Building collections has been a favorite hobby for millions of people over the ages. Collectors enjoy the thrill of finding a new addition and they often spend a lot of time organizing and documenting their collections. It would be difficult to think of something that is not and has not been a collectable. Minted tender is still one of the favorites with some of the most valuable coins selling for millions of dollars.
There are many different factors that influence the motivation of collectors. Some simply build collections because they enjoy the look and feel of the tender. Others are classified as accidental collectors. These are people that inherited collections and that somehow become entranced themselves. There are also many collectors that see their collections as investments and a way to earn a profit by concentrating on collection coins worth money.
Most collectors follow a specific theme. Some will only collect tender from a very specific period. Others will concentrate upon a specific country. Some even collect only tender that is manufactured from specific metals, such as gold or copper. There are even collectors that are only interested in specific themes such as ships or portraits of specific heads of state, such as Queen Victoria, for example.
Supply and demand play a big role in determining the value of coins but this is by no means the only factor involved. Some collectors will pay much more for a specific piece missing from their collections. The condition of the tender is also important. Organizations such as the American Numismatic Association also provide grading services to collectors and dealers.
The most expensive coin on the planet today is the Flowing Hair Dollar, a copy of which sold in 2013 for more than ten million US dollars. This was the first minted tender issued by the US Federal government. It was minted in 1794 and 1795 after the first federal mint was established in 1792. By 1795 the Flowing Hair design was replaced by the Draped Bust version, also very sought after to this day.
The rarest specimen in the world, and second most expensive, is the Double Eagle, a golden US 20 dollar minted tender. Half a millions was minted in 1933, but all of them, except two were melted down again. One remains in the possession of a private collector, who paid seven and a half million dollar for it in 2002. The other is part of the US National Numismatic collection.
When contemplating this hobby, it is important to get expert advice. There are many websites offering valuable information but it may also be wise to join a reputable club and learn as much as possible before making any purchases. When purchasing specimens it is vital to make sure that the dealer is reputable and an acknowledged expert in the field of numismatics.
Collecting things can be an extremely rewarding hobby. Regardless of the reason why hobbyists embark upon the collection of minted tender, it is always a good idea to learn as much as possible about the tender collected. It is always important to make sure that collections are kept safe and that each piece is properly cared for. In many cases it is necessary to take out insurance.
There are many different factors that influence the motivation of collectors. Some simply build collections because they enjoy the look and feel of the tender. Others are classified as accidental collectors. These are people that inherited collections and that somehow become entranced themselves. There are also many collectors that see their collections as investments and a way to earn a profit by concentrating on collection coins worth money.
Most collectors follow a specific theme. Some will only collect tender from a very specific period. Others will concentrate upon a specific country. Some even collect only tender that is manufactured from specific metals, such as gold or copper. There are even collectors that are only interested in specific themes such as ships or portraits of specific heads of state, such as Queen Victoria, for example.
Supply and demand play a big role in determining the value of coins but this is by no means the only factor involved. Some collectors will pay much more for a specific piece missing from their collections. The condition of the tender is also important. Organizations such as the American Numismatic Association also provide grading services to collectors and dealers.
The most expensive coin on the planet today is the Flowing Hair Dollar, a copy of which sold in 2013 for more than ten million US dollars. This was the first minted tender issued by the US Federal government. It was minted in 1794 and 1795 after the first federal mint was established in 1792. By 1795 the Flowing Hair design was replaced by the Draped Bust version, also very sought after to this day.
The rarest specimen in the world, and second most expensive, is the Double Eagle, a golden US 20 dollar minted tender. Half a millions was minted in 1933, but all of them, except two were melted down again. One remains in the possession of a private collector, who paid seven and a half million dollar for it in 2002. The other is part of the US National Numismatic collection.
When contemplating this hobby, it is important to get expert advice. There are many websites offering valuable information but it may also be wise to join a reputable club and learn as much as possible before making any purchases. When purchasing specimens it is vital to make sure that the dealer is reputable and an acknowledged expert in the field of numismatics.
Collecting things can be an extremely rewarding hobby. Regardless of the reason why hobbyists embark upon the collection of minted tender, it is always a good idea to learn as much as possible about the tender collected. It is always important to make sure that collections are kept safe and that each piece is properly cared for. In many cases it is necessary to take out insurance.
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