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How The Hobby of Collecting Coins Began
By Charles Roman
Very few things tell more about a country in fewer words than the it produces. Coins hold a wealth of information on their small faces, from the year of their birth to the language spoken at the time, from the metals a country holds valuable to the cultural influences and historical figures that its people hold valuable. Coins can also be strikingly beautiful in their own right, with the top designers of a nation striving to have their motif chosen for immortality on the face of a coin. With so much information and beauty contained in so small a package, it is no surprise that coin collecting has been a hobby nearly as long as the concept of themselves. An understanding of the long history of coin collecting, once known as “the hobby of kings,” will make this pastime even more enjoyable.
The Origin of Coins and Coin Collecting The hobby of coin collecting began nearly as soon as the first were minted in Asia Minor, around 650 B.C. Before that time, gold and silver ingots were the most common form of legal tender. Because there was no standard, however, each trade necessitated a careful weighing and examination of the precious metals being offered, and it was easy for unscrupulous merchants to pass off a lesser quality of gold in trade. Coins, which were printed on standardized weights of precious metals and stamped with a government guarantee of value, was the answer to this unwieldy, easily sabotaged trading process. Within one hundred years, the concept of had been adopted by all of the major trading cities in the civilized world.
At the beginning, coin collecting had a very practical reason – there were no banks in which to store money. People hoarded as a way of safeguarding their wealth. Those that were especially beautiful were hoarded the
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 ...
Winona Coin Club has annual coin show on Sunday
Around that time is when Schneider picked up the coin collecting hobby himself. He said he was looking through change in pockets, coin jars and couch cushions, hoping he would find some of those pennies. Schneider said he enjoys coin collecting because of ...
Ames Coin Club to host annual Coin-A-Rama this weekend
But for those who have no experience with coin collecting or coin shows ... ?There are a lot of dealers that are willing to work with you. When you love this hobby you want to help people learn more about it.?
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 ...
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 ...
Coin show shows how hobby is changing
David DeTomaso, president of the Cayuga County Coin Club, said that he has been an avid coin collector since he discovered the hobby during Cub Scouts at the age of 7. ?Coin collecting is a hobby that could also be profitable,? he said. ?But for the ...
Wis. Valley Coin Club Holds Annual Coin Show
A list of popular hobbies is sure to include coin collecting. The hobby has stood the test of time, and some folks in Wausau proved that on Sunday. The Wisconsin Valley Coin Club held its annual Coin Show at the Howard Johnson in Wausau on Sunday afternoon.
longest, often being passed down within families.
Coin Collection in Renaissance Times Modern coin collecting, where the are viewed as a work of art as well as a collection of valuable legal tender, is widely thought to have begun with Francesco Petrarca, or Petrarch, who is often called the father of the Renaissance. Although there is reason to believe that Roman emperors and citizens paid prices higher than face value for that were no longer in circulation, Petrarch was known to be an avid collector, and often spoke of his collection in his writing. During the Renaissance, popes and nobility began collecting for their artistic and historical value, and the name “the hobby of kings” was born. So popular was the pursuit and trade of ancient Greek and Roman in this time period, that a brisk business in high-quality counterfeits sprang into being. Today, these counterfeits even have a high value, due to their age, quality, and historical significance.
Coin Collecting in Modern Times Coin collecting has been a favorite pastime of many people with a reverence for history, including U.S. Presidents Thomas Jefferson and John Adams. The development of two large coin organizations in the mid-to-late 1800s, the American Numismatic Society (ANS) and the American Numismatic Association (ANA), helped spark American interest in building and maintaining a coin collection. Today, there has been an explosion in American interest in coin collecting, in large part due to the ease and availability of obtaining interesting coins. The U.S. Mint has successfully increased interest in starting a coin collection through the minting of specialty coins, such as the bicentennial half dollars released in 1976 and the current release of quarters commemorating each of the fifty states.
Coins and Coin Collecting, www.coinsandcoincollecting.com
Your guide to getting the very best from your coin collection.
Coin collecting can be started as simply as getting a special state quarter for your birthday. Or you may use a coin collection to help you visualize the history of your state or country.
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