Archive: coin appraisal

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Fun facts about coins: One of the Eight Precious Objects, coins are naturally a symbol of prosperity.
 



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Coins, Paper Money, Or Stamps?
By Gary Anthony Lacey
What should you collect as a hobby; coins, paper money, or stamps?

Which will be the best investment?

Itís amusing that some people who collect coins, paper money, or stamps, always want some sort of "return". These same people think nothing of buying a new car for $20,000 and selling it three years later for $5,000. A new car loses value as soon as you drive it on the road!

As far as investment in paper money in general, I would not consider it. If someone is buying notes and thinking how much will they be able to get when they sell it again, this person has the wrong hobby. Enjoy collecting for the pleasure and for the beauty of the notes as well as for the fun of it.

Coins and stamps are tangible reminders of years gone by. Yet, while coin collecting is flourishing as a hobby, stamp collecting has gone by the wayside. Many families who inherit stamp collections are more interested in getting the collection appraised than continuing the tradition. You canít collect something if you donít know what it is.

Stamp collecting dates back to 1840, when the first stamp was issued in England. One of the earliest indications of stamp collecting is an advertisement from an English newspaper in which a young woman sought used stamps as a way to wallpaper her room. Soon, post offices discovered stamp collectors as good sources of revenue. From there, an unprecedented surge began.

There are no rules about stamp collecting. Some people collect stamps from a certain country while others focus on a particular topic, such as flowers, ships or buildings.

Unfortunately, stamp collecting has simply lost its appeal to younger people.

Coin collecting, on the other hand, is at its peak popularity. Rare or modern offer history that collectors can hold in their hand, and every period during the past 2,500 years is reflected in coinage.

Stamps disappear and become part of the ground. A coin can be dug up and, while new varieties of stamps are not really being discovered, new types of from all over the world are still being found. How many stamps or bank notes do you think youíll find while exploring

Hokie Hobbies: A stress-free second semester
Starting a collection can be an exciting hobby for some people. Vinyl records, vintage movie posters, baseball cards or even old Polaroids are some options; you don?t have to stick to traditional postage stamp and old coin collecting. Anything can become ...
Coin Collecting: Investors? Hobby With High Stakes
Numismatics: a hobby to some, a gamble to others and a serious investment to many collectors. The aim is the purchase of proof coins for pleasure and also a profit. The players range from small children hopeful of finding a 1913 Liberty head nickel in a ...
Cleveland man says coin collecting hobby is time well-spent
The hobby of coin collecting can be traced back as far as the Renaissance, when it became popular among some members of the wealthier class to present old and exotic coins to guests in the midst of festivals and other special occasions. For years, many ...
The Pawcatuck Coin Club: Members recount their passion
It can be easily stated that this is a group of passionate numismatists (those who study coins), committed to their hobby. For Scott Rottinghaus, an infectious disease doctor by profession, his coin-collecting hobby has permeated many facets of his life ...
A Tribute To Richard S. Yeoman,
Hobby pros are mourning the death earlier this month of Richard S. Yeoman, the author and creative genius who revolutionized coin collecting. Yeoman, a long-time Racine, Wis., resident, died while driving a car near his retirement home in Tucson ...
Four Easy Steps to Becoming a Coin Collector
Coin collecting is a unique hobby for several reasons. Unlike most other hobbies, coins don?t just cost money; they often end up earning you money. But just like any new hobby, when you?re first starting out there?s a lot to learn. And that?s ...
Coin Finds: Inherited coins make fond family memories
On a whim I suggested to Mom we should buy the book and find out what her inheritance coins were worth. That was the start of a coin collecting hobby that kept Mom happy and busy well into her 80s. She loved hunting the area coin shops, researching the Red ...
State-themed Quarters Has Mint Rolling In Dough
"But I think this is an example of the government acting responsibly to provide both assistance and support to the [coin-collecting] hobby, education to the public and profitability to reduce the national debt." For the Mint, the bulk of its profit boom ...
Vero Beach Coin Show coming Jan. 20-21
Those who recently inherited coins, or who have just found an interest in the hobby, will learn how to get started ... 25 Boy Scouts will be receiving their merit badges in coin collecting ? a skill we?ve shared with more than 150 Scouts over ...

with a metal detector?

Whilst improperly stored can degrade and lessen in value, paper money can be damaged by handling, sunlight, or water. All are subject to flood, fire, or other natural catastrophe.

A stock certificate with half of it burned away is just as good as a mint one in terms of its value on the exchange. In fact, as long as ownership can be proven, it often doesn't even matter if the physical certificate exists. The same canít be said for paper money.

You can insure against these problems, and go to great lengths to assure proper storage conditions, but all of this costs money and adds to the cost of the investment, often for many years before there is going to be any return at all.

Today, coin collecting is one of the worldís most popular hobbies. Amateur collectors enjoy for their beauty, rarity and the stories behind them. Added to this is the excitement of searching for and finding specific and the challenge of identifying unfamiliar items.

Why is coin collecting thriving and stamp collecting dying? Coins are still being used and are still fascinating. It is an investment as well as a hobby. Coins continue to go up in value while many stamps are at the peak value they will ever receive. Furthermore, many are going down in value.

Enjoy your hobby, and consider whatever you invest in it to be pleasure money, the same way you would count money you spent going to ball games, or dining out, or buying new clothes. Then, whatever you or your family get out of your collection is pure profit, whether it is more or less than what you originally paid.

After all, if you spend $20 a week going to the movies, you don't expect to get anything for your $1,000 a year collection of ticket stubs, do you?

I believe there is room in both the collecting of and paper money for both collectors and investors.

The important thing to remember in investing in or banknotes is rarity and desirability.

So I believe there can be a case made that both collecting and investing in banknotes and are valid, and valuable activities.
You can find out more about collecting gold coins at Gary Anthony Lacey's Coins Online web site.

We strive to provide only quality articles, so if there is a specific topic related to coins that you would like us to cover, please contact us at any time.

And again, thank you to those contributing daily to our coin appraisal website.

 

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Rare and Beautiful World Coins
By Charles Roman
Ideas for Collecting Coins from Around the WorldCollecting world coins is a fun hobby that gives you the feeling of travelling the globe vicariously through your coins. A collection Read more...
 
Coins, Paper Money, Or Stamps?
By Gary Anthony Lacey
What should you collect as a hobby; coins, paper money, or stamps?Which will be the best investment?Itís amusing that some people who collect coins, paper money, or Read more...
 
 
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