Top Tips For Coin Collectors

Coin History

Brief history of coins

The First known coins were made around 650 BC. It is believed that soon after coin collecting started. Exchanges were made between goods and services for precious metals such as Gold and Silver instead of the normal practice of bartering. Due to dishonesty this was replaced by carefully weighed standard gold coins. Soon after, the use of coins was the preferred standard for the payment of goods and services.

The Greeks were first to use artists to put faces on coins and figures. They often used gods and mythical creatures or heroes. This changed when Alexander the Great started to use everyday real-life figures and scenes on the coins surface
The most famous coin collector – Francesco Petrarca – in the fourteenth century was one of the first coin collectors. A scholar and poet and born in Italy, he was an early enthusiast. Popes even started to join in the craze as its popularity spread during the Renaissance period. Emperors of Rome would gladly pay over the odds for coins that were no longer freely available. Soon it was known as the past time of Kings. Louis XIV, Ferdinand I, and Henry IV were all coin enthusiasts amassing fine large collections fit for Kings

The foremost International coin show was on August 15th 1962 for 3 days in the USA (Michigan). Over 40,000 people saw the exhibition hosted by Numismatic Associations from Canada and the USA.
It was in 1792 that the USA started making coins officially, when the coinage act was passed which made the US dollar the official monetary exchange in the USA. First minted in Philadelphia, the coin was soon to be made in Denver. San Francisco and West Point mints made mainly gold coins. Each coin carries the mark of the mint where it was made.

Around the world today there are tens of millions of coin enthusiasts enjoying the “Hobby of Kings”. To this end there are numerous museums dedicated to this past-time exhibiting these rare and beautiful coins. The Smithsonian is one such fine museum.

Numismatic societies have also grown rapidly around the world with many established in western societies and big cities predominantly. All aimed at nurturing the expansion and education of coin collecting

The lure to this gentlemanly past-time is the excitement of potentially finding something rare, often beautiful and valuable. Truly a “hobby fit for a King”

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