Coin Collecting

Numismatics (the hobby of collecting coins), unlike other pastimes with the exception of philately (collecting stamps) and notaphily (collecting paper currency), is one of the rare hobbies that require lots of time, research and money. However, it can be rewarding as the hobbyist might earn money in the range of ten of thousands of Dollars over a pan of a couple of years if they do their homework properly, have the ability to spot a great deal, and have the capacity to hold on to a rare coin for a prolonged period. It is not surprising to find pursuers of this hobby investing in old and precious paper currency as well.

More information on australian perth mint gold bars

Who collects coins?

Individuals, interested in the history of coins, and seeking a good return on investment collect coins. It is unarguably one of the most interesting hobbies in the world. One can also classify these individuals as collectors or students of coins, including other payment media used for transaction. If you are interested in this hobby, which provides amazing ROI over a long period, you should also consider purchasing gold coins, legal tender, as well as other precious metal bullion from the Perth Mint Depository. They also offer australian perth mint gold bars in four different weights such as 1 gram, 5 grams, 10 grams, as well as 20 grams.

Is coin collecting a good investment?

Collecting coins is, perhaps, one of the best investments ever. However, this depends on the knowledge of the collector, his ability to spot a good deal and close it, his ability to hold on to his investments for many years, and selling his entire or a part of his collection when its value has increased manifold. If you plan to collect coins, be prepared to spend lots of time in researching, contacting like minded hobbyists worldwide, searching trustworthy online portals that offer old coins on a regular basis, and purchasing a coin (or coins), when they are available at the cheapest price possible. Hunt through the belongings of your ancestors, as you never know that you might find a valuable coin in it. Briefly, you should have the ability to time the purchase and sale.

Why would somebody collect coins?

Hobbyists collect coins out of passion and for the return on investment they provide after several years as well.

Do coins go up in value once no longer in use?

Just because a coin is no longer in use does not imply that its value will go up. The main factor that determines the value of a coin is availability. When demand for a specific coin outweighs supply, then its prices shoots up.

What are examples of rare coins?

Some of the in demand and rare coins include:

Liberty Head V Nickel released in 1913

Morgan Silver Dollar dated 1901

D Mercury Dime released in 1918

The above list is just the tip of the proverbial iceberg. Coins minted during the Mughal period as well as coins from the Mohenjo-daro period are costlier than the examples mentioned above. As a numismatist, you should try to add these coins to your collection. Do not forget to check the Australian Perth mint gold bars as well.