| Not any coin gets the collectors' attention; there | | | | certain themes only (e.g. collect only coins to |
| are certain features that makes one coin | | | | commemorate leaders) or one can focus one a |
| collectable and another not so much. Coins that | | | | particular year. It is not difficult to start this |
| are no longer in circulation and therefore rare gain | | | | hobby. If you travel you can keep all the coins in |
| value over time, coins that are minted to | | | | your change form your travel. The expensive |
| commemorate certain events or persons are also | | | | part comes when you try to compete and try to |
| very valuable and more so if they are old and no | | | | complete the collection as much as possible. If |
| longer in general circulation. Also coins that may | | | | you cannot get the coins you needed yourself |
| have minting errors on them or any other special | | | | then you will have to buy from another collector |
| appearance are valuable. Commemorative coins | | | | who might have extra or is just willing to part |
| are especially important for gaining value. Others | | | | with it. It is possible to make money from a coin |
| reasons may include condition of the coin, beauty | | | | collection but just like any other business venture |
| of design and need by other collectors. For | | | | collectors need to study the market well and not |
| example the new Canadian silver coins to mark | | | | be too excited. All the factors that normally |
| the 2010 Olympics in Canada will cost a lot for | | | | affect a business will affect the coin market too. |
| collectors say in 10 to 20 years. There are many | | | | There are things to look out for; for example |
| coin dealers groups and clubs that pass | | | | marks and any damage on the coins could reduce |
| information to each other as well as trade | | | | their value although sometimes it may actually be |
| between each other. The internet has also been | | | | what makes them get collected. There several |
| instrumental in helping in the forming of groups | | | | groups bringing together the coin collecting |
| and the selling and exchange of coins and | | | | population and offering services such as grading of |
| information between collectors. It is much easier | | | | coins and encapsulation of coins. It is hard to say |
| to source coins that one desires. Just like stamp | | | | if the grading is based on any science at all and is |
| collecting coin collecting offers the collector a wide | | | | can best be said to be subjective. Collectors need |
| choice just that it would be quite expensive and | | | | to know that fraudsters can also create |
| exhausting to collect everything. Therefore most | | | | counterfeit coins and try to pass them for rare |
| collectors would rather focus on a particular area | | | | coins so they will be better off trusting a grader |
| only. One can focus on a country, or an era, or | | | | than buying blindly. |