A simple definition of coin collecting & numismatics is the the
collection and study of coins, paper money, tokens and medals, and
indeed these are the most widely collected and studied numismatic
materials. Other items representing current or past financial assets
or liabilities are also included under the numismatic umbrella.
These include other objects used as money, as well as stock
certificates, checks and notes of financial obligations.
Numismatic items are collected and studied for many reasons,
including their historical significance and artistic merits, as well
as their role in commerce. When significant demand exists, they may
obtain numismatic value beyond their current monetary value (if
Coin collecting is perhaps the most popular part of the hobby and
is sometimes used to refer to the entire numismatic spectrum. There
are several specializations in coins and other branches of
numismatics. With such breadth of material, numismatics offers
virtually inexhaustible opportunities for exploration, learning and
What to collect is entirely up to the collector. It will normally
be a specialization that holds some interest for the collector and
is within his or her budget. Among the most popular types of
collections are world coins (coins from several countries), ancient
coins, and coins of a particular country. Some specialization within
these categories is ordinarily helpful. If collecting from a
particular country, you can work on one or more series, a type set,
commemoratives, errors, die varieties, paper money, etc. You may
also want to set bounds on the grades of coins you collect, e.g. all
G-VG, VF or better, or Uncirculated.
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