The Ultimate Coin Collector’s Guide
Coins are known to be one of the first ‘collectibles’ of the world. While the exact origin of coin collecting is not known, the hobby is said to have prevailed even before the 3rd century BC.
While investment has been one of the main objectives behind coin hoarding, it is the art-work that has turned many art-lovers into coin-collecting-aficionados. With the birth of numismatics, new dimensions to the “King of Hobbies” opened up.
And today, coin collection is said to be one of the most popular and widespread passions. This write-up aims to include various aspects and information about coin collecting, that can be of use to a collector.
Coin Collection – More Than Just a Hobby
There can be varied motives behind accumulating coins. There are essentially 3 kinds of collectors:
Hobbyists – A vast majority of coin-collectors around the world, are hobbyists. Among them, there are those, who collect coins just for the fun of it, and those, who are quite serious about this hobby. Some of them collect all kinds of coins while others gather coins only of a particular type.
Generally, what starts off as fun, might slowly grow into a passion with specific tastes. People collect coins based on a particular era, a particular year of minting, originating country, print or subject on the coins and even metallurgical composition. However, there are several coin collectors, who’s objectives are beyond mere hobby.
Numismatists – Numismatists study coins. Hence their interest in coin-collecting is academics-oriented. Coins of a particular period reflect a wealth of information of that period, like, the way of living, the mind-set of the people, their language, their idea of precious metals and more. Ancient coins are considered as mirrors of history. Studying them can thus reveal historical facts.
Investors – Many of the collectors have an investing-motive behind coin collection. They buy rare coins, especially gold coins and silver coins. If the prices of the coins go up, they sell them. Sometimes ancient and rare coins, despite being made of ordinary metal, are priced high too. Investors, thus need to have an in-depth knowledge about coins, their prices, the market, grading and more.
Links:
https://en.wikipedia.org/wiki/Coin_collecting
https://en.wikipedia.org/wiki/Numismatics
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