Guide Coin Collecting - A Valuable Hobby

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  1. 7 Reasons to Collect Coins
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  3. Coin collecting
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  5. The Hobby of Coin Collecting

Studying coins and their backgrounds can lead to interesting discoveries and facts about history, politics, society, and culture. Take, for example, the recent issuance of the State quarters and Presidential dollar coin programs. There is plenty to be learned just from these two recent coin series. Since gold and silver are ever-increasing in value due to limited worldwide supply, many collectors search for coins to add to their collection with only this consideration in mind.

Much to the surprise of many, there are valuable coins that likely pass through your fingers quite regularly. Not many people realize it, and even fewer are wise enough to hold on to these coins when they have the opportunity. Also, the heavier coins are worth even more, so be on the lookout for these so you can start your collection.

7 Reasons to Collect Coins

If you want to really face reality, paper and coin money may not even exist when your young ones reach their own adulthood. With this in mind, many parents are happy to purchase brand new coins directly from the bank or mint in hopes of an increase in value that their children and future generations can benefit from.

Do not think for a second that these coins will not increase in value over time. Even though we do not use as many precious metals to produce coins as we used to, condition of coins is also a big contributing factor to its value. It may not make them millionaires, but it could prove to be a worthwhile investment for your children for a relatively small initial investment. My dad is a stamp collector. When I was younger, I did not understand the appeal.

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There is something so serene about rifling through your collection, taking inventory, or looking for one specific piece. Hobbies are very important both for stress relief and just to get away from everything and enter your own little world, if only temporarily. Coin collectors have been around since before the Roman Empire, and do not look to be dying off in the near future.

Whether you think it is an absolute bore, or a potential endeavor to undertake, you can not deny that these reasons are appealing.

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You may well have a completely different reason for beginning a collection. Whatever the case, give it a shot. Have you ever collected coins or any other item? Do you do it for the money or for the joy of it? You are looking at Matthew Breed. He is a 30 year old sports nerd who lives in North Florida with his fiancee, Sarah. Originally in school for a Business degree that did not work out due to capricious youth and irresponsibility, he is currently "getting past" his Peter Pan syndrome and attends classes for a degree in Information Technology while working full time.

His care for personal finance stems from a modest upbringing with fiscally responsible parents who highly value education and frown upon frivolity. Make Money Believe it or not, collecting coins can be fruitful. Educational You probably would not even realize it until fully immersed in collecting, but a lot can be learned from collecting coins.

Encourage your family to participate and they will be far more likely to want to continue collecting. It's an odd and expensive hobby to just adopt in adulthood, but if the love is fostered early it will last. Those who believe they can do something and those who believe they can't are both right. Where do you find them? It's an odd and expensive hobby to just adopt in adulthood, but if the love is fostered early it will last I agree! I personally think finding a young coin collector has always been a relatively less common thing since decades but definitely not a rare phenomenon.

At my local coin club meetings, I constantly see a couple guest attendees every month who have just started collecting. At the same time I don't think its thriving though that depends on the country. I think its just paddling along. However, its definitely morphing from picking-out-of-circulation to more buy-from-the-mint collector types.

Outings administrator yvon Joined: It will die one day, like all of us will do But in the meantime we can enjoy it. I don't think it is dying out but it is evolving. True the older coin collecters are becoming less every year and with them the traditional style coin dealers.

Younger collectors are nowadays communicating, buying, researching online. As for the prices, if you compare to 20 years ago they are increasing in value rapidly for scarcer coins. If you like coins, medals and tokens with ship motives follow my new instagram account with daily updates numisnautiker SquareRootLolly Joined: Also, the three below fiveteens are also the only three among the thousands in the venue.

However, it is glad to see that some teenagers or young adults have started to collect coins History is not the trend now, so they may not spark interest on coins. Gaming is the trend now. It is a less popular trend, but I do not think using dying is appopriate. Reason has always existed, but not always in a reasonable form.

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Hello, I think that, just like exteme sports enthusiasts tend to be of a certain age range, so do coin collectors. That we tend to be older does not mean that the hoby is dying; it is just a characteristic of the hobby. So, as long as there are older people, the hobby will go on. I would have loved to start collecting at a younger age, but I didn't because it was not a priority.

