Why Coin Collecting is Very Interesting as a Hobby
Why Coin Collecting is Very Interesting as a Hobby
Coin Collecting is fun for all ages. In a nutshell, a coin is a disc shaped piece of hard metal, issued by the governing bodies as a form of money transaction. Coins have been an integral part of money transacton for centuries now .In ancient times coins of all kinds were used as the primary form of currency. Coins such as Gold coins Silver coins even Platinum coins have been a very played a very prominent part in money transactions during medieval period.
As a collectors piece, coins are assessed of their value by their rarity their historical significance their condition and their demand with collectors.Coins Collecting is a very interesting hobby ,some collect coins as a hobby and some for business interests .Some collect coins for their genuine keenness to own a rare piece and some collect coins as a form of investment or for business purposes.
Collecting coins is a form of accumulating or say dealing of coins .Coins which are most recurrently collected are rare pieces which were in circulation for a very brief period before they disappeared,or coins which were minted with some kind of error ,collecting coins can also be collecting of very rare magnificent coins which date back to centuries and hold high value historically.
Collecting of coins has been a hobby for many centuries, then hobby of Kings and Aristocrats, collecting coins then was merely by choice and curiosity for rare art. Modern coin collecting began somewhere in the 14th century , the beginner being Poet Petrarch an Italian scholar is believed to own some of the finest coins ever found in history.
In Aug 1962 the first time ever international convention of coin collection was organized by the American Numismatic Association and the Canadian Numismatic Association. Collecting of coins usually begins by collecting and saving coins which you have received in circulation, but saved the coin as its unusual appearance caught your interest.
Coin collection can begin as a memory of an international trip , or by chance you receiving a very old coin in circulation. His occasional hobby of coin collecting can lead to becoming a very expensive hobby too, as sometimes rare beautiful pieces which catch you interest ca be priced at a very high value. On the contrary this hobby of coin collection can also in the bargain get you rich rewards in exchange for a historical coin which you managed to get your hands on.
People like Louis Eliasberg is a well known collector who is the only man who managed to collect a complete set of well know United States coins.
In Coin Collection the condition, the rarity of the coin is vital to place a value on it.
Coin collecting can become a very aggressive activity, as coin collectors keep thriving for collecting some of the most rare most unique and historical coin .Coin collecting can be of various kinds some are interested in collecting coins belonging to a particular nation ,some like collecting coins of various nations ,some are interested in coins only with historical significance where as there are collectors whose interest lie o error coins too.
While coin collecting as a hobby ca be very interesting, those who collect coins for business purposes have to have well enough knowledge in this field.
Coin Collecting - give it a try!
The Official Blue Book Handbook of United States Coins 2010 (Handbook of United States Coins (Paper))
Rating: 
(out of 13 reviews)
List Price: $ 9.95
Price: $ 4.98
When starting a coin collection, choose the type of coins desired, do research on coins and complete a series of coins before moving on to the next series. Start a coin collection and stay organized with tips from the owner of an antique store in this free video on coin collecting. Expert: Rui Farius Bio: Rui Farias has over 20 years of experience in collecting antiques and coins, and 15 years of experience in buying and selling antiques. Filmmaker: Christopher Rokosz
Video Rating: 4 / 5
Related posts:
- Why Coin Collecting is Very Interesting as a Hobby Coin Collecting is fun for all ages. In a nutshell, a coin is a disc shaped piece of hard metal, issued by the governing bodies as a form of money...
- Coin Collecting - Expanding From a Hobby to a Modern Fashion Trend Coin Collecting - Expanding From a Hobby to a Modern Fashion Trend Coins have been integrated into our society as common currency as well as valuable pieces of history. Collecting...
- Silver Coin Collecting - Hobby of Kings Silver Coin Collecting - Hobby of Kings It is in human beings nature to accumulate things but only collectors make it their avocation. One man’s junk is another man’s treasure....
