Entries from August 2009 ↓

Introduction to Numismatics

NumismaticsSince ancient days, coins have been utilized as a primary method and medium for exchange. The entire economy concept stands on the foundation that is provided by coins and paper currency, though the history of coins is much deeper than paper versions of money. In most languages, the term currency and coin are often considered to be synonymous. The history of currency and coins throughout the ages has made for some truly interesting reading. The concept of numismatics is all about studying coins and collecting them. Many people that are into numismatics consider coin collecting to be collecting pieces of history.

There is a lot of debate within the study of numismatics as to when the world’s first coins were created. Some people believe that the Chinese, the Indians or the people of Lydia may have been responsible for first using coins as an exchange medium, though this is also largely debated. Lydian coins are often found to contain symbols of unique individuals rather than any form of an official seal, and therefore these coins are often perceived to be personal tokens rather than a medium for exchange among the civilization.

Historical evidence also seems to indicate that the individuals responsible for handing out these coins often hammered them into their own unique shapes. This means that there likely was not a structured economy during the period where these Lydian “coins” were crafted. In China and India, however, the symbols present on the coins were much more uniform in general, indicating that there was likely a strong and structured economical background. These coins can be viewed by the general population in Chinese and Indian museums, which is very beneficial for the study of numismatics and for collectors that want to see how coins have evolved over time and across the globe.

One of the popular subjects of study among numismatics is the materials that coins are crafted from. Coins are made from a wide variety of different types of metals including steel, iron, bronze, copper and zinc, and they have all been used for various purposes throughout the ages. The coins that were minted in China during the Maurya dynasty were crafted from iron and copper. In years earlier, coins were minted solely from bronze. Those coins are regarded as being the property of the country that they were minted in, and often are protected and considered to be national treasures.

Coins are not always minted for the pure purpose of being mediums of exchange. Bullion coins, for example, are made out of purely precious metals such as palladium, gold and platinum, and this is done to preserve the metal in a specific shape. The coins are never actually minted to be currency at all. There are other coins, such as commemorative coins, that are minted purely to be collector’s items. There are a wide variety of unique coins in the world, and numismatics is all about studying them for their rich history and purpose.

Photo Credits: woody1778a

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Coin Collecting

Welcome to Coin Collecting

Originally posted 2008-08-03 14:32:14. Republished by Blog Post Promoter

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Starting a Gold Coin Collection

goldcoinsThere are a number of different ways that you can buy gold, not only as jewelry or gold bars but also in the form of a gold coin collection as well. Buying into a gold coin collection is a much better option, it is also much simpler and it can cost you as little as $40 to get started. Another benefit of buying into a gold coin collection is that you can easily store golf coins in ways that storing other forms of gold may not be feasible. You can easily store your gold coin collection anywhere in your home or you can have them put in a safe or stored in the bank for safe keeping depending on your needs.

There are many different ways that you can create a gold coin collection depending on what your interests are. There are all kinds of different gold coins that are available all over the world, including American Eagle golf coins, South African Krugerrands, UK Sovereigns and Australian golf coins, Canadian Maple Leaf coins and even Chinese Panda golf coins. When you start out your very own gold coin collection, the best coins to buy are the more common and more cost effective gold coins such as the Golf Sovereigns from Australia or the UK or the American Eagles for example. Keep in mind that there is never a fixed weight or a fixed size for gold coins, but rather they are measured based on their value and their weight, and these characteristics are going to vary depending on the size of the coin.

The unit of measurement that is used for your gold coin collection will be the gram. In the past, however, gold coins were measured in troy ounces which are parts of ounces. The purity of a gold bar is measured based on 999 parts per 1000 parts, which is as pure as gold is capable of getting. Most coins that will be in your gold coin collection are going to be 917 parts in 1000, because they put a little bit of other types of metal in the coins in order to make them easier to make during the minting process.

When you are planning to create a gold coin collection and it involves shopping online or offline, make sure that you have all the information that you need to know to purchase the coin such as the make, the name and the type of coin. Make sure that this information is being displayed so that you know that you are buying the right coin for your gold coin collection. If you are buying your gold coin collection online, make sure that you see pictures and that the price quoted by the seller matches up with the worth of the coin, otherwise move on to a more reputable online seller.

Photo Credits: Swamibu

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Collecting Maple Leaf Canadian Coins

mapleleafIf you are looking for an intriguing coin collection, consider adding Maple Leaf Canadian coins to your collection. These Maple Leaf coins are the official Canadian bullion coins and they are created and distributed by the Royal Canadian Mint. They come in a number of different metal types including gold, silver, palladium and platinum. The Canadian Maple Leaf coin was originally designed by Walter Ott, and it has been minted for several decades since 1979. this coin is made out of .9999 fine gold, and it is only minted in Canada and it contains nearly no base metals. Its composition is 1/20 oz which is worth $1C, 1/10 oz which is worth $5C, ¼ oz which is worth $10C, ½ oz which is worth $20C and finally 1 oz which is worth $50C.

The coin’s obverse features Queen Elizabeth II, and then the reverse side of the coin has a picture of the Maple Leaf on it. There are two different obverse variations, one of which is the 39-year old version of Elizabeth II, and the other which is the 64-year old version of Elizabeth II.

The Silver Maple Leaf Canadian coins have been minted since the year 1988. This coin is made from an ounce of .9999 pure fine silver, and it is worth a total of $5C. The average mintage for this coin is 935,680 coins every year, and there have been a number of different variations of this particular coin including the Colored Maple Leaf, the Privy Mark Maple Leaf, the Hologram Maple Leaf, the Olympic Maple Leaf and many others. On this coin, the obverse features one of three different images of Queen Elizabeth the II, one of which is at age 39, one of which is at age 64, and one of which is at age 79. Once again, the coin’s reverse features a Canadian maple leaf image.

The platinum Canadian Maple Leaf coin was minted between 1988 and 1999, and then it was minted again in the year 2002. When it was being minted, it was minted using .9995 fine platinum, and it was available in several different denominations. The 1/20 oz coin was worth $1C, the 1/10 oz coin was worth $5C, the ¼ oz coin was worth $10c, the ½ oz coin was worth $20C and the 1 oz coin was worth $50C. The coin’s obverse featured Queen Elizabeth II and the Canadian Maple Leaf graced the coin’s reverse.

The Palladium Canadian Maple Leaf coin began minting in 2005, and it is still being minted. It is rafted from 1 oz of .9995 fine palladium. The coin’s obverse features Queen Elizabeth II at 79, and the reverse is graced by a Canadian Maple Leaf. If you are interested in collectible Canadian coins, the Canadian Maple Leaf is a good way to go. These coins are estimated to be going up in value because they are precious metal coins, and the value of precious metal is on the rise.

Photo Credits: random dude

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Coin Collecting 101

coinsCoin collecting is an industry that has grown to encompass billions of dollars in sales. The earliest hobby of coin collecting is capable of being traced as far back as 1300 AD, which is when an Italian scholar known by the name of Fracesco Petrarca began to save coins and realized that his hobby collecting coins was growing in value. Collecting coins differs from the concept of numismatics in that numismatics specifically focuses on the study of currency like coins, monetary objects and notes, while coin collecting focuses on collecting those types of money for fun as well as profit.

People who make hobbies out of collecting coins tend to specialize in different specific types of collections. This is often determined by their financial resources and whatever they can invest, as well as the ease of availability for the type of coins. Collections can vary significantly including coin collections that focus on specific countries, coin collections that focus on certain eras and so on.

  • Coin collections focusing on a certain country are the most common type of coin collection because accumulating coins from a single country is generally a lot easier and more straight forward.
  • Coin collections that focus on a certain era in history may include Russian Revolutionary coins, United States Colonial coins and so on.
  • There are other obscure types of coin collections including collecting exonumia or error coins that are created improperly as a result die errors, designs that are uneven and double strikes, as these coins are generally in a high amount of demand. Another specialized form of coin collection is to focus on coins that come from one specialized civilization such as Roman coins, Aryan coins, Celtic coins or coins from the Goth era.

People who are interested in collecting coins can find hundreds of different coin collecting groups and clubs around the United States and around the world. Here, people who are serious about coin collecting gather so that they can discuss trends in coin collecting as well as numismatics. In the United States, a good option worth checking out is the American Numismatic Association which has a constantly growing roster of collectors that are all over the country. This organization was founded in 1891 and highly encourages the research and the collection of a myriad of different types of coins and currencies.

The American Numismatic association brings out a magazine every month that is known as the Numismatist. This is a virtual treasure trove of information for any collector, regardless of whether they are new to the art of have been collecting for years. If you are interested in collecting coins, it would be wise to check out the publication offered by this group of coin collectors, as it is a great place to jump start your understanding of the subject.

Photo Credits: Roger Smith

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