Now that I am older, I have a little more time, a few extra cents, and less crazy desires I hope my kids appreciate and enjoy coins, but I rather they go out, scratch their knees, get tired from running and jumping amd pushing their physical limits while they are young. Then, when things settle down, have a little white start to show in their hair, then that's when I hope they rediscover the beauty of coin collecting Referring to older coins, not the kind you can either pluck from circulation or buy fresh from the mint, the collector of those vintage pieces has always been a buy sell deal, and from what I see the market isn't declining at all; I always see dealers counting wads or sometimes literal suitcases of money at large coin fairs.

I honestly don't think coin collecting would 'die' or even decline if we took physical coinage out of use; if anything it could increase demand and interest in collectors old and new. The age thing isn't really true I feel; maybe I'm just speaking for myself as an 18 year old but the average age of coin collectors in say, was probably in the 30s at least. Also in flea markets it is often the same people that are searching for coins. Some of them are below 30 or seems to!

Nonetheless, when i was at high school i never met someone in my school who was collecting coins. I'm now at the university and it's the same. However, i'm sure there are, they are just hard to find, i guess. Myself I'm not telling everybody that because most young people find that boring. They associate the fact that many old collectors are old and they consider you as old in your mind. Uh, sorry for the "old" people who are reading this, I've got nothing against being old or whatever.

In Japan - NO. I have lived in Japan for a year and joined coins events. There are several young collectors walked in the events. They rarely appeared in Numista. They may use Numista to store info of their collection, but they have their own hobby community and Twitter, which they use for swapping. There were two coin booms in Thailand and I think many young people have become collectors.

I also became a collector in the first boom. Catalog editor for Thailand and Japan. I don't know if the hobby is dying but it's sure dwindling, evolving too. How many of us became collectors because we found nice coins in our change, or because of exotic coins we got on holidays abroad? On the other hand it's getting more professional, with companies grading millions of coins per year and every mint churning out tokens. I feel more people collect as an investment rather than a hobby. Hello, Collecting coins is not a hobby, it is a disease and its very contagious.

Nobody will invent an effective medicine for this disease for a very long time. Iam with rysiek it is more of a disease than a hobby. But I think the younger ones just starting to walk may never use or see coins. So the bug can bite them. The hobby not dying coins are dying.

Coin collecting

And how you find them. I need too put things in order. And take some time off. Thank you yours daryl Monninen1 Joined: Here, I have never seen a coin collector under twenies - usually people get interested in coins when they retire. I wouldn't say it's dying. In fact, I constantly see people bringing kids with them to coin shows, and kids showing interest and asking questions.

Also, many people get into coin collecting when they inherit a collection, and that usually doesn't happen until later in life. Of course, dealers who specialize in more valuable coins won't see a lot of business from younger collectors who don't have a lot of money to play with, so I can see how they might form that opinion, but it's because these dealers only see one segment of the market, not because of the market as a whole. Disagree, Simply for the fact that many collectors around my area, including me, are young, I have seen some age 8, although collectors of commemorative coins that they get in change I myself started at age 10, and am still going now, although a long hiatus was made.

Thanks for everyone's input! To me I think the argument that someone from a generation that never uses coins will not start collecting, is false.

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We could make the same argument for various other collectibles that regular people don't use on a daily basis but are still interested in collecting, for example military medals like the ones on that other thread. Maybe less likely, but who can say for sure. It sure seems that way to me, at least here where there is only coin shop left and it only sells US. In my 20s, I again began collecting world coins and never stopped to this day. About three years ago, I began collecting American coppers which I could not afford in my younger years while raising a family , then changed gears.

Now I buy coins I like and pay no mind to where it is from or what it is made of. This is a sort of addiction which goes well with my love of history and doing genealogy. I know many people worldwide in their early 30s and beyond who are avid collectors and sellers. There may be an ebb and flow within the hobby, depending on personal disposable wealth. Check YouTube and you find very young entrepreneurs buying and selling silver coins. There is one very young boy who started with a couple hundred dollars, now spends thousands, and will probably retire at a very young age.

He is the exception, but good to see. I don't foresee a decline; just more innovative ways of collecting.

The Hobby of Coin Collecting

To my mind numismatic now becomes "older" but it is true for all our life as well. A serious coin collecting is rather expensive hobby now. My budget of previous year reported I had spent near 70 EUR for coins. I don't think I was able to spend such amounts per year 10 years ago. Only a few people can form a real coin collection before years old. I don't think a boy searching a box with "10 cents per coin" stuff is a numismat My dream is to leave my collection to him or his children.

And the last thing I'd like to admit.

The number of high quality coins on the market decreased in last few years. I'm looking for 2 rupees coin from german Africa in at least XF condition for the last 3 years. And I didn't see anyone. So I don't think it is a dying hobby.