Exploring the World of Coin Collecting: Numismatics Unveiled
Numismatics, the study or collection of coins, paper money, tokens, and medals, is a fascinating pursuit with a rich history. However, many people have misconceptions about what it entails. If you're eager to learn more about coin collecting, read on to dive into the diverse world of numismatics.
Understanding Numismatics
Numismatics is more than just searching through your loose change; it involves a deep knowledge of coin history, coinage systems, and the factors that make certain coins valuable. This article will help you understand the nuances of numismatics and share some personal insights from a seasoned coin collector.
A Personal Journey into Numismatics
I started my coin collecting journey at the tender age of 12 when my father introduced me to this exhilarating hobby. Finding coins back then was much easier; obsolete coin types such as Barber dimes, quarters, halves, and Buffalo nickels were still in circulation. You could go through rolls of silver dollars and pick out coins from the Charlotte, North Carolina (CC) mint.
Profiting from Coin Collecting
While studying at the University of Houston in the early 1960s, I started searching for coins for profit. I would go through bags of coins obtained from banks and vending machine companies, picking out the coins with good dates and higher grade, and selling them to local dealers in Houston. My keen eye and knowledge of coin valuation became a valuable asset.
Expanding Horizons to World Coins
During the 1960s, my interest broadened to include world coins. I would make regular trips to Mexico with friends to purchase old silver coins and early Mexican paper money. This venture allowed me to become a part-time coin dealer and attend regular coin shows. From 1998 to 2007, I sold both coins and stamps on eBay.
Investment and Appraisal
Around 8-10 years ago, I streamlined my coin inventory, retaining only higher-grade, more expensive coins that I consider a form of investment just like my retirement portfolio. I continue to perform occasional coin appraisals for friends and acquaintances, ensuring that they get fair value for their rare and valuable coins.
Personal Coin Hunting Adventures
As a coin collector, I don't just sit back and wait for coins to come to me; I actively search for valuable coins whenever I get change. For example, I keep all pennies prior to 1982 because the copper content is worth more than the face value of the coin. Starting in 1982, most pennies are made primarily of zinc with a copper coating.
Unique Coins Found
About two months ago, someone gifted me an Indian Head Penny from 1904. I also have some silver quarters and half dollars which I've found over the years. Additionally, I still have some Franklin half dollars in circulation, which is hard to believe given their age. Here are some examples of the same year, though not the exact coins I found: [Insert Images Here].
Conclusion and Final Thoughts
Numismatics has been an interesting and profitable sideline for me for many years. Whether you're just starting out or looking to expand your collection, there's always something new to learn and discover. Join me in this exciting journey and let's explore the fascinating world of coin collecting together.