coin collecting

 

  • By the mid 20th century, with the growing market for rare coins, the American Numismatic Association helps identify most coins in North America, numbering coins from 1 (poor)
    to 70 (mint state), and setting aside a separate category for proof coinage.

  • Coins of interest to collectors often include those that were in circulation for only a brief time, coins with mint errors, and especially beautiful or historically significant
    pieces.

  • [22] A PCGS graded silver coin Grade and value In coin collecting, the condition of a coin (its grade) is key to its value; a high-quality example with minimal wear is often
    worth many times more than a poor example.

  • For example, some collectors focus on coins based on a common theme, such as coins from a country (often the collector’s own),[17] a coin each year from a series,[18] or coins
    with a common mint mark.

  • [21] Modern-day coins are a popular and important part of coin collecting.

  • It also seems probable that individual citizens collected old, exotic or commemorative coins as an affordable, portable form of art.

  • [2] However, the collection of coins for their artistic value was a later development.

  • [19] There are also completists who seek an example of every type of coin within a certain category.

  • Collectors have created systems to describe the overall condition of coins.

  • [citation needed] This is most common with coins whose metal value exceeds their spending value.

  • Many factors determine a coin’s value including grade, rarity, and popularity.

  • One of the most famous of this type of collector is Louis E. Eliasberg, the only collector thus far to assemble a complete set of known coins of the United States.

  • [13] They may wish to take advantage of a spike in demand for a particular coin (for example, during the annual release of Canadian numismatic collectibles from the Royal
    Canadian Mint).

  • They usually serve as a source of information and unification of people interested in coins.

  • [13] Speculators may also buy common circulation coins for their intrinsic metal value.

  • One of the first legislation the new country enacted was to mint coins to replace the Spanish currency that had been in use.

  • Another frequent reason for purchasing coins is as an investment.

  • Likewise, as with most collectibles, a coin collection does not produce income until it is sold, and may even incur costs (for example, the cost of safe deposit box storage)
    in the interim.

  • Perhaps because only the very wealthy could afford the pursuit, in Renaissance times coin collecting became known as the “Hobby of Kings.

  • Speculators, be they amateurs or commercial buyers, may purchase coins in bulk or in small batches, and often act with the expectation of delayed profit.

 

