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Coin Collection - The Art Of Numismatics

The first known coin collector was scratched and otherwise worn. To have a
Petrarch, who lived way back in the 15th collection that will increase in value
century. A century later, Hubert Goltz over time, a collector should consider
visited a number of coin collectors uncirculated mint coins. These are
throughout Europe and estimated that were generally available when a coin is first
approximately 960 collections in total. released and are not worn in any way.
Numismatics gradually became a favorite Their value is higher than coins in
hobby of royalty. Francis I of Austria circulation.
wrote about his collection of gold coins Coins issued in different metals than the
in 1756. The British Museum established regular issues are also collectible.
one of the first coin catalogues. From Prior to World War Two, pennies were
this have emerged more than 100 minted in copper. When copper was needed
publications devoted to coin collecting. in America's war industries and could not
Today the word coin refers to standard be spared for coinage, the government
issue, commemorative or presentation authorized the use of steel to produce
pieces duly authorized by the federal pennies. After the war, copper was again
mint. This excludes coins privately used to produce pennies, enhancing the
minted coins. The most common substances value of the steel pennies. Today, it
used in making coins are gold, silver, costs more than a penny of copper to make
copper and nickel. Alloys, such as copper a penny.
and nickel, are also used to produce Congress is exploring the use of other
coins, such as the US 25 cent piece, that metals to make pennies. Should this
are less expensive to produce than single occur, the last copper pennies would
metal coins. increase in value, as would the new
There are many different types of coins pennies. Design changes can also affect
for collecting. One can collect a the value of a penny. For many years,
specific denomination by date of issue, pennies with wheat designs on the reverse
country of issue, mink mark, proof sets, side were issued. The design was changed,
uncirculated condition, metal content, thus increasing the value of the old
design or mint errors. It is ultimately design. A word of caution: all coin
up to the collector to decide what to values are based upon the availability of
collect. the coins and their condition. Coins that
Once the collector has decided on which are readily available or worn may
area to collect, it's time to get increase in value over time, but not as
started. One area that is common today is much as mint, uncirculated varieties.
the US state quarter. They are found There are many places that a coin
frequently in pocket change. Commercial collector can go to find coins. There are
booklets are available to store the coin clubs, dealers, online and on
quarters. If a collector just wants all television auction sites, and even
50 state quarters, they are relatively companies that specialize in mail order
easy to find. Because so many have been purchases. You don't have to be rich to
issued, the value of circulated coins is be a coin collector. Choose your area of
low. Coins in circulation get nicked, specialty and then jump in.




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