Coin collection ranks along with stamp collecting and post card collecting as one of the most popular hobbies.It is, in fact, one of those pastimes, which has an entire support structure devoted to its activities.There are coin collectors' clubs, buying agents, selling agents, valuers and grading services, auctions, expositions and many other resources, which have transformed coin collecting from just a personal hobby to an industry with its own economics.

While coins and collectors have been around for a log time, it is believed that coin collecting started in the
US in the early years of the nineteenth century during the Civil War.A large number of copper, gold and silver coins were hidden by people at this time because the outcome of the war was a matter of conjecture.Since the metal content of the coins was far higher than the face value, many people took to collecting as many coins as possible and hoarding them for future use.It may be fair to say that coin collection in the U.S.began as coin hoarding rather than as a real hobby

Coin collection, or numismatics as it is known, is a fascinating activity; it can be done on a modest budget or at a connoisseur's level and it appeals to the treasure hunter in human nature.Most people are mesmerized when they see a picture of an antique chest overflowing with coins and jewelry and coin collecting gives people the same feeling of amazement and thrill.

There are other reasons why people collect coins.Each coin is a piece of history and has a story to tell.Holding a coin in one's hand is like having a glimpse of the period to which it belongs - the politics, clothing, lifestyle, events and personalities.Researching the period to which the coin belongs as well as the precise event or celebrity whom the coin commemorates can be an exciting history lesson in itself.For example, it is possible to acquire silver drachma issued by Alexander the Great, or a silver denarius issued during the reign of the early Roman emperors, or a bronze coin minted in the time of Archimedes.Human beings have always had a curiosity to know about bygone years and coin collection provides an excellent opportunity to delve into history.

Coin collecting is a good investment as well; a well-researched coin collection can be an asset during one's lifetime, or for posterity.There are many stories of people making huge amounts of money by selling an inheritance of coins and stamps.Some special coins are inherently valuable, whereas many others have their value determined by the demand and supply cycle.The coin market generally determines the value of coins based on the design, the surface and the historical significance of the coin.The interesting fact about coin values is that while rare coins may generally be in demand, all rare coins are not valuable.Similarly, age is not a significant factor determining coin value.Some coins issued in the
U.S. during the last fifty years may be worth a fortune, while Roman coins dating back two thousand years may not fetch more than a few dollars.An organized collection commands more value than an accumulation of miscellaneous coins.

Article Source: Coin Collecting Guide
  • fiftytoyou - Use this promo code and get $50.00 discount