Works Cited

[‘1. Garrett, Jeff (10 February 2023). “Pricing Hard-to-Price Coins”. Coinweek. Retrieved 4 March 2023.
2. ^ “The Origins of Coinage:The earliest coin hoard”. The British Museum:Explore/Money. britishmuseum.org. Retrieved 26 August 2009.
3. ^ “Coin
Collecting”. britannica.com]. Retrieved 14 December 2010. Quote: “The Nestorian scholars and artisans who served the princes of the Jazira (Mesopotamia, now Iraq, Syria, and Turkey) in the 12th and 13th centuries designed a magnificent series of coins
with motifs based on ancient Greek and Roman issues. Some of these so accurately render the details of the originals that even the inscriptions are faithfully repeated. Others were modified in intriguing ways. […] The great variety and the sophisticated
use of these images reveal the existence of well-studied collections.”
4. ^ Jump up to:a b “Coin Collecting”. Britannica Online. britannica.com. Retrieved 26 August 2009.
5. ^ “Tranquillus, C. Suetonius The Lives of the Twelve Caesars, Section
LXXV”. gutenberg.org. Retrieved 23 August 2009.
6. ^ Norwich, John Julius (1993), Byzantium: The Apogee, London: Penguin, p. 309, ISBN 978-0-14-011448-5
7. ^ “Ferdinand I | Holy Roman emperor | Britannica”. www.britannica.com. Retrieved 28 September
2022.
8. ^ Jump up to:a b “The Coin Collection History”. coincollectingalbum.com. Archived from the original on 12 September 2009. Retrieved 26 August 2009.
9. ^ “Brief History of Coin Collecting”. 2-clicks-coins.com. Retrieved 26 August 2009.
10. ^
“Coin Collectors: Emperor Maximilian”. zoomcoin.com. Archived from the original on 10 February 2013. Retrieved 26 August 2009.
11. ^ “Coin Collecting”. BBC. Retrieved 26 August 2009.
12. ^ “Brief History of Coin Collecting”. 2-clicks-coins.com.
Retrieved 26 August 2009.
13. ^ Jump up to:a b c “Collecting And Investing in Coins”. oldandsold.com. Retrieved 26 August 2009.
14. ^ “First patriotic coins”.
15. ^ “National Purple Heart Hall of Honor Commemorative Coins | U.S. Mint”. www.usmint.gov.
Retrieved 28 September 2022.
16. ^ “10 Rules of Coin Collecting | Coin Collection Tips | American Numismatic Association”. www.money.org. Retrieved 16 September 2021.
17. ^ “Coin Collecting Themes-One From Every Country”. australian-threepence.com.
Retrieved 26 August 2009.
18. ^ Eggleston, Gary. “7 Popular Coin Collecting Themes”. bellaonline.com. Retrieved 26 August 2009.
19. ^ “Coin Collecting Themes”. coinandstampcollecting.articlehq.net. Archived from the original on 15 September 2008.
Retrieved 26 August 2009.
20. ^ Hall, David. “The Eliasberg Collection”. PCGS – The Professional Coin Grading Service. Retrieved 14 October 2013. His goal was to assemble a complete collection of United States regular issue coins, of every date,
metal, denomination, and mint mark known to collectors at the time. He accomplished this monumental feat by 1950, by purchasing the last gold coin he needed (1841 $2 1/2) in 1949 and the last silver coin he needed (1873-CC no arrows dime) in 1950.
21. ^
“Coin Hoards”. australian-threepence.com. Retrieved 26 August 2009.
22. ^ Jump up to:a b “What is a Coin Collector?”. 2-clicks-coins.com. Retrieved 26 August 2009.
23. ^ Herbert, Alan (20 September 1999). “European Collectors Stick With Verbal
Grading System”. Professional Coin Grading Service. pcgs.com. Archived from the original on 14 June 2011. Retrieved 26 August 2009.
24. ^ Guth, Ron (2009). “German Coin Grading”. germancoins.com. Retrieved 26 August 2009.
25. ^ “Grading Standards”.
fleur-de-coin.com. Retrieved 26 August 2009.
26. ^ “The History of Rare Coin Grading”. Austin Gold Information Network. Archived from the original on 6 September 2009. Retrieved 26 August 2009.
27. ^ “Coin Grading Services: Who They Are and What
They Do”. coin-collecting-guide-for-beginners.com. Retrieved 26 August 2009.
28. ^ “Coin Grading Systems – The History of Coin Grading Scales”. About.com. Archived from the original on 16 November 2007. Retrieved 13 December 2009.
29. ^ “NGC”.
ngccoin.com. NGC.
30. ^ “PCGS Coin Facts”. pcgscoinfacts.com. pcgscoinfacts.com. Retrieved 5 September 2015.
31. ^ Travers, Scott (10 October 2009). “THE 10 GREATEST MYTHS OF ‘SLABBED’ COINS”. usgoldexpert.com. usgoldexpert.com. Retrieved 7
September 2015.
32. ^ “A Companion to Rare Coin Collecting – Grading Services”. mycoincollecting.com. Retrieved 26 August 2009.
33. ^ “PNG, ICTA Announce Results of 2006 Grading Services Survey”. pngdealers.org. Professional Numismatists Guild.
Archived from the original on 21 September 2015. Retrieved 7 September 2015.
