Collecting US Coins
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I love collecting coins. When I was young and first starting out, there was no science to it. If it was shiny, looked new and I did not already have one, I added it to my collection. I have come a long way since then, now viewing coin collecting as an investment as well as a hobby, but my enthusiasm remains as strong as ever.
There are a number of reasons why people collect coins. Often it starts out simply as fun. For example, you might find an old coin at your grandma’s place and want to find out more about it. Once you have one often you want to find out about other similar coins and it grows from there.
Another motivation is to collect coins as an investment. Coin dealers fall into this category. Like all other items of value, where there is a demand for a particular coin the price will go up in this instance is likely to go higher than the legal tender of the coin. Factors which can influence the demand for a coin include the condition of the coin, how many other similar coins there are, whether there was error in minting the coin and whether a coin has historical significance.
There are a number of people who study coins to gain an insight into the society that created it. Studying coins can provide scholars with information as to how people transacted giving an indication as to the sophistication of their economy and the systems they had in place.
One of the most popular types of coins for both hobbyists and investors alike are US coins. One of the finest examples of the US coin is the Morgan silver dollar. Spanning in a rich history of self-interest, economic volatility and the First World War, this ugly duckling has turned into the beautiful swan for modern investors. With fine examples of Morgan silver dollars available at all price points, for anyone wanting to get involved in coin collecting this is a great entry level coin.
The purpose of this site is to give you a detailed introduction to US coins and the benefits and joys of coin collecting and investing. I hope you get as much enjoyment out of collecting coins as I have.