For pleasure or profit, coin collecting is a hobby that can be enjoyed by many and one that crosses economic and social levels. Brand Cialis With the number of coin collectors worldwide estimated to be in the millions, it is a pastime that many can participate in regardless of their income level. Even young children can enjoy collecting coins and often get their first interest in the practice when they come across an unusual coin, such as a buffalo nickel or a wheat penny.

It is believed the practice of collecting coins can be dated as far back as 650 B.C., originating in Asia Minor. Because banks did not exist, coins were gathered and held by the owners; however, it was common for an unusual, beautiful or rare coin to be retained and passed down from one family member to another.

The first known collector of rare and beautiful coins was Francesco Petrarca (1304 – 1374). Petrarca, often called the Father of Renaissance, often wrote about his collections. It was during the Renaissance that the term “the hobby of kings” originated because of the interest coin collecting generated in nobility and others of wealth and status.

The American Numismatic Society, founded in 1858 and located in New York City, and the American Numismatic Association, founded in 1891 and located in Colorado Springs, Colorado, are the two premier organizations dedicated to the collection and study of coins, medals, tokens and other related objects.

In most cases, the novice collector begins their collection with what is available. In many cases, the collection will start with specialty coins, perhaps ones commemorating a special event, such as the ones the United States Mint released to celebrate the bi-centennial in 1976 or, more recently, the series of quarters commemorating all 50 states.

For the novice collector, the most practical way to organize their collection might be by using plastic sheets designed to hold specific sizes of coins; these sheets can then be contained in a three-ring binder or notebook. As the value of one’s collection grows, care must be taken to secure the collection in a way to protect it from damage or theft.

Dealers, current catalogs, magazines, and auctions can all be useful in determining a coin’s value. For the inexperienced collector, diligent research is advised before purchasing any expensive or rare coins.

In some areas, it may be feasible for the collector to join a coin-collecting club. Engaging with others can provide a wealth of information in determining coin values, as well as providing a way to enjoy some time with like-minded hobbyists.

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Category: Hobbies/Collecting
Keywords: coin values, rare coins