Collecting things have served as a rewarding hobby for people from all walks of life since time beginning. People seem to collect anything and everything. Indeed, some collections are strange, even bizarre. There are even museums dedicated to the collections of some famous people. Minted tender has always been the focus of many collectors all over the world. The most valuable coins are worth millions, although many collectors simply enjoy finding interesting samples.
Some collectors choose this hobby as a way in which to earn large profits. These collectors are normally extremely knowledgeable about coins worth money and it is indeed possible to make handsome profits. Others simply enjoy the act of collecting a specific item, in this case minted tender. There are also accidental collectors that inherited collections and then became enamored with the hobby themselves.
Many collectors subscribe to a specific theme. Some will only collect coins made from a very specific metal. Others will focus on a specific country or period. Yet others will only want tender that has been issued by a specific mint and there are even collectors that will not want a tender that does not feature a very special theme, such as animals, plants or the faces of heads of state.
The value of coins is determined, to a large degree, by supply and demand. However, tender that is in mint condition is often many times as valuable as samples that are in poor condition. The American Numismatic Association uses a scale ranging from one to seventy to rate the condition of a specific sample, with a rating of seventy describing a sample in perfect condition.
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 second minted tender on the list has a fascinating history. The Double Eagle, a twenty dollar gold United States tender was minted in 1933. Close to a half a million were minted but none was ever distributed. The entire stock was melted down and only two survives to this day. One is in the hands of a private collector and the other in the collection of the US National Numismatic society.
Anybody inheriting a collection or contemplating such a collection as a hobby should do thorough research. The internet is a valuable source of information. It is necessary to decide upon a theme and it is generally advisable to join a registered club that can provide newcomers with valuable advice. Minted tender should always be purchased from registered and acknowledged experts in the field.
Many collectors of minted tender build their collections over many years and then pass it on to a loved one. Some collections are extremely valuable and it is imperative to make sure that the collection is insured and properly safeguarded. Others simply collect tender because they enjoy it and they like to learn more about the various pieces that they possess.
Some collectors choose this hobby as a way in which to earn large profits. These collectors are normally extremely knowledgeable about coins worth money and it is indeed possible to make handsome profits. Others simply enjoy the act of collecting a specific item, in this case minted tender. There are also accidental collectors that inherited collections and then became enamored with the hobby themselves.
Many collectors subscribe to a specific theme. Some will only collect coins made from a very specific metal. Others will focus on a specific country or period. Yet others will only want tender that has been issued by a specific mint and there are even collectors that will not want a tender that does not feature a very special theme, such as animals, plants or the faces of heads of state.
The value of coins is determined, to a large degree, by supply and demand. However, tender that is in mint condition is often many times as valuable as samples that are in poor condition. The American Numismatic Association uses a scale ranging from one to seventy to rate the condition of a specific sample, with a rating of seventy describing a sample in perfect condition.
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 second minted tender on the list has a fascinating history. The Double Eagle, a twenty dollar gold United States tender was minted in 1933. Close to a half a million were minted but none was ever distributed. The entire stock was melted down and only two survives to this day. One is in the hands of a private collector and the other in the collection of the US National Numismatic society.
Anybody inheriting a collection or contemplating such a collection as a hobby should do thorough research. The internet is a valuable source of information. It is necessary to decide upon a theme and it is generally advisable to join a registered club that can provide newcomers with valuable advice. Minted tender should always be purchased from registered and acknowledged experts in the field.
Many collectors of minted tender build their collections over many years and then pass it on to a loved one. Some collections are extremely valuable and it is imperative to make sure that the collection is insured and properly safeguarded. Others simply collect tender because they enjoy it and they like to learn more about the various pieces that they possess.
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