Numismatic Coins are collected by one who enjoys Numismatics.
Huh? Coin collecting has been a process that is enjoyed for years by both hobbyists and professionals who are intrigued by certain characteristics of a particular coin.
Ah yes, thank you.
Just for further clarification, the online Merriam-Webster dictionary states the definition of numismatics is "the study or collection of coins, tokens, and paper money and sometimes related objects (as medals)".
For the purpose of this article, we will just be reviewing one small aspect of numismatics and that would be the coins.
If this article covered everything, the article would be more of a reference book you might find at the library.
Collecting for the Sake of Collecting With the definition of who collects Numismatic Coins, now we can learn more about why they are so intriguing to certain people.
This unique type of coin generally holds a value that is higher than the coins actual face value.
The value is typically determined based upon the history of the coin and the coins potential value.
The collection of coins has been ongoing for several centuries.
Today, the Numismatic Coins that are collected are those typically minted from the 17th century to current.
They can be from anywhere in the world and the value of each may be different for each numismatist.
The coins could be ones that were made incorrectly and released to the public, they could be extremely rare or perhaps they are coins that were minted for a special occasion such as a commemorative coin is.
A numismatist may desire one type of coin or any coin that catches their attention.
Coins can be Byzantine (Romaion), English (hammered), Greek or Roman.
The collection could be treasured according to certain time periods such as the Post-Colonial era.
Regardless of why a coin is collected, the collector enjoys the search as well as the discovery.
Placing a Value on Numismatic Coins So how are these fascinating finds valued? There are a number of criteria that a coin must meet and on is the grade of the coin.
The grade is the condition and quality of the coin.
Sheldon's Numerical System which was designed by Dr.
William Sheldon in the 1940's and rates coins from 'About Good' or aG-3 to 'Perfect Mintstate' or MS-70.
Another factor is the rarity or the scarcity of the coin.
Then there is the demand for a particular coin.
The demand doesn't necessarily mean that the coin is rare as it could also be popular as the coin has certain flaw or that it has a look that many collectors enjoy.
Of course, there is the old stand-by that the coin is collected due to the value of the precious metal that it is made from.
Keep in mind that not every rustic or funny looking coin you may find will be worth a fortune or anything at all.
Sure it would be nice to stumble across a coin that was extremely rare and worth a million but most numismatists don't think along these lines.
They enjoy the process of finding certain coins and learning about them.
If you do happen to find a coin you may think to be of some value, you can have it appraised by a qualified coin dealer or Numismatist.
Collecting coins can be enjoyed by the young and the old and the coins collected can be found lying on the ground to the inside of an old trunk found in the attic.
Numismatic Coins can be old or new, they can be ugly or beautiful but they are nothing less than treasures from our history to us all.
Huh? Coin collecting has been a process that is enjoyed for years by both hobbyists and professionals who are intrigued by certain characteristics of a particular coin.
Ah yes, thank you.
Just for further clarification, the online Merriam-Webster dictionary states the definition of numismatics is "the study or collection of coins, tokens, and paper money and sometimes related objects (as medals)".
For the purpose of this article, we will just be reviewing one small aspect of numismatics and that would be the coins.
If this article covered everything, the article would be more of a reference book you might find at the library.
Collecting for the Sake of Collecting With the definition of who collects Numismatic Coins, now we can learn more about why they are so intriguing to certain people.
This unique type of coin generally holds a value that is higher than the coins actual face value.
The value is typically determined based upon the history of the coin and the coins potential value.
The collection of coins has been ongoing for several centuries.
Today, the Numismatic Coins that are collected are those typically minted from the 17th century to current.
They can be from anywhere in the world and the value of each may be different for each numismatist.
The coins could be ones that were made incorrectly and released to the public, they could be extremely rare or perhaps they are coins that were minted for a special occasion such as a commemorative coin is.
A numismatist may desire one type of coin or any coin that catches their attention.
Coins can be Byzantine (Romaion), English (hammered), Greek or Roman.
The collection could be treasured according to certain time periods such as the Post-Colonial era.
Regardless of why a coin is collected, the collector enjoys the search as well as the discovery.
Placing a Value on Numismatic Coins So how are these fascinating finds valued? There are a number of criteria that a coin must meet and on is the grade of the coin.
The grade is the condition and quality of the coin.
Sheldon's Numerical System which was designed by Dr.
William Sheldon in the 1940's and rates coins from 'About Good' or aG-3 to 'Perfect Mintstate' or MS-70.
Another factor is the rarity or the scarcity of the coin.
Then there is the demand for a particular coin.
The demand doesn't necessarily mean that the coin is rare as it could also be popular as the coin has certain flaw or that it has a look that many collectors enjoy.
Of course, there is the old stand-by that the coin is collected due to the value of the precious metal that it is made from.
Keep in mind that not every rustic or funny looking coin you may find will be worth a fortune or anything at all.
Sure it would be nice to stumble across a coin that was extremely rare and worth a million but most numismatists don't think along these lines.
They enjoy the process of finding certain coins and learning about them.
If you do happen to find a coin you may think to be of some value, you can have it appraised by a qualified coin dealer or Numismatist.
Collecting coins can be enjoyed by the young and the old and the coins collected can be found lying on the ground to the inside of an old trunk found in the attic.
Numismatic Coins can be old or new, they can be ugly or beautiful but they are nothing less than treasures from our history to us all.
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