and Investing in Coins
are many excellent reasons why you might want to collect coins.
For starters, they tell unique stories. A coin's design, mint mark,
condition and composition can offer a glimpse into history and a
better understanding of the past.
people collect coins in the hope that they will appreciate in value.
Some coins have intrinsic bullion value (such as silver, gold and
platinum coins). Others become valuable because they are rare.
collecting, one of the oldest hobbies, was once practiced only by
kings and the wealthy. That's why coin collecting often is called
the "king of hobbies" and the "hobby of kings."
collecting became increasingly popular in America during the 1930s
when United States commemorative coins became widely available.
Today, there are millions of coin collectors in the United States
alone. The thriving coin-collecting community, which includes clubs
throughout the United States provides numerous opportunities for
collectors to meet and trade.
Brief History of Coins
ancient Egyptian coins to today's circulating cents, coins have
a rich and fascinating history. The first coins date back to 650
B.C. - more than 2,600 years ago - in Lydia, an area that today
is part of Turkey.
first United States coins were copper cents, which were struck at
the Philadelphia Mint in 1793. At that time, production was manually
intensive and the coins were struck one at a time. Today, about
seven hundred coins can be produced in one minute.
United States Mint