Rare Coins May Be Hiding In Your Pocket

When talking about coin collecting, rare coins are some of the first things to spring to mind. After all, coin collecting is often considered to be an investment and rare coins are the most valuable coins out there. They are highly sought after and coveted and, because they are in so much demand, they tend to be worth a great deal. However, because they are worth a great deal, they tend to be much more in demand, which increases their value. So if you want to look into rare coins, remember that you have some heavy competition.

One of the best places to find rare coins is, of course, in your pockets. No, you are not going to find any coins that are worth thousands. But you can find an occasional needle in the haystack that will be worth much more than you might expect. This is because there are a lot of coins in circulation and some rare coins just float along and get lost in the shuffle because nobody bothered to see what was in their hands. However, as a coin collector, you should take a look at the change that passes into your hands so that you can be sure to catch the occasionally unusual coin that comes your way. Of course, it is difficult to keep your eyes out all the time for that coin that slips through the cracks for years on end, but the rewards are well worth the effort of checking your change routinely.

In order to ensure that you find the rare coins that pass your way, you need to be well informed. Which means that you need to do your research so that you know what to look for. You could have fistfuls of rare coins in your hands, but they are only worth something if you notice that they are rare. So you should keep on top of coin collecting and have the research handy when you look through your change for rare coins. Plus, by doing the research now, you can avoid kicking yourself later for overlooking a rare coin that was right in the palm of your hand.

Though your own pockets may hold a good supply of rare coins, a more reliable place to hunt for rare coins in at your local coin dealer or online. The coin dealer is often superior in this instance, as you will be able to look at the coins directly, rather than relying on photography and description to figure out if the rare coin you desire is the one you are attempting to buy. However, there are reputable coin dealers on the Internet and they have excellent selections of rare coins. But do your research before you buy so that you know the person you are dealing with can be trusted.

Rare coins are not only good investments, they can be fun too. After all, having something unusual that everyone else wants is rather enjoyable on its own. Not only does it provide you with a sense of satisfaction for having found something others overlooked, it gives you the chance to take some pride in your own process of discovery. And, with coin collecting, the fun is not only in having a good collection, it is in building it. So get to building an excellent collection by including some rare 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.