Coin collecting is a hobby that’s pretty rewarding and boasts a rich history. It’s believed to have started in ancient times among wealthy individuals and scholars. Over time, collecting coins has gone beyond being a simple pastime and become a lot more popular with the masses. Being passed down to generations, coin collecting still exists even in today’s digital world.
But what are convincing reasons to collect coins in the first place? This is a question you might be asking yourself as you try and assess whether this is a worthwhile venture. If so, worry not as detailed in this guide is an in-depth look at the different reasons why you need to start collecting coins. Continue reading to learn more.
- Coin Collection Can Help With Relaxation And Stress Relief
Pressure and stress are part of daily life. However, you can keep your mind engaged with the hobby of collecting coins and studying their origin. As a result, you free your mind from whatever struggles you’re facing in routine daily life.
To start collecting coins, you can buy them online either from reputable dealers such as Infinitycoins.com or go to a brick-and-mortar store to get one.
- You Can Enjoy It With Your Children
In most cases, kids usually choose a different path from what their parents use, especially regarding the hobby. But this doesn’t mean you can’t introduce them to collecting coins. Thus, share this hobby with your kids and make it your connection point as a family. Besides, coin collection doesn’t consume much time and this means anyone can make it a hobby.
Sharing a hobby with your family will offer a platform to work together and learn more about old coins and their history. This will also enable you to make decisions with your family, especially concerning the next coin you look forward to working on as a team.
- Coin Collecting Is A Relatively Affordable Investment
This hobby is relatively budget-friendly and anyone can enjoy it due to its affordability. Nonetheless, if you have sufficient capital, feel free to invest a good amount to build an admirable and inspiring coin collection.
Similarly, you can still work with whatever you have and create a meaningful coin collection. There are absolutely zero restrictions on the years, types, and varieties of coins you decide to collect. This means you can invest an insignificant sum of money and gain more in the long run.
- Collecting Coins Can Make You Money
Coin collection is a unique business that emerges as a fruitful undertaking after a while. Remember, the more coins you have, the more you’ll likely gain value. But, if you decide to stop collecting these coins, you’re guaranteed your entire investment back unlike others by selling your collection pieces to interested buyers.
- Coin Collection Promotes Art And Beauty
Each coin features a specific design, which is the work of an artist with extraordinary skills. Remember, there are multiple artists in the industry that can design coins, but excellent artists are those who understand well bas relief sculptures. Furthermore, many numismatists agree that the most stunning coin designed in the United States was the Saint Gaudens double eagle, produced between 1907 and 1933.
Apart from that, there are some beautiful coins, such as:
- The Lion on a British £5 Gold Coin;
- William Wyon’s the Una;
- Bella Lyon Pratt’s Indian Head quarter eagle and half eagle; and
- Victor David Brenner’s Lincoln cent.
A coin collection is also a collection of art. In most cases, the owners of coin collections love displaying fantastic art on the coin without fear. Through coin collection, you’ll appreciate the beauty and skill behind their craftsmanship.
- Coins Usually Feature Precious Metal Content
Numerous coin collectors usually collect coins because they feature valuable metal contents. In addition, metals such as gold and silver usually increase in value. This has made almost everyone get into the hobby of coin collection. If US coins produced before 1965 featured a silver content of 90%, there’s no doubt that the metal content in most coins is valuable when put out in the market. For a beginner like you, building up a coin collection can enable you to get your hands on valuable metals.
- Coin Collecting Can Give You A Challenge That You’ve Been Looking For
Collecting coins while no doubt fun can be daunting because, sometimes, finding the best coin can be difficult. This challenge can be very exciting if you’ve just started this hobby. There’s usually anxiety and excitement when searching for a coin designed in a particular country, state, or year. As much as coin collection is a challenge, it also guarantees you a sense of accomplishment at the end which is rewarding and fulfilling inside.
- Coins Possess A Unique And Important History
You should also consider buying coins because of their history, be it of their region, country, or state. There’s a particular fascination that comes with these portable items with some coins usually linked to certain historical times, events, rulers, and others.
In addition, coins possess excellent beauty thanks to their intricate and unique design which can indicate the cultures, beliefs, and practices back in the time they were newly minted.
- Coin Collecting Can Be Done For Educational Purposes Too
Coins are imperative resources for education, with old coins especially used to educate people on more exciting things about the past.
To understand the history of any region or country, ensure you study its coin. Collection of coins will also assist you in learning more regarding varying coin production aspects as well as their design.
On the other hand, coin collectors are advantageous because they get an opportunity to learn about numismatics and the economics of the past.
In a nutshell, old coins are incredible educational resources for individuals interested in getting enlightened about the world’s currency, history, economics, and the like. Here’s a highlight of a few things to learn from old coins:
- Value proposition;
- How it managed to reach its current position;
- How to identify fake coins;
- Coin rarity and historic past;
- Numismatics and economics;
- Varying features of coin design and production; and
- History of a specific region and country.
As mentioned earlier, coin collection has existed since ancient times and it’s a practice that doesn’t seem like it’ll fade away to obscurity any time soon. So now since you understand the reasons behind coin collection, you shouldn’t hesitate to give it a shot. You can opt for it as a hobby or a source of income depending on your intentions.