People collect all sorts of things for all sorts of reasons. Some of us aren’t the least bit interested in amassing a salt and pepper shaker collection that takes up a whole room. However, some of us can’t understand why people just don’t see the beauty in Batman paraphernalia. The point of collecting something is to spark interest and learn more about something you’re passionate about.
Collecting is subjective, but it all has something to offer! Coin collecting is no different!
People collect coins for various reasons. Some collect because they find the historical nature of the hobby to be interesting. Each coin is an actual piece of the everyday life of people who lived decades, even centuries ago. These coins were worn by the hands of thousands of people, some of whom may even be people you’ve heard of.
Others collect for profit or investment. Coins are a commodity, and business in coins is a huge industry. Coin collections grow in value with time, due to the ever-increasing popularity of the hobby and the increased scarcity afforded by age. One of the great attractions even for hobbyists with no interest in investing is that a box of coins straight from your bank could in a generation or two be a treasure trove of immense value.
This aspect of collecting as a hunt for buried treasure is actually what brings many people into the hobby for the first time, as loose change can hide some surprises. There are still coins in circulation that are old enough to be worth more than their face value, and in rare cases, can be worth quite a lot.
Some people think coin collecting is boring. If so, then it’s not the hobby for them! However, others find themselves fascinated by the simple receipt of change at the grocery store.
A big part of becoming a successful coin collector is to study the subject and always find out new information as it becomes available. Join a local coin club if there is one available in your area. You will make friends and gain new knowledge about numismatics you never knew you could find!
Look for coin collecting groups on the internet. This can be a tremendous networking opportunity for you and the chance to find someone who has a coin you want. The more people you know who are into coin collecting, the more opportunities you will have to add to your collection and perhaps make a little money as well.
Don’t discount researching on e-bay either. E-bay can be a great wealth of information about what’s hot in the area of selling your coins on e-bay. It can help you identify some potentially valuable coins that are already in your collection.
So the next time you’re walking down the street and look down to find a shiny penny, pick it up! Look at it closely. Do you find anything special about it? Someone else might!
Kind of gives new meaning to the phrase “Find a penny pick it up, all day long, you’ll have good luck!” If you’ve found an early issue wheat penny then that would truly be good luck, indeed!
Guide to Coin Collecting – Index