Articles


Old Coins - How To Get Started In This Fun Hobby

by Daniel Wright

Collecting old coins is something that has been done by people for thousands of years, right from the time that coins began being made and used for money. Numismatics is a field related to coin collecting, it is a general study of all money, both coins and currency. Anyone who is interested in collecting old coins may find the following discussion of interest.

Most coin collectors enter the hobby for one of two reasons. The first reason is to collect coins for their monetary value. The second reason is to collect coins for their historic or their artistic value. Coins of particular interest to collectors in either camp include old coins circulated publicly for only a brief time, coins with errors introduced during the minting process, especially beautiful coins, and old coins of particular historical significance.

The mint's location and history is often pertinent to a coin's desirability. For instance, old coins marked CC were minted in Carson City throughout the era of western expansion and gold rushes. Coins from this mint are more highly valued by collectors than comparable coins from different mints.

No matter the reasons behind your interest in collecting old coins, you may find it surprising to learn that entering the hobby requires little money. Many coins of value, historically and otherwise, are sold for mere pennies. Coins of interest may be found in that jar of extra coins on your counter, and by accident while walking in the park. As such, the entire family can find the hobby of coin collecting rewarding.

Coin collectors often get their start after they acquire some interesting coins when they are overseas or when they accidentally find a unique coin somewhere closer to home. After looking into coin collecting as a hobby, they realize that it may be a good place to invest money. After all, the price of metals seems to steadily increase over time.

Because coin collecting is very popular and often deals with items of significant monetary value, many disreputable dealers have sprung up to profit on the ignorance of other people by selling fraudulent or way over-priced merchandise. Therefore, as with many other hobbies related to the buying and selling of popular collectible items, it is wise to first invest some time researching the specifics of the hobby before diving in. To this end, countless books and resources written to introduce people to the hobby of collecting coins are available online and in stores.

Learn more about old coins at the net's premiere rare coin site, US-Rare-Coins.net. If you're interest is old US coins and CC coins, we have it all including a video section showcasing lots of old coins!

Published September 4th, 2008

Filed in Hobby