- Get Started With Coin Collecting: A Fun & Educational Hobby Get Started With Coin Collecting: A Fun & Educational Hobby Coin collecting has grown to be a great hobby over the years for everyone regardless of their age. Many coin...
- No Longer the Hobby of Kings Coin Collecting is for Everyone No Longer the Hobby of Kings Coin Collecting is for Everyone Collecting coins has been called the hobby of kings because in the early days of coin collecting kings were...
Review by Susanna Hutcheson for The Official Blue Book Handbook of United States Coins 2010 (Handbook of United States Coins (Paper))
Rating:
Like another reviewer, I wish this would come in a spiral bound edition. But more to the point, here’s my opinion of the book itself. You pretty much have to own it if you buy and sell coins. But the prices in it are considerably lower than the true wholesale price of most coins. In other words, you’ll lose money if you sell according to the book. I suggest you get The Greysheet and go by those figures — that’s what your dealer goes by. You then take 15% to 20% off the bid and you’ll come close to what “most” dealers will pay. BUT — much depends on the coin(s) and many other variables not included in any reference, including The Greysheet.
To its credit, the book does start with G4 and not AU like the Greysheet. That is helpful for lower grades. It also gives grading descriptions for each coin. And, it gives the mintage.
I use it mostly to take advantage of the very low prices in making my own online bids. If you go by the Blue Book, you’ll never pay too much.
Highly recommended.
- Susanna K. Hutcheson
Review by Thomas Krischan for The Official Blue Book Handbook of United States Coins 2010 (Handbook of United States Coins (Paper))
Rating:
This Blue Book is nearly identical to the Red Book. Here’s the main difference, if the coin value is 40 in the Red Book, it’s listed as 20 in the Blue Book. That’s it. Since I had a 2009 Red Book, it was a big waste of money to purchase a 2010 Blue Book. There is no additional information, the price values are merely cut by 50 percent. Very disappointing.
In addition, the Red is sold with a very nice wired binding for easy page turning. The Red lays flat on your table. The Red has color photographs (Blue is B/W). Don’t buy both books. Pick one and you are forever set.
Pricing in the both guides are inaccurate. I watch PCGS and NGC graded coins on eBay. The grade of the coin is without question. I compare the selling price to the book and it is sometimes close, but often well off. Half of the graded coins sold on eBay are more then 40 percent off the Red Book price. So, what is the point of an up to date price guide, if it isn’t up to date?
Both PCGS and NGC give free value guides about their graded coins. Just go to their site and type in their serial number stamped on the slabbed coin case, you’ll get a price guide. I have found this guide to be more accurate then the book.
The important value of the book is the information and photographs of the coins. The Red Book color photographs are excellent. Great info too. But you only need one of these books because the info is duplicated between the two editions.
I wish the Blue Book would have explained why some coins wholesale for slightly more, or slightly less, than purely 50 percent of retail. Are some classes of coin appreciating faster then others? The book gives no answers.
Review by Fred’s Insight for The Official Blue Book Handbook of United States Coins 2010 (Handbook of United States Coins (Paper))
Rating:
One must have a current Blue Book. It helps to understand the value you can get from selling a coin to a dealer. And it is useful to help understand that there are different amounts of different on different coins. Some coins have Blue Book value rather close to Red Book value.
I wish it were available in wire bound spine as is the Red Book. That would make it easier to hold the book open for reference and set it down to use it handless.
Review by R. Creighton for The Official Blue Book Handbook of United States Coins 2010 (Handbook of United States Coins (Paper))
Rating:
When I decided to sell part of my coin collection, it was very useful in obtaining ball-park figures for their value, both for the numismatic value and for bullion value. I believe it helped me evaluate offers from dealers and to some extent the integrity of the people I was dealing with.
Review by James E. Thornton for The Official Blue Book Handbook of United States Coins 2010 (Handbook of United States Coins (Paper))
Rating:
If you collect coins then you have to have this book. I love it and use it daily.