COIN COLLECTING

Articles Published by Ken Dunn - Dunway Enterprises

Coin collecting is the collecting or trading of coins or other forms of legally minted currency.

Frequently collected coins include those that were in circulation for only a brief time, minted with errors or especially beautiful or historically interesting pieces. Coin collecting can be differentiated from numismatics in that the latter is the study of currency, though both are obviously closely related.

Coin collecting Collecting or trading of coins collected coins Numismatics

Foreign Coin Collecting

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Collecting foreign coins can be a bit of a challenge simply because we don’t see a lot of them in our everyday pocket change. The easiest ones to find are ones from Canada, Mexico and England. The good news is they are often cheaper to collect that US coins. They also add a great deal of variety to your overall coin collection.

Here are some examples of popular foreign coins:

[1] The French Angel is a gold coin that is well sought-after by collectors. It is said to have mysterious powers to bring good luck, cure diseases and save people from tragedies. And its aesthetic beauty is admired by many collectors.

[2] The Greek Athenian Owl is a silver coin that symbolized security for those who acquired them during their 300 years of circulation.

[3] The South African Proof Krugerrands weren’t introduced to the US and other parts of the world until 1967, but they were in Africa long before that. Collecting these coins offers a fascinating look at the history of that area of the world.

[4] The Mongol Coin of China was a high-denomination coin that the government once forced the people to use. There is a lot of political agenda tied to these coins, and history buffs love these for their rich story.

[5] The Japanese Yen is a basic coin, much like our penny. These coins have a hole in the center. Many years ago men would ties their money around their necks to keep track of it. These days they can be seen as charms or part of a coin collection.

These are just a few examples of the kinds of coins available and the history that each coin and collection brings. A foreign coin collection is a great way to learn about a different country. They can provide a great history lesson and you can learn the difference in how much each is worth what you can buy for the value of a dollar using these various coins.

Another way to collect foreign coins is to look for a common theme among theme. Some examples include collections with animals on them and others with flowers on them. You can add coins from a variety of countries to fit your chosen theme. This is a good way to represent many foreign countries in a single collection.

Many collectors buy and sell at online sites like eBay or other auctions. Some of these online auctions do offer guarantees that aim to protect the bidder, but one must be diligent in reading the fine print before bidding. The competition on some auctions can be intense, and an auction can go on for a lone time. Not quite true auctions, many established coin dealers may have an online store that they advertise through auction sites.

This might be in addition to their physical store. One advantage to online stores is that you can often view a digital computer scan of the coins listed for sale that will help you make good purchasing decisions.

Coin collecting magazines are also good sources of buying coins. Unfortunately it’s not always possible to view the coins you are buying, and anything bought “sight unseen” comes with an inherent risk. If you buy from a dealer who advertises in a magazine, be sure to check to see if they belong to any of the professional coin dealer organizations mentioned above.

Make sure the dealer has a fair return policy and do not start out with major purchases before developing faith in the seller. It is safer to buy certified coins and modern coins through mail order than it is to buy older coins that may have been cleaned to look like a higher grade of coin.

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