Since the beginning of time people have enjoyed hoarding things. Many people develop a passion for collecting specific objects and they will go to great lengths to enlarge their collections. There is no limit to the types of objects people like to collect. In fact, some collections are rather bizarre. Collecting minted tender is a particularly popular and potentially even profitable hobby. Some of the most valuable coins fetch extremely high prices.
There are different reasons why people like to collect minted tender. Some collectors have inherited collections and they simply continue to build the collection. They could almost be called accidental collectors. Others do it to make a profit. There can be no doubt that there are numerous coins worth money. Yet others simply collect them for aesthetic reasons. Many hobbyists spend large amounts on their collections.
Most collectors concentrate upon a specific theme. Some only collect tender originating from a specific period, country or even a very specific mint. Others want only tender that originate from a very specific period. Then there are those purists that will only purchase tender that are made from a certain type of metal. There are also collectors that specialize in tender that feature a certain theme, such as plants, animals or heads of state.
Determining the value of coins is a subjective affair. In most cases the condition of the piece in question will play a large role in determining its value. The American Numismatic Association, for example, grades the condition of samples on a scale from 1 to 70 with the Latter being a specimen in mint condition. The rarity of the piece also plays a very important role.
The first national mint in the United States was established in 1792, but it was only in 1794 that the first tender was produced. This was the Flowing Hair Dollar which is the most expensive coin in the world. A copy was recently sold for more than ten million dollars. This tender was minted for only two years and was replaced by the Draped Bust Dollar in 1795.
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.
This hobby can become very expensive. It is vital to belong to a club where experienced members can impart valuable advice. There are also numerous sites on the internet that is certainly worth perusing. Before making any purchases, it is deemed wise to first settle upon a theme. Purchases should only be made from respected experts in the field of numismatics. Valuable collections should be insured and kept in a safe place.
Building collections has always been a popular hobby and millions of people enjoy looking after their collections, finding new additions and learning more about the objects that they collect. Some collections of minted tender are extremely valuable but many other collectors simply enjoy the act of collecting.
There are different reasons why people like to collect minted tender. Some collectors have inherited collections and they simply continue to build the collection. They could almost be called accidental collectors. Others do it to make a profit. There can be no doubt that there are numerous coins worth money. Yet others simply collect them for aesthetic reasons. Many hobbyists spend large amounts on their collections.
Most collectors concentrate upon a specific theme. Some only collect tender originating from a specific period, country or even a very specific mint. Others want only tender that originate from a very specific period. Then there are those purists that will only purchase tender that are made from a certain type of metal. There are also collectors that specialize in tender that feature a certain theme, such as plants, animals or heads of state.
Determining the value of coins is a subjective affair. In most cases the condition of the piece in question will play a large role in determining its value. The American Numismatic Association, for example, grades the condition of samples on a scale from 1 to 70 with the Latter being a specimen in mint condition. The rarity of the piece also plays a very important role.
The first national mint in the United States was established in 1792, but it was only in 1794 that the first tender was produced. This was the Flowing Hair Dollar which is the most expensive coin in the world. A copy was recently sold for more than ten million dollars. This tender was minted for only two years and was replaced by the Draped Bust Dollar in 1795.
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.
This hobby can become very expensive. It is vital to belong to a club where experienced members can impart valuable advice. There are also numerous sites on the internet that is certainly worth perusing. Before making any purchases, it is deemed wise to first settle upon a theme. Purchases should only be made from respected experts in the field of numismatics. Valuable collections should be insured and kept in a safe place.
Building collections has always been a popular hobby and millions of people enjoy looking after their collections, finding new additions and learning more about the objects that they collect. Some collections of minted tender are extremely valuable but many other collectors simply enjoy the act of collecting.
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