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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
Area club gathers, sells, hoards coinage - Twin Falls Times-News
Often called the hobby of kings, coin collecting is gathering momentum in the Magic Valley. Coin collectors buy, trade, sell and sometimes hoard all types of coins from the multi-million-dollar 1804 silver dollar to the recently issued and widely ...
Hawaii coin ends popular state quarter program - AZCentral.com
NEW YORK - With a big aloha to Hawaii, a new generation of coin collectors will soon shut their books on the U.S. Mint's popular 10-year state quarter program full of fond family memories and a fun dose of history. While not terribly rare ...
Consumers getting the right Vibe from Pontiac - Scott Wasser WHEELS - Times-Leader
My wife, Ronda, has a new hobby. Over the past year or so, she has become what I call a ?gastrackologist.? Unlike coin collecting, hunting, and other activities people enjoy, Ronda?s hobby doesn?t require expensive gear, hours of free time or ...
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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