1. Garrett, Jeff (10 February 2023). “Pricing Hard-to-Price Coins”. Coinweek. Retrieved 4 March 2023.
2. ^ “The Origins of Coinage:The earliest coin hoard”. The British
Museum:Explore/Money. britishmuseum.org. Retrieved 26 August 2009.
3. ^ “Coin Collecting”. britannica.com]. Retrieved 14 December 2010. Quote: “The Nestorian scholars and artisans who served the princes of the Jazira (Mesopotamia, now Iraq, Syria,
and Turkey) in the 12th and 13th centuries designed a magnificent series of coins with motifs based on ancient Greek and Roman issues. Some of these so accurately render the details of the originals that even the inscriptions are faithfully repeated.
Others were modified in intriguing ways. […] The great variety and the sophisticated use of these images reveal the existence of well-studied collections.”
4. ^ Jump up to:a b “Coin Collecting”. Britannica Online. britannica.com. Retrieved 26
August 2009.
5. ^ “Tranquillus, C. Suetonius The Lives of the Twelve Caesars, Section LXXV”. gutenberg.org. Retrieved 23 August 2009.
6. ^ Norwich, John Julius (1993), Byzantium: The Apogee, London: Penguin, p. 309, ISBN 978-0-14-011448-5
7. ^
“Ferdinand I | Holy Roman emperor | Britannica”. www.britannica.com. Retrieved 28 September 2022.
8. ^ Jump up to:a b “The Coin Collection History”. coincollectingalbum.com. Archived from the original on 12 September 2009. Retrieved 26 August 2009.
9. ^
“Brief History of Coin Collecting”. 2-clicks-coins.com. Retrieved 26 August 2009.
10. ^ “Coin Collectors: Emperor Maximilian”. zoomcoin.com. Archived from the original on 10 February 2013. Retrieved 26 August 2009.
11. ^ “Coin Collecting”. BBC.
Retrieved 26 August 2009.
12. ^ “Brief History of Coin Collecting”. 2-clicks-coins.com. Retrieved 26 August 2009.
13. ^ Jump up to:a b c “Collecting And Investing in Coins”. oldandsold.com. Retrieved 26 August 2009.
14. ^ “First patriotic coins”.
15. ^
“National Purple Heart Hall of Honor Commemorative Coins | U.S. Mint”. www.usmint.gov. Retrieved 28 September 2022.
16. ^ “10 Rules of Coin Collecting | Coin Collection Tips | American Numismatic Association”. www.money.org. Retrieved 16 September
2021.
17. ^ “Coin Collecting Themes-One From Every Country”. australian-threepence.com. Retrieved 26 August 2009.
18. ^ Eggleston, Gary. “7 Popular Coin Collecting Themes”. bellaonline.com. Retrieved 26 August 2009.
19. ^ “Coin Collecting Themes”.
coinandstampcollecting.articlehq.net. Archived from the original on 15 September 2008. Retrieved 26 August 2009.
20. ^ Hall, David. “The Eliasberg Collection”. PCGS – The Professional Coin Grading Service. Retrieved 14 October 2013. His goal was
to assemble a complete collection of United States regular issue coins, of every date, metal, denomination, and mint mark known to collectors at the time. He accomplished this monumental feat by 1950, by purchasing the last gold coin he needed (1841
$2 1/2) in 1949 and the last silver coin he needed (1873-CC no arrows dime) in 1950.
21. ^ “Coin Hoards”. australian-threepence.com. Retrieved 26 August 2009.
22. ^ Jump up to:a b “What is a Coin Collector?”. 2-clicks-coins.com. Retrieved 26 August
2009.
23. ^ Herbert, Alan (20 September 1999). “European Collectors Stick With Verbal Grading System”. Professional Coin Grading Service. pcgs.com. Archived from the original on 14 June 2011. Retrieved 26 August 2009.
24. ^ Guth, Ron (2009). “German
Coin Grading”. germancoins.com. Retrieved 26 August 2009.
25. ^ “Grading Standards”. fleur-de-coin.com. Retrieved 26 August 2009.
26. ^ “The History of Rare Coin Grading”. Austin Gold Information Network. Archived from the original on 6 September
2009. Retrieved 26 August 2009.
27. ^ “Coin Grading Services: Who They Are and What They Do”. coin-collecting-guide-for-beginners.com. Retrieved 26 August 2009.
28. ^ “Coin Grading Systems – The History of Coin Grading Scales”. About.com. Archived
from the original on 16 November 2007. Retrieved 13 December 2009.
29. ^ “NGC”. ngccoin.com. NGC.
30. ^ “PCGS Coin Facts”. pcgscoinfacts.com. pcgscoinfacts.com. Retrieved 5 September 2015.
31. ^ Travers, Scott (10 October 2009). “THE 10 GREATEST
MYTHS OF ‘SLABBED’ COINS”. usgoldexpert.com. usgoldexpert.com. Retrieved 7 September 2015.
32. ^ “A Companion to Rare Coin Collecting – Grading Services”. mycoincollecting.com. Retrieved 26 August 2009.
33. ^ “PNG, ICTA Announce Results of 2006
Grading Services Survey”. pngdealers.org. Professional Numismatists Guild. Archived from the original on 21 September 2015. Retrieved 7 September 2015.
Photo credit: https://www.flickr.com/photos/97898436@N03/9111896677/’]