Starting your own coin collection is a very absorbing activity for entertainment. While hunting for a rare coin, people have a great opportunity to study something from history and geography and, of course, meet new aquaintances. There are people who collect coins for thier own pleasure that like to find rare coins with historical and artistic value. However there are also a lot of so-called “investors”, the numismatists that seek for searching only expensive coins in order to get the most money for them. If you have just begun collecting coins and would like to become a successful numismatist, it’s important to know some crucial things about this process in order to make a great collection.
First of all, it is important to keep in mind the history of money. Throughout the ages people used to produce a lot of money. It was provoked by the development of trade relations. A large amount of these money samples were saved however some, of course are either lost or unable to be restored. Because many coins were used for a long time, they frazzled, lost their denomination for collectors; and there are such coins that completely lost their attributes. That’s why among all the coins, it’s better to choose the ones which have better quality.
Every country has its own most valuable coins, that’s why an amateur numismatist shouldn’t collect just any coin they can find. Among all those exemplars, it’s better to find those that remained in their fine condition. The quality of the coin condition means that precisely those coins were valued at the time of their output and they were carefully preserved.
In order to understand which coins are valuable, it’s important to study the criteria that determine the value of the coin. These criteria are combinations of rarity, class and favor of the collectors. The combination of rarity depends on the number of releasing samples and the number of the coins that were preserved in these latter days. The collectors usually pay attention to some special marks on the coins which are called chop marks. The class of a sample is another important factor in collecting. A class is a condition of a coin in comparison with its condition when the coin was produced. It’s quite easy to determine the age of the coin judging from the mint-made date.
However, it doesn’t identify the value of the coin. In order to determine the denomination of the coin, it’s important to know not only the date of when it was issued, but also its mintage and popularity. If you can’t determine it by yourself, you can consult an experienced collector or try to find your sample in the special catalog where the production line and its quality are documented. Every amateur collector should understand that a high-quality collection must be not only valuable but also complete. Don’t rush from series to series, trying to get a coin that is available right now, but better concentrate on the fulfillment of one of your series.
In order to save your collection for the longest period of time, it’s necessary to keep in mind permanent temperature and low humidity. For a longer custody of the coins, it’s better to use special plastic capsules of different forms and sizes. They can be tightly closed and kept away from humidity.
Coin collecting can become a great hobby for everybody. You can start a coin collection at any age, devote as much time as you have to it and have fun!