to tell of empires and emperors.

Amateur coin collectors generally start their coin collection by collecting coins that belong to their own country, as this is the easiest and the most cost effective way to start a coin collection. With time this may give way to specializing in collecting coins that belong to a particular type. Coin collectors may specialize in coins of a particular country or of a particular period or metal. Commemorative coins, such as those released during sporting events or those that mark the independence day of a country, can also make an appealing collection. Coins with faults or defects are also popular among serious collectors.

As with any other hobby, the coin collection market is flooded with fakes and if you are not an expert in this field it is very difficult to separate the original genuine coins from the counterfeit coins. Before buying expensive coins it is a good idea to get the coin authenticated by reputable coin grading and coin authentication services. The condition of a coin is denoted by a coin grade. For a detailed study on coin grades, read Photograde by James Ruddy. Currently, the more reputable coin grading services are Professional Coin Grading Service, Numismatic Guarantee Corporation of America, ANACS and Independent Coin Grading Co.

The best places to buy coins are reputable coin dealers, auctions, coin shows or from other collectors, though you should avoid buying from the internet as it is hard to judge online whether the coin you are interested in is genuine or counterfeit. Coins may be stored in coin cases, coin trays and coin albums. However, you should avoid storing coins in jars, as keeping them in a jar may scratch the coins.

Amateur coin collectors may mistakenly think that cleaning coins is an important part of caring for the coin collection. However, the opposite is true; it is best that coins are not cleaned at all. Collectors prefer the original look of coins and cleaning coins may bring down their value. If your coins need any cleaning, you should first consult a professional or an expert. Olive oil or soapy water may be used for cleaning coins. Harsh cloths should never be used to clean, and tap water is a strict no-no as they contain minerals that may harm the coins.

Coin Collecting – A Rewarding Hobby

One remarkably rewarding hobby, in more ways than one, is coin collecting. Though it may not have the same visceral excitement as, say, hang gliding, it has a subdued joy that is more than worth the experience. The simple joys of finding a coin you’ve been looking for or discovering a mint-condition penny from forty years ago is a pleasure that is not to be missed. While this may be difficult for some to understand, coin collecting is a reward all its own and, for those who do it, there is nothing else like it.

To understand the pleasure of coin collecting is to understand the pleasure of discovery. You do not collect coins just to have metal lying around, you collect coins to find something new. This is because, with the number of coins minted around the world, there is always something new to discover. There are always more coins, more designs, more commemorative editions, and more periods in history to explore. Which means that completing a coin collection is impossible, because there are always more coins to collect.

However, it is not only the coins themselves that make coin collecting so enjoyable. There is also the fact that there is always something more to learn about coins and coin collecting. The joys of discovery are not only in the coin shops, they are also in the mind. With every article, book, or simple observation there is something new to learn, ponder, or finally decide. The exploration of topics and knowledge has its own rewards and coin collecting provides plenty of opportunity to do just that.

Of course, coin collecting has more tangible rewards as well. Coins do tend to increase as the years pass on, so there are monetary rewards in addition to the mental rewards. And there is a certain excitement in finding a unique coin that is worth a whole heck of a lot of money. And, when you do manage to do that, you not only get the satisfaction of discovering something unexpected, you can keep it for its investment potential over the long haul. After all, rare coins are not getting any more common, so they are only going to increase in value over time.

So, with all these exciting facets to a coin collection, how do you actually start with coin collecting? The best thing to do is to just start looking through the change you have on hand right now. After all, all the coins that are now being collected were once change in someone’s pocket. So start with the coins you already have, learn about them, and then move out from there. And, as you collect more coins and learn more about them, the continual process of discovery will be its own reason for continuing your explorations. Then, when you finally discover the joys of simply collecting coins for the sake of collecting coins, you will be able to assemble an impressive set of coins that will be an investment all its own. Which will make a lot more people happy about the fact that you enjoy coin collecting so much.

Coin Collecting

One of the most popular hobbies today is coin collecting. Coin collecting is a fun pastime that can be enjoyed by anyone.

The premise of coin collecting lies in the idea that certain coins are more valuable than others. Amateur collectors often save a coin if they notice it has a date that reaches back several decades.

Many adults and children enjoy coin collecting. For the majority of these people their collections are limited to old coins or coins from other countries. They take pleasure in finding something unusual and keeping it to show others.

There are amateur coin collectors who save a coin from each locale they travel to. They find the currency of other countries interesting and over time and through extended travel, they can compile an impressive collection.

Others only save coins that hold significance for them. This could mean a coin from the year they were born or the year their parents or siblings were born. Coin collecting in this way is a lovely testament to the person’s life and it makes a nice keepsake to pass along to the next generation.

Serious coin collecting is an art form onto itself. There are collectors who invest an incredible amount of time and money in pursuing the perfect collection.

In most cases of serious coin collecting the collector has a specialty that they concentrate on. For some it’s a certain time frame and they are always looking to obtain more coins from those years. For others it is a certain denomination of coin. They only collect quarters or pennies and they focus on finding rare denomination of these coins.

There are many places that a coin collector can go to find a new treasure. There are several auction sites online that cater to coin collecting. Images of coins are posted along with a description of their condition and price.

Many of these sites have hundreds of coins posted and for the avid collector it gives them an opportunity to contribute to their collection.

It’s often thought that in order to go into the hobby of coin collecting a person needs to be wealthy. Although it’s true that some coins are very costly the amateur collector can begin a collection on a relatively low budget.

There are affordable treasures to be found in the coin collecting market. One of the first things every coin collector should do is check their spare change on a daily basis. Although it’s not often that a valuable coin is in circulation it does happen.

Another area of coin collecting that many people are interested in is coins that contain errors. Although it doesn’t happen very often there have been coins placed into circulation that contained errors. The error might be an off-center coin or a coin that has a double mint mark. These coins can be very valuable mainly because they are one of a kind.

Finding these types of coins can be more difficult than general coin collecting but for the people who participate they get their enjoyment when they do find a coin with a mistake on it.

Coin collecting can be a fun and profitable hobby. You can start out small and once you begin to build a collection the sky is the limit.

Antique Coins Collecting for Fun and Profit

You only have to look at how busy the coins section is on Ebay to know that coin collecting is an incredibly popular activity. It’s one of the most popular hobbies around and one of the most profitable too.

Finding coins to collect is easy but finding ones that are actually valuable to collect is the challenge faced by most collectors. As a rule of thumb, the older the coins is the more collectible it becomes as often they are more rare than more modern coins.

The best place to find Antique coins include auction houses, coin shows, coin fairs and malls. But if you are more serious you should visit historical sites where antique coins are more likely to be found. You should bear in mind that the value of Antique coins depends on where it from as well as the age and historical background of its origin. Therefore buying at the historical location gives you a very good advantage over other collectors.

There are a few other pointers you might want to consider when buying an antique coin.

Firstly make sure the coin you wish to purchase is original. This goes without saying but there are many replicas and even counterfeit coins flooding the market, so close inspection to validate their authenticity is a must.

When you start off your coin collecting hobby, start slowly if you are on a low budget. Then as your portfolio of coins increases in value you could re-sell some of it at a profit and buy more valuable ones. If you find a coin that you think is a valuable addition to your collection make sure that you find an appraiser that can determine the value so that you do not get ripped off. So don’t try to value it yourself unless you are quite experienced, and seek the help of professionals when the circumstances dictate like when the coin is quite expensive.

You need to specialize when you start collecting Antique coins so choose one particular era or country to focus on. This will make it easier for you to become an expert. You must also take good care of the coins to ensure you preserve their appearance and thus their value. And be careful not to clean Antique coins to excess otherwise you might actually depreciate their value.

Coin collecting can really be a source of great fun and taking it up as a hobby is probably one of the best decision you can make. As long as you remain patient it will be a long term hobby bringing you plenty of satisfaction for years to come as well as a very profitable investment.