Coin collecting is considered the perfect hobby, "The Hobby of Kings.
" It allows you to collect a bit of history and at the same time collect a bit of wealth.
Who doesn't like that? This hobby dates back to the early 1400's and didn't really become wide spread around the world until the early 1900s.
When collecting coins you may fall in to 3 different groups.
People collect coin for a many different reasons.
These reasons can be for fun or purely for making money from their collection.
We are going to describe the following coin collecting categories: 1.
The Laid-Back/Informal Collector: These are collectors who collect mainly for enjoyment.
The Laid-Back collector usually loves their coins and are interested in knowing their history behind them.
Type of collector tends to pass their coins down to their family.
A Laid-Back collector my start collecting only for the enjoyment sometimes later on begin to realize profits from the coins they collect.
2.
The Inquisitive Collector: These are the collectors who collecting coins with the goal of making a profit, they are quite educated and don't have a problem investing a bit to acquire a new coin.
The Inquisitive collector evaluate the value of the coins by check its condition to a valuation books.
They have the skills to separate a precious coin from other common coins.
3.
The Sophisticated Collector: The sophisticated collector collects coins solely as an asset.
They keep their eyes on the look for the rarest coins.
These may be older coins, coins from sunken ships, limited editions, error coins and coins out of circulation.
These types are the most difficult to find and the sophisticated collector won't have problem paying top price for a rare coin if one is found.
So they will pretty much buy rare coins from anyone who is willing to sell, predominantly from the specialized broker.
Sophisticated collectors are different from both Laid-Back and Inquisitive collector chiefly in the level of knowledge.
If you looking to become collector take your time to find what category to put yourself into.
Your reason will deter mind your approach.
No matter what you decide, make sure your decision is something your comfortable with and stay connected to the community.
By reading this you should get a rough idea of the group you currently or would like to belong to.
There is no limit to what you can do.
" It allows you to collect a bit of history and at the same time collect a bit of wealth.
Who doesn't like that? This hobby dates back to the early 1400's and didn't really become wide spread around the world until the early 1900s.
When collecting coins you may fall in to 3 different groups.
People collect coin for a many different reasons.
These reasons can be for fun or purely for making money from their collection.
We are going to describe the following coin collecting categories: 1.
The Laid-Back/Informal Collector: These are collectors who collect mainly for enjoyment.
The Laid-Back collector usually loves their coins and are interested in knowing their history behind them.
Type of collector tends to pass their coins down to their family.
A Laid-Back collector my start collecting only for the enjoyment sometimes later on begin to realize profits from the coins they collect.
2.
The Inquisitive Collector: These are the collectors who collecting coins with the goal of making a profit, they are quite educated and don't have a problem investing a bit to acquire a new coin.
The Inquisitive collector evaluate the value of the coins by check its condition to a valuation books.
They have the skills to separate a precious coin from other common coins.
3.
The Sophisticated Collector: The sophisticated collector collects coins solely as an asset.
They keep their eyes on the look for the rarest coins.
These may be older coins, coins from sunken ships, limited editions, error coins and coins out of circulation.
These types are the most difficult to find and the sophisticated collector won't have problem paying top price for a rare coin if one is found.
So they will pretty much buy rare coins from anyone who is willing to sell, predominantly from the specialized broker.
Sophisticated collectors are different from both Laid-Back and Inquisitive collector chiefly in the level of knowledge.
If you looking to become collector take your time to find what category to put yourself into.
Your reason will deter mind your approach.
No matter what you decide, make sure your decision is something your comfortable with and stay connected to the community.
By reading this you should get a rough idea of the group you currently or would like to belong to.
There is no limit to what